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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Apple Said To Take $14B Bite Of Stock Via Buyback

February 7, 2014 1:46 pm | by The Associated Press

Apple has reportedly repurchased $14 billion of its stock in the two weeks after its first-quarter financials and second-quarter revenue outlook disappointed investors.                        

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Renault-Nissan Alliance Logs Record Global Vehicle Sales In 2013

February 7, 2014 10:11 am | by The Associated Press

Nissan Motor Co. said Friday the Renault-Nissan alliance sold a record 8.27 million vehicles globally in 2013 due to strong performance in China and the United States, the group's two largest markets.               

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Sony To Cut 5,000 Jobs By March 2015

February 7, 2014 10:08 am | by Yuri Kageyama, AP Business Writer

The company said it's cutting its global workforce by about 3 percent or 5,000 people by the end of March 2015 as it restructures its PC, television, and other businesses. That comes on top of the 10,000 jobs cuts Sony announced over the previous year.

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Leak, Fire Shut Down Neb. Beef Processing Plant

February 7, 2014 10:04 am | by The Associated Press

The Lincoln Journal Star reports workers at the Cargill plant in Schuyler detected the ammonia leak around 3:40 a.m. Thursday. Smoke and flames were reported several minutes later above an area where beef carcasses are trimmed to smaller cuts.  

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Oreo Maker Mondelez To Close Philly Bakery

February 7, 2014 9:49 am | by The Associated Press

Mondelez International Inc., the maker of Oreo cookies and Ritz crackers, said Thursday that it will close a Philadelphia bakery by 2015 as part of a plan to restructure its supply chain and save money.                

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UAW Critics Take Differing Approaches To VW Vote

February 7, 2014 9:40 am | by Erik Schelzig, Associated Press

Two of the more vocal Republican critics of efforts to unionize the Volkswagen assembly plant in Tennessee are taking opposing approaches to a pending vote over United Auto Workers representation next week.              

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Kellogg Cereals Struggle To Keep Spot At The Table

February 6, 2014 2:12 pm | by Candice Choi and Michelle Chapman, AP Business Writers

Kellogg's cereals keep getting pushed aside at the breakfast table. The maker of Frosted Flakes, Pop Tarts, and Eggo waffles said Thursday that sales in its flagship U.S. breakfast unit declined 4 percent.              

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Distributor, Maker Of E-Pull-Tabs Fight In Court

February 6, 2014 2:04 pm | by The Associated Press

Two companies instrumental in launching Minnesota's electronic pull-tab gambling games are fighting in court, a battle that could disrupt the games that were initially launched to fund the new Minnesota Vikings stadium.         

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NC Would 'Do Anything' For Boeing Plant, 7K Jobs

February 6, 2014 1:59 pm | by Emery P. Dalesio, AP Business Writer

Assembling one of the largest package of tax breaks and other incentives in North Carolina history earned the state consideration for as many as 7,250 Boeing aircraft manufacturing jobs — but its $683 million offer was dwarfed by Washington state's winning promise of nearly $9 billion in corporate sweeteners.

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Fears Of Slowdown Sharpen Focus On Jobs Report

February 6, 2014 1:53 pm | by Christopher S. Rugaber, AP Economics Writer

Stock markets have sunk after signs of weaker growth in the United States, Europe, and China. Turmoil in developing countries has further spooked investors. The upheaval has renewed doubts about the Federal Reserve's next steps.       

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Applications For U.S. Jobless Aid Fall To 331K

February 6, 2014 1:48 pm | by Josh Boak, AP Economics Writer

The number of people applying for U.S. unemployment benefits declined 20,000 last week to 331,000, suggesting that Americans are facing fewer layoffs and better job prospects.                      

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U.S. Trade Deficit Up In December To $38.7B

February 6, 2014 1:42 pm | by The Associated Press

The U.S. trade deficit increased in December after hitting a four-year low in November. But for the year, the deficit fell to its lowest point since 2009 as exports rose to an all-time high.                  

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Bombardier Picked For UK Rail Contract Worth $1.6B

February 6, 2014 10:21 am | by The Associated Press

The British government announced Thursday that it intends to award a billion-pound contract to Bombardier, after a 10-day waiting period. Under the deal, Bombardier's rail division will supply 65 trains and a maintenance depot for Crossrail.   

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Group: Bangladesh Workers Threatened Over Union

February 6, 2014 10:18 am | by The Associated Press

A human rights group said Thursday that garment factory owners in Bangladesh have been intimidating and threatening workers who try to organize trade unions.                           

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Pa. Man Paralyzed By Tipped Toilet Prank Gets $5M

February 6, 2014 10:13 am | by The Associated Press

A man left paralyzed from the shoulders down when his relatives tipped over a portable toilet while he was inside has settled a Pennsylvania lawsuit against the toilet manufacturer, the relatives, and others for $5 million.       

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Volvo To Cut 4,400 Jobs In 2014

February 6, 2014 10:09 am | by Malin Rising, Associated Press

Volvo CEO Olof Persson said the job losses, which include the previously announced reduction of 2,000, will affect employees worldwide in group truck operations, as well as in technology, sales, marketing, IT, finance, and human resource departments.

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Boeing Increasing Monthly Production Rate Of 737

February 5, 2014 2:23 pm | by The Associated Press

Boeing is increasing the monthly production rate of its 737 to 42 airplanes, thanks in part to factory efficiency improvements. The company said Tuesday that the production rate has climbed about 33 percent since 2010's 31.5 planes a month.   

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Senator: U.S. Coal Sales Might Have Cost Taxpayers

February 5, 2014 2:20 pm | by Matthew Brown, Associated Press

Congressional investigators have found problems with federal coal sales that might have cost taxpayers $200 million or more in lost revenue, a senator said Tuesday.                         

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Ingersoll-Rand Increases Dividend By 19 Pct.

February 5, 2014 2:04 pm | by The Associated Press

Ingersoll-Rand plc said Wednesday that it is increasing its quarterly dividend by 19 percent and announced a $1.5 billion share repurchase program. Shares of the Irish industrial and commercial products maker jumped in trading in reaction.    

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Trustees: GE Misleads In Hudson Dredge Report

February 5, 2014 1:55 pm | by Michael Hill, Associated Press

Federal trustees who will assess General Electric's liability for harm done to the Hudson River's natural resources accused the company Monday of being misleading in a report that found no need to voluntarily expand dredging.        

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