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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Google Gets More Guarded About Acquisition Numbers

February 14, 2014 9:19 am | by The Associated Press

The subtle change surfaced this week in Google's 2013 annual report. Google Inc. didn't quantify the total number of deals that it closed last year in the regulatory filing, marking the first time that the U.S. company has withheld that detail since going public in 2004.

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5 Things To Know About The UAW Vote At Volkswagen

February 14, 2014 9:14 am | by Erik Schelzig, Associated Press

Employees at the Volkswagen plant in Chattanooga, Tenn., are voting on whether they want to be represented by the United Auto Workers union. With a three-day election wrapping up Friday, here's a look at what's at stake.         

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Avon Sets Aside More Money For Bribery Settlement

February 13, 2014 4:33 pm | by The Associated Press

Avon said Thursday that it could pay up to $132 million to settle a long-running bribery investigation and posted another loss, its fourth over the past five quarters. The beauty products direct seller has been cutting costs, eliminating jobs, and leaving markets as its sales decline.

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Nestle: Consumer Demand To Remain Weak In 2014

February 13, 2014 4:31 pm | by John Heilprin, Associated Press

Nestle, the world's biggest food and drinks maker, said Thursday it expects 2014 to be just as challenging as last year amid falling growth in emerging markets and weaker prices in Europe.                   

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U.S. Businesses Boost Inventories As Sales Slow

February 13, 2014 4:29 pm | by The Associated Press

U.S. businesses restocked their shelves and warehouses at a faster pace in December, but sales slowed, a cautionary sign for the economy. The Commerce Department says inventories rose 0.5 percent after a 0.4 percent increase in November. Sales growth fell to just 0.1 percent, from 0.7 percent in November.

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Debt Limit Saves GOP From Political Showdown

February 13, 2014 4:27 pm | by Donna Cassata, Associated Press

Republicans' new acquiescence to letting the government increase debt paid double political dividends: It spared the GOP another politically debilitating showdown with President Barack Obama and also forced Democrats to cast votes that rivals immediately used against them in this year's midterm elections.

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Court: Ind. Owes IBM Nearly $50M In Welfare Fight

February 13, 2014 4:25 pm | by The Associated Press

IBM Corp. failed to deliver its part of a deal to privatize Indiana's welfare system, but the company is still entitled to nearly $50 million in fees that the state agreed to pay, the Indiana Court of Appeals found Thursday.        

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Nissan Recalling Over 18,000 Vehicles In Japan

February 13, 2014 4:22 pm | by The Associated Press

In a report filed with Japan's transport ministry, the automaker said compressed air induction pipes in the vehicles may detach due to vibration from diesel turbo engines, potentially making it impossible for the vehicles to accelerate or causing engines to stall.

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Nuclear Fusion Project Takes Key Step In Lab Test

February 13, 2014 2:02 pm | by Malcolm Ritter, AP Science Writer

Scientists say they've taken a key step toward harnessing nuclear fusion as a new way to generate power, an idea that has been pursued for decades. They are still a long way from that goal. The amount of energy they got out of their experimental apparatus was minuscule compared to what they put into it.            

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Marchionne Optimistic He'll Get Canadian Aid

February 13, 2014 1:53 pm | by Rob Gillies, Associated Press

Fiat Chrysler Automobiles chief executive Sergio Marchionne said Thursday he's more than halfway to getting what he's seeking from the Canadian and Ontario governments for a proposed multibillion upgrade to its Canadian plants.        

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Pilots' Union Rejects Contract At American Eagle

February 13, 2014 1:43 pm | by David Koenig, AP Airlines Writer

Eagle wanted the pilots to make labor-cost concessions in exchange for getting new, larger planes. Leaders of the local Air Line Pilots Association chapter rejected the offer Wednesday without sending it to members for a vote.        

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Study: Manufacturers Will Benefit From Low-Cost U.S. Natural Gas

February 13, 2014 1:32 pm | by The Boston Consulting Group (BCG)

Cheap natural gas will have a greater impact on U.S. manufacturing over the next several years than is commonly assumed, giving the U.S. a powerful cost advantage that will benefit a wide range of industries across the full value chain, from feedstock to finished goods.

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PepsiCo Sticks By Beverages Despite Struggles

February 13, 2014 1:29 pm | by The Associated Press

PepsiCo plans to stick by its struggling North American beverage unit, with hopes that the introduction of naturally sweetened, lower-calorie beverages will help revive soft drink sales.                    

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Gov: Bridgestone Agrees To Plead Guilty

February 13, 2014 1:27 pm | by The Associated Press

Bridgestone Corp. has agreed to plead guilty in a price-fixing conspiracy and pay a $425 million criminal fine in a Justice Department investigation that has swept the automotive parts industry.                 

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Industrial Manufacturing Deal Activity Picks Up In Second Half Of 2013

February 13, 2014 11:30 am | by PwC US

Merger and acquisition (M&A) activity in the industrial manufacturing sector increased in the second half of 2013, with a 20 percent uptick in activity in the final six months of the year compared to the first half, according to Assembling Value, an annual analysis of global deal activity in the industrial manufacturing industry by PwCUS.

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China's Auto Sales Growth Tumbles In January

February 13, 2014 10:17 am | by The Associated Press

Chinese leaders see auto manufacturing as a driver of economic development. But rapid growth has left Beijing, Shanghai, and other major cities choking on smog. Some cities have responded by limiting the number of new vehicle registrations.    

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Applications For Jobless Benefits Rise To 339K

February 13, 2014 10:13 am | by The Associated Press

The number of people seeking U.S. unemployment benefits rose 8,000 last week to 339,000, evidence that layoffs ticked up. Still, the increase wasn't enough to suggest the job market is worsening.                

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China Announces $1.6B Air Pollution Fund

February 13, 2014 10:02 am | by The Associated Press

The fund will be set up to reward rather than offer subsidies for the prevention and control of air pollution in the key areas, according to a statement released after a Wednesday meeting of the State Council led by Premier Li Keqiang.     

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Toyota Recalls 294,000 Vehicles

February 13, 2014 9:41 am | by The Associated Press

Toyota Motor Corp. said Thursday the recall affects the RAV4 sport utility, Tacoma pickup, and Lexus RX 350 luxury model, manufactured from March 2012 through December 2012. Some 260,000 of the vehicles were sold in the U.S.        

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GM Recalling Nearly 780,000 Compact Cars

February 13, 2014 9:39 am | by The Associated Press

General Motors is recalling nearly 780,000 compact cars in North America because the engines can shut down unexpectedly and cause crashes. The company says six people have been killed in crashes related to the problem.          

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