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Source: More GM Production Cuts Coming

2008-10-10 18:27:00.0

Manufacturing.net

Automaker likely to announce production cuts and possible plant closures next week as it deals with slumping sales and a collapse in its stock price, an AP source said. ...read more

Arch Chemicals Buys Advantis Tech Unit

2008-10-10 16:30:00.0

Manufacturing.net

Chemical company said Friday it completed its acquisition of Advantis Technologies’ water treatment chemicals business for about $124 million. ...read more

Stock Selling Stampede Continues

2008-10-10 16:30:00.0

Manufacturing.net

Markets plummeted still lower on Friday as the globe's industrial powers urgently debated even more forceful actions to prevent a worldwide economic catastrophe. ...read more

Meridian Yachts To Shut Down

2008-10-10 16:20:00.0

Manufacturing.net

Subsidiary of Brunswick Corp. will shut down its Arlington, Wash., boat building operation within 60 days and lay off nearly all its 830 employees. ...read more

'Vultures' Circle Wall Street

2008-10-10 16:12:00.0

Manufacturing.net

Some investors have raised tens of billions of dollars over the past year in anticipation of opportunities to scavenge distressed assets and debt at discounted prices. ...read more

Stock Losses Continue For 8th Day

2008-10-10 15:49:00.0

Manufacturing.net

Wall Street extended its devastating decline Friday as investors sold frantically and propelled the Dow Jones industrials to their eighth straight day of losses and worst week ever. ...read more

Autoworkers Protest At Paris Auto Show

2008-10-10 15:35:00.0

Manufacturing.net

Hundreds of angry Renault workers and others protested Friday to register their discontent about expected job cuts at the French automaker and restructuring in the industry. ...read more

Ford Not Worried About Running Out Of Money

2008-10-10 15:26:00.0

Manufacturing.net

CEO Alan Mulally says Ford is focused on managing its cash and putting its restructuring plans in place as it tries to weather the credit crisis and stock market decline. ...read more

Economic Slide Boosts Sales Of Safes

2008-10-10 15:22:00.0

Manufacturing.net

Metal vaults are so popular in some parts of the country that shoppers are depleting store supplies as worries about the nation's economy spread. ...read more

Oregon Company Fined For Illegal Tractor Imports

2008-10-10 15:20:00.0

Manufacturing.net

Prosecutors say Lenar Equipment illegally imported tractors from China; company is believed to be the first prosecuted criminally for violating a new Clean Air Act regulation. ...read more