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Daily news and top headlines for manufacturing professionals

Applications For U.S. Unemployment Rise To 293K

September 25, 2014 9:51 am | by Christopher Rugaber, The Associated Press | News | Comments

The number of people seeking U.S. unemployment benefits increased last week after falling sharply two weeks ago. Despite the rise, the level of applications remains near pre-recession levels, a sign that hiring will likely remain healthy. Weekly unemployment benefit applications rose...

Durable Goods Fell 18.2 Percent In August

September 25, 2014 8:45 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Business orders for long-lasting manufactured goods fell by a record amount in August, dragged lower by a plunge in demand for commercial aircraft. But orders in a key category that tracks business investment plans posted a gain. The Commerce Department says that orders for durable goods fell...

India Launches Campaign To Boost Manufacturing

September 25, 2014 7:45 am | by The Associated Press | News | Comments

India's prime minister has launched a campaign to entice investment and promote the country as the world's next cheap labor economy. The "Make in India" campaign is as much a slick marketing campaign as it is a promise to streamline bureaucracy and make India investor friendly. Prime Minister...

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Ford To Add 1,200 Workers At MO Plant

September 25, 2014 12:44 am | by The Associated Press | News | Comments

Ford Motor Co. said Thursday that it's adding 1,200 workers and another shift to a Missouri plant that makes its new Transit van. The Transit arrived at dealerships in June, but so far only 2,085 have been sold through August, according to Autodata Corp. However, demand has been gradually...

Great Northern Paper Files For Bankruptcy

September 23, 2014 4:39 pm | by The Associated Press | News | Comments

Great Northern Paper Co. LLC has filed for bankruptcy. The Portland Press Herald reports that the company, which has faced significant financial challenges for years, filed for Chapter 7 bankruptcy Tuesday. The move may allow the company to pay its...

PMI For July Is Highest Since April 2011

September 23, 2014 11:43 am | by Tia Nowak, Associate Editor, IMPO | News | Comments

Economic activity in the manufacturing sector expanded in July for the 14th consecutive month, and the overall economy grew for the 62nd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. Manufacturing expanded...

Groundbreaking Planned For Arkansas Steel Mill

September 22, 2014 11:57 am | by The Associated Press | News | Comments

Officials will break ground Monday on a $1.3 billion steel mill that's promised to be an economic boon for northeast Arkansas.A groundbreaking ceremony is set for 10 a.m. Monday near Osceola, where the Big River Steel mill is being built. The project is expected to bring about...

California Unemployment Rate Stays At 7.4 Percent

September 19, 2014 1:55 pm | by The Associated Press | News | Comments

California's unemployment rate was unchanged for a third month, holding at 7.4 percent in August, officials said Friday.The state added 44,200 nonfarm jobs during the month, bringing the total to 15.5 million, the California Emloyment Development Department...

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Ohio Unemployment Rate Unchanged For August

September 19, 2014 9:52 am | by The Associated Press | News | Comments

Ohio's unemployment rate for August was unchanged from the previous month, according to state statistics released Friday. The Ohio Department of Job and Family Services said last month's 5.7 percent unemployment rate was identical to July's, with overall non-agricultural employment increasing by...

NAM Welcomes Extension Of Internet Tax Moratorium

September 19, 2014 9:40 am | by National Association of Manufacturers | News | Comments

National Association of Manufacturers Vice President of Tax and Domestic Economic Policy Dorothy Coleman issued this statement thanking Congress for including the ban on taxing Internet access in the continuing resolution approved this...

Alibaba Poised To Surge On The NYSE

September 19, 2014 9:32 am | by Mae Anderson, The Associated Press | News | Comments

Chinese e-commerce powerhouse Alibaba's began trading on the New York Stock Exchange today in a highly anticipated debut that could raise up to $25 billion. The company priced its initial public offering of stock Thursday evening at $68 per share, the top end of the expected...

The Manufacturing Day 'Challenge'

September 18, 2014 12:38 pm | by Anna Wells, Executive Editor, IMPO | Articles | Comments

Every year around election season, it seems manufacturing becomes the topic du jour. Recently, U.S. Senator Chris Coons’ (D-Del.) office announced a bipartisan bill designed to help schools strengthen their engineering programs to meet the growing...

Deconstructed Locomotive Will Power Nigeria’s Economy

September 18, 2014 12:07 pm | by GE Report | News | Comments

Nigeria has fast become Africa’s largest economy, but its infrastructure is still lagging. The electrical grid is so unpredictable that many businesses use natural gas to produce their own power. But that’s not enough. Sand and water often clog up pipelines and idle generators...

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Nestle Creates 8K New Positions In Europe

September 18, 2014 11:48 am | by John Heilprin, Associated Press | News | Comments

Some 200 companies on Thursday pledged to create new work and training opportunities for Europe's young jobseekers, of which one out of four is unemployed.The alliance of major companies, including Nestle and Google, aims to create tens of thousands additional...

Dayton Leaders Considering Tax Deal For Medical Device Facility

September 18, 2014 11:36 am | by Cornelius Frolik | News | Comments

The owners of a medical-device manufacturing company plan to build a multimillion-dollar facility in north Dayton, creating at least 50 middle-class jobs within about two years. KBK Eight Properties wants to construct a 75,000-square-foot facility in...

How Technology is making Manufacturing Profitable … Again

September 18, 2014 10:56 am | by Hitachi Solutions, Microsoft & T.D. Williamson | Webinars

Our HItachi Solutions sponsored webinar features a panel of industry experts breaking down and analyzing many of the factors driving manufacturing growth, including among other things, the wide-spread implementation of cloud computing.

UPS Begins Hiring For 2014 Holiday Season

September 18, 2014 9:24 am | by UPS | News | Comments

UPS® announced today that it expects to hire between 90,000-95,000 seasonal employees to support the anticipated holiday surge in package deliveries that will begin in October and continue through January 2015. The company is gearing up...

U.S. Economic Rebound Slow To Reach Philadelphia

September 18, 2014 12:41 am | by Hope Yen - Associated Press | News | Comments

The nation's economic recovery has been slow to reach the Philadelphia metropolitan area, hurt in part by an exodus of residents and a continued collapse in mid-wage jobs, new census data show. Across the U.S., many metropolitan areas saw declines in median household income from 2010 to 2013,...

5 Things Small Businesses Need To Know This Fall

September 17, 2014 1:44 pm | by Joyce M. Rosenberg - AP Business Writer | News | Comments

What do small business owners need to pay attention to this fall? Heath care, Internet Security and new technology make the list. Here are five things that small businesses need to be on top of over the next several months...   

MAPI Quarterly U.S. Industrial Outlook: Broad-Based Growth

September 17, 2014 10:07 am | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

U.S. manufacturing is poised for steady growth through 2016, according to the MAPI Foundation’s U.S. Industrial Outlook, a quarterly report that analyzes 27 major industries. The MAPI Foundation is the research affiliate of the Manufacturers Alliance for Productivity and Innovation. Manufacturing industrial production increased at a 4 percent annual rate in the...

Financial Markets Awaiting News On Interest Rate Increase

September 17, 2014 12:44 am | by Martin Crutsinger - AP Economics Writer | News | Comments

Financial markets are awaiting the end of a Federal Reserve meeting Wednesday to see whether the Fed sends any clearer signal about the timing of an interest rate increase. The phrase that investors will be alert for is "considerable time." The presence or absence of those two words is viewed as...

Business Roundtable Says U.S. CEOs Less Optimistic About Spending, Hiring

September 16, 2014 4:46 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Optimism among chief executives at the largest U.S. companies fell in the July-September quarter after reaching a two-year high in the previous quarter. The Business Roundtable said Tuesday that its CEO outlook index fell to 86.4 in the third quarter, down from 95.4 in the April-June period. Fewer CEOs expect to...

New York Manufacturing Reaches Five Year High

September 16, 2014 4:40 pm | by CNBC | Videos | Comments

Manufacturing activity in New York State accelerated at its fastest pace in nearly five years in September, topping expectations for a far more moderate improvement, the New York Federal Reserve said...        

Tesla Q&A On Nevada 'Gigafactory'

September 16, 2014 9:34 am | by Scott Sonner, Associated Press | News | Comments

Now that Gov. Brian Sandoval has signed into law a package of incentives for Tesla Motors worth up to $1.3 billion, the electric-car maker is moving ahead with plans to build a $5 billion lithium battery factory expected to open in 2017 and employ 6,500 workers to make cheaper batteries so it can afford to...

Hundreds Of Workers On Strike At Lear Plant

September 15, 2014 5:14 pm | by Charles D. Wilson, The Associated Press | News | Comments

Hundreds of workers protesting what some are calling "fast-food-like" wages walked off the job Saturday at a Lear Corp. plant in northwest Indiana that makes automotive seats, beginning a strike that could affect a major Ford assembly plant in Chicago. The plant, about 28 miles southeast of...

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