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Daily industrial news and top headlines for plant and maintenance managers

LG To Appeal Ruling That Imports Hurt U.S. Business

May 13, 2011 9:44 am

WASHINGTON (AP) — LG Electronics Inc. said Friday that it will contest a finding that U.S. rivals such as Whirlpool Corp. are being hurt by imports of bottom-mount refrigerators from South Korea and Mexico. The U.S. International Trade Commission said on Friday that there is a "reasonable indication" that the U.

Who Will Buy Out Tyco International?

May 13, 2011 9:34 am

NEW YORK (AP) — Shares of Tyco International Ltd. rose in Friday trading after a news report said a potential buyer is speaking to private equity firms about partnering on bid for Tyco. THE SPARK: According to the New York Post, France-based Schneider Electric has contacted buyout firms about putting together a bid that could offer $30 billion or more for Tyco, which owns ADT security and a series of other fire protection and industrial companies.

ITC Rules Against Apple In Kodak Patent Claims

May 13, 2011 9:25 am | by Ben Dobbin, AP Business Writer

ROCHESTER, New York (AP) — Shares of Eastman Kodak Co. shot higher Friday after a judge at the U.S. International Trade Commission rejected Apple Inc.'s digital-camera patent claims against the photography pioneer. Kodak's technology does not infringe on Apple's patent rights, and one of the two patents in dispute is invalid, Robert Rogers Jr.

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GM To Invest $109 In Flint, Bay City Factories

May 13, 2011 9:22 am

DETROIT (AP) — General Motors says it will invest $109 million in two Michigan operations, keeping or creating 96 jobs. The investment will fund production of engines for the Chevrolet Cruze compact and Volt electric car. GM says the money is part of a $2 billion investment announced earlier this week that will create or keep more than 4,000 jobs at 17 GM facilities in eight states.

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Chrysler Moves Usual Summer Shut-Downs To June

May 13, 2011 5:07 am

DETROIT (AP) — Chrysler is moving its normal summer shutdowns at three factories into June from the usual July closings because of parts shortages from the earthquake in Japan. The company says its pickup truck plant in Warren, Mich., and its Toledo, Ohio, North assembly plant will be idled the weeks of June 20 and 27.

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U.S. Army Spents $24 Million On N.J.-Built Choppers

May 13, 2011 4:58 am

MILLVILLE, N.J. (AP) — Officials in a southern New Jersey town are pleased a lucrative military contract will not fly away. The Army will spend an additional $23.7 million with Boeing to continue modifying Chinook helicopters at Millville Airport in Cumberland County through April 2012. The Millville facility opened last year.

Historic Microsoft Antitrust Settlement Fades Away Quietly

May 13, 2011 4:55 am | by Joelle Tessler, AP Technology Writer

WASHINGTON (AP) — The technology industry advances at lightning speed. So perhaps it's no surprise that the expiration of the Justice Department's historic antitrust settlement with software giant Microsoft is passing with little fanfare Thursday. In an age of Apple iPhones, Google Web searches and Facebook friends, Microsoft Corp.

Treasury Dept. Looking To Sell Share In GM

May 13, 2011 4:41 am | by Martin Crutsinger, AP Economics Writer

WASHINGTON (AP) — The Treasury Department will hold off on further sales of the stock it owns in General Motors Co. until August at the earliest, according to two people with direct knowledge of the GM situation. These people said Thursday that Treasury will not start selling shares until after the automaker reports its second-quarter results which is expected to occur in mid-August.

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Nissan Boosts U.S. Efforts To Prevent Japan-Like Disaster

May 13, 2011 4:38 am | by Yuri Kageyama, AP Business Writer

TOKYO (AP) — Nissan is hoping to steal U.S. sales from its Japanese rivals, who have been harder hit by the March 11 earthquake and tsunami in Japan. In a memo sent Thursday to dealers, Nissan North America Vice President Al Castignetti said Nissan is in a "much healthier position" than Toyota Motor Corp.

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Chinese Automakers Shy Away From Rescuing Saab

May 13, 2011 4:35 am | by Elaine Kurtenbach, AP Business Writer

SHANGHAI (AP) — Prospects for a rescue for struggling Saab Automobile remained uncertain Friday as several Chinese automakers brushed off reports they were in talks with the Swedish car company after an earlier financing deal fell through. News that a $233 million (euro 150 million) deal between Spyker Cars NV, which bought Saab from General Motors Corp.

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Porsche Considers Moving N.A. Headquarters To Atlanta

May 12, 2011 9:11 am

ATLANTA (AP) — Porsche Cars North America said Thursday it plans to consolidate several of its U.S. operations at a new $100 million complex being planned in the Atlanta area, where it already has headquarters. The German luxury automaker said the complex, to be built near the new International Terminal at Hartsfield-Jackson Atlanta International Airport, will include a road course allowing potential customers to take luxury cars for a spin.

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N.Y. Chives Recalled For Possible Listeria Contamination

May 12, 2011 9:04 am

NEW HAMPTON, N.Y. (AP) — Federal food safety authorities say chives distributed in nine states by an upstate New York company are being recalled because of possible Listeria contamination. The Food and Drug Administration says the chives from Goodness Gardens Inc. of New Hampton were sold primarily through retailers in New York, New Jersey, Connecticut, Massachusetts, Pennsylvania, Maryland, Alabama, Illinois and Virginia.

Business Inventories Grow For 15th Straight Month

May 12, 2011 8:25 am | by Martin Crutsinger, AP Economics Writer

WASHINGTON (AP) — Businesses added to their stockpiles for a 15th straight month in March while their sales rose for a ninth consecutive month, suggesting factory production will remain strong in coming months. The Commerce Department reported Thursday that businesses increased inventories 1 percent in March while sales rose an even larger 2.

Continental Tires Announces 440 New Jobs In Ill.

May 12, 2011 8:23 am

MOUNT VERNON, Ill. (AP) — The maker of Continental and General brand tires says it's investment of $224 million into its southern Illinois plant will mean more than 440 new jobs. Continental Tires the Americas made the announcement at its Mount Vernon factory, saying the full-time jobs will be added over the next three years.

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Mulally: No Chance Of Leaving Ford

May 12, 2011 7:55 am

WILMINGTON, Del. (AP) — Ford Motor Co. CEO Alan Mulally says hasn't given any thought to stepping down. Mulally's comments came in a brief meeting with reporters after Ford's annual shareholders meeting in Wilmington, Del. The 65-year-old chief executive was hired away from Boeing Co. in 2006 to rescue Ford, which at the time was struggling near the brink of bankruptcy.

Saab In Peril As Emergency Chinese Investment Terminated

May 12, 2011 7:52 am | by Malin Rising, Associated Press

STOCKHOLM (AP) — Struggling car maker Saab Automobile faced renewed uncertainty Thursday as the financing deal with China's Hawtai Motor Group fell apart, raising fresh concerns about the company's future. Spyker Cars NV, which bought Saab from General Motors Corp. in 2010, said it was "forced to terminate" the $223 million (euro150 million) agreement with Hawtai since the Chinese company was not able to obtain all the necessary consents, including approvals from different shareholders.

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U.S. Exports Reach Two-Decade High Despite Deficit

May 11, 2011 9:29 am | by Christopher S. Rugaber, AP Economics Writer

WASHINGTON (AP) — U.S. companies in March sold the most goods and services overseas in nearly two decades. But a big jump in oil prices pushed the nation's trade deficit higher. The trade deficit rose 6 percent to $48.2 billion, the Commerce Department said Wednesday. That's the highest level since June 2010.

Toyota: U.S. Production To Hit 70 Percent In June

May 11, 2011 9:17 am

DETROIT (AP) — Toyota Motor Corp. says North American production will rise to 70 percent of normal in June as the company begins to recover from parts shortages caused by the earthquake in Japan. The company cut production to about 30 percent of normal in May by idling factories for several days or reducing their hours.

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Job Openings Rise To Highest Levels Since Sept. 2008

May 11, 2011 9:06 am | by Christopher S. Rugaber, AP Economics Writer

WASHINGTON (AP) — Companies in March advertised the most jobs since the peak of the 2008 financial crisis, a sign that hiring is likely to remain healthy in the months ahead. Job openings rose by 99,000 to 3.1 million in March, the Labor Department said Wednesday. That's the highest level of openings since September 2008 and the second straight monthly increase.

Organic Food, 700 Jobs Coming To South Carolina

May 11, 2011 9:04 am

GREENVILLE, S.C. (AP) — The California-based organic frozen food producer Amy's Kitchen is coming to South Carolina with $63 million for a new plant and 700 jobs over six years, officials announced Wednesday. Gov. Nikki Haley hailed the development as a major economic win for the region and the state as a whole.

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