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Daily industrial news and top headlines for plant and maintenance managers

Sony Doubles Red Ink Forecast To Worst Loss Ever

April 10, 2012 1:56 pm | by Malcolm Foster, Associated Press

Sony Corp. more than doubled its projected annual loss to $6.4B, its worst red ink ever, due to a massive tax charge.


Bankrupt Saab Has Debts Of $1.9B

April 10, 2012 10:28 am | by The Associated Press

The value of bankrupt Saab Automobile's assets covers less than a third of its debts and only some preferential creditors will get any money back, the company's trustees said Tuesday.


China Exports, Imports Weak In March

April 10, 2012 10:26 am | by Joe McDonald, AP Business Writer

China returned to a trade surplus in March but growth in exports and imports was weak as U.S. and European economic woes and a Chinese slowdown weighed on consumer demand.


VW Conducting National Search To Fill TN Jobs

April 10, 2012 10:25 am | by Erik Schelzig, Associated Press

Volkswagen is conducting a national search to fill the most specialized of 1,000 new jobs at its Chattanooga plant.


Kyocera To Build Mega Solar Power Plant

April 10, 2012 10:23 am | by The Associated Press

Major Japanese photovoltaic cell maker Kyocera Corp. said Tuesday it is considering building a 70,000-kilowatt solar power plant in Kagoshima


Nissan To Produce New Hatchback In Britain

April 10, 2012 10:20 am | by The Associated Press

Nissan will make 80,000 of the new hatchback vehicles annually, forcing the plant to operate around-the-clock.


Maine Plant To Make Gun Systems

April 10, 2012 10:19 am | by The Associated Press

Defense contractor General Dynamics has been awarded a $7.8M contract for Gatling gun systems that will be produced at its Maine gun manufacturing plant.


Union Says Right-To-Work Law Violates Free Speech

April 9, 2012 2:28 pm | by Charles Wilson, Associated Press

Indiana's new right-to-work law should be struck down because it infringes upon unions' free speech rights by depriving them of the dues that fund their political speech, attorneys for a union challenging the law contend.


AOL To Sell More Than $1B In Patents To Microsoft

April 9, 2012 2:21 pm | by Barbara Ortutay, AP Technology Writer

Faltering Internet icon AOL was able to squeeze out more than $1B from Microsoft for a trove of some 800 patents in an auction, the latest sign of just how valuable such portfolios can be for the world's biggest technology companies.


Judge Rules For DuPont On Kevlar Antitrust Claims

April 9, 2012 2:17 pm | by The Associated Press

The judge granted summary judgment to DuPont on antitrust claims that it tried to monopolize the high-strength synthetic fibers market.


Boeing Receives Order From Russia's Transaero

April 9, 2012 2:16 pm | by The Associated Press

Boeing Co. has received an order from Transaero Airlines of Russia for four 787-8 aircraft, the company said Monday.

EPA: Water Quality OK In PA Gas Town

April 9, 2012 2:09 pm | by The Associated Press

Testing at 20 more water wells in a community at the center of a debate over the safety of natural gas drilling shows no dangerous levels of contamination, according to an EPA report.


Fuji Heavy To Shelve Plan For China Auto Plant

April 9, 2012 2:07 pm | by The Associated Press

While the envisioned entry to local production in China has been a pillar of Fuji Heavy's strategy, the Subaru maker has not been able to get a permission from the Chinese government, sources said.


China Sets Up Rare Earths Industry Group

April 9, 2012 10:26 am | by Elaine Kurtenbach, AP Business Writer

China has set up a rare earths industry association to fend off trade complaints and help regulate the sector that is critical to global high-tech manufacturing.


What's In A (Brand) Name?

April 9, 2012 10:25 am | by Mae Anderson, AP Business Writer

Apple is on the verge of doing what few others have: change the English language.


Reports: Sony To Cut 10,000 Jobs

April 9, 2012 10:23 am | by The Associated Press

Sony Corp. will cut about 10,000 jobs worldwide over the next year as it tries to return to profit, Japanese news reports said Monday.


Ford Recalls 140K Focus Cars For Wiper Problem

April 9, 2012 10:22 am | by The Associated Press

Ford is recalling more than 140,000 Focus compact cars because the passenger side windshield wiper can fail.


Ex-Intel Worker Pleads Guilty To Design Theft

April 9, 2012 10:21 am | by The Associated Press

Federal prosecutors say an employee pleaded guilty to secretly downloading computer chip manufacturing and design documents from Intel Corp. while looking for a job elsewhere.


New Owner To Restart VA Rubber Plant

April 9, 2012 10:19 am | by The Associated Press

The former Rubatex plant in Bedford could resume rubber production in a couple of months under a new owner.


Nokia Town Faces Dim Future As Jobs Shift To Asia

April 6, 2012 2:01 pm | by Matti Huuhtanen, Associated Press

Salo — along with other Finnish towns inextricably linked to Nokia — is facing an uncertain future as Finland's most famous corporation shifts its mobile phone assembly to Asia.



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