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Daily industrial news and top headlines for plant and maintenance managers

MAPI: Index Slips As Individual Components Mirror Economic Uncertainty

July 17, 2012 8:17 am | by MAPI | Articles | Comments

The results of the quarterly MAPI Survey on the Business Outlook point to a period of deceleration for manufacturing, a strong pillar in the U.S. economic recovery.

United Airlines Orders 150 Boeing 737s

July 13, 2012 1:45 pm | by Joshua Freed, AP Airlines Writer | News | Comments

United Airlines ordered 150 Boeing 737s on Thursday, a big win for the jet-maker and a clear sign that the world's largest airline is shifting increasingly toward Boeing planes.

With Slower Growth, China Can't Play Economic Hero

July 13, 2012 1:43 pm | by Joe McDonald, AP Business Writer | News | Comments

China's economic growth fell to a three-year low, and a potential recovery later this year will probably be too weak to pull the world out of its slump.

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Seasonal Adjustments To Economic Data Can Mislead

July 13, 2012 1:41 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The distortion of the seasonal adjustments is likely to ease by early next month. But it means that one of the most closely watched barometers of the job market may not provide an accurate reading for perhaps three more weeks.

Ford Says Europe Sales Off 10 Percent In 1st Half

July 13, 2012 1:38 pm | by Tom Krisher, AP Auto Writer | News | Comments

The slowing economy dragged down Ford Motor Co.'s European sales during the first half of the year, with the company predicting that the region's overall sales would drop to the lowest level since 1994.

Industrial Production Increases In Euro Area

July 13, 2012 1:35 pm | by The Associated Press | News | Comments

Industrial production in the European Union, an important predictor of future economic growth, rose in May but was still significantly lower than it was a year earlier, the region's statistics agency announced.

U.S. Wholesale Prices Rise 0.1 Percent In June

July 13, 2012 9:55 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. wholesale prices rose only slightly last month, as higher costs for food and pickup trucks offset another drop in energy prices. But overall inflation stayed mild.

Boeing Claws Back Ground Lost To Airbus

July 12, 2012 2:19 pm | by Pan Pylas, Associated Press | News | Comments

Boeing beat Airbus in the aircraft order stakes at this year's Farnborough Airshow, booking potential deals worth more than double the size of its European archrival.

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Airbus Secures $2.3B Order At Farnborough

July 11, 2012 2:18 pm | by Pan Pylas, Associated Press | News | Comments

Airbus has scooped up the only firm order so far on the third day of the Farnborough Airshow, in a further sign that airlines are concerned about the global economic outlook.

China's Car Sales Rise 9 Percent In June

July 11, 2012 2:16 pm | by The Associated Press | News | Comments

June sales were driven by price cuts and concern about restrictions imposed by some cities on registrations to control traffic congestion, said an industry analyst.

U.S. Wholesale Stockpiles Grew In May, Sales Fell

July 11, 2012 2:09 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Sales at the wholesale level dropped by the largest amount in three years, a troubling sign for future growth.

Mitsubishi's Electric Car To Sell For Under $30K

July 11, 2012 2:07 pm | by Ann M. Job, For The Associated Press | News | Comments

At just under $30,000 base retail price, the 2012 Mitsubishi i-MiEV is the most affordable all-electric car in the U.S. market.

U.S. Trade Deficit Fell To $48.7B In May

July 11, 2012 10:13 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit narrowed in May from April, helped by cheaper oil that lowered imports and an increase in American exports to Europe and China.

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Apple To Start Selling iPad In China

July 10, 2012 1:56 pm | by The Associated Press | News | Comments

Apple will start selling the iPad in China on July 20 after paying $60M to settle a dispute over the ownership of the tablet computer's name.

Alcoa Slides To 2Q Loss, But Backs Growth Forecast

July 10, 2012 10:17 am | by Sandy Shore, AP Business Writer | News | Comments

Alcoa backed its forecast for a 7 percent increase in global demand this year and predicted a coming aluminum shortage.

China's Trade Growth Weakens Amid Economic Slump

July 10, 2012 10:15 am | by Joe McDonald, AP Business Writer | News | Comments

China's trade growth plunged in June, hurt by weak U.S. and European demand and a Chinese slowdown, with a potential impact on economies as far-flung as Africa and Australia.

Boeing Lands Big At Airshow With $7.2B Deal

July 9, 2012 2:18 pm | by Pan Pylas, Associated Press | News | Comments

Boeing Co. clinched the first big deal of this year's Farnborough Airshow on Monday with a firm order from Air Lease Corp. for 75 of its redesigned 737 aircraft worth $7.2 billion.

Boeing Hopes For Year Of The Max At Air Show

July 9, 2012 10:22 am | by Joshua Freed, AP Business Writer | News | Comments

For 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 | Comments

Audi, 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 | Comments

While 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 | Comments

Those 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 | Comments

Toyota 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 | Comments

U.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 | Comments

The 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.

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