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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Lockheed Martin To Settle Suit

December 17, 2014 1:55 pm | by Jim Suhr, The Associated Press

Lockheed Martin Corp. has agreed to settle a class-action lawsuit accusing the aerospace and defense company of mismanaging the investment accounts of its employees and retirees.                     

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Senate Approves New Auto Safety Chief

December 17, 2014 1:51 pm | by Joan Lowry, The Associated Press

The Senate confirmed a new administrator to lead the government's auto safety agency, which faces complaints that regulators bungled two high-profile recalls involving faulty ignition switches and exploding air bags.         

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Russia's Sinking Economy Becoming a Global Threat

December 17, 2014 1:48 pm | by Josh Boak, The Associated Press

Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy.                                    

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U.S. Consumer Prices Decrease in Nov.

December 17, 2014 10:10 am | by Josh Boak, The Associated Press

Plunging gasoline costs pulled U.S. consumer prices lower in November, muting inflation across the entire economy.                                       

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U.S. Deficit Rises to $100.3B

December 17, 2014 10:02 am | by Josh Boak, The Associated Press

The U.S. current account trade deficit widened slightly in the July-September quarter, largely due to foreign institutions paying less in fines and penalties to the U.S. government.                   

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Boeing 737 Factory to Move to Clean Energy

December 17, 2014 9:52 am | by Phuong Le, The Associated Press

Boeing said it plans to buy renewable energy credits to replace fossil-fuel power at the factory in Washington state where it assembles its 737 commercial airplanes.                         

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State Approves $12.5M in Grants for Pork Processing Plant

December 17, 2014 9:41 am | by The Associated Press

The Michigan Strategic Fund has approved $12.5 million in grants to support the construction of a 550,000-square-foot pork processing facility.                               

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How Many American Homes Can Boeing's New Jet Power?

December 16, 2014 2:43 pm | by GE Reports

GE Aviation has spent the last two decades developing smarter, lighter and more efficient electrical and computer systems for military and passenger planes. The business unit just won a major order to supply electrical power technology and avionics systems to Boeing’s family of new 777X wide-body aircraft, which is currently in development.

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MC Industrial To Construct Boeing Composite Facility Expansion

December 16, 2014 2:11 pm

St. Louis-based MC Industrial, Inc., an independent McCarthy company, has been chosen to construct Boeing’s new 367,000-square-foot composite center on its St. Louis campus.                      

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Study Shows Your All-Electric Car May Not Be So Green

December 16, 2014 2:02 pm | by Seth Borenstein, The Associated Press

People buying all-electric cars where coal supplies the power may think they are helping the environment. But a new study says those plug-in vehicles can be making the air dirtier and worsening global warming.           

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Portucel, S.A. Invests $110M in New Greenwood Facility

December 16, 2014 10:43 am | by South Carolina Department of Commerce

An industrial company is establishing operations in Greenwood County, S.C. to convert forest matter into wood pellets. Portucel, S.A.’s investment of $110 million is expected to create 70 new jobs.               

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Survey: Chinese Manufacturing Decreased in December

December 16, 2014 10:22 am | by Kelvin Chan, The Associated Press

Chinese manufacturing contracted in December for the first time in seven months in another sign the slowdown in the world's No. 2 economy is quickening, according to a survey of factories released Tuesday.             

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Powdered Alcohol? Not so Fast, Lawmakers Say

December 16, 2014 10:08 am | by Ivan Moreno, The Associated Press

 Powdered alcohol hasn't even arrived in stores yet, but states already are moving to ban the product touted by its inventor as an easy way to mix a drink on the go.                       

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U.S. Household Gasoline Expenditures Nearing 11 Year Low

December 16, 2014 9:54 am | by U.S. Energy Information Administration

The average U.S. household is expected to spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years.                 

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Why Oil is Down by Half, What it Means for You

December 16, 2014 9:32 am | by Jonathan Fahey, The Associated Press

The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing.         

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Alcoa Buying Tital to Help Expand Aerospace Unit

December 15, 2014 2:20 pm | by The Associated Press

Alcoa is buying a titanium and aluminum structural castings company, Tital, to help expand its global aerospace business.                                     

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Former Muncie Chevy Plant Workers Compile History

December 15, 2014 2:11 pm | by Keith Roysdon, The Star Press

Grobey and Dawson have become the unofficial historians of the Muncie plant. Dawson collected thousands of photographs and documents covering the history of the General Motors transmission plant, in its various names and incarnations, from the years when it employed more than 3,000 people to its final days.

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14 Cities Receive Bloomberg 'Innovation Team' Grants

December 15, 2014 2:03 pm | by Jennifer Peltz, The Associated Press

Fourteen cities ranging from Long Beach, California, to Jerusalem are getting up to $3 million from former New York City Mayor Michael Bloomberg's foundation to create "innovation teams" to jump-start new approaches to poverty, public safety, job growth and other issues, the foundation announced Monday.

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UAW Head: Companies Can Raise Pay, Be Competitive

December 15, 2014 1:54 pm | by The Associated Press

United Auto Workers President Dennis Williams says he's not buying the Detroit Three automakers' argument against wage increases for longtime workers.                             

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Death Toll From GM Ignition Switches Rises to 42

December 15, 2014 1:51 pm | by The Associated Press

At least 42 people have died and 58 have been injured in crashes involving General Motors cars with defective ignition switches.                                   

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