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Daily industrial news and top headlines for plant and maintenance managers

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.

U.S. Factory Orders Increased In May

July 3, 2012 1:55 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Companies placed more orders with U.S. factories in May from April, demanding more computers, machinery, and other equipment that signal investment plans.

Boeing Expects Market For 34K New Planes

July 3, 2012 10:16 am | by Joshua Freed, AP Business Writer | News | Comments

Boeing is predicting that the world's airlines will buy 34,000 new airplanes over the next 20 years, driven by strong growth in China, India, and other emerging markets.

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U.S. Manufacturing Shrinks For First Time In 3 Years

July 2, 2012 2:14 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening.

Survey: Chinese Manufacturing Slowed In June

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

China's manufacturing grew in June by its slowest pace in seven months, a survey released Sunday showed, raising questions about Beijing's efforts to prevent the world's second biggest economy from slowing too quickly.

Survey Finds Japan Business Confidence Improves

July 2, 2012 9:57 am | by Eric Talmadge, Associated Press | News | Comments

Big manufacturers have more confidence in Japan's economy but remain pessimistic overall, a closely watched quarterly survey by the country's central bank showed Monday.

Tepid Economic Growth Weighs On U.S. Job Market

June 29, 2012 11:52 am | by Christopher S. Rugaber, Martin Crutsinger, AP Economics Writers | News | Comments

The U.S. economy is growing too slowly to pull the job market out of a slump, according to the latest data that suggest June has been another weak month for hiring.

Smith & Wesson's 4Q Profit Soars On Sales

June 29, 2012 11:50 am | by The Associated Press | News | Comments

Smith & Wesson Holding Corp. said its 4Q net income soared on strong sales, particularly of its polymer pistols and modern sporting rifles, and it gave forecasts that beat expectations.

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Japan's May Factory Output Down 3.1 Percent

June 29, 2012 11:47 am | by The Associated Press | News | Comments

Japan's factory output declined 3.1 percent in May from the previous month as the world's third biggest economy grapples with weaker European demand and an uneven recovery from last year's tsunami disaster.

Ford CFO Says International Losses Mounting

June 29, 2012 9:53 am | by The Associated Press | News | Comments

Ford Motor Co.'s shares fell in post-market trading after the company said its second-quarter profit fell due to mounting losses outside North America.

Schnitzer Steel 3Q Profit Falls On Higher Costs

June 28, 2012 2:34 pm | by The Associated Press | News | Comments

Schnitzer Steel Industries Inc. said Thursday that its fiscal third-quarter net income slid 66 percent as it deals with higher costs and lower selling prices in its metals recycling unit .

U.S. Economy Grew At Modest 1.9 Percent Rate

June 28, 2012 2:16 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy expanded at a 1.9 percent annual rate in the first three months of the year, a weak pace that few economists see changing much this year.

Oil Rises On better US Manufacturing, Housing Data

June 27, 2012 2:16 pm | by Sandy Shore, AP Business Writer | News | Comments

Factories received more orders in May for long-lasting manufactured goods such as heavy machinery, computers and communications equipment . . .

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U.S. Durable Goods Rose 1.1 Percent In May

June 27, 2012 9:41 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The Commerce Department said Wednesday that orders for durable goods rose 1.1 percent in May after two months of declines.

LDK Solar Posts 1Q Loss As Solar Prices Drop

June 26, 2012 2:00 pm | by The Associated Press | News | Comments

LDK Solar Co. on Tuesday posted a first-quarter loss of $185.2 million, reversing a year-ago profit, after booking charges related to a plunge in solar panel prices and new anti-dumping regulations in the U.S.

Samsung: Galaxy S III Sales To Hit 10M In July

June 25, 2012 2:13 pm | by Youkyung Lee, AP Technology Writer | News | Comments

The world's top mobile phone maker said it expects global sales of the latest Galaxy smartphone to surpass 10 million in July even as it struggles to keep up with demand because of component shortages.

Weak U.S. Job Market Weighs On Broader Economy

June 21, 2012 2:23 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The sluggish job market is weighing on the U.S. economy three years after the Great Recession ended and it doesn't look to be getting much better any time soon.

Fewer U.S. CEOs Plan To Hire, Boost Spending

June 20, 2012 2:22 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

A survey of chief executives shows fewer large U.S. companies plan to hire or boost spending in the next six months, reflecting a weaker U.S. economy.

Lexus Tops Auto Quality Study As Industry Improves

June 20, 2012 2:10 pm | by Tom Krisher, AP Auto Writer | News | Comments

Lexus makes the best-quality cars in the U.S., and automakers overall are much better at eliminating problems that land vehicles in the repair shop, according to a new survey of car owners.

U.S. Employers Post Fewest Jobs In 5 Months

June 19, 2012 2:25 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Employers in April posted the fewest job openings in five months, suggesting hiring will remain sluggish in the months ahead.

Fed Meets As Many Await Help For Economy

June 19, 2012 2:20 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The Federal Reserve is meeting this week at a time of high alert — over the slumping U.S. economy, the aftermath of the Greek elections, and the shaky financial markets.

Solar Shares Soar On Japanese Subsidy Announcement

June 19, 2012 10:16 am | by The Associated Press | News | Comments

Shares of solar equipment makers jumped Monday following the approval of subsidies in Japan that could make it one of the most attractive markets in the world.

Steel Companies Fall On Demand, Price Worries

June 18, 2012 2:02 pm | by The Associated Press | News | Comments

Shares of steel companies fell Monday as investors worried that demand could fall because of slower economic growth.

Greek Crisis Takes Its Toll On Industry

June 15, 2012 10:04 am | by Costas Kantouris, Associated Press | News | Comments

Industrial output in northern Greece has fallen by nearly 40 percent over the past two years, according to Nikos Petzos, head of the Federation of Industries of Northern Greece.

Hopeful Sign: Small Manufacturers Buy Big Machines

June 15, 2012 10:02 am | by Joyce M. Rosenberg, AP Business Writer | News | Comments

Small businesses that make machines and components for other manufacturers are experiencing an upswing that could be a sign of things to come for the broader economy.

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