The Federal Reserve Bank of Richmond released the May Manufacturing Conditions Survey this morning covering activity in the central Atlantic region.
Despite strong recruitment efforts, manufacturers still having problems finding skilled workers, according to SHRM report
Toyota, on course to overtake General Motors (GM) as the world's biggest automaker, is well behind in the world's fastest-growing market, where GM is thriving; China.
Hewlett-Packard Co. has announced it will consolidate 85 data centers worldwide into six larger centers in the United States.
Growth is moving away from housing and consumer spending and in favor of business investment, comments NAM Chief Economist
U.S. industrial production rose in April, according to government figures released today
The Boeing Co. has agreed to pay $615 million to settle federal investigations into contracting scandals at the company, according to reports in The Wall Street Journal and The Seattle Times.
The Associated Press is reporting that China's official exchange rate broke through the psychologically important 8 yuan per dollar level Monday, its highest level in more than a decade, in a move traders said might signal Beijing's willingness to allow its currency to appreciate faster.
Manufacturing growth in New York state unexpectedly slowed in May as costs of energy and raw materials jumped, a Federal Reserve report showed today.
Prices of goods from China fell 0.1% and from Japan declined 0.2%
The U.S. trade deficit unexpectedly declined in March, the Commerce Department reported, marking the first time in two years that there was an improvement in two consecutive months.
Concerns over the value of China's yuan are continuing to surface amidst this week's Treasury report.
The EU's statistic agency said 12 euro-using nations saw economic growth in the first quarter. Many analysts believe the growth suggests that the European Central Bank will raise interest rates.
Profit jumped 39 percent for Toyota in the January-March quarter, as the world’s No. 2 automaker marked its sixth straight record fiscal year of rapidly increasing sales. The company recorded a net profit of 404.1 billion yen ($3.6 billion) in the final quarter of fiscal 2005, which was up 290.7 billion yen in the same quarter of the previous year.
Auto manufacturer will close seven plants by 2008 and seven plants between 2010 and 2012; 30,000 jobs will be cut
A survey of forecasters by the National Association of Business Economics sees only one more interest rate hike through 2007.
New hiring slowed significantly in April as employers added just 138,000 people to their payrolls, the slowest pace of job growth in six months. The overall unemployment rate held steady at 4.7 percent. The latest snapshot of labor market activity, released by the Labor Department on Friday, also showed a sharp jump in workers' wages, which is sure to raise inflation fears.
The International Paper Co. reported a first-quarter loss of $1.2 billion yesterday. In a statement, the company said the loss was the result of charges it has taken due to discontinued operations.
U.S. consumer spending and income rose more than expected in March, while the core price index topped economists' expectations, according to the government’s report. In other reports that raised caution about inflation, manufacturing activity climbed in April and construction spending jumped to a record high in March.
Goodyear Tire & Rubber Co. has reported a first-quarter profit of 8.8%, despite an increase in raw-material costs.
Royal Dutch Shell Plc and Total SA reported first-quarter profit rose, beating analysts' forecasts, as near-record oil prices compensated for declining production.
ASF, the world's largest chemical company by sales, said Thursday earnings before interest, tax and special items rose 19% to $2.36 billion, beating the forecasts in a Reuters poll.
Despite a strong U.S. economy, climbing gasoline prices were seen as a big reason behind drops in April sales for the Big Three automakers, particularly in sales of trucks.
Faster growth is prompting some companies to plow money into factories and new workers although the jobless rate remains at 8%, double the U.S.
Tyson Foods Inc. swung to a fiscal second-quarter loss, citing an "overabundance" of meat, but the meat and poultry processor was optimistic its market could strengthen in the current half.