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Daily industrial news and top headlines for plant and maintenance managers
Fitch Says It May Cut Eaton Rating On Cooper Deal
May 23, 2012 12:03 pm | by The Associated Press | News | CommentsFitch said Eaton will take on around $5.1B in long-term debt as part of the acquisition, and it will assume $1.4B in outstanding debt held by Cooper.
Suntech Power Loses Money In Its 1st Quarter
May 23, 2012 11:52 am | by The Associated Press | News | CommentsSuntech Power Holdings Co. lost money in its first quarter as shipments and prices for its solar panels fell.
Ford To Get Blue Oval Back After Second Upgrade
May 23, 2012 10:26 am | by Dee-Ann Durbin, Tom Krisher, AP Auto Writers | News | CommentsFord never stopped using its logo or factories, but posted them as collateral in 2006 in order to get a $23.5 billion loan and avoid bankruptcy.
Tesla Shares Up; New Model To Go On Sale In June
May 22, 2012 2:17 pm | by The Associated Press | News | CommentsShares of electric car maker Tesla Motors Inc. got a jolt Tuesday after the company announced that it would deliver its first lower-priced model in June.
Nissan's Luxury Infiniti Brand Opens Hong Kong HQ
May 22, 2012 10:31 am | by Kelvin Chan, AP Business Writer | News | CommentsThe Japanese automaker is using the southern Chinese financial center to grab a bigger piece of the world's top car market.
Toyota's Hybrid Car Sales Top 4M Units
May 22, 2012 10:30 am | by The Associated Press | News | CommentsToyota Motor Corp. said Tuesday its global cumulative sales of hybrid electric-gasoline vehicles have topped 4 million units since its first model debuted in 1997.
Malaysia, Australia Ink Free Trade Pact
May 22, 2012 10:24 am | by The Associated Press | News | CommentsAustralian investments in Malaysia's manufacturing sector totaled $773M at the end of last year, sharply lower than $4.3B worth of Malaysian investments in Australia, officials said.
India Shines As New Star In Solar Power Market
May 21, 2012 2:23 pm | by The Associated Press | News | CommentsWith the global solar power market saddled with oversupply from Chinese makers while demand shrinks in Europe amid the region's debt crisis, eyes have turned to India as one of the fastest growing new markets.
Tax Incentives Rise As Companies Invest In Research
May 21, 2012 8:23 am | by PwC | Articles | CommentsThe average three-year effective tax rate through December 31, 2011 of industrial product companies was 26.3 percent, a 0.7 percent increase over the ETR in the prior year, according to a new study.
Caterpillar Shares Fall On 3-Month Sales Figures
May 18, 2012 10:12 am | by The Associated Press | News | CommentsShares of Caterpillar Inc. fell Thursday after the maker of heavy equipment reported slower growth in dealer sales.
U.S. Unemployment Applications Stay At 370,000
May 18, 2012 10:11 am | by Christopher S. Rugaber, AP Economics Writer | News | CommentsThe number of people seeking U.S. unemployment benefits was unchanged last week, suggesting modest but steady gains in the job market.
Japan's Economy Grew 4.1 Percent Amid Recovery
May 18, 2012 10:10 am | by Yuri Kageyama, AP Business Writer | News | CommentsJapan's economy grew an at annual rate of 4.1 percent in the first quarter amid a gradual recovery from last year's catastrophic earthquake and tsunami.
CFOs More Optimistic About U.S. Economy
May 18, 2012 8:18 am | by Bank of America Merrill Lynch | Articles | CommentsU.S. financial executives are much more optimistic about the national economy than they were last fall, but remain cautious about the global economy, according to a recent survey.
U.S. Economy Picks Up After Early Spring Slump
May 17, 2012 1:54 pm | by Christopher S. Rugaber, AP Economics Writer | News | CommentsU.S. manufacturing, one of the strongest areas of the economy since the recession ended nearly three years ago, rebounded in April after a March lull.
Ford Takes On Toyota With Lower-Priced Hybrid
May 17, 2012 1:45 pm | by Dee-Ann Durbin, AP Auto Writer | News | CommentsFord Motor Co. said its new C-Max hybrid small minivan will have a base price that's $500 less than Toyota's Prius V wagon when it goes on sale this fall.
Buffett's Firm Buys 10M Share Stake In GM
May 16, 2012 1:55 pm | by Josh Funk, AP Business Writer | News | CommentsBerkshire Hathaway Inc. took a new 10-million share stake in General Motors Co. in the first quarter. Fueled by U.S. vehicle sales, GM posted first-quarter net income of $1 billion.
U.S. Factory Output Up In April On Stronger Autos
May 16, 2012 10:27 am | by Marting Crutsinger, AP Economics Writer | News | CommentsU.S. factory output increased in April, helped by a gain in auto production. Busier factories have driven stronger hiring this year and helped the economy grow.
USMTO: March Manufacturing Technology Orders Rise
May 15, 2012 3:32 pm | by AMT - The Association For Manufacturing Technology | Articles | CommentsMarch U.S. manufacturing technology orders were up 11.3 percent from February but down 1.4 percent when compared to March 2011.
U.S. Business Stockpiles Grew In March
May 15, 2012 2:24 pm | by Marting Crutsinger, AP Economics Writer | News | CommentsU.S. companies restocked more slowly in March, continuing a trend that has weighed on growth this year.
A123 1Q Loss More Than Doubled
May 15, 2012 2:22 pm | by The Associated Press | News | CommentsBattery maker A123 Systems said its 1Q was pulled down by hefty costs related to its ongoing replacement of potentially defective batteries and the shutdown of the plant that made them.
Wireless Startup LightSquared Files For Bankruptcy
May 15, 2012 2:19 pm | by Peter Svensson, AP Technology Writer | News | CommentsLightSquared Inc., which hoped to create an independent wireless broadband network in the U.S., filed for bankruptcy protection on Monday.
Americans Spending More As Gas Prices Fall
May 15, 2012 2:17 pm | by Christopher S. Rugaber, Martin Crutsinger, AP Economics Writers | News | CommentsAmericans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.
Markets Recover As Eurozone Dodges Recession
May 15, 2012 10:33 am | by Carlo Piovano, AP Business Writer | News | CommentsEuropean markets bounced back from early losses on news that the 17-country eurozone has narrowly dodged recession, thanks mainly to strong growth in Germany.
China Faces Pressure To Reverse Economic Slump
May 15, 2012 10:27 am | by Elaine Kurtenbach, Joe McDonald, AP Business Writers | News | CommentsChina's economic growth has decelerated from overheated to slower than Beijing wanted in just half a year as export demand and consumer spending at home weaken.
Mega Deals Drive Total Value Of 2012 1Q Industrial Products M&A
May 15, 2012 8:39 am | by PwC | Articles | CommentsDeal value and mega deal activity increased in the industrial manufacturing, metals and transportation and logistics sectors.
