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Daily industrial news and top headlines for plant and maintenance managers

Mazda Shares Dive On Plan To Raise $2B

February 24, 2012 2:17 pm | by The Associated Press

Mazda stock dived nearly 7 percent after the struggling car maker said it will raise about $2B from selling new shares to invest in assembly plants and developing new vehicle technologies.

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OH Union OKs Deal With Manufacturer Timken Co.

February 24, 2012 2:14 pm | by The Associated Press

Steelworkers have approved a five-year contract that clears the way for a $225 million plant addition, Ohio's latest manufacturing payoff from expanded shale energy development.

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Ingalls Gets $70M Contract

February 24, 2012 2:12 pm | by The Associated Press

Huntington Ingalls Industries says its shipbuilding division has received a $70M contract modification from the U.S. Navy for LPD 27, the 11th amphibious transport dock of the USS San Antonio class.

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Company Claiming iPad Trademark Sues Apple In U.S.

February 24, 2012 9:58 am | by Elaine Kurtenbach, AP Business Writer

The companies are feuding over whether Proview sold the mainland Chinese rights to the iPad trademark to Apple in a 2009 deal.

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Chicago Factory Where Workers Had Sit-In To Close

February 24, 2012 9:55 am | by Caryn Rousseau, Associated Press

Serious Energy said it will close a window factory that became a symbol of the plight of American workers more than three years ago when employees briefly occupied the building.

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College Grads Get Older, Shift Workplace Trends

February 24, 2012 9:51 am | by Hope Yen, Associated Press

The college gains are making it easier for older Americans to work later in life because they are more likely than their parents' generation to hold higher-skilled jobs, which are seen as harder to replace.

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German Firm Building PA Factory

February 24, 2012 9:50 am | by The Associated Press

The Butler Eagle reports that IMS Systems, Inc. broke ground for a plant to manufacture its high-tech thickness-detection gauges.

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VW More Than Doubles Earnings In 2011

February 24, 2012 9:48 am | by The Associated Press

Automaker Volkswagen said its net earnings more than doubled last year as revenues grew by more than a quarter and the company benefited from accounting factors related to its stalled takeover of Porsche.

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Unemployment Applications Stay At 4-Year Low

February 24, 2012 9:46 am | by Christopher S. Rugaber, AP Economics Writer

Applications stayed last week at a seasonally adjusted 351,000, the Labor Department said Thursday. That's the fewest since March 2008, when the country was just a few months into the recession.

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Union Sues To Block Indiana's Right-To-Work Law

February 23, 2012 2:23 pm | by Charles Wilson, Associated Press

Union members went to federal court Wednesday to ask a judge to block Indiana's new right-to-work law from being enforced, the first lawsuit and latest conflict over the divisive legislation.

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HP CEO Pleads Patience As Earnings Fall 44 Percent

February 23, 2012 2:20 pm | by Anick Jesdanun, AP Technology Writer

Hewlett-Packard Co. CEO Meg Whitman pleaded for patience as she described operational challenges and other internal problems that contributed to a decline in earnings at one of the world's largest technology companies.

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Court Suspends iPad Trademark Ruling

February 23, 2012 2:18 pm | by The Associated Press

A lawyer representing Shenzhen Proview Technology, Ma Dongxiao, says Thursday that the court stopped proceedings, citing a pending case on the trademark fight in a higher court.

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Bankruptcy Judge Approves Solyndra Bonuses

February 23, 2012 2:15 pm | by The Associated Press

A judge approved close to $370,000 in bonuses for 20 employees of Solyndra, a solar panel manufacturer that received a half-billion dollar loan from the federal government before declaring bankruptcy.

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Germany To Cut Subsidies For Solar Power

February 23, 2012 2:11 pm | by Juergen Baetz, Associated Press

Germany plans to reduce government subsidies supporting solar power by up to 30 percent within a year because higher-than-expected demand has made the scheme far more costly than authorities initially expected.

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IN Steel Mill Thrives After Bankruptcy

February 23, 2012 2:07 pm | by The Associated Press

A steel mill that fell into bankruptcy a decade ago before being purchased by Steel Dynamics is thriving and being readied for a $76M expansion expected to boost its annual production to nearly 1 million tons of steel.

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Microsoft Hits Motorola, Google With EU Complaint

February 22, 2012 2:04 pm | by Gabriele Steinhauser, AP Business Writer

Microsoft lodged a formal complaint with the EU's competition regulator against Motorola Mobility and its soon-to-be owner Google, saying Motorola's aggressive enforcement of patent rights against rivals breaks competition rules.

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Community Colleges Offer Speed, High-Tech Skills

February 22, 2012 2:02 pm | by Justin Pope, AP Education Writer

Company president Kevin LaComb describes the school as concierge-style job training — exactly what his workers need to keep a quality advantage over lower-cost competitors overseas.

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Ford To Add $3.8B To Pension Plans

February 22, 2012 2:00 pm | by The Associated Press

Ford Motor Co. will pump $3.8 billion into its global pension plans this year as it tries to get them closer to fully funding their obligations.

Peugeot In Alliance Talks With GM

February 22, 2012 1:58 pm | by Greg Keller, AP Business Writer

PSA Peugeot Citroen is in talks over a possible alliance with General Motors, a deal that could dwarf France's leading car maker's existing partnerships with BMW, Mitsubishi, and Toyota.

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AT&T CEO Takes $2M Pay Cut Over T-Mobile Deal

February 22, 2012 1:55 pm | by Peter Svensson, AP Technology Writer

AT&T Inc.'s board cut CEO Randall Stephenson's 2011 pay by $2.08 million because he engineered the failed deal to buy T-Mobile USA, according to a regulatory filing.

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