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Daily industrial news and top headlines for plant and maintenance managers
Boeing Hopes For Year Of The Max At Air Show
July 9, 2012 10:22 am | by Joshua Freed, AP Business Writer | News | CommentsFor Chicago-based Boeing, this year's show offers a chance for its revamped 737, called the 737 Max, to close a gap with a rival jet.
VW's Audi Sees 13 Percent June Sales Jump
July 9, 2012 10:18 am | by The Associated Press | News | CommentsAudi, one of Volkswagen AG's luxury brands, saw sales jump 13 percent in June due to stronger demand in the company's home market of Germany as well as the US and China.
ISM: Manufacturing Activity Down In June
July 9, 2012 8:13 am | by Mike Schmidt. Associate Editor, Manufacturing Business Technology | Articles | CommentsWhile overall economy grew for the 37th consecutive month, economic activity in the manufacturing sector contracted in June for the first time since July of 2009, according to the June Manufacturing ISM Report on Business.
Jeep Flagship Refined, Capable
July 6, 2012 1:57 pm | by Ann M. Job, For The Associated Press | News | CommentsThose who thought sport utility vehicles were going the way of the dodo were wrong. SUVs haven't died off amid higher gasoline prices.
Prius Remains Best-Selling Vehicle In Japan
July 6, 2012 1:53 pm | by The Associated Press | News | CommentsToyota Motor Corp.'s Prius hybrid remained the best-selling vehicle in Japan in June for the 13th consecutive month.
U.S. Employers Add 80,000 Jobs As Economy Struggles
July 6, 2012 10:04 am | by Christopher S. Rugaber, AP Economics Writer | News | CommentsU.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is still struggling three years after the recession ended.
U.S. Jobless Aid Applications Fall To 6-Week Low
July 5, 2012 1:55 pm | by Christopher S. Rugaber, AP Economics Writer | News | CommentsThe reports offered some hope for the job market after three sluggish months of hiring.
U.S. Auto Sales On The Rise
July 3, 2012 1:58 pm | by The Associated Press | News | Comments"The affordability of cars is probably at an all-time high," Chrysler Group sales chief Reid Bigland said last week.
U.S. Factory Orders Increased In May
July 3, 2012 1:55 pm | by Martin Crutsinger, AP Economics Writer | News | CommentsCompanies placed more orders with U.S. factories in May from April, demanding more computers, machinery, and other equipment that signal investment plans.
Boeing Expects Market For 34K New Planes
July 3, 2012 10:16 am | by Joshua Freed, AP Business Writer | News | CommentsBoeing is predicting that the world's airlines will buy 34,000 new airplanes over the next 20 years, driven by strong growth in China, India, and other emerging markets.
U.S. Manufacturing Shrinks For First Time In 3 Years
July 2, 2012 2:14 pm | by Christopher S. Rugaber, AP Economics Writer | News | CommentsU.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening.
Survey: Chinese Manufacturing Slowed In June
July 2, 2012 2:09 pm | by The Associated Press | News | CommentsChina's manufacturing grew in June by its slowest pace in seven months, a survey released Sunday showed, raising questions about Beijing's efforts to prevent the world's second biggest economy from slowing too quickly.
Survey Finds Japan Business Confidence Improves
July 2, 2012 9:57 am | by Eric Talmadge, Associated Press | News | CommentsBig manufacturers have more confidence in Japan's economy but remain pessimistic overall, a closely watched quarterly survey by the country's central bank showed Monday.
Tepid Economic Growth Weighs On U.S. Job Market
June 29, 2012 11:52 am | by Christopher S. Rugaber, Martin Crutsinger, AP Economics Writers | News | CommentsThe U.S. economy is growing too slowly to pull the job market out of a slump, according to the latest data that suggest June has been another weak month for hiring.
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.
