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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

New Environmental Rules May Raise Electricity Costs

October 21, 2014 1:58 pm | by The Associated Press

The cost of electricity would increase substantially and service reliability could be significantly affected under proposed federal environmental rules, the staff of the Virginia State Corporation Commission said.           

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GE, Honda Join To Power Legacy Cessna Jets

October 21, 2014 1:53 pm | by GE Reports

GE Aviation and Honda started manufacturing engines for Honda’s brand new HondaJet light jet in May, and the partners are not finished. The pair just announced a joint project with Sierra Industries to develop a program that would use the HondaJet’s engines to retrofit legacy Cessna business jets. 

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Unemployment Rates Fall in 31 States

October 21, 2014 1:40 pm | by Christopher Rugaber, The Associated Press

Unemployment rates fell in 31 U.S. states in September, including in many where incumbent governors and senators face tough re-election campaigns. The report is the final data on state unemployment before the Nov. 4 elections.       

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Kimberly-Clark To Cut up to 1,300 Jobs

October 21, 2014 1:36 pm | by The Associated Press

Kimberly-Clark plans to eliminate up to 1,300 jobs as part of restructuring efforts aimed at reducing costs and making its business more efficient.                             

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AbbVie To Pay Shire $1.64B Fee Over Failed Merger

October 21, 2014 10:05 am | by The Associated Press

AbbVie is walking away from its proposed $55 billion takeover bid of Shire and has agreed to pay the rival drugmaker a $1.64 billion breakup fee.                              

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U.S. Agency Warns Car Owners To Get Air Bags Checked

October 21, 2014 9:57 am | by Tom Krisher, The Associated Press

The U.S. government issued an urgent plea to more than 4.7 million people to get the air bags in their cars fixed, amid concern that a defect in the devices can possibly kill or injure the driver or passengers.           

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Toyota Adds 247K Vehicles to Air Bag Recall Tally

October 20, 2014 2:12 pm | by The Associated Press

Toyota is recalling 247,000 vehicles in high-humidity areas as an air bag problem that has plagued most of the auto industry continues to widen.                               

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iRobot Receives $7.6M Order From U.S. Navy

October 20, 2014 2:04 pm | by The Associated Press

iRobot Corp., the leader in delivering robotic technology-based solutions, has received a $7.6 million order from the Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division.            

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Canadian Pacific Ends CSX Deal Talks

October 20, 2014 10:47 am | by Tom Murphy, The Associated Press

Canadian Pacific Railway has ended talks with U.S. counterpart CSX about a possible combination and plans no more discussions.                                   

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IBM To Pay $1.5B to Shed its Costly Chip Division

October 20, 2014 10:42 am | by Michelle Chapman, The Associated Press

 IBM Director of Research John E. Kelly III said in an interview Monday that handing over control of the semiconductor operations will allow it to grow faster, while IBM continues to invest in and expand its chip research.        

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GE Sees Strong U.S. Economy as Profits Rise

October 20, 2014 10:13 am | by Jonathan Fahey, The Associated Press

General Electric Co. posted strong third quarter results, issued an upbeat forecast for the fourth quarter and said U.S. industrial activity is at its highest level since the financial crisis.                 

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General Motors' Legal Chief To Retire

October 20, 2014 10:07 am | by The Associated Press

General Motors' chief lawyer Michael Millikin, who withstood withering criticism from lawmakers for his department's handling of an ignition switch recall, is retiring early next year.                   

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Federal Reserve Chair Greatly Concerned by Widening Inequality

October 20, 2014 9:52 am | by Martin Crutsinger, The Associated Press

Federal Reserve Chair Janet Yellen sounded an alarm Friday about widening economic inequality in the United States, suggesting that America's longstanding identity as a land of opportunity was at stake.             

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Electrolux Buoyed by U.S. Growth

October 20, 2014 9:36 am | by The Associated Press

Growth in the U.S. and efficiency gains in Europe helped Swedish home-appliance maker Electrolux post a 42 percent jump in third-quarter profits.                              

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Survey: Pay Remains Stagnant Despite Strong U.S. Hiring

October 20, 2014 9:28 am | by Christopher Rugaber, The Associated Press

U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months.                  

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VibrAlign Expands Shaft Alignment Training

October 17, 2014 3:19 pm | by VibrAlign, Inc.

VibrAlign, Inc., American distributor of Fixturlaser Alignment tools, is proud to announce the expansion of their offerings as a shaft alignment training provider.                         

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U.S. Economy Strong Despite Global Slowdown Fear

October 17, 2014 1:54 pm | by Paul Wiseman, The Associated Press

Beyond the turmoil shaking financial markets, the U.S. economy remains sturdier than many seem to fear.                                          

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iPhone Glass Maker Cutting Jobs in Arizona

October 17, 2014 1:38 pm | by The Associated Press

A manufacturer of sapphire glass that Apple Inc. uses in iPhones plans to eliminate 727 jobs at an Arizona plant.                                       

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Hershey Wins Trademark Lawsuit Against Pot Company

October 17, 2014 1:30 pm | by The Associated Press

A Colorado marijuana company must recall or destroy its pot-infused edibles that resemble iconic Hershey treats as part of a settlement agreement with the chocolate company.                      

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Biofuels Plant Harbinger of Renewable Fuel Future

October 17, 2014 10:28 am | by Roxana Hegeman, The Associated Press

A new biofuels plant in southwest Kansas represents the future of ethanol production in the United States, Energy Secretary Ernest Moniz said.                               

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