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Daily industrial news and top headlines for plant and maintenance managers

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.

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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.

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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.

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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.

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 . . .

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.

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