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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

IMF: Global Economic Outlook Improves Slightly

April 18, 2012 2:33 pm | by Christopher S. Rugaber, AP Economics Writer

The International Monetary Fund is more optimistic about the global economy after seeing faster U.S. growth and a coordinated effort in Europe to address its debt crisis.

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Companies To Pay $14.8M In FEMA Trailer Settlement

April 18, 2012 2:27 pm | by Michael Kunzelman, Associated Press

Nearly two dozen companies that manufactured government-issued trailers for storm victims after Hurricane Katrina have agreed to pay $14.8 million in a proposed class-action settlement of claims that the temporary shelters exposed occupants to hazardous fumes.

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German Manufacturing Employers Offer 3 Percent Raise

April 18, 2012 2:25 pm | by Geir Moulson, Associated Press

Employers in Germany's key manufacturing industry on Wednesday offered workers a 3 percent pay increase over a 14-month period — an offer that their union swiftly dismissed as insufficient.

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Canadian Solar In $185M Deal With SkyPower

April 18, 2012 2:23 pm | by The Associated Press

Canadian Solar Inc. said that it will buy a majority stake in 16 solar power projects from SkyPower Ltd. and launch a joint venture in a deal valued at $185M.

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Whirlpool Loses Appliance 'Dumping' Case

April 18, 2012 2:22 pm | by The Associated Press

Whirlpool Corp. has lost the latest round in its battle with competitors over imports from South Korea and Mexico.

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AUDI AG Acquires Motorcycle Manufacturer Ducati

April 18, 2012 2:21 pm

AUDI AG is acquiring from Investindustrial Group the tradition-steeped Italian sports motorcycle manufacturer Ducati Motor Holding.

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Oracle CEO Mulled Expansion Into Smartphones

April 18, 2012 10:31 am | by Michael Liedtke, AP Technology Writer

Oracle CEO Larry Ellison wanted to compete against Google's Android software in the smartphone market before deciding instead to sue his potential rival for copyright and patent infringement.

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MI Lawmakers May Curb Business Equipment Tax

April 18, 2012 10:29 am | by Tim Martin, Associated Press

Michigan lawmakers sought to again lower the tax burden on businesses by introducing legislation that would phase out a tax on industrial machinery and some other equipment.

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Bobcat Expanding In Bismarck, Creating 200 Jobs

April 18, 2012 10:27 am | by The Associated Press

The expansion, which spokeswoman Laura Ness Owens said will cost at least $8 million, is expected to be completed by the end of 2014.

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Mitsubishi Heavy To Produce Gear-Making Machines

April 18, 2012 10:26 am | by The Associated Press

Mitsubishi Heavy Industries said it will start producing gear cutting machines in India starting October to tap into growing demand in the country's auto and motorcycle sectors.

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ASML 1Q Earnings Fall 24 Percent

April 18, 2012 10:24 am | by The Associated Press

The largest supplier of manufacturing equipment to computer chip makers reported a 24 percent fall in earnings for the first quarter, as its backlog of orders from big clients such as Intel and Samsung tapered off.

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AAM, Partners Win “Campaign Of The Year” Award

April 18, 2012 10:22 am

The Alliance for American Manufacturing (AAM) and several of its partners were awarded the 2012 Campaign Excellence Award for “Public Affairs Campaign of the Year” from the American Association of Political Consultants (AAPC).

Appeals Court Blocks Gov't Rule On Union Posters

April 17, 2012 2:04 pm | by Sam Hananel, Associated Press

A federal appeals court On Tuesday temporarily blocked the National Labor Relations Board from making millions of businesses put up posters informing workers of their right to form a union.

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Rebates To Cut Price Of $60 LED Bulb

April 17, 2012 2:02 pm | by Peter Svensson, AP Technology Writer

The bulb is the most energy-efficient yet, lasts about 20 years and is supposed to give off a pleasing, natural-looking light.

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High Court Steps Into Copyright Case

April 17, 2012 2:00 pm | by Mark Sherman, Associated Press

The issue at the Supreme Court is whether U.S. copyright protection applies to items that are made abroad, purchased abroad and then resold in the U.S. without the permission of the manufacturer.

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Malaysia Proton Launches Sedan To Grow Sales

April 17, 2012 1:58 pm | by Eileen Ng, Associated Press

Malaysia's national carmaker Proton has launched a new sleek sedan that it hopes will pimp its faded brand and spearhead an increase in overseas sales.

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Boeing Signs Supply Deal With Abu Dhabi Company

April 17, 2012 1:56 pm | by Adam Schreck, AP Business Writer

Abu Dhabi's state-owned Mubadala Aerospace signed a deal Tuesday with Boeing Co. to build carbon composite parts for the American planemaker's 777 and 787 jetliners.

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U.S. Factory Output Drops After 3 Months Of Gains

April 17, 2012 1:54 pm | by Marting Crutsinger, AP Economics Writer

U.S. factory production fell in March after companies made fewer electronic products, steel, and other metals.

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First Solar Lays Off 2,000 As Demand Wanes

April 17, 2012 10:13 am | by Chris Kahn, AP Energy Writer

First Solar Inc. is laying off 2,000 workers and closing its plant in Frankfurt, Germany, in response to waning demand for solar panels and increased competition from China.

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Chemical Plant Shutdown Could Cut Auto Production

April 17, 2012 10:12 am | by Dee-Ann Durbin, Tom Krisher, AP Auto Writers

The potential shortage of a key component used to make fuel lines and brake lines could force automakers in the U.S. and around the world to close car and truck plants as they run short of parts.

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