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Daily industrial news and top headlines for plant and maintenance managers

Alstom CEO: GE Deal Will Save Jobs

June 23, 2014 9:17 am | by The Associated Press | News | Comments

Alstom SA's chief executive says the French heavy engineering firm's agreement to sell off most of its power generation business to U.S. rival General Electric Co. will save jobs and protect France's national interests.          

China Expands Investment in U.S., Creates Jobs

June 23, 2014 9:11 am | by Paul Wiseman, AP Economics Writer | News | Comments

After decades of siphoning jobs from the United States, China is creating some. Chinese companies invested a record $14 billion in the United States last year.                            

MAPI Quarterly U.S. Industrial Outlook: Accelerating Growth Ahead

June 17, 2014 1:02 pm | by The Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

Stable consumer-driven spending and a strong forecast for business investment bode well for the manufacturing sector, according to the Manufacturers Alliance for Productivity and Innovation.                 

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The State & Future of the Global Electronics Market

June 17, 2014 10:34 am | by David Mantey, Editor-in-Chief, Product Design & Development | Blogs | Comments

At EDS 2014, Dale Ford, vice president of IHS Technology, offered some eye-opening predictions, particularly for the consumer electronics market, in his presentation, “The Big Picture, Ideas, and Opportunities.”            

Tech Giants Want To Halt Overseas Snooping by U.S.

June 17, 2014 9:51 am | by Larry Neumeister, Associated Press | News | Comments

Microsoft Corp. and four other large American technology companies are using a Manhattan court case to draw a line in the cloud, saying the U.S. government has no right to seize computer data stored outside the country.         

Police: Indian Factory Workers Kill CEO

June 16, 2014 1:55 pm | by Prasanta Paul, Associated Press | News | Comments

An angry mob of Indian workers wielding iron rods and stones beat the CEO of a jute factory to death in a dispute over increasing their working hours, police said Monday after arresting six workers.                

Chia Powder Linked to Salmonella

June 13, 2014 2:00 pm | by Mary Clare Jalonick, Associated Press | News | Comments

Those who seek to make food healthier by adding chia powder should avoid several recalled brands that are linked to salmonella illnesses, the Centers for Disease Control and Prevention says.                  

China Plans To Help Baby Formula Producers

June 13, 2014 1:40 pm | by Joe McDonald, AP Business Writer | News | Comments

China's government announced plans Friday to build up a handful of large producers of infant formula in its latest effort to revive an industry that is reeling from a scandal over tainted milk.                 

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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.          

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.                     

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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.                                      

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.                            

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.                         

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