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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

GM To Use $2.8b Bailout Cash To Buy Ailing Delphi

November 3, 2009 3:11 am | by Ken Thomas, Associated Press Writer

WASHINGTON (AP) — General Motors says it has received permission to use $2.8 billion of its government aid to help buy part of troubled auto parts supplier Delphi Corp., the automaker's former parts division. The Detroit automaker said in a regulatory filing with the U.S. Securities and Exchange Commission that the Treasury Department granted the release of $1.

Retailers Drop Mich. Blueberry Grower For Child Labor

November 3, 2009 3:10 am

JAMES PRICHARD Associated Press Writer — November 3, 2009 GRAND RAPIDS, Mich. (AP) — Wal-Mart and two other top retailers said Friday they are suspending business with a large southwestern Michigan blueberry grower after investigators found children as young as 6 working in the grower's fields.

Boeing Backers Push Obama On Tanker 'Inequity'

November 2, 2009 11:10 am | by Donna Borak, AP Business Writer

WASHINGTON (AP) — A bipartisan group of lawmakers who support Boeing ( NYSE:BA ) in its bid for a $35 billion tanker contract want President Barack Obama to force the Air Force to include a recent World Trade Organization ruling against Airbus in its decision. The WTO in September issued an interim ruling that found Airbus received illegal launch aid from European governments to build its aircraft.

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Acetylene Tank Explosion Rocks Mich. Town

November 2, 2009 10:26 am | by David N. Goodman, Associated Press Writer

MARYSVILLE, Mich. (AP) — Multiple explosions rocked a Michigan welding supply plant after an acetylene tank burst into flames on Monday, sending an employee to the hospital and prompting many homes and businesses to evacuate, authorities said. An employee at the plant in Marysville, about 50 miles northeast of Detroit, was removing a valve from the tank when it exploded, said the town's police chief, Tim Buelow.

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E.Coli Death Prompts 546,000 Pound Recall

November 2, 2009 4:11 am

ASHVILLE, N.Y. (AP) — A New York meat company has recalled almost 546,000 pounds of ground beef because, according to health officials, contaminated meat has caused illness and one death. The U.S. Department of Agriculture said Saturday the meat sold by Ashville, N.Y.-based Fairbank Farms was linked to cases of E.

Overwhelming UAW Rejection Leaves Ford Disadvantaged

November 2, 2009 4:08 am | by Dee-Ann Durbin and Tom Krisher, AP Auto Writers

DETROIT (AP) — Ford Motor Co. workers have overwhelmingly rejected contract changes that would have allowed the automaker to cut labor costs, leaving Ford at a disadvantage to its Detroit rivals as it continues its struggle to return to profitability. The United Auto Workers union had given local unions until Monday to complete voting.

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Raytheon, Machinists Union Avoid Strike

November 2, 2009 4:01 am

TUCSON, Ariz. (AP) — Members of the Machinists Union have voted to approve a new three-year contract, averting a possible strike at Raytheon Missile Systems Inc. About 75 percent of the bargaining unit's dues-paying members met Sunday at the Tucson Convention Center and overwhelmingly approved the new contract.

Navy Ship Built From WTC Steel Returns Home

November 2, 2009 3:54 am | by Deepti Hajela, Associated Press Writer

NEW YORK (AP) — The new Navy assault ship USS New York, built with World Trade Center steel, arrived in its namesake city Monday with a 21-gun salute near the site of the 2001 terrorist attack. First responders, families of Sept. 11 victims and the public gathered Monday at a waterfront viewing area, where they could see the crew standing at attention along the deck of the battleship gray vessel.

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Consumers Push For Reycled Paper

November 2, 2009 3:47 am | by Erik Olson, AP Writer

LONGVIEW, Wash. (AP) — For retailers, the "100 percent recycled" label on a product is a badge of honor declaring their civic responsibility. For consumers, it's a status symbol showing their environmental awareness. For manufacturers, such as Longview Fibre Paper and Packaging Inc.

Businesses Spending More On Equipment

November 2, 2009 3:34 am | by Jeannine Aversa, AP Economics Writer

WASHINGTON (AP) — Businesses are finally willing to spend more money on equipment, a healthy sign for the economic recovery. For the first time in nearly two years, companies ponied up more money for a category called "equipment and software" in the third quarter of the year. It isn't a huge growth rate — just 1.

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Ford Posts Surprise $1 Billion 3Q Profit

November 2, 2009 3:19 am | by Dee-Ann Durbin and Tom Krishner, AP Auto Writers

DEARBORN, Mich. (AP) — Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011. The automaker said Monday earnings were fueled by U.

GM Idles Delta Township Plant Due To Indian Strike

October 30, 2009 5:02 am

NEW YORK (AP) — General Motors Co. will temporarily shutdown a plant that builds two of its crossover vehicles and reduce production at a transmission plant as a result of a parts shortage stemming from a strike at a supplier in India, according to a person familiar with the situation.

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Merck And Schering-Plough Clear FTC Approval

October 30, 2009 4:58 am

NEW YORK (AP) — Merck & Co. and Schering-Plough Corp. said Thursday they have won merger approval from the Federal Trade Commission and antitrust regulators in Switzerland and Canada. Merck hopes to close its $41.1 billion acquisition of Schering-Plough Corp. before the end of the year.

Egyptian Sues URS Corp. For 'Terrorist' Discrimination

October 30, 2009 4:53 am

AIKEN, S.C. (AP) — A former South Carolina worker at the Savannah River Site has filed a federal lawsuit, claiming racial and religious discrimination by co-workers. The Aiken Standard reported Friday that 41-year-old Al Zeiny sued his former employer in U.S. District Court in Aiken.

Machinists Union To Reevaluate Boeing Relationship

October 30, 2009 4:45 am | by Gene Johnson, Associated Press Writer

EVERETT, Wash. (AP) — Matt Gettmann began working in finance at Boeing Co. last year, and it wasn't long before he found himself watching, stunned, as union members prepared for what became an eight-week strike. The work stoppage cost the company billions in deferred revenue and caused some of the delays in production of its new 787 at a time when Boeing was growing increasingly frustrated with labor squabbles.

More UAW Locals Reject Ford Contract

October 30, 2009 4:29 am | by Dee-Ann Durbin and Tom Krisher, AP Auto Writers

DETROIT (AP) — Workers at two more United Auto Workers locals overwhelmingly rejected changes to their contract with Ford Motor Co. on Thursday, casting further doubt on whether the deal will be approved. Workers at a parts-making plant in Saline, Mich., west of Detroit, voted 75 percent against the deal, while research and engineering employees in Dearborn, Mich.

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BP Fined $87 Million By OSHA For Texas Explosion

October 30, 2009 4:21 am

LONDON (AP) — British oil company BP PLC said Friday it is disappointed to receive a fine — expected to be a record $87 million — from the U.S. Occupational Safety and Health Administration over a 2005 explosion that killed 15 people at its Texas City refinery.

International Paper Profits Double, 1,600 Still Jobless

October 28, 2009 4:55 am

MEMPHIS, Tenn. (AP) — International Paper, the world's biggest wood products company, said Wednesday its third-quarter profit more than doubled as a huge federal tax credit more than offset falling sales of cardboard box materials. The 13 percent sales decline shows retailers who depend on consumer spending for their profits have yet to resume large-scale purchases of the cardboard boxes that are made from materials made by IP.

Beer Stays Strong Through Global Recession

October 28, 2009 4:46 am

AMSTERDAM (AP) — Dutch brewer Heineken NV on Wednesday raised its forecast for full-year operating profit, citing cost savings, better prices and higher sales of its most profitable brands, even though overall sales volumes were down. The company raised its forecast for full year "organic" operating profit -- a nonstandard measure -- to low double digit growth from high single digit growth.

Goodyear Doubles 3Q Profit

October 28, 2009 4:38 am

CLEVELAND (AP) — Goodyear Tire & Rubber Co. says its profit more than doubled in the third quarter, helped by new products and lower raw-material costs. The performance marked a reversal by Goodyear, which had reported $554 million in losses in the first six months of the year as the recession staggered the automotive industry.

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