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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Bernanke Likens '08 Financial Crisis To Car Crash

January 16, 2014 1:50 pm | by Martin Crutsinger, AP Economics Writer

In his final public appearance as chairman of the Federal Reserve, Ben Bernanke took a moment to reflect on the 2008 financial crisis and compared it to a very bad car crash. During an interview at the Brookings Institute, he recalls some "very intense periods" during the crisis, similar to trying to keep a car from going over a bridge after a collision.

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Judge Dismisses Suit By French Goodyear Workers

January 16, 2014 1:40 pm | by Thomas J. Sheeran, Associated Press

A federal judge in Akron ruled late Wednesday against workers who had sued to block the shutdown of their plant in Amiens. The judge said the class-action lawsuit failed to prove contract violations or interference by the parent company in its French operations.

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Mass. Monks Brewing Beer Like European Brothers

January 16, 2014 1:32 pm | by Dave Martin, Associated Press

For more than a century, Catholic Cistercian monks known as Trappists have been brewing and selling what many beer lovers consider some of the best in the world. Eight monasteries — six in Belgium and one each in Holland and Austria — produce the only beer recognized by the International Trappist Association as authentic Trappist beer.

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Listeria Cantaloupe Farmers Seek Probation

January 16, 2014 1:27 pm | by Steven K. Paulson, Associated Press

Two Colorado cantaloupe farmers who pleaded guilty to charges related to a deadly listeria outbreak in 2011 are asking a federal judge for probation, saying jail time for them is excessive because justice has been served with the federal government's imposition of new food guidelines.

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Ford Recalls 27,933 Edge Crossovers

January 16, 2014 1:24 pm | by The Associated Press

Ford Motor Co. is recalling 27,933 Edge crossovers in the U.S. because a damper in the fuel line could crack and cause fuel leaks. The recall involves Edges from the 2012 and 2013 model years with 2.0-liter engines.          

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Ford: 1,000 New Hires Start Work At Kansas City Plant

January 16, 2014 1:20 pm | by The Association For Manufacturing Technology

Ford said it is welcoming nearly 1,000 new employees at its Kansas City Assembly Plant to prepare for the launch of the all-new Ford Transit that goes on sale in the U.S. this summer. The plant is home of the 2014 F-150 and will begin producing the all-new 2015 F-150 in the first quarter of 2015.

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Carlyle Group Makes $4.15B Offer For J&J Unit

January 16, 2014 10:01 am | by The Associated Press

Johnson & Johnson is being offered $4.15 billion by The Carlyle Group for its Ortho-Clinical Diagnostics business. The New Brunswick, N.J., company has until the end of March to decide whether to accept the offer.         

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Bombardier Signs $2B Deal With Saudi Airline

January 16, 2014 9:58 am | by The Associated Press

Bombardier Aerospace says it has signed a firm agreement to to sell 16 of its CS300 aircraft to a Saudi Arabian airline with an option to sell an additional 10 aircraft. The order for the 16 aircraft is valued at approximately US$1.21 billion, but should all 10 options be exercised, the value of the contract would increase to US$1.99 billion.

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European Car Market Endures Longest Slump Ever

January 16, 2014 9:55 am | by Colleen Barry, Associated Press

The European car market has endured its longest slump ever with a sixth straight year of contraction in 2013, but an unexpected surge in December sales may signal recovery, according to industry data released Thursday.         

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Gov't Charges Wal-Mart With Labor Violations

January 16, 2014 9:52 am | by Sam Hananel, Associated Press

The National Labor Relations Board says Wal-Mart illegally fired, disciplined, or threatened more than 60 employees in 14 states for participating in legally protected activities to complain about wages and working conditions. The labor board's general counsel first laid out the charges last November, but held off on filing a complaint while trying to work out a settlement with Wal-Mart.

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Vt. Manufacturer Wins $21M Military Contract

January 15, 2014 2:04 pm | by The Associated Press

Revision Military will supply 90,000 Advanced Combat Helmets to the Defense Logistics Agency. The Caledonia Record reports that Revision Military is one of only two qualified and approved suppliers for the helmet.           

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New Hyundai CEO On Quest To Regain Lost Market Share

January 15, 2014 2:00 pm | by Tom Krisher, The Associated Press

Under the new Hyundai CEO Dave Zuchowski's predecessor, John Krafcik, Hyundai posted huge sales gains and captured 5.1 percent of the U.S. market in 2011. Then the company's factories couldn't keep up with demand and sales slowed.     

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GM Predicts Modest Pretax Profit Gain This Year

January 15, 2014 1:55 pm | by Dee-Ann Durbin, AP Auto Writer

The No. 1 U.S. automaker joined others in forecasting slower growth in the red-hot U.S. market. Still, GM and industry analysts expect sales to reach or exceed 16 million for the first time since 2007. GM said it plans to use profits from the U.S. and China — now its largest market — to boost weaker parts of its business.

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Review: Site's Groundwater, Soil Cleanup Working

January 15, 2014 1:47 pm | by Betsy Blaney, Associated Press

The effort to clean up soil and groundwater contamination at the nation's only plant for assembling and disassembling nuclear weapons has been effective so far and will continue for years, according to the first five-year review of the site.   

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Auto Parts Maker To Build Facility In Missouri

January 15, 2014 1:42 pm | by The Associated Press

Janesville Acoustics plans to build a $13.4 million, 155,000-square-foot facility in Warrensburg to supply parts to a General Motors assembly plant in the Kansas City area. Gov. Jay Nixon says the project could create 164 fulltime jobs in Missouri.

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U.S. Wholesale Costs Rise On Gas Prices

January 15, 2014 1:40 pm | by Josh Boak, AP Economics Writer

The Labor Department said Wednesday that the producer price index, which measures costs before they reach the consumer, rose 0.4 percent last month from November. That ends three straight months of falling wholesale prices.       

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Prosecutors Join Forces To Investigate Monster

January 15, 2014 1:36 pm | by Terry Collins, Associated Press

Monster and other popular energy drinks have come under increasing scrutiny. The Food and Drug Administration has been investigating reports of deaths linked to energy drinks, but the agency noted that the reports don't prove the drinks caused the deaths.

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Obama To Nominate Calif. Businesswoman To Lead SBA

January 15, 2014 1:33 pm | by Jim Kuhnhenn, Associated Press

Rounding out his Cabinet, President Barack Obama intends to nominate Maria Contreras-Sweet, the founder of a Latino-owned community bank in Los Angeles and a former California cabinet secretary, to be head of the Small Business Administration.

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Ford's European Sales Down In 2013

January 15, 2014 10:03 am | by The Associated Press

Ford's money-losing European business saw sales fall 2.1 percent last year in a tough market where unemployment and a slow recovery are holding back buyers. The Dearborn, Michigan-based automaker sold 1.08 million cars in 19 European countries, as sales slipped for two of the company's mainstay models, the small Fiesta hatchback and compact Focus.

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Google Builds A 'Nest' For Future Of Smart Homes

January 15, 2014 10:00 am | by Michael Liedtke, AP Technology Writer

When our Internet-connected gadgets and home appliances all learn to talk to each other, Google wants to be at the center of the conversation. This imagined future is still a few years away, but Google is already preparing with its $3.2 billion acquisition of high-tech thermostat and smoke-detector maker Nest Labs.

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