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Daily industrial news and top headlines for plant and maintenance managers

11 Questions To Ask A Contract Manufacturer Before Partnering

August 8, 2014 2:40 pm | by Craig Zoberis, founder and president of Fusion OEM | Articles | Comments

To successfully bring your legacy product to market, you want to ensure you and the contract manufacturer are working together to find the most cost-effective and efficient solutions. The following questions (and answers) act as your official guide to partnering with the right contract manufacturer.

Poultry Firms: Russia Ban Has Little Impact on U.S.

August 8, 2014 1:58 pm | by Justin Juozapavicius, Associated Press | News | Comments

Poultry producers say Russia's decision to ban imported U.S. meat won't lead to a glut of the product because other countries are clamoring for inexpensive meat.                           

Obama Seeks Executive Ways To Limit Tax Inversions

August 7, 2014 1:15 pm | by Josh Lederman, Associated Press | News | Comments

Aiming to sidestep a logjam in Congress, the Obama administration is looking for steps it could take on its own to prevent American companies from reincorporating overseas to shirk U.S. taxes, officials said Tuesday.          

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Trade Gap Narrows to Lowest Level in 5 Months

August 7, 2014 10:15 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The U.S. trade deficit fell in June to its lowest level since January as imports dropped sharply, led by lower shipments of cellphones, petroleum and cars.                            

Coca-Cola Plant Had Received Threats

August 7, 2014 9:53 am | by The Associated Press | News | Comments

A Coca-Cola distribution plant in southern Mexico had received threats before attackers burned four of its delivery trucks in an area known for drug gang turf battles, the company said.                   

Nestle Profit Falls on Stronger Swiss Franc

August 7, 2014 9:41 am | by David McHugh, AP Business Writer | News | Comments

Nestle SA saw its sales and profits fall in the first half of the year as a stronger Swiss franc and anemic prices in Europe weighed on the bottom line.                            

China To Ban All Coal Use in Beijing

August 5, 2014 9:13 am | by The Associated Press | News | Comments

China's smog-plagued capital has announced plans to ban the use of coal by the end of 2020 as the country fights deadly levels of pollution, especially in major cities.                         

McDonald's Says China Meat Scandal Hurting Sales

August 4, 2014 4:44 pm | by The Associated Press | News | Comments

McDonald's said Monday that a scandal over a meat supplier in China is hurting sales in the region and its global sales forecast for 2014 is "at risk."                             

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Japan, China Eye Meeting Over Food Safety

August 4, 2014 2:28 pm | by The Associated Press | News | Comments

The Japanese and Chinese governments are making preparations to hold a working-level meeting on food safety later this month following a recent scandal over expired chicken meat provided by a Chinese producer, Japanese government sources said Monday.

With Vote for Chrysler Merger, Fiat Looks Abroad

August 4, 2014 9:43 am | by Colleen Barry, AP Business Writer | News | Comments

Fiat shareholders voted Friday overwhelmingly in favor of a merger with Chrysler that has been five years in the works and will shift the 115-year-old carmaker's center of gravity abroad.                  

Amazon To Invest $2 Billion To Expand in India

July 31, 2014 4:10 pm | by Kay Johnson, AP Business Writer | News | Comments

The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees.                                  

Sanctions Will Damage Russia If Not Lifted Quickly

July 30, 2014 1:29 pm | by Laura Mills and Juergen Baetz, Associated Press | News | Comments

U.S. and European sanctions against Russia's energy and finance sectors are strong enough to cause deep, long-lasting damage within months unless Moscow persuades the West to repeal them by withdrawing support for Ukrainian insurgents.     

GOP Blocks Tax Hike on Firms Moving Overseas

July 30, 2014 1:10 pm | by Stephen Ohlemacher, Associated Press | News | Comments

Republican senators blocked an election-year bill Wednesday to limit tax breaks for U.S. companies that move operations overseas.                                    

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U.S. Companies Increasingly Look for Growth Overseas

July 29, 2014 9:49 am | by Michael Liedtke, AP Technology Writer | News | Comments

The intensifying international focus extends beyond technology. Century-old companies such as Coca-Cola Co. and Ford Motor Co. also are hoping to make more money in countries including China and India.              

Russia: McDonald's Food Does Not Meet National Regulations

July 28, 2014 9:33 am | by The Associated Press | News | Comments

Nearly a quarter-century after McDonald's startled and delighted Soviets with their first taste of American fast-food culture, the company's now facing a suit that could ban it from selling some of its signature products.         

EU Antitrust Body Clears $3B Apple-Beats Deal

July 28, 2014 9:20 am | by The Associated Press | News | Comments

The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services.                         

Russian Execs Fear Lasting Damage From Plane Crash

July 25, 2014 1:45 pm | by The Associated Press | News | Comments

Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage. 

Flying High: How Querétaro Became a Leading Global Manufacturing Location

July 25, 2014 11:44 am | by Doug Donahue, Vice President, Entrada Group | Articles | Comments

One need look no further than BMW’s recent announcement of its new $1 billion production facility in San Luis Potosi for evidence of the strengths of Mexican manufacturing.                       

Court Tosses Chiquita Terror Payment Claims

July 25, 2014 9:53 am | by The Associated Press | News | Comments

A divided federal appeals court on Thursday threw out claims against produce giant Chiquita Brands International made by relatives of thousands of Colombians killed during years of bloody civil war.                

China’s Meat Scandal and Other Food Fails

July 24, 2014 2:08 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

This week it was reported that U.S.-owned meat supplier, Husi Food Co., sold expired beef and chicken to major fast food chains. And as companies are breaking ties with the supplier, one company is vowing to stand by them.         

Japan Trade Deficit at Record $75B

July 24, 2014 1:51 pm | by Elaine Kurtenbach, AP Business Writer | News | Comments

Japan's trade deficit surged to a record 7.6 trillion yen ($74.9 billion) in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday.                

Senate To Debate Bill Targeting Companies That Move Overseas

July 24, 2014 9:56 am | by The Associated Press | News | Comments

The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. But big hurdles remain.                            

China's Factory Index at 18-Month High

July 24, 2014 9:39 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing rose in July to its highest level in 18 months, in a sign that mini-stimulus measures to shore up growth in the world's No. 2 economy have taken hold.                          

IMF Cuts Forecast for U.S. Economic Growth

July 23, 2014 2:13 pm | by The Associated Press | News | Comments

The International Monetary Fund has shaved its forecast for U.S. economic growth this year, mostly because of a sharp contraction in the first quarter.                             

China Detains Meat Seller's Employees

July 23, 2014 2:10 pm | by Joe McDonald, AP Business Writer | News | Comments

Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.    

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