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Daily industrial news and top headlines for plant and maintenance managers

Economic Forum Analysts: China No Longer "Developing"

January 26, 2011 3:27 am

DAVOS, Switzerland (AP) — It may be time to stop referring to China, the world's second-biggest economy after the U.S., as an emerging nation and focus on creating jobs now that the global recovery appears to have gotten a toehold. That's what top business leaders, politicians and social activists discussed, among other issues, on the first day of the World Economic Forum on Wednesday.

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Boeing Wins $1.6B Navy Contract

January 26, 2011 3:18 am

SEATTLE (AP) — Boeing Co. won a $1.6 billion to build the P-8A Poseidon aircraft for the U.S. Navy. The company said Tuesday the contract calls for the delivery of six of the aircraft, along with spares, logistics and training devices. Boeing said the Navy ultimately plans to buy 117 of the 737-based aircraft, which are used for anti-submarine warfare, anti-surface warfare, intelligence, and surveillance.

Toyota Recalls 1.7 Million Vehicles

January 26, 2011 3:10 am

TOKYO (AP) — Toyota recalled nearly 1.7 million cars worldwide Wednesday for fuel leaks, the latest in a ballooning number of quality problems that could add another dent to its tarnished reputation in the crucial U.S. market. Toyota's latest recalls are mostly in Japan, but they also include the IS and GS Lexus luxury models in North America, where the world's No.

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Get A Free Gift Card With Your MISUMI Purchase

January 25, 2011 9:33 am

MISUMI USA , Inc. (Schaumburg, IL), a subsidiary of MISUMI Corporation, part of MISUMI Group, Inc. , is pleased to kick off 2011 with a special promotional offer to first-time purchasers of products from the company’s new 2011 Metric Components e-Catalog.  Patrick Esposito, Marketing Manager for MISUMI USA, Inc.

Kodak Loses Major Patent Suit Against Apple, RIM

January 25, 2011 3:50 am | by Ben Dobbin, AP Business Writer

ROCHESTER, N.Y. (AP) — Eastman Kodak Co. lost a crucial opening round Monday in a high-stakes patent dispute over whether iPhones and BlackBerry camera phones infringe on its digital-imaging technology. The U.S. International Trade Commission in Washington said in a preliminary ruling that Apple Inc.

China Insists Stealth Technology Is Home-Made

January 25, 2011 3:39 am | by Christopher Bodeen, Associated Press

BEIJING (AP) — An official Chinese newspaper on Tuesday dismissed a report that the country used technology taken from a downed U.S. airplane in its own stealth fighter program. Chinese officials this month staged the first-known test flight of the J-20 prototype stealth fighter that could one day challenge American air superiority.

It's Earnings Season: 3M, J&J, Siemens, DuPont

January 25, 2011 3:37 am | by Samantha Bomkamp, AP Transportation Writer

3M profit dips in 4Q, lifts forecast for 2011  NEW YORK (AP) — 3M Co. on Tuesday raised its profit expectations for the new year, saying research and investments in new products are paying off. 3M said net income dipped slightly in the last quarter of 2010 because of higher costs.

Harley Considers $47 Million Loss 'Strong Progress'

January 25, 2011 3:27 am

MILWAUKEE (AP) — Harley-Davidson Inc. cut its fourth-quarter loss, getting a ride from a restructuring and a strong performance from its financial services unit even as motorcycle sales slumped. The Milwaukee company on Tuesday reported a net loss of $46.8 million, or 20 cents per share, a vast improvement over the $218.

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GM Fights To Take Back World's No. 1 Title

January 25, 2011 3:23 am | by Tom Krisher, AP Auto Writer

FLINT, Mich. (AP) — General Motors has a shot at being No. 1 again. The resurgent automaker reported Monday that its worldwide sales last year came within 30,000 of beating Japanese rival Toyota, which took a big hit because of safety recalls. GM is hiring, producing more and basking in a better reputation for quality.

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Stealth Bomber Engineer Gets 32 Years For Selling Secrets

January 25, 2011 3:18 am | by Audrey McAvoy, Associated Press

HONOLULU (AP) — A former B-2 stealth bomber engineer was sentenced to 32 years in prison Monday for selling military secrets to China in the latest of several high-profile cases of Chinese espionage in the U.S. Chief U.S. District Judge Susan Oki Mollway said Noshir Gowadia, 66, would likely be in his late 80s by the time he is released if he gets credit for good behavior in prison.

Toyota Opens Two More U.S. Quality Control Offices

January 24, 2011 3:48 am

TORRANCE, Calif. (AP) — Toyota Motor Sales has opened two more U.S. product quality field offices, more than a year after safety-related product recalls bruised the company's reputation for building safe, reliable cars. The offices, located in Houston and Jacksonville, Fla., will put more Toyota researchers in the field, helping the Japanese auto giant detect and address quality problems, the company said.

China's Stealth Fighter Could Use Stolen U.S. Technology

January 24, 2011 3:45 am | by Susan Stojanovic and Slobodan Lekic, Associated Press

BRUSSELS (AP) — Chinese officials recently unveiled a new, high-tech stealth fighter that could pose a significant threat to American air superiority — and some of its technology, it turns out, may well have come from the U.S. itself. Balkan military officials and other experts have told The Associated Press that in all probability the Chinese gleaned some of their technological know-how from an American F-117 Nighthawk that was shot down over Serbia in 1999.

2011 Hiring Plans Most Positive In More Than A Decade

January 24, 2011 3:38 am | by Daniel Wagner, AP Business Writer

WASHINGTON (AP) — Industry economists say the U.S. economic recovery is gaining strength, with more firms expressing positive hiring plans than in over a decade. A new survey from the National Association for Business Economics finds that economists are more hopeful about overall economic growth, the job market and demand for companies' products and services by many measures than they have been since the start of the Great Recession.

Obama: Freer Trade Will Boost Our Economy

January 24, 2011 3:33 am | by Darlene Superville, Associated Press

WASHINGTON (AP) — President Barack Obama pitched freer trade as a prescription for U.S. job growth Saturday and said the nation must spare no effort to open markets abroad. Warming up for a State of the Union address that is expected to focus on jobs and the economy, Obama said in his weekly radio and Internet address Saturday that getting access to foreign markets is the reason he met China's President Hu Jintao at the White House in the past week.

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California Bans The Century-Old Incandescent Bulb

January 24, 2011 3:31 am | by Noaki Schwartz, Associated Press

LOS ANGELES (AP) — The brightest bulb in most homes for more than a century is fading toward darkness this year as California turns out the light on the century-old incandescent. Beginning Jan. 1, the state began phasing out certain energy-sucking bulbs, federal standards the rest of the country will enact next year.

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GM To Hire 650, Export $900 Million In Goods To China

January 24, 2011 3:27 am | by Dee-Ann Durbin, AP Auto Writer

DETROIT (AP) — General Motors Co. will add a shift and more than 650 jobs at its assembly plant in Flint where it makes the hot-selling GMC Sierra and Chevrolet Silverado pickup trucks, a person familiar with the plan said Saturday. The move is yet another sign that truck sales are on the rise for the recovering automaker.

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Obama Shows Off Economic Successes, Friendship With GE

January 21, 2011 4:00 am | by Jim Kuhnhenn, Associated Press

WASHINGTON (AP) — President Barack Obama wants to cast some light on economic success stories in the shadows of a slow recovery. And he is looking to find some more. On Friday, the president travels to Schenectady, N.Y., birthplace of the General Electric Co., to showcase a new GE deal with India and announce a restructured presidential advisory board to focus on increasing employment and competitiveness.

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Google's 'Adult Supervision' Steps Aside

January 21, 2011 3:52 am | by Michael Liedtke, AP Technology Writer

SAN FRANCISCO (AP) — Eric Schmidt, a technology veteran brought in as Google Inc.'s "adult supervision" a decade ago, is relinquishing the CEO job to Larry Page, one of the prodigies who co-founded the company behind the Internet's dominant gateway. The surprise shake-up announced Thursday appears to be driven by Schmidt's desire to tackle other challenges as much as Page's personal ambition.

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Dwindling Demand Leads To 1,100 Boeing Job Cuts

January 21, 2011 3:39 am

LONG BEACH, Calif. (AP) — Dwindling domestic demand for C-17 cargo planes will force Boeing Co. to slash 1,100 jobs at its U.S. plants, most of them in Long Beach where the aerospace giant has cut 13,000 jobs since the 1990s, the company said Thursday. The 900 jobs in Long Beach and 200 jobs at plants in Mesa, Ariz.

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Mitsubishi Plans New Car To Keep Normal Plant Alive

January 21, 2011 3:35 am | by David Mercer, Associated Press

Mitsubishi Motors North America plans to produce a new model at its plant in Normal, Ill., extending the life of the facility just a month after employees agreed to lower wages the company said were needed to keep it open. Mitsubishi announced the plans as part of new, global business plan aimed at revitalizing the troubled Japanese automaker.

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