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Daily industrial news and top headlines for plant and maintenance managers
China Rolls Out Mini-Stimulus To Fight Slump
May 30, 2012 2:13 pm | by Joe McDonald, AP Business Writer | News | CommentsChina is rolling out a mini-stimulus to fight its economic slump but is moving cautiously after its massive response to the 2008 global crisis left a painful hangover of inflation and debt.
China Promises Support For Emerging Industries
May 30, 2012 10:30 am | by The Associated Press | News | CommentsChina's Cabinet said it has approved plans to promote development of seven emerging industries including clean energy as it tries to restructure the economy and boost growth.
Battered BlackBerry Maker Weighs Options
May 30, 2012 10:24 am | by Rob Gillies, Associated Press | News | CommentsRIM issued a dire warning about its business Tuesday, saying it is losing money for the second-consecutive quarter and will have to lay off a "significant" number of employees.
Consumer Confidence In The Economy Plunged In May
May 29, 2012 2:05 pm | by The Associated Press | News | CommentsRecent signs that an economic slowdown is spreading beyond Europe to fast-growing countries like China has raised fears that U.S. companies could pull back on hiring as demand weakens for their products.
Tata Motors Profit Doubles On JLR Sales
May 29, 2012 1:58 pm | by Erika Kinetz, AP Business Writer | News | CommentsMarch quarter profits at India's Tata Motors more than doubled to $1.1B on strong demand for Jaguar Land Rover vehicles, particularly in China, the company said.
Colfax Buying Soldex In $235M Deal
May 29, 2012 10:22 am | by The Associated Press | News | CommentsPump and valve maker Colfax Corp. is buying welding products supplier Soldex SA from Inversiones Breca SA, giving it a larger foothold in South America.
Rogue Is Nissan's Best-Selling SUV
May 25, 2012 12:02 pm | by Ann M. Job, For The Associated Press | News | CommentsAmericans still love riding high above the ground in their vehicles but have been opting for smaller sport utility vehicles to save on gasoline costs.
Toyota Looks To Growth In Emerging Markets
May 25, 2012 11:55 am | by Yuri Kageyama, AP Business Writer | News | CommentsToyota is looking to emerging markets for growth, targeting 50 percent of its global vehicle sales in such countries by 2015, and rolling out eight compact models over the next few years.
First Dodge Darts From IL Plant Reach Showrooms
May 25, 2012 11:53 am | by The Associated Press | News | CommentsThe first Dodge Darts to come out of a revitalized Chrysler plant in Illinois were shipped off to dealers this week, setting the stage for what Marchionne called the automaker's "real battle" in the compact market.
Toyota's Etios Sales Top 100,000 In India
May 25, 2012 10:06 am | by The Associated Press | News | CommentsToyota said its cumulative sales of the Etios series surpassed 100,000 units in India, with the relatively low-priced vehicles gaining popularity in the major emerging market.
Weekly U.S. Unemployment Applications Dip To 370K
May 25, 2012 10:04 am | by Christopher S. Rugaber, AP Economics Writer | News | CommentsThe number of people seeking unemployment benefits changed little last week, signaling modest job growth.
Trina Solar Posts Fiscal 1Q Loss
May 24, 2012 2:08 pm | by The Associated Press | News | CommentsChinese solar module maker Trina Solar Ltd. on Wednesday reported a loss for its fiscal first quarter as prices for modules fell.
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.
