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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Chiquita Rejects New $611M Takeover Bid

August 15, 2014 9:42 am | by The Associated Press

Banana distributor Chiquita Brands says it is rejecting the $611 million buyout offer from investment firm Safra Group and the Brazilian agribusiness and juice company Cutrale Group.                     

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Deere Announces Factory Layoffs

August 15, 2014 9:39 am | by Deere & Company

The action will place more than 600 employees at four locations on indefinite layoff. In addition, Deere is implementing seasonal and inventory adjustment shutdowns and temporary layoffs at several of the affected factories.          

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Ebola Puts Focus on Drugs Made in Tobacco Plants

August 15, 2014 9:35 am | by Malcom Ritter, AP Science Writer

It's an eye-catching angle in the story of an experimental treatment for Ebola: The drug comes from tobacco plants that were turned into living pharmaceutical factories.                         

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GE In Talks To Sell Historic Appliance Division

August 14, 2014 2:22 pm | by The Associated Press

General Electric confirmed that it is considering the sale of its historic appliance division as part of its effort to focus on selling more complex and more profitable industrial equipment.                 

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Briggs & Stratton Buying Maker of Light Towers

August 14, 2014 2:05 pm | by The Associated Press

Engine maker Briggs & Stratton Corp. is acquiring a Nebraska company that makes towable light towers, industrial heaters and solar-powered arrow boards.                            

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Cash for Carp: Illinois Company Tests Market

August 14, 2014 1:51 pm | by Jim Suhr, Associated Press

This company is the latest to venture into the small but growing business of carp-rendering, and their experiment offers another test of whether private enterprise can help reduce invasive species by turning them into food.        

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Cisco To Lay Off up to 6,000 Workers

August 14, 2014 1:33 pm | by The Associated Press

Cisco said Wednesday that it will lay off up to 6,000 workers, or 8 percent of its workforce, as part of a restructuring.                                     

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OSHA: Flammables Wrongly Put in Factory Oven Pre-blast

August 14, 2014 10:08 am | by The Associated Press

Federal safety officials say a worker wrongly put parts coated with flammable materials into an electric oven before it exploded at a Mersen USA plant in Pennsylvania, killing a visiting employee.                

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China Panel Fires Adviser Over Ties to Qualcomm

August 14, 2014 10:05 am | by Joe McDonald, AP Business Writer

A panel that advises China's Cabinet on anti-monopoly policy has fired an economist who was paid to help prepare a report for Qualcomm, a U.S. company that is the target of a pricing investigation, according to state media.          

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Apple Bans Use of 2 Chemicals in iPhone Assembly

August 14, 2014 10:00 am | by Michael Liedtke, AP Technology Writer, Associated Press

Apple is banning the use of two potentially hazardous chemicals during the final assembly of iPhones and iPads as part of the company's latest commitment to protect the factory workers who build its trendy devices.           

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Shell Sells Shale Gas Rights for $2.1B

August 14, 2014 9:41 am | by The Associated Press

Royal Dutch Shell says it has agreed to sell drilling rights in shale formations in Louisiana and Wyoming for $2.1 billion in two transactions.                                

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Walmart Cuts Profit Outlook

August 14, 2014 9:38 am | by Anne D'Innocenzio, AP Retail Writer

Wal-Mart Stores Inc. cut its annual profit outlook on Thursday as the world's largest retailer faced another quarter of sluggish sales and traffic declines.                           

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GE To Invest Billions in Africa's People, Infrastructure, Manufacturing

August 13, 2014 2:00 pm | by GE Reports

A few miles outside Durban, South Africa is the Bisasar Road landfill, Africa’s largest refuse site and a big source of renewable energy.                                 

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Natural Gas Plant in Western Ky. Canceled

August 13, 2014 1:43 pm | by The Associated Press

Kentucky Utilities and Louisville Gas & Electric have announced that plans for a natural gas power-generating plant in western Kentucky won't go forward.                           

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GM To Build $174M Stamping Facility in Lansing

August 13, 2014 1:35 pm | by The Associated Press

GM says the new facility will create or retain about 145 jobs at its Lansing Grand River Assembly Plant.                                         

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Kansas Plant Reopening After 'Pink Slime' Dispute

August 13, 2014 1:31 pm | by Roxana Hegeman, Associated Press

A shuttered Kansas processing plant that produced a treated ground beef product critics dubbed "pink slime" plans to reopen next week with limited operations amid rebounding sales, the company said Tuesday.             

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Land Rover Recalling Nearly 41,000 Vehicles

August 13, 2014 1:26 pm | by The Associated Press

Jaguar Land Rover North America is recalling nearly 41,000 vehicles because the front air bag on the passenger's side might not work properly in a crash.                            

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Kellogg Wants Suppliers To Report Carbon Emissions

August 13, 2014 10:31 am | by John Flesher, AP Environmental Writer

Kellogg said Wednesday it will step up efforts to reduce planet-warming emissions in its supply chain as part of a broader initiative designed to be more environmentally friendly.                     

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Deere Takes a Hit as Farm Economy Weakens

August 13, 2014 9:55 am | by The Associated Press

Deere's third-quarter profit fell 15 percent and the farming equipment maker believes that the same weak sales at home and abroad will cut into earnings for the entire year.                      

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Budget Deficit Running 24.2 Pct. Below 2013

August 13, 2014 9:38 am | by Martin Crutsinger, AP Economics Reporter

The Congressional Budget Office expects this year's deficit to total around $500 billion, down from $680.2 billion last year.                                   

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