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Daily industrial news and top headlines for plant and maintenance managers

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.

Chinese Leaders Call For Efforts To Boost Demand

July 31, 2012 2:03 pm | by Joe McDonald, AP Business Writer | News | Comments

China's top leaders warned Tuesday that economic growth could slow further and called for more efforts to boost weak domestic demand.

U.S. Steel 2Q Net Income Cut In Half

July 31, 2012 10:27 am | by The Associated Press | News | Comments

United States Steel Corp. said Tuesday its second-quarter net income fell by more than half as slower global economic growth hurt demand in a number of its core markets.


Chrysler Group 2Q Income Reaches $436M

July 30, 2012 2:24 pm | by Chrysler Group | News | Comments

Unlike other U.S.-based automakers, Chrysler is benefiting from its reliance on the United States car market.

Recession Not As 'Great' As Previously Thought

July 27, 2012 12:25 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Here's a small consolation: The Great Recession wasn't quite as horrendous as previously thought.

Reliance Steel 2Q Profit Rises, Boosts Dividend

July 27, 2012 12:22 pm | by The Associated Press | News | Comments

Reliance Steel & Aluminum Co. said its second-quarter profit rose 10 percent, but it cited the weak economy and difficulty in raising prices while giving a disappointing earnings forecast for the third quarter.

Precision Castparts Quarterly Profit Up 19 Percent

July 27, 2012 12:19 pm | by The Associated Press | News | Comments

Precision Castparts reported a 19 percent increase in first-quarter net income but warned of "major headwinds" including an unplanned shutdown of its 29,000-ton forging press in Houston.

U.S. Jobless Claims Drop By 35,000 To 353,000

July 27, 2012 10:37 am | by Paul Wiseman, AP Economics Writer | News | Comments

The number of Americans applying for unemployment benefits dropped by 35,000 last week, a figure that may have been distorted by seasonal factors.


Weaker Demand Pressures Dow Chemical 2Q

July 27, 2012 10:29 am | by The Associated Press | News | Comments

Dow Chemical Co.'s second-quarter net income fell 34 percent as weaker demand led to lower prices. Softness in Europe and a stronger dollar also weighed on results. The biggest U.S. chemical maker expects to accelerate cost-cutting efforts.

Hyundai Logs Record Profit On Overseas Sales

July 26, 2012 12:10 pm | by Youkyung Lee, AP Business Writer | News | Comments

Hyundai Motor Co. posted a record quarterly profit as new models perked sales in overseas markets despite slowing economic growth.

Boeing 2Q Net Income Up, Raises Outlook

July 26, 2012 12:06 pm | by Samantha Bomkamp, AP Airlines Writer | News | Comments

Boeing Co. posted a surprise improvement in second-quarter net income Wednesday as demand for passenger jets thrived and its defense business held its own.

U.S. Durable Goods Orders Fall Outside Aircraft

July 26, 2012 12:04 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The decline for long-lasting U.S. factory goods orders, outside volatile aircraft and other transportation equipment, suggests businesses are losing confidence in the economy.

European Losses Hurt Ford's 2Q Profit

July 25, 2012 1:43 pm | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Plummeting sales in Europe — and no hope for a quick fix in the troubled region — hurt Ford's second-quarter profit and forced the company to lower its full-year earnings forecast.

Apple Sags As Consumers Buy Cheaper iPhones

July 25, 2012 1:42 pm | by Peter Svensson, AP Technology Writer | News | Comments

More consumers are buying the least expensive iPhones and iPads, a new phenomenon that is causing Apple's breakneck growth rate to slow.

Toyota Takes First-Half Global Sales Lead From GM

July 25, 2012 10:33 am | by Tom Krisher, Yuri Kageyama, AP Business Writers | News | Comments

Toyota bounced back from safety recalls and natural disasters, selling 4.97 million vehicles globally in the first half of the year to retake its crown as the world's top automaker from General Motors Co.

Peugeot Citroen In H1 Loss As Europe Hits Business

July 25, 2012 10:28 am | by Sarah DiLorenzo, AP Business Writer | News | Comments

Europe's economic crisis pushed carmaker PSA Peugeot Citroen into a first-half loss of $990M, just as the company is set to clash with the French government over its restructuring plan.

Oil Prices Steady On Stronger Chinese Factory Data

July 25, 2012 10:27 am | by Chris Kahn, AP Energy Writer | News | Comments

The price of oil is up slightly on signs that China's manufacturing is getting stronger.

Altera Stock Up After 2Q Results Beat Estimates

July 25, 2012 10:26 am | by The Associated Press | News | Comments

Chip maker Altera Corp. said Tuesday that its second-quarter net income fell 24 percent as revenue declined, but the results beat Wall Street's expectations and shares jumped in after-hours trading.

CAT June Sales Rise 11 Percent

July 24, 2012 2:16 pm | by The Associated Press | News | Comments

Caterpillar Inc. said Tuesday that its global sales rose 11 percent in June, boosted by higher North American demand that offset flat sales in Europe, Africa and the Middle East.

AK Steel Posts 2Q Loss On Sales Drop, Hefty Charge

July 24, 2012 2:11 pm | by The Associated Press | News | Comments

AK Steel Holding Corp. posted a second-quarter loss on Tuesday as sales fell 14 percent and the steel maker recorded a hefty charge related to taxes.

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