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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

White House Says 2014 Deficit To Drop to $583B

July 14, 2014 12:32 pm | by Andrew Taylor, Associated Press

The government's budget deficit will drop to $583 billion this year, the lowest level of President Barack Obama's tenure, the White House said Friday.                             

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Inventor Pushing Solar Panels for Roads, Highways

July 14, 2014 9:44 am | by Nicholas K. Geranios, Associated Press

The solar panels that Idaho inventor Scott Brusaw has built aren't meant for rooftops. They are meant for roads, driveways, parking lots, bike trails and, eventually, highways.                     

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Gov't Sets Duties on Steel Pipe Imports

July 14, 2014 9:40 am | by The Associated Press

The U.S. government has imposed duties on imports of steel pipe from South Korea, India and seven other countries, ruling in favor of U.S. steel producers and unions that had complained those countries were unfairly flooding the American market. 

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Samsung Suspends Chinese Supplier

July 14, 2014 9:37 am | by Youkyung Lee, AP Technology Writer

The South Korean company, which is the world's biggest smartphone maker, said in its blog Monday that it had found possible evidence of child labor and illegal hiring at Dongguan Shinyang Electronics Co.              

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Tracy Morgan Sues Wal-Mart Over Fatal Crash

July 14, 2014 9:30 am | by Bruce Shipkowski, Associated Press

Lawyers for Morgan filed a lawsuit against Wal-Mart Stores Inc., claiming the retailer was negligent when a driver of one of its tractor-trailers rammed into Morgan's limousine van.                    

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Cargill Building $45M Facility in Arkansas

July 14, 2014 9:27 am | by The Associated Press

Cargill has announced plans for a $45 million grain handling and shipping facility in West Memphis that will handle the increased production of corn and soybeans in the state.                     

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Obama Taps Controversial Nominee for NLRB

July 14, 2014 9:24 am | by The Associated Press

President Barack Obama is once again nominating lawyer Sharon Block to serve on the National Labor Relations Board, a move that could anger congressional Republicans.                          

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Reynolds, Lorillard in Merger Talks

July 11, 2014 2:56 pm | by Michael Felberbaum, AP Tobacco Writer

Cigarette makers Reynolds American Inc. and Lorillard Inc. on Friday said they are in talks of a possible merger that would combine two of the nation's biggest tobacco companies.                      

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NHTSA To Probe 500K Ford Cars

July 11, 2014 2:55 pm | by The Associated Press

The National Highway Traffic Safety Administration says it is investigating steering problems in about 500,000 Ford cars.                                      

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CDC Safety Lapses Shut 2 Labs

July 11, 2014 2:52 pm | by Mike Stobbe, AP Medical Writer

Citing an anthrax scare and a recurring problem with safety, the Centers for Disease Control and Prevention on Friday shut down two research labs and stopped shipping highly dangerous germs to other labs.              

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Infiniti Exec To Head GM's Cadillac

July 11, 2014 2:51 pm | by The Associated Press

General Motors Co. has named an Infiniti executive to head its Cadillac division, which has struggled with sagging U.S. sales this year while competing luxury brands have advanced.                    

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China Accused of 'Gluttonous, Naked Aggression'

July 11, 2014 2:48 pm | by Matthew Pennington, Associated Press

The chairman of the House Intelligence Committee on Thursday accused China of "gluttonous, naked aggression" in its drive to control territory and resources in the South China Sea.                    

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UAW Says 'Consensus' Reached With Volkswagen

July 11, 2014 9:48 am | by Erik Schelzig, Associated Press

United Auto Workers leaders said Thursday they have reached a "consensus" with Volkswagen and expect the German automaker to recognize the union if they sign up enough workers at a new local for the company's assembly plant in Tennessee.    

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Whirlpool Buys $1B Stake in Italy's Indesit

July 11, 2014 9:45 am | by The Associated Press

Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker's counterpart in Italy.                                     

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Obama Wants Companies To Pay Suppliers Faster

July 11, 2014 9:43 am | by The Associated Press

Dozens of companies, including Apple, Honda and Coca-Cola, have agreed to pay their suppliers more quickly in a bid to boost small businesses, the White House announced Friday.                      

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Wisconsin Gave Money to 2 Companies That Outsourced Jobs

July 11, 2014 9:34 am | by The Associated Press

Both companies received millions of dollars in financial awards from WEDC, only to later lay off workers whose jobs were taken by employees at the companies' foreign facilities.                     

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Ford Planning $1M Alan Mulally Scholarship

July 11, 2014 9:31 am | by The Associated Press

The Alan Mulally Leadership in Engineering Scholarship, announced Thursday, provides financial assistance to students pursuing degrees in automotive engineering.                           

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Brown Signs Tax Bill Benefiting Tesla

July 11, 2014 9:29 am | by Juliet Williams, Associated Press

Gov. Jerry Brown announced Thursday that he signed legislation creating a $420 million tax credit for aerospace contractor Lockheed Martin in a bill that also includes other tax incentives apparently designed to benefit California-based electric car maker Tesla Motors Inc. 

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Alcoa Reports 2Q Profit of $138M

July 10, 2014 2:08 pm | by The Associated Press

Alcoa Inc. on Tuesday reported a second-quarter profit of $138 million, reversing a year-ago loss, and the results beat analysts' expectations.                                

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Ford Expects Return to Profit in Europe in 2015

July 10, 2014 2:07 pm | by Dee-Ann Durbin, AP Auto Writer

Ford hasn't earned a pretax profit in Europe since 2010, and it lost $1.6 billion in the region last year.                                           

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