BP shares slumped 5 percent after a judge ruled that the oil giant's reckless conduct led to the worst U.S. offshore oil spill, a decision that could cost BP an additional $17.6 billion.
An Apple supplier in China is violating safety and pay rules despite the computer giant's promises to improve conditions, two activist groups said Thursday, ahead of the expected release of the iPhone 6.
Much of the talk in the automotive industry in recent years has been about the rise of the urban car. Growing demand from consumers for these lightweight vehicles has been reported. As a result, car manufacturers worldwide are developing their own urban car models to tap into this burgeoning market.
Manufacturing hubs are not only important for the success of the manufacturing sector, but will benefit local communities, U.S. competitiveness, and security.
As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road.
North Carolina business recruiters offered Toyota more than $100 million in incentives for the world's largest car maker to move its North American headquarters to Charlotte rather than a Dallas suburb.
Through a series of unusual plays, Tesla has five states bidding up subsidy packages to land the coveted plant. The winner is expected to offer the luxury car-maker publicly financed incentives exceeding a half-billion dollars.
MAPI (Manufacturers Alliance for Productivity and Innovation) Foundation economists offer insights and manufacturing forecasts for key global regions - United States, Eurozone, China, India, and Latin America - in this roundtable.
Just how large are the health benefits of cleaner air in comparison to the costs of reducing carbon emissions? Researchers looked at three policies achieving the same reductions in the U.S., and found that the savings on health care spending and other costs related to illness can be big — in some cases, more than 10 times the cost of policy implementation.
Being able to track a part, product or component through a manufacturing process can go a long way in preventing defects, recalls, product returns and combating counterfeit components.
With an empowered consumer base now dictating supply and demand, accelerated time to market pressures, intense global competition and the continual rise of the Internet and mobile economies, manufacturers need to be able to make production decisions by leveraging the latest supply chain information at their fingertips.
Volvo is hitting the Chinese market for the first time with its first vehicle to be rid of Ford tech, the XC90.
The future of plastic manufacturing in the United States is far from certain, but many trends are beginning to take shape.
U.S. medical device maker Medtronic is building stronger ties to Europe, a couple months after announcing a $42.9 billion acquisition that involves moving its main executive offices across the Atlantic.
Ford plans to introduce a new hybrid gasoline-electric car in late 2018. The model will be compact and is a dedicated hybrid - unlike the current Fusion - in the hopes to take on Toyota's best-selling hybrid, the Prius.
Dynegy plans to spend more than $6 billion to buy several coal and gas power generation plants from Duke Energy and Energy Capital Partners.
On Friday McDonald's named a new president for its flagship U.S. division, marking the second change in the high-profile spot in less than two years.
The powerhouse combination of mobility, cloud computing, security and predictive analytics is becoming the ‘holy grail’ across the manufacturing industry.
In a not-too-distant future, manufacturing will be expected to incorporate “intelligence readiness” in all products as society will progressively be relying on an IoT-supported infrastructure.
Google's IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit.
According to a survey of businesses IT managers worldwide, 21 percent of manufacturers suffered a loss of intellectual property (IP) within the past year.
Ingersoll-Rand PLC said Monday that it has agreed to buy the centrifugal compression business from Cameron International Corp. for $850 million, as it looks to grow its compression business.
In this issue of IMPO, we take you inside the KEEN utility boot factory, get tips on choosing the right contract manufacturer and help you pick the right abrasive.
In China, incomes are on the rise, and a clear middle class is emerging, meaning Chinese manufacturers are finding a domestic customer base they didn’t have in the past. Perhaps the days of producing only for export are behind them.
GE and Pivotal said they built the first industrial-scale “data lake” system that could supercharge how companies store, manage and glean insight from information harvested from machines connected to the Industrial Internet.