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Daily industrial news and top headlines for plant and maintenance managers

VW More Than Doubles Earnings In 2011

February 24, 2012 9:48 am | by The Associated Press

Automaker Volkswagen said its net earnings more than doubled last year as revenues grew by more than a quarter and the company benefited from accounting factors related to its stalled takeover of Porsche.


Unemployment Applications Stay At 4-Year Low

February 24, 2012 9:46 am | by Christopher S. Rugaber, AP Economics Writer

Applications stayed last week at a seasonally adjusted 351,000, the Labor Department said Thursday. That's the fewest since March 2008, when the country was just a few months into the recession.


Union Sues To Block Indiana's Right-To-Work Law

February 23, 2012 2:23 pm | by Charles Wilson, Associated Press

Union members went to federal court Wednesday to ask a judge to block Indiana's new right-to-work law from being enforced, the first lawsuit and latest conflict over the divisive legislation.


HP CEO Pleads Patience As Earnings Fall 44 Percent

February 23, 2012 2:20 pm | by Anick Jesdanun, AP Technology Writer

Hewlett-Packard Co. CEO Meg Whitman pleaded for patience as she described operational challenges and other internal problems that contributed to a decline in earnings at one of the world's largest technology companies.


Court Suspends iPad Trademark Ruling

February 23, 2012 2:18 pm | by The Associated Press

A lawyer representing Shenzhen Proview Technology, Ma Dongxiao, says Thursday that the court stopped proceedings, citing a pending case on the trademark fight in a higher court.


Bankruptcy Judge Approves Solyndra Bonuses

February 23, 2012 2:15 pm | by The Associated Press

A judge approved close to $370,000 in bonuses for 20 employees of Solyndra, a solar panel manufacturer that received a half-billion dollar loan from the federal government before declaring bankruptcy.


Germany To Cut Subsidies For Solar Power

February 23, 2012 2:11 pm | by Juergen Baetz, Associated Press

Germany plans to reduce government subsidies supporting solar power by up to 30 percent within a year because higher-than-expected demand has made the scheme far more costly than authorities initially expected.


IN Steel Mill Thrives After Bankruptcy

February 23, 2012 2:07 pm | by The Associated Press

A steel mill that fell into bankruptcy a decade ago before being purchased by Steel Dynamics is thriving and being readied for a $76M expansion expected to boost its annual production to nearly 1 million tons of steel.


Microsoft Hits Motorola, Google With EU Complaint

February 22, 2012 2:04 pm | by Gabriele Steinhauser, AP Business Writer

Microsoft lodged a formal complaint with the EU's competition regulator against Motorola Mobility and its soon-to-be owner Google, saying Motorola's aggressive enforcement of patent rights against rivals breaks competition rules.


Community Colleges Offer Speed, High-Tech Skills

February 22, 2012 2:02 pm | by Justin Pope, AP Education Writer

Company president Kevin LaComb describes the school as concierge-style job training — exactly what his workers need to keep a quality advantage over lower-cost competitors overseas.


Ford To Add $3.8B To Pension Plans

February 22, 2012 2:00 pm | by The Associated Press

Ford Motor Co. will pump $3.8 billion into its global pension plans this year as it tries to get them closer to fully funding their obligations.

Peugeot In Alliance Talks With GM

February 22, 2012 1:58 pm | by Greg Keller, AP Business Writer

PSA Peugeot Citroen is in talks over a possible alliance with General Motors, a deal that could dwarf France's leading car maker's existing partnerships with BMW, Mitsubishi, and Toyota.


AT&T CEO Takes $2M Pay Cut Over T-Mobile Deal

February 22, 2012 1:55 pm | by Peter Svensson, AP Technology Writer

AT&T Inc.'s board cut CEO Randall Stephenson's 2011 pay by $2.08 million because he engineered the failed deal to buy T-Mobile USA, according to a regulatory filing.

Charger, Dodge's Large Sedan Impresses

February 22, 2012 1:54 pm | by Ann M. Job, For The Associated Press

Forget about retro, nostalgia stuff. The 2012 Dodge Charger is an impressive, large, rear-wheel drive sedan for today's buyers who want to stand out from the crowd.


Company Sues Apple Over iPad Name

February 22, 2012 10:09 am | by Elaine Kurtenbach, AP Business Writer

Apple defended its right to use the iPad trademark in China in a heated court hearing Wednesday that pitted the electronics giant against a struggling company that denies it sold the mainland China rights to the tablet's name.


Honda Recalling 46,000 Vans

February 22, 2012 10:07 am | by The Associated Press

Honda is recalling nearly 46,000 Odyssey minivans because the rear doors can fall on people unexpectedly, and have on at least two occasions.


Obama Seeks 28 Percent Corp. Tax Rate

February 22, 2012 10:06 am | by Jim Kuhnhenn, Associated Press

President Barack Obama is proposing to cut the corporate tax rate from 35 percent to 28 percent and wants an even lower effective rate for manufacturers, a senior administration official says, as the White House lays down an election-year marker in the debate over tax policy.

RIM Releases Belated PlayBook Software

February 22, 2012 10:04 am | by Rob Gillies, Associated Press

Research In Motion released a free upgraded operating system for its struggling PlayBook computer tablet on Tuesday, almost a year later than it first said it would.


Electro-Motive Strikes Closeout Deal With CAW

February 22, 2012 10:02 am | by The Associated Press

Electro-Motive Canada says it has reached a tentative closeout deal for the "safe and orderly" shutdown of its locomotive manufacturing plant in London, Ont.


OSHA Cites Hershey Distribution Plant

February 22, 2012 10:00 am | by Mark Scolforo, Associated Press

Federal labor officials said they found nine workplace violations at a candy repackaging and distribution facility owned by The Hershey Co. and operated by Exel Inc., and proposed penalties of $283,000.



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