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Daily industrial news and top headlines for plant and maintenance managers
Tesla Hopes To Raise $185 Million On IPO, Toyota Deal
June 15, 2010 4:28 am | CommentsNEW YORK (AP) — Electric car maker Tesla Motors Inc. set terms for its highly anticipated IPO Tuesday, saying it now hopes to raise about $185 million by selling shares to the public and to Toyota Motors Corp. Tesla and its stockholders will sell 11.1 million shares for $14 to $16 each in an initial public offering, according to a regulatory filing.
Leaking Chemicals At Dow Plant Stopped
June 14, 2010 5:04 am | CommentsLOUISVILLE, Ky. (AP) — The leak of a pair of chemicals from a rail car at a Dow Chemical plant in Louisville has been stopped and area residents have been given clearance to go back outside. The officials said the leak has been contained within the facility and added that the leak may have been caused by the heat.
BP's Gulf Cleanup Costs Rise To $1.6 Billion
June 14, 2010 4:56 am | CommentsNEW ORLEANS (AP) — BP's costs for responding to the massive oil spill in the Gulf of Mexico have risen to $1.6 billion. According to a company news release, that includes new $25 million grants the British oil giant has given to Florida, Alabama and Mississippi. It also includes the first $60 million for a project to build barrier islands off the Louisiana coast.
Boeing Faces Another Machinists Strike
June 14, 2010 4:42 am | CommentsST. LOUIS (AP) — Just days after a monthlong walkout ended at its California C-17 plant, Boeing Co. is facing another possible strike. The plane maker's machinists union in St. Louis has voted to reject a company offer that would have replaced a contract that expires Sunday. The International Association of Machinists and Aerospace Workers said on its website Sunday that members voted 1548-532 to reject the offer, and voted 1619-459 to strike.
Jimmy Dean, Sausage Manufacturing King, Dies At 81
June 14, 2010 4:32 am | by Dena Potter, Associated Press Writer | CommentsRICHMOND, Va. (AP) — Jimmy Dean, a country music legend for his smash hit about a workingman hero, "Big Bad John," and an entrepreneur known for his sausage brand, died on Sunday. He was 81. His wife, Donna Meade Dean, said her husband died at their Henrico County, Va., home. She told The Associated Press that he had some health problems but was still functioning well, so his death came as a shock.
'Last One To Die Please Turn Out The Lights'
June 14, 2010 4:29 am | by Diana Nelson Jones, AP Writer | CommentsPITTSBURGH (AP) — Bounded on one side by a cliff and on the other by the Ohio River, what's left of the Jones & Laughlin Steel Co.'s Aliquippa Works is an overwhelming stretch of emptiness punctuated by debris — metal scrap, concrete, office material and building detritus piled and strewn over miles of rutted clay.
Economy Hitches Ride As Pickup Sales Take Off
June 14, 2010 4:23 am | by Dan Strumpf, AP Auto Writer | CommentsNEW YORK (AP) — If you want a hint about the economic recovery, follow that truck. Pickups are a kind of rugged indicator of the nation's financial health. When times are good, contractors buy more of them to carry tools around for landscaping and lumber to build homes. Weekend haulers also gravitate to them even though cars get better mileage.
Greenhouse Gas Laws Pass Senate Vote
June 11, 2010 5:12 am | by Jim Abrams, Associated Press Writer | CommentsWASHINGTON (AP) — In a boost for the president on global warming, the Senate on Thursday rejected a challenge to Obama administration rules aimed at cutting greenhouse gas emissions from power plants and other big polluters. The defeated resolution would have denied the Environmental Protection Agency the authority to move ahead with the rules, crafted under the federal Clean Air Act.
Wood-Burning Power Worse For Environment Than Coal
June 11, 2010 5:03 am | by Steve LeBlanc, Associated Press Writer | CommentsBOSTON (AP) — A new study has found that wood-burning power plants using trees and other "biomass" from New England forests releases more greenhouse gases into the atmosphere than coal over time. The six-month study, commissioned by Massachusetts state environmental officials, found biomass-fired electricity would result in a 3 percent increase in carbon emissions compared to coal-fired electricity by 2050.
Tesoro Plant To Stay Closed Over Safety Concerns
June 11, 2010 4:39 am | by George Tibbits, Associated Press Writer | CommentsSEATTLE (AP) — Tesoro Corp.'s Anacortes refinery, where an April explosion and fire killed seven people, will remain closed at least through September — three months longer than once expected — a company spokesman said Thursday. Meanwhile, Robert Hall, who is leading the accident investigation for the U.
3M To Close Okla. Plant, 125 Jobs At Stake
June 11, 2010 4:31 am | CommentsARDMORE, Okla. (AP) — 3M has announced plans to close its plant in Ardmore by the end of the year. Company officials made the announcement Thursday to its 125 employees at the plant that makes dental implant products. The company says the plant's operations will be moved to St.
Arctic Cat To Ditch Overseas Supplier, Build Locally
June 11, 2010 4:21 am | CommentsMINNEAPOLIS (AP) — Snowmobile maker Arctic Cat Inc. said Thursday it will begin manufacturing some of its own snowmobile engines in St. Cloud, Minn., beginning after the 2014 model year. Currently, Suzuki Motor Corp. supplies all engines for Arctic Cat's snowmobiles. Suzuki will continue to supply the company with engine parts to service existing engines after the 2014 model year.
GM: Back Off Government, It's Our IPO
June 11, 2010 4:19 am | by Ken Thomas, Associated Press Writer | CommentsWASHINGTON (AP) — General Motors Co., not the government, will determine when the automaker will conduct a public stock offering at the heart of the company's revival, the Obama administration said Thursday. The Treasury Department said in a statement that it expects to sell some of its 61 percent stake in GM when the automaker goes public.
10 Charged For Bilking Xerox In $4 Million Forklift Fraud
June 11, 2010 4:18 am | by Ben Dobbin, AP Business Writer | CommentsROCHESTER, N.Y. (AP) — Seven mechanics at Xerox Corp.'s manufacturing hub in upstate New York and three owners of a forklift company were charged Thursday with bilking the printer and copier maker out of an estimated $4.1 million. Over five years, four current and three former employees who maintained Xerox's forklift fleet in suburban Rochester ordered forklift parts from Clarkson Auto Electric Co.
Job Market Stages Comeback As People Call It Quits
June 9, 2010 5:02 am | by Christopher Leonard and Christopher S. Rugaber, AP Business Writers | CommentsNEW YORK (AP) — One sign of better economic times is when more people start finding jobs. Another is when they feel confident enough to quit them. More people in the United States have quit their jobs in the past three months than were laid off — a sharp reversal after 15 straight months in which layoffs exceeded voluntary departures.
