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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Solar Company Shares Up On Earnings, Outlooks

February 17, 2012 3:00 pm | by The Associated Press

Shares of solar power companies rose Friday after two of them reported encouraging results in their earnings and a third company said it had regulatory approval to continue building a new solar power project in California.

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Manager Accused Of Stealing $2.7M From MO Company

February 17, 2012 1:18 pm | by The Associated Press

Kansas City Screw Products has filed a lawsuit alleging its former office manager stole nearly $2.7 million from the family-run business and that two banks should have caught the scheme.

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China Faces Conflict Of Law, Business In iPad Row

February 17, 2012 1:15 pm | by Joe McDonald, AP Business Writer

Chinese officials face a choice in Apple's dispute with a local company over the iPad trademark — side with a struggling entity that a court says owns the name or with a global brand that has created hundreds of thousands of jobs in China.

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Chrysler Pulls Request For $3.5B In Gov't Loans

February 17, 2012 1:13 pm | by The Associated Press

Chrysler is withdrawing its application for $3.5 billion in government loans that it planned to use to develop fuel-efficient vehicles.

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GM To Freeze Salaried Workers' Pensions

February 17, 2012 1:12 pm | by Jeff Karoub, AP Business Writer

General Motors Co. plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried employees annual bonuses but not pay raises in an effort to hold down expenses, officials announced.

100 AR Workers To Lose Their Jobs

February 17, 2012 1:09 pm | by The Associated Press

About 100 people in an eastern Arkansas town will lose their jobs after a copper tube company decided not to rebuild part of its plant that was destroyed by fire in September.

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Toyota Starts Camry Hybrid Production In Taiwan

February 17, 2012 1:07 pm | by The Associated Press

Toyota Motor Corp. said Thursday it has begun production and sales of the Camry Hybrid at a Taiwan plant, its seventh hybrid-vehicle production site outside of Japan.

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Curb The Car Technology, Government Asks

February 17, 2012 10:38 am | by Joan Lowy, Associated Press

Auto dashboards are becoming an arcade of text messages, GPS images, phone calls and web surfing, the government says, and it's asking carmakers to curb those distractions when vehicles are moving.

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Experts Urge Stronger Cyber Regulation Bill

February 17, 2012 10:36 am | by Lolita C. Baldor, Associated Press

Cybersecurity experts are urging senators to close loopholes in legislation to give the government more power to force critical industries to make their computer networks more secure.

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Caterpillar To Build Plant In Georgia

February 17, 2012 10:34 am | by Jeff Martin, The Associated Press

Caterpillar plans to build a new manufacturing facility in Georgia, bringing an estimated 1,400 jobs to the state, an official familiar with the project told The Associated Press on Friday.

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KY Garment Workers Could Lose Jobs To Prisoners

February 17, 2012 10:32 am | by Roger Alford, Associated Press

A clothing manufacturer went public Thursday with worries that a Kentucky factory could be forced to close, idling about 100 employees, because the federal government is considering letting prisoners do the work.

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GM Europe In Talks To Fix Loss-Making Opel

February 17, 2012 10:30 am | by David McHugh, Associated Press

The head of General Motors Europe says the company is in talks with unions and employee representatives on ways to cut costs and return the company's Opel and Vauxhall brands to profitability.

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Nestle Sales Up But Tough Year Expected

February 17, 2012 10:28 am | by John Heilrping, Associated Press

Nestle SA, the world's biggest food and drinks maker, managed to brush aside the impact of a soaring Swiss franc to post strong growth and bigger-than expected profits in 2011 with brisk sales in developing countries.

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GM Records Its Highest Profit Ever: $7.6B

February 16, 2012 2:29 pm | by Tom Krisher, AP Auto Writers

General Motors earned its biggest profit ever in 2011, but signs are emerging that its momentum could slow.

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Nevada Approves Self-Driving Car Regulations

February 16, 2012 2:27 pm | by The Associated Press

Nevada is becoming the first state to regulate self-driving vehicles on its roadways.

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Manufacturers Providing Outsize Boost To Economy

February 16, 2012 2:25 pm | by Christopher S. Rugaber, AP Economics Writer

Manufacturers have been hiring more consistently than other employers, for jobs with better-than-average pay. And more factory output has raised demand in some other industries, such as shipping, leading to further hiring.

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Dow To Clean Dioxin-Tainted Properties

February 16, 2012 2:21 pm | by John Flesher, AP Environmental Writer

Michigan environmental regulators said Thursday that they reached a long-sought deal with Dow Chemical Co. to clean up to 1,400 residential properties in Midland, home of its corporate headquarters and a plant that polluted the area with dioxin for much of the past century.

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Why The Big Talk About Small Business Is Wrong

February 16, 2012 2:18 pm | by Bernard Condon, Matthew Craft, AP Business Writers

If there's one thing Republicans and Democrats agree on, it's that small business is the answer to what ails the economy.

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Former Olympus Chairman Arrested

February 16, 2012 2:15 pm | by Yuri Kageyama, AP Business Writer

Olympus Corp.'s former chairman, suspected of orchestrating a massive cover-up of losses at the Japanese camera and medical equipment maker, has been arrested, media reports said Thursday.

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U.S. Businesses See Weaker Outlook In China

February 15, 2012 2:21 pm | by Elaine Kurtenbach, AP Business Writer

American businesses are finding their prospects in China clouded by surging costs, intense competition, and regulatory interference, despite the country's crucial importance for their survival, according to a report released Wednesday.

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