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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Gas Price Conspiracy Theories Debunked

November 3, 2014 2:04 pm | by CNNMoney

Gas prices are at their lowest in four years thanks to plummeting crude oil prices. Industry insiders have their own theories as to why, but the answer may be simpler than you think.                   

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China Slowdown Could Bruise the Global Economy

November 3, 2014 1:50 pm | by Christopher Rugaber, The Associated Press

China's roaring economy for years has pulled much of the rest of the world with it, soaking up oil, iron ore and other commodities from developing countries and autos and luxury goods from Europe. But its role as a global engine is fading as its economy slows — and many other nations, in the view of economists, will feel the pain.

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Hyundai-Kia To Pay U.S. $100M for Overstating MPG

November 3, 2014 1:39 pm | by Tom Krisher, Eric Tucker, The Associated Press

Korean automakers Hyundai and Kia will pay the U.S. government a $100 million civil penalty to end a two-year investigation into overstated gas mileage figures on window stickers of 13 models.                 

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U.S. Manufacturing Ahead of the Bell

November 3, 2014 10:33 am | by The Associated Press

The Institute for Supply Management reports on U.S. manufacturing production, orders, and other activity in October.                                       

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Mystery Drones Fly Over French Nuclear Sites

November 3, 2014 9:58 am | by Jamey Keaten

 French security chiefs are investigating a spate of mysterious and illegal flights by tiny, unmanned drones over French nuclear power stations.                             

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Gas Prices Drop Under $3 for the 1st Time in 4 Years

November 3, 2014 9:53 am | by Jonathan Fahey, The Associated Press

The national average price of gasoline fell 33 cents to end October at $3 a gallon and dipped Saturday to $2.995, according to AAA. That marks the first time in four years that gas has been cheaper than $3 a gallon.          

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Nissan, Honda, Chrysler Report U.S. Sales Increases

November 3, 2014 9:46 am | by Tom Krisher, Dee-Ann Durbin, The Associated Press

Chrysler, Nissan and Honda all reported U.S. sales gains last month as falling gas prices and an improving economy boosted sales of pickup trucks and SUVs.                            

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Company Recalls U.S. Fire Trucks

November 3, 2014 9:38 am | by The Associated Press

Pierce Manufacturing is recalling 135 fire trucks in the U.S. because a suspension part can fail and cause a wheel to fall off.                                   

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Alcoa Announces $190M Investment

November 3, 2014 9:34 am | by The Associated Press

Lightweight metals leader Alcoa announced a $190 million investment at its Davenport Works, Iowa, facility to expand its product offerings in the aerospace and industrial markets.                     

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Exxon, Chevron Shrug Off Effect of Low Oil Prices

October 31, 2014 2:14 pm | by Jonathan Fahey, The Associated Press

Falling oil prices hardly seem to be bothering the two biggest U.S. oil companies, but things could get tougher in the coming months.                                 

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2 Missing After Blaze at Fireworks Warehouse

October 31, 2014 2:05 pm | by The Associated Press

British police say two people are missing after a blaze at a fireworks warehouse that sent plumes of black smoke and explosions into the sky.                               

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Metal Manufacturer Wins $1M Business Plan Prize

October 31, 2014 1:45 pm | by Carolyn Thompson, The Associated Press

A fledgling metal manufacturing company that promises to make lighter, stronger, and less expensive parts has won the million-dollar grand prize in a contest aimed at attracting entrepreneurs to Buffalo.             

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Kimberly-Clark Lawsuit: Surgical Gowns Don't Protect Against Ebola

October 31, 2014 1:39 pm | by Robert Jablon, The Associated Press

A $500 million lawsuit against Kimberly-Clark Corp. alleges the company falsely claimed its surgical gowns protected against Ebola and other infectious diseases.                         

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U.S. Consumer Spending Down in September

October 31, 2014 10:19 am | by Martin Crutsinger, The Associated Press

U.S. consumer spending fell in September, the first decline in eight months, as shoppers took a breather after a big spending spree in August. Income growth posted the slowest gain this year.                 

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Nissan Recalls Infiniti SUVs to Fix Air Bags

October 31, 2014 10:03 am | by The Associated Press

Nissan says it's recalling more than 1,800 Infiniti SUVs in the U.S. for an air bag problem that could send shrapnel into the passenger compartment.                             

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Amy's Kitchen To Open in Converted ID Plant

October 31, 2014 9:40 am | by The Associated Press

Organic frozen food maker Amy's Kitchen is opening a new plant in southeastern Idaho. The company is buying the former H.J. Heinz Co. plant that closed in June, eliminating 400 jobs.                   

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U.S. Economy Grew at 3.5 Percent Rate in Third Quarter

October 31, 2014 9:34 am | by Martin Crutsinger, The Associated Press

The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.           

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Rivals Gear Up for Next Round of Tenn. Whiskey War

October 31, 2014 9:24 am | by Erik Schelzig, The Associated Press

The passage of several months since a heated legislative debate over the legal definition of Tennessee whiskey has done little to mellow the dispute between two global liquor giants and the growing number of craft distillers caught between them.

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Not So Sweet: Chocolate Prices Set To Rise

October 30, 2014 2:09 pm | by Steve Rothwell, The Associated Press

The cost of ingredients in chocolate bars is rising, and the nation's biggest candy makers have already warned of price hikes next year. And it's not just costs that are pushing up prices. A growing sweet tooth around the world means more demand for chocolate.

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Museum Agrees to Purchase Rosie's Old Plant

October 30, 2014 1:46 pm | by Mike Householder, The Associated Press

Yankee Air Museum chairman Ray Hunter will sign papers Thursday making the aviation museum the official owner of a 144,000-square-foot slice of the former Willow Run Bomber Plant, where Rose Will Monroe and other workers built B-24 Liberator bombers during World War II.

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