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Whirlpool submits formal proposal to acquire Maytag

August 8, 2005

Whirlpool Corp. announced today that it has submitted a binding offer to acquire Maytag Corp. for $20 per Maytag share. The total value of the offer represents a 43 percent premium over the price...

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Tower Automotive appoints vice president, general counsel

August 5, 2005

Tower Automotive Inc. has appointed David M. DiRita as senior vice president and general counsel, a newly created position for the company, reporting to Kathleen Ligocki, president and CEO.According...

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Timken Co. elects board chairman, names president - steel

August 5, 2005

The Timken Company announced today that its board of directors has named Ward J. "Tim" Timken, Jr. chairman, effective August 15. The appointment follows the July 29 United States Senate confirmation...

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July job growth strong, but not in manufacturing

August 5, 2005

Nonfarm employment grew by 207,000 in July, and the unemployment rate was unchanged at 5.0 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Over the month,...

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U.S. Steel announces management changes

August 5, 2005

United States Steel Corp. today announced two key management changes, effective August 1. Sharon K. Kelley has been named plant manager of the Midwest Plant in Portage, Ind., and William J. Kelly has...

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U.S. steel consumption, prices to fall; aluminum to rise

August 4, 2005

Decreased demand and higher imports will lead to lower overall spot steel prices in 2005 compared with 2004, said Standard & Poor's in its semi-annual survey on the industrial metals industry,...

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Caterpillar, Land Rover form alliance

August 4, 2005

Caterpillar Inc. and Land Rover have signed a Memorandum of Understanding in which Caterpillar Remanufacturing Services will act as Land Rover's lead global remanufacturing services provider. The...

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U.S. Steel appoints vice president–automotive

August 4, 2005

United States Steel Corporation has advanced Peter J. Alvarado to the position of general manager-automotive and vice president U. S. Steel International with responsibility for the company's...

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Worker confidence holds steady, layoff concerns drop

August 3, 2005

Confidence among U.S. workers rose for the second straight month as concerns about layoffs matched previous Hudson Employment Index lows. Additionally, concerns about job security fell slightly. The...

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U.S. job cuts decline in July; still surpass 100,000

August 3, 2005

Global outplacement firm Challenger, Gray & Christmas Inc. today announced 102,971 planned U.S. job layoffs in July, down seven percent from 110,996 in June, but up 48 percent from a year ago. July...

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U.S. Steel names general manager, Great Lakes Works

August 2, 2005

United States Steel Corporation today announced that Frederick G. Jauss has been named general manager of Great Lakes Works, effective August 1. Great Lakes Works, in Ecorse and River Rouge, Mich., is...

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Toyota to increase San Antonio plant investment

August 2, 2005

Toyota Motor Manufacturing North America (TMMNA) announced today that it will invest an additional $50 million at its San Antonio plant currently under construction to allow for a 50,000 vehicle...

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President signs CAFTA

August 2, 2005

President Bush today signed the Central America Free Trade Agreement (CAFTA), which Congress approved last week by a two-vote margin.In his remarks at the signing, Bush said, "All of us in this room...

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Deere & Company fully acquires India joint venture

August 1, 2005

Deere & Company said today that it will acquire the remaining 50 percent share of its tractor joint venture in Pune, India—an operation that manufactures transmissions and diesel engines and...

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GM to cut prices on 30 of its 2006 models

August 1, 2005

General Motors today announced that it is lowering prices on 30 of its 2006 models. It also is redesigning vehicles and improving warranties or adding standard equipment to some vehicles.Called the...

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