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Honda To Build Manufacturing Center For Asia In Thailand
AHN
Japanese carmaker Honda Motor said on Tuesday it will build a $32.7 million spare parts manufacturing center for Asia to meet the growing demand for spare body parts in the region. Asian Honda Motor, the Bangkok-based regional headquarters of the company said the target for the completion of the...
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Pioneer To Build Plasma TV Plant In Yamanashi Prefecture
AHN
Pioneer Corporations wants its share in the plasma TV market to significantly increase next year as it unveiled on Sunday a plan to construct a new plasma television manufacturing plant in Yamashani Prefecture. Reportedly, the company hopes to have the new plant operational during the next fiscal...
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Emerson earnings rise 35 percent
YAHOO
Reuters - Diversified manufacturer Emerson
Electric Co. on Tuesday reported higher quarterly
earnings on strong industrial demand and improved profit
margins at four of its five divisions.
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Rise In Innovation Offshoring Worries America
AHN
While manufacturing and low-level service jobs in the US are increasingly being moved offshore, it is widely assumed that research and development (R&D) jobs are not. However, Asia's rise as an important location for outsourcing has begun to challenge these ideas....
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Manufacturing execs less confident on economy: poll
YAHOO
Reuters - U.S. manufacturing executives have
become somewhat less confident about the domestic and world
economies, as high energy prices and rising interest rates take
a toll on business, according to a study released on Thursday.
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Flextronics profits rise, above its forecast
YAHOO
Reuters - Flextronics International Ltd.
, the No. 1 contract electronics manufacturer, on
Tuesday reported quarterly results above its forecast, driven
by growth in its core manufacturing business.
Sources: YAHOO
Industrial production up 0.8 percent
YAHOO
AP - Industrial production rose significantly in June, reflecting advances in manufacturing, mining and auto production.
Sources: YAHOO
Suzuki's Indian Plant Will Build Compact Car For Nissan
AHN
Suzuki Motor Corp. announces it has reached a deal to build a new compact car in India for Nissan Motor Co. The two Japanese auto makers agreed last month to increase efficiency by building cars for each other and sharing manufacturing facilities worldwide. Suzuki plans to build a car for Nissan...
Sources: AHN
Factory output slows, construction spending dips
YAHOO
Reuters - U.S. manufacturing growth slowed in
June and construction spending in May unexpectedly staged its
biggest drop since September 2004, data showed on Monday,
adding to signs the economy is cooling.
Sources: YAHOO
Manufacturing sector growth slows in June
YAHOO
Reuters - U.S. manufacturing growth slowed in
June, as the pace of employment weakened and new orders rose,
according to a survey published on Monday.
Sources: YAHOO
Stock futures advance; General Motors eyed
YAHOO
Reuters - U.S. stock futures pointed to a higher
market open on Monday, as investors awaited June data on
manufacturing but volumes are set to be low with trading ending
early before Tuesday's Independence Day holiday.
Sources: YAHOO
Danish Toy Maker To Cut Over 1,000 Jobs In 3 Years
AHN
Lego, a Danish toy maker on Tuesday announced its plan to cut jobs as an initiative of its cost saving efforts. The company said that it would cut up to 900 of 1,200 jobs at Lego's Danish production facilities by outsourcing most of its production to U.S. manufacturing services giant Flextronics...
Sources: AHN
Rate futures show increased chance of June Fed hike
YAHOO
Reuters - U.S. interest rate futures showed an
increased chance of a 50 basis-points June rate hike on
Thursday after a stronger-than-expect
Sources: YAHOO
N.Y. Fed manufacturing index rises sharply
YAHOO
Reuters - Manufacturing activity in New York
State factories rose in June to the highest level since March,
with a steep rise in the prices paid component -- a sign of
inflation pressures -- the New York Federal Reserve said on
Thursday.
Sources: YAHOO
GM to invest $48 million in Indiana facility
YAHOO
Reuters - General Motors Corp. on Monday
said it will invest $48 million in a foundry in Bedford,
Indiana, to build transmission cases and converter housings for
its fuel-saving six-speed transmissions.
Sources: YAHOO
Home building, manufacturing index dip
YAHOO
AP - The U.S. economy appears to be shifting into a lower gear with residential construction falling sharply and manufacturing activity slowing. The big question: Will the slowdown come in time to keep inflation from heating up?
Sources: YAHOO
Schering-Plough to cut 1,100 manufacturing jobs
YAHOO
Reuters - Drug maker Schering-Plough Corp.
said on Thursday that it will cut about 1,100 jobs at its
manufacturing facilities in Puerto Rico and New Jersey as it
phases out or streamlines its operations.
Sources: YAHOO
Wall Street seen weaker before crucial data
YAHOO
Reuters - Wall Street headed for a weaker start on
Thursday as investors braced for a closely watched
manufacturing report that could play a key role in determining
whether the Federal Reserve will raise interest rates further.
Sources: YAHOO
"Made in India" phones set to tap global markets
YAHOO
Reuters - India, already the world's fastest
growing wireless services market, is set to become a handset
manufacturing and export hub as giants such as Nokia and LG
churn out millions of phones to tap voracious demand.
Sources: YAHOO
Chartered slated to ship chips for AMD from July: source
YAHOO
Reuters - Contract chip maker Chartered
Semiconductor Manufacturing Ltd. started making microprocessor
chips for Advanced Micro Devices Inc. this month and will begin
shipments as early as July, an industry source told Reuters.
Sources: YAHOO
Manufacturers make slow, small moves on deal front
YAHOO
Reuters - These are good times for diversified
U.S. manufacturers. So why aren't they doing more big mergers
and acquisitions?
Sources: YAHOO
Makers count on advent of Chinese leisure class
YAHOO
Reuters - When U.S. manufacturing executives
talk about China, they typically emphasize the country's
industrious work force.
Sources: YAHOO
N.Y. Fed manufacturing index falls in May
YAHOO
Reuters - Manufacturing activity in New York
State factories fell in May to the lowest level in 11 months,
with an increase in prices paid, the New York Federal Reserve
said on Monday.
Sources: YAHOO
March factory orders up 4.2 percent
YAHOO
Reuters - New orders at U.S. factories rose a
stronger-than-expect
Sources: YAHOO
Manufacturing index rises in April
YAHOO
Reuters - U.S. manufacturing activity powered
ahead in April despite soaring energy and metals costs and
employment in the sector showed signs of improvement, according
to an industry report published Monday.
Sources: YAHOO
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