News Archive

Manufacturing news

March 2005

DaimlerChrysler recalls over 1 million cars

US/German auto maker DaimlerChrysler has announced a major recall of 1.3 million Mercedes automobiles.
31 Mar 2005 20:27

Riviana Foods CEO says adios

Riviana Foods announced today that Joseph A. Hafner Jr., its president and chief executive officer since 1984, has elected to retire, effective immediately, and will assume a new role as non- executive chairman of Riviana's Board.
31 Mar 2005 22:48

GM/Energy Dept. to debut fuel cell cars

Fuel cell-powered cars are coming to a major city near you thanks to a joint agreement signed by General Motors Corp. and the US Energy Department.
30 Mar 2005 17:27

Sirna CFO Schmeig signs off

Biotechnology company Sirna Therapeutics today announced that Martin E. Schmieg, its senior vice president and chief financial officer, has resigned his position, effective April 22.
30 Mar 2005 22:59

ASI to connect Saudi Airlines

ASI Entertainment Inc. has announced a signed contract to supply Saudi Arabian Airlines with in-flight e-mail and Internet.
29 Mar 2005 17:24

Steelcase to close door on some factories

In an effort to reduce costs and to streamline operations Steelcase Inc. has announced plans to close several manufacturing facilities in the Grand Rapids, MI, area.
28 Mar 2005 17:57

Changing of guard at Japanese electronics maker’s US unit

Japanese-owned NEC Electronics America today announced the appointment of Yuichi Kawakami as its new president and chief executive officer, as of April 1.
25 Mar 2005 17:23

Gillette rededicates flagship facility

The Gillette Company has rededicated their Boston facility and laid plans for company and local investment.
25 Mar 2005 17:39

Durable goods orders take a dent

The Commerce Department reports that orders for US-made durable goods increased a disappointing 0.3 percent in February.
24 Mar 2005 16:16

BAE to give Navy early warning

BAE Systems recently landed a $4 million contract to provide the US Navy with early warning radar components for its aircraft.
23 Mar 2005 15:40

Bosch rolls out new division president

Auto parts giant Bosch has announced the appointment of Ronaldo Reimer as president of its North and South American Chassis Division and executive vice president of its global Chassis Systems business.
23 Mar 2005 19:47

Swan song for Byrd Amendment?

A law allowing manufacturers to benefit from the redistribution of special duties collected on foreign imports could soon be repealed.
23 Mar 2005 19:19

Oracle sees future with Retek

Business software makers Oracle and Retek announced that they have signed an agreement under which Oracle will acquire Retek for approximately $670 million.
22 Mar 2005 18:22

Former governor to replace Kerik at Taser

Taser International, a maker of advanced non-lethal weapons, today announced the appointment of former Montana Governor Judy Martz to replace Bernard Kerik, who is resigning from the board to focus on his consulting business.
21 Mar 2005 17:46

GM to slash white collar jobs

Recently beleaguered General Motors Corp. has announced plans to cut nonunion employees from the payroll.
21 Mar 2005 19:48

GM switches gears in Strasbourg

General Motors announced plans to invest 160 million euros in a Strasbourg, France six-speed transmission plant.
18 Mar 2005 21:14

Oracle CFO ends eight-month tenure

Business software company Oracle announced that Harry You, Oracle's chief financial officer, has resigned from his position, after only eight months, to become the chief executive officer of BearingPoint, a 16,000 person consultancy and outsourcing firm.
18 Mar 2005 16:45

Ohio Congressman chosen as new trade representative

President George W. Bush announced his choice of US Representative Rob Portman (R-OH) to be the next US trade representative, to replace Robert Zoellick, who is leaving to become US Secretary of State Condoleezza Rice’s deputy.
17 Mar 2005 20:09

Spectrum secures government contracts

Spectrum Sciences & Software Holdings Corp. has been awarded $600,000 in contracts to be delivered over the next six months.
17 Mar 2005 16:29

Deficit smashes record—again

The US international trade deficit in 2004 climbed to $665.9 billion, the highest figure ever, according to figures released today by the US Bureau of Economic Analysis.
16 Mar 2005 17:44

Semiconductor industry leadership up for grabs?

According to the Semiconductor Industry Association, US leadership in this industry is in jeopardy as technology transitions to nano-technology semiconductors.
16 Mar 2005 15:40

Big bonus for Ford CEO, chair

Chairman and CEO Bill Ford, the great-grandson of founder Henry Ford, has landed a bonus totaling $18 million made up of stock grants and options.
15 Mar 2005 16:24

Not so foreign cars

Sales of vehicles manufactured in the United States by internationally owned automakers have quadrupled over the past 20 years.
15 Mar 2005 16:02

Resignation smooth as Silk

Dean Foods announced that Steve Demos has resigned his position as president of the company's WhiteWave Foods division, the maker of Silk soymilk, to pursue other interests.
15 Mar 2005 16:29

Big Blue’s billion-dollar buy

IBM today announced an agreement for it to acquire data management software company Ascential Software in an all-cash transaction of approximately $1.1 billion.
14 Mar 2005 17:06

GoJet goes with Bombardier

GoJet Airlines has placed an order for 10 of Bombardier Aircraft’s CRJ7000 regional jets.
14 Mar 2005 15:08

End of an era for Ford T-bird . . . again

Ford has announced the 2005 model year T-bird will be the last in this iconic line of road prowlers.
11 Mar 2005 17:01

Trade deficit looms large

January’s figures indicate the US trade deficit reached its second-highest level in history according to the US Commerce Department.
11 Mar 2005 16:01

Harris tunes in $75 million US Marines contract

Harris, a supplier of tactical radios for defense forces worldwide, has been awarded an indefinite delivery, indefinite quantity (IDIQ) contract, with a maximum value of $75 million, to supply the US Marine Corps with radios, spares and training.
10 Mar 2005 21:16

Unemployment filings on the rise again

First-time unemployment filings increased by 17,000, to a total of 327,000, for the week ending March 5, the US Department of Labor reported today.
10 Mar 2005 17:49

Merger has chemistry

Chemical companies Crompton Corp. and Great Lakes Chemical Corp. announce merger plans.
09 Mar 2005 16:49

Saab's spinout

Peter Augustsson, the chief executive of Saab Automobile since 2000, has decided to leave his position at Saab and General Motors.
09 Mar 2005 16:05

State aids manufacturers via Web

New Hampshire Governor John Lynch has announced the launch of a Web site to help the state’s manufacturers.
09 Mar 2005 20:18

Dynex Technologies discovers new president

Dynex Technologies, a manufacturer of products for the drug-discovery, biomedical research, and clinical-diagnostic markets, announced today that Henry O'Connell has been named president, effective immediately.
08 Mar 2005 22:07

Goodyear-Airbus contract rolls on

The Goodyear Tire & Rubber Company announced today that it has extended a major multiyear contract for the supply of tires to Airbus for six wide-body aircraft models.
08 Mar 2005 18:32

BAE Systems North America buys United Defense Industries for $4.2 billion

Defense contractor United Defense Industries announced today that it has entered into a merger agreement with BAE Systems North America, the US subsidiary of BAE Systems.
07 Mar 2005 20:35

Boeing CEO ousted over relationship with female executive

Boeing announced today that its board of directors asked for and received the resignation of President and CEO Harry Stonecipher on Sunday, following an investigation of a personal relationship between Stonecipher and a female executive of the company.
07 Mar 2005 16:37

Delphi’s CFO, and others, hit the road

Automotive systems maker Delphi today announced that its vice chairman and chief financial officer, Alan S. Dawes, is leaving the company and has resigned from its board of directors and its strategy board, as an ongoing accounting investigation continues.
04 Mar 2005 20:36

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