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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

AOL To Sell More Than $1B In Patents To Microsoft

April 9, 2012 2:21 pm | by Barbara Ortutay, AP Technology Writer

Faltering Internet icon AOL was able to squeeze out more than $1B from Microsoft for a trove of some 800 patents in an auction, the latest sign of just how valuable such portfolios can be for the world's biggest technology companies.

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Judge Rules For DuPont On Kevlar Antitrust Claims

April 9, 2012 2:17 pm | by The Associated Press

The judge granted summary judgment to DuPont on antitrust claims that it tried to monopolize the high-strength synthetic fibers market.

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Boeing Receives Order From Russia's Transaero

April 9, 2012 2:16 pm | by The Associated Press

Boeing Co. has received an order from Transaero Airlines of Russia for four 787-8 aircraft, the company said Monday.

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EPA: Water Quality OK In PA Gas Town

April 9, 2012 2:09 pm | by The Associated Press

Testing at 20 more water wells in a community at the center of a debate over the safety of natural gas drilling shows no dangerous levels of contamination, according to an EPA report.

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Fuji Heavy To Shelve Plan For China Auto Plant

April 9, 2012 2:07 pm | by The Associated Press

While the envisioned entry to local production in China has been a pillar of Fuji Heavy's strategy, the Subaru maker has not been able to get a permission from the Chinese government, sources said.

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China Sets Up Rare Earths Industry Group

April 9, 2012 10:26 am | by Elaine Kurtenbach, AP Business Writer

China has set up a rare earths industry association to fend off trade complaints and help regulate the sector that is critical to global high-tech manufacturing.

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What's In A (Brand) Name?

April 9, 2012 10:25 am | by Mae Anderson, AP Business Writer

Apple is on the verge of doing what few others have: change the English language.

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Reports: Sony To Cut 10,000 Jobs

April 9, 2012 10:23 am | by The Associated Press

Sony Corp. will cut about 10,000 jobs worldwide over the next year as it tries to return to profit, Japanese news reports said Monday.

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Ford Recalls 140K Focus Cars For Wiper Problem

April 9, 2012 10:22 am | by The Associated Press

Ford is recalling more than 140,000 Focus compact cars because the passenger side windshield wiper can fail.

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Ex-Intel Worker Pleads Guilty To Design Theft

April 9, 2012 10:21 am | by The Associated Press

Federal prosecutors say an employee pleaded guilty to secretly downloading computer chip manufacturing and design documents from Intel Corp. while looking for a job elsewhere.

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New Owner To Restart VA Rubber Plant

April 9, 2012 10:19 am | by The Associated Press

The former Rubatex plant in Bedford could resume rubber production in a couple of months under a new owner.

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Nokia Town Faces Dim Future As Jobs Shift To Asia

April 6, 2012 2:01 pm | by Matti Huuhtanen, Associated Press

Salo — along with other Finnish towns inextricably linked to Nokia — is facing an uncertain future as Finland's most famous corporation shifts its mobile phone assembly to Asia.

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Chrysler Recalls Jeeps To Fix Gas Valves

April 6, 2012 2:00 pm | by The Associated Press

Chrysler is recalling about 1,700 small Jeeps because faulty gas tank valves can cause fires.

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U.S. Execs At Bailed-Out Firms Have Pay Cut

April 6, 2012 1:58 pm | by Derek Kravitz, AP Economics Writer

Top executives at three companies bailed out by U.S. taxpayers during the 2008 financial crisis were ordered to take pay cuts by the federal government.

Apple Lent Weight To Dividend Comeback In 1Q

April 6, 2012 1:56 pm | by Dave Carpenter, AP Personal Finance Writer

A dividend comeback that picked up speed last year got a jolt of new momentum recently when the biggest payer yet jumped on the bandwagon.

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Kyocera To Set Up Joint Venture In India

April 6, 2012 1:53 pm | by The Associated Press

Kyocera Corp. said it will set up a joint venture in India in June to make cutting tools for industrial uses such as manufacturing vehicle parts.

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Ford Increases Full-Year U.S. Sales Forecast

April 6, 2012 1:52 pm | by The Associated Press

Ford Motor Co. is raising its forecast for U.S. auto sales this year, citing improving consumer confidence, employment, and low interest rates.

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U.S. Economy Adds Jobs, Jobless Rate At 8.2 Percent

April 6, 2012 9:55 am | by Paul Wiseman, AP Economics Writer

The job market slowed in March as companies hit the brakes on hiring amid uncertainty about the economy's growth prospects.

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Toyota Sells 5M Units Under Global Vehicle Project

April 6, 2012 9:53 am | by The Associated Press

Under the Innovative International Multipurpose Vehicle project to develop and produce vehicles overseas to best suit local demand, Toyota created 330 variations of the vehicles using two vehicle platforms.

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Ferdinand Porsche, 911 Sports Car Designer, Dies

April 6, 2012 9:51 am | by David McHugh, AP Business Writer

Porsche CEO Matthias Mueller paid tribute to the 911 creator, saying in a statement that he "founded a culture of design in our company that distinguishes our sports cars even today."

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