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Daily industrial news and top headlines for plant and maintenance managers
Smith & Wesson's 4Q Profit Soars On Sales
June 29, 2012 11:50 am | by The Associated Press | News | CommentsSmith & Wesson Holding Corp. said its 4Q net income soared on strong sales, particularly of its polymer pistols and modern sporting rifles, and it gave forecasts that beat expectations.
Japan's May Factory Output Down 3.1 Percent
June 29, 2012 11:47 am | by The Associated Press | News | CommentsJapan's factory output declined 3.1 percent in May from the previous month as the world's third biggest economy grapples with weaker European demand and an uneven recovery from last year's tsunami disaster.
Ford CFO Says International Losses Mounting
June 29, 2012 9:53 am | by The Associated Press | News | CommentsFord Motor Co.'s shares fell in post-market trading after the company said its second-quarter profit fell due to mounting losses outside North America.
Schnitzer Steel 3Q Profit Falls On Higher Costs
June 28, 2012 2:34 pm | by The Associated Press | News | CommentsSchnitzer Steel Industries Inc. said Thursday that its fiscal third-quarter net income slid 66 percent as it deals with higher costs and lower selling prices in its metals recycling unit .
U.S. Economy Grew At Modest 1.9 Percent Rate
June 28, 2012 2:16 pm | by Martin Crutsinger, AP Economics Writer | News | CommentsThe U.S. economy expanded at a 1.9 percent annual rate in the first three months of the year, a weak pace that few economists see changing much this year.
Oil Rises On better US Manufacturing, Housing Data
June 27, 2012 2:16 pm | by Sandy Shore, AP Business Writer | News | CommentsFactories received more orders in May for long-lasting manufactured goods such as heavy machinery, computers and communications equipment . . .
U.S. Durable Goods Rose 1.1 Percent In May
June 27, 2012 9:41 am | by Martin Crutsinger, AP Economics Writer | News | CommentsThe Commerce Department said Wednesday that orders for durable goods rose 1.1 percent in May after two months of declines.
LDK Solar Posts 1Q Loss As Solar Prices Drop
June 26, 2012 2:00 pm | by The Associated Press | News | CommentsLDK Solar Co. on Tuesday posted a first-quarter loss of $185.2 million, reversing a year-ago profit, after booking charges related to a plunge in solar panel prices and new anti-dumping regulations in the U.S.
Samsung: Galaxy S III Sales To Hit 10M In July
June 25, 2012 2:13 pm | by Youkyung Lee, AP Technology Writer | News | CommentsThe world's top mobile phone maker said it expects global sales of the latest Galaxy smartphone to surpass 10 million in July even as it struggles to keep up with demand because of component shortages.
Weak U.S. Job Market Weighs On Broader Economy
June 21, 2012 2:23 pm | by Christopher S. Rugaber, AP Economics Writer | News | CommentsThe sluggish job market is weighing on the U.S. economy three years after the Great Recession ended and it doesn't look to be getting much better any time soon.
Fewer U.S. CEOs Plan To Hire, Boost Spending
June 20, 2012 2:22 pm | by Christopher S. Rugaber, AP Economics Writer | News | CommentsA survey of chief executives shows fewer large U.S. companies plan to hire or boost spending in the next six months, reflecting a weaker U.S. economy.
Lexus Tops Auto Quality Study As Industry Improves
June 20, 2012 2:10 pm | by Tom Krisher, AP Auto Writer | News | CommentsLexus makes the best-quality cars in the U.S., and automakers overall are much better at eliminating problems that land vehicles in the repair shop, according to a new survey of car owners.
U.S. Employers Post Fewest Jobs In 5 Months
June 19, 2012 2:25 pm | by Christopher S. Rugaber, AP Economics Writer | News | CommentsEmployers in April posted the fewest job openings in five months, suggesting hiring will remain sluggish in the months ahead.
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.
