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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Blind Driver Brings New Technology To Daytona Speedway

January 28, 2011 3:48 am | by Kyle Hightower, Associated Press

DAYTONA BEACH, Fla. (AP) — It's a cloudy morning at Daytona International Speedway, but Mark Riccobono can't tell, nor does it really matter to him. He walks up to the driver's side of a black, Ford Escape Hybrid parked on the start-finish line, opens the door, sits down and adjusts his seat.

Kia, Hyundai Both Hit Sales, Profit Records

January 28, 2011 3:42 am | by Kelly Olsen, AP Business Writer

Hyundai Motor's 4th-quarter net profit hits record  SEOUL, South Korea (AP) — Hyundai Motor's net profit jumped 48 percent in the fourth quarter to a record high as the automaker reaped gains from strong overseas sales. Hyundai said Thursday that it earned 1.4 trillion won ($1.

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Taco Bell Fights Back Against 'Beefless' Lawsuit

January 28, 2011 3:38 am | by Bruce Schreiner and Sarah Skidmore, AP Business Writers

Taco Bell is launching an advertising campaign Friday to fight back against a lawsuit charging its taco filling isn't beef. The fast-food chain placed full-page print ads in Friday's editions of the Wall Street Journal, USA Today, New York Times and other papers as well as online ads to "set the record straight," company President Greg Creed told The Associated Press.

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Ford Earns Highest Profit In A Decade

January 28, 2011 3:25 am | by Dee-Ann Durbin and Tom Krisher, AP Auto Writers

DEARBORN, Mich. (AP) — Ford earned its biggest profit in more than a decade in 2010 as robust car and truck sales and years of cost cuts paid off for the company. The results disappointed Wall Street, however, and Ford's stock price fell 6 percent to $17.73 in premarket trading. The reaction hinted at the difficulties the company still faces, even though it's remade itself in recent years.

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BDI Acquires Two Gopher Bearing Company Locations

January 26, 2011 6:38 am

CLEVELAND – BDI recently announced the acquisition of Gopher Bearing Company’s St. Paul and Winona, Minnesota locations, effective January 1, 2011. Gopher Bearing Company has served businesses in the Twins Cities area since 1946. St. Paul-based Gopher Bearing, a division of BDI, will provide enhanced support and solutions to customers in the Twin Cities.

Biden Visits IN Battery Plant, Post-Recovery Grant

January 26, 2011 4:25 am

An American company seeking to make headway in the foreign-dominated electric car battery industry will be in the spotlight Wednesday when Vice President Joe Biden visits its plant in central Indiana. Biden will be in Greenfield, about 25 miles east of Indianapolis, to visit an Ener1 Inc.

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Obama: Lower Corporate Taxes, Close Loopholes

January 26, 2011 4:16 am

WASHINGTON (AP) — President Barack Obama's call to lower corporate tax rates is popular among business leaders and lawmakers from both parties. That support, however, won't be easy to maintain if the president ever gets specific about how to pay for the lower taxes. Obama said in his State of the Union address that he wants to close corporate tax loopholes and use the additional revenue to lower corporate tax rates for the first time in 25 years — without adding to the budget deficit.

Google Announces Plan To Hire 6,200

January 26, 2011 4:06 am

SAN FRANCISCO (AP) — Google Inc. plans to hire more than 6,200 workers this year — boosting its work force by at least a quarter — in the biggest expansion yet by the Internet's most profitable company. The hiring spree comes as President Barack Obama emphasized the need for more jobs during his State of the Union address Tuesday night.

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Roscoe Plant To Bring 130 Jobs To Northern IL

January 26, 2011 3:43 am

ROSCOE, Ill. (AP) — There's some good economic news on the horizon for the northern Illinois community of Roscoe. The Rockford Register Star reports that American Aluminum Extrusions Co. intends to open a plant in Roscoe that will create 130 jobs by 2013. Village President Dave Krienke says the Beloit, Wis.

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Economic Forum Analysts: China No Longer "Developing"

January 26, 2011 3:27 am

DAVOS, Switzerland (AP) — It may be time to stop referring to China, the world's second-biggest economy after the U.S., as an emerging nation and focus on creating jobs now that the global recovery appears to have gotten a toehold. That's what top business leaders, politicians and social activists discussed, among other issues, on the first day of the World Economic Forum on Wednesday.

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Boeing Wins $1.6B Navy Contract

January 26, 2011 3:18 am

SEATTLE (AP) — Boeing Co. won a $1.6 billion to build the P-8A Poseidon aircraft for the U.S. Navy. The company said Tuesday the contract calls for the delivery of six of the aircraft, along with spares, logistics and training devices. Boeing said the Navy ultimately plans to buy 117 of the 737-based aircraft, which are used for anti-submarine warfare, anti-surface warfare, intelligence, and surveillance.

Toyota Recalls 1.7 Million Vehicles

January 26, 2011 3:10 am

TOKYO (AP) — Toyota recalled nearly 1.7 million cars worldwide Wednesday for fuel leaks, the latest in a ballooning number of quality problems that could add another dent to its tarnished reputation in the crucial U.S. market. Toyota's latest recalls are mostly in Japan, but they also include the IS and GS Lexus luxury models in North America, where the world's No.

Get A Free Gift Card With Your MISUMI Purchase

January 25, 2011 9:33 am

MISUMI USA , Inc. (Schaumburg, IL), a subsidiary of MISUMI Corporation, part of MISUMI Group, Inc. , is pleased to kick off 2011 with a special promotional offer to first-time purchasers of products from the company’s new 2011 Metric Components e-Catalog.  Patrick Esposito, Marketing Manager for MISUMI USA, Inc.

Kodak Loses Major Patent Suit Against Apple, RIM

January 25, 2011 3:50 am | by Ben Dobbin, AP Business Writer

ROCHESTER, N.Y. (AP) — Eastman Kodak Co. lost a crucial opening round Monday in a high-stakes patent dispute over whether iPhones and BlackBerry camera phones infringe on its digital-imaging technology. The U.S. International Trade Commission in Washington said in a preliminary ruling that Apple Inc.

China Insists Stealth Technology Is Home-Made

January 25, 2011 3:39 am | by Christopher Bodeen, Associated Press

BEIJING (AP) — An official Chinese newspaper on Tuesday dismissed a report that the country used technology taken from a downed U.S. airplane in its own stealth fighter program. Chinese officials this month staged the first-known test flight of the J-20 prototype stealth fighter that could one day challenge American air superiority.

It's Earnings Season: 3M, J&J, Siemens, DuPont

January 25, 2011 3:37 am | by Samantha Bomkamp, AP Transportation Writer

3M profit dips in 4Q, lifts forecast for 2011  NEW YORK (AP) — 3M Co. on Tuesday raised its profit expectations for the new year, saying research and investments in new products are paying off. 3M said net income dipped slightly in the last quarter of 2010 because of higher costs.

Harley Considers $47 Million Loss 'Strong Progress'

January 25, 2011 3:27 am

MILWAUKEE (AP) — Harley-Davidson Inc. cut its fourth-quarter loss, getting a ride from a restructuring and a strong performance from its financial services unit even as motorcycle sales slumped. The Milwaukee company on Tuesday reported a net loss of $46.8 million, or 20 cents per share, a vast improvement over the $218.

GM Fights To Take Back World's No. 1 Title

January 25, 2011 3:23 am | by Tom Krisher, AP Auto Writer

FLINT, Mich. (AP) — General Motors has a shot at being No. 1 again. The resurgent automaker reported Monday that its worldwide sales last year came within 30,000 of beating Japanese rival Toyota, which took a big hit because of safety recalls. GM is hiring, producing more and basking in a better reputation for quality.

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Stealth Bomber Engineer Gets 32 Years For Selling Secrets

January 25, 2011 3:18 am | by Audrey McAvoy, Associated Press

HONOLULU (AP) — A former B-2 stealth bomber engineer was sentenced to 32 years in prison Monday for selling military secrets to China in the latest of several high-profile cases of Chinese espionage in the U.S. Chief U.S. District Judge Susan Oki Mollway said Noshir Gowadia, 66, would likely be in his late 80s by the time he is released if he gets credit for good behavior in prison.

Toyota Opens Two More U.S. Quality Control Offices

January 24, 2011 3:48 am

TORRANCE, Calif. (AP) — Toyota Motor Sales has opened two more U.S. product quality field offices, more than a year after safety-related product recalls bruised the company's reputation for building safe, reliable cars. The offices, located in Houston and Jacksonville, Fla., will put more Toyota researchers in the field, helping the Japanese auto giant detect and address quality problems, the company said.

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