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Daily news and top headlines for manufacturing professionals

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...

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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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Report: Manufacturers Collecting More Data, Unsure How To Use It

September 15, 2014 5:05 pm | by The Economist Intelligence Unit | News | Comments

A new report published by The Economist Intelligence Unit shows that while most manufacturing firms have greatly increased the volume of data they collect from the shop floor over the past two years, many are struggling to get the most out of it. Manufacturing and the data conundrum: Too much? Too little? Or just right?, commissioned by Wipro, examines...

"An American Renaissance": Why Your Manufacturing Company Is Worth More Than You Think

September 15, 2014 3:24 pm | by Scott Sims | News | Comments

As the economy recovers, middle market manufacturing companies are poised to make a big comeback in terms of profitability and as appealing prospects for investors. Changing economic tides, a shortage of sellers, and trillions of investor dollars on the sidelines add up to...

Detroit Bankruptcy Trial May Be Suspended Again

September 15, 2014 11:03 am | by Ed White, Associated Press | News | Comments

The city of Detroit says it has ironed out details of a settlement with a major opponent in its bankruptcy case.The disclosure was made as a judge resumed the trial Monday after a three-day break. The timeout allowed Detroit and bond insurer Syncora to finish...

U.S. Factory Output Drops 0.4% In August

September 15, 2014 9:39 am | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. manufacturing output declined in August for the first time in seven months, reflecting a sharp fall in production at auto plants. The Federal Reserve says output at manufacturing plants fell 0.4 percent in August after a 0.7 percent...

Scotland’s Fight For Independence And The Manufacturing Sector

September 12, 2014 10:49 am | by Bridget Bergin, Associate Editor | News | Comments

On Thursday, September 18th, every registered voter in Scotland over the age of sixteen will be asked to answer a massively important question: “Should Scotland be an independent country?” If Scotland’s people vote “yes,” the entire structure of the UK will never look the same again, and Scotland will transform from...

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U.S. Retail Sale Increase Led By Auto Spending

September 12, 2014 10:01 am | by Josh Boak, The Associated Press | News | Comments

Auto buying drove U.S. retail sales higher in August, a possible sign that job growth in recent months has led to accelerated consumer spending. The Commerce Department said Friday that seasonally adjusted retail sales rose 0.6 per cent compared with the prior month. Sales are up...

Nevada Governor Enacts Tesla Tax Break Package

September 12, 2014 3:46 am | by Scott Sonner - Associated Press | News | Comments

Calling it one of the most important pieces of legislation in Nevada history, Gov. Brian Sandoval signed into law Thursday night an unprecedented package of incentives to seal a deal to bring Tesla Motors' $5 million battery factory to the Silver State. The "gigafactory" is expected to bring more...

North Texas Drilling Adds $11.8B To Economy

September 11, 2014 11:31 am | by Emily Schmall, Associated Press | News | Comments

Production from the natural gas-rich Barnett Shale in North Texas has risen even as drilling activity and natural gas prices have fallen, according to a study commissioned by the Fort Worth Chamber of Commerce released Wednesday. The Waco, Texas-based Perryman Group analysis shows...

China's Auto Sales Slow In August

September 11, 2014 8:54 am | by Joe Mcdonald - AP Business Writer | News | Comments

China's auto sales growth decelerated further in August to 8.5 percent while sales of SUVs surged by nearly a third. Drivers in the world's biggest auto market by vehicle sales bought 1.5 million passenger cars in August, the China Association of Automobile Manufacturers said Thursday. Total...

U.S. Industry Pay Hikes Since The Recession

September 10, 2014 2:56 pm | by The Associated Press | News | Comments

Despite steady job growth and a drop in the unemployment rate from 10 percent during 2009 to 6.1 percent in August, most Americans have received little increase in pay. Average wages, before inflation, have risen only about 2 percent a year since the downturn ended five years ago. That's far below...

GE Transportation Hiring 50 Machinists In PA

September 9, 2014 4:31 pm | by The Associated Press | News | Comments

GE Transportation is seeking 50 skilled machinists to support an increase in production volume at its diesel engine plant in Grove City, Pennsylvania.In March 2014, GE Transportation announced a deal worth $700 million to supply 233 Evolution Series locomotives to...

Maine Mill Valuation Drops $100M, Raises Taxes

September 9, 2014 4:12 pm | by The Associated Press | News | Comments

A Maine paper mill's value is dropping by more than $100 million, jacking up local residents' tax rates.Skowhegan officials lowered Sappi Fine Paper North America mill from $567 million to $463 million. The lower value will impact...  

Manufacturing Technology Orders Down In July

September 9, 2014 3:30 pm | by The Association for Manufacturing Technology | News | Comments

July U.S. manufacturing technology orders totaled $354.63 million according to The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 11.5 percent from June and down 1.4 percent when compared with the total of...

“Make It In Washington” Initiative Introduced To Strengthen Manufacturing Sector

September 8, 2014 5:40 pm | by The Associated Press | News | Comments

Small and midsized manufacturers in qualified Washington counties will have access to a new blend of support to strengthen their businesses—ranging from strategic business consulting services and operational technical assistance to funded training opportunities for employees. The services are being offered through the "Make it in Washington" partnership, a public and private collaboration...

ISM: Numbers Up On Strong Demand

September 8, 2014 9:29 am | by Jon Minnick, Associate Editor, Manufacturing Business Technology | News | Comments

Economic activity in the manufacturing sector expanded in August for the 15th consecutive month, and the overall economy grew for the 63rd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. Manufacturing expanded in August as the PMI registered...

China's Exports Rise To 9.4%, Imports Shrink

September 7, 2014 11:31 pm | by The Associated Press | News | Comments

 China's export growth eased in August while imports shrank for the second month in a row. Customs data released Monday showed that exports rose 9.4 percent to $208 billion last month, down from a 14.5 percent expansion in July. Imports contracted...

Southeast Nebraska Plant To Lay Off 33 Workers

September 6, 2014 6:30 pm | by The Associated Press | News | Comments

A southeast Nebraska agriculture manufacturing plant will close part of its operations and eliminate more than half its workforce by November. The Lincoln Journal Star reports that the Agrium plant in Fairbury will eliminate...   

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