IndustryWeek.com
Connecting Manufacturing's Leaders
IW Home Leadership & Strategy Operations Economics & Public Policy Technology & Innovation Rankings
Current Print Issue
Get a Free Subscription
eNewsletters
Daily News
Opinion
Forums/Blogs
Web Events
In Person Events
Research
Benchmarking Tools
Associations
Archive
Manufacturing 101
NAM/IW Mfg Index
Sponsored White Papers
Permissions/Reprints
Advertising Info
About IW
Contact Us
Related Knowledge IW RSS Feeds


Online Poll
Do you agree with NAM that the Lieberman-Warner climate change bill will double the price of natural gas and cause great harm to the manufacturing industry?




After you have voted, comment in the IW Forums.
Home : Daily News

Daily News

General

IT Gurus Launch Software Cleanup of Estonia
Project aims to recycle 80% of 10,000 tons of garbage in illegal dumps

Hynix to Take Stake in Taiwan's ProMOS
An enhanced strategic alliance

Sweden to End Pharmacy Monopoly
Country opens up market for both prescription and non-prescription drugs.

Manufacturing to See Marginal Growth Rest of 2008
Revenue is expected to increase 1%

Alcoa Board Elects Klaus Kleinfeld President and CEO
Alain Belda will continue as Chairman of the Board.

French Industrial Output Falls Sharply
Manufacturing ouput fell 1.5%

Brazil to Create $20 Billion Sovereign Fund
Brazil seeks a better use of its $200 billion foreign cash reserve

Toshiba to Form India Power Venture with JSW
Will manufacture turbines and generators for thermal power plants

Toyota Warns of First Profit Drop in Nine Years
Rising cost of steel and other raw materials, plus credit crunch weigh on profit

Vietnam Auto Sales Surge 181%
First four months of year sees large increase in commercial car purchases

Output at German Factories Dropped 0.5%
Exports fell 0.5% as well

U.S. Manufacturing Productivity Increased 4.1% in First Quarter
Business productivity increased 1.9%

Hyundai Motor, Microsoft Join to Develop New In-Vehicle Entertainment System
Will create an auto IT innovation center

Airbus Reviewing A380 Delivery Schedule
Told its largest customer, Dubai's Emirates, that there are new delays

Solar Technology Company Opens Large Plant in Germany
At 82,000 square feet the inverter manufacturing plant is world's largest

More From This Section...


Information Technology

Mid-Market Manufacturers Get Green Software
New document management solution

New Supply Chain Solution Brings Tighter Integration Between WMS and TMS
New RedPrairie solution also addresses quality and shipping concerns

More From This Section...


IW 50 News

Harley-Davidson Inc.: An 'Excruciating' First Quarter
Company cuts workforce to cope with declining sales.

More From This Section...




Market Report

North America: (Close, 05-08-08)
DJIA, U.S.12,866.78 +52.43
NASDAQ U.S.2,451.24 +52.43
S&P 500, U.S.1,397.68 +5.11
Toronto 300, Canada14,607.99 +236.46
Europe: (1:10 p.m. GMT, 05-09-08)
FTSE-100, UK6,196.80 -74.00
DAX, Germany 6,984.82 -87.08
Asia: (Close, 05-09-08)
Nikkei225, Japan13,655.34 -287.92
Hang Seng, Hong Kong25,063.17 -386.62
Sensex, Mumbai16,737.07 -343.58

Commodities Update

NYMEXFuture Date 05-08-08, SettleChange
Gold June 08 882.10 $/oz +11.10
Silver July 08 16.87 $/oz +0.16
Copper July 08 3.79 $/lb -0.04
Crude Oil June 08123.69 $/bbl +0.16
Gasoline June 08 3.14 $/gallon +0.02
Heating Oil June 08 3.51 $/gallon +0.06
Natural Gas June 08 11.26 $/MMBtu -0.07

Foreign Exchange

Euro Rallies Against Dollar:
(AFP) In London, the euro rebounded against the dollar on May 9 as the market focused on the interest rate outlook for the U.S. and eurozone, traders said. The euro changed hands at 1.5474 dollars against US$1.5393 late on May 8, at 159.52 yen (159.62), 0.7919 pounds (0.7875) and 1.6134 Swiss francs (1.6182). The dollar stood at 103.13 yen (103.68) and 1.0436 Swiss francs (1.0512). The pound was at 1.9535 dollars (1.9543).

Corporate Moves

Alcoa Board Elects Klaus Kleinfeld President and CEO:
Alcoa's Board of Directors has elected Klaus Kleinfeld, 50, President and Chief Executive Officer of the company. He succeeds Alain Belda, 64, as CEO. Mr. Belda will continue as Chairman of the Board. Kleinfeld was named President and Chief Operating Officer of Alcoa in August 2007. Prior to joining Alcoa, Kleinfeld served most recently as President and Chief Executive Officer of Siemens AG. In just two years as Chief Executive Officer of Siemens AG, Kleinfeld presided over a dramatic transformation of the global electronics and industrial conglomerate. He reshaped the company’s portfolio around three high growth areas, revenues increased by more than $16 billion in 2006 alone, operating groups met ambitious profitability targets, and the company’s market capitalization almost doubled.

 

Global Economy

Foreign Investment in Latin America Surges over $100 Billion:
(AFP) With its hot natural resources markets and expanding infrastructure, foreign direct investment in Latin America topped $100 billion for the first time in 2007, a UN agency said May 8. The Economic Commission for Latin America and the Caribbean said the figure, which had reached a record $89 billion in 1999, soared to a new high of $106 billion in 2007. Foreign direct investment in the region rose 46% from 2006 to 2007. Countries drawing the greatest volume of investment were Brazil with $34.58 billion Mexico ($23.23 billion), Chile ($14.46 billion) and Colombia ($9.03 billion).

,





Site Tools
Send to a friend
Forums
eNewsletters Get a free subscription


IW Marketplace

Lean Manufacturing: Self Assessment Checklist
Lean Manufacturing 16 page self audit checklist by R. Michael Donovan will help you assess "how does your company measure up?". It will help jumpstart a new or reinvigorate a current lean effort.

Managing MRO & Tools with RFID -- A 6 Month ROI
The average ROI that is reported from CribMaster RFID users is 6 months or less. With CribMaster you gain control of indirect material of all kinds with robust software, vending or RFID.

Harley-Davidson's System of Success: Free Video
Learn the leadership strategies and manufacturing practices that have made Harley-Davidson an institution of American manufacturing. Watch this free video of Harley-Davidson President & COO James McCaslin.

Cut Your Costs and Reap More Profits
Enhance your operations, reduce waste, and streamline your activities by learning from the best. Using IW's Best Plants Benchmarking Database, find out how top plants have achieved their success.

The Next Evolution in Supply-Chain Technology
Learn how ARIA (Adaptive Recognition and Information Assurance) based technologies and solutions significantly improve the flexibility, visibility and adaptability of your supply-chain processes via converged technologies.

IW Marketplace

Leadership & Strategy | Operations | Economics & Public Policy
Technology & Innovation | Rankings

Subscription Services | Advertising | Terms of Use | Privacy Notice | Contact Us

Penton Media
Copyright© 1998-2008 Penton Media, Inc. All rights reserved.

Technical questions or bug reports? E-mail webmaster@industryweek.com

Site Tools
type size:
Send to a friend
Forums
eNewsletters
Get a free subscription