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Durable goods orders declined in September

October 27, 2005

New orders for manufactured durable goods in September decreased $4.4 billion or 2.1 percent to $207.0 billion, the U.S. Census Bureau announced today. This followed a 3.8 percent August...

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September mass layoffs highest since November 2001

October 25, 2005

Mass layoff data for September 2005 reflect the impact of Hurricane Katrina on workers in Louisiana and Mississippi and, to a lesser extent, the impact of Hurricane Rita on workers in Texas. In...

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Salvagnini America names North American operation president

October 24, 2005

Bill Bossard, vice president marketing and sales of Salvagnini America, has been named president of the company's North American unit, announced CEO Eugenio Bassan. In addition to continuing in his...

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Mittal Steel acquires 93 percent of Ukraine steel producer

October 24, 2005

Mittal Steel Company N.V. today announced that it has agreed to acquire a 93.02 percent stake in the capital of KryvorizhStal from the State Property Fund of Ukraine following a public auction.Under...

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AK Steel elects board chairman

October 21, 2005

AK Steel has announced that James L. Wainscott, president and CEO, has been elected chairman of its board of directors, effective January 1, 2006. Wainscott will continue to serve as the company's...

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TRUMPF to expand manufacturing operations

October 21, 2005

TRUMPF Inc., a subsidiary of the German-based TRUMPF Group, has announced plans to expand its North American business.As part of a multimillion dollar expansion plan, TRUMPF Inc. is building a laser...

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TRUMPF Group announces management changes

October 20, 2005

TRUMPF has long been preparing for the generation change. Today it became official. As the German machine tool manufacturer and laser specialist announced today at its annual press conference,...

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Ford to restructure

October 20, 2005

Ford Motor Co. Chairman and CEO Bill Ford said today the company, which reported third-quarter losses of $284 million — fueled in part by the North American division's $1.2 billion loss —...

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Eight inducted into Automotive Hall of Fame

October 19, 2005

Eight automotive pioneers and leaders were inducted into the Automotive Hall of Fame, located in Dearborn, Mich., in ceremonies held October 11. They are Mario Andretti, John Boyd Dunlop, Sir William...

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Center to assist businesses rebuilding Gulf Coast region

October 19, 2005

Commerce Secretary Carols M. Gutierrez established the Hurricane Contracting Information Center (HCIC) on October 11, 2005, to assist U.S. businesses, particularly minority, women, and small-sized...

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Steel Dynamics, Roanoke Electric Steel propose merger

October 18, 2005

Steel Dynamics, Inc. and Roanoke Electric Steel Corp. have announced the execution of a definitive agreement of merger, pursuant to which SDI will acquire Roanoke. Completion of the merger is subject...

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GM, UAW reach tentative health-care agreement

October 17, 2005

General Motors Corp. and the United Auto Workers (UAW) reached a tentative agreement early today to reduce GM's health-care costs.The tentative agreement, subject to finalized language and UAW-BM...

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Ford appoints executives in The Americas

October 14, 2005

Ford Motor Co. Chairman and Chief Executive Officer Bill Ford and Mark Fields, the Company's executive vice president and president, The Americas, has announced a series of executive appointments. The...

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Study shows high costs still undermining key manufacturing sectors

October 14, 2005

Manufacturing profits in five key sectors were 67 percent lower than they would have been from 2000 to 2003 because of adverse structural costs — and still have not returned to their historic...

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Toyota breaks ground in Woodstock, Ont.

October 12, 2005

Canadian Prime Minister Paul Martin, Ontario Premier Dalton McGuinty, Toyota Motor Corporation (TMC) President Katsuaki Watanabe, and Toyota Motor Manufacturing Canada (TMMC) President Ray Tanguay...

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