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Daily industrial news and top headlines for plant and maintenance managers

The Global Picture: Where Are The Manufacturing Jobs?

June 13, 2014 12:04 pm | by Tia Nowack, Associate Editor, IMPO - @TalesFromTia | Blogs | Comments

The global manufacturing scene has been getting a lot of press lately, as China’s production slows and the reshoring trend gives American workers hope. But with so many moving parts, what’s really happening?              

Police: 6 Killed at India Steel Plant

June 13, 2014 9:58 am | by Indrajit Singh, Associated Press | News | Comments

At least six people were killed and 29 more injured in an explosion and a subsequent gas pipeline leak on Thursday at a government-run steel plant in central India, a plant spokesman said.                  

EU Court Upholds $1.4B Intel Fine

June 12, 2014 11:28 am | by The Associated Press | News | Comments

A European Union court on Thursday upheld a 1.06 billion-euro ($1.4 billion) fine against Intel, the American microchip manufacturer, for abusing its dominant position in the market for computer central processing units.          

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Boeing Inks 777X Deal With Japanese Suppliers

June 12, 2014 9:27 am | by Yuri Kageyama, AP Business Writer | News | Comments

The Japanese manufacturers will make about 21 percent of the new plane's structural components, including fuselage sections and landing gear wells.                              

Africa's Female Entrepreneurs Take the Lead

June 11, 2014 1:47 pm | by Rodney Muhumuza, Associated Press | News | Comments

About 63 percent of women in the non-agricultural labor force are self-employed in the informal sector in Africa, more than twice the worldwide rate, according to World Bank data.                     

EU Investigates Apple, Starbucks, Fiat Tax Deals

June 11, 2014 1:35 pm | by Toby Sterling, Associated Press | News | Comments

The European Union's antitrust regulator has launched an investigation into tax deals that Apple, Starbucks and Fiat struck with some European countries, the start of a wider push to keep multinationals from taking advantage of loopholes.   

Nissan Launching Datsun-Brand Hatchback in South Africa

June 10, 2014 9:37 am | by The Associated Press | News | Comments

Nissan Motor Co. said Tuesday it will launch a Datsun-brand hatchback in South Africa later this year.                                           

Chinese Exports Rise, Imports Slip

June 9, 2014 1:41 pm | by The Associated Press | News | Comments

China says its export growth accelerated in May but imports dipped in a mixed sign for the world's second-biggest economy.                                      

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Profits Are Up: And So Are Corporate Income Taxes

June 6, 2014 2:00 pm | by PwC US | News | Comments

Average effective tax rates (ETR) over the past three years have continued to edge upward for industrial products and automotive sectors, reflecting a modest rebound in the global business climate that is leading to increased profits at many companies. 

German Spy Agency Comes Clean

June 6, 2014 1:39 pm | by Frank Jordans, Associated Press | News | Comments

Germany's foreign intelligence agency officially lifted the lid on some of its worst-kept secrets Friday, acknowledging that half a dozen facilities around the country are in fact spy stations — as anyone with Internet access could already figure out.

Former Japanese Exec Indicted for Price-Fixing

June 6, 2014 9:37 am | by The Associated Press | News | Comments

The U.S. Justice Department says a grand jury has indicted a former executive at a Japanese auto parts maker on accusations that he helped fix the prices of seatbelts sold to leading Japanese automakers.               

Radically Reshaping Manufacturing

June 5, 2014 2:23 pm | by McKinsey & Company | Videos | Comments

Katy George, global co-leader of McKinsey & Company's manufacturing group, explains next-shoring and makes the argument that companies must view their manufacturing process as an ecosystem that needs to be optimized from the supply base to the consumer. 

Fiat Adds Lower-Priced Maserati to Lineup

June 4, 2014 1:32 pm | by Ann M. Job, For The Associated Press | News | Comments

The new four door called the Ghibli has Italian flair, a Ferrari engine and a lower price tag than Maserati's other models that are all priced above $100,000.                            

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Productivity Falls in 1Q

June 4, 2014 1:09 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. productivity fell even more than previously thought in the January-March period while labor costs rose at a faster pace.                                    

U.S. Trade Deficit at 2-Year High

June 4, 2014 1:07 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit jumped to a two-year high in April, as sales of exports declined and imports surged to a record high.                                    

U.S.: China Tensions Bad for Business

June 4, 2014 9:34 am | by Teresa Cerojano, Associated Press | News | Comments

A senior U.S. official said that Washington wants to expand economic ties with Asia, the world's fastest growing region, but warned that China's provocative conduct in the South China Sea raises tensions that are bad for business.      

The Looming Whiskey Shortage

June 3, 2014 1:50 pm | by USA TODAY | Videos | Comments

Global whiskey sales are outpacing production by at least 2-to-1 prompting makers such as TennSouth Distillery's Clayton Cutler to work overtime to put up more barrels.                         

Vietnamese Businesses Worry About Anti-China Violence

June 3, 2014 9:43 am | by Chris Brummitt, Associated Press | News | Comments

China has long feuded with its Southeast Asian neighbors over who owns what in the South China Sea, one of the world's busiest shipping lanes and a region potentially rich in oil and natural gas.                

China Manufacturing Continues To Grow

June 2, 2014 1:59 pm | by The Associated Press | News | Comments

Chinese manufacturing grew for the third consecutive month in May, suggesting a slowdown in the world's second-largest economy is stabilizing, a state-sanctioned industry group said Sunday.                 

Unilever Banners Used Extremist Symbol in Myanmar

June 2, 2014 9:31 am | by The Associated Press | News | Comments

Consumer products giant Unilever scrambled Monday to remove advertising banners from shops in western Myanmar that prominently displayed the symbol of the Buddhist extremist movement blamed for a wave of bloody attacks against minority Muslims. 

Italy Wants $1.6B in Damages From Novartis and Roche

May 29, 2014 1:36 pm | by The Associated Press | News | Comments

Italy's health ministry is seeking $1.63 billion in damages from Swiss pharmaceutical giants Novartis and Roche after an anti-trust court ruled the two companies colluded to prevent the distribution of an eye medication.          

Malaysia Releasing Satellite Data on Missing Jet

May 27, 2014 2:17 pm | by Eileen Ng and Chris Brummitt, Associated Press | News | Comments

The Malaysian government on Tuesday released 45 pages of raw satellite data it used to determine that the missing jetliner crashed into the southern Indian Ocean, responding to demands for greater transparency.             

Price-Fixing Probe Rattles Auto Industry

May 27, 2014 9:40 am | by Eric Tucker, Associated Press | News | Comments

An investigation into price-fixing and bid-rigging in the auto parts industry has mushroomed into the Justice Department's largest criminal antitrust probe ever, and it's not over yet.                   

MIT Prof: More Costly to Offshore Than Many Companies Think

May 23, 2014 10:17 am | by MIT Sloan School of Management | Videos | Comments

Using a new finance tool, she shows how the mismatch costs that result from extending the supply chain may well be higher than the lower cost offered by the offshore supplier, leading to reduced profits.              

U.S. Accuses Japanese Exec of Price Fixing

May 23, 2014 10:12 am | by The Associated Press | News | Comments

A federal grand jury has charged a Japanese executive with conspiring to fix prices on auto parts.                                              

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