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Payrolls probably fell,
factories sped up: U.S. economy preview
Bloomberg Share    
Employers in the U.S. kept cutting jobs in October and manufacturing picked up, pointing to an uneven economic
recovery that will take time to encourage hiring, economists said before reports this week. Rising joblessness and waning government assistance raise the risk that consumer spending will slip again, holding back the expansion. MORE
Chrysler offers buyouts to 23,000
The Detroit News
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Chrysler Group LLC is again offering factory workers buyouts or early
retirement as the automaker continues to restructure to cut costs. Chrysler confirmed that the offers went out this week to 23,000 workers. Terms vary by plant but largely mirror offers made earlier this year during Chrysler's bankruptcy.
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UAW accepts defeat of plan to alter Ford deal
The Detroit Free Press
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Even with a few UAW locals left to vote, UAW officials have concluded that there is no way that a proposal to modify its labor contract with Ford Motor Co. can pass. Two of the UAW's largest units, which represent an assembly plant in Dearborn and two in Louisville, Ky., followed the lead set by other locals by soundly defeating the proposal that Ford said it needed to be competitive long term with its domestic
rivals, General Motors Co. and Chrysler Group LLC.
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Innovative Rack and Gear Company has added a Saikuni HR-2000 CNC rack milling machine to our gear rack manufacturing capabilities.
The HR-2000 is capable of hard-milling rack teeth after heat treatment with hardnesses up to 60 Rc, producing tooth finishes and accuracies comparable to rack
grinding. MORE
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Big Trucks for Big China
Fleet Owner's Trucks at Work Blog
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Though hours of service (HOS) reform is bound to be the hot topic around water coolers across the U.S. trucking industry in the weeks and months ahead, another trend is happening up that could lead to even bigger changes and on a global scale for the trucking business – the movement of U.S.-European-Japanese level truck technology into burgeoning foreign markets such as Russia, India...and China.
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Hummer CEO: Confident in sales
CCTV.com
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The buyout of GM's Hummer Brand by China's Sichuan Tengzhong Heavy Industrial Machinery Company puts China on the global car-making stage. Hummer's CEO, James Taylor, has called the purchase 'a good deal' for the Chinese company. Taylor was speaking to CCTV after returning from talks in Chengdu, capital city of
Southwest China's Sichuan Province.
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South Carolina hopes 787 is just the start
Aviation Week
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Boeing's new 787 assembly facility in North
Charleston, S.C., will employ only a fraction of the company's workforce, but the southern state's anti-union climate could make it an attractive location for future Boeing projects. Boeing announced that it will build a second 787 line at a fuselage facility it purchased this summer in North Charleston, passing over its current widebody plant in Everett, Wash.
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Tempers flare over Chinese involvement in Texas wind farm
The New York Times
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News last week of the first major influx of Chinese capital and wind turbine manufacturing expertise into the renewable energy market in the United States - a 600-megawatt wind farm planned for the plains of west Texas - had many in a state of agitation. One group's calculations last
week put the number of American jobs created at a little more than 300 - most of them temporary construction jobs, along with about 30 permanent positions once the wind farm is operating. A project associate told The Wall Street Journal that more than 2,000 Chinese jobs would be created by the deal.
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U.S. Steel and AK Steel beat expectations
The New York Times
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Steel makers reported better-than-expected third-quarter results, but their shares fell as they restated
disappointing short-term views for the industry and the economy. The United States Steel Corporation posted a smaller third-quarter loss than Wall Street had expected, and AK Steel reported a profit.
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X-R-I Testing provides nondestructive testing services from full-service locations in Troy, Michigan and Cleveland, Ohio, including traditional and digital
radiography, magnetic particle inspection, liquid penetrant inspection, ultrasonic inspection, ultrasonic immersion cleaning, vapor de-greasing, de-scaling, passivation, etching prior to penetrant inspection, macro etch and temper (nital) inspection. NADCAP, ISO 9002 and AS9100 accredited. MORE
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