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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Signs Of China Slowdown Add To Dim Global Outlook

September 23, 2011 9:27 am | by Elaine Kurtenbach, AP Business Writer

SHANGHAI (AP) — Signs that the powerhouse Chinese economy is slowing have spooked global markets and sharpened fears that the world economy will not escape another recession, so much so that a small, preliminary survey of Chinese manufacturers contributed to a global stock market plunge this week.

Texas Instruments Buys National For $6.5B

September 23, 2011 9:25 am

NEW YORK (AP) — Texas Instruments Inc. said Friday that it completed its $6.5 billion purchase of National Semiconductor Corp. The deal had cleared regulatory reviews earlier this week. Under the terms of the deal, Texas Instruments agreed to pay $25 for each outstanding share of National common stock.

Samsung To Step Up Apple Patent War

September 23, 2011 9:23 am | by Kelly Olsen, AP Business Writer

SEOUL, South Korea (AP) — A top Samsung executive says the company will take a bolder stance in its patent battle with smartphone and tablet rival Apple, which Samsung claims has been "free riding" on its patented wireless technologies. "We'll be pursuing our rights for this in a more aggressive way from now on," Lee Younghee, head of global marketing for mobile communications, said Friday in an interview.

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UAW Shifts Focus To Ford

September 23, 2011 9:19 am | by Dee-Ann Durbin, Tom Krisher, AP Auto Writers

DETROIT (AP) — The United Auto Workers union shifted the focus of its contract talks to Ford Wednesday night after failing to reach a deal with Chrysler. The move could mean trouble in the talks with Chrysler, which was close enough to a deal with the union that CEO Sergio Marchionne flew from Europe to the U.

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Ford CEO: Recovery Is Slow But On Right Track

September 23, 2011 9:17 am | by Dee-Ann Durbin, Tom Krisher, AP Auto Writers

NEW YORK (AP) — At his first press conference as CEO of Ford, Alan Mulally was asked how he could run such a complex company with no experience in the car business. The former Boeing executive responded that cars, which have around 10,000 parts, are indeed very sophisticated. Then he smiled and noted that a jumbo jet has 4 million parts — and it flies.

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Union: Documents Show Boeing Aimed To Trump Unions

September 23, 2011 9:14 am | by Sam Hananel, Associated Press

WASHINGTON (AP) — The union in a high-profile labor dispute with Boeing Co. says newly released documents show the company opened a new plant in South Carolina to limit the power of employee unions in Washington state. The Machinists union says the documents bolster the government's lawsuit accusing the company of retaliating against unions by opening a second production line for the 787 aircraft in Charleston.

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Virco To Offer Buyouts, Early Retirement

September 23, 2011 5:18 am

CONWAY, Ark. (AP) — Virco Manufacturing Co. in Conway says it plans to offer buyouts and early retirement to total of 115 employees. The company makes furniture for schools and has operated in Conway since 1950. Virco told the Log Cabin Democrat (http://bit.ly/rrPvMu) on Thursday that the slow economy has slowed the pace of new orders and it has to reduce its workforce.

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Hino Resumes Production At WV Plant

September 23, 2011 5:17 am

WILLIAMSTOWN, W.Va. (AP) — Hino Motors Manufacturing USA is preparing to resume full production at its West Virginia plant following a cutback caused by a parts shortage. Sandy Ring with Hino's home office in Michigan says the Williamstown plant has returned to a five-day work week with three days of production.

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CAT Recalls 400 Laid Off Workers

September 23, 2011 5:15 am

LAFAYETTE, Ind. (AP) — Caterpillar Inc. has recalled many of the 400 workers it laid off from a central Indiana engine plant and is starting to hire more people. The Lafayette Redevelopment Commission on Thursday approved a $50,000 grant to Caterpillar for training new workers that the company plans to hire in the next year.

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GOP: US Solar Panel Industry Could Fail

September 23, 2011 5:12 am | by Matthew Daly, Associated Press

WASHINGTON (AP) — A Republican House chairman blasted the solar industry Thursday, calling loans to solar panel manufacturers, such as ill-fated Solyndra Inc., a poor bet and predicting the solar panel industry itself could collapse in the United States. An industry group immediately disputed the remark by Rep.

Chrysler, UAW Talks Break Down

September 23, 2011 5:04 am | by Tom Krisher, AP Auto Writer

DETROIT (AP) — Negotiations over a new four-year contract between Chrysler and the United Auto Workers have broken down as both sides refuse to budge on key financial issues, two people briefed on the bargaining said Thursday. The talks ended late Wednesday in a dispute over the number of workers who are paid an entry-level wage, said the people, who asked not to be identified because the negotiations are private.

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WI Company To Bring 100+ Jobs Back From Mexico

September 22, 2011 9:54 am

OSSEO, Wis. (AP) — Instead of sending work to Mexico, a manufacturer is bringing jobs from Mexico to Wisconsin. Global Finishing Solutions is completing a $10 million expansion at its headquarters in Osseo (AHS'-ee-oh) that's expected to create 111 new jobs over the next three years.

European Court: Budweiser Beers Can Coexist

September 22, 2011 9:44 am

LUXEMBOURG (AP) -- "There's only one Budweiser beer," according to the Anheuser-Busch advertising jingle. But that's not the case in Britain, as an EU court ruled Thursday that Anheuser-Busch and the Czech brewer Budvar can both continue to use the Budweiser trademark. British beer drinkers are well used to there being two Buds.

Moody's Considers GM Credit Rating Upgrade

September 22, 2011 9:22 am

DETROIT (AP) — Moody's Investors Service is considering upgrading General Motors Co.'s credit ratings based on improvements in its finances and the expected ratification of a new contract with the United Auto Workers union. GM currently has a Ba2 corporate family rating and a Baa3 secured credit rating from Moody's.

United Technologies To Buy Goodrich For $16.4B

September 22, 2011 9:12 am

NEW YORK (AP) — United Technologies Corp. said it will buy Goodrich Corp. for about $16.4 billion in cash, calling the aerospace and defense company a perfect addition that will allow it to take advantage of rapidly growing demand for aircraft components. The Hartford, Connecticut-based industrial conglomerate already owns jet engine manufacturer Pratt & Whitney as well as Carrier heating and cooling, Otis elevator and other businesses.

Young Adults Facing 'Monster Jobs Problem'

September 22, 2011 9:07 am

WASHINGTON (AP) — Young adults are the recession's lost generation. In record numbers, they're struggling to find work, shunning long-distance moves to live with mom and dad, delaying marriage and raising kids out of wedlock, if they're becoming parents at all. The unemployment rate for them is the highest since World War II and risk living in poverty more than others.

FAA Proposes $2.4M Fine For Cessna Quality Control Issues

September 22, 2011 9:01 am

WASHINGTON (AP) — Federal regulators want to fine the Cessna Aircraft Co. $2.4 million, saying the company's failure to follow quality-control procedures caused a 7-foot composite section of the wing of small, high-performance plane to detach during a test flight. The Federal Aviation Administration said Thursday that one of the agency's pilots was conducting a test flight of the Cessna Corvalis last December when a portion of the wing skin separated from the forward spar and damaged a fuel tank.

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Boeing Designing New Planes With China In Mind

September 21, 2011 9:24 am | by Christopher Bodeen, Associated Press

BEIJING (AP) -- China's fast growing demand for aircraft has become a strong influence on how Boeing Co. designs and markets its newest planes, one of the company's executives said Wednesday. Ihssane Mounir also said Boeing welcomes future competition from China's state-owned COMAC, which is developing a pair of passenger jets, but warned the commercial aircraft business could be punishing.

With GM Deal Done, UAW Turns Its Attention Toward Chrysler

September 21, 2011 9:21 am | by Tom Krisher, AP Auto Writer

DETROIT (AP) — Now that the United Auto Workers union has a tentative contract with General Motors, its negotiators will focus on getting a labor agreement from Chrysler. But smaller, less profitable Chrysler may not have the resources to match the bonuses and profit-sharing that GM offered workers last week, people brief on the talks say.

Senate Rejects Attempt To Revive Trade Law

September 21, 2011 9:18 am | by Jim Abrams, Associated Press

WASHINGTON (AP) -- The Senate on Tuesday rejected a Republican-led attempt to revive a law, last in force four years ago, that made it easier for the president to move free-trade deals through Congress. The vote was 55-45 to defeat a proposal by Senate GOP leader Mitch McConnell to authorize trade promotion authority, also known as "fast track," through 2013.

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