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Daily industrial news and top headlines for plant and maintenance managers

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.                                              

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.               

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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.               

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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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Chinese Ships Evacuate Workers After Riots in Vietnam

May 20, 2014 9:31 am | by Hau Dinh and Chris Brummitt, Associated Press | News | Comments

Watched over by riot police, more than 3,000 Chinese workers left Vietnam on Monday on ships chartered by their government after deadly unrest broke out last week amid a dispute over sovereignty claims in the South China Sea.        

Prosecutors Say Chinese Targeted 4 Major U.S. Manufacturing Firms

May 19, 2014 2:38 pm | by Eric Tucker, Associated Press | News | Comments

The United States has brought first-of-its kind cyber-espionage charges against five Chinese military officials accused of hacking into U.S. companies to gain trade secrets.                      

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.          

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.                 

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.                       

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