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Daily industrial news and top headlines for plant and maintenance managers
Harley-Davidson 2Q Profit Up On U.S. Demand
August 1, 2012 10:31 am | by The Associated Press | News | CommentsHarley-Davidson Inc. said Wednesday that its second-quarter net income jumped 30 percent, as demand for its motorcycles continued to grow both at home and abroad.
Fiat Earnings Slump Under Poor European Sales
July 31, 2012 2:06 pm | by The Associated Press | News | CommentsItalian carmaker Fiat reported Tuesday that second-quarter net income plummeted by 92 percent as a slump in European sales offset a profit at its U.S. carmaker Chrysler.
U.S. Consumer Spending Flat, Income Up 0.5 Percent
July 31, 2012 2:05 pm | by Martin Crutsinger, AP Economics Writer | News | CommentsIn June, consumers spent slightly more on services. But they cut back on autos and other long-lasting manufactured goods.
Chinese Leaders Call For Efforts To Boost Demand
July 31, 2012 2:03 pm | by Joe McDonald, AP Business Writer | News | CommentsChina's top leaders warned Tuesday that economic growth could slow further and called for more efforts to boost weak domestic demand.
U.S. Steel 2Q Net Income Cut In Half
July 31, 2012 10:27 am | by The Associated Press | News | CommentsUnited States Steel Corp. said Tuesday its second-quarter net income fell by more than half as slower global economic growth hurt demand in a number of its core markets.
Chrysler Group 2Q Income Reaches $436M
July 30, 2012 2:24 pm | by Chrysler Group | News | CommentsUnlike other U.S.-based automakers, Chrysler is benefiting from its reliance on the United States car market.
Recession Not As 'Great' As Previously Thought
July 27, 2012 12:25 pm | by Christopher S. Rugaber, AP Economics Writer | News | CommentsHere's a small consolation: The Great Recession wasn't quite as horrendous as previously thought.
Reliance Steel 2Q Profit Rises, Boosts Dividend
July 27, 2012 12:22 pm | by The Associated Press | News | CommentsReliance Steel & Aluminum Co. said its second-quarter profit rose 10 percent, but it cited the weak economy and difficulty in raising prices while giving a disappointing earnings forecast for the third quarter.
Precision Castparts Quarterly Profit Up 19 Percent
July 27, 2012 12:19 pm | by The Associated Press | News | CommentsPrecision Castparts reported a 19 percent increase in first-quarter net income but warned of "major headwinds" including an unplanned shutdown of its 29,000-ton forging press in Houston.
U.S. Jobless Claims Drop By 35,000 To 353,000
July 27, 2012 10:37 am | by Paul Wiseman, AP Economics Writer | News | CommentsThe number of Americans applying for unemployment benefits dropped by 35,000 last week, a figure that may have been distorted by seasonal factors.
Weaker Demand Pressures Dow Chemical 2Q
July 27, 2012 10:29 am | by The Associated Press | News | CommentsDow Chemical Co.'s second-quarter net income fell 34 percent as weaker demand led to lower prices. Softness in Europe and a stronger dollar also weighed on results. The biggest U.S. chemical maker expects to accelerate cost-cutting efforts.
Hyundai Logs Record Profit On Overseas Sales
July 26, 2012 12:10 pm | by Youkyung Lee, AP Business Writer | News | CommentsHyundai Motor Co. posted a record quarterly profit as new models perked sales in overseas markets despite slowing economic growth.
Boeing 2Q Net Income Up, Raises Outlook
July 26, 2012 12:06 pm | by Samantha Bomkamp, AP Airlines Writer | News | CommentsBoeing Co. posted a surprise improvement in second-quarter net income Wednesday as demand for passenger jets thrived and its defense business held its own.
U.S. Durable Goods Orders Fall Outside Aircraft
July 26, 2012 12:04 pm | by Christopher S. Rugaber, AP Economics Writer | News | CommentsThe decline for long-lasting U.S. factory goods orders, outside volatile aircraft and other transportation equipment, suggests businesses are losing confidence in the economy.
European Losses Hurt Ford's 2Q Profit
July 25, 2012 1:43 pm | by Dee-Ann Durbin, AP Auto Writer | News | CommentsPlummeting sales in Europe — and no hope for a quick fix in the troubled region — hurt Ford's second-quarter profit and forced the company to lower its full-year earnings forecast.
Apple Sags As Consumers Buy Cheaper iPhones
July 25, 2012 1:42 pm | by Peter Svensson, AP Technology Writer | News | CommentsMore consumers are buying the least expensive iPhones and iPads, a new phenomenon that is causing Apple's breakneck growth rate to slow.
Toyota Takes First-Half Global Sales Lead From GM
July 25, 2012 10:33 am | by Tom Krisher, Yuri Kageyama, AP Business Writers | News | CommentsToyota bounced back from safety recalls and natural disasters, selling 4.97 million vehicles globally in the first half of the year to retake its crown as the world's top automaker from General Motors Co.
Peugeot Citroen In H1 Loss As Europe Hits Business
July 25, 2012 10:28 am | by Sarah DiLorenzo, AP Business Writer | News | CommentsEurope's economic crisis pushed carmaker PSA Peugeot Citroen into a first-half loss of $990M, just as the company is set to clash with the French government over its restructuring plan.
Oil Prices Steady On Stronger Chinese Factory Data
July 25, 2012 10:27 am | by Chris Kahn, AP Energy Writer | News | CommentsThe price of oil is up slightly on signs that China's manufacturing is getting stronger.
Altera Stock Up After 2Q Results Beat Estimates
July 25, 2012 10:26 am | by The Associated Press | News | CommentsChip maker Altera Corp. said Tuesday that its second-quarter net income fell 24 percent as revenue declined, but the results beat Wall Street's expectations and shares jumped in after-hours trading.
CAT June Sales Rise 11 Percent
July 24, 2012 2:16 pm | by The Associated Press | News | CommentsCaterpillar Inc. said Tuesday that its global sales rose 11 percent in June, boosted by higher North American demand that offset flat sales in Europe, Africa and the Middle East.
AK Steel Posts 2Q Loss On Sales Drop, Hefty Charge
July 24, 2012 2:11 pm | by The Associated Press | News | CommentsAK Steel Holding Corp. posted a second-quarter loss on Tuesday as sales fell 14 percent and the steel maker recorded a hefty charge related to taxes.
DuPont Earnings Fall On Weak Volumes
July 24, 2012 10:24 am | by Randall Chase, AP Business Writer | News | CommentsThe DuPont Co. reported a 3 percent decline in second-quarter earnings Tuesday as volumes were off in several business units including its performance chemicals, electronics and safety product businesses.
Global Economy In Worst Shape Since 2009
July 23, 2012 2:08 pm | by Paul Wiseman, AP Economics Writer | News | CommentsGreece, Portugal, Italy, and Spain are in recessions. Germany and France are faring better, but both are likely to grow more slowly this year than America.
Fitch Upgrades Ratings On Harley-Davidson
July 23, 2012 10:05 am | by The Associated Press | News | CommentsFitch Ratings upgraded its ratings on Harley-Davidson Inc. and its related businesses Friday given high demand for the motorcycle manufacturer's bikes and strong financial position.
