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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Intel CEO: PC Sales May Rise In 2009

September 22, 2009 12:12 pm

September 22, 2009 by Jordan Robertson, AP Technology Writer SAN FRANCISCO (AP) — The worldwide personal-computer market is pulling out of its slump quickly and could defy predictions by growing this year, Intel Corp. CEO Paul Otellini said Tuesday. Otellini's comments at a conference Tuesday were more bullish than many analysts have been.

ConAgra Nurses Profit Dip But Raises Outlook

September 22, 2009 12:03 pm | by Sarah Skidmore, AP Food Industry Writer

PORTLAND, Ore. (AP) — ConAgra Foods Inc. said Tuesday that its first-quarter profit dropped 63 percent compared with a year earlier — when it sold a business — but its adjusted profit beat estimates, and it raised its outlook. The Omaha, Neb.-based food maker said strong performance of its Healthy Choice, Marie Callender and Orville Redenbacher consumer lines meant its results for the year would be solid.

Manufacturers Battle Reform Taxes On Medical Devices

September 22, 2009 11:53 am | by Ricardo Alonso-Zaldivar, Associated Press Writer

WASHINGTON (AP) — They were calling it the tax on Q-tips. Amid Republican ridicule, a Democratic chairman backed down Tuesday and exempted consumer items of $100 or less — from condoms to contact lenses — from a proposed tax on medical device manufacturers. It would help pay for health care coverage for the uninsured in comprehensive legislation.

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OSHA Fines NE Company For Burned Worker

September 22, 2009 11:41 am

OMAHA, Neb. (AP) — Omaha asphalt surfacing and paving company Monarch Oil has been fined $52,000 by the federal government for an accident that badly burned a worker. The federal Occupational Safety and Health Administration says the company violated several safety rules when a worker was covered by almost 240-degree asphalt while transferring asphalt from rail cars into storage tanks.

Union Sues To Hold Pratt & Whitney Jobs

September 22, 2009 11:22 am | by Stephen Singer, AP Manufacturing Writer

HARTFORD, Conn. (AP) — The Machinists union asked a federal judge Tuesday to block Pratt & Whitney from moving 1,000 jobs from Connecticut, accusing the jet engine maker of negotiating in bad faith. The International Association of Machinists said in court papers filed in U.S. District Court in Hartford that Pratt & Whitney executives failed to make "every reasonable effort" to preserve the jet engine repair jobs in Connecticut.

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CA Automaker Receives $500m Govt. Loan

September 22, 2009 11:12 am | by Ken Thomas, Associated Press Writer

WASHINGTON (AP) — Fisker Automotive, a California manufacturer of luxury electric vehicles, will receive more than $500 million in federal loans to develop a plug-in hybrid sports car with a sticker price of nearly $90,000 and a new plug-in hybrid vehicle to be built in the United States. The Energy Department said Tuesday it would lend $528.

GM Increases Production At 3 Plants

September 22, 2009 8:53 am | by Tom Krishner, AP Auto Writer

DETROIT (AP) — General Motors Co. will go to 24-hour operations at factories in Kansas, Michigan and Indiana to make up for production lost due to a large-scale factory consolidation announced earlier in the year. The automaker says it will add third shifts at its Fairfax plant in Kansas City, Kan.

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Goodyear Workers Ratify New Contract

September 22, 2009 7:42 am

GADSDEN, Ala. (AP) — A United Steelworkers official says Goodyear workers in Gadsden voted overwhelmingly in favor of a new four-year contract, which has won national ratification. Local 12 President David Hayes says 63.7 percent of union members in Gadsden voted in favor of the proposed contract, joining other union locals that supported ratification.

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Auto Engineers Look Outside Industry For Work

September 22, 2009 7:32 am | by David Runk, Associated Press Writer

DETROIT (AP) — After Jerry Tester lost his job as a contract engineer at General Motors, it soon became clear that the struggling auto industry wouldn't be the place where he would work again. The 45-year-old spent months unemployed before a tip from a friend led him to the Talascend Global Training Academy, where he took a crash course in piping design that landed him a job at Marathon Oil Corp.

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Analysts Cautious About Dell-Perot Deal

September 22, 2009 5:11 am

NEW YORK (AP) — Analysts are keeping a cautious eye on Dell Inc.'s planned $3.9 billion acquisition of Perot Systems Corp., a deal aimed at moving the company beyond personal computers and into technology services. Credit Suisse analyst Bill Shope cut his rating on the company to "Neutral" from "Outperform" in a note to investors Tuesday, a day after the deal was announced.

Pratt & Whitney To Cut 1,000 CT Jobs

September 22, 2009 4:51 am | by Stephen Singer, AP Manufacturing Writer

EAST HARTFORD, Conn. (AP) — Jet engine maker Pratt & Whitney said Monday it will eliminate 1,000 jobs in Connecticut by 2011, transferring engine repair work to Georgia and Asia in a cost-cutting move. The subsidiary of United Technologies Corp. will shut its Cheshire, Conn.

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Startup To Build Electric Vehicles In Oregon

September 22, 2009 4:45 am | by Tim Christie, AP Writer

EUGENE, Ore. (AP) -- Tucked away in a nondescript garage off an unpaved alley in Eugene's Whiteaker neighborhood, a group of young entrepreneurs is trying to catch the next wave of human transport by building an affordable, rechargable electric vehicle. The company is called Arcimoto, and it will unveil a prototype of its first vehicle, the Pulse, on Wednesday at Pioneer Square in downtown Portland.

VW May Drop Magna Due To Opel Deal

September 22, 2009 4:33 am | by Yuri Kageyama, AP Business Writer

TOKYO (AP) — The chief executive of the Canadian parts maker that is buying a stake in Opel from General Motors said Tuesday talks are planned with Volkswagen to ease the German automaker's concerns about the deal. "Volkswagen has said they are concerned, so we need to finalize internal procedures and have more discussions with them," Don Walker, co-chief executive officer of Magna International Inc.

Mitsubishi To Build $325m Plant In Georgia

September 22, 2009 4:29 am | by Russ Bynum, Associated Press Writer

POOLER, Ga. (AP) — After sitting vacant for seven years, a 1,500-acre industrial site near Savannah landed its first manufacturer Monday as Mitsubishi Power Systems announced plans to produce giant steam and gas turbines in coastal Georgia. The company said it will begin construction before the end of the year on a $325 million plant that will employ about 500 workers.

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Cleveland Firm Seeks Syracuse Steel Plant

September 22, 2009 4:23 am

SYRACUSE, N.Y. (AP) — A Cleveland investment group is offering the highest bid for an upstate New York steel mill going through bankruptcy reorganization. The group headed by Jack Jankovic of JP Industries says it would pay $8 million for the Crucible Specialty Metals steel plant in suburban Syracuse.

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Retired Deere Workers Sue For Health Benefits

September 22, 2009 4:19 am

DAVENPORT, Iowa (AP) — About 5,000 retired workers are suing Deere and Co. for changes to their health benefits plan, saying the agricultural machinery manufacturer broke its promises. An attorney for the Flex Retirees Organization says in U.S. District Court in Davenport that the retirees thought they and their spouses would have medical benefits for life.

Doosan, Bobcat Struggle With High Debt

September 21, 2009 4:41 am

BISMARCK, N.D. (AP) — An analyst says the parent company of Bobcat Co., has been hurt by a global economic slump and by debt it took on when it purchased Bobcat two years ago. Bobcat, of West Fargo, has announced plans to close its Bismarck plant by the end of the year and consolidate its work to Gwinner, in southeastern North Dakota.

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Nektar To Collect $1.12b from AstraZeneca

September 21, 2009 4:16 am

NEW YORK (AP) — Nektar Therapeutics said Monday it licensed a pair of experimental pain treatments to AstraZeneca PLC in a deal valued at about $1.12 billion. AstraZeneca will pay Nektar $125 million upfront for the rights to two drugs: NKTR-118, an oral product intended to treat constipation caused by opioid pain drugs, and NKTR-119, which is intended to combine NKTR-118 with opioid pain drugs to create a painkiller that doesn't cause constipation.

EU Details Intel's Illegal Monopolizing

September 21, 2009 4:06 am | by Aoife White, AP Business Writer

BRUSSELS (AP) — The European Union on Monday published e-mail excerpts from computer makers and Intel Corp. to show that Intel pressured chip buyers into choosing Intel over rival Advanced Micro Devices Inc. Intel was hit by a record EU antitrust fine of euro1.06 billion ($1.45 billion) last May for what the EU said was using strong-arm sales tactics such as threatening to withdraw price rebates to squeeze out AMD.

CAW Workers At GM-Suzuki Plant OK Contract

September 21, 2009 3:56 am

NEW YORK (AP) — Nearly two-thirds of union workers at a Canadian auto plant jointly owned by General Motors and Suzuki have approved a new contract that would freeze wages and pensions, trim benefits, introduce a monthly health care contribution and reduce break times. However, the new contract at the CAMI Automotive Inc.

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