Latest Industrial equipment manufacturing News

GoPro to move production out of China over tariff concerns

Dec. 10, 2018 11:43 AM EST

SAN MATEO, Calif. (AP) — Action-camera maker GoPro says it will move production of U.S.-bound cameras out of China by the summer over tariff-related concerns. Companies have been voicing concerns over a looming trade war between China and the U.S. as both countries have been threatening tariffs against one...

US job openings in October rise to 2nd-highest on record

Dec. 10, 2018 11:17 AM EST

WASHINGTON (AP) — The number of open jobs rose in October to the second-highest on record, evidence that U.S. employers remain determined to hire despite ongoing trade disputes and rocky financial markets. The Labor Department said Monday that the number of job openings increased 1.7 percent to a...

Salaried workers beware: GM cuts are a warning for all

Dec. 1, 2018 12:22 PM EST

DETROIT (AP) — For generations, the career path for smart kids around Detroit was to get an engineering or business degree and get hired by an automaker or parts supplier. If you worked hard and didn't screw up, you had a job for life with enough money to raise a family, take vacations and buy a weekend...

Asian stocks mixed after wobbly trading on Wall Street

Nov. 27, 2018 10:18 PM EST

TOKYO (AP) — Asian shares were mixed Wednesday after a wobbly day of trading on Wall Street, and uncertainty loomed as investors looked toward the G-20 meeting of world leaders later in the week. KEEPING SCORE: Japan's benchmark Nikkei 225 rose 0.9 percent in morning trading to 22,140.95, while Australia's...

United Technologies is breaking into 3 independent companies

Nov. 27, 2018 12:06 AM EST

NEW YORK (AP) — United Technologies is breaking itself into three independent companies now that it has sealed its $23 billion acquisition of aviation electronics maker Rockwell Collins. The company's announcement Monday was the latest by a sprawling industrial conglomerate deciding it will be more...

United Technologies is breaking into 3 independent companies

Nov. 26, 2018 8:01 PM EST

NEW YORK (AP) — United Technologies is breaking itself into three independent companies now that it has sealed its $23 billion acquisition of aviation electronics maker Rockwell Collins. The company's announcement Monday was the latest by a sprawling industrial conglomerate deciding it will be more...

Explosion at Chinese factory kills 2, knocks down houses

Nov. 24, 2018 4:35 AM EST

BEIJING (AP) — An explosion at a factory in China's northeast killed two people and injured 57 others, the local government said Saturday. The blast Friday night at a factory that made industrial machinery knocked down 15 houses and damaged 355 others, the government of Dongfeng County in Jilin province...

New Tesla chairwoman's biggest challenge is controlling Musk

Nov. 8, 2018 5:18 PM EST

DETROIT (AP) — Australian telecommunications executive Robyn Denholm brings much-needed financial and auto industry expertise to her new role as Tesla's board chairwoman, but her biggest challenge is whether she can rein in a CEO with a proclivity for misbehavior. Denholm, who has been a Tesla board member...

Siemens delivers upbeat outlook despite profit drop

Nov. 8, 2018 4:31 AM EST

FRANKFURT, Germany (AP) — Industrial equipment and technology company Siemens says its net profit fell 46 percent in the most recent quarter due to expenses for severance and higher tax. Despite that retreat, the company, which makes trains, power turbines and factory automation, said Thursday that it had...

Merkel's ally forms coalition to govern in Bavaria

Nov. 2, 2018 3:55 PM EDT

FRANKFURT, Germany (AP) — Conservatives allied with German Chancellor Angela Merkel say they have reached a deal to form a coalition government in the state of Bavaria after losing their majority there in an election last month. The dpa news agency reported Friday that the Christian Social Union, the...