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DaimlerChrysler announces top management changes

July 28, 2005

Today, the Supervisory Board of DaimlerChrysler announced top management changes. Prof. Jurgen E. Schrempp, chairman of the Board of Management of DaimlerChrysler AG, will leave the company after 44...

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House passes CAFTA

July 28, 2005

The U.S. House of Representatives narrowly approved the U.S.-Central American Free Trade Agreement (CAFTA) (HR 3045) early today by a 217-215 vote. Only 15 of the House's 202 democrats supported...

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Job growth slows, but key vacancies hard to fill

July 27, 2005

Although employment growth was slower for manufacturing firms this month than last, employers are having more difficulty finding skilled applicants to fill key positions, according to new numbers from...

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Ball Corp. to convert line to meet specialty can demand

July 27, 2005

Ball Corp. announced today that it is converting a beverage can manufacturing line in its Monticello, Ind., plant from the production of 12-ounce beverage cans to a line capable of producing beverage...

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Durable goods orders rise in June

July 27, 2005

The U.S. Department of Commerce reported today that demand for durable goods grew by 1.4 percent in June to total $215.4 billion. This marked the third straight month that manufacturers have seen...

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Alcan opens new R&D facility in Australia

July 26, 2005

Alcan Inc. today announced the opening of its new alumina research and development (R&D) facility in Brisbane, Australia. The Queensland Research and Development Centre (QRDC) will develop new...

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Mass layoffs decline in June

July 26, 2005

In June 2005, employers took 1,175 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S....

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U.S. House considers Trade Rights Enforcement Act

July 26, 2005

Today the U.S. House of Representatives is considering legislation to crack down on China and other countries that illegally subsidize their companies to give then a competitive advantage over U.S....

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Haldex to manufacture compressors in China

July 25, 2005

Stockholm, Sweden-based Haldex, a provider of components to the global automotive industry, announced today it has signed a license and manufacturing agreement with a subsidiary of ASIMCO Technologies...

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NAM urges grassroots action on death tax repeal

July 21, 2005

The National Association of Manufacturers (NAM) is urging all organizations and companies to fax the appropriate Senators to encourage them to vote to repeal the death tax permanently.In 2001 Congress...

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Manzullo calls China's currency revaluation "good news"

July 21, 2005

House Small Business Committee Chairman Don Manzullo (R-IL) today welcomed China's decision to unpeg its currency to the U.S. dollar, calling it a good first step to leveling the playing field for...

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W. R. Timken, Jr. to be nominated as Ambassador to Germany

July 20, 2005

The Timken Company has announced that President Bush intends to nominate W. R. Timken, Jr., chairman of the Timken Board of Directors, for the position of U.S. Ambassador to Germany. The nomination...

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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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