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Daily news and top headlines for manufacturing professionals

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...

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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...

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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...

Key Indicators Of Japanese Automakers' Economic Contributions To U.S. Reach Record Highs

October 6, 2014 2:22 pm | by The Associated Press | News | Comments

Today, the Japan Automobile Manufacturers Association (JAMA) USA office released new 2013 figures showing record-high economic contributions to the United States. The 2013 key data highlights significant increases in Japanese-branded automobile...

HP Splits PC, Printer Companies

October 6, 2014 9:51 am | by The Associated Press | News | Comments

Hewlett-Packard is splitting itself into two companies, one focused on its personal computer and printing business and another on technology services, such as data storage, servers, and software, as it aims to drive profits higher. Hewlett-Packard, like...

3M Plant To Receive About $2M In Tax Incentives

October 4, 2014 6:41 pm | by The Associated Press | News | Comments

South Dakota's tax policies and economic incentives were key in persuading The 3M Company to invest $70 million to expand its Brooking plant between now and 2018, the governor and company officials said this week at a ceremony announcing the project. The Minnesota-based company announced Friday...

Reno Industrial Market Growing Before Tesla

October 3, 2014 3:45 pm | by Scott Sonner - Associated Press | News | Comments

Word that Tesla Motors was interested in locating its giant battery factory near Reno apparently jumpstarted a business migration to the region long before the electric car maker made the decision official. The Reno-Sparks industrial market set a record for square footage leased or sold over the...

MO Manufacturing Plant Closing

October 3, 2014 1:11 pm | by The Associated Press | News | Comments

A manufacturing plant in West Plains will close soon, costing the south Missouri town about 400 jobs.The Ozark Radio Network reports employees of Robertshaw were told Thursday that the plant would close in January and is expected to be... 

VIDEO: I Am A Manufacturing Voter, Are You?

October 3, 2014 12:46 pm | by National Association of Manufacturers | Videos | Comments

The National Association of Manufacturers (NAM) today released a new video to inspire voters to make their voices heard in the upcoming elections. NAM Senior Vice President of External Relations Ned Monroe unveiled the video at the...  

Shell Brings Attention To Manufacturing Day

October 3, 2014 11:56 am | by Shell Lubricants | News | Comments

On October 3, 2014, manufacturers around the nation will open their doors to the public and host events highlighting the importance of manufacturing to people’s everyday lives.  Recognizing the importance of the grassroots initiative known as...

U.S. Trade Deficit Drops To $40.1B In August

October 3, 2014 11:50 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit shrank for the fourth straight month in August, falling to the lowest level since January as exports rose to an all-time high.The deficit dropped 0.5 percent in August to $40.1 billion, compared to a revised $40.3 billion in July, the...

U.S. Unemployment Rate Falls Lowest In 6 Years

October 3, 2014 8:43 am | by Christopher S. Rugaber - AP Economics Writer | News | Comments

U.S. employers added 248,000 jobs in September, a burst of hiring that helped drive down the unemployment rate to 5.9 percent, the lowest since July 2008. The Labor Department report Friday also showed that employers added 69,000 more jobs in July and August than the government had previously...

Obama Highlights Nation's Manufacturing Gains

October 3, 2014 4:44 am | by Jim Kuhnhenn - Associated Press | News | Comments

President Barack Obama is putting a manufacturing focus on his revived economic message, calling attention to industrial gains that have helped restore some higher-wage jobs during the recovery from the Great Recession. Obama was to visit a steel manufacturer Friday in Princeton, Indiana, as part...

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