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Daily industrial news and top headlines for plant and maintenance managers

U.S Trade Deficit Falls To Lowest In 18 Months

August 9, 2012 11:47 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The U.S. trade deficit fell to its lowest level in 18 months in June, pushed down by a steep drop in oil imports and a rise in exports.

U.S. Employers Post Most Jobs In 4 Years

August 8, 2012 2:03 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. employers posted the most job openings in four years in June, a positive sign that hiring may pick up.

Toyota Exec Sees More Manufacturing In N. America

August 8, 2012 2:01 pm | by Tom Krisher, AP Auto Writer | News | Comments

Toyota's top U.S. sales executive predicts that his company will add jobs and build more models in North America as a hedge against a strong yen.

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Europe's Economies Show Signs Of Weakness

August 8, 2012 1:59 pm | by Robert Barr | News | Comments

The central banks of France and Britain, Europe's second- and third-largest economies, made grim forecasts on Wednesday, while data out of Germany, its largest economy, showed a weakening in manufacturing.

A123 Posts $82.9M 2Q Loss, Gets Financing Deal

August 8, 2012 1:56 pm | by The Associated Press | News | Comments

A123 Systems said that while its operations continue to bleed cash, it has reached an agreement with a Chinese auto parts maker for an investment of up to $450M that will help the struggling electric vehicle maker stay afloat.

Boeing Raises Prices On Commercial Jetliners

August 8, 2012 1:55 pm | by The Associated Press | News | Comments

Boeing spokesman Thomas Brabant said the 2012 prices reflected higher costs for wages, goods, and services.

U.S. Worker Productivity Up 1.6 Percent In 2Q

August 8, 2012 10:24 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The modest 1.6 percent annualized gain in productivity from April through June signals employers may need to hire more if demand picks up.

Recovering Japan Automakers Still Cautious

August 7, 2012 2:34 pm | by The Associated Press | News | Comments

Automakers are gearing up for a possible spillover of the eurozone debt crisis as the European market continues to deteriorate.

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U.S. Jobs Data Trigger Global Market Rally

August 6, 2012 2:10 pm | by The Associated Press | News | Comments

Financial markets rallied Friday as an increase in U.S. hiring suggested the world's largest economy is not heading for recession but recovering gradually.

GM Predicts Substantial European Losses This Year

August 6, 2012 2:09 pm | by The Associated Press | News | Comments

Executives said Europe would be challenging, but they would not estimate when GM would return to making money in the region.

Tesla Shares Rise On Model S Production Numbers

August 6, 2012 10:20 am | by The Associated Press | News | Comments

Shares of Tesla Motors Inc. rose Friday on investor optimism that the electric car company's supply problems are being resolved and the ramp up in production of its key new model is on schedule.

Eastman Kodak Loss Widens In 2Q

August 6, 2012 10:19 am | by The Associated Press | News | Comments

Eastman Kodak Co. said Friday its second-quarter loss widened as revenue fell while it reorganized under bankruptcy protection.

U.S. Industrial Manufacturers Remain Optimistic

August 6, 2012 8:23 am | by PwC | Articles | Comments

The majority of U.S. industrial manufacturers surveyed remain optimistic regarding prospects for the U.S. economy.

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Industrial Metals Fall On Sluggish Manufacturing

August 3, 2012 2:17 pm | by Sandy Shore, AP Business Writer | News | Comments

Prices for industrial metals have fallen after new reports showed sluggish manufacturing in the U.S. and China, adding to concerns about slowing growth in the world's two biggest economies.

U.S. Hiring Picks Up In July

August 3, 2012 2:12 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Employers added 163,000 jobs in July after three months of sluggish hiring, a pleasant surprise that could signal the U.S. economy may be resilient enough to shake off a midyear slump.

Toyota Raises Sales Plan As Quarterly Profit Zooms

August 3, 2012 2:09 pm | by Yuri Kageyama, AP Business Writer | News | Comments

Toyota raised its sales target for this year to a record 9.76 million vehicles and reported a strong recovery in quarterly profit Friday, underlining its bounce back from a disaster plagued 2011.

First Solar Shares Soar After Strong 2Q

August 3, 2012 10:26 am | by The Associated Press | News | Comments

First Solar shares have been rising since late Wednesday when the company reported an 82-percent surge in second-quarter profits.

China Southern Buys 40 Boeing 737s Worth $3.4B

August 3, 2012 10:20 am | by The Associated Press | News | Comments

China Southern Airlines says a subsidiary is buying 40 Boeing 737s worth $3.4 billion as part of its strategy to expand international routes.

Fiat Industrial 2Q Earnings Rise

August 2, 2012 1:49 pm | by Colleen Barry, AP Business Writer | News | Comments

The company, which was spun off last year from Fiat's car business, said net profit was $270M, up from last year, with the sales of agriculture equipment offsetting weaker truck and powertrain results.

U.S. Manufacturing Sector Shrank For Second Month

August 1, 2012 2:10 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. manufacturing shrank for the second straight month in July, further evidence of an economy growing at a sluggish pace.

Ford, GM Sales Lose Ground To Japan Rivals

August 1, 2012 2:07 pm | by Tom Krisher, AP Auto Writer | News | Comments

General Motors and Ford lost ground to Japanese automakers last month as their rivals made a strong comeback from last year's earthquake.

Survey: U.S. Economy Added 163K Jobs In July

August 1, 2012 10:35 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

A private survey shows U.S. businesses kept hiring at a modest pace in July, suggesting the job market could be improving after three sluggish months.

Harley-Davidson 2Q Profit Up On U.S. Demand

August 1, 2012 10:31 am | by The Associated Press | News | Comments

Harley-Davidson Inc. said Wednesday that its second-quarter net income jumped 30 percent, as demand for its motorcycles continued to grow both at home and abroad.

Fiat Earnings Slump Under Poor European Sales

July 31, 2012 2:06 pm | by The Associated Press | News | Comments

Italian carmaker Fiat reported Tuesday that second-quarter net income plummeted by 92 percent as a slump in European sales offset a profit at its U.S. carmaker Chrysler.

U.S. Consumer Spending Flat, Income Up 0.5 Percent

July 31, 2012 2:05 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

In June, consumers spent slightly more on services. But they cut back on autos and other long-lasting manufactured goods.

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