Manufacturing News

P&G names Peltz to board
Procter & Gamble Co. revealed Friday after the stock market closed that it has appointed activist investor Nelson Peltz to its board of directors – even though he didn’t win election to a seat in the biggest proxy battle in the history of a public company. Peltz, the CEO of Trian Fund Management, will take a seat on the board of the Cincinnati-based maker of consumer goods such as Tide detergent (NYSE: PG) on March 1. David Taylor, CEO of P&G and chairman of the board, said Peltz had agreed…
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Foxconn makes $60 million available for buying Mount Pleasant real estate
Foxconn Technology Group followed through Friday with an agreement to front $60 million for the village of Mount Pleasant to buy 1,695 acres of land immediately north and east of the company’s planned plant.
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Boeing HorizonX chief Steve Nordlund is flying at startup speed
Boeing turned to Steve Nordlund when it needed someone fast, decisive and empowered to oversee its new tech investment and innovation program. Major decisions at Boeing take months of study, dissection, discussion and debate by a cadre of executives, experts and managers. But Nordlund, who had worked at an aerospace startup and in Boeing’s defense business, has been able to cut through the red tape.
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The 3 trends Dick Leinenkugel sees for the beer industry
In a speech at Discovery World, Leinenkugel shared three rising trends he sees for the industry in which he has spent most of his life.
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Truck giant Paccar names new president, declares special dividend
The Bellevue-based truck maker cited the executive's successful introduction of award-winning new trucks, and it declared a special shareholders' dividend thanks to booming truck sales.
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This Gilbert brewery is opening a location in downtown Phoenix
Downtown Phoenix is gaining a new brewery. Arizona Wilderness Brewing Co., which has its base in Gilbert, has announced plans to open a new location in Roosevelt Row in downtown Phoenix. Brewery founder Jonathan Buford announced the news in a blog post this week. The new brewery will be a counter service restaurant featuring burgers and the Gilbert-based brewer's craft beer. It is slated to open sometime in early 2019. Arizona Wilderness has secured space at 201 E. Roosevelt St. along the Roosevelt…
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