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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Fed Pondering Change In Rate Hike Signals

December 17, 2014 11:48 am | by Martin Crutsinger, AP Economics Writer | Comments

The U.S. economy is finally doing better, and the Federal Reserve may be ready to acknowledge that fact. In a statement it will issue Wednesday after two days of discussion, the Fed may no longer say it plans to keep a key interest rate near zero for a "considerable time." Dropping that language would be...

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U.S. Current Account Deficit Rises To $100.3B

December 17, 2014 11:23 am | by Josh Boak, AP Economics Writer | Comments

The U.S. current account trade deficit widened slightly in the July-September quarter, largely due to foreign institutions paying less in fines and penalties to the U.S. government. The Commerce Department said Wednesday that the deficit in the current account rose to $100.3 billion in the third...

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Russia's Sinking Economy Becoming A Global Threat

December 17, 2014 11:08 am | by Josh Boak, AP Economics Writer | Comments

Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia's shriveled currency, its move to dramatically boost interest rates, the...

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U.S. Consumer Prices Fell 0.3% In November

December 17, 2014 10:24 am | by Josh Boak, AP Economics Writer | Comments

Plunging gasoline costs pulled U.S. consumer prices lower in November, muting inflation across the entire economy. The Labor Department said Wednesday the inflation reading fell a seasonally-adjusted 0.3 percent last month, after prices were flat in October. Gas costs plummeted 10.5 percent in...

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FDA Requires Calorie Labels For Alcohol On Menus

December 17, 2014 10:11 am | by Mary Clare Jalonick, The Associated Press | Comments

Don't want to be confronted with the number of calories in that margarita or craft beer? Then avoid the menu and order at the bar.New menu labeling rules from the Food and Drug Administration will require chain restaurants with 20 or more outlets to list the amount of calories in alcoholic...

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OR Certifies Recount Results: GMO Labels Lost

December 17, 2014 10:08 am | by Jonathan J. Cooper, The Associated Press | Comments

Secretary of State Kate Brown has certified recount results showing the defeat of a ballot measure to require labels on genetically modified foods, officially making Oregon the fourth state in the West to reject the idea. Brown certified the final numbers Monday showing Measure 92 was defeated by 837 votes out of...

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Senate Approves New Auto Safety Chief

December 17, 2014 10:05 am | by Joan Lowy, The Associated Press | Comments

The Senate on Tuesday confirmed a new administrator to lead the government's auto safety agency, which faces complaints that regulators bungled two high-profile recalls involving faulty ignition switches and exploding air bags. Mark Rosekind, 59, a leading expert on human fatigue, was approved by...

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Powdered Alcohol? Not So Fast, Lawmakers Say

December 17, 2014 9:47 am | by Ivan Moreno, The Associated Press | Comments

Powdered alcohol hasn't even arrived in stores yet, but states already are moving to ban the product touted by its inventor as an easy way to mix a drink on the go. Colorado is the latest state considering prohibiting "Palcohol" amid concern it will increase underage drinking. The product is marketed as an ounce of rum...

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OPEC Net Oil Export Revenues Expected To Fall

December 17, 2014 9:26 am | by U.S. Energy Information Administration‎ | Comments

Based on crude oil market assessments in the Short-Term Energy Outlook, EIA estimates that members of the Organization of the Petroleum Exporting Countries (OPEC), excluding Iran, will earn about $700 billion in revenue from net oil exports in 2014, a 14% decrease from 2013 earnings and the lowest earnings...

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Industrial Growth: What’s Next For GE In 2015

December 16, 2014 5:04 pm | by GE Reports | Comments

Each December, GE Chairman and CEO Jeff Immelt gives investors insight into what the New Year will look like. In some ways, it will resemble 2014. His goal is to keep steering the company to a place where 75 percent of earnings come from GE’s core industrial businesses and 25 percent from its financial arm, GE Capital. Over the...

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Lockheed Martin To Settle Suit

December 16, 2014 4:55 pm | by Jim Suhr, The Associated Press | Comments

Lockheed Martin Corp. has agreed to settle a class-action lawsuit accusing the aerospace and defense company of mismanaging the investment accounts of its employees and retirees. Terms of the tentative settlement announced Tuesday in federal court in East St. Louis, Illinois, weren't released. The deal averts a...

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NC Group Wants Duke Energy To Slow Building

December 16, 2014 4:47 pm | by Emery P. Dalesio, The Associated Press | Comments

A North Carolina group advocating renewable energy said Tuesday it is pressing federal regulators to investigate whether Duke Energy should buy power from other Southeast electric companies and build fewer power plants that cost consumers. NC WARN said it is asking the Federal Energy Regulatory Commission...

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U.S., European Industries Urge Stronger Trade, Investment Ties With India

December 16, 2014 2:37 pm | by Jamie Hennigan, National Association of Manufacturers | Comments

Washington, D.C., December 16, 2014 – On behalf of businesses across Europe and in all 50 U.S. states, the heads of the National Association of Manufacturers (NAM) and more than a dozen other organizations today sent a joint letter to Indian Commerce and Industry Minister Nirmala Sitharaman urging action on...

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Feds To Boost Mine Blasting Emissions Rules

December 16, 2014 2:29 pm | by Mead Gruver, The Associated Press | Comments

The federal agency in charge of environmental protection at surface mines including Wyoming's huge open-pit coal mines has agreed to work toward regulating the toxic chemicals that sometimes get ejected into the air during blasting. Occasionally not all explosive used in a mine blasting operation ignites. When that...

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Boeing 737 Factory To Use All Clean Energy

December 16, 2014 2:21 pm | by The Associated Press | Comments

Boeing says it plans to switch to all renewable energy at the factory in Washington state where it assembles its 737 commercial airplanes. The aerospace company and the utility, Puget Sound Energy, announced the switch Tuesday at the Renton factory, near Seattle. Boeing says it will eliminate energy...

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Study Finds Toxic Chemicals In Seasonal Holiday Products

December 16, 2014 2:08 pm | by The Associated Press | Comments

A new research study finds that top retailers of holiday decor continue to sell some seasonal decorations and other products that contain hazardous chemicals. Researchers found that 2/3 of these products have one or more hazardous chemicals that have been linked to serious health threats. The study is an update to previous...

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Apple Wins Class-Action iPod Trial

December 16, 2014 1:58 pm | by Brandon Bailey, AP Technology Writer | Comments

After just a few hours of deliberation, a jury in California has found in favor of Apple in a billion-dollar class-action lawsuit over the price of its iPod music players. The eight-member jury in U.S. District Court rejected a claim by attorneys for consumers and iPod resellers, who argued that Apple's use of restrictive software...

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Chrysler Group LLC Changes Its Name

December 16, 2014 1:33 pm | by The Associated Press | Comments

Chrysler Group LLC has changed its name to FCA US LLC, effective immediately. The automaker said Tuesday that the name change follows the naming convention of its parent company, Fiat Chrysler Automobiles N.V., which adopted its name in October when it listed on the New York Stock...

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Study: Consumers Trust Farmers 'Far More' Than Scientists, Nutritionists

December 16, 2014 11:11 am | by Bayer CropScience | Comments

More than half of American consumers would like to talk to a farmer even though the vast majority  — 94 percent — indicated in a recent survey sponsored by Bayer CropScience that they have no connection with agriculture or farming. Consumers trust farmers by far more than scientists, nutritionists, government...

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MC Industrial To Construct Boeing Composite Facility Expansion

December 16, 2014 11:04 am | Comments

St. Louis-based MC Industrial, Inc., an independent McCarthy company, has been chosen to construct Boeing’s new 367,000-square-foot composite center on its St. Louis campus. MC Industrial, along with their design partner, Burns & McDonnell, will manage the design and construction of the manufacturing...

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