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Daily news and top headlines for manufacturing professionals

NV Assembly Speaker Kirkpatrick To Scrutinize Tesla Deal

September 5, 2014 5:03 pm | by Martin Griffith and Michelle Rindels, Associated Press | News | Comments

Nevada Assembly Speaker Marilyn Kirkpatrick says it's too early to say whether a huge package of tax breaks and incentives needed to land Tesla Motors Inc.'s lithium battery factory will have smooth sailing at a special legislative session next week. The Las Vegas Democrat said Friday she and her colleagues need to scrutinize...

A. C. Simmonds and Sons To Acquire Environmental Waste International

September 5, 2014 1:35 pm | by The Associated Press | News | Comments

A.C. Simmonds and Sons Inc. (ACS) and Environmental Waste International Inc. (EWS) announced today that a non-binding letter of intent has been entered into regarding the proposed acquisition of all of the issued and outstanding common shares of EWS by ACS in exchange for...

Southeast Manufacturing Activity Rallies For August

September 5, 2014 11:54 am | by Paula Stanton, Kennesaw State University | News | Comments

Southeast manufacturing activity saw a rebound in August, reversing an 8.5-point slide in June and July, according to the Southeast’s Purchasing Managers Index (PMI) report released today by Kennesaw State University’s Econometric Center in the Michael J. Coles College of Business. The Southeast PMI for August increased...

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U.S. Employers Add 142K Jobs, Employment Flat In Manufacturing

September 5, 2014 9:43 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. employers added just 142,000 jobs in August, snapping a six-month streak of hiring above 200,000 and posting the smallest gain in eight months. The unemployment rate fell to 6.1 percent from 6.2 percent, the Labor Department said Friday. The rate dropped because...

Noranda Aluminum Lay Off 200 Employees And Suspend Expansion

September 4, 2014 5:11 pm | by The Associated Press | News | Comments

Noranda Aluminum Inc. announced Tuesday that it is laying off up to 200 employees and suspending an expansion project at its southeast Missouri smelter because state regulators refused to lower its electricity rates. The cutbacks come less than two weeks after the Missouri Public Service Commission denied its request for...

U.S. Economy Rises to No. 3 Global Ranking

September 4, 2014 12:55 pm | by John Heilprin, Associated Press | News | Comments

The United States' competitiveness among global economies has risen to the No. 3 spot behind Switzerland and Singapore in rankings published annually by the World Economic Forum.In its survey released Wednesday, the Forum said...    

Tesla Chooses Plant Location, Gets Closer To Electric Car For Masses

September 4, 2014 4:31 am | by Justin Pritchard - Associated Press | News | Comments

To bring electric cars to the masses, Tesla Motors will use an expanse of desert where wild mustangs still roam for a factory that the company projects will crank out enough batteries to power 500,000 vehicles annually by decade's end. Tesla chose ...

Aircraft Orders Set To Create New Jobs

September 3, 2014 2:11 pm | by The Gloucestershire Echo | News | Comments

Jobs could be created as figures reveal there has been a surge in demand for new aircraft and engines. New data from aerospace trade organization ADS Group highlights there was a surge last month, which has resulted in the largest ever month-on-month increase in the order book. The boost, which brings the total backlog to 12,000 aircraft and 21,000 engines, is estimated to be worth...

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LDR Industries Owners Decide To Sell Company Through Chapter 11 Bankruptcy

September 3, 2014 2:02 pm | by The Associated Press | News | Comments

The owners of LDR Industries, a leading manufacturer, importer, and distributor of plumbing products, have decided to sell the company through a Chapter 11 bankruptcy which was filed yesterday. "LDR is a strong viable business," says Bill Underwood, LDR President & CEO.  "It is currently involved in a dispute with U.S. Customs, and this is the best way to resolve...

U.S. Factory Orders Up Record 10.5 Percent In July

September 3, 2014 10:33 am | by Martin Crutsinger - AP Economics Writer - Associated Press | News | Comments

Business orders for U.S. factory goods shot up by a record amount in July, reflecting a surge in demand in the volatile category of commercial aircraft. But outside of transportation, orders actually fell slightly during the month although the setback was ...

Detroit Kicks Off Bankruptcy Trial

September 3, 2014 10:01 am | by Corey Williams, Associated Press | News | Comments

Starting Tuesday, lawyers for Detroit will attempt to convince a federal judge at the city's bankruptcy trial that its plans to wipe out the city's billions of dollars in debt should be approved. After some delays, the trial in U.S. District Court begins...

Civil Disobedience Expected In Fast-Food Pay Fight

September 3, 2014 9:54 am | by Candice Choi, The Associated Press Food Industry Writer | News | Comments

McDonald's, Wendy's, and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry's workers. Kendall Fells, an organizing director for Fast Food Forward, said...

Black Duck Raises $20M To Advance Leadership In Open Source Software Logistics

September 3, 2014 9:47 am | by The Associated Press | News | Comments

Black Duck Software, an OSS Logistics solutions provider enabling the deployment and management of open source software (OSS), today announced that it has closed a $20 million investment round led by General Catalyst Venture Partners with all ...

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Why American Manufacturing Is Vital To Future Prosperity

September 2, 2014 5:17 pm | by Hillary Schaub and Darrell M. West, Brookings | News | Comments

At the 3rdannual John White, Jr. Forum on Public Policy, the topic was Regional Manufacturing Hubs in the U.S., and we heard from a number of different experts. As noted in a recent White House report, the manufacturing industry is growing, but there is still much work to be done. The sector comprises 12 percent of the overall economy, and greater investments...

North Carolina Offers $100M For Toyota

September 2, 2014 11:52 am | by Emery P. Dalesio, The Associated Press Business Writer | News | Comments

North Carolina business recruiters offered Toyota more than $100 million in incentives for the world's largest car maker to move its North American headquarters to Charlotte rather than a Dallas suburb, but still lost out to a Texas offer half that size. Only about a quarter of the nearly 3,000 jobs paying an average of $105,000 a year were expected to move from Southern California, meaning... 

U.S. Manufacturing Grows At Fastest Pace In 3½ Years

September 2, 2014 11:34 am | by Christopher S. Rugaber - AP Economics Writer - Associated Press | News | Comments

U.S. manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose. The Institute for Supply Management's manufacturing index rose to 59 from 57.1 in July, the ISM said Tuesday. That was the highest reading since March 2011. Any measure above 50 signals...

ADM Selling Chocolate Business To Cargill

September 2, 2014 10:33 am | by The Associated Press | News | Comments

 Archer Daniels Midland Co. is selling its global chocolate business to Cargill for $440 million. The agribusiness company said Tuesday that the sale will give it the opportunity to redeploy capital to other areas and improve its returns. Cargill said that ADM's chocolate operations are...

Obama: 'Revving' Economy Calls For Higher Wages

September 1, 2014 5:30 pm | by Jim Kuhnhenn - Associated Press | News | Comments

President Barack Obama renewed his push for Congress to raise the minimum wage Monday in a buoyant accounting of the economy's "revving" performance, delivered on behalf of Democrats opening their fall campaigns for the midterm congressional elections. "America deserves a raise," he told a union...

Leaders Seek Manufacturing Revival

September 1, 2014 2:29 pm | by Ron Bartizek - (Wilkes-Barre) Times Leader - Associated Press | News | Comments

On Labor Day 2014, workers in Northeastern Pennsylvania face a job market that has changed considerably over the past several years, while some employers say they can't find new hires with the skills and work habits they need. The mismatch is reflected in an unemployment rate that, while down substantially since the end of the Great Recession, has remained...

China Manufacturing Growth Slowed In August

August 31, 2014 11:32 pm | by The Associated Press | News | Comments

Two surveys show China's manufacturing growth decelerated in August due to weaker global demand and a slowdown in domestic investment. HSBC Corp. said Monday its purchasing managers index fell to 50.2 from July's 18-month high of 51.7 on a 100-point scale on which numbers above 50 show...

Tesla Motors Dealing As States Play Factory Poker

August 31, 2014 1:30 pm | by Justin Pritchard - Associated Press | News | Comments

From the start, little has been typical about Tesla Motors' plan for a $5 billion factory to make batteries for a new generation of electric cars. It is not just the project's massive scale, the cutting-edge technology, or even the bonanza of 6,500 good-paying jobs, but rather it is how Tesla is deciding...

Detroit Raced Toward This Week's Bankruptcy Trial

August 31, 2014 10:32 am | by Corey Williams - Associated Press | News | Comments

It took decades of mismanagement, malfeasance, and meltdowns in its bread-and-butter manufacturing sector for Detroit to hit fiscal rock bottom. The path to exit bankruptcy could take less than a year and a half. After some delays, the confirmation trial for the largest municipal bankruptcy in...

Agriculture Equipment Sales Decline In 2014

August 31, 2014 10:32 am | by Regina Garcia Cano - Associated Press | News | Comments

Agricultural equipment manufacturers and farmers say machinery sales have fallen recently because of lower commodity prices and changes to a federal tax break. Shawn Berry said at a sales event in South Dakota that the Ohio-based company he represents could ...

MAPI Addresses Challenges Ahead for Global Manufacturing

August 28, 2014 4:12 pm | by MAPI Media | News | Comments

MAPI (Manufacturers Alliance for Productivity and Innovation) Foundation economists offer insights and manufacturing forecasts for key global regions - United States, Eurozone, China, India, and Latin America - in this round table discussion ... 

Americans' Pessimism On Economy Has Grown

August 28, 2014 3:45 pm | by Josh Boak, The Associated Press Economics Writer | News | Comments

Americans are more anxious about the economy now than they were right after the Great Recession ended despite stock market gains, falling unemployment and growth moving closer to full health. Seventy-one percent of Americans say they think ... 

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