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Ford announces appointments in North America, Europe

July 20, 2005

Ford Motor Co. today announced executive elections and appointments in North America and Ford of Europe.Derrick Kuzak has been appointed vice president, North America Engineering, effective August 1....

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TI Automotive subsidiary to build in Alabama

July 20, 2005

Hanil USA, a subsidiary of TI Automotive, is developing a new, multi-million-dollar manufacturing facility in Tallassee, Ala.The plant will assemble plastic and steel tube components used in...

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Ford 2nd-quarter earnings drop 19 percent

July 19, 2005

Ford Motor Co. today reported net income of 47 cents per share, or $946 million, for the second quarter of 2005. This compares with net income of 57 cents per share, or $1.2 billion, in the second...

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Whirlpool extends offer to acquire Maytag

July 18, 2005

Whirlpool Corp. announced July 17 that it has made a proposal to acquire Maytag Corp. for $17 per Maytag share. The total value of the proposal represents a 21 percent premium over the price offered...

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AK Steel announces August surcharges

July 15, 2005

AK Steel has advised its flat-rolled carbon steel customers that a $183 per ton surcharge will be added to invoices for products shipped in August 2005. The company also has advised its electrical...

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Industrial production rises in June

July 15, 2005

The Federal Reserve reported today that industrial production increased 0.9 percent in June, three times May's 0.3 percent increase and the highest increase in 16 months. More than half of the gain...

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Jobs added in June, but not in manufacturing

July 14, 2005

Nonfarm employment increased by 146,000 in June, and the unemployment rate continued to trend down, reaching 5.0 percent—down from 5.1 percent in May and the lowest since September...

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WCI Steel names vice president–operations

July 14, 2005

WCI Steel, Inc. announced today that James F. Walsh has been named vice president-operations. Walsh has served as a consultant to WCI since April 2005 and has worked in various managerial and...

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Manzullo challenges Greenspan on China currency

July 14, 2005

House Small Business Committee Chairman Don Manzullo (R-IL) today challenged Federal Reserve Board Chairman Alan Greenspan's recent statement that a revaluation of China's currency—the...

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U.S. trade deficit decreases slightly in May

July 13, 2005

The Department of Commerce today reported that the U.S. trade deficit fell by 2.7 percent in May to $55.3 billion, the best showing since March. Most of the improvement came from a drop in oil prices...

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Timken wins Delphi Pinnacle Award

July 12, 2005

The Timken Company's Walhalla, S.C., plant was one of 77 suppliers from 15 countries honored with the first Delphi Pinnacle Award for Supplier Excellence.Delphi launched the award program with a...

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Taylor-Wharton appoints European sales, marketing manager

July 12, 2005

Taylor-Wharton, an operating unit of Harsco GasServ, Mechanicsburg, Pa., has announced that Karl A. Clausen, managing director of the company's European operations, is retiring at the end of 2005. In...

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T&H Lemont installs two stainless steel tube mills

July 12, 2005

T&H Lemont, Countryside, Ill., has installed two WU11M-11 quick-change stainless steel tube mills.The integrated mill systems can produce inline-bright-annealed products in diameters from 0.250 in....

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Steel Technologies names vice president — human resources

July 12, 2005

Steel Technologies Inc., Louisville, Ky., has hired Patrick M. Flanagan as vice president — human resources.Flanagan has more than 20 years' human resources experience, including serving as...

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Redman changes name to Tubesource

July 12, 2005

Redman Mfg. Co., Ferndale, Mich., has changed its name to Tubesource.According to President Brad VanderBrug, the name change is part of the company's plan to become a one-stop shop in the tube supply...

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