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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Perry's Tech Startup Fund Is Not All It Seems

July 24, 2014 11:35 am | by Paul J. Weber, Associated Press | Comments

One actually operates in California. Some have stagnated trying to find more capital. Others have listed out-of-state employees and short-term hires as being among the jobs they created. A few have forfeited their right to do business in Texas by not filing tax reports.   

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PHD Introduces Low Cost Lead Screw Electric Linear Solutions

July 24, 2014 11:14 am | by PHD | Comments

PHD, a manufacturer of industrial automation solutions, has announced a new, lower cost lead screw version of its series of PHD Plus™ line of electric cylinders and linear slides. In addition ...          

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Japan Trade Deficit At Record $75B

July 24, 2014 10:58 am | by Elaine Kurtenbach, AP Business Writer | Comments

Japan's trade deficit surged to a record $74.9 billion in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday.             

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Ford 2Q Net Income Rises To $1.3B

July 24, 2014 10:10 am | by Dee-Ann Durbin, AP Auto Writer | Comments

Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years.                

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W.Va. Man Sues GM Over Deadly Crash

July 24, 2014 10:01 am | Comments

A West Virginia man has filed a lawsuit against General Motors Corp., claiming a defective ignition switch in a Chevrolet Cobalt caused a 2006 accident that killed his pregnant wife.                  

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Wal-Mart Names CEO Of U.S. Discount Division

July 24, 2014 9:34 am | Comments

Wal-Mart Stores Inc. says U.S. discount-store chief Bill Simon is stepping down. The world's largest retailer has named the head of its Asian business as his replacement.                      

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Unemployment Aid Applications Drop To 284K

July 24, 2014 9:05 am | Comments

Weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000, the Labor Department said Thursday. That's the lowest reading since February 2006, nearly two years before the Great Recession began.               

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GM 2Q Profit Falls 85 Percent

July 24, 2014 9:00 am | Comments

General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.                        

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China's Factory Index At 18-Month High

July 24, 2014 8:18 am | by Kelvin Chan, AP Business Writer | Comments

China's manufacturing rose in July to its highest level in 18 months, in a sign that mini-stimulus measures to shore up growth in the world's No. 2 economy have taken hold.                

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JFK Returns To Old Look On New Coins

July 24, 2014 8:13 am | by Michael Hill, Associated Press | Comments

Gold coins being stamped at the mint's West Point plant this week portray JFK's famously tousled head of hair a bit fluffier, his part is less severe and his cheeks less chiseled than on the half dollar discontinued in 2001.         

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Report: Female Business Owners Face Gender Gap

July 24, 2014 8:06 am | by Joyce M. Rosenberg, AP Business Writer | Comments

Women who own small business are still far behind their male counterparts when it comes to getting loans and government contracts, a congressional report said Wednesday.                  

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$148M Metal Research Center To Open In Detroit This Fall

July 24, 2014 8:01 am | Comments

The $148 million American Lightweight Materials Manufacturing Innovation Institute is expected to help move cutting-edge metals from research into vehicles, planes and ships used commercially and by the U.S. military.           

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Texas Firm Recalls Compounded Drugs

July 24, 2014 7:56 am | Comments

The Food and Drug Administration is warning doctors not to use compounded drugs from a Texas specialty pharmacy due to risks of contamination.                     

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Head Of Troubled Anthrax Lab Has Resigned

July 24, 2014 7:53 am | Comments

Dozens of CDC workers were potentially exposed to anthrax. No one got sick, but an internal investigation found serious safety lapses, including use of an unapproved sterilization technique and use of a potent type of anthrax in an experiment that did not require a live form of the germ.     

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Reid: Taxpayers Shouldn't Bankroll Companies That Outsource Jobs

July 24, 2014 7:48 am | Comments

"We need to close this indefensible loophole and instead start rewarding the companies that are doing the right thing and bringing jobs back to America," said Sen Debbie Stabenow, D-Mich.             

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NASA Doesn't Have The Money For Big Rockets

July 24, 2014 7:43 am | Comments

NASA doesn't have enough money to get its new, $12 billion rocket system off the ground by the end of 2017 as planned, federal auditors say.                   

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Gov. Walker Got $68K From Companies That Outsourced Jobs

July 23, 2014 2:17 pm | Comments

A recent campaign finance report shows Wisconsin Gov. Scott Walker has received money from at least 11 corporations that outsource jobs to other countries.                 

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GM Issues 6 More Recalls

July 23, 2014 2:11 pm | Comments

The biggest recall announced Wednesday was for just over 414,000 cars and small SUVs for faulty seats. Other problems include incomplete welds on seat brackets, turn signal failures, power steering failures, loose suspension bolts and faulty roof rack bolts.

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IMF Cuts Forecast For U.S. Economic Growth

July 23, 2014 12:44 pm | Comments

The International Monetary Fund has shaved its forecast for U.S. economic growth this year, mostly because of a sharp contraction in the first quarter.                 

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China Detains Meat Seller's Employees

July 23, 2014 12:04 pm | by Joe McDonald, AP Business Writer | Comments

Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.    

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