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Daily industrial news and top headlines for plant and maintenance managers

CEO of China Drug Company Commits Suicide Amid Probe

May 19, 2014 9:41 am | by The Associated Press | News | Comments

A Chinese drug company says its chief executive has jumped to his death. Official media reported he was under investigation on suspicion of taking bribes.                           

Fallout From Russian Sanctions Hits U.S. Companies

May 16, 2014 1:36 pm | by USA Today | Videos | Comments

The economic sanctions levied against Russia for its involvement in Ukraine has taken a bite out of the profits of some U.S. companies that do business in Russia.                         

Swiss Mull $24 Minimum Wage

May 16, 2014 1:17 pm | by John Heilprin, Associated Press | News | Comments

In a nation of mostly haves and have-mores, Swiss voters head to the polls Sunday to decide on a union proposal that would create a new nationwide minimum wage at 22 Swiss francs ($24.70) an hour — the world's highest.          

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Bayer Selling Division to Boston Scientific for $415M

May 15, 2014 9:32 am | by The Associated Press | News | Comments

Germany's Bayer AG says it's selling its interventional division to the Boston Scientific Corporation for $415 million so that it can focus on growth in other areas.                         

British Lawmakers Press Pfizer for Job Guarantees

May 13, 2014 11:19 am | by The Associated Press | News | Comments

British lawmakers pressed the chief executive of Pfizer on Tuesday to guarantee jobs should the American company succeed in taking over London-based AstraZeneca.                         

U.S. Aims to Boost Small Business Exports

May 13, 2014 11:17 am | by The Associated Press | News | Comments

Seeking to boost exports, the Obama administration is launching a new initiative aimed at helping small- and medium-sized businesses sell their products in new markets overseas.                      

BlackBerry Launching New Smartphone for Indonesia

May 13, 2014 11:02 am | by The Associated Press | News | Comments

BlackBerry has launched a new lower-cost smartphone designed specifically for Indonesia, where its market share has plunged in recent years but remains higher than in many other nations.                    

Thousands of Vietnamese Workers Protest at Chinese Factories

May 13, 2014 11:00 am | by The Associated Press | News | Comments

Several thousand Vietnamese workers protested at Chinese-owned factories on Tuesday, vandalizing some of them, as anger flared at Beijing's deployment of an oil rig in waters claimed by Vietnam.                 

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UN Weighs Laws For 'Killer Robots'

May 13, 2014 9:49 am | by The Associated Press | News | Comments

Diplomats urged the adoption of new international laws Tuesday that could govern the use of "killer robots" if the technology becomes reality someday.                              

Volkswagen to Complete Scania Purchase

May 13, 2014 9:33 am | by The Associated Press | News | Comments

German automaker Volkswagen AG has enough shares to take complete ownership of Swedish truck-maker Scania and move ahead with integrating its commercial vehicle business.                       

13 Arrests After Italian Factory Makes Bad Mozzarella

May 13, 2014 9:07 am | by The Associated Press | News | Comments

Police in Italy have shut down a mozzarella factory and arrested 13 people after finding that prized local buffalo milk was being cut with cheaper imported cow milk.                          

Wall Collapses at China Plant, Kills 18

May 12, 2014 1:34 pm | by The Associated Press | News | Comments

Heavy rain caused a retaining wall to collapse at a recycling plant in the eastern Chinese city of Qingdao on Sunday, killing 18 people.                                 

China's President: Get Used to Slower Growth

May 12, 2014 9:25 am | by The Associated Press | News | Comments

China's president has told the country to get used to slower growth, damping expectations of a new stimulus.                                          

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P&G Pulls Detergent Over Neo-Nazi Code

May 9, 2014 1:48 pm | by The Associated Press | News | Comments

Detergent manufacturer Procter & Gamble has prompted anger in Germany after unintentionally placing a neo-Nazi code on promotional packages for Ariel washing powder.                        

Unilever Closing Canadian Plant, Moving Production To U.S.

May 9, 2014 10:07 am | by The Associated Press | News | Comments

A Unilever plant in Bramalea, Ont. that manufactures dry mixes for soups, sauces and other foods, will close and its production capability shipped to the United States, the company announced Thursday.               

Chinese Auto Sales Rebound In April

May 9, 2014 9:21 am | by Joe McDonald, AP Business Writer | News | Comments

Passenger vehicle sales rose 11.6 percent to 1.6 million vehicles. That was up from March's 7.9 percent growth.                                        

Battery Watering Technologies Partners With Wetac To Cover Europe

May 8, 2014 11:04 am | by Battery Watering Technologies | News | Comments

Battery Watering Technologies is excited to announce the partnership with Wetac Motive Power to provide distribution for battery watering systems and accessories throughout Europe.                    

Toyota Sees Record Profit, Vehicle Sales

May 8, 2014 9:44 am | by Yuri Kageyama, AP Business Writer | News | Comments

Toyota chalked up a record annual profit and sales above 10 million vehicles for the first time, but forecasts a slower year ahead as the momentum from a weak yen fades.                       

Slowing Chinese Economy Likely To Pinch U.S.

May 7, 2014 10:04 am | by The Associated Press | News | Comments

It is estimated that each 1 percentage point drop in China's economic growth causes as much damage to the U.S. economy as a $20-a-barrel increase in oil prices.                              

What Does ‘Made In America’ Really Mean?

May 6, 2014 1:25 pm | by Anna Wells, Executive Editor | Blogs | Comments

Imported products sold in the United States, from clothing to cars, contain far more U.S. parts or other value, and support significantly more American jobs than consumers or policymakers realize.         

Mexico vs. China Manufacturing: Who Has The Upper Hand?

May 5, 2014 3:11 pm | by Adam Robinson, Cerasis, Inc. - @Cerasis | Blogs | Comments

The reshoring trend has gotten a lot of attention of late, as American companies that once outsourced jobs overseas are bringing them home. But jobs aren't just coming home — they're also going to Mexico. So who has the upper hand, China or Mexico?

Chinese Manufacturing Shrinks For 4th Month

May 5, 2014 9:22 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing contracted in April for the fourth straight month but the pace of decline was less severe, suggesting the downturn in the world's No. 2 economy is bottoming out.                    

Senators Voice Doubts On Obama Trade Agenda

May 2, 2014 10:05 am | by Matthew Pennington, Associated Press | News | Comments

Lawmakers provided a reality check Thursday to the Obama administration's optimism overs its trade agenda following some progress in key negotiations with Japan.                          

AstraZeneca Rejects Sweetened Bid From Pfizer

May 2, 2014 9:53 am | by Danica Kirka, Associated Press | News | Comments

The board of pharmaceutical company AstraZeneca on Friday flatly rejected drug maker Pfizer's sweetened takeover offer just hours after it was leveled, describing it as inadequate.                    

Chinese Manufacturing Growth Weak In April

May 1, 2014 1:52 pm | by The Associated Press | News | Comments

Chinese manufacturing grew weakly in April, suggesting a slowdown in the world's second-largest economy is stabilizing, an industry group said Thursday.                            

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