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Japan Logs Record Trade Deficit In 2014

January 26, 2015 10:32 am | by Elaine Kurtenbach, The Associated Press | News | Comments

Japan's trade deficit ballooned to a record 12.8 trillion yen ($109 billion) last year as a weakening yen pushed the cost of imports higher despite a moderate recovery in exports. Preliminary data from the Finance Ministry released Monday showed Japan's exports rose 4.8 percent to 73.1 trillion...

New Rules Could Open Cuba To Wide Range Of American Trade

January 16, 2015 1:09 pm | by Andy Szal, Real Time Digial Reporter, Manufacturing.net | News | Comments

The Obama administration's new guidelines regarding relations with Cuba take effect today,...

MAPI Foundation Business Index Slips Slightly

January 15, 2015 2:28 pm | by MAPI Foundation | Articles | Comments

The recent robust manufacturing performance should continue in the near-term despite marginal...

Port Officials Accuse Workers Of Stifiling Productivity Amid Labor Dispute

January 13, 2015 1:57 pm | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | Articles | Comments

Officials representing West Coast ports on Monday alleged dockworkers have...

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Labor Unions Intensify Opposition To Emerging Free-Trade Pact

January 13, 2015 4:42 am | by Tom Raum, The Associated Press | News | Comments

Just over two decades after lobbying unsuccessfully against the North American Free Trade Agreement, U.S. labor unions are again voicing strong reservations to a proposed major trade-liberalization deal. At issue now is the Trans-Pacific Partnership, a measure expected to call for lowering or...

Shrinking Foreign Oil Bill Sends U.S. Trade Deficit Lower

January 8, 2015 10:31 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit fell in November to the lowest level in almost a year, thanks to the country's swiftly shrinking thirst for foreign oil. The deficit — imports minus exports — narrowed to $39 billion during the month, down 7.7 percent from a revised October deficit of $42.2 billion, the Commerce Department reported...

U.S. To Resume First Beef Imports From Ireland Since Mad Cow

January 5, 2015 2:16 pm | by The Associated Press | News | Comments

The United States will permit imports of beef from Ireland, the first European Union country allowed to resume sales since the mad cow disease scare over 15 years ago, officials said Monday. Simon Coveney, Ireland's minister for agriculture, food and the marine, issued a statement announcing that access to the...

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ISM: Manufacturing Remains Strong Going Into 2015

January 5, 2015 12:46 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

Economic activity in the manufacturing sector expanded in December for the 19th consecutive month, and the overall economy grew for the 67th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. Manufacturing expanded in December as the PMI...

Automakers End 2014 Strongly, Pushing Some Brands To Records

January 5, 2015 9:44 am | by Tom Krisher, Dee-ann Durbin, AP Auto Writers | News | Comments

Holiday sales, cheap gas prices and low interest rates pushed U.S. auto sales to big gains in December, helping the industry close out a strong year with several brands setting sales records. Fiat Chrysler led the way, selling just over 2 million cars and trucks for a 16 percent increase over...

Hyundai, Kia Brace For Weakest Growth In A Decade

January 2, 2015 9:53 am | by Youkyung Lee, AP Business Writer | News | Comments

Hyundai Motor Co. and its affiliate Kia Motors Corp. are forecasting their weakest growth in yearly car sales in more than a decade as competition intensifies and the global economy slows. Hyundai Motor Group, the world's fifth largest automaker, said Friday the two carmakers aim to sell a combined 8.2 million vehicles this...

How Food Package Manufacturers Keep Pace With Today's Market

December 30, 2014 10:17 am | by Meagan Parrish, Editor, Chem.info | News | Comments

By all indicators, manufacturing in the U.S. has been on the upswing and is expected to keep building momentum into the next  year. For chemical manufacturers, employment is rising after years of decline, capital spending is up, and overall, U.S. chemical output...

Airstream Trailers Can't Keep Up With Demand

December 29, 2014 9:49 am | by Mitch Stacy, The Associated Press | News | Comments

Bob Wheeler still gets the question sometimes when people find out he runs the company that builds those shiny aluminum campers: "Airstreams? They still make those?" Not only are the retro-looking "silver bullet" travel-trailers still being built by...

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Is There A New Life For Cuba's Classic Cars?

December 24, 2014 9:38 am | by E. Eduardo Castillo, Kristen Wyatt, The Associated Press | News | Comments

Dairo Tio cruises the streets of Havana in a gleaming black 1954 Buick with polished chrome highlights and the diesel motor from an electric plant bolted beneath the hood. When the brakes failed in his beautiful Frankenstein of a taxi cab, Tio couldn't work for 15 days as...

Coming Soon To U.S.: Cuba Libre With Cuban Rum

December 23, 2014 2:37 pm | by Jennifer Kay, The Associated Press | News | Comments

U.S. rum aficionados are abuzz over the possibility of mixing a Cuba Libre with authentic Cuban rum, now that they will be able to bring home liquor distilled in the communist nation. Relaxed limits on what licensed U.S. travelers can bring home mean that Americans will be able to enjoy...

U.S. Consumer Sentiment At Highest Point In 8 Years

December 23, 2014 12:40 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

A survey finds U.S. consumers are more optimistic about the economy than at any other time in the past eight years, buoyed by more jobs and falling gas prices. The University of Michigan says its index of consumer sentiment has jumped to 93.6 from 88.8 in November. That's the highest level...

Saudi Arabia Will Not Cut Oil Production

December 23, 2014 12:22 pm | by CNN Money | Videos | Comments

Saudi Arabia's Oil Minister, Ali al-Naimi, tells John Defterios in an exclusive interview with CNN Money that his country is not conspiring to target U.S. and Russian oil producers by not cutting production...      

MAPI Analysis On Durable Goods Drop

December 23, 2014 12:06 pm | by Daniel J. Meckstroth, Vice President, Chief Economist, MAPI | News | Comments

The Census Bureau reports today that new orders for durable goods in November fell 0.7%, following 0.3% growth in October and 0.7% decline in September. Defense order fell 11% in November which, if excluded, meant that nondefense durable goods orders declined 0.1%. The industry detail shows a...

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Oil Patch Towns Looking To Catch Up With Demands

December 23, 2014 10:03 am | by The Associated Press | News | Comments

City officials in the North Dakota oil patch say they are forging ahead with housing and infrastructure projects, despite an expected downturn in drilling in the next year. Watford City Mayor Brent Sanford said development and land sales are not slowing down because housing needs for...

Senator Moran: Obama Can Ease Regulations On Wheat Exports To Cuba

December 22, 2014 11:22 am | by Roxana Hegeman, The Associated Press | News | Comments

President Barack Obama's announcement this week to normalize diplomatic relations with Cuba and ease some economic restrictions has been closely followed in Kansas, as the move could open up a major market for winter wheat producers. "This is a Kansas issue because wheat is Cuba's second...

Cuban Cigar Boom? Not Yet

December 22, 2014 10:01 am | by Rachel La Corte, Kelli Kennedy, T he Associated Press | News | Comments

The coveted Cuban cigar is set to make its first legal appearance in the U.S. in years, with relaxed guidelines allowing American travelers to return with a few of the once-forbidden items in their suitcases. But the cigars won't roll into stores just yet, and owners say they aren't worried about any dip in business. "I don't think they'll be...

U.S. Agriculture Has Big Appetite For Cuba Trade

December 19, 2014 10:04 am | by Steve Karnowski, The Associated Press | News | Comments

U.S. agriculture has a big appetite for freer trade with Cuba. From wheat to rice to beans, the industry stands to be one of the biggest beneficiaries of President Barack Obama's plan to ease economic and travel restrictions imposed against the communist-ruled island. Agricultural exports have been among the...

Manufacturing Growth Slows In Philadelphia Region

December 18, 2014 1:47 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Manufacturing in the Philadelphia region grew at a much slower pace in December compared with the previous month. But the drop came after factory activity reached its highest levels in 21 years in November. The Federal Reserve Bank of Philadelphia says its index of regional factory activity...

Amazon Launches One Hour Shipping In Manhattan

December 18, 2014 12:19 pm | by The Associated Press | News | Comments

Amazon says it is offering one-hour delivery of thousands of basic products to its Prime customers in Manhattan. The online retail giant rolled out the service, known as Prime Now, to select areas of Manhattan on Thursday. It provides delivery of household products like paper towels, shampoo, books, toys...

Sony Cyberattack May Be Costliest Ever

December 18, 2014 11:40 am | by Bernard Condon, Eric Tucker, Mae Anderson, The Associated Press | News | Comments

The unprecedented hack of Sony Pictures which a U.S. official says is linked to North Korea may be the most damaging cyberattack ever inflicted on an American business. The fallout from the hack that exposed a trove of sensitive documents, and this week escalated to threats of terrorism, forced Sony to...

OR Certifies Recount Results: GMO Labels Lost

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

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

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

Chrysler Group LLC Changes Its Name

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

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...

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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