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Daily industrial news and top headlines for plant and maintenance managers
Fed Meets As Many Await Help For Economy
June 19, 2012 2:20 pm | by Martin Crutsinger, AP Economics Writer | News | CommentsThe Federal Reserve is meeting this week at a time of high alert — over the slumping U.S. economy, the aftermath of the Greek elections, and the shaky financial markets.
Solar Shares Soar On Japanese Subsidy Announcement
June 19, 2012 10:16 am | by The Associated Press | News | CommentsShares of solar equipment makers jumped Monday following the approval of subsidies in Japan that could make it one of the most attractive markets in the world.
Steel Companies Fall On Demand, Price Worries
June 18, 2012 2:02 pm | by The Associated Press | News | CommentsShares of steel companies fell Monday as investors worried that demand could fall because of slower economic growth.
Greek Crisis Takes Its Toll On Industry
June 15, 2012 10:04 am | by Costas Kantouris, Associated Press | News | CommentsIndustrial output in northern Greece has fallen by nearly 40 percent over the past two years, according to Nikos Petzos, head of the Federation of Industries of Northern Greece.
Hopeful Sign: Small Manufacturers Buy Big Machines
June 15, 2012 10:02 am | by Joyce M. Rosenberg, AP Business Writer | News | CommentsSmall businesses that make machines and components for other manufacturers are experiencing an upswing that could be a sign of things to come for the broader economy.
CAT OKs 13 Percent Increase In Dividend
June 14, 2012 1:53 pm | by The Associated Press | News | CommentsCaterpillar Inc. said Wednesday that its board has approved a 13 percent increase in the quarterly cash dividend, marking the biggest percentage dividend increase since the financial crisis of 2008.
Chinese Consumers Pay More, But Expect More
June 13, 2012 2:06 pm | by Elaine Kurtenbach, AP Business Writer | News | CommentsChinese consumers can afford to splash out more on higher quality products but also expect better value for their money than in the past, an American Chamber of Commerce study found.
U.S. Companies Boosted Stockpiles 0.4 Percent
June 13, 2012 1:56 pm | by Martin Crutsinger, AP Economics Writer | News | CommentsU.S. companies increased their stockpiles at a faster rate in April, despite only modest growth in sales.
U.S. Wholesale Prices Fall By Most Since 2009
June 13, 2012 1:51 pm | by Christopher S. Rugaber, AP Economics Writer | News | CommentsA steep drop in gasoline costs drove down a measure of U.S. wholesale prices in May by the most since July 2009. But outside the food and energy categories, prices increased moderately.
Solar Stocks Soar On First Solar Deal
June 13, 2012 10:18 am | by The Associated Press | News | CommentsSolar company stocks shined Tuesday on signs that global demand for solar products is improving.
Shares Of A123 Systems Soar On Technology News
June 12, 2012 2:11 pm | by The Associated Press | News | CommentsShares of A123 Systems jumped in early trading after the embattled electronic-car battery maker said that it had developed new lithium ion technology capable of operating in extreme heat or cold.
Fed Reports How Much Recession Shrank U.S. Wealth
June 12, 2012 10:06 am | by Martin Crutsinger, AP Economics Writer | News | CommentsThe Great Recession shrank Americans' wealth so much that in 2010 median family net worth was no more than it had been in 1992 after adjusting for inflation, the Federal Reserve reported Monday.
Sector Snap: Steel Shares Slide
June 12, 2012 9:59 am | by The Associated Press | News | CommentsShares of steel companies fell Monday on investor concerns that industry conditions will worsen as steel prices fall and demand for the metal slows in a weakening economy.
2011 Sees Record Investments In Renewable Energy
June 11, 2012 2:07 pm | by Frank Jordans, Associated Press | News | CommentsGlobal investment in renewable energy reached a record of $257B last year, with solar attracting more than half the total spending, according to a U.N. report.
China's Auto Market Revved Up In May
June 11, 2012 2:02 pm | by The Associated Press | News | CommentsChina's auto market revved to life in May despite the weakening economy, with vehicle sales jumping nearly 16 percent from a year earlier to 1.61 million units, industry figures showed.
Yamaha Motor Aims To boost Marine Sales
June 11, 2012 2:00 pm | by The Associated Press | News | CommentsMotorcycle manufacturer Yamaha Motor said it is aiming to boost global sales in marine business such as outboard motors and boats by about 70 percent.
Canadian Tech Town Feels BlackBerry's Decline
June 11, 2012 10:11 am | by Rob Gillies, Associated Press | News | CommentsWith more than $2B in cash, bankruptcy for RIM seems unlikely in the near term, but these are troubling times for Canada's Silicon Valley.
Stocks Fall As Fed Chief Disappoints On Stimulus
June 8, 2012 2:05 pm | by Colleen Barry, AP Business Writer | News | CommentsBen Bernanke avoided giving any signals about what the Fed might do in response to a slowdown in hiring.
U.S. Wholesale Stockpiles Grew In April
June 8, 2012 1:59 pm | by Marting Crutsinger, AP Economics Writer | News | CommentsU.S. wholesale businesses increased their stockpiles at a faster rate in April, responding to a strong gain in sales.
ISM: Manufacturing Is 'Resilient'
June 7, 2012 4:18 pm | by ike Schmidt, Associate Editor, Manufacturing Business Technology | Articles | CommentsResilient and strong are two of the best words to describe the current state of manufacturing in the U.S. according to the May Manufacturing ISM Report.
Dow Leaps, Is On Track For Second Day Of Gains
June 6, 2012 2:13 pm | by Matthew Craft, AP Business Writer | News | CommentsAn early 200-point charge turned the Dow Jones industrial average positive for the year following a dismal stretch in May.
Amerigon To Change Name, Stock Ticker
June 6, 2012 2:07 pm | by The Associated Press | News | CommentsThe changes will reflect the company's new capabilities and broader global reach following its purchase of a majority stake in Germany's W.E.T. Automotive Systems AG, Amerigon said.
U.S. Economic Outlook Worsens After Jobs Report
June 5, 2012 2:08 pm | by Christopher S. Rugaber, AP Economics Writer | News | CommentsThe faltering U.S. job market has prompted economists to take a much dimmer view of the country's growth prospects.
BlackBerry Maker RIM's Stock Sinks Below $10
June 5, 2012 2:04 pm | by The Associated Press | News | CommentsThe maker of the BlackBerry mobile device has steadily lost ground to Apple Inc.'s iPhone as well as phones that run Google Inc.'s Android software, such as Samsung's.
U.S. Factory Orders Fell 0.6 Percent In April
June 4, 2012 1:36 pm | by Martin Crutsinger, AP Economics Writer | News | CommentsEven with the declines, factory orders are well above their recession lows.
