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Daily news and top headlines for manufacturing professionals

Audit Finds Failed Sugar Mill Cost Taxpayers $71M

July 14, 2014 12:10 pm | by Melinda Deslatte, Associated Press | News | Comments

Louisiana lost more than $71 million in taxpayer money on a failed sugar cane mill in Jefferson Davis Parish that was sold for scrap late last year, according to an audit released Monday.           

White House Says 2014 Deficit To Drop To $583B

July 14, 2014 7:48 am | by Andrew Taylor, Associated Press | News | Comments

The government's budget deficit will drop to $583 billion this year, the lowest level of President Barack Obama's tenure, the White House said.                           

China Accused Of 'Gluttonous, Naked Aggression'

July 11, 2014 2:10 pm | by Matthew Pennington, Associated Press | News | Comments

"Any military in the world that uses its power to bully, intimidate and destabilize the economy of the world, is not in the United States' best interests, nor of our allies nor our friends," Rep. Rogers said.          

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Manufacturing.net Rewind: Another Michigan City In Trouble; Boeing Checks Plane Parts

July 11, 2014 12:48 pm | News | Comments

Check out some of this week's top headlines from across Manufacturing.net, from the financial struggles of the birthplace of GM to a train accident that damaged six Boeing commercial airplane bodies.               

Economists Lower U.S. Growth Forecasts

July 11, 2014 11:37 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter.            

Chinese Export Growth Edges Up To 7.2 Percent

July 10, 2014 3:27 pm | by Kelvin Chan, AP Business Writer | News | Comments

China's export growth edged higher in June in a small sign of improvement for the world's second biggest economy as it undergoes an uneven recovery.                 

France Pleads For New EU Economic Strategy

July 10, 2014 1:03 pm | News | Comments

France's economy minister is blaming European authorities for the lack of growth in France and Europe, and says it's time for a new economic policy that shuns austerity measures.            

Unemployment Aid Applications Fall To 304K

July 10, 2014 8:53 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Fewer people sought U.S. unemployment benefits last week, driving down the level of applications to nearly the lowest in seven years.                     

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Is Washington Broken?

July 9, 2014 2:38 pm | by Josh Lederman, Associated Press | News | Comments

To hear President Barack Obama describe it, there's a creeping case of cynicism setting in across the country, leading Americans to suspect that not only is Washington broken, it's beyond fixing.           

China: It's Up To U.S. To Drive Global Economy

July 9, 2014 10:27 am | by Louise Watt, Associated Press | News | Comments

Lou pointed out that the U.S. economy shrank at a 2.9 percent annual rate from January to March — largely because of a brutal winter — and said China hopes the U.S. "can take measures to ensure the momentum of growth."           

Birthplace Of GM Mulls Bankruptcy

July 9, 2014 7:46 am | by Jeff Karoub, Associated Press | News | Comments

Flint, which was the birthplace of General Motors and once had 200,000 residents, also has suffered a spectacular drop in population and factory jobs and a corresponding rise in property abandonment, much like its insolvent big brother an hour's drive south.

U.S. Companies Post Most Jobs In 7 Years

July 8, 2014 11:01 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. employers advertised more jobs in May than in any month in the past seven years, a sign that this year's strong hiring trend is likely to continue.                     

5 Factors That Helped The U.S. Economy

July 7, 2014 2:29 pm | by Paul Wiseman, AP Economics Writer | News | Comments

Five full years after a devastating recession officially ended, the economy is finally showing the vigor that Americans have long awaited.                        

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Most Union Members Have Ties To Gov't

July 7, 2014 2:21 pm | by Tom Raum, Associated Press | News | Comments

"The basic structure of the labor union movement has changed, reflecting changes in the economy," said Ross Baker, a political science professor at Rutgers University. "Manufacturing is a diminishing segment of the economy. Also, a lot of the manufacturing that's being done today is being done nonunion."

China Premier: Country's Economy Improving

July 7, 2014 8:35 am | News | Comments

China's economy improved in the latest quarter but faces "downward pressure," and Beijing will increase the strength of targeted policy measures to shore up growth, the country's premier said Monday.           

32 States Trail U.S. In Job Recovery

July 2, 2014 2:43 pm | by Paul Wiseman, AP Economics Writer | News | Comments

Five years after the Great Recession officially ended, most states still haven't regained all the jobs they lost, even though the nation as a whole has.                  

ISM: Manufacturing On Solid Ground For The Rest Of 2014

July 2, 2014 12:40 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Articles | Comments

Holcomb indicates that there aren’t any specific concerns facing manufacturing right now and that the opposite is more likely. Business volumes are stable and are getting stronger, depending upon the specific industry, but all pointing in the right direction.

Small Business Owners Learn Recession Lessons

July 2, 2014 12:24 pm | by Joyce M. Rosenberg, AP Business Writer | News | Comments

Many owners whose businesses failed during the recession have taken the plunge again, restarting or opening new businesses, but they're not repeating past mistakes. Their companies are leaner, smarter and less risky.              

Factory Orders Slide In May

July 2, 2014 10:41 am | by Paul Wiseman, AP Economics Writer | News | Comments

The Commerce Department reports that orders fell 0.5 percent, pulled down by falling demand for military and transportation equipment. That followed increases of 0.8 percent in April, 1.5 percent in March and 1.7 percent in February.             

Eurozone Unemployment Remains High

July 2, 2014 8:24 am | by Toby Sterling, Associated Press | News | Comments

A full year since emerging from recession, the stuttering economy of the 18-country eurozone is still unable to create enough jobs to make a significant dent in the unemployment rate.               

Survey: Midwest, Plains Economy Growing

July 2, 2014 8:08 am | News | Comments

The economy in nine Midwestern and Plains states should continue growing steadily in the months ahead, according to a monthly survey of business leaders released Tuesday.              

California Raises Minimum Wage

July 2, 2014 7:45 am | by Judy Lin, Associated Press | News | Comments

California's minimum wage will rise to $9 an hour when a new law takes effect and provides workers with the first such increase since 2008.                          

Chinese Manufacturing Grows For 1st Time In 6 Months

July 2, 2014 7:41 am | News | Comments

Weakness in manufacturing has posed a challenge to Chinese leaders' efforts to nurture growth based on domestic consumption and reduce reliance on trade and investment.                

U.S. Manufacturing Expands More Slowly In June

July 1, 2014 12:33 pm | by Paul Wiseman, AP Economics Writer | News | Comments

The Institute for Supply Management said Tuesday that its manufacturing index dipped to 55.3 in June from 55.4 in May. Any reading higher than 50 signals that manufacturing is growing.                  

Can E-Cigarettes Save Smokers Money?

June 30, 2014 2:11 pm | by Michael Felberbaum, AP Tobacco Writer | News | Comments

It's difficult to say yet if electronic cigarettes are less harmful than regular fire-and-tobacco smokes, but they can save smokers hundreds or even thousands of dollars a year.                 

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