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Daily industrial news and top headlines for plant and maintenance managers

Michelin To Build New $750M SC Plant

April 10, 2012 2:00 pm | by Jeffrey Collins, Associated Press

Michelin announced plans Tuesday to break ground on a new plant in Anderson County that could create 500 jobs making giant tires for use on heavy equipment in mines, quarries and construction sites.

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MO Woman Sentenced To 5 Years For Embezzlement

April 10, 2012 1:58 pm | by The Associated Press

Ervin has been sentenced to five years in federal prison for embezzling nearly $880,000 from a manufacturing company where she worked as a payroll administrator.

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Sony Doubles Red Ink Forecast To Worst Loss Ever

April 10, 2012 1:56 pm | by Malcolm Foster, Associated Press

Sony Corp. more than doubled its projected annual loss to $6.4B, its worst red ink ever, due to a massive tax charge.

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Bankrupt Saab Has Debts Of $1.9B

April 10, 2012 10:28 am | by The Associated Press

The value of bankrupt Saab Automobile's assets covers less than a third of its debts and only some preferential creditors will get any money back, the company's trustees said Tuesday.

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China Exports, Imports Weak In March

April 10, 2012 10:26 am | by Joe McDonald, AP Business Writer

China returned to a trade surplus in March but growth in exports and imports was weak as U.S. and European economic woes and a Chinese slowdown weighed on consumer demand.

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VW Conducting National Search To Fill TN Jobs

April 10, 2012 10:25 am | by Erik Schelzig, Associated Press

Volkswagen is conducting a national search to fill the most specialized of 1,000 new jobs at its Chattanooga plant.

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Kyocera To Build Mega Solar Power Plant

April 10, 2012 10:23 am | by The Associated Press

Major Japanese photovoltaic cell maker Kyocera Corp. said Tuesday it is considering building a 70,000-kilowatt solar power plant in Kagoshima

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Nissan To Produce New Hatchback In Britain

April 10, 2012 10:20 am | by The Associated Press

Nissan will make 80,000 of the new hatchback vehicles annually, forcing the plant to operate around-the-clock.

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Maine Plant To Make Gun Systems

April 10, 2012 10:19 am | by The Associated Press

Defense contractor General Dynamics has been awarded a $7.8M contract for Gatling gun systems that will be produced at its Maine gun manufacturing plant.

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Union Says Right-To-Work Law Violates Free Speech

April 9, 2012 2:28 pm | by Charles Wilson, Associated Press

Indiana's new right-to-work law should be struck down because it infringes upon unions' free speech rights by depriving them of the dues that fund their political speech, attorneys for a union challenging the law contend.

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AOL To Sell More Than $1B In Patents To Microsoft

April 9, 2012 2:21 pm | by Barbara Ortutay, AP Technology Writer

Faltering Internet icon AOL was able to squeeze out more than $1B from Microsoft for a trove of some 800 patents in an auction, the latest sign of just how valuable such portfolios can be for the world's biggest technology companies.

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Judge Rules For DuPont On Kevlar Antitrust Claims

April 9, 2012 2:17 pm | by The Associated Press

The judge granted summary judgment to DuPont on antitrust claims that it tried to monopolize the high-strength synthetic fibers market.

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Boeing Receives Order From Russia's Transaero

April 9, 2012 2:16 pm | by The Associated Press

Boeing Co. has received an order from Transaero Airlines of Russia for four 787-8 aircraft, the company said Monday.

EPA: Water Quality OK In PA Gas Town

April 9, 2012 2:09 pm | by The Associated Press

Testing at 20 more water wells in a community at the center of a debate over the safety of natural gas drilling shows no dangerous levels of contamination, according to an EPA report.

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Fuji Heavy To Shelve Plan For China Auto Plant

April 9, 2012 2:07 pm | by The Associated Press

While the envisioned entry to local production in China has been a pillar of Fuji Heavy's strategy, the Subaru maker has not been able to get a permission from the Chinese government, sources said.

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China Sets Up Rare Earths Industry Group

April 9, 2012 10:26 am | by Elaine Kurtenbach, AP Business Writer

China has set up a rare earths industry association to fend off trade complaints and help regulate the sector that is critical to global high-tech manufacturing.

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What's In A (Brand) Name?

April 9, 2012 10:25 am | by Mae Anderson, AP Business Writer

Apple is on the verge of doing what few others have: change the English language.

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Reports: Sony To Cut 10,000 Jobs

April 9, 2012 10:23 am | by The Associated Press

Sony Corp. will cut about 10,000 jobs worldwide over the next year as it tries to return to profit, Japanese news reports said Monday.

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Ford Recalls 140K Focus Cars For Wiper Problem

April 9, 2012 10:22 am | by The Associated Press

Ford is recalling more than 140,000 Focus compact cars because the passenger side windshield wiper can fail.

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Ex-Intel Worker Pleads Guilty To Design Theft

April 9, 2012 10:21 am | by The Associated Press

Federal prosecutors say an employee pleaded guilty to secretly downloading computer chip manufacturing and design documents from Intel Corp. while looking for a job elsewhere.

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