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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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