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Apple CEO: No Plans To Move $100B Back To U.S.

rimmel — Wed, 22 May 2013 17:15:01 +0000

Apple CEO Tim Cook states to a Senate panel Tuesday that under the current U.S. corporate tax code, he has no plans to transfer $100 billion in company profits to the U.S. from overseas. Some analysts think this might push congress to make some changes in corporate tax code.

2013 Society of Manufacturing Engineers Annual Conference

rimmel — Wed, 22 May 2013 15:36:22 +0000

Manufacturers Gather in Baltimore to Share Knowledge, Discuss Efforts To Prepare an Advanced Manufacturing Workforce

Read more about 2013 Society of Manufacturing Engineers Annual Conference

Safety Board: ATF Blocking Plant Blast Probe

rimmel — Wed, 22 May 2013 14:27:18 +0000

WACO, Texas (AP) — Federal agents and the state fire marshal have effectively barred a federal safety panel from the site of a Texas fertilizer plant blast that killed 15 people and injured about 200 others, hampering its investigation, the panel's chairman said.

U.S. Auto Factories Cutting Back On Summer Downtime

rimmel — Wed, 22 May 2013 14:25:40 +0000

DETROIT (AP) — The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks.

Ford Motor Co. said Wednesday that 21 of its North American factories will shut for only one week this summer. That includes the Chicago plant that makes the Ford Explorer SUV and the Mexican plant that makes the Fusion sedan.

Fiat Industrial Considers Making Tax Home In U.K.

rimmel — Wed, 22 May 2013 14:24:16 +0000

MILAN (AP) — Fiat Industrial is considering moving its tax home to Britain after it completes the merger with its U.S.-based subsidiary CNH.

The possible move by the maker of heavy trucks, farm and construction vehicles would be a blow to the new Italian government of Enrico Letta, which is struggling to put public finances in order.

Fiat Industrial, based in Turin, said in a filing with U.S. security authorities last week that it would consider a U.K. residency, as remaining in Italy would subject it to Italian tax and other requirements that could increase costs.

Ex-Ford Execs Charged In Argentine Torture Cases

rimmel — Wed, 22 May 2013 14:21:35 +0000

BUENOS AIRES, Argentina (AP) — Three former Ford Motor Co. executives were charged Tuesday with crimes against humanity for allegedly targeting Argentine union workers for kidnapping and torture after the country's 1976 military coup.

Apple Case Seen As Possible Spur To Tax Action

rimmel — Wed, 22 May 2013 14:19:31 +0000

WASHINGTON (AP) — Now that tech favorite Apple Inc. has been dragged front and center into the debate over the U.S. tax code, lawmakers are hoping that the spotlight on such a high-profile company could be the catalyst for Congress to take action to close loopholes or reform the law.

Tesla Shares Pull Back After Huge Gains

rimmel — Wed, 22 May 2013 14:17:14 +0000

DETROIT (AP) — Tesla Motors fell more than 5 percent in early trading Tuesday, a brief decline amid huge gains this month after the electric car maker posted its first quarterly profit.

And shares in the Palo Alto, Calif., company retook some of that lost ground by early afternoon.

Tesla's stock price had jumped 74 percent between May 8, when first-quarter earnings were announced, and May 14, when it hit a 52-week high of $97.12. The shares have more than tripled in value since hitting a 52-week low of $25.52 in August of last year.

Connecting The Back Office To The Plant Floor

rimmel — Wed, 22 May 2013 12:05:35 +0000

Continuous Improvement: Real Improvement Or Mediocrity?

rimmel — Wed, 22 May 2013 12:00:35 +0000

Manufacturing organizations have been bombarded with initiat