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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Price of Oil Takes Another Sharp Drop

November 14, 2014 9:46 am | by Jonathan Fahey, The Associated Press

The price of oil took another sharp tumble as it appeared increasingly unlikely that OPEC members will cut production to reverse a plunge that is entering its fifth month.                    

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Cold Front Helps Wake up Wheat and Corn Prices

November 14, 2014 9:40 am | by Steve Rothwell, The Associated Press

Wheat prices are surging this week as temperatures plunge in the U.S. Plains states and after a government report showed domestic supplies slipped.                             

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Baker Hughes Talks About Possible Merger With Halliburton

November 14, 2014 9:31 am | by The Associated Press

Oilfield-services provider Baker Hughes Inc. said it is in talks with rival Halliburton Co. about a potential merger.                                    

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Honda Widens Air Bag Recall

November 13, 2014 1:52 pm | by The Associated Press

Japanese automaker Honda Motor Co. expanded its recalls related to defective air bags on Thursday, saying a driver in Malaysia died in an air bag-linked accident earlier this year.                    

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Monsanto To Pay Pacific Northwest Wheat Farmers

November 13, 2014 1:44 pm | by Sarah Skidmore Sell, The Associated Press

Monsanto Co. said Wednesday it will pay nearly $2.4 million to settle a dispute with farmers in the Pacific Northwest over genetically modified wheat.                             

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Dutch to Test Solar Panels on Bicycle Path

November 13, 2014 1:33 pm | by Toby Sterling, The Associated Press

A project dubbed "SolaRoad" gets underway in the Netherlands this week, testing roadways as a potential canvas to collect solar energy. Fittingly for the cycle-crazy Dutch, the first SolaRoad is a bike path not far from Amsterdam.     

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U.S. Companies Hire at Fastest Pace in 7 Years

November 13, 2014 1:21 pm | by Christopher Rugaber, The Associated Press

U.S. companies ramped up hiring in September, and more Americans were confident enough to quit their jobs — two signs of a steadily improving economy. The number of available jobs declined but remained at a healthy level.         

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U.S. Drivers Should Get Used to Cheap Gas

November 13, 2014 10:53 am | by Jonathan Fahey, The Associated Press

Those low gas prices on station signs aren't going away soon, the government says.                                                

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China Must Change Economy to Meet Climate Targets

November 13, 2014 10:40 am | by Jack Chang, The Associated Press

Chinese leaders pledged for the first time to cap the country's decades-long growth of greenhouse gas emissions. Fulfilling its pledge, however, will require China to transform a booming economy that still largely depends on polluting industries such as steel production and manufacturing.

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Virgin Galactic Pilot Unaware Co-Pilot Unlocked Brake

November 13, 2014 10:00 am | by Justin Pritchard, The Associated Press

The pilot of the Virgin Galactic spaceship that tore apart over the Mojave Desert didn't know his co-pilot had prematurely unlocked its brakes, though protocol for the test flight required the co-pilot to announce the step, federal investigators said.

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NC Employers Avoid More Federal Unemployment Taxes

November 13, 2014 9:51 am | by The Associated Press

North Carolina businesses won't have to pay even higher unemployment insurance taxes beyond what's required while the state still owes the federal government money to pay jobless benefits during the Great Recession.          

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U.S. Cutting Tool Consumption Up 4.6 Percent in September

November 13, 2014 9:46 am | by The Association for Manufacturing Technology

September U.S. cutting tool consumption totaled $176.5 million, according to the U.S. Cutting Tool Institute and AMT – The Association for Manufacturing Technology.                         

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Company Fined $47K for Exposing Workers to Amputation, Electric Shock Hazards

November 13, 2014 9:38 am | by OSHA

Service and maintenance machine workers at Good Old Days Foods Inc. are being exposed to amputation and electric shock hazards due to a lack of machine guarding and lockout/tagout procedures.                 

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Applications for Unemployment Benefits Climb to 290K

November 13, 2014 9:33 am | by Josh Boak, The Associated Press

More people sought U.S. unemployment benefits last week, but the increase wasn't sharp enough to disrupt the job market's positive momentum.                               

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Berkshire Buying Duracell in a $3B Deal

November 13, 2014 9:25 am | by Josh Funk, The Associated Press

Warren Buffett's Berkshire Hathaway Inc. is buying the Duracell battery business from Procter & Gamble Co. in a deal valued at approximately $3 billion.                           

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GM: Parts Ready to Fix SUVs That Can Catch Fire

November 12, 2014 2:21 pm | by Tom Krisher, The Associated Press

For the owners of 189,000 General Motors SUVs, the days of parking them outside the garage for fear that they could catch fire will soon come to an end. The company said it will start notifying customers this week that they can take their SUVs to dealers, who will replace faulty power window switches.

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'America's Oldest Gunmaker' Lays Off 126 More Workers

November 12, 2014 2:15 pm | by The Associated Press

A New York state lawmaker says another 126 workers at the Remington Arms manufacturing plant in the Mohawk Valley are being laid off.                                 

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GE To Build Advanced Manufacturing Facility in Pennsylvania

November 12, 2014 2:10 pm | by Business Wire

GE has announced that it will build a new manufacturing facility to drive innovation and implementation of advanced manufacturing technologies across GE.                           

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U.S.-China Trade Deal Could End Fees on $1T in Tech Sales

November 12, 2014 12:38 pm | by Marley Jay, The Associated Press

A trade deal between the U.S. and China could end tariffs on $1 trillion in global sales of semiconductors, MRI machines, GPS devices, printer ink cartridges, video game consoles and other high-tech items.             

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U.S. Wholesale Stockpiles Up

November 12, 2014 10:56 am | by The Associated Press

U.S. wholesale businesses posted a modest gain in their stockpiles in September as sales rebounded from a big decline the previous month.                                 

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