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Daily news and top headlines for manufacturing professionals

U.S. Retail Sales Fell In September

October 15, 2014 11:00 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. retail sales retreated in September as purchases of autos, gasoline, furniture, and clothing slowed, a sign that recent job gains have yet to significantly boost consumer spending. The Commerce Department said Wednesday that seasonally adjusted...

NY Factory Growth At Slowest Pace Since April

October 15, 2014 9:27 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

New York manufacturers are growing at the slowest pace in six months as new orders shrink and shipments barely rise. The Federal Reserve Bank of New York said Wednesday that its Empire State Manufacturing index dropped to 6.2 in October, down...

Lifting Oil Exports Ban Would Boost U.S. Manufacturing

October 14, 2014 3:20 pm | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

The manufacturing sector, already a leading component of the U.S. economy, would benefit significantly if the crude oil ban were lifted, according to a new study. This was the finding of a new report, titled Lifting the Curde Export Oil Ban: The Impact on U.S. Manufacturing that was...

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U.S. Indexes Slide, Airlines, Energy Stocks Drop

October 14, 2014 1:23 pm | by Alex Veiga, AP Business Writer | News | Comments

The stock market slumped on Monday, unable to shake off worries of a global economic slowdown and plunging oil prices. Airlines, energy, and materials stocks were amoing the biggest decliners. Stocks are coming off their worst week in more than two years. The downturn...

Converting Plastic Into Oil Could Add $9B To U.S. Economy

October 14, 2014 11:25 am | by American Chemistry Council | News | Comments

Wide-scale deployment of emerging technology that converts used, non-recycled plastics into oil could generate up to $9 billion in annual U.S. economic output and create upwards of 40,000 domestic jobs, according to a report released by the American Chemistry Council. The report...

Light Bulb Manufacturing Comes Back To America

October 13, 2014 5:28 pm | by ABC News | Videos | Comments

America is back to manufacturing light bulbs here at home. Halogen bulbs are now being made in Illinois and Ohio, which means more jobs for Americans. ABC News reports.                     

August Manufacturing Technology Orders Up Slightly

October 13, 2014 5:19 pm | by Association For Manufacturing Technology | News | Comments

August U.S. manufacturing technology orders totaled $356.69 million according to AMT — The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 0.4 percent from July but down 6.0 percent when compared with the total of $379.26 million...

Economics Nobel Winner Shaped Industry Regulation

October 13, 2014 2:52 pm | by Karl Ritter, Nathalie Rothschild, Paul Wiseman, The Associated Press | News | Comments

Frenchman Jean Tirole won the Nobel prize for economics Monday for finding ways to encourage better products and competitive prices in industries dominated by a few companies. Tirole's work is credited with helping shape the deregulation of industries in developed economies...

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Why Oil Price Drop Could Squeeze U.S. Economy

October 13, 2014 2:35 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

If you're a driver, a shipper, or an airline, low oil prices sure feel nice. But there are downsides to the recent plunge in oil prices — for the oil industry and for the economy. Low fuel prices can help boost economic growth by reducing fuel bills and leaving consumers and companies with...

China Surpasses U.S. As World’s Largest Economy

October 13, 2014 9:49 am | by CBS Evening News | Videos | Comments

The International Monetary Fund says China’s surging economic power has surpassed the United States. Senior Business Correspondent Anthony Mason of CBS News reports...             

Is The Trade Deficit Really Bad?

October 10, 2014 11:41 am | by Mike Collins, Author | Blogs | Comments

I think America’s trade deficit is the biggest single obstacle to creating manufacturing jobs or keeping manufacturing jobs in the country. I also agree with Warren Buffet who says, “The U.S. trade deficit is a bigger threat to the domestic economy than either the...

Obama Makes Economic Pitch, Public May Not Agree

October 9, 2014 5:31 pm | by Jim Kuhnhenn and Darlene Superville, The Associated Press | News | Comments

President Barack Obama is all in with his economic pitch. The American public is not. Over the next 27 days, either the public or the president is going to get the message. In a midterm campaign strategy fraught with risk, the White House is betting that Obama's...

Is Currency Manipulation Hurting American Manufacturing?

October 9, 2014 2:25 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

According to author Mike Collins, America’s trade deficit is the single biggest obstacle to creating manufacturing jobs, and to keeping manufacturing jobs in this country. He also agrees with Warren Buffett who says, “The U.S. trade deficit is a bigger threat to the domestic...

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Toledo Nervously Awaits Fate Of Jeep

October 9, 2014 2:01 pm | by John Seewer, The Associated Press | News | Comments

The thought of losing the Jeep Wrangler — a direct descendant of the original olive-drab vehicle that rolled off the assembly line in Toledo on its way to the battlefields of World War II — feels a little bit like losing a family member to those who have spent generations on...

U.S. The Only Major Economy Showing Growth

October 9, 2014 1:21 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Though braced by a resurgent United States, the global economy is under threat from other regions — from Europe and Latin America to China and Japan — where growth is stalling and prospects remain dim.That's the bleak picture facing global finance officials who...

Wholesale Company Stockpiles Rise At Fastest Pace In Months

October 9, 2014 10:45 am | by Christopher S. Rugaber - AP Economics Writer | News | Comments

U.S. wholesale companies restocked their warehouses in August at the fastest pace since April, led by big increases in computers, lumber and furniture. But wholesale sales fell by the most since January. The Commerce Department said Thursday that...

GE To Open Industrial Internet Platform To All Users

October 9, 2014 10:03 am | by The Associated Press | News | Comments

GE today announced it is on track to deliver over $1 billion in incremental revenue this year from more than 40 Industrial Internet offerings, with $1.3 billion in orders, helping customers improve asset performance management (APM) and business operations across...

Applications For U.S. Unemployment Fall To 8 Year Low

October 9, 2014 9:39 am | by Christopher Rugaber, The Associated Press | News | Comments

Slightly fewer Americans sought unemployment benefits last week, pushing the average number of applications in the past month to an eight-year low. The Labor Department said Thursday that weekly applications fell 1,000 to a seasonally adjusted 287,000 in the...

Senate Critic Claims Surveillance Hurts U.S. Economy

October 8, 2014 4:42 pm | by The Associated Press | News | Comments

A leading Senate critic of online surveillance wants the government to stop widespread spying on phone calls, texts, and emails, saying the "digital dragnet" doesn't make the country safer, and only hurts the U.S. economy. "When the actions...

Global Growth Concerns Push U.S. Stocks Lower

October 7, 2014 5:17 pm | by Steve Rothwell, AP Markets Writer | News | Comments

Worries about weakening global growth drove the stock market lower Tuesday. The U.S. economy may be strengthening, but the outlook elsewhere is far less encouraging. On Tuesday the International Monetary Fund trimmed its forecast for global...

Century-Old Company Forced To Close, Lay Off Workers

October 7, 2014 2:30 pm | by The Associated Press | News | Comments

Store Kraft Manufacturing officials say the nearly 100-year-old company is closing and has laid off about 100 workers. The company, which opened in 1920, started as a manufacturer of display cases but recently shifted its focus to electronic kiosks...

Mercedes-Benz Posts Best Quarter In Company's History

October 7, 2014 1:49 pm | by Daimler | News | Comments

Mercedes-Benz posted the strongest sales month in the company’s history to date in September and the first month with customer deliveries of more than 160,000 vehicles (162,746 units, +13.8%). Moreover, with sales from July to September...

Governor Announces Expansion To Help Create Jobs In New York

October 7, 2014 11:58 am | by U.S. Official News | News | Comments

Governor Andrew M. Cuomo announced that Advanced Atomization Technologies, the joint venture between Parker Aerospace and GE Aviation, will expand and update its manufacturing facility and office building to accommodate an increased demand for...

U.S. Industrial Manufacturers Forecast Solid Growth

October 7, 2014 9:49 am | by The Associated Press | News | Comments

Optimism regarding projected company revenue growth increased among U.S. industrial manufacturers during the third quarter of 2014, according to the Q3 2014 Manufacturing Barometer, released today by PwC US.  Survey respondents forecast an average...

Polyester Fiber Company Opening GA Plant

October 6, 2014 2:44 pm | by The Associated Press | News | Comments

A new polyester fiber manufacturing company is opening a facility in northwest Georgia and is expecting to create 114 new jobs. Gov. Nathan Deal said in a statement Monday that PolyTech Fibers is planning to invest more than $12 million over...

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