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Daily industrial news and top headlines for plant and maintenance managers

Mo. Senate Panel Considers Blocking E15 Gasoline

January 24, 2014 9:29 am | by Jordan Shapiro, Associated Press

Amid warnings from business groups and car manufacturers about using higher concentrations of ethanol in gasoline, a Missouri Senate committee considered Thursday whether to permanently block a proposal allowing gas stations to sell fuel containing 15 percent ethanol.

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Parts That Can Cause Toilets To Burst Are Recalled

January 24, 2014 9:25 am | by The Associated Press

Watch out for exploding toilets. Flushmate, the maker of a high-pressure flushing system sold at Home Depot and Lowe's, is expanding its recall of the parts, because they can burst near a seam with force enough to shatter the toilet tank.

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Pepsico, Nestle To Boost Mexico Investments

January 24, 2014 9:22 am | by The Associated Press

PepsiCo said it plans to invest $5 billion in the country over the next five years, with the funds going toward efforts such as the expansion of its production lines and delivery infrastructure, and the strengthening of research and development capabilities.

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Lenovo Buys Part Of IBM Server Business For $2.3B

January 23, 2014 2:34 pm | by Joe McDonald, AP Business Writer

China's Lenovo Group is buying IBM's server business for $2.3 billion, expanding a product line-up dominated by PCs, tablets and smartphones. Lenovo, the world's biggest personal computer maker, said Thursday it expects to offer jobs to 7,500 IBM employees as part of its acquisition of the x86 server business.

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Michigan Seeks Visas To Lure Immigrants To Detroit

January 23, 2014 2:18 pm | by Jeff Karoub, Associated Press

The Republican governor said he is seeking 50,000 work visas solely for the city over five years. The type of visas involved are not currently allocated by region or state, but rather go to legal immigrants who have advanced degrees or show exceptional ability in certain fields.

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Small Businesses Have Wish List For New SBA Head

January 23, 2014 1:58 pm | by Joyce M. Rosenberg, AP Business Writer

Small business owners may be looking to the next SBA administrator for help making their companies stronger, but the role reaches into job creation and the health of the broader economy. More than 99 percent of the 27 million companies in the U.S. are small businesses. They employ about half the nation's workforce.

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Equipment Lease Finance Industry Confidence Higher In January

January 23, 2014 1:55 pm | by The Equipment Leasing & Finance Foundation

Overall, confidence in the equipment finance market is 64.9, the highest confidence level in two years, and an increase from the December index of 55.8.  An improved general outlook for economic activity among industry leadership contributed to the increase.

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GE Hitachi To Pay $2.7M Over False Nuke Claims

January 23, 2014 1:48 pm | by The Associated Press

A subsidiary of General Electric has agreed to pay $2.7 million to resolve claims its employees made false statements to the U.S. Department of Energy and Nuclear Regulatory Commission about a reactor component.           

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FDA Says It Is Studying Caramel Coloring In Soda

January 23, 2014 1:44 pm | by Mary Clare Jalonick, Associated Press

The agency's announcement comes in response to a study by Consumer Reports that shows varying levels of 4-methylimidazole — an impurity formed in some caramel coloring at low levels during the manufacturing process — in 12 brands of soda from five manufacturers.

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Manufacturing Outlook For Domestic And World Economy Improves

January 23, 2014 1:35 pm | by PwC US

With expectations that economic growth will continue in 2014, U.S. industrial manufacturers expressed optimism about the U.S. economy, and more importantly, toward the broader world economy, which has reached the highest level since the fourth quarter of 2010, according to the Q4 2013 Manufacturing Barometer, released today by PwC US. 

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China Factory Index: 1st Contraction In 6 Months

January 23, 2014 9:55 am | by The Associated Press

Chinese manufacturing looks set to contract in January for the first time in six months, according to an survey released Thursday, further evidence of a slowdown that complicates reform efforts in the world's No. 2 economy.        

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Toyota World's Top Selling Automaker For 2nd Year

January 23, 2014 9:53 am | by Yuri Kageyama, AP Business Writer

Toyota remained the top-selling automaker for the second year in a row, beating U.S. rival General Motors by some 270,000 vehicles in 2013, and set an ambitious target to sell more than 10 million vehicles this year. That would mark a milestone as no automaker has ever topped annual worldwide sales of 10 million.

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Cargill To Pay $2.2M In Discrimination Settlement

January 23, 2014 9:50 am | by The Associated Press

The money will be used to pay back wages and interest to nearly 3,000 applicants who were rejected for jobs at facilities in Springdale, Ark.; Fort Morgan, Colo.; and Beardstown, Ill., between 2005 and 2009. U.S. Department of Labor officials say the company's hiring process discriminated based on sex, race, and ethnicity.

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Icahn Raises Apple Stake, Now Owns $3B In Stock

January 23, 2014 9:46 am | by Michael Liedtke, AP Technology Writer

Activist investor Carl Icahn has raised his stake in Apple as he escalates his campaign to pressure the company into buying back more of its stock while the shares remain stuck far below their peak price.              

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Survey: CEOs More Confident On Global Economy

January 22, 2014 2:03 pm | by John Heilprin and Pan Pylas, Associated Press

With the worst of the global financial crisis behind them, CEOs are ready to move on from the fight for survival their businesses have been in for the past few years, a survey found Tuesday.                 

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Jury Awards Manufacturer $52M In Lawsuit Against Bank

January 22, 2014 1:59 pm | by The Associated Press

A Montana jury has awarded an office supply manufacturer $52 million in its lawsuit against its former bank. Masters Group International Inc. sued Comerica Inc. after the bank reneged on a November 2008 agreement to delay collection of a $10.5 million line of credit while Masters negotiated another credit line.

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2nd Body Pulled From Collapsed Feed Plant

January 22, 2014 1:54 pm | by Margery A. Beck, Associated Press

Authorities on Tuesday recovered the body of a second worker who was killed when an Omaha animal feed manufacturing plant collapsed, while federal investigators tried to pinpoint a cause of the industrial accident that killed two and injured 17.

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Sandvik, Inc. Announces $12 Million S.C. Expansion

January 22, 2014 1:51 pm | by The Associated Press

Sandvik, Inc., manufacturer of carbide inserts for the metal cutting industry and subsidiary of the Swedish company Sandvik, AB, is expanding its operations in Oconee County. The $12 million investment is expected to increase the company's production at its Westminster facility.

Feds: Va. State Workers Discussed As Test Subjects

January 22, 2014 1:42 pm | by The Associated Press

A federal indictment says officials at dietary supplement maker Star Scientific Inc., which is central to a gift scandal involving former Gov. Bob McDonnell, discussed using Virginia state employees as test subjects for one of their products.   

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Hewlett-Packard To Repay $459K In State Incentives

January 22, 2014 1:37 pm | by The Associated Press

The Arkansas Economic Development Commission says it's negotiated an agreement for Hewlett-Packard Co. to repay $459,000 of the state incentives it received to build a customer-service center in Conway. The company received $10 million from an incentive fund the governor controls to go toward infrastructure for the Conway center.

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