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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Energy Companies Announce Thousands of Layoffs

January 21, 2015 10:24 am | by Andrew Szal, Digital Reporter, IMPO

The continued decline in the prices of crude oil is wreaking havoc in the oilfield services sector, where three industry giants have announced thousands of job cuts in recent days.                    

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Global Economy Squeezed by Worsening Slowdown in China

January 21, 2015 9:39 am | by Kelvin Chan, Paul Wiseman, The Associated Press

The global economy, slowed by stagnation in Europe and Japan, is being further hampered by China's decelerating growth.                                     

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Arson Trial Begins For Omaha Manufacturer

January 21, 2015 9:33 am | by The Associated Press

A federal trial has begun for an Omaha businessman accused of paying someone to set fire to his manufacturing plant near Fort Calhoun in eastern Nebraska.                           

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BP Fights Against Billions in Federal Penalties

January 20, 2015 2:18 pm | by Kevin McGill, The Associated Press

Federal lawyers have begun making their case for adding some $13.7 billion in penalties to costs already incurred by BP after the 2010 Gulf oil spill.                             

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Oilfield Services Giant Bolsters Presence in Russia Amid Layoffs

January 20, 2015 2:13 pm | by Andrew Szal, Digital Reporter, IMPO

Just days after announcing job cuts citing uncertainty in the global oil industry, Schlumberger Ltd. announced a deal to purchase a minority stake in one of Russia's leading energy companies.                 

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Union To Discuss Pillsbury Plant Set to Close

January 20, 2015 1:54 pm | by The Associated Press

The union that represents workers at a Pillsbury plant set for closure expects to meet next month with General Mills officials to discuss the southern Indiana plant's future.                     

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Photo of the Day: A SpaceX Crash Landing

January 20, 2015 11:01 am | by Maura Falk, Associate Editor

Check out a photo of SpaceX's unsuccessful landing in IMPO's Photo of the Day.                                               

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13 Year Old Builds Braille Printer With Legos, Starts Company

January 20, 2015 10:35 am | by Terence Chea, The Associated Press

The California eighth-grader has launched a company to develop low-cost machines to print Braille, the tactile writing system for the visually impaired. Tech giant Intel Corp. recently invested in his startup, Braigo Labs.        

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Solar Plane Pioneers Lay Out Round-the-World Flight Plan

January 20, 2015 10:17 am | by Adam Schreck, The Associated Press

The team behind a Swiss-made solar-powered aircraft that is attempting to fly around the world said Tuesday the clean-energy plane will stop in India, China and the United States in a historic journey set to begin as early as next month.   

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From Car Lots to City Budgets, Cheap Oil Means Change

January 20, 2015 10:09 am | by Henry Jackson, The Associated Press

In ways large and small, plummeting oil prices are now reverberating through businesses, towns, schools and family budgets, causing confusion and changing plans. With prices having fallen by nearly half in just six months, the potential impact has been sudden and wide ranging.

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Recalls of the Week: Wrapping Up a Record Year

January 16, 2015 2:36 pm | by Bridget Bergin, Associate Editor, Manufacturing.Net

So far, 2015 is off to a pretty good start in terms of recalls, at least compared to last year. Last year was a spectacularly bad year in recalls.                               

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Fed: Industrial Production Showed Strong Growth in 2014

January 16, 2015 2:30 pm | by Andrew Szal, Digital Reporter, IMPO

Factory production increased at the fastest rate in four years in 2014, according to the latest monthly numbers from the Federal Reserve.                                 

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New Rules Could Open Cuba to Wide Range of American Trade

January 16, 2015 2:25 pm | by Andrew Szal, Digital Reporter, IMPO

The Obama administration's new guidelines regarding relations with Cuba take effect today, potentially opening the Caribbean nation to a wide range of American products.                       

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Illinois Community College to Offer Degree in Fracking

January 16, 2015 11:14 am | by Maura Falk, Associate Editor

According to the Associated Press, Lincoln Trail College, an Illinois community college, is planning on adding a petroleum drilling technology degree program to its curriculum this fall. The new addition is designed to help prepare students for careers in hydraulic fracturing, or fracking. 

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Oil-Rite Corp. Introduces New Lubrication Product Hydracision

January 16, 2015 10:44 am | by Oil-Rite Corporation

Hydracision is a new lubrication product designed, manufactured, and patented by Oil-Rite Corporation. It distributes oil to many separate points – as few as 12 and as many as hundreds.                 

U.S. Probes Jeep Cherokee Fire, Nissan Rogue Air Bag Trouble

January 16, 2015 10:26 am | by The Associated Press

U.S. auto safety regulators are investigating engine compartment smoke or fire complaints in two Jeep Cherokees, and air bags that didn't inflate properly in two Nissan Rogues.                     

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U.S. Consumer Prices Drop in December

January 16, 2015 10:01 am | by Martin Crutsinger, The Associated Press

U.S. consumer prices fell in December by the largest amount in six years, reflecting another big monthly decline in gas prices and providing further evidence of falling inflation pressures.                 

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Monsanto Gets U.S. Approval for New GMO Seeds

January 16, 2015 9:54 am | by The Associated Press

Agriculture business giant Monsanto Co. said Thursday it received approval from the Department of Agriculture for new cotton and soybean seeds designed to be used with a new herbicide formula.                 

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Can Manufacturing Learn a Lesson From Farm-to-Table?

January 16, 2015 9:33 am | by Andrew Anagnost, Senior Vice President of Industry Strategy & Marketing at Autodesk

Can a farm-to-table mentality also translate to manufacturing and maintain the efficiency of automation? Is “know your farmer” transitioning into “know your product manufacturer,” even if it’s on a newly defined local and global scale? Are mass-produced, unsustainable products getting a “Frankenfood” type of reputation now?

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BP Cuts Staff, Contractors as Oil Prices Fall

January 15, 2015 2:34 pm | by The Associated Press

BP has announced it will cut an estimated 200 staff jobs and another 100 contracting jobs in light of falling oil prices.                                     

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