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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Intel Cuts Sales Outlook As PC Sales Slump

July 18, 2013 4:52 pm | by Peter Svensson, AP Technology Writer

Intel Corp., the world's largest maker of chips for PCs, put a brave face on the decline of the global PC sales earlier this year, saying it still expected its own sales to grow. On Wednesday, it backtracked, saying sales will be flat. Intel is hoping that sales of processors for servers, tablets and smartphones will compensate for the drop-off in PC sales.

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Dell Delays Buyout Vote, A Sign It Lacks Support

July 18, 2013 4:52 pm | by David Koenig, Michael Liedtke, AP Business Writers

Dell has delayed Thursday's vote on founder Michael Dell's plan to take the slumping computer maker private in a sign the board needs more time to rally support. Dell called a special shareholders meeting to order, then quickly adjourned it without a formal vote of the $24.4 billion buyout offer from Michael Dell and a group led by investment firm Silver Lake.

Senate Ready To Approve Labor Dept. Chief

July 18, 2013 4:52 pm | by Alan Fram, Associated Press

The Senate was poised Thursday to approve President Barack Obama's choice to head the Labor Department after lawmakers, by the thinnest of margins, voted to remove obstacles blocking the confirmation while honoring a bipartisan pact for approving top nominations.

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ArcelorMittal Scraps Plan For Steel Plant In India

July 18, 2013 4:51 pm | by Nirmala George, Associated Press

ArcelorMittal, the world's largest steelmaker, has abandoned plans for an $8.5B steel plant in eastern India in the second major blow this week to the government's efforts to lure foreign investment. The company said Wednesday it decided to scrap the steel plant in Orissa state after a seven year delay in acquiring land. Its decision came a day after South Korean steel giant Posco dropped plans for a steel plant in southern Karnataka state.

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U.S. Unemployment Aid Applications Drop To 334K

July 18, 2013 4:51 pm | by Christopher S. Rugaber, AP Economics Writer

The number of Americans applying for unemployment benefits fell 24,000 last week to a seasonally adjusted 334,000, a sign that steady job gains should continue. The drop left unemployment benefit applications at the lowest level in 10 weeks, the Labor Department said Thursday. Some of the decline may have been caused by seasonal factors.

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OSHA Cites Ford's Buffalo Plant Over Asbestos

July 18, 2013 4:51 pm | by The Associated Press

Federal safety officials have cited Ford Motor Co.'s Buffalo-area plant for alleged asbestos violations. The Labor Department's Occupational Safety and Health Administration has proposed fines of $41,800. OSHA officials say inspectors found eight violations. One involved a pipefitter who they say was exposed to asbestos while working on a steam line.

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Hostess: Snack Cake Demand Hits New Highs

July 18, 2013 2:24 pm | by The Associated Press

Hostess Brands says demand for Twinkies and CupCakes is at a record high since the snack cakes returned to shelves. The treats disappeared from shelves almost eight months ago when the predecessor company that made them shut down its plants and said that it was going out of business. The cakes are back under new ownership.

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EU Official: China Can Curb Pollution, Still Grow

July 18, 2013 2:22 pm | by The Associated Press

The European Union's environment commissioner says China can curb pollution without sacrificing economic growth. Janez Potocnik also says China's serious pollution problems are an opportunity for European businesses that have developed technology to clean up water and air pollution.

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WTO Sees EU, U.S. Trade Prowess Shifting

July 18, 2013 2:21 pm | by The Associated Press

Any way you look at it, the United States and European Union will remain dominant players in world trade over the next two decades. The real question, says the World Trade Organization in a new report, is how much ground they cede to rising economies like China.

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Security Experts To Test Phone Anti-Theft Locks

July 18, 2013 2:19 pm | by Terry Collins, Associated Press

The top prosecutors in San Francisco and New York say they are bringing in state and federal security experts to test the newest anti-theft features designed to thwart the surge of stolen smartphones nationwide. Security experts will be in San Francisco to test Apple's iPhone 5 with its activation lock and Samsung's Galaxy s4 with Lojack for Android.

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Utility Begins Legal Dispute Against Mitsubishi

July 18, 2013 2:17 pm | by The Associated Press

Southern California Edison, an electric utility company that retired the San Onofre Nuclear Generating Station last month, said Thursday it has served a notice of dispute to Mitsubishi Heavy Industry Ltd., holding the Japanese company accountable for manufacturing defective steam generators that led to the closing of the station.

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Senate OKs Obama Pick To Head Labor Dept.

July 18, 2013 2:14 pm | by Alan Fram, Associated Press

A divided Senate confirmed Thomas Perez on Thursday to become secretary of labor, elevating the son of Dominican immigrants who as a top Justice Department official won praise from Democrats for aggressively enforcing civil rights laws and criticism from Republicans for being a liberal ideologue.

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Chrysler To Roll Out All-New Midsize Car Next Year

July 17, 2013 2:19 pm | by Tom Krisher, AP Auto Writer

Chrysler will start selling a completely new midsize car during the first quarter of next year, company executives confirmed on Tuesday. The replacement for the aging Chrysler 200 and Dodge Avenger is badly needed for the company to compete with the likes of the Toyota Camry and Honda Accord in the most popular part of the U.S. auto market.

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Diamond Electric Pleads Guilty To Price Fixing

July 17, 2013 2:18 pm | by The Associated Press

Japanese auto supplier Diamond Electric Manufacturing Co. has agreed to plead guilty and pay a $19 million criminal fine for its role in a price-fixing scheme. The U.S. Department of Justice said Tuesday that Diamond Electric rigged bids and fixed prices on ignition coils it sold to Ford Motor Co., Toyota Motor Corp. and others. The conspiracy lasted from 2003 through 2010.

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VT Gov. Urges IBM To Go Public With Layoff Numbers

July 17, 2013 2:16 pm | by The Associated Press

Vermont Gov. Peter Shumlin is urging IBM Corp. to make public the number of employees it laid off last month at its Vermont facilities. And the governor says if he and his lawyer conclude the Vermont Public Records Act requires it, his administration will release the number whether IBM wants to or not.

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Valero Refinery Planning For Expansion

July 17, 2013 2:14 pm | by The Associated Press

Construction on a $700 million expansion at Valero Refinery's St. Charles Parish plant is expected to begin sometime in late 2015 or early 2016. The plant occupies roughly 1,000 acres along the Mississippi River in Norco. The expansion will include construction of a large methanol unit, designed to compress natural gas into liquid in order to manufacture chemicals and plastics.

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Food Service Manufacturer To Expand In NC

July 17, 2013 2:13 pm | by The Associated Press

An Illinois-based food service and food packaging manufacturer says it's expanding its facilities in North Carolina's Lenoir and Iredell counties, with additional plans to create 77 jobs. North Carolina Gov. Pat McCrory's office announced Tuesday that Pactiv LLC will invest more than $9 million in its facilities in Kinston and Mooresville.

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Chevron, YPF Sign $1.5B Shale Oil Deal

July 17, 2013 2:11 pm | by Michael Warren, Associated Press

Argentina's state-controlled YPF oil company has persuaded Chevron Corp. to sign a long-sought deal to invest $1.24 billion in developing the South American country's shale oil deposits. The joint venture adds up to $1.5 billion overall, the first major foreign oil investment in Argentina since President Cristina Fernandez seized control of YPF from Spain's Grupo Repsol last year.

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Law Firm To Sue Boeing Over Asiana Crash

July 17, 2013 10:00 am | by The Associated Press

A Chicago law firm has taken steps to sue Boeing Co. on behalf of 83 people who were aboard the Asiana Airlines flight that crash-landed in San Francisco earlier this month, alleging that a malfunction of the plane's auto throttle may have caused the crash.

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Ford To Recalibrate Hybrids, Improve Fuel Economy

July 17, 2013 9:59 am | by The Associated Press

Ford Motor Co. is offering free upgrades to U.S. and Canadian hybrid customers to improve their fuel economy. The company plans to recalibrate the vehicle control systems on 77,000 Ford C-Max and Fusion hybrids and Lincoln MKZ hybrids from the 2013 model year.

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