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Daily industrial news and top headlines for plant and maintenance managers

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.

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.

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.

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