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Daily industrial news and top headlines for plant and maintenance managers

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.

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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.

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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.

Sources: HP May Remove CEO

September 21, 2011 9:16 am | by Rachel Metz, AP Technology Writer

SAN FRANCISCO (AP) — Hewlett-Packard Co. shares jumped Wednesday after reports that the technology company's board is mulling the removal of CEO Leo Apotheker, who has been on the job for less than a year. THE SPARK: Citing two unnamed people "familiar with the matter," Bloomberg reported Wednesday that HP's board intends to hold a meeting to discuss getting rid of Apotheker, 58.

OSHA Investigates W. Va. Plant Worker Death

September 21, 2011 9:12 am

HAYWOOD, W.Va. (AP) — The worker killed at a Harrison County power plant has been identified, and a federal investigation is under way. The Exponent Telegram (http://bit.ly/pYyoyu) says the victim was 63-year-old Ned Johnson of Rivesville. He died Sunday when he was pinned between a machine and a wall at the Harrison Power Station in Haywood.

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IRS Gives Employers Break Regarding Misclassified Workers

September 21, 2011 9:06 am | by Stephen Ohlemacher, Associated Press

WASHINGTON (AP) — The Internal Revenue Service is offering a break to employers who come clean about wrongly classifying workers as independent contractors to avoid paying federal payroll taxes. What happens when workers are considered independent contractors? Employers don't have to pay various taxes, including unemployment insurance taxes, workers' compensation premiums or the employer's share of Social Security and Medicare taxes.

IMF: Global Economy In 'Dangerous New Phase'

September 21, 2011 5:49 am | by Christopher S. Rugaber, AP Economics Writer

WASHINGTON (AP) — The world economy has entered a "dangerous new phase," according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe through the end of next year.

Federal Reserve To Take Action To Lift Economy?

September 21, 2011 5:43 am | by Martin Crutsinger, AP Economics Writer

WASHINGTON (AP) — The Federal Reserve is running out of options to try to boost a slumping economy and lower unemployment. So policymakers are expected to reach 50 years back into their playbook for their next move. Most economists expect the Fed to announce a plan Wednesday to shift money in its $1.

Cash-Strapped Saab Receives Bankruptcy Protection

September 21, 2011 5:36 am | by Louise Nordstrom, Associated Press

STOCKHOLM (AP) — A Swedish appeals court tossed a lifeline Wednesday to cash-strapped car maker Saab, approving its application for bankruptcy protection as it awaits funding from Chinese investors. The ruling by the Court of Appeal for Western Sweden, overturning a lower court's decision, gives Saab three months to reorganize while being protected from creditors, some of whom have already filed bankruptcy petitions against the company.

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GM Expands Technology Investments In China

September 21, 2011 5:31 am | by Elaine Kurtenbach, AP Business Writer

SHANGHAI (AP) — General Motors Co. says it is seeking to buy back a 1 percent stake sold to its main Chinese joint venture partner, as it expands its technology investments in a market where it is maneuvering to keep its edge. The Detroit company opened an advanced technology center in Shanghai on Wednesday meant to help it design lighter, safer and more efficient cars for China, a market that has proved crucial to its survival.

Embattled Solar Energy Execs Will Plead 5th At House Hearing

September 21, 2011 5:26 am | by Matthew Daly, Associated Press

WASHINGTON (AP) — Two top executives at a bankrupt California solar energy company say they will invoke their Fifth Amendment rights and refuse to answer questions when they appear at a House hearing on Friday. Solyndra Inc. Chief Executive Officer Brian Harrison and Chief Financial Officer W.

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UAW, GM Deal Creates Or Keeps 6,400 Jobs

September 20, 2011 9:23 am | by Dee-Ann Durbin, Tom Krisher, AP Auto Writers

DETROIT (AP) — A new four-year contract deal between the United Auto Workers and General Motors Co. will add or keep 6,400 jobs in the U.S. with a $2.5 billion investment, the union said Tuesday. Union leaders from around the country were briefed on the deal in Detroit in a morning meeting, and they voted to recommend that GM's 48,500 factory workers ratify it in voting that will take place in the next week.

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Legacy Electronics Cuts Ribbon On SD Facility

September 20, 2011 9:17 am

CANTON, S.D. (AP) — Electronics manufacturer Legacy Electronics cut the ribbon on a 40,000 square foot plant in Canton, S.D. on Monday. Legacy Electronics builds, designs and tests of high-speed, high-density memory modules, printed circuit boards and other computer products. It chose Canton for its manufacturing operations in March.

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