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Low Oil Prices Are Here To Stay

March 5, 2015 | by Maura Falk, Associate Editor | Comments

Exxon Mobil CEO Rex Tillerson has offered his opinion on oil prices, and he thinks they are here to stay. “People need to settle in for a while,” he explains. According to Tillerson, the price of oil will remain low for the next two years due to abundant supply and relatively low economic growth...

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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Applications For U.S. Jobless Aid Inch Up To A 10-Month High

March 5, 2015 1:44 pm | by Christopher S. Rugaber, The Associated Press | Comments

The number of people seeking unemployment benefits rose last week to the highest level since May, though the pace of applications remains at a level consistent with steady hiring. Weekly applications rose 7,000 to a seasonally adjusted 320,000, the Labor Department said...

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Top Senate Republican Tells States: Ignore EPA Carbon Rules

March 5, 2015 1:40 pm | by Dina Cappiello, The Associated Press | Comments

The Senate's top Republican is telling states to ignore a central part of President Barack Obama's plans to curb the pollution blamed for global warming. In an op-ed published Tuesday in the Lexington Herald-Leader, Majority Leader Mitch McConnell of Kentucky says states should reject...

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Controversy Surrounds Proposed Washington State Oil Terminal

March 5, 2015 1:35 pm | by Andy Szal, Digital Reporter | Comments

The latest spat over transporting ever-increasing amounts of crude oil around the country now centers on the Pacific Northwest. San Antonio-based petroleum company Tesoro Corp. and Utah supply chain firm Savage Companies back the Vancouver Energy Project, a proposal to construct...  

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Toyota Names First Woman Executive

March 5, 2015 12:13 pm | by Andy Szal, Digital Reporter | Comments

Toyota announced that Julie Hamp will lead the Japanese automaker's global communications efforts, reportedly making her the first female executive in company history. Hamp, an American who previously led the company's North American communications, will be based in Tokyo and report to senior managing...

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Unions Lobby Against Giving Obama Trade Authority

March 5, 2015 10:11 am | by Andy Szal, Digital Reporter | Comments

More than 400 union workers planned to lobby lawmakers Wednesday against giving the Obama administration heightened power to negotiate trade agreements. Amid ongoing talks over trade pacts with Pacific Rim nations and Europe, the White House sought Trade Promotion...

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U.S. Productivity Falls At Faster Pace, Labor Costs Rise

March 5, 2015 10:03 am | by Martin Crustinger, AP Economics Writer | Comments

U.S. worker productivity was even weaker than first thought from October through December while labor costs rose at a faster rate. Productivity declined at an annual rate of 2.2 percent in the fourth quarter, weaker than the 1.8 percent drop that was estimated a month ago, the Commerce Department...

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Fallout From Formaldehyde Scandal Continues For Lumber Liquidators

March 5, 2015 9:52 am | by Meagan Parrish, Editor, Chem.Info | Comments

Sen. Bill Nelson (D-Florida) is urging a federal investigation of Lumber Liquidators after a news report last Sunday showed how the company has been selling Chinese-manufactured flooring with higher-than-acceptable levels of formaldehyde. The senator sent a letter to several federal agencies...

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China Lowers Growth Target, Promises To Open Industries

March 5, 2015 9:38 am | by Joe McDonald, AP Business Writer | Comments

China set a lower economic growth target for this year and promised to open more industries to foreign investors as it tries to make its slowing, state-dominated economy more productive. The growth target of about 7 percent, down from last year's 7.5 percent, is in line with efforts to create...

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Senate Votes To Scrap Union Election Rule

March 4, 2015 3:17 pm | by Andy Szal, Digital Reporter | Comments

The U.S. Senate voted Wednesday to reject a federal rule aimed at shortening the window between a union election petition and the start of voting by workers. The National Labor Relations Board adopted the revised policy late last year after a federal court ruling struck...

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Judge OKs $415M Settlement In Tech Lawsuit

March 4, 2015 3:15 pm | by The Associated Press | Comments

A federal judge has tentatively approved a $415 million settlement in a major class action lawsuit by Silicon Valley workers who accused Apple Inc., Google Inc. and other tech companies of making an illegal agreement not to hire each other's employees. Judge Lucy Koh had...

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Engineers Rigged This Dreamliner Jet Engine With Parts Made From Amazing Ceramics

March 4, 2015 3:06 pm | by GE Reports | Comments

Engineers at jet engine proving grounds in Ohio are using a jet engine GE developed for Boeing’s Dreamliner to test engine parts made from a new ceramic super-material. The material could help pave the way to more fuel efficient planes. The temperatures inside...

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Manufacturing Snapshot of the Week: Mobile World Congress

March 4, 2015 3:02 pm | by Bridget Bergin, Associate Editor | Comments

Check out one of our favorite images from the world's largest annual mobile technology gathering.                         

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Natural Gas Prices Prompt Dow Expansion Plans

March 4, 2015 2:15 pm | by Andy Szal, Digital Reporter | Comments

Dow Chemical will spend $6 billion to expand manufacturing plants in Texas and Louisiana amid expectations of continued low domestic natural gas prices. Doug May, an executive with the Michigan-based chemical giant, told a Chicago audience that the company anticipates the U.S. natural gas...

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Survey: U.S. Businesses Add 212K Jobs In February

March 4, 2015 2:11 pm | by Christopher S. Rugaber, AP Economics Writer | Comments

U.S. businesses added more than 200,000 jobs in February for the 13th straight month, a private survey found. It was the latest sign that strong hiring should boost the economy this year. Payroll processor ADP said Wednesday that companies added 212,000 jobs last month, a solid gain, though...

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By The Numbers: 2014 Record Year For Auto Recalls

March 4, 2015 2:07 pm | by Jon Minnick, Associate Editor | Comments

The U.S. government’s list of automakers with the most recalled vehicles in 2014 was topped by General Motors and Honda. Combined, the two companies accounted for more than half of the record 64 million vehicles recalled. GM had 78 separate recalls pushing them to the No. 1 spot in the biggest year for recalls...

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McDonald's To Use Chicken Without Human Antibiotics

March 4, 2015 11:17 am | by Candice Choi, AP Food Industry Writer | Comments

McDonald's says it plans to start using chicken raised without antibiotics important to human health and milk from cows that are not treated with the artificial growth hormone rbST. The company says the chicken change will take place within the next two years. It says suppliers...

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Minnesota Republican Knocks Wisconsin Right-To-Work Proposal

March 4, 2015 10:33 am | by Andy Szal, Digital Reporter | Comments

Wisconsin Gov. Scott Walker recently pledged that by the end of this week his state would become the 25th to have a "right-to-work" law on the books. But despite widespread support in Wisconsin's Republican-controlled Legislature and the endorsement...

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Google Unveils ‘Project Titan’

March 4, 2015 10:26 am | by Jon Minnick, Associate Editor | Comments

Monday at the Mobile World Congress currently convening in Barcelona, Google announced the company’s plans for Titan, the drone company that Google acquired last year. Similar to the goal of Google’s ‘Project Loon,’ the Titan drones have the ability to stay aloft for long periods...

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Visa, MasterCard Moving Into Mobile Pay In Africa

March 4, 2015 10:24 am | by Ken Sweet, AP Business Writer | Comments

Americans may just be getting used to mobile pay, but consumers in many African countries have been paying with their phones for years. Now payment processors Visa and MasterCard want to get a slice of that market, and are launching card services aimed at Africa's growing...

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Takeaways From Grainger Show 2015

March 4, 2015 10:16 am | by Kari Imberg, Associate Editor | Comments

What started as a small sales meeting in Orlando, FL. more than a decade ago has since turned into the continuously expanding Grainger Show. In its eleventh year, the tradeshow brought together thousands of the mega-distributor’s customers, suppliers...

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