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Daily news and top headlines for manufacturing professionals

Minnesota Sheds Jobs; July Unemployment At 4.5%

August 14, 2014 2:31 pm | by The Associated Press | News | Comments

Minnesota has experienced a loss of 4,200 jobs in July but its seasonally adjusted unemployment rate remains at 4.5 percent. State officials provided the figures Thursday. They also say 3,600 fewer jobs were added in June than ...    

Walmart Cuts Profit Outlook

August 14, 2014 10:57 am | by Anne D'Innocenzio, AP Retail Writer | News | Comments

Wal-Mart Stores Inc. cut its annual profit outlook on Thursday as the world's largest retailer faced another quarter of sluggish sales and traffic declines. Wal-Mart eked out a 0.6 percent increase in second-quarter profit and reported that ...

Natural Gas Plant in Western KY Canceled

August 14, 2014 10:19 am | by The Associated Press | News | Comments

Kentucky Utilities and Louisville Gas & Electric have announced that plans for a natural gas power-generating plant in western Kentucky won't go forward. The Messenger-Inquirer reports the utilities announced on Tuesday that they were ...

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China Panel Fires Adviser Over Ties To Qualcomm

August 14, 2014 10:14 am | by Joe McDonald, AP Business Writer | News | Comments

A panel that advises China's Cabinet on anti-monopoly policy has fired an economist who was paid to help prepare a report for Qualcomm, a U.S. company that is the target of a pricing investigation ...          

Lenovo Profit Up On Mobile Growth

August 14, 2014 10:09 am | by Joe McDonald, AP Business Writer | News | Comments

Lenovo Group, the world's biggest personal computer maker, said Thursday its latest quarterly profit rose 23 percent on strong growth in sales of smartphones and other mobile devices. The company said ...         

DuBois Chemicals Acquires Angler Industries

August 13, 2014 12:03 pm | by The Associated Press | News | Comments

DuBois Chemicals, Inc. has completed the acquisition of Angler Industries in Sterling, CT. The acquisition is a natural extension of the DuBois strategy to provide complete cleaning, metal working and surface treatment solutions for it’s diverse industrial customer base. The Angler acquisition will ...

U.S. Businesses Boosted Stockpiles 0.4 Pct. In June

August 13, 2014 10:29 am | by Martin Crutsinger - AP Economics Writer - Associated Press | News | Comments

U.S. businesses added to their stockpiles at a slightly slower pace in June compared with May, possibly reflecting weaker sales in the past two months. Business stockpiles increased 0.4 percent in June on a seasonally adjusted basis after a 0.5 percent gain in May, the Commerce Department said...

Budget Deficit Running 24.2 Pct. Below 2013

August 13, 2014 10:26 am | by Martin Crutsinger, AP Economics Reporter | News | Comments

The federal government ran a lower deficit this July than a year ago, keeping it on course to record the lowest deficit in six years. The July deficit was $94.6 billion, an improvement of ...          

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Deere Takes A Hit

August 13, 2014 10:22 am | by The Associated Press | News | Comments

Deere's third-quarter profit fell 15 percent and the farming equipment maker believes that the same weak sales at home and abroad will cut into earnings for the entire year. Chairman and CEO Samuel Allen said Wednesday that the company will ...

GE To Invest Billions In Africa's People, Infrastructure, Manufacturing

August 13, 2014 10:19 am | by GE Reports | News | Comments

People come to Durban, South Africa, for its beaches, sunny climate and busy nightlife. But visitors interested in the future of Africa come for another reason. A few miles outside the city is the ...         

Challenges & Strategies For Women Pursuing STEM Careers

August 13, 2014 10:11 am | by University of Cincinnati | News | Comments

As a national push continues to recruit talented girls and young women into math- and science-related careers, a new study underlines the importance of mentoring and other social support systems for ...        

U.S. Job Openings In June Hit 13-Year-Plus High

August 12, 2014 11:28 am | by Josh Boak - AP Economics Writer - Associated Press | News | Comments

U.S. employers in June advertised the most monthly job openings in more than 13 years. Employers posted 4.67 million jobs in June, up 2.1 percent from May's total of 4.58 million, the Labor Department reported Tuesday. The number of advertised openings was the highest since February 2001, a...

Manufacturing Technology Orders Rise In June

August 12, 2014 10:22 am | by The Association For Manufacturing Technology | News | Comments

June U.S. manufacturing technology orders totaled $405.73 million according to the Association For Manufacturing Technology (AMT). This total, as reported by companies participating in the USMTO program, was up 12.6 percent from May but down ...

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Officials: Corporate Tax Case Could Cost Michigan

August 8, 2014 2:09 pm | News | Comments

A recent Michigan Supreme Court ruling in favor of IBM in a corporate tax case could cost the state more than $1 billion — an amount that could have a "budget-busting" impact, according to the state's attorney general.                   

Wholesale Inventories Rise In June

August 8, 2014 11:36 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. wholesalers restocked their warehouses at a modest pace in June for a second straight month, a sign they may anticipate slower growth ahead.                   

Productivity Recovers After Steep 1Q Fall

August 8, 2014 8:55 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. workers were more productive in the April-June quarter and labor costs rose slightly, a sharp turnaround from grim first-quarter figures.                    

German Firm Cuts Outlook After Russia Deal Nixed

August 7, 2014 8:35 am | by The Associated Press | News | Comments

German defense and auto parts company Rheinmetall has cut its earnings forecast after the government revoked permission for it to deliver a field exercise simulator to the Russian military. The company says it's exploring legal options to ...

Putin Orders Import Limits Over Sanctions

August 6, 2014 4:50 pm | by Jim Heintz, Associated Press | News | Comments

President Vladimir Putin has ordered government agencies to restrict imports of food and agricultural products from the countries that have imposed sanctions against Russia over the conflict in Ukraine.         

Trade Gap Narrows To Lowest Level In 5 Months

August 6, 2014 3:50 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The U.S. trade deficit fell in June to its lowest level since January as imports dropped sharply, led by lower shipments of cellphones, petroleum, and cars.                  

Is The U.S. Headed In The Right Direction?

August 6, 2014 3:45 pm | by Jennifer Agiesta, Associated Press | News | Comments

Three-quarters of Americans doubt the federal government will address the important problems facing the country this year, according to a new Associated Press-GfK poll.                   

Obama Seeks Executive Ways To Limit Tax Inversions

August 6, 2014 3:23 pm | by Josh Lederman, Associated Press | News | Comments

Aiming to sidestep a logjam in Congress, the Obama administration is looking for steps it could take on its own to prevent American companies from ...                          

Toyota Pledges $1M Toward Detroit Bankruptcy Deal

August 6, 2014 11:05 am | News | Comments

Toyota has pledged $1 million toward the Detroit Institute of Arts' goal to raise $100 million to prevent the sale of art in Detroit's bankruptcy and help city pensioners.                   

Ingersoll Rand Acquires Assets of Energy Equipment and Supply

August 5, 2014 1:28 pm | News | Comments

Ingersoll Rand has announced it has acquired the assets of Energy Equipment and Supply Inc., an Ingersoll Rand Master Distributor based in Casper, Wyo. Energy Equipment and Supply Inc. sells compressed air and gas equipment, parts and services ...

Obama: U.S. Companies To Invest $14B In Africa

August 5, 2014 11:53 am | by Julie Pace, AP White House Correspondent | News | Comments

The Obama administration on Tuesday announced $14 billion in commitments from U.S. businesses to invest in Africa, as representatives from nearly 100 American and African companies gathered in Washington to discuss ways to ...     

U.S. Factory Orders Rise 1.1 Percent In June

August 5, 2014 10:30 am | by Josh Boak - AP Economics Writer - Associated Press | News | Comments

Orders to U.S. factories increased in June, led by demand for aircraft, industrial machinery and computers and electronics. Orders rose a seasonally adjusted 1.1 percent compared to the previous month, the Commerce Department reported Tuesday. Factory orders ...

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