Subscribe to IMPO Magazine News
View Sample

FREE Email Newsletter

IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Unemployment Aid, Trade Gap Hit Lows

November 10, 2011 6:43 am | by Derek Kravitz, Martin Crutsinger, AP Economics Writers

WASHINGTON (AP) — The outlook for American jobs and trade looked a little brighter Thursday, despite growing uncertainty overseas. The number of people who applied for unemployment benefits last week fell to a seasonally adjusted 390,000, the Labor Department said Thursday. That's the fewest since April.

Quantum Storage Systems Plans New Distribution Center

November 10, 2011 4:11 am

Quantum Storage Systems , the Nation’s leading manufacturer and supplier of bins, bin storage systems, and wire shelving, is pleased to announce the January 2012 opening of its second largest U.S. wire shelving and carts distribution center. Located in Philadelphia, the new center will allow Quantum to better serve its Northeast distributors by providing considerable freight savings along with the support of a new regional sales manager, in conjunction with Quantum’s independent representatives in the area.

Coca-Cola Bottling 3Q Profit Falls 37 Percent

November 9, 2011 8:19 am

CHARLOTTE, N.C. (AP) — Coca-Cola Bottling Co. said its third-quarter net income fell 37 percent despite a revenue increase as its costs rose more than 9 percent. The company reported net income for the quarter of $9.8 million, or $1.06 per share, compared with $15.5 million, or $1.


TN Exide To Lay Off 236 Employees

November 9, 2011 8:16 am

BRISTOL, Tenn. (AP) — Exide Technologies has announced it will lay off 236 employees at its battery-manufacturing plant in Bristol, Tenn., over the next 12 to 18 months. The company said Monday the fate of another 233 jobs will be decided in the next three months. Exide officials blamed the sluggish economy, according to the Bristol Herald Courier (http://bit.


Industry Says Africa Is Fastest Growing Mobile Market

November 9, 2011 8:14 am | by Donna Bryson, Associated Press

JOHANNESBURG (AP) — Africa is the world's fastest growing mobile phone market, an industry group report said Wednesday, citing the continent's innovative uses for cell phones. Gertrude Kitongo uses hers as a radio, library, mini cinema, instant messenger and bank teller. She even makes calls on it.

A123 3Q Loss Widens As Costs Triple

November 9, 2011 8:12 am

WATERTOWN, Mass. (AP) — A123 Systems Inc., which makes lithium-ion batteries for cars, said Wednesday its third-quarter loss deepened as costs nearly tripled. A123 posted a loss of $63.7 million, or 51 cents per share, compared with a loss of $43.7 million, or 42 cents per share, for the same quarter last year.

Toyota To Make New Engines At China Plant

November 9, 2011 8:10 am

TOKYO, Nov. 9 (Kyodo) — Toyota Motor Corp. said Wednesday it has begun manufacturing a new four-cylinder engine at a joint venture company in Guangzhou, China, with the aim of meeting anticipated strong demand in China and increasing the autonomy of its operations there by localizing production.

$3.4M Grant To Help Laid Off Goodyear Workers

November 9, 2011 8:07 am

NASHVILLE, Tenn. (AP) — The U.S. Department of Labor has announced a $3.4 million grant for re-employment and support services to about 850 laid-off workers at the Goodyear Tire and Rubber Co. plant in Union City, Tenn. The National Emergency Grant, announced Tuesday in Washington, was awarded to the Tennessee Department of Labor and Workforce Development.


Nearly 70 Jobs Lost In IA Plant Closing

November 9, 2011 4:32 am

CLEAR LAKE, Iowa (AP) — Nearly 70 people will lose their jobs as a storm door plant closes in the northern Iowa city of Clear Lake. Larson Manufacturing is moving the plant's production to another company plant 20 miles to the north at Lake Mills. About 90 Clear Lake workers will remain in Larson's employ by commuting to the Lake Mills plant.


New Vehicle To Be Produced At MS Nissan Plant

November 9, 2011 4:29 am

CANTON, Miss. (AP) — Nissan's commercial van will be added to the production line produced at the company's plant in Canton, Miss., next year. Nissan made the announcement Tuesday. The four-row 12-passenger commercial van will feature a center console and mobile office. Nissan says the vehicle should be available in the spring of 2012.


Solar Company Cuts Production, Jobs

November 9, 2011 4:26 am

AUBURN HILLS, Mich. (AP) — Solar energy product maker Energy Conversion Devices Inc. says it has temporarily suspended manufacturing and is planning about 500 job cuts. The Auburn Hills-based company announced Tuesday that manufacturing has been halted because of excess inventory. The company says about 400 workers will be furloughed at its manufacturing facilities in Michigan, Mexico and Ontario, Canada.

GM 3Q Profit Falls 15 Percent

November 9, 2011 4:25 am | by Tom Krisher, AP Auto Writer

DETROIT (AP) — Europe's economic woes are weighing on General Motors Co.'s profits. The company's third-quarter net income fell 15 percent from a year earlier, dragged down by losses in Europe and South America and weak earnings in all areas except North America and China. The company's shares fell 7.

Employers Post Most Openings In 3 Years

November 9, 2011 4:22 am | by Christopher S. Rugaber, AP Economics Writer

WASHINGTON (AP) — Employers advertised more jobs in September than at any other point in the past three years. The increase suggests hiring could pick up in the next few months. Competition for jobs is fierce. And many employers aren't rushing to fill some because they are worried about the strength of the economy.

Toyota Recalls 550K Cars For Steering Issue

November 9, 2011 4:19 am | by Malcolm Foster, Associated Press

TOKYO (AP) — Toyota Motor Corp. said Wednesday it is recalling about 550,000 vehicles worldwide — mostly in the United States — for problems that could make it harder to steer. The recall affects 447,000 vehicles in North America, as well as 38,000 in Japan and another 25,000 in Australia and New Zealand, said Toyota spokesman Dion Corbett.


LA Company Gets $192M Coast Guard Contract

November 8, 2011 8:40 am

JEANERETTE, La. (AP) — Metal Shark Aluminum Boats of Jeanerette has a $192 million contract to replace the Coast Guard's fleet of small port security boats. The company will build up to 500 of the boats, which are about 28 feet long, for the Coast Guard, president and co-owner Chris Allard said Monday.

Hawker Beechcraft Layoffs To Bypass AR

November 8, 2011 8:38 am

LITTLE ROCK, Ark. (AP) — Hawker Beechcraft Corp. says in a letter to employees that layoffs planned for later this month will have minimal effect on its Little Rock aircraft finishing plant. Arkansas Business reported ( ) Tuesday that the letter says it's possible there will be no layoffs at the plant at Little Rock's airport.


Honda Adjusts Plans Due To Parts Shortages

November 8, 2011 8:36 am | by The Associated Press

Honda Motor Co. said Tuesday that it was tweaking production rates again at some of its North American plants because of flooding in Thailand, which has caused shortages of certain electronic plants. Honda previously cut production by half at its U.S. plants until Thanksgiving and through Nov.


Bank Files Lawsuit Against Failed Mamtek

November 8, 2011 8:34 am

MOBERLY, Mo. (AP) — The bank that is the trustee of bonds issued for a failed artificial sweetener plant in central Missouri has sued the company responsible for the project. UMB Bank filed the lawsuit against Mamtek U.S. Inc. and Mamtek International in federal court in eastern Missouri on Friday, alleging that bond agreements were violated.


Chairman Defends Google, Mourns Jobs

November 8, 2011 8:32 am | by Sam Kim, Associated Press

SEOUL, South Korea (AP) — Google chairman Eric Schmidt on Tuesday defended his company as a great innovator despite allegations from late Apple co-founder Steve Jobs that the Internet search giant stole ideas from Apple's iPhone. Schmidt also told reporters that he is still "very sad and recovering from the sense of loss" from Jobs' death last month and does not think it's right to comment on Jobs' words in Walter Issacson's biography.

Olympus Used Acquisitions To Cover Up Losses

November 8, 2011 8:24 am | by Eric Talmadge, Associated Press

TOKYO (AP) — Japan's Olympus Corp. said Tuesday that top executives used acquisitions to hide massive losses, reversing denials of any wrongdoing as one of the largest accounting frauds in Japanese history tarnishes the nation's corporate image. Tokyo-based Olympus, which makes cameras and medical equipment, has been battered by a scandal over a $687 million payment for financial advice and expensive acquisitions of companies unrelated to its mainstay businesses.


You may login with either your assigned username or your e-mail address.
The password field is case sensitive.