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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Detroit: Bankruptcy Plan Will Be Filed Next Week

February 10, 2014 2:30 pm | by The Associated Press

The city of Detroit says it will file a plan to emerge from bankruptcy next week, just days before a March 1 deadline. The disclosure was made Monday by attorney Bruce Bennett during a hearing in the case.             

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U.S. Business Group Wants China To Expedite Reforms

February 10, 2014 2:26 pm | by The Associated Press

A U.S. business group is urging China to expedite recently announced economic reforms, saying it will smooth the way for an investment treaty being negotiated between the world's two largest economies.              

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New Microsoft CEO's Collegial Style Sparks Hope

February 10, 2014 2:23 pm | by Ryan Nakashima, AP Business Writer

Experts on leadership say the change in tone is a necessary cultural shift for a mature company transitioning into new businesses while letting go of past successes and missed opportunities.                  

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Cargill To Expand Seed And Oil Research

February 10, 2014 2:05 pm | by Pat Ferrier, The Coloradoan

With an eight-year turnaround from research to yield, Cargill's expansion in Fort Collins will reach into the next generation of oils to meet consumer needs including Omega 3 for brain and eye development, said Lorin DeBonte of Cargill Specialty Seeds & Oils.

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Google Passes Exxon To Be No. 2 U.S. Company

February 10, 2014 2:01 pm | by The Associated Press

According to FactSet data, the Internet company's market capitalization surpassed that of oil company Exxon Mobil Corp. last week. As of Friday's market close, it sat at $395.42 billion compared with the oil company's $392.66 billion.     

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Calif. Company Seeks N.M. Peanut Butter Plant For $18.5M

February 10, 2014 2:00 pm | by The Associated Press

The Portales News-Tribune reports that Trustee Clarke Coll asked a federal bankruptcy judge in Albuquerque last month to approve the sale of the Portales-based Sunland Inc. to Ready Roast Nut Co. in Hughson, California.          

FDA Reconsiders Heart Safety Of Common Pain Pills

February 10, 2014 1:55 pm | by Matthew Perrone, AP Health Writer

The key question is whether naproxen — the key ingredient in Bayer's Aleve and many other generic pain pills — carries a lower risk of heart attack and stroke than rival medications like ibuprofen, sold as Advil by Pfizer and Motrin by Johnson & Johnson, among others.

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Airbus Shows Off A350 At Big Asian Airshow

February 10, 2014 1:51 pm | by Kelvin Chan, AP Business Writer

Airbus showed off its new wide-body A350 on Monday ahead of Asia's biggest airshow, signaling that the jet's delivery schedule is on track and stepping up its battle with Boeing for the lucrative long-haul market.           

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Honda To Recall 80,000 Hybrid Cars Over Transmission Glitch

February 10, 2014 9:51 am | by The Associated Press

Honda Motor Co. said Monday it will recall a total of 81,353 units of its Fit and Vezel hybrid cars due to a transmission software problem that could prevent smooth starting.                     

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Toyota To End Car Manufacturing In Australia

February 10, 2014 9:46 am | by Kristen Gelineau, Associated Press

Toyota's announcement, which will result in the loss of around 2,500 jobs, was widely anticipated, coming just two months after General Motors Co. said it would end production in Australia by 2017. Ford Motor Co. announced in May that it would cease Australian production in 2016.

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Judge Rejects Hybrid Appeal In Fisker Bankruptcy

February 10, 2014 9:41 am | by Randall Chase, AP Business Writer

The Delaware judge denied an emergency motion by Hybrid Technology, a group led by Hong Kong billionaire Richard Li, to appeal a previous ruling limiting how much debt it could use to buy Fisker.                 

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Lawyer: Owners Not Liable For Bangladesh Factory Fire

February 10, 2014 9:36 am | by Julhas Alam, Associated Press

The Tazreen factory, located outside the capital, Dhaka, produced clothing for major retailers including Wal-Mart. Investigators say it had no emergency exits and workers found the gates locked from the outside.              

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Calif. Company Recalls 8.7M Pounds Of Meat

February 10, 2014 9:32 am | by The Associated Press

A northern California company is recalling more than 8.7 million pounds (3.95 million kilograms) of beef products because it processed diseased and unhealthy animals without a full federal inspection, U.S. officials said Saturday.      

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U.S. Economy May Be Stuck In Slow Lane For Long Run

February 10, 2014 9:28 am | by Josh Boak, AP Economics Writer

Two straight weak job reports have raised doubts about economists' predictions of breakout growth in 2014. The global economy is showing signs of slowing — again. Manufacturing has slumped. Fewer people are signing contracts to buy homes. Global stock markets have sunk as anxiety has gripped developing nations.

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Special Financing Available For Cushman Purchases At The Rental Show

February 7, 2014 4:56 pm | by Cushman

Attendees of the American Rental Association’s The Rental Show may be eligible for an exclusive financing offer on Cushman vehicle purchases. Several of Cushman’s newest vehicles will also be showcased.              

Illinois Tool Works Sells Packaging Unit For $3.2B

February 7, 2014 2:09 pm | by The Associated Press

Illinois Tool Works is selling its packaging division to The Carlyle Group for $3.2 billion and plans to use the money to buy back shares. Carlyle says the packaging division has 88 manufacturing sites on six continents.         

Idaho Dairies Seek To Stop Activists From Filming

February 7, 2014 2:02 pm | by John Miller, Associated Press

The legislation, backed by some of the nation's largest milk producers, would put people who surreptitiously film their operations in jail for up to a year and slap them with a $5,000 fine. The measure follows Utah and Missouri, states that have already enacted so-called "ag gag laws."          

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Cargill Adds 'Textured Beef' Wording To Labels

February 7, 2014 1:58 pm | by The Associated Press

Cargill, one of the nation's largest meatpackers, has added wording to its labels on ground beef packages that indicates whether the meat inside includes a product that's been called "pink slime."               

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U.S. Closes Antitrust Probe Of Samsung

February 7, 2014 1:55 pm | by The Associated Press

The Justice Department says it has closed an investigation of Samsung Electronics Co. Ltd. over alleged misuse of patents to exclude some Apple iPhone and iPad models from the U.S. market.                  

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Ind. Company Taking Lead In Side-Impact Crashes

February 7, 2014 1:51 pm | by Michelle Sokol, The Republic

The National Highway Traffic Safety Administration has proposed a new rule requiring car seats to withstand side-impact collisions of up to 30 mph. The new standards are expected to prevent about five deaths and 65 injuries each year, a "very, very conservative estimate," according to the safety administration.

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