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Manufacturing areas lead surprise job comeback The Associated Press Share     The Associated Press Economic Stress Index, a monthly analysis of the economic state of more than 3,100 U.S. counties, found that manufacturing counties have outperformed the national average since March. The Stress Index calculates a score from 1 to 100 based on a county's unemployment, foreclosure and bankruptcy rates. The higher the number, the greater the county's level of economic stress. The top 100 manufacturing counties with populations of more than 25,000 saw their Stress score drop slightly over the spring and summer quarters, largely due to improvements in the unemployment rate. More
Auto industry shows a pulse at L.A. Auto Show MSNBC Share
In particularly stark contrast to the Tokyo Motor Show last month, the Los Angeles show possessed an unexpected but much-welcomed vitality, with introductions from car makers from a variety of nations showing products across the automotive spectrum. More Boeing signs second 747-8I customer Aviation Week Share
Korean Air has signed a $1.5 billion agreement with Boeing for up to five 747-8 Intercontinental aircraft, marking a key breakthrough in the region for the stretched variant of the 747, which until now had been sold only to Lufthansa. The memorandum of understanding covers deliveries between 2013 and 2015 and will complement the fleet of five 747-8Fs that Korean also has on order. More Extra downtime for six Chrysler plants The Globe and Mail Share
Chrysleris shutting its two Canadian assembly plants and four other North American assembly plants for extra downtime this month and in January after a dismal sales performance in November, in stark contrast to big production increases at Ford and General Motors. The shutdowns at Chrysler's Brampton and Windsor plants in Ontario include the three days before Christmas and the first two weeks of January. More
GM Europe chief still hoping for German assistance ABC News Share
Nick Reilly, who was named president of GM Europe after previously serving as president of GM International Operations, said in a conference call that Adam Opel GmbH was not going to be able to come up with the $4.97 billion it needs on its own. "There is a belief out there that GM has sufficient money in the U.S. that it can spend in Europe," Reilly said according to a transcript of the call provided by Opel. "That is not the case." More GM stabilizing despite leadership shuffle; Chrysler plan stalling out The Detroit Free Press Share
Nearly six months after exiting bankruptcy, Chrysler and General Motors present a clear, but puzzling, contrast. Chrysler has a charismatic, focused leader, Sergio Marchionne, who laid out an ambitious and detailed plan to recapture lost glory, profits and market share. But sales remain in free fall. GM Chairman Ed Whitacre jettisoned Chief Executive Officer Fritz Henderson and took his title on opening day of the Los Angeles Auto Show, dampening buzz around the 2011 Buick Regal and triggering new anxiety among employees who already have endured substantial turmoil. More ITC hears calls for Chinese steel penalties Breakbulk Industry News Share
Lawmakers from Ohio and Indiana want the International Trade Commission to impose penalties on Chinese companies allegedly dumping steel tubing on U.S. markets. Ohio steel mills in Lorain, Youngstown and Warren were forced to lay off workers this year after Chinese mills shipped large quantities of steel tubing used in oil and gas production. More Tata Steel revenues grow by 50 percent The Economic Times Share
After enjoying a near monopoly position in the Indian private steel space, Tata Steel now has stiff competition and it has been expanding fast. The company is raising its capacity to produce steel from seven million tons to 10 million tons by 2011. "Assuming the prices are at the same level, the revenues should grow by 50 percent post-expansion," a spokesman said. More Trimming the costs of wind power The New York Times Share
As governments, businesses and environmentalists from around the world gather for the United Nations climate change summit meeting in Copenhagen, one of the featured attractions will be the array of windmills just off Denmark's coast. But significant challenges remain before the industry can achieve its potential. Chief among those is cost. More |
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