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Daily news and top headlines for manufacturing professionals

Ohio Auto Dealers Fight Tesla Over Sales Model

March 17, 2014 11:38 am | by Julie Carr Smyth, AP Statehouse Correspondent | News | Comments

Ohio is among states proposing to block future Tesla direct-sales stores on grounds they undercut traditional auto dealerships.                                      

U.S. Factory Output Rose In Feb. By Most In 6 Months

March 17, 2014 9:44 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. factory output rebounded strongly in February after harsh winter storms caused a steep drop-off in production in January. Manufacturers produced more autos, home electronics and chemicals.          Rewind: A Missing Jet; Dems' Marathon Climate Talk

March 14, 2014 12:03 am | News | Comments

Check out some of this week's top headlines from across, from a tech firm losing 20 workers when a jet vanishes, to Tesla's battle with New Jersey.                 


Budget Deficit Hits $193.5B In February

March 13, 2014 3:13 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. government is running a deficit that is 23.6 percent lower than in the same period a year ago through the first five months of this budget year.                  

IMF: Income Disparities Can Hurt Economies

March 13, 2014 1:29 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The International Monetary Fund is warning that wide income inequality can slow economic growth and is proposing ways to reduce it.                     

Business Inventories Rise, But Sales Plunge

March 13, 2014 10:37 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. businesses continued to restock their shelves and warehouses in January, but sales plunged during the snowstorm-plagued month.                      

U.S. Retail Sales Rebound In February

March 13, 2014 9:37 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. retail sales bounced back in February after suffering a steep decline during a bitterly cold January. Shoppers spent more on autos, clothing and furniture.                 

Applications For Jobless Aid Fall To 3-Month Low

March 13, 2014 8:39 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Weekly applications for U.S. unemployment benefits dropped 9,000 last week to a seasonally adjusted 315,000, a sign the job market is picking up after a winter slump.               


Low-Wage Workers Can't Find Middle-Pay Jobs

March 12, 2014 12:59 pm | by Josh Boak, AP Economics Writer | News | Comments

The lower-wage jobs once seen as stepping stones are increasingly being held for longer periods by older, better-educated, more experienced workers.                    

Obama Expected To Push For More Overtime Pay

March 12, 2014 8:28 am | by Julie Pace, AP White House Correspondent | News | Comments

A White House official says President Barack Obama will direct the Labor Department to strengthen overtime pay protections for millions of workers.                  

U.S. Wholesaler Sales Fall In January

March 11, 2014 2:20 pm | by Josh Boak, AP Economics Writer | News | Comments

U.S. wholesale businesses in January suffered their steepest sales drop in nearly five years, yet they continued to increase their stockpiles.                   

Employers Posted More Job Openings In January

March 11, 2014 11:18 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. employers advertised slightly more jobs in January than in December, a sign that hiring should remain steady in coming months.                     

Manufacturing Technology Orders Down In January

March 11, 2014 10:40 am | by The Association For Manufacturing Technology | News | Comments

January U.S. manufacturing technology orders totaled $365.06 million — down 25.2 percent from December but up 1.3 percent when compared with the total of $360.31 million reported for January 2013.          


OECD: Global Growth To Remain Sluggish

March 11, 2014 8:33 am | by Greg Keller, Associated Press | News | Comments

Global growth is likely to remain sluggish as a slowdown in the developing world undercuts gains in Europe and the United States, a leading international economic body warned.              

Obama Economists Paint Rosier Picture If Budget Passed

March 10, 2014 12:56 pm | by Jim Kuhnhenn, Associated Press | News | Comments

Obama's top economists say the nation is on track to make economic progress over the next two years, but say it would do even better if Congress would enact the additional spending he proposed in his most recent budget.           

China's February Exports Plunge

March 10, 2014 8:32 am | by Joe McDonald, AP Business Writer | News | Comments

China's exports plunged by an unexpectedly large 18 percent in February, possibly denting hopes trade will help drive the slowing economy while communist leaders push ambitious promised reforms.          

AAM Blames More Than Weather For Poor Manufacturing Numbers

March 7, 2014 12:40 pm | by Tia Nowack, Associate Editor, IMPO | Blogs | Comments

Stalled hiring in the manufacturing sector, coupled with a substantial rise in the in America’s trade deficit with China, has the Alliance for American Manufacturing (AAM) President Scott Paul blaming more than just weather.      

Perry: Red States Leading U.S. Recovery

March 7, 2014 12:14 pm | by Steve Peoples, Associated Press | News | Comments

The Texas leader says governors of Democratic-led states, in contrast, are promoting policies that produce higher taxes, out-of-control pensions and fewer jobs.                

MAPI Forecast: Consumer Spending And Investment To Lead Growth

March 7, 2014 9:42 am | by The Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

Manufacturing production is expected to fare better than the overall economy, with anticipated growth of 3.2 percent in 2014 and 4.0 percent in 2015. The 2014 forecast is a slight increase from 3.1 percent predicted in the December forecast while the 2015 projection is down from 4.1 percent.

Southeast Manufacturing Jumps In Feb. To Highest In 21 Months

March 7, 2014 9:15 am | by Kennesaw State University | News | Comments

The increase moved the February Southeast PMI to a more solid level of growth and its highest reading since May 2012. New orders and production increases of 10 and 7 points, respectively, were instrumental for such a strong increase.     

Trade Deficit Widened To $39.1B In January

March 7, 2014 8:47 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit widened slightly in January as a rise in imports of oil and other foreign goods offset a solid increase in exports.                    

U.S. Employers Added 175K Jobs In February

March 7, 2014 8:43 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Hiring improved in February from the previous two months despite a blast of wintry weather, likely renewing hopes that growth will accelerate this year.                 

ITIF Praises National Network For Manufacturing Innovation In Obama Budget

March 6, 2014 2:39 pm | by The Information Technology and Innovation Foundation (ITIF) | News | Comments

The $1 billion appropriation would create a series of 45 advanced manufacturing centers designed to spur research, development and deployment of next generation technologies that will enhance manufacturing competitiveness and job creation in the United States.

Factory Orders Drop In January

March 6, 2014 10:30 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Orders to U.S. factories fell in January for a second straight month but a key category that signals business investment plans rebounded.                      

Silicon Valley Boom Drives Income Gap

March 6, 2014 8:53 am | by Martha Mendoza, AP National Writer | News | Comments

The river of money flowing through this 1,800-square-mile peninsula has also driven housing costs to double in the past five years while wages for low- and middle-skilled workers are stagnant.                  

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