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Daily industrial news and top headlines for plant and maintenance managers

Rocket Explodes During Test Flight

August 25, 2014 2:35 pm | by The Associated Press

An unmanned SpaceX rocket exploded shortly after launch on a test flight at the company's Central Texas development site.                       

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Semiconductor Company Cutting 1,350 Jobs

August 25, 2014 2:22 pm | by Associated Press

Chip supplier Fairchild Semiconductor is eliminating about 1,350 jobs in the U.S. and Asia — about 15 percent of its total workforce — to reduce costs.                  

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Boeing Gets $8.8B Airplane Order

August 25, 2014 2:20 pm | by The Associated Press

Boeing said Monday that BOC Aviation, an aircraft leasing company based in Singapore, is ordering 82 airplanes for a total of $8.8 billion.                                 

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Guilty Plea in California Meat-Recall Case

August 25, 2014 2:16 pm | by The Associated Press

The co-owner of a Northern California slaughterhouse accused of processing cows with cancer while U.S. livestock inspectors took lunch breaks has pleaded guilty to a federal criminal charge.                 

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S&P 500 Trades Above 2,000 Points for First Time

August 25, 2014 2:12 pm | by Alex Veiga, AP Business Writer

U.S. financial markets moved higher in midday trading Monday, edging the Standard & Poor's 500 index past 2,000 points for the first time.                               

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Roche To Buy U.S. Biotech Firm InterMune for $8.3B

August 25, 2014 9:54 am | by The Associated Press

Swiss pharmaceutical company Roche said Sunday it has reached an $8.3 billion deal to buy InterMune Inc., a California-based developer of treatments for lung diseases.                        

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LG Bets on Pricey OLED Technology for TVs

August 25, 2014 9:52 am | by Youkyung Lee, AP Technology Writer

LG Electronics Inc. announced two new giant OLED TVs with ultra-high definition screens Monday, sticking with its strategy of using the exceptionally expensive OLED display technology.                    

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Whisky's Worries Mirror Economic Fears in Scotland

August 25, 2014 9:47 am | by Martin Benedyk and Danica Kirka, Associated Press

Whisky makers and many other businesses are worried about the risks involved in finding themselves overnight in a new country with, among other things, a different currency.                      

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Economists Give Clashing Views as Conference Ends

August 25, 2014 9:37 am | by Matthew Brown, Associated Press

The Federal Reserve's annual conference opened with Chair Janet Yellen suggesting that the U.S. economy, the world's biggest, still needs help in the form of ultra-low rates and that U.S. inflation has yet to become a problem.        

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California Winemakers Cleaning Up After Quake

August 25, 2014 9:29 am | by Ken Sweet and Ellen Knickmeyer, Associated Press

Winemakers in California's storied Napa Valley woke up to thousands of broken bottles and barrels as a result of Sunday's earthquake.                                   

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Dynergy To Spend $6.25B on Power Plant Acquisition

August 22, 2014 11:30 am | by The Associated Press

Dynegy plans to spend more than $6 billion to buy several coal and gas power generation plants from Duke Energy and Energy Capital Partners.                                

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Yellen: Job Market Makes Fed Hesitant on Rate Hikes

August 22, 2014 11:28 am | by Martin Crutsinger, AP Economics Writer

Federal Reserve Chair Janet Yellen said Friday that the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.                 

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McDonald's Names New U.S. President, Again

August 22, 2014 11:26 am | by Candace Choi, AP Food Industry Writer

On Friday McDonald's named a new president for its flagship U.S. division, marking the second change in the high-profile spot in less than two years.                              

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2.2M Bean Bag Chairs Recalled After Deaths

August 22, 2014 11:25 am | by The Associated Press

About 2.2 million bean bag chairs are being recalled after two children opened them, crawled inside and suffocated to death.                                      

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Keurig Strikes Deal With Kraft

August 22, 2014 11:22 am | by The Associated Press

Keurig Green Mountain says it struck a deal to make Kraft's branded coffees, such as Maxwell House and Gevalia, for its single-serve brewing systems in the U.S.                          

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Deere To Lay Off 460 From Iowa Plant

August 22, 2014 11:20 am | by The Associated Press

Agricultural equipment maker Deere is laying off about 460 employees indefinitely from an Iowa tractor factory as it continues to adjust to market demand.                            

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Nestle Pushes for Humane Treatment of Animals in Supply Chain

August 22, 2014 9:38 am | by Nestle USA

Thousands of farms that supply Nestle with their dairy, meat, poultry and eggs will now have to comply with tighter animal welfare standards. Nestle has signed an agreement pledging to improve the welfare of the farm animals in its supply chain.

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Coal Gas Boom in China Holds Climate Change Risks

August 22, 2014 9:34 am | by Jack Chang, Associated Press

The coal-to-gas plants are part of a controversial energy revolution China hopes will help it churn out desperately needed natural gas and electricity while cleaning up the toxic skies above the country's eastern cities.         

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Jell-O Can't Stop Slippery Slide

August 22, 2014 9:29 am | by Candace Choi, AP Food Industry Writer

Executives at Kraft Foods, which owns Jell-O, say they're confident they can revitalize the brand. But their efforts so far have been a disappointment.                             

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Ford Recalling More Than 160K Vehicles

August 22, 2014 9:26 am | by The Associated Press

The largest recall involves 159,395 Focus ST and Escape vehicles from the 2013 and 2014 model years. Ford says their engines could hesitate or stall because of a wiring problem.                     

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