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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Intel Seeks Dismissal Of Claims In Antitrust Suit

October 28, 2011 4:36 am

WILMINGTON, Del. (AP) — Attorneys for Intel Corp. asked a federal judge in a hearing in Delaware Thursday to dismiss several claims in an antitrust lawsuit filed against the computer chip maker by New York state's attorney general. The lawsuit, filed in November 2009, alleges that Intel paid billions of dollars in kickbacks to computer makers in order to dominate the market for microprocessors, and that it retaliated against manufacturers who did too much business with its competitors, particularly Advanced Micro Devices Inc.

Moody's Upgrades Ford, GM Debt Ratings

October 28, 2011 4:33 am

DETROIT (AP) — Moody's Investors Service raised the corporate debt ratings for General Motors Co. and Ford Motor Co. on Thursday, citing new labor agreements and improvements in their finances. The ratings were raised from "Ba2" to "Ba1," which is one notch below investment grade.

Chinese Companies In Tentative Deal To Buy Saab

October 28, 2011 4:26 am

STOCKHOLM (AP) — Two Chinese companies have reached a tentative deal to take over struggling car maker Saab for euro100 million ($141 million), the company's owner Swedish Automobile said Friday. The move by Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co.

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Goodyear Reports All-Time Record Quarterly Sales, Earnings

October 28, 2011 4:19 am

AKRON, Ohio, Oct. 28, 2011 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NYSE: GT) today reported that its third quarter 2011 sales and earnings were the best in its history.  Quarterly net sales exceeded $6 billion for the first time ever. "I am very pleased with our performance," said Richard J.

Spanish Company Plans NC Plant

October 27, 2011 8:32 am

GASTONIA, N.C. (AP) — A Spanish manufacturer of plastic packaging for cosmetic, food and pharmaceutical customers plans to open a Gaston County plant and hire about 130 workers in the next four years. Gov. Beverly Perdue's office said Wednesday that CTL Packaging will pay an average wage of more than $42,000 a year plus benefits.

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Economy Grew In Q3 As Consumers Rebound

October 27, 2011 8:30 am | by Martin Crutsinger, AP Economics Writer

WASHINGTON (AP) — The U.S. economy grew modestly over the summer after nearly stalling in the first six months of the year, lifted by stronger consumer spending and greater business investment. The Commerce Department said Thursday that the economy expanded at an annual rate of 2.

RIM Delays Release Of New Tablet Software

October 27, 2011 8:28 am | by Rob Gillies, Associated Press

TORONTO (AP) — Research In Motion said it is delaying the launch of an upgraded operating system for its struggling PlayBook computer tablet until February 2012, yet another setback for a tarnished company struggling to compete with Apple. David Smith, RIM's senior vice president, said in a post on the company's blog late Tuesday that the new version of the operating system isn't up to its standards at this point.

Steel Worker Hit With 25-ton Girder

October 27, 2011 8:23 am

LINDON, Utah (AP) — A steel worker has been critically injured at a plant in Lindon, Utah, after a 25-ton steel girder hit him. The Daily Herald of Provo reports (http://bit.ly/u5Umd4 ) the accident happened when the girder fell Tuesday night. Lindon Police Chief Cody Cullimore (CULL'-ah-more) says the man has several broken ribs, damaged vertebrae and possibly a punctured lung.

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Toyota To Cut Output In 7 Nations On Thai Flooding

October 27, 2011 8:21 am

Toyota Motor Corp. said Thursday it will reduce vehicle output in Japan, the United States and five other countries for six days from next Monday as flooding in Thailand could hamper the supply of auto parts. The leading automaker said it will slash production next week in the seven countries, following the halt of operations at its three factories in Thailand since Oct.

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Chrysler Posts 3Q Profit, Passes Labor Deal

October 27, 2011 8:18 am | by Dee-Ann Durbin, Tom Krisher, AP Auto Writers

DETROIT (AP) — Rising sales and higher prices helped push Chrysler Group LLC back into the black in the latest quarter, another sign that the once-troubled company is turning around under its new Italian management. The Auburn Hills, Michigan-based Chrysler reported Thursday that its net income was $212 million for the July-September period, its second quarterly profit this year and only the second since 2006.

CA Startup To Create 1,200 Indy Jobs

October 26, 2011 9:15 am

INDIANAPOLIS (AP) — Reports say a California startup company will create more than 1,000 jobs in Indianapolis LiTEBOX Inc. chief executive Bob Yanagihara told the Indianapolis Business Journal and WRTV-TV on Tuesday that his company expects to hire 1,200 employees, mostly at a 125,000-square-foot factory on the city's northwest side that will produce trucks with giant video screens.

Nokia Unveils Windows Smartphones

October 26, 2011 9:14 am

HELSINKI (AP) — Nokia Corp. on Wednesday unveiled its first Windows cell phones, in a bid to recapture lost ground to chief rivals in the tough top-end smartphone market. Nokia's Lumia 800, priced at some euro420 ($580), and Lumia 710 with a price tag of euro270, are the Finnish cell phone maker's first models based on Microsoft Corp.

Manufactured Goods Orders Up In September

October 26, 2011 9:12 am | by Martin Crutsinger, AP Economics Writer

WASHINGTON (AP) — Companies ordered more heavy machinery, computers and other long-lasting manufactured goods in September, a positive sign for the slumping economy. An increase in demand for those types of durable goods suggests businesses are sticking with investment plans, despite slow growth and dismal consumer confidence.

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Ford 3Q Profit Falls 2 Percent To $1.6B

October 26, 2011 9:10 am | by Dee-Ann Durbin, AP Auto Writer

DEARBORN, Mich. (AP) — With its tenth straight quarterly profit under its belt, Ford Motor Co. is becoming a victim of its own success. Ford reported a $1.6 billion profit in the third quarter, down 2 percent from a year earlier but still above Wall Street's expectations. Investors promptly pummeled the company's shares, disappointed by slowing growth, rising costs and the carmaker's decision to hold off on paying a dividend.

Boeing 787's Inaugural Flight Lands In Hong Kong

October 26, 2011 9:09 am | by Scott Mayerowitz, AP Airlines Writer

ABOARD ANA FLIGHT 7871 (AP) — Boeing's much-anticipated 787 carried its first passengers Wednesday on a four-hour, 8-minute flight filled with cheers, picture-taking and swapping of aviation stories. The new long-haul jet aims to change the way passengers think about flying with larger windows, improved lighting and air pressure and humidity that more closely resembles that on the ground.

GM Recalls SUVs To Fix Tire Pressure Monitors

October 26, 2011 9:06 am

DETROIT (AP) — General Motors is recalling more than 36,000 Chevrolet Equinox and GMC Terrain crossover SUVs to fix tire pressure monitors that don't work right. The company says the systems in the 2012 vehicles should warn drivers when tire pressure drops 25 percent below the recommended pressure.

U.S.'s Biggest Nuclear Bomb Dismantled

October 26, 2011 5:29 am | by Betsy Blaney, Associated Press

AMARILLO, Texas (AP) — The last of the nation's biggest nuclear bombs, a Cold War relic 600 times more powerful than the atomic bomb dropped on Hiroshima was dismantled Tuesday in what one energy official called a milestone in President Barack Obama's mission to rid the world of nuclear weapons.

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Toyota Trims Japan Output Due To Thai Flooding

October 26, 2011 5:27 am

TOKYO (AP) — Toyota Motor Corp. is trimming production this week at its group assembly plants in Japan due to a shortage of parts from suppliers in Thailand, where severe flooding has disrupted its supply chain. Toyota official Shiori Hashimoto said Wednesday that Japan's biggest automaker has suspended overtime work from Monday to Friday at four Toyota factories and seven group companies that assemble cars and trucks.

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U.K. Hands Lockheed Martin $1B Contract

October 26, 2011 5:24 am | by Cassandra Vinograd, Associated Press

LONDON (AP) — Defense contractor Lockheed Martin has won a 642 million pound ($1 billion) contract to upgrade Britain's Warrior armored vehicles, a decision the British Ministry of Defense said Tuesday would support 600 jobs around the country. Lockheed Martin U.K. said it was delighted to get the contract, and described the upgrades as critical to maximizing the government's investment in Warrior vehicles.

Chrysler Contract Approval Likely As Voting Ends

October 26, 2011 5:21 am

DETROIT (AP) — It looks like Chrysler's new four-year contract with the United Auto Workers union will be approved by workers. Local union president Mark Dickow says factory workers at a Ram truck plant in Warren, Mich., near Detroit voted 70 percent in favor of the deal on Tuesday.

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