Other

  • Congress pressed to keep R&D tax credit Dec 06, 2006

    Time is running out for the research and development tax credit, which will expire Dec. 31 unless it is extended during the current lame-duck session of Congress.

  • Misa Metals selects ADS for transport management services Dec 06, 2006

    Misa Metals Inc., a West Chester, Ohio,-based unit of Marubeni-Itochu Steel Inc., Tokyo, has picked ADS Logistics LLC, Homewood, Ill., to provide transportation management for both inbound and outbound shipments.

  • Misa Metals selects ADS Logistics for transport management services Dec 06, 2006

    Misa Metals Inc., a West Chester, Ohio,-based unit of Marubeni-Itochu Steel Inc., Tokyo, has picked ADS Logistics LLC, Homewood, Ill., to provide transportation management for both inbound and outbound shipments.

  • NAM’s task force steps up pressure on China currency Dec 05, 2006

    Renewing a call for action to address China’s alleged currency manipulation, the National Association of Manufacturers’ newly formed U.S.-China Business Relations Task Force met with Treasury Secretary Henry M. Paulson Jr., Commerce Secretary Carlos M. Gutierrez and U.S. Trade Representative Susan C. Schwab Monday.

  • Alcoa aerospace services unit sold to ThyssenKrupp Dec 04, 2006

    ThyssenKrupp Services AG, Düsseldorf, Germany, has purchased Alcoa Inc.’s aerospace services business, which provides value-added materials processing services for aircraft manufacturers.

  • Alcoa aerospace services unit sold to ThyssenKrupp Dec 04, 2006

    ThyssenKrupp Services AG, Düsseldorf, Germany, has purchased Alcoa Inc.’s aerospace services business, which provides value-added materials processing services for aircraft manufacturers.

  • Dana to sell its engine hard parts unit to Germany’s Mahle Dec 04, 2006

    Automotive parts supplier Dana Corp., which is operating under Chapter 11 protection from creditors, has agreed to sell its non-core engine hard parts business to Mahle GmbH, Stuttgart, Germany, for an aggregate price of $157 million.

  • Dana to sell its engine hard parts unit to Germany’s Mahle for $157M Dec 04, 2006

    Automotive parts supplier Dana Corp., which is operating under Chapter 11 protection from creditors, has agreed to sell its non-core engine hard parts business to Mahle GmbH, Stuttgart, Germany, for an aggregate price of $157 million.

  • Thriving on risk, Agnelli’s banking background pays off for CVRD Dec 01, 2006

    The ease with which Cia. Vale do Rio Doce (CVRD) put together $18 billion in financing to buy Inco Ltd., dramatically multiplying its existing $3-billion debt, shows the company is beloved by banks not only in Brazil, but internationally.

  • Ross’ auto supplier group making first big buy in N. America Dec 01, 2006

    After buying companies in Asia, Europe and South America with $1.5 billion in annual revenue, Wilbur L. Ross Jr.’s International Automotive Components Group LLC (IACG) is making its first investment in North America Lear Corp.’s interior systems division.

  • Ross in 1st big North American automotive buy Dec 01, 2006

    After buying companies in Asia, Europe and South America with $1.5 billion in annual revenue, Wilbur L. Ross Jr.’s International Automotive Components Group LLC (IACG) is making its first investment in North America Lear Corp.’s interior systems division.

  • Manufacturing economy starts to contract Dec 01, 2006

    Economic activity in the U.S. manufacturing sector failed to grow in November for the first time following 41 consecutive months of growth, although the overall economy expanded for the 61st month in a row, according to the latest business report from the Institute for Supply Management, Tempe, Ariz.

  • Comex sets e-trading hours, fees Nov 30, 2006

    The New York Mercantile Exchange has announced the hours and fees for Comex division gold, silver, copper and aluminum contracts to be offered for electronic trading on the CME Globex platform effective with Dec. 4 trading.

  • Corus’ profits surge in third quarter Nov 29, 2006

    Corus Group Plc posted operating profits of £171 million ($333 million) in the third quarter, more than double the £75 million it made a year earlier, as market conditions improved.

  • Nearly half of Ford’s union workers accept buyouts or early retirement Nov 29, 2006

    Ford Motor Co., Dearborn, Mich., said 38,000 workers, or almost half of the 83,000 United Auto Workers union employees it started with in 2006, have accepted preliminary buyout offers in a company-wide enrollment that wrapped up Monday.

  • Worthington merges residential building units Nov 29, 2006

    Metal processor Worthington Industries Inc., Columbus, Ohio, is combining its mid-rise, military and single-family residential construction units into a single group called Worthington Integrated Building Systems.

  • TRW opens chassis unit in China Nov 29, 2006

    A Chinese subsidiary of TRW Automotive Systems Corp., Livonia, Mich., has opened a manufacturing plant in Beijing to produce chassis modules for a Chinese unit of Germany’s DaimlerChrysler AG.

  • Nearly half of Ford’s union workers accept buyouts or early retirement Nov 29, 2006

    Ford Motor Co., Dearborn, Mich., said 38,000 workers, or almost half of the 83,000 United Auto Workers union employees it started 2006 with, have accepted preliminary buyout offers in a company-wide enrollment that wrapped up Monday.

  • TRW opens chassis module unit in Beijing Nov 29, 2006

    TRW Automotive Systems Corp., Livonia, Mich., said a Chinese subsidiary had opened a manufacturing plant in Beijing to produce chassis modules for a Chinese unit of Germany’s DaimlerChrysler AG.

  • New deal with Japan’s Asahi Tec cuts Metaldyne acquisition price Nov 28, 2006

    Metaldyne Corp., Plymouth, Mich., and Asahi Tec Corp. of Shizuoka, Japan, said an agreement reached with noteholders would result in a reduction of the $1.2-billion acquisition price for automotive components manufacturer Metaldyne by its Japanese competitor.

  • Gas suppliers will join ITC’s pipe hearing Nov 28, 2006

    A group representing the natural gas transmission industry plans to testify in the U.S. International Trade Commission’s upcoming sunset review of anti-dumping duties on imported oil country tubular goods (OCTG).

  • Select rulebook tweaked ahead of minis launch Nov 27, 2006

    The London Metal Exchange has announced new restrictions for trading on its LME Select electronic platform as it prepares to launch its first mini-contracts next week.

  • New requirement for port IDs sparks trucking delay fears Nov 27, 2006

    Traders have raised concerns over potential trucking delays out of U.S. ports in the wake of a new law requiring all drivers and port workers to carry identification cards.

  • Intermet in Metaldyne supply deal Nov 27, 2006

    Intermet Corp., Fort Worth, Texas, has signed a deal with metal-based automotive components manufacturer Metaldyne Corp., Plymouth, Mich., to supply the majority of its cast part requirements through the end of 2007.

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