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Daily industrial news and top headlines for plant and maintenance managers

U.S. Will Still Withhold Bangladesh Trade Benefits

February 11, 2014 1:37 pm | by The Associated Press

The U.S. government says Bangladesh has not made sufficient progress on improving labor standards to justify reinstatement of duty-free trade benefits suspended after the global textile industry's worst disaster.            

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Technology Firms Urge Changes To U.S. Spying

February 11, 2014 1:31 pm | by The Associated Press

Top executives from Google, Microsoft, Yahoo, Facebook, AOL, LinkedIn, and Twitter published a joint statement and sent a letter Tuesday to President Barack Obama and members of Congress. The coalition urges changes that would include a government agreement not to collect bulk data from Internet communications.

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Tenn. Lawmakers: VW Incentives Threatened By UAW

February 11, 2014 9:45 am | by Erik Schelzig, Associated Press

Republican lawmakers in Tennessee threatened that the state could turn off the spigot of incentives for Volkswagen if workers at the automaker's plant decide this week to approve union representation.               

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Explosion At N.H. Ball Bearings Plant Injures 15

February 11, 2014 9:43 am | by The Associated Press

Monday afternoon's blast at the New Hampshire Ball Bearings Inc. plant in Peterborough is being investigated but all indications were that it was an industrial-related incident, said Peterborough Fire Department spokesman Eric Bowman.     

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Airbus Seals Big A320 Order From VietJetAir

February 11, 2014 9:40 am | by The Associated Press

VietJetAir says it signed a deal to buy more than 90 A320 jets from Airbus that is worth about $9.1 billion at sticker prices. The discount airline and Airbus announced the deal Tuesday at the Singapore Airshow.            

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GM CEO Barra's Pay Package Worth $14.4M This Year

February 11, 2014 9:36 am | by The Associated Press

New General Motors CEO Mary Barra will get a pay package worth $14.4 million this year, 58 percent more than her male predecessor, the company said Monday. GM released the figure to counter reports that said Barra, the first woman to lead a major automaker, would be paid less than former Chairman and CEO Dan Akerson.

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5 Ways China's Slowdown Will Ripple Across Globe

February 11, 2014 9:32 am | by Joe McDonald, AP Business Writer

Growth has marched steadily downward over the past two years as Beijing clamped down on a spending boom that analysts worry has pushed debt to dangerous levels. That has meant less Chinese demand for imported goods from copper and cement to factory machinery and earth movers.

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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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