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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Nissan, Mitsubishi Put Aside Differences For OEM Partnership

December 14, 2010 3:37 am | by Tomoko A. Hosaka, Associated Press

TOKYO (AP) — Nissan Motor Co. and smaller rival Mitsubishi Motors Corp. will deepen business ties to get ahead in the fiercely competitive global car industry, including establishing a minicar joint venture in Japan that could eventually expand to other countries. In the agreement announced Tuesday, the two Japanese automakers will also make more cars for each other under what is known as an "original equipment manufacture" or OEM partnership.

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GM Offers Buyouts To 2,000 Skilled Tradesmen

December 14, 2010 3:35 am | by Dee-Ann Durbin, AP Auto Writer

DETROIT (AP) — General Motors Co. is offering buyouts to several thousand skilled trades workers at 14plants around the U.S. The company estimates it has 2,000 more skilled trades workers than it needs right now. Skilled trades workers do jobs that need special training, like electrical work and welding.

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Manufacturer Defies Odds, 4 Billion Straws At A Time

December 13, 2010 4:16 am | by John Reid Blackwell, Associated Press

RICHMOND, Va. (AP) — Among the many modern comforts we all enjoy, the humble drinking straw perhaps gets too little attention. Few people — when they pop a straw into a carton of juice or milk — think about the source of that deceptively simple piece of plastic, or what it takes to make one.

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Airbus: Aircraft Industry Will Recover Faster Than Expected

December 13, 2010 4:02 am | by Angela Doland, Associated Press

COLOMIERS, France (AP) — The global aircraft industry will recover faster than expected, according to European manufacturer Airbus, which on Monday predicted about $3.2 trillion (euro2.4 trillion) in new passenger and freighter planes will be needed over the next 20 years. The figure translates to nearly 26,000 aircraft, up from its earlier forecast for 25,000.

Toyota To Add 250 Jobs At Huntsville Plant

December 13, 2010 3:55 am

HUNTSVILLE, Ala. (AP) — Toyota says its on track to add 250 jobs at its Huntsville plant next summer, when the automaker plans to expand its production of engines. Mark Brazeal, general manager of administration for Toyota Manufacturing Alabama, says the plant received more than 10,000 applications for the new jobs and is in the process of hiring workers.

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Thermo Fisher To Buy Dionex For $2.1 Billion

December 13, 2010 3:54 am

NEW YORK (AP) — Thermo Fisher Scientific Inc. said Monday it will buy laboratory equipment maker Dionex Corp. for $2.1 billion. The scientific instrument maker said the deal will expand its business in the Asia-Pacific region and help it do more business in industries such as environmental analysis, water testing, and food safety.

AP: Economic Stress Dips To 18-Month Low

December 13, 2010 3:52 am | by Martin Crutsinger and Mike Schneider, Associated Press

Job gains around the country offset higher foreclosures and helped reduce the nation's economic stress in October to an 18-month low, according to The Associated Press' monthly analysis. Stress fell in 56 percent of the roughly 3,100 U.S. counties analyzed and in 28 of the states, the AP's Economic Stress Index shows.

Vitesse Founder, Exec Indicted On Fraud Charges

December 13, 2010 3:51 am

NEW YORK (AP) — The founder of Vitesse Semiconductor Corp. and a former executive vice president of the company have been indicted on securities fraud charges. Authorities said Friday that Vitesse founder Louis Tomasetta (Tahm-ah-SEHT-uh) and Eugene Hovanec (HOH-vah-nehk) were charged in federal court in Manhattan with making false filings to federal regulators and conspiring to manipulate the public company's financial statements.

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Federal Judge Rejects Dismissal Of Toyota Lawsuits

December 10, 2010 3:46 am | by Gillian Flaccus, Associated Press

SANTA ANA, Calif. (AP) — A federal judge who said he's inclined to let personal injury and wrongful deathlawsuits against Toyota Motor Corp. move forward heard arguments Thursday from Toyota attorneys hoping to dissuade him. U.S. District Judge James V. Selna issued a preliminary opinion Wednesday denying the automaker's motion to dismiss key causes of action in 51 lawsuits.

AFL-CIO Opposes U.S.-South Korea Trade Agreement

December 10, 2010 3:42 am | by Sam Hananel, Associated Press

WASHINGTON (AP) — The largest U.S. labor federation said Thursday it will oppose the free trade deal between the Obama administration and South Korea, which could complicate efforts to get the support of organized labor's Democratic backers in Congress. The decision announced by AFL-CIO president Richard Trumka marks a break with the United Auto Workers union, an AFL-CIO affiliate, which agreed to support the deal after negotiators acted to deal with South Korea's big trade surplus in automobiles.

CEO, Union Disagree On Happiness Of Pratt & Whitney Workers

December 10, 2010 3:41 am

HARTFORD, Conn. (AP) — The chief executive of Connecticut-based United Technologies Corp. says workers at jet engine manufacturing subsidiary Pratt & Whitney are happy to have a new labor contract. A union official disagrees. Chief Executive Officer Louis Chenevert told investor analysts Thursday he's pleased members of the Machinists union on Sunday approved an agreement allowing the company to shut two engine repair plants in Connecticut.

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Investigators Seek Answers In Blast That Killed Brothers

December 10, 2010 3:40 am | by Joe Mandak, Associated Press

NEW CUMBERLAND, W.Va. (AP) — Investigators planned to search Friday for answers to what caused an explosion at a West Virginia chemical plant that killed two brothers in the third fatal blast at the site in 15 years. The blast happened around 1:30 p.m. at the AL Solutions Inc. plant in New Cumberland, a small town in West Virginia's northern Panhandle about 33 miles west of Pittsburgh.

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GM Was Humbled By Its 'Near-Death Experience'

December 10, 2010 3:39 am | by Ken Thomas, Associated Press

WASHINGTON (AP) — The top executive at General Motors says the company was humbled by its "near-death experience" and hopes to rebound from its bankruptcy two years ago. GM CEO Dan Akerson says in a speech to the Economic Club of Washington, D.C., that the automaker is making strides after its large initial public offering in November.

Ill. Manufacturing Execs Plead Guilty To Loan Fraud

December 10, 2010 3:37 am

PEORIA, Ill. (AP) — Three people who pleaded guilty earlier this year to fraudulently borrowing $213 million from 85 lenders for a now-bankrupt Bloomington, Ill. company have been sentenced to prison. Former Wildwood Industries plant manager Dominic F. Propersi of Bloomington was sentenced to seven years in federal prison for conspiracy to commit money laundering.

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RIM Stock Could Drop Under Heavy Fire From Google

December 8, 2010 3:48 am

NEW YORK (AP) — Research in Motion Ltd.'s stock could fall over 3 percent over the next 12 months, said one analyst, as the company's line of BlackBerry smart phones continue to lose market share to phones running Google Inc.'s popular Android software. Kaufman Bros. analyst Shaw Wu maintained his "Hold" rating on the company, which suggests it will perform in line with similar companies over the coming year.

Fortune Brands To Keep Jim Beam, Ditch Everything Else

December 8, 2010 3:47 am | by Mae Anderson, AP Business Writer

NEW YORK (AP) — Consumer products maker Fortune Brands Inc. plans to split into three separate companies, keeping its liquor business led by Jim Beam bourbon while shedding the businesses that make Titleist golf balls, Moen faucets and Master Locks. Fortune Brands said Wednesday it will focus on its spirits business which generates annual revenue of $2.

Concrete Maker's President Pleads Guilty To Price Fixing

December 8, 2010 3:45 am

DES MOINES, Iowa (AP) — The president of an Iowa ready-mix concrete company has pleaded guilty in a price fixing case. The Justice Department says Chad Van Zee pleaded guilty on Monday in U.S District Court in Sioux City, and agreed to cooperate with the department's ongoing antitrust investigation.

Is It A Scam? Nigeria Sues Cheney, Halliburton For Bribery

December 8, 2010 3:44 am | by Jon Gambrell, Associated Press

LAGOS, Nigeria (AP) — Nigeria's anti-corruption agency on Tuesday charged former U.S. Vice President Dick Cheney over a bribery scheme involving oil services firm Halliburton Co. during the time he served as its top executive, a spokesman said. The charges stem from a case involving as much as $180 million allegedly paid in bribes to Nigerian officials, said Femi Babafemi, a spokesman for the Economic and Financial Crimes Commission.

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Firm Cited By OSHA: Dust Isn't Hazardous To Our Workers

December 8, 2010 3:39 am

COFFEEN, Ill. (AP) — A worksite in central Illinois has been cited by the federal government for willfully exposing workers to dangerous levels of hazardous dust without providing protective breathing equipment. The U.S. Occupational Safety and Health Administration said Tuesday it has cited U.

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FBI Issues Alert For 'Barbie Video Girl'

December 8, 2010 3:36 am | by Terry Collins, Associated Press

SAN FRANCISCO (AP) — The FBI says it recently issued an alert about a popular Barbie doll with a hidden video camera that could be used to produce child pornography, but stressed that the toy has not been linked with any reported crimes. FBI spokesman Steve Dupre said Tuesday the alert last month was meant only for law enforcement agencies to advise them not to overlook Mattel's "Barbie Video Girl" during any searches.

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