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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

EU Antitrust Body Clears $3B Apple-Beats Deal

July 28, 2014 9:20 am | by The Associated Press

The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services.                         

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Obama Aide: Impeachment Threat Taken Seriously

July 25, 2014 1:56 pm | by The Associated Press

One of President Barack Obama's top advisers says the White House takes seriously the possibility that House Republicans could pursue impeachment of the president.                         

Russian Execs Fear Lasting Damage From Plane Crash

July 25, 2014 1:45 pm | by The Associated Press

Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage. 

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Coors CEO To Retire

July 25, 2014 1:44 pm | by The Associated Press

Molson Coors Brewing Co. President and CEO Peter S. Swinburn is retiring at year's end. The 61-year-old Swinburn has served as CEO since 2008.                                

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Orders for Durable Goods Up in June

July 25, 2014 1:41 pm | by The Associated Press

Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans.                       

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Court Tosses Chiquita Terror Payment Claims

July 25, 2014 9:53 am | by The Associated Press

A divided federal appeals court on Thursday threw out claims against produce giant Chiquita Brands International made by relatives of thousands of Colombians killed during years of bloody civil war.                

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Bombardier To Cut 1,800 Jobs

July 25, 2014 9:45 am | by The Associated Press

Airplane maker Bombardier Inc. is cutting 1,800 jobs across facilities worldwide as it restructures operations.                                        

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China Expected To Declare Qualcomm a Monopoly

July 25, 2014 9:37 am | by Joe McDonald, AP Business Writer

Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly, a government newspaper reported Friday.                          

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GM Issues 6 More Recalls

July 24, 2014 2:17 pm | by The Associated Press

The largest is for faulty seats in just over 475,000 cars and small SUVs. Other problems include incomplete welds on seat brackets, turn signal failures, power steering failures, loose suspension bolts and faulty roof rack bolts.        

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Perry's Tech Startup Fund Is Not All It Seems

July 24, 2014 1:54 pm | by Paul J. Weber, Associated Press

A closer look at the Texas Emerging Technology Fund, one of Perry's signature initiatives in his 14 years as governor, reveals that some of the businesses that received money are not all they seem.                

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Japan Trade Deficit at Record $75B

July 24, 2014 1:51 pm | by Elaine Kurtenbach, AP Business Writer

Japan's trade deficit surged to a record 7.6 trillion yen ($74.9 billion) in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday.                

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Ford 2Q Net Income Rises to $1.3B

July 24, 2014 1:49 pm | by Dee-Ann Durbin, AP Auto Writer

Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years.                     

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$148M Metal Research Center To Open in Detroit This Fall

July 24, 2014 9:59 am | by The Associated Press

The $148 million American Lightweight Materials Manufacturing Innovation Institute is expected to help move cutting-edge metals from research into vehicles, planes and ships used commercially and by the U.S. military.          

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Senate To Debate Bill Targeting Companies That Move Overseas

July 24, 2014 9:56 am | by The Associated Press

The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. But big hurdles remain.                            

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NASA Doesn't Have the Money for Big Rockets

July 24, 2014 9:51 am | by The Associated Press

NASA doesn't have enough money to get its new $12 billion rocket system off the ground by the end of 2017 as planned, federal auditors say.                                

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GM 2Q Profit Falls 85 Pct.

July 24, 2014 9:46 am | by The Associated Press

General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.                                       

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China's Factory Index at 18-Month High

July 24, 2014 9:39 am | by Kelvin Chan, AP Business Writer

China's manufacturing rose in July to its highest level in 18 months, in a sign that mini-stimulus measures to shore up growth in the world's No. 2 economy have taken hold.                          

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Gov. Walker Got $68K From Companies That Outsourced Jobs

July 24, 2014 9:29 am | by The Associated Press

A recent campaign finance report shows Wisconsin Gov. Scott Walker has received money from at least 11 corporations that outsource jobs to other countries.                            

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IMF Cuts Forecast for U.S. Economic Growth

July 23, 2014 2:13 pm | by The Associated Press

The International Monetary Fund has shaved its forecast for U.S. economic growth this year, mostly because of a sharp contraction in the first quarter.                             

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China Detains Meat Seller's Employees

July 23, 2014 2:10 pm | by Joe McDonald, AP Business Writer

Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.    

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