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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Amazon To Buy Kiva Systems For $775M

March 20, 2012 10:18 am | by The Associated Press

Amazon.com Inc. has agreed to buy Kiva Systems, which makes robots and software to help companies fulfill orders, for $775 million in cash.

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Unlikely Allies Come Together To Support Jobs

March 20, 2012 10:16 am | by Andy Brownfield, Associated Press

Business groups and a former labor leader came together to announce the formation of a nonprofit group aimed at helping create middle-class jobs in Alabama.

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China Explores Bolivia Lithium Investments

March 20, 2012 10:15 am | by Carlos Valdez, Associated Press

Bolivia's government says the country possesses more than 70 percent of the world's reserves of lithium.

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Commerce Department Backs Whirlpool Complaint

March 20, 2012 10:12 am | by The Associated Press

The U.S. Department of Commerce found that Samsung, LG, and other brands were illegally "dumping" some of their foreign-made appliances in the U.S., by selling the products at less than fair value.

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Apple To Pay Dividend, Start Stock Buybacks

March 19, 2012 1:56 pm | by Peter Svensson, AP Technology Writer

After amassing a huge cash hoard, Apple is acknowledging that it doesn't need all that money, saying that it will start paying some of it out to shareholders in the form of a dividend and share buyback program.

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Program Teaches How To Run Equipment

March 19, 2012 1:54 pm | by The Associated Press

Louisiana Delta Community College and ANGUS Chemical Co. started a "process technology" program at Delta five years ago to keep the plant in northwest Louisiana.

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Plumbing Plant Sale Keeps 400 Jobs In MS

March 19, 2012 1:52 pm | by The Associated Press

Beneke Magnolia Inc. has acquired Sanderson Plumbing Products Inc. and the purchase will ensure that 400 jobs remain at the Columbus plant, officials said Monday.

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New iPad Is More Expensive To Make

March 19, 2012 1:50 pm | by Peter Svensson, AP Technology Writer

Apple appears to be making less of a profit from each new iPad than it did when it launched the previous model a year ago, according to a research firm's analysis.

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Former VT Manufacturer Denies Fraud Charges

March 19, 2012 1:48 pm | by The Associated Press

The former president of a Vermont manufacturing company that went out of business in 2007 has pleaded not guilty to federal fraud charges.

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Steel Companies' Shares Rise On Demand Forecast

March 19, 2012 1:46 pm | by The Associated Press

Shares of United States Steel Corp. and other steel companies rose Monday after some manufacturers announced price hikes last week, fueling expectations of improving demand.

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Chinese Writers Say Apple Is Online Book Pirate

March 19, 2012 10:16 am | by Alexa Olesen, Associated Press

A group of writers have demanded millions of dollars in compensation from Apple for allegedly selling unlicensed versions of their books in its online store, a lawyer said Monday.

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Boeing Boosts 2011 CEO Pay 34 Percent

March 19, 2012 10:13 am | by Joshua Freed, AP Business Writer

Boeing CEO Jim McNerney's compensation jumped 34 percent last year as the board of the big airplane maker rewarded him for delivering the new 787 and winning a huge Air Force order for refueling tankers.

1,700 Workers Take Ford's Retirement Offer

March 19, 2012 10:12 am | by The Associated Press

Ford offered the buyouts to all 41,000 factory workers last fall in an effort to cut its skilled trades and production workforces.

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CAT Breaks Ground On GA Plant

March 19, 2012 10:09 am | by The Associated Press

Caterpillar is moving fast to build its $200 million manufacturing plant near Athens, having started construction exactly a month after the project was announced.

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Honda Reaches Settlement In Mileage Suit

March 19, 2012 10:08 am | by The Associated Press

Honda agreed to hand out benefits such as $100 to $200 in cash to some 200,000 individual owners, with the judge in charge estimating the value of the settlement at $170 million.

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Delicate Rescue Saves $1.7B U.S. Satellite

March 19, 2012 10:06 am | by Dan Elliott, Associated Press

Air Force controllers rescued a satellite that had been stranded in the wrong orbit possibly because a piece of cloth had been left in a critical fuel line during manufacture.

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WV Plant Retirees Approve Health Benefits Deal

March 16, 2012 2:06 pm | by The Associated Press

Retirees of a West Virginia aluminum plant have accepted a deal that should partly restore their health benefits.

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Marchionne 2011 Compensation Totaled $18.87M

March 16, 2012 2:04 pm | by The Associated Press

Fiat says CEO Sergio Marchionne, who also heads Chrysler, receieved total compensation of $18.87 million last year, mostly in stock options.

First Big Piece Of 'Electric Highway' Gets Juice

March 16, 2012 2:03 pm | by Jeff Barnard, Associated Press

The first stretch of what's been dubbed an "Electric Highway" on the West Coast from Canada to Mexico went operational with the opening of a series of fast-charging stations along 160 miles of the interstate.

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Vehicle Supplier To Bring 250 Jobs To GA

March 16, 2012 2:01 pm | by The Associated Press

Denmark-based automotive supplier Dinex Group has announced plans to open a manufacturing plant in south Georgia expected to bring 250 jobs and $15 million to the state.

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