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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Fed Reports How Much Recession Shrank U.S. Wealth

June 12, 2012 10:06 am | by Martin Crutsinger, AP Economics Writer

The Great Recession shrank Americans' wealth so much that in 2010 median family net worth was no more than it had been in 1992 after adjusting for inflation, the Federal Reserve reported Monday.


Factory Raids Reveal Child Labor Persists In India

June 12, 2012 10:04 am | by Katy Daigle, Associated Press

Police raids on factories in the Indian capital revealed dozens of migrant kids hard at work Tuesday despite laws against child labor.


GM CEO Hopeful Politicians Will Prevent Recession

June 12, 2012 10:03 am | by The Associated Press

Akerson says he's cautiously optimistic that U.S. political leaders will agree on an economic package to keep the country from tipping into a recession.


Apple Kicks Google Maps Off iPhone, Adds Facebook

June 12, 2012 10:01 am | by Michael Liedtke, Peter Svensson, AP Technology Writers

Apple is escalating the feud between two of the world's most influential companies by dumping Google's mapping service as a built-in feature on most iPhones and iPads.


Sector Snap: Steel Shares Slide

June 12, 2012 9:59 am | by The Associated Press

Shares of steel companies fell Monday on investor concerns that industry conditions will worsen as steel prices fall and demand for the metal slows in a weakening economy.


Iraq Awards Contracts For Oil Pipeline Factories

June 12, 2012 9:57 am | by The Associated Press

Iraq awarded contracts worth nearly $300M to Indian and Danish firms to set up factories to manufacture oil and gas pipelines, an official said.

2011 Sees Record Investments In Renewable Energy

June 11, 2012 2:07 pm | by Frank Jordans, Associated Press

Global investment in renewable energy reached a record of $257B last year, with solar attracting more than half the total spending, according to a U.N. report.


Airbus: No Interest In Boeing's KS Facility

June 11, 2012 2:04 pm | by Roxana Hegeman, Associated Press

An Airbus official says the Boeing's decision to close its Wichita plant will likely have a favorable impact on Airbus operations.


China's Auto Market Revved Up In May

June 11, 2012 2:02 pm | by The Associated Press

China's auto market revved to life in May despite the weakening economy, with vehicle sales jumping nearly 16 percent from a year earlier to 1.61 million units, industry figures showed.


Yamaha Motor Aims To boost Marine Sales

June 11, 2012 2:00 pm | by The Associated Press

Motorcycle manufacturer Yamaha Motor said it is aiming to boost global sales in marine business such as outboard motors and boats by about 70 percent.


Century Aluminum To Buy Zalco Anode Facility

June 11, 2012 1:59 pm | by The Associated Press

Century Aluminum will spend $12.5M in cash to acquire a Dutch production facility that belonged to the former Zeeland Aluminum.

No Elegant Technical Fix For Distracted Driving

June 11, 2012 1:58 pm | by Peter Svensson, AP Technology Writer

As "smart" as today's phones are, they can't compensate for human folly.


Canadian Tech Town Feels BlackBerry's Decline

June 11, 2012 10:11 am | by Rob Gillies, Associated Press

With more than $2B in cash, bankruptcy for RIM seems unlikely in the near term, but these are troubling times for Canada's Silicon Valley.


Chrysler Adds 2 Model Years To Liberty Recall

June 11, 2012 10:09 am | by The Associated Press

The NHTSA says on its website that lower control arms in the rear suspension can rust and break, possibly causing a crash.


American Crystal, Union Reps Remain Deadlocked

June 11, 2012 10:07 am | by The Associated Press

American Crystal Sugar leaders and union representatives aren't making progress on contract talks in a dispute that has locked out workers and dragged on for 10 months.


Layoffs Start At Sparrows Point Steel Mill

June 11, 2012 10:06 am | by The Associated Press

A union leader says layoffs have begun at Sparrows Point with the steel mill's owner shutting down the blast furnace.


Plastics Company Nears Reopening Of IN Plant

June 11, 2012 10:05 am | by The Associated Press

Officials expect a plastic packaging manufacturer to start production this summer at a former Indiana auto-parts factory that closed six years ago.


Police: Thief Stole 400K Toothpicks In Georgia

June 11, 2012 10:03 am | by The Associated Press

Police in Georgia are trying to figure out who stole about 400,000 toothpicks worth nearly $3,000 from a manufacturer in Athens.

Stocks Fall As Fed Chief Disappoints On Stimulus

June 8, 2012 2:05 pm | by Colleen Barry, AP Business Writer

Ben Bernanke avoided giving any signals about what the Fed might do in response to a slowdown in hiring.


ArcelorMittal Begins Demolitions In Weirton

June 8, 2012 2:04 pm | by The Associated Press

Weirton's landscape will undergo a major change as ArcelorMittal demolishes idle facilities in preparation for future sale.



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