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Daily industrial news and top headlines for plant and maintenance managers

Expert: Shutdown Hurt Midwest Business Conditions

November 1, 2013 1:29 pm | by The Associated Press | News | Comments

The stalling of the federal government contributed to worsening business conditions in nine Midwest and Plains states, according to a monthly economic report issued Friday.                       

U.S. Manufacturing Expands At Best Pace In 2½ Years

November 1, 2013 1:10 pm | by The Associated Press | News | Comments

U.S. factory activity expanded in October at the fastest pace in 2½ years, suggesting that the 16-day partial shutdown of the government had little effect on manufacturers.Instead, overseas demand and healthy U.S. auto sales appear to be supporting factory output.

Nissan Cuts Profit Outlook, Revamps Management

November 1, 2013 10:05 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

Ghosn attributed the weaker than expected performance to a variety of troubles, chief among them weakness in many emerging markets and painfully expensive recalls. He announced a management reshuffle that will make the company's chief operating officer, Toshiyuki Shiga, a vice chairman and appoint three other executives as COOs.

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Chrysler IPO Could Happen By Year End

October 31, 2013 1:52 pm | by Colleen Barry, The Associated Press | News | Comments

On the heels of a profitable third quarter, Chrysler Group said it will proceed with a public offering of shares before the end of this year.                               

Big Bucks For Detroit's Big 3

October 31, 2013 1:22 pm | by CNNMoney | Videos | Comments

GM, Chrysler and Ford are hotter than Detroit Lions wide receiver Calvin Johnson. The automakers' earnings are strong, a promising sign for the Motor City.                           

Lower Joint Venture Income Hit Corning In 3Q

October 30, 2013 1:41 pm | by The Associated Press | News | Comments

 Glass maker Corning said Wednesday that its net income fell 23 percent in the third quarter on lower earnings from its joint venture with Samsung, which Corning is buying out.  The company gave a disappointing forecast for the fourth quarter, and shares slipped.

GM Revenue Rises 4 Pct, Just Short Of Wall Street Estimates

October 30, 2013 9:59 am | by Tom Krisher, AP Auto Writer | News | Comments

General Motors says third-quarter net income fell 53 percent compared with a year ago, as one-time expenses and losses in Europe offset strong performances elsewhere. The company earned $698 million in the quarter, or 45 cents per share. That compares with $1.48 billion, or 89 cents per share, a year ago.

Chrysler Group Reports Third-Quarter Net Income Of $464 Million

October 30, 2013 9:56 am | by Chrysler Group LLC | News | Comments

Chrysler Group LLC today reported its preliminary third-quarter 2013 results, including net income of $464 million, marking the Company’s ninth consecutive quarter of positive net income.                  

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Fall In Auto Sales Lowers U.S. Retail Spending

October 29, 2013 9:50 am | by The Associated Press | News | Comments

A sharp drop in auto sales caused largely by a calendar quirk lowered U.S. retail spending in September. But Americans boosted their spending on most other goods, suggesting confidence in the economy ahead of the government shutdown.     

Apple's Earnings Fall Despite Rising iPhone Sales

October 29, 2013 9:44 am | by The Associated Press | News | Comments

 Apple's quarterly earnings are still sagging even as sales of its iPhones are rising, a vexing phenomenon feeding investor worries about whether stiffer competition in the mobile device market will continue to undercut the company's prosperity.

Unemployment Rate Falls To 7.2 Pct.

October 22, 2013 12:58 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

A tight job market has discouraged many Americans from looking for work. The percentage of Americans working or looking for work remained at a 35-year low last month.              

Rise, Fall, & Rise Of Rockford Factory

October 17, 2013 1:51 pm | by ALEX GARY, Rockford Register Star | News | Comments

Founded in 1854 as the Eagle Foundry, the Gunite plant is the oldest continuously operating manufacturing business in Rockford and even perhaps the Midwest. Crews make brake drums, disc wheel hubs and rotors, spoke wheels and automatic slack adjusters for such customers as Ford Motor and Daimler Trucks North America.

Factory Growth Slows Slightly In Philly Area

October 17, 2013 1:48 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

A survey showed manufacturing growth in the Philadelphia region slowed only slightly this month, suggesting the 16-day partial government shutdown had less impact on U.S. factories than many had feared.         

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Gov't Reopens After Congress Ends 16-Day Shutdown

October 17, 2013 1:43 pm | by Andrew Taylor, Associated Press | News | Comments

The White House directed all agencies to reopen promptly and in an orderly fashion. Furloughed federal employees across the country are expected to return to work Thursday.             

Deal Reached To Avoid Default And Open Government

October 16, 2013 3:17 pm | News | Comments

While the emerging deal could well meet resistance from conservatives in the Republican-controlled House, the Democratic Leader, Rep. Nancy Pelosi of California, has signaled she will support the plan and her rank and file is expected to vote for it in overwhelming numbers.

Buffett: Allowing U.S. Default Would Be Idiocy

October 16, 2013 1:49 pm | by Joshua Freed, Associated Press | News | Comments

Buffett said he thinks it would be absurd for American politicians to do anything to damage the country's reputation for paying its bills that has been established over the past 237 years.           

GM Boosts Prices As Pickup Battle Rages

October 16, 2013 1:47 pm | by Tom Krisher, AP Auto Writer | News | Comments

The company says the price of the 2014 Chevrolet Silverado will go up almost $2,100 over the introductory price in the spring.                     

NY Factory Activity Grows More Slowly In October

October 15, 2013 1:44 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Factory activity in the New York region expanded more slowly in October, a sign that the partial government shutdown may be weighing on the economy.                 

Default Looming: Day 14 Of Shutdown With No Solution

October 14, 2013 2:20 pm | by Donna Cassata, Associated Press | News | Comments

The United States moved perilously closer to an economy-rattling default and a partial government shutdown entered its 14th day as Senate Democratic and Republican leaders remained at odds over spending in their last-ditch negotiations to end the crises facing the nation.

Eurozone Industrial Output Rebounds In August

October 14, 2013 2:15 pm | by Pan Pylas, Associated Press | News | Comments

Eurostat, the EU's statistics office, said industrial production rose 1 percent. The increase was roughly in line with market expectations.                   

Data Shows China Passing U.S. As Biggest Oil Importer

October 10, 2013 1:25 pm | by Joe McDonald, AP Business Writer | News | Comments

China passed the United States in September as the world's biggest net oil importer, driven by faster economic growth and strong auto sales, according to U.S. government data released this week.          

Lincoln Takes On Lexus In New Ads

October 9, 2013 9:13 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Ford's luxury Lincoln brand spent most of this year reintroducing itself to American buyers. Now, it's taking on Lexus in a new bid to get noticed.                 

ISM: Manufacturing Momentum Continues

October 8, 2013 9:54 am | by Jon Minnick, Associate Editor | Articles | Comments

Economic activity in the manufacturing sector expanded in September for the fourth consecutive month and the overall economy grew for the 52nd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

Daimler's Mercedes Has Record Sales Month

October 4, 2013 2:29 pm | by The Associated Press | News | Comments

Daimler AG's luxury brand Mercedes-Benz sold a record number of cars in September. The Stuttgart-based automaker said Friday it sold 142,994 vehicles during September, up 15.9 percent on the same month a year before.         

Shutdown Could Slam Frail U.S. Economy

October 4, 2013 1:19 pm | by ReutersVideo | Videos | Comments

The bitter blame game continued with the still employed politicians in DC - while as many as a million workers were sent home on Tuesday, out of work and out of luck. The government's partial shutdown also means the September jobs report is being postponed. The workers who produce it aren't deemed "essential," which is why they're among the 800,000 federal employees being furloughed.

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