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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Death Toll From GM Ignition Switches Rises To 42

December 15, 2014 1:55 pm | by The Associated Press | News | Comments

At least 42 people have died and 58 have been injured in crashes involving General Motors cars with defective ignition switches. Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the totals Monday. Feinberg says he has received 251 death claims and...

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Fed Likely To Note Gains But Signal No Rate Hike

December 15, 2014 1:35 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

A resurgent U.S. economy has emerged from a long struggle with high unemployment and weak growth. And the Federal Reserve seems poised to recognize the sustained improvement.In a statement it will issue after a policy meeting ends Wednesday, the Fed may no longer say it plans to keep a key interest...

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Why Oil Is Down By Half, What It Means For You

December 15, 2014 1:24 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing. The price of a barrel of oil is just under $58, down from a summer high of $107, and lower than at...

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UAW President: Companies Can Raise Pay While Staying Competitive

December 15, 2014 1:17 pm | by The Associated Press | News | Comments

United Auto Workers President Dennis Williams says he's not buying the Detroit Three automakers' argument against wage increases for longtime workers. Williams told reporters Monday that keeping Detroit competitive with foreign automakers can't always be done on the backs of workers. He says...

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Water Leak Found At PA Nuclear Plant

December 15, 2014 12:26 pm | by The Associated Press | News | Comments

Operators of the Susquehanna nuclear power plant in central Pennsylvania say they have disconnected Unit One from the regional power grid after finding a small water leak inside the containment structure. PPL officials said Saturday that the leak was "well within the plants limits for continued safe operation" but the...

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Volatility Index Underscores Need For Supply Chain Risk Management

December 15, 2014 12:14 pm | by Stephane Crosnier, Managing Director, Accenture Strategy--Operations | Articles | Comments

VIX, the index used by The Chicago Board Options Exchange to calculate anticipated market volatility, recently dipped after hitting a nearly three-year high in the fall. Given recent news headlines, the triggers that prompted the index spike are relatively easy to imagine – war in the Middle East, the European...

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Alcoa Buying Tital To Help Expand Aerospace Unit

December 15, 2014 12:09 pm | by The Associated Press | News | Comments

Alcoa is buying a titanium and aluminum structural castings company, Tital, to help expand its global aerospace business. Financial terms were not disclosed. Alcoa, which is based in New York with key operations in Pittsburgh, has been shifting from mining and smelting aluminum to making products that...

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Oil Plunges Again, Reaches Recession-Level Depths

December 15, 2014 12:03 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

Another forecast of weak global demand, another nosedive for oil. A 6-month rout in the price of oil accelerated this week, culminating in a 4 percent drop Friday — its third such drop in 5 days — to its lowest level since May of 2009, when the U.S. was still in recession. Friday's trigger was a lowered....

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How Manufacturers Can Raise Prices Without Risking Volume: A 4-Step Process To Drive 20% Profit Gains

December 15, 2014 10:51 am | by Insight2Profit | Webinars

Operational effectiveness, supply chain efficiency, and customer behavior all impact profitability. This webinar will focus on how manufacturing companies can raise prices without risking volume and will take a look at the specific challenges manufacturers face. Using a 4-Step process for combining pricing technology and strategy, manufacturers...

14 Cities Get Bloomberg 'Innovation Team' Grants

December 15, 2014 10:33 am | by Jennifer Peltz, The Associated Press | News | Comments

Fourteen cities ranging from Long Beach, California, to Jerusalem are getting up to $3 million from former New York City Mayor Michael Bloomberg's foundation to create "innovation teams" to jump-start new approaches to poverty, public safety, job growth and other issues, the foundation announced...

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Deal Salvaged At UN Climate Talks In Peru

December 15, 2014 10:30 am | by Karl Ritter, The Associated Press | News | Comments

Climate negotiators salvaged a compromise deal in Lima early Sunday that sets the stage for a global pact in Paris next year, but rejected a rigorous review of the greenhouse gas emissions limits they plan. More than 30 hours behind schedule, delegates from more than 190 countries agreed on what information should...

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Richland Nuclear Power Plant Turns 30 Years Old

December 15, 2014 10:26 am | by The Associated Press | News | Comments

The only nuclear power plant in the Northwest, the Columbia Generating Station at Richland, Washington turned 30 years old over the weekend. It's owned by the Energy Northwest utility consortium and it supplies a share of the electricity used by 92 Northwest utilities through the Bonneville Power...

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Six Key Predictions For Manufacturing In 2015

December 15, 2014 10:02 am | by John Zegers, Director, Georgia Center of Innovation for Manufacturing | Articles | Comments

The face of manufacturing in America has undergone more woeful changes than many of us in the industry care to remember. The recent past has been particularly painful, with economic downturns driving manufacturing overseas to take advantage of lower labor costs, and a generally depressed level of manufacturing...

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Manufacturing In NY Contracts In December

December 15, 2014 9:57 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Manufacturing activity in New York state shrank in December for the first time in nearly two years, pulled down by a drop in orders and shipments. The Federal Reserve Bank of New York said Monday that its Empire State Manufacturing index dropped to negative-3.6 in December from 10.2 the previous month. Any figure...

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Fish Farming Finds Its Way To Land-Locked Midwest

December 15, 2014 9:51 am | by Margery A. Beck, The Associated Press | News | Comments

The latest of five generations who have worked the same ground in northeastern Nebraska, 52-year-old Scott Garwood, isn't growing corn or cattle — it's fish. Specifically, thousands of an Australian freshwater species called barramundi — often dubbed Asian sea bass because of its similar sweet, white flaky...

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NAM CEO Responds To NLRB In Video

December 15, 2014 9:44 am | by Jamie Hennigan and Mallory Micetich, National Association of Manufacturers | Videos | Comments

National Association of Manufacturers (NAM) President and CEO Jay Timmons delivered the following video statement on the National Labor Relations Board’s upcoming decision to drastically change longstanding labor policy and dramatically shorten the time-frame for union elections.  "Economic growth, job...

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Families Of Shooting Victims Sue Gun Manufacturer, Seller

December 15, 2014 9:32 am | by The Associated Press | News | Comments

A law firm representing the families of nine of the 26 people killed and a teacher injured at the Sandy Hook Elementary School says it has filed a lawsuit against the manufacturer, distributor, and seller of the rifle used in the shooting. The negligence and wrongful death lawsuit asserts that the...

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Factory Output Eclipses Pre-Recession High

December 15, 2014 9:25 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. manufacturing output in November surpassed its pre-recession peak, as auto production kicked into a higher gear. The Federal Reserve says factory production rose 1.1 percent last month, up from a 0.4 percent improvement in October. Manufacturing output has risen 4.8 percent over the past 12...

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U.S. Rig Count Down To 1,893

December 12, 2014 2:50 pm | by The Associated Press | News | Comments

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 27 this week to 1,893. The Houston firm said Friday in its weekly report 1,546 rigs were exploring for oil and 346 for gas. One was listed as miscellaneous. A year ago there were 1,782 active...

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AAM: Growing Trade Deficit With China Costs U.S. Jobs

December 12, 2014 2:43 pm | by Alliance for American Manufacturing | News | Comments

America’s surging trade deficit with China has cost more than 3.2 million U.S. jobs – the overwhelming majority of them in manufacturing – according to a study released today by the Economic Policy Institute (EPI). “I am outraged that 3.2 million U.S. jobs have been lost due to the growing trade deficit with...

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