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Daily news and top headlines for manufacturing professionals

Obama Administration Names U.S. Manufacturing Regions

May 29, 2014 8:02 am | by Darlene Superville, Associated Press | News | Comments

Twelve regions of the country will receive special attention under a new federal program designed to help make them more attractive to manufacturing companies looking for a place to set up operations, provide a boost to the U.S. manufacturing industry and create jobs.

Survey: Manufacturing Gains Offer Encouraging News For Automation Industry

May 28, 2014 3:32 pm | by The Control System Integrators Association (CSIA) | News | Comments

According to the J.P. Morgan/CSIA System Integrator Survey, the automation industry is experiencing a “steady lift” entering the second quarter. The global survey of professionals in the automation and controls industry shows that food and beverage, chemical, and oil and gas—among the end markets served by CSIA members—are reporting increased activity.

Why Small Businesses Won't Hire

May 28, 2014 11:55 am | by Joyce M. Rosenberg, AP Business Writer | News | Comments

Even as the economy extends its growth and small businesses slowly add jobs, most owners are still holding off on hiring.                       

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Consumer Confidence Moves Up In May

May 28, 2014 8:03 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. consumers were slightly more confident in the economy in May than in April, partly because they are more optimistic about future hiring and income gains.                

Michigan Approves 3 Projects That Add Over 800 Jobs

May 28, 2014 7:56 am | by David Eggert, Associated Press | News | Comments

Michigan has OK'd three economic development projects estimated to add 881 jobs and $350 million in investment.                         

Median CEO Pay Crosses $10M In 2013

May 27, 2014 11:51 am | by Ken Sweet, AP Business Writer | News | Comments

The head of a typical large public company earned a record $10.5 million, an increase of 8.8 percent from $9.6 million in 2012, according to an Associated Press/Equilar pay study.                  

MAPI: Despite Some Drops, Durable Goods To Grow Soon

May 27, 2014 9:54 am | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

The growth in April’s new orders was entirely due to large defense contracts which have very long lead times and thus do not reflect activity that is likely this year. Having said that, defense capital goods contracting has exploded in early 2014.

Vermont Startup Spotlights State's High-Tech Efforts

May 27, 2014 9:33 am | by Wilson Ring, Associated Press | News | Comments

The Vermont Technology Alliance estimated that average high-tech jobs paid more than $76,000 annually in the past two years and that its members have increased their workforces by about 25 percent.          

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Durable Goods Orders Up In April

May 27, 2014 8:43 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Orders to U.S. factories for long-lasting manufactured goods advanced for a third month in April, but much of the strength came from a big surge in demand for military aircraft.              

MIT Prof.: More Costly To Offshore Than Many Companies Think

May 23, 2014 9:52 am | by MIT Sloan School of Management | News | Comments

Using a new finance tool, she shows how the mismatch costs that result from extending the supply chain may well be higher than the lower cost offered by the offshore supplier, leading to reduced profits.                 

Gauge Of U.S. Economy Rises In April

May 22, 2014 10:56 am | by Martin Crutsinger, AP Economics Writer | News | Comments

A gauge designed to predict the economy's future health posted a solid gain in April, further evidence of stronger growth after a severe winter dampened activity.                

Unemployment Aid Applications Rise To 326K

May 22, 2014 8:51 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The number of people seeking U.S. unemployment benefits jumped last week, but remained at a low level that suggests hiring should remain steady.                   

China To Tread Carefully As It Pursues Influence

May 22, 2014 8:37 am | by Louise Watt, Associated Press | News | Comments

China is carrying on a high-stakes balancing act aimed at building influence and access to resources abroad without damaging ties with its most important economic partner — the United States.          

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Chinese Manufacturing Rebounds To 5-Month High

May 22, 2014 8:18 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing contraction eased in May, suggesting the slowdown in the world's second biggest economy is stabilizing.                     

UN Lowers Global Economic Growth Forecast

May 22, 2014 8:04 am | by Edith M. Lederer, Associated Press | News | Comments

The United Nations slightly lowered its forecasts for global economic growth in 2014 and 2015 citing a variety of reasons including the exceptionally cold winter in the U.S., the escalating political crisis in Ukraine, and financial turbulence earlier this year.

Cleaner Air May Mean Higher Electric Bills

May 21, 2014 2:23 pm | by Jonathan Fahey, AP Business Writer | News | Comments

Electricity prices are probably on their way up across much of the U.S. as coal-fired plants, the dominant source of cheap power, shut down in response to environmental regulations and economic forces.         

Yellen Hails Bernanke's Courage In Crisis

May 21, 2014 12:39 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Federal Reserve Chair Janet Yellen is paying tribute to the man she succeeded three months ago, saying Ben Bernanke demonstrated the courage and grit that were needed to stabilize the financial system and restore economic growth.     

EEIA: Shale Gas Supply Chains Supporting 450,000 U.S. Jobs

May 20, 2014 11:11 am | by Energy Equipment & Infrastructure Alliance (EEIA) | News | Comments

America’s shale energy revolution is creating and sustanting hundreds of thousands of jobs in diverse sectors of the economy that supply construction, equipment, supplies and services to shale energy operations; and making the U.S. manufacturing sector more competitive by reducing energy input costs.

Obama Promotes Foreign Investments As Success Story

May 19, 2014 2:17 pm | by Jim Kuhnhenn, Associated Press | News | Comments

Yet as Obama promotes the influx of foreign investment to the U.S., his administration and key members of Congress are also fretting over dozens of U.S. companies heading in the other direction.           

Temporary Jobs On The Rise As Economy Shifts

May 19, 2014 2:10 pm | by Tom Raum, Associated Press | News | Comments

While the U.S. economy has improved since the Great Recession ended five years ago, part-time and "contract" workers are filling many of the new jobs.                   

Obama Touts Jobs Projects

May 16, 2014 12:55 pm | by Darlene Superville, Associated Press | News | Comments

President Obama and Vice President Biden are lunching outside the White House and promoting government financed work projects that he says could be endangered if Congress does not act by the end of the summer.           

Swiss Mull $24 Minimum Wage

May 16, 2014 12:25 pm | by John Heilprin, Associated Press | News | Comments

In a nation of mostly haves and have-mores, Swiss voters head to the polls Sunday to decide on a union proposal that would create a new nationwide minimum wage at 22 Swiss francs ($24.70) an hour — the world's highest.      

Unemployment Rates Fall In Nearly All U.S. States

May 16, 2014 11:10 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Unemployment rates fell in nearly all U.S. states last month, and half the states now have rates below 6 percent. The figures are a sign of widespread, if slow, improvement in the nation's job market.          

Mich. Senate Votes To Raise Minimum Wage

May 16, 2014 10:31 am | by Emma Fidel, Associated Press | News | Comments

The Michigan Senate approved raising the state's minimum wage to $9.20 an hour from $7.40 in a compromise that some supporters hope will pre-empt a ballot drive to raise it to $10.10.             

Skills Shortage Threatens Earnings And Growth Of U.S. Manufacturers

May 15, 2014 3:57 pm | News | Comments

U.S. manufacturers may be losing up to 11 percent annually of their earnings as a result of increased production costs stemming from a shortage of skilled workers, according to a new study from Accenture and The Manufacturing Institute.  

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