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Daily industrial news and top headlines for plant and maintenance managers

Packaging Corp. 4Q Profit Up, Outlook Wary

January 22, 2013 10:19 am | by The Associated Press | News | Comments

Packaging Corp. of America's net income climbed 54 percent in its fourth quarter, buoyed by higher prices and sales as well as lower costs for recycled fiber and energy. But the producer of containerboard and corrugated packaging product issued an outlook for the current quarter that fell short of analyst estimates.

J&J 4Q Profit Jumps On Higher Sales, Lower Charges

January 22, 2013 10:15 am | by The Associated Press | News | Comments

Higher sales helped Johnson & Johnson post a much bigger fourth-quarter profit than a year ago, when several charges depressed results. But J&J's long-running manufacturing quality problems continued to hurt sales of consumer health products, which were down 3.6 percent in the U.S. and 0.4 percent worldwide at a total of $3.65 billion.

Johnson Controls 1Q Profit Falls 17 Percent

January 21, 2013 2:37 pm | by The Associated Press | News | Comments

Johnson Controls saw its European operations hammered by the broad recession there and posted a 17 percent decline in net income for the first-quarter Friday. A weak outlook for the current quarter sent shares tumbling in premarket trading.


GE Earnings Rise On Emerging Market Growth

January 21, 2013 2:32 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

General Electric Co. has been re-energized. Performance at all of the conglomerate's industrial segments is improving thanks to cost cutting, a shift in strategy and growth in emerging markets. GE, based in Connecticut, reported an operating profit per share of 44 cents, a penny higher than analysts polled by FactSet expected.

Toyota Thai Vehicle Sales Reached Record In 2012

January 21, 2013 2:29 pm | by The Associated Press | News | Comments

The Thai subsidiary of Toyota Motor Corp. announced Monday that Thai automotive industry sales in 2012 totaled a record 1.43 million vehicles, up 80 percent from the previous year. The company said it expects industry sales to drop 16 percent to 1.2 million vehicles in 2013.

Treasury Announces Sales Plan For GM Stock

January 18, 2013 2:10 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. Treasury Department says it has come up with a plan on how it will sell the remaining 300.1 million shares of stock it owns in General Motors. The process will bring to an end almost four years of partial government ownership of the car maker.

China's Growth Rebounds But Still Vulnerable

January 18, 2013 10:14 am | by Joe McDonald, AP Business Writer | News | Comments

China's economy is finally rebounding from its deepest slump since the 2008 global crisis but the shaky recovery could be vulnerable to a new downturn in global trade. Growth rose to 7.9 percent in the three months ending in December, up from the previous quarter's 7.4 percent data showed Friday.

USMTO: U.S. Manufacturing Tech Orders Up From 2011

January 18, 2013 8:00 am | Articles | Comments

November U.S. manufacturing technology orders totaled $421.83 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 11.0 percent from October and down 8.5 percent when compared with the total of $460.86 million reported for November 2011. With a year-to-date total of $5,212.17 million, 2012 was up 4.8 percent compared with 2011.


Airbus Confident Of Avoiding Boeing Battery Issue

January 17, 2013 1:56 pm | by Carlo Piovano, Greg Keller, Associated Press | News | Comments

Airbus said it was confident it would not run into the same problems afflicting Boeing Co.'s Dreamliner, related to a type of battery both companies use, but lost the crown as the world's largest plane maker to its archrival despite record deliveries.

U.S. Auto Industry Exuberant Heading Into 2013

January 17, 2013 1:50 pm | by Dee-Ann Durbin, Tom Krisher, AP Auto Writers | News | Comments

Maybe it was the brand new, bright red Chevrolet Corvette gleaming in one corner, or the elegant BMW coupe in the other. But car companies were positively giddy this week as the North American International Auto Show opened in Detroit. They have reason to be. U.S. new car and truck sales reached a five-year high of 14.5M in 2012, and many analysts think they'll climb to 15.5M this year.

U.S. Factory Output Rises For 2nd Straight Month

January 16, 2013 2:17 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. factory production rose in December for the second straight month, buoyed by more output of autos, electronics and business equipment. The Federal Reserve said Wednesday that factory output increased 0.8 percent last month compared with November. That followed a 1.3 percent rise in November, which partly reflected a rebound from Superstorm Sandy.

GM Predicts Modest Profit Growth In 2013

January 16, 2013 2:11 pm | by The Associated Press | News | Comments

General Motors expects only a modest increase in pretax profits this year as it rolls out multiple new cars and trucks worldwide. The company also thinks global auto sales will grow modestly this year, driven by the U.S. and China, while European car sales fall.

American Changing Jet Orders With Boeing, Airbus

January 15, 2013 10:43 am | by The Associated Press | News | Comments

American Airlines says it has renegotiated jet orders with Boeing Co. to save money and in some cases get a slightly smaller, less expensive version of Boeing's new 787 jet. The 787, which Boeing calls the Dreamliner, was delayed during production and has been beset by problems recently, including a fire aboard a Japan Airlines 787 last week in Boston.


Automakers Unveiling Cars For Recovering U.S. Market

January 15, 2013 10:34 am | by The Associated Press | News | Comments

Japan's Toyota Motor Corp. and Honda Motor Co. are among major players in an increasingly confident global car industry unveiling new models for the recovering U.S. market at the annual North American International Auto Show that opened Monday.

Lear Expects Revenue To Top Wall St. Forecasts

January 14, 2013 2:17 pm | by The Associated Press | News | Comments

Lear Corp. expects its 2012 and 2013 revenue will beat Wall Street's forecasts. The automotive seating and electrical power management systems supplier is also boosting its existing stock buyback program by $800 million to $1.5 billion and replacing a $500 million credit line with a new $1 billion revolving facility.

Samsung Sells 100M Galaxy S Smartphones

January 14, 2013 2:14 pm | by Youkyung Lee, AP Technology Writer | News | Comments

Samsung Electronics Co. said Monday that global sales of its Galaxy S smartphones surpassed 100 million units since the first model in the series was released less than three years ago. Samsung said it has sold more than 25 million Galaxy S smartphones, 40 million Galaxy S II smartphones and 41 million Galaxy S III smartphones.

Toyota Retakes Global Auto Sales Crown From GM

January 14, 2013 10:24 am | by Tom Krisher, AP Auto Writer | News | Comments

Toyota has once again dethroned General Motors as the world's top-selling automaker. The Japanese company sold 9.7 million cars and trucks worldwide in 2012, although it's still counting. GM sold 9.29 million. Both companies saw higher sales, but Toyota's growth was far larger as it rolled out new versions of popular models like the Camry.

Eurozone Industrial Output Down For 3rd Month

January 14, 2013 10:20 am | by Pan Pylas, Associated Press | News | Comments

Industrial output across the 17 European Union countries that use the euro fell in November for the third straight month, official figures showed Monday, raising fears that the recession in the region has continued into the last three months of 2012.

Report: Apple Cutting Orders For iPhone 5 Parts

January 14, 2013 10:18 am | by The Associated Press | News | Comments

Apple shares fell in premarket trading Monday after The Wall Street Journal reported that the company has cut its orders for iPhone 5 components due to weaker than expected demand. The newspaper said two people it did not identify by name told it that Apple's first-quarter orders for iPhone 5 screens have dropped to about half of what the company had planned.

Apple CEO: China Will Be Biggest Market

January 11, 2013 2:14 pm | by Joe McDonald, AP Business Writer | News | Comments

Apple expects China to overtake the United States as its biggest market, CEO Tim Cook told a Chinese government news agency. "China is currently our second largest market. I believe it will become our first. I believe strongly that it will," the Xinhua News Agency quoted Cook as saying in an interview.

Union-Run Trust Seeks Chrysler Stock Sale

January 11, 2013 2:12 pm | by The Associated Press | News | Comments

A trust fund that pays medical bills for Chrysler blue-collar retirees has asked the company to set up a public sale of Chrysler stock. The United Auto Workers trust, which owns 41.5 percent of Chrysler's shares, on Wednesday asked Chrysler to start the process for an initial public stock offering. The trust wants the company to sell 16.6 percent of the stock owned by the trust, Chrysler said.

UK Recession Fears Grow As Manufacturing Drops

January 11, 2013 2:07 pm | by Danica Kirka, Associated Press | News | Comments

Concern is growing that the British economy may be headed back into recession after statistics released Friday showed a surprise drop in manufacturing activity. The Office for National Statistics said manufacturing output fell by 0.3 percent between October and November, far off analysts' expectations for an increase of 0.5 percent.

Ford's Souped-Up Dividend Could Lure New Investors

January 11, 2013 10:17 am | by Paul Harloff, AP Business Writer | News | Comments

Ford may get a longer look from curious investors after rolling out a more muscular, souped-up dividend on Thursday. The nation's No. 2 automaker is doubling its quarterly payout to 10 cents, just nine months after paying its first dividend in more than five years.

China Trade Rebounds In Sign Of Economic Recovery

January 10, 2013 1:51 pm | by Joe McDonald, AP Business Writer | News | Comments

China's trade growth rebounded strongly in December in a positive sign for the gradual and still uncertain recovery of the world's second-largest economy. Export growth more than quadrupled from the previous month to 14.1 percent while imports — which failed to grow at all in November — rose 6 percent in a sign of increasing domestic demand, data showed Thursday.

World Stocks Rise As Alcoa Sees Stronger Demand

January 9, 2013 10:18 am | by Pamela Sampson, AP Business Writer | News | Comments

World stock markets rose Wednesday after the fourth-quarter earnings season got off to a positive start in the U.S. with aluminum giant Alcoa forecasting higher demand for 2013. Because Alcoa makes aluminum for so many key industries, investors study its results for clues about the health and direction of the overall economy.

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