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Daily industrial news and top headlines for plant and maintenance managers
Oil Prices Rise On U.S. Manufacturing Improvement
May 1, 2012 2:16 pm | by Sandy Shore, AP Business Writer | News | CommentsOil prices rose Tuesday after a strong showing by the U.S. manufacturing sector signaled more demand for energy products.
Chrysler Sales Rise 20 Percent In April
May 1, 2012 10:26 am | by Dee-Ann Durbin, Tom Krisher, AP Auto Writers | News | CommentsToyota's resurgence is hurting rivals. Honda Motor Co. and General Motors Co. are both expected to report double-digit sales declines in April, according to Kelley Blue Book.
China Says Manufacturing Expanded Again
May 1, 2012 10:24 am | by The Associated Press | News | CommentsChinese manufacturing expanded for a fifth straight month in April in data that analysts say indicate the country's economic activity is picking up moderately.
Bloom Breaking Ground On DE Fuel Cell Plant
April 30, 2012 2:19 pm | by The Associated Press | News | CommentsCalifornia fuel cell maker Bloom Energy has broken ground for a new manufacturing facility at the site of a former Chrysler assembly plant in Newark.
China Eastern Buys 20 Boeing 777s
April 30, 2012 10:24 am | by The Associated Press | News | CommentsChina Eastern Airlines is buying 20 Boeing 777 jets worth nearly $6B while also selling five Airbus A340s to the U.S. plane maker because they're costlier to run, the Shanghai-based airline said.
Board Member: RIM Turnaround To Take Years
April 27, 2012 1:56 pm | by Rob Gillies, Associated Press | News | CommentsPrem Watsa, RIM's third-largest investor, said he sees his investment in the company as a long-term one, adding that RIM's fortunes won't be reversed soon.
Ford 1Q Earns Fall On Europe Slump, Tax Rate
April 27, 2012 1:53 pm | by Dee-Ann Durbin, Tom Krisher, AP Auto Writers | News | CommentsNorth America propped up Ford Motor Co.'s profits in the first quarter, which otherwise took a beating from plummeting European sales and higher taxes.
Chrysler Posts Best Quarterly Profit In 13 Years
April 27, 2012 10:22 am | by Tom Krisher, AP Auto Writer | News | CommentsThe company earned $473 million in the first quarter, mainly from strong U.S. sales, which rose 39 percent from January through March.
Japan's Industrial Output Rises 1 Percent In March
April 27, 2012 10:18 am | by Malcolm Foster, Associated Press | News | CommentsJapan's industrial production rose 1 percent in March from February, led by output of automobiles, notebook computers and communications equipment amid a tentative upswing in the world's third-largest economy.
U.S. 1Q Growth Slowed To 2.2 Percent
April 27, 2012 10:13 am | by Marting Crutsinger, AP Economics Writer | News | CommentsThe U.S. economy grew more slowly in the first three months of this year. Stronger consumer spending was offset by cutbacks in government spending and business investment.
Fiat 1Q Profits Triple Thanks To Chrysler
April 26, 2012 12:02 pm | by Colleen Barry, AP Business Writer | News | CommentsThe automaker reported net profit of $137M for the period ending March 31, due to strong North American results and despite losses in Europe.
Goodrich 1Q Profit Falls, Plane Parts Sales Rise
April 26, 2012 11:57 am | by The Associated Press | News | CommentsGoodrich Corp., which supplies components for aircraft makers, said that first-quarter profit fell 4 percent on higher taxes and costs for its sale to United Technologies Corp.
Unemployment Aid Requests Near 3-Month High
April 26, 2012 11:55 am | by Christopher S. Rugaber, AP Economics Writer | News | CommentsThe number of people seeking U.S. unemployment benefits remained stuck near a three-month high last week, a sign that job gains will likely remain modest.
Caterpillar 1Q Profit Jumps 29 Percent, Boosts Outlook
April 25, 2012 2:13 pm | by Josh Funk, AP Business Writer | News | CommentsCaterpillar's first-quarter profit jumped 29 percent and it boosted its outlook for the year as U.S. builders replaced old gear and global demand for mining equipment boomed.
Boeing CEO Backs AMR On Delaying Merger
April 25, 2012 2:09 pm | by The Associated Press | News | CommentsIndustry insiders speculate that US Airways' potential bid for American — if it leads to a merger — would help Airbus more than Boeing.
Harley 1Q Profit Jumps On Sales Increase
April 25, 2012 2:04 pm | by Bree Fowler, AP Business Writer | News | CommentsHarley-Davidson Inc. said Wednesday that its first-quarter profit jumped 44 percent, as improving economic conditions boosted U.S. sales of its well-known motorcycles.
Boeing 1Q Profit Soared 58 Percent
April 25, 2012 10:30 am | by David Koenig, AP Airlines Writer | News | CommentsAirlines around the world are updating their fleets with new, more fuel-efficient planes, and that's good news for aircraft maker Boeing Co.
U.S. Steel Industry In Slow Recession Recovery
April 25, 2012 10:27 am | by Sandy Shore, AP Business Writer | News | CommentsSteel makers, particularly United States Steel Corp., bounced back in the first quarter from a slump in the last three months of 2011. But shipments and sales continue to lag pre-recession levels.
U.S. Orders For Long-Lasting Goods Plunge
April 25, 2012 10:22 am | by Christopher S. Rugaber, AP Economics Writer | News | CommentsOrders for long-lasting factory goods fell by the largest amount in three years last month, mostly because demand for commercial aircraft plummeted.
Fastenal Installs 10,000+ Industrial Vending Machines
April 24, 2012 2:05 pm | News | CommentsThe 10,000+ machine milestone was achieved last week, when more than 200 machines were installed at various Fastenal customer locations.
Fitch Restores Ford Credit To Investment Grade
April 24, 2012 10:20 am | by Tom Krisher, AP Auto Writer | News | CommentsThe Fitch Ratings agency lifted Ford's credit rating from junk status to investment grade Tuesday, a sign that the company's recovery from near collapse is almost complete.
Eaton Corp. 1Q Earnings Up 8 Percent Over 2011
April 23, 2012 2:15 pm | by Thomas J. Sheeran, Associated Press | News | CommentsThe company reported net income of $311 million, or 91 cents per share, for the three months ended March 31, up from $287 million, or 83 cents, a year ago.
Honeywell International 1Q Net Income Climbs
April 23, 2012 10:15 am | by The Associated Press | News | CommentsHoneywell International Inc. said Friday that its profit rose 17 percent in the first quarter as strength in the U.S. offset weakness in Europe.
Fewer U.S. States Reported Job Gains Last Month
April 20, 2012 1:52 pm | by Christopher S. Rugaber, AP Economics Writer | News | CommentsThe average number of people seeking unemployment benefits nationwide in the past month is at a three-month high.
Automakers Unveil New Models At Beijing Show
April 20, 2012 1:46 pm | by Didi Tang, Joe McDonald, The Associated Press | News | CommentsAutomakers are bringing SUVs and luxury sedans designed for Chinese buyers to China's biggest auto show this year as they scramble to keep sales growing.
