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Daily news and top headlines for manufacturing professionals

Ind. Man Laid Off Twice Finds New Purpose At 52

August 5, 2014 8:22 am | by Tim Vandenack, The Elkhart Truth | News | Comments

The Great Recession battered Elkhart County and, in some ways, many are still feeling the aftershocks of the downturn, five years after it ended. But it's made others, like Bumpus, leaner, forcing them to improvise and forge a new trail lest they wither on the vine.

Autos And Construction Fuel U.S. Job Growth

August 5, 2014 7:52 am | News | Comments

In a month when auto plants usually shut down to retool for next year's models, the sector added a solid 14,600 jobs, according to the government's employment report.                 

U.S. Manufacturing Expands Again In July

August 4, 2014 7:53 am | by Paul Wiseman, AP Economics Writer | News | Comments

The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose to 57.1, highest level since April 2011 and up from 55.3 in June.             

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Exxon Profit Surges, But Production Slips

July 31, 2014 4:21 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

Exxon Mobil's net income rose 28 percent in the second quarter on a sale of Asian assets and higher oil prices, but oil and gas production slipped a disappointing 6 percent. Exxon reported ...           

Could Brooklyn Hipsters Help Save The Middle Class?

July 31, 2014 4:02 pm | by PBS NewsHour | Videos | Comments

Frozen ginger slushies, tea-based pro-biotic drinks, a bed bug-killing steam machine — these are just a few of the locally-grown products coming out of Brooklyn’s burgeoning artisan economy. But as popular as these start-ups may be, are they generating more jobs?

GE’s Industrial Core Packs More Punch as Demand for Machines and Services Grows

July 31, 2014 3:58 pm | by GE Reports | News | Comments

GE reported a double-digit increase in industrial profits for the first half of 2014 today. The growth has been fueled by the company’s long-term strategy to build up its industrial units, shrink its financial services business, and grow ...  

Unemployment Insurance Tax Stokes Complaints

July 31, 2014 3:33 pm | by Stephen Singer - AP Business Writer - Associated Press | News | Comments

Nearly 100,000 employers in Connecticut are about to get sticker shock as the state mails annual tax bills to pay interest on its $433 million federal loan for unemployment benefits for workers let go during the Great Recession. The so-called special assessment being mailed Friday is expected to...

Ethical Practices Take Back Seat To Price, Say Purchasers

July 31, 2014 2:54 pm | by Business Wire | News | Comments

80% of consumers believe it is important for companies and brands to behave ethically, however the most significant factors when shopping are price, value and quality. Research from online sourcing and optimization specialists ...    

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NC Weighs Offering Upfront Money For Promised Jobs

July 30, 2014 4:35 pm | by Emery P. Dalesio - Associated Press | News | Comments

After decades of trying to attract new industries with tax breaks, North Carolina lawmakers are considering whether to just offer selected corporations upfront taxpayer money if they will move to the state. The proposal for a new state incentive fund left ...

A More Vigorous U.S. Economy Is Emerging

July 30, 2014 1:36 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year. That was the general view of analysts Wednesday after the government estimated that ...        

Consumer Confidence Jumps In July

July 29, 2014 2:12 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The Conference Board's confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October 2007, two months before the Great Recession officially began.                  

UK Economy Surpasses Pre-Crisis Peak

July 25, 2014 2:24 pm | News | Comments

Britain's economy has grown to surpass the peak it reached in 2008, before the global banking crisis caused a deep recession, official figures showed Friday.                     

Russian Execs Fear Lasting Damage From Plane Crash

July 25, 2014 11:17 am | News | Comments

Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage. 

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Orders For Durable Goods Up In June

July 25, 2014 9:30 am | News | Comments

Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans.              

Layoffs Becoming Rare Across U.S. Job Market

July 25, 2014 7:59 am | News | Comments

The trend means greater job security and suggests a critical turning point in the economic recovery. It raises the hope that workers' pay will finally accelerate after grinding through a sluggish recovery for the past half-decade.                 

Biden Pushes Infrastructure, Job Training In Ohio

July 24, 2014 2:17 pm | News | Comments

Vice President Joe Biden said Thursday that more investment in infrastructure and job training is needed to increase economic opportunities in the nation's cities.                   

Japan Trade Deficit At Record $75B

July 24, 2014 10:58 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

Japan's trade deficit surged to a record $74.9 billion in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday.             

Unemployment Aid Applications Drop To 284K

July 24, 2014 9:05 am | News | Comments

Weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000, the Labor Department said Thursday. That's the lowest reading since February 2006, nearly two years before the Great Recession began.               

China's Factory Index At 18-Month High

July 24, 2014 8:18 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing rose in July to its highest level in 18 months, in a sign that mini-stimulus measures to shore up growth in the world's No. 2 economy have taken hold.                

Reid: Taxpayers Shouldn't Bankroll Companies That Outsource Jobs

July 24, 2014 7:48 am | News | Comments

"We need to close this indefensible loophole and instead start rewarding the companies that are doing the right thing and bringing jobs back to America," said Sen Debbie Stabenow, D-Mich.             

IMF Cuts Forecast For U.S. Economic Growth

July 23, 2014 12:44 pm | News | Comments

The International Monetary Fund has shaved its forecast for U.S. economic growth this year, mostly because of a sharp contraction in the first quarter.                 

Could The U.S. Dip Into Recession?

July 23, 2014 7:56 am | by Bernard Condon, AP Business Writer | News | Comments

Sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, "When the U.S. sneezes, the rest of the world catches a cold," may need to be flipped.               

Michigan Approves 9 Projects To Add 3,900 Jobs

July 22, 2014 5:18 pm | News | Comments

Michigan approved state incentives for nine economic development projects expected to bring about 3,900 jobs, nearly half from General Motors consolidating engineering jobs from outside the state at a site in Michigan.       

Why American Manufacturing Is Vital To Future Prosperity

July 22, 2014 10:16 am | by Hillary Schaub and Darrell M. West, Brookings | Blogs | Comments

Manufacturing supports the economies of local communities in ways that do not show up in national reports. It also accounts for a large percentage of R&D spending and American patents.                  

China, Venezuela Deepen Economic Ties

July 22, 2014 7:56 am | News | Comments

Venezuela's socialist government has received roughly $50 billion from China in recent years, paying for the loans with petroleum exports.                   

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