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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Tesla Hopes To Raise $185 Million On IPO, Toyota Deal

June 15, 2010 4:28 am

NEW YORK (AP) — Electric car maker Tesla Motors Inc. set terms for its highly anticipated IPO Tuesday, saying it now hopes to raise about $185 million by selling shares to the public and to Toyota Motors Corp. Tesla and its stockholders will sell 11.1 million shares for $14 to $16 each in an initial public offering, according to a regulatory filing.

Leaking Chemicals At Dow Plant Stopped

June 14, 2010 5:04 am

LOUISVILLE, Ky. (AP) — The leak of a pair of chemicals from a rail car at a Dow Chemical plant in Louisville has been stopped and area residents have been given clearance to go back outside. The officials said the leak has been contained within the facility and added that the leak may have been caused by the heat.

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BP's Gulf Cleanup Costs Rise To $1.6 Billion

June 14, 2010 4:56 am

NEW ORLEANS (AP) — BP's costs for responding to the massive oil spill in the Gulf of Mexico have risen to $1.6 billion. According to a company news release, that includes new $25 million grants the British oil giant has given to Florida, Alabama and Mississippi. It also includes the first $60 million for a project to build barrier islands off the Louisiana coast.

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Boeing Faces Another Machinists Strike

June 14, 2010 4:42 am

ST. LOUIS (AP) — Just days after a monthlong walkout ended at its California C-17 plant, Boeing Co. is facing another possible strike. The plane maker's machinists union in St. Louis has voted to reject a company offer that would have replaced a contract that expires Sunday. The International Association of Machinists and Aerospace Workers said on its website Sunday that members voted 1548-532 to reject the offer, and voted 1619-459 to strike.

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Jimmy Dean, Sausage Manufacturing King, Dies At 81

June 14, 2010 4:32 am | by Dena Potter, Associated Press Writer

RICHMOND, Va. (AP) — Jimmy Dean, a country music legend for his smash hit about a workingman hero, "Big Bad John," and an entrepreneur known for his sausage brand, died on Sunday. He was 81. His wife, Donna Meade Dean, said her husband died at their Henrico County, Va., home. She told The Associated Press that he had some health problems but was still functioning well, so his death came as a shock.

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'Last One To Die Please Turn Out The Lights'

June 14, 2010 4:29 am | by Diana Nelson Jones, AP Writer

PITTSBURGH (AP) — Bounded on one side by a cliff and on the other by the Ohio River, what's left of the Jones & Laughlin Steel Co.'s Aliquippa Works is an overwhelming stretch of emptiness punctuated by debris — metal scrap, concrete, office material and building detritus piled and strewn over miles of rutted clay.

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Economy Hitches Ride As Pickup Sales Take Off

June 14, 2010 4:23 am | by Dan Strumpf, AP Auto Writer

NEW YORK (AP) — If you want a hint about the economic recovery, follow that truck. Pickups are a kind of rugged indicator of the nation's financial health. When times are good, contractors buy more of them to carry tools around for landscaping and lumber to build homes. Weekend haulers also gravitate to them even though cars get better mileage.

Greenhouse Gas Laws Pass Senate Vote

June 11, 2010 5:12 am | by Jim Abrams, Associated Press Writer

WASHINGTON (AP) — In a boost for the president on global warming, the Senate on Thursday rejected a challenge to Obama administration rules aimed at cutting greenhouse gas emissions from power plants and other big polluters. The defeated resolution would have denied the Environmental Protection Agency the authority to move ahead with the rules, crafted under the federal Clean Air Act.

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Wood-Burning Power Worse For Environment Than Coal

June 11, 2010 5:03 am | by Steve LeBlanc, Associated Press Writer

BOSTON (AP) — A new study has found that wood-burning power plants using trees and other "biomass" from New England forests releases more greenhouse gases into the atmosphere than coal over time. The six-month study, commissioned by Massachusetts state environmental officials, found biomass-fired electricity would result in a 3 percent increase in carbon emissions compared to coal-fired electricity by 2050.

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Tesoro Plant To Stay Closed Over Safety Concerns

June 11, 2010 4:39 am | by George Tibbits, Associated Press Writer

SEATTLE (AP) — Tesoro Corp.'s Anacortes refinery, where an April explosion and fire killed seven people, will remain closed at least through September — three months longer than once expected — a company spokesman said Thursday. Meanwhile, Robert Hall, who is leading the accident investigation for the U.

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3M To Close Okla. Plant, 125 Jobs At Stake

June 11, 2010 4:31 am

ARDMORE, Okla. (AP) — 3M has announced plans to close its plant in Ardmore by the end of the year. Company officials made the announcement Thursday to its 125 employees at the plant that makes dental implant products. The company says the plant's operations will be moved to St.

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Arctic Cat To Ditch Overseas Supplier, Build Locally

June 11, 2010 4:21 am

MINNEAPOLIS (AP) — Snowmobile maker Arctic Cat Inc. said Thursday it will begin manufacturing some of its own snowmobile engines in St. Cloud, Minn., beginning after the 2014 model year. Currently, Suzuki Motor Corp. supplies all engines for Arctic Cat's snowmobiles. Suzuki will continue to supply the company with engine parts to service existing engines after the 2014 model year.

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GM: Back Off Government, It's Our IPO

June 11, 2010 4:19 am | by Ken Thomas, Associated Press Writer

WASHINGTON (AP) — General Motors Co., not the government, will determine when the automaker will conduct a public stock offering at the heart of the company's revival, the Obama administration said Thursday. The Treasury Department said in a statement that it expects to sell some of its 61 percent stake in GM when the automaker goes public.

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10 Charged For Bilking Xerox In $4 Million Forklift Fraud

June 11, 2010 4:18 am | by Ben Dobbin, AP Business Writer

ROCHESTER, N.Y. (AP) — Seven mechanics at Xerox Corp.'s manufacturing hub in upstate New York and three owners of a forklift company were charged Thursday with bilking the printer and copier maker out of an estimated $4.1 million. Over five years, four current and three former employees who maintained Xerox's forklift fleet in suburban Rochester ordered forklift parts from Clarkson Auto Electric Co.

Job Market Stages Comeback As People Call It Quits

June 9, 2010 5:02 am | by Christopher Leonard and Christopher S. Rugaber, AP Business Writers

NEW YORK (AP) — One sign of better economic times is when more people start finding jobs. Another is when they feel confident enough to quit them. More people in the United States have quit their jobs in the past three months than were laid off — a sharp reversal after 15 straight months in which layoffs exceeded voluntary departures.

Mr. Potato Head Dons Jumpsuit, Impersonates Elvis

June 9, 2010 5:00 am

MEMPHIS, Tenn. (AP) — The Elvis Presley estate has signed a deal for Hasbro Inc. and PPW Toys to release an Elvis version of Mr. Potato Head. Kevin Kern, a spokesman for Presley's Graceland estate, told The Commercial Appeal the new toy is one of 15,000 Elvis-licensed products and is one the company is excited about.

Anti-EPA Bill Threatened With Presidential Veto

June 9, 2010 4:40 am

by Jim Abrams, Associated Press Writer WASHINGTON (AP) — The White House raised the stakes Tuesday on the Senate's first major climate change vote of the year, threatening a presidential veto of a Republican-led effort to stop the Environmental Protection Agency from carrying out regulations to control greenhouse gases.

Outbreaks Spur Hasty New Food Safety Laws

June 9, 2010 4:35 am | by Mary Clare Jalonick, Associated Press Writer

WASHINGTON (AP) — A field worker has unwashed hands. An animal squeezes through a small tear in a fence. Manure from a nearby hog farm trickles into an irrigation system. Small mistakes like these are often difficult to identify as the sources of food-borne illnesses, a situation that has frustrated health authorities for years.

Second Natural Gas Explosion Hits Texas, Two Dead

June 9, 2010 4:32 am | by Betsey Blaney, Associated Press Writer

LUBBOCK, Texas (AP) — An explosion in the Texas Panhandle that killed two men was the second deadly blast in the state in two days involving workers who have accidentally hit natural gas lines. The blast Tuesday involved a crew that was removing caliche — commonly used in cement — from a pit for a dirt-contracting company, Lipscomb County Sheriff James Robertson said in a news release.

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Navistar Posts Surprise 2Q Profit

June 9, 2010 4:31 am

WARRENVILLE, Ill. (AP) — Navistar International posted a surprise profit for the second quarter Wednesday on strong sales of trucks and a new structure that lowered material costs and shifted plant operations. Navistar more than doubled its net income, even as revenue dipped. "Our expectations are to be profitable across the business cycle," Chairman and CEO Daniel C.

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