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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Subaru Seeks $118M Tax Break For 4-Mile Move

December 8, 2014 1:29 pm | by Geoff Mulvihill, The Associated Press | Comments

Subaru announced plans to move its U.S. headquarters to Camden, just four miles from its current home in Cherry Hill, and said it is seeking $118 million in tax breaks intended to lure jobs to the impoverished city. The move by the fast-growing division...

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Economists Forecast Fast Growth In 2015

December 8, 2014 1:24 pm | by Martin Crutsinger, AP Economics Writer | Comments

The U.S. economy, helped by a stronger job market and falling oil prices, should enjoy the fastest economic growth in a decade next year, according to a panel of top business economists. The National Association for Business Economics said Monday it expects the overall economy, as measured by the...

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New Rules Expand EPA's Scope

December 8, 2014 12:54 pm | by The Associated Press | Comments

The state environmental agency says a proposed federal rule to reduce carbon dioxide releases from power plants exceeds the U.S. Environmental Protection Agency's authority, will put electrical grids at risk and is unfair in how it would be applied to...

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McD's Plans Customized Burgers As U.S. Sales Fall

December 8, 2014 10:29 am | by The Associated Press | Comments

Hold the pickles, onions, and special sauce. The Big Mac is becoming a victim of finicky tastes. McDonald's is planning major changes in the U.S. as sales continue to slide, including an expansion of a test that lets people build their own burgers by tapping on a touchscreen. The company said...

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New ND Refinery Gets First Crude Shipment

December 8, 2014 10:24 am | by The Associated Press | Comments

A new oil refinery near Dickinson, ND is preparing to begin producing diesel fuel. The $350 million Dakota Prairie Refinery received its first shipment of 27,000 barrels of crude last week, KXMB-TV reported. Once the plant is fully operational, it will process 20,000 barrels of...

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Eurozone Weighs Future Of Greek Bailout

December 8, 2014 10:21 am | by David McHugh, The Associated Press | Comments

Eurozone finance ministers and Greek officials haggled Monday over whether Athens needs to take more austerity measures before it emerges from its expiring bailout deal. European Union loans are due to stop at year end as Greece recovers from its economic crisis and debt...

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High Court Rejects BP Appeal Of Spill Settlement

December 8, 2014 10:17 am | by The Associated Press | Comments

The Supreme Court is leaving in place BP's multibillion-dollar settlement with lawyers for businesses and residents over the 2010 oil spill in the Gulf of Mexico. The justices did not comment Monday in rejecting the London-based oil giant's arguments that lower courts misinterpreted...

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SC Co-Op Members Oppose Tighter CO2 Standards

December 8, 2014 10:05 am | by The Associated Press | Comments

A lot of people served by South Carolina's largest electric cooperative don't like proposed tighter government standards on carbon dioxide emissions from power plants. The Post and Courier of Charleston reports that more than 51,000 comments opposing the new standards were...

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Unemployment Rates Fall For Women, Vets

December 8, 2014 9:59 am | by The Associated Press | Comments

November was a good month for women and recent veterans who sought jobs. The unemployment rate for women reached 5.3 percent last month. The figure, matching the level for June this year, is the lowest since 2008. Recent veterans who served in Iraq or Afghanistan made even...

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Fuel Exports Soar Under Obama Administration

December 8, 2014 9:53 am | by Dina Cappiello, The Associated Press | Comments

Solar panels glisten from every thatched hut on this crowded island, one of the largest in this remote chain off the Panamanian coast. But the tiny emblems of green energy offer no hope against climate change. They have helped the island's Guna people reduce what was...

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U.S. Job Market Hits A Turning Point

December 8, 2014 9:49 am | by Christopher S. Rugaber, AP Economics Writer | Comments

Look past the booming November job gain of 321,000 reported Friday — the best figure in three years in the strongest year for U.S. hiring since 1999. The job market has reached a new milestone on its road to full health: For the first time since the Great Recession ended....

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Why Employees Leave Jobs: It's All About The Benjamins

December 8, 2014 9:36 am | by The Associated Press | Comments

Addison Group, a leading provider of professional staffing services, released today the results of a survey that examines why people from different generations are leaving their employers and the preferences they have for rewards, like raises and bonuses. The survey was conducted...

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Judge Approves $10.5M Sale Of Maine Mill

December 5, 2014 2:08 pm | by The Associated Press | Comments

A bankruptcy court judge has approved the $10.5 million sale a shuttered paper mill in Old Town, Maine, to a Wisconsin company that wants to reopen it. Expera Specialty Solutions of Kaukauna, Wisconsin, said it plans to reopen the Old Town...

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Japan: Auto Recall Overhaul Needed For Global Woes

December 5, 2014 2:04 pm | by Yuri Kageyama, AP Business Writer | Comments

The top Japanese auto safety official acknowledged Friday that Japan's recall system needs an overhaul to better respond to global problems highlighted by the debacle over Takata air bags that can explode. "The framework in place...

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Dow Chemical Sells 2 Businesses For $225M

December 5, 2014 1:59 pm | by The Associated Press | Comments

Dow Chemical said Friday that it is selling two businesses for a total of $225 million. Dow said Vertellus Specialty Materials will buy its sodium borohydride business and Valfilm North America will buy a polyolefin films plant in...  

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Lockheed Martin-Built Orion Spacecraft Takes First Steps With Successful Test Flight

December 5, 2014 1:54 pm | by The Associated Press | Comments

The Lockheed Martin-built Orion spacecraft gently splashed down into the waters of the Pacific Ocean at 11:29 a.m. EST this afternoon, completing the first test flight of NASA's deep space exploration capsule. After a successful launch from Cape...

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U.S. Trade Deficit Drops To $43.4B

December 5, 2014 1:46 pm | by Martin Crutsinger, The Associated Press | Comments

The U.S. trade deficit fell slightly in October as exports rebounded while oil imports dipped to the lowest level in five years. The deficit edged down 0.4 percent to $43.4 billion, a drop from a revised $43.6 billion in September, the Commerce Department...

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U.S. Adds The Most Jobs In Nearly 3 Years

December 5, 2014 1:38 pm | by Christopher Rugaber, The Associated Press | Comments

U.S. employers added a whopping 321,000 jobs in November, the biggest burst of hiring in nearly three years and the latest sign that the United States is outperforming other economies throughout the developed world. The Labor Department also said Friday that 44,000 more jobs were...

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GM Closes Opel Plant After 52 Years

December 5, 2014 1:35 pm | by The Associated Press | Comments

The last vehicle has rolled off Opel's production line at its flagship factory in Bochum, which General Motors is shuttering as it restructures its lossmaking European subsidiary. The dpa news agency reported Friday that with the production of the last Opel Zafira compact van, the...

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Gas Prices Below $2 Per Gallon In TX, OK

December 5, 2014 1:30 pm | by Ken Miller, The Associated Press | Comments

Gas has dropped below $2 a gallon at a handful of stations in Oklahoma and Texas this week, a level that a price-watching group says is the lowest in the nation and a bargain that's proven irresistible to some long lines of drivers coming from miles to fill up...

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