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Daily industrial news and top headlines for plant and maintenance managers

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.

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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.

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.

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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.

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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.

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.

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.

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.

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