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Daily industrial news and top headlines for plant and maintenance managers

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.                            

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.                                    

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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. 

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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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May 2014: High-Tech Material Transport

May 22, 2014 10:36 am | Digital Editions | Comments

In this issue of IMPO, we visit America's oldest continuously operating paper mill, talk to experts about ways to improve Lean efforts, and showcase advancements in the material handling industry.

China to Tread Carefully as It Pursues Influence

May 22, 2014 9:55 am | by Louise Watt, Associated Press | News | Comments

 China is carrying on a high-stakes balancing act aimed at building influence and access to resources abroad without damaging ties with its most important economic partner — the United States.               

Vietnam Offers Help to Companies Hit by Riots

May 22, 2014 9:51 am | by The Associated Press | News | Comments

Vietnam on Thursday pledged to help companies whose factories were targeted during anti-Chinese riots last week, offering tax breaks and other incentives to try and undo some of the damage to its reputation as a low-risk country for foreign manufacturers.

Chinese Manufacturing Rebounds to 5-Month High

May 22, 2014 9:23 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing contraction eased in May, suggesting the slowdown in the world's second biggest economy is stabilizing.                                    

German CEOs Avoid Russia Business Forum

May 21, 2014 2:18 pm | by The Associated Press | News | Comments

Chief executives of major German companies have turned down invitations to this week's St. Petersburg International Economic Forum amid tension between Russia and the West over Ukraine.                   

Google Eyes up to $30B in Foreign Buyouts

May 21, 2014 10:08 am | by Michael Liedtke, AP Technology Writer | News | Comments

Google is amassing cash overseas to help finance a foreign shopping spree that could cost the Internet company up to $30 billion.                                   

China Set to Deliver First Homegrown Jet

May 21, 2014 9:53 am | by Louise Watt, Associated Press | News | Comments

China launched the ARJ21 project in 2002 in an attempt to break into the Western-dominated aircraft market. The plane was promised for 2007 but delivery was pushed back due to technical problems.               

New Models and Concepts Needed for Asia-Pacific Supply Chains

May 21, 2014 9:43 am | by Jonathan Wright | Articles | Comments

The very term “supply chain” implies a straight line and a singular operating mode, with tight linkages moving goods smoothly from mode to mode and location to location. In Asia-Pacific, however, this concept is unrealistic.        

PetSmart, Petco to Stop Selling Treats Made in China

May 21, 2014 9:34 am | by Joseph Pisani, AP Business Writer | News | Comments

PetSmart is the latest major pet food retailer to say it will stop selling dog and cat treats made in China because of continuing fears of their safety.                             

Obama Hosting CEOs Whose Firms Are Investing in U.S.

May 20, 2014 2:25 pm | by Jim Kuhnhenn, Associated Press | News | Comments

President Barack Obama is hosting executives from 11 foreign and U.S.-based companies that have chosen to open new plants or relocate overseas operations in the United States.                        

Germany Clamps Down on Spy Tech Exports

May 20, 2014 2:10 pm | by The Associated Press | News | Comments

Germany says it will restrict exports of surveillance technology to states that fail to respect their citizens' human rights.                                    

China Warns Cyber Charges Could Damage Ties

May 20, 2014 9:37 am | by Joe McDonald, Associated Press | News | Comments

China announced it was suspending cooperation with the United States in a joint cybersecurity task force over Monday's charges that officers stole trade secrets from major American companies.                 

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