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Daily News

General

Ford's October U.S. Sales Up, Chrysler's Down
Ford grew 3.1%, Chrysler down 30%

Cisco Buys China Cable Box Maker DVN
The Chinese cable market is reportedly the largest in the world with 160 million subscribers and is predicted to grow to as many as 200 million over the next three to five years.

Johnson & Johnson to Cut More than 7,000 Jobs Worldwide
The global restructuring is expected to generate up to $1.7 billion in annual savings when it is fully implemented in 2011.

Buffett's Berkshire to Buy Burlington Northern for $44 Billion
Says country's future prosperity depends on having an efficient and well-maintained rail system

Novartis to Invest R&D Funds in China
Will open a new global technical center

Toyota Recall Related to Floor Mats
Letter to customers cites no other vehicle defects

Indian Exports Fall 13.8% in September
December sales in U.S. and Europe could increase demand for goods from India

Recovery Boosts Profits at Chemicals Firm DSM
Sales in China rose 16%

MAG's Janka Appointed Chairman of AMT Board
Association of Manufacturing Technology (AMT) represents more than 400 American manufacturers of machine tools, manufacturing machinery and related products

Eurozone Manufacturing Expands -- First Time in 17 Months
France and Germany showed largest increase in new orders

U.S. Manufacturing Grows for Third Consecutive Month
ISM says manufacturing is in sustainable recovery mode

Ford Workers Agree to Cost-cutting Deal
Canadian plant will close, other concessions from union

October Credit Managers' Index Breaks Into Expansion Territory
Association says that with growth nearing manufacturers are gearing up by catching up

Majority of CFOs Don't Expect to Boost Sustainability Efforts Next Year
Some already have programs in place, others are holding back due to the economy

Suzuki, Daihatsu, Fuji Heavy Industries Lift Forecasts
Growth in India and China expected

Obama Warns of More U.S. Job Losses Ahead
Economists believe that unemployment will exceed 10% and remain high well into 2010.

SANYO Opens Plant in Oregon
Factory to produce 70MW of silicon ingots annually

Plastics Extruder Has Optimistic Outlook And New Name
Filtrona Extrusion is now Pexco

Union Rejects Ford Concessions Deal
The tentative agreement would have granted Ford key work rule changes, a six-year wage freeze for new hires and a no-strike clause through 2015.

Nokia Siemens to Cut Thousands of Jobs
Up to 5,800 jobs could be lost

Car Parts Manufacturer Faurecia to Buy EMCON
Hopes the merged operation will become the industry leader in clean exhaust technology

Ford Swings Into Profit in Q3
Company expects to be solidly profitable in 2011

IBM To Provide Employees With 100% Primary Health Care Coverage
Also introduced a new wellness incentive for employees to encourage changes in lifestyle

Alstom Pushes Carbon Capture Solution at U.S. Coal Plant
Unveils the world's largest carbon capture facility

DARPA Challenge Will Earn Winner $40,000
First person to locate 10 weather balloons takes home cash prize in competition marking the 40th anniversary of the Internet.

Navistar, JAC to Explore Diesel Engine Joint Venture in China
Companies would establish a research and design center in China for application engineering development, product design

Weyerhaeuser to Build New Processing Facility in Poland
The plant will be Weyerhaeuser's first cellulose fibers facility outside of North America.

Pennsylvania NanoMaterials Commercialization Center Announces New Energy Initiative
Will develop new products using advanced materials technologies

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Information Technology

Survey: Majority of Firms Prohibit Social Networking on the Job
Workers who want to share the latest news with Facebook friends and Twitter followers will need to wait until after hours or risk violating company policy, a new survey suggests.

Plex Systems Reports a Year of Operating at 100% Uptime
Plex Systems Inc., an Auburn Hills, Mich.-based provider of software-as-a-service (SaaS) ERP software for manufacturers, recently reported more than a year of no unscheduled downtime for users of Plex Online.

Patheon Signs Agreement with Zycus for Strategic Sourcing System
Patheon Inc., a global provider of drug development and manufacturing services to the international pharmaceutical industry, and Zycus, a provider of spend management software, recently announced they have signed an agreement for Patheon to deploy Zycus iSource software to accelerate ROI and standardize Patheon’s tendering processes.

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IW 50 News

Emerson Electric Co.: Avocent Deal to Build on IT Offerings
Company says acquisition will extend solutions it provides to data center customers

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