For a majority of U.S. businesses, equipment financing is a critical source of funding, helping them to acquire the equipment they need to operate and grow. Equipment acquisition plays a critical role in driving the supply chains across all U.S. manufacturing and service sectors.
In his weekly radio and Internet address, Obama says the first step is for Congress to extend unemployment insurance for those without work. The president also points to a new initiative to boost high-tech manufacturing and other steps he plans to announce next week to put people back to work.
Republican leaders have announced that the House will vote to pass a short-term funding bill next week to extend by three days the deadline for wrapping up a massive, $1 trillion-plus catch-all spending bill.The short-term measure would give lawmakers until midnight next Saturday to pass the larger funding bill.
University of Michigan experts told state lawmakers Friday that Michigan had the fourth-highest private-sector job growth from 2010 to 2012. The state's economy is doing better because of the national economy, stronger auto sales and a rebound in the housing sector.
In this episode of MBT's Manufacturing Newswire, we’ll discuss some big business problems, as well as some innovative technology from Ford and GM. We'll also talk to inbound marketing agency Guavabox about what manufacturers can do improve their online presence and take a look at a surprising use for RFID.
Brad Holcomb, chair of the ISM Business Survey Committee, talks to Jon Minnick, Associate Editor, Manufacturing Business Technology, and Joel Hans, Managing Editor, Manufacturing.net, about November's PMI and explains what's behind the numbers.
U.S. wholesale businesses increased their stockpiles in November but at less than half the pace of October when they had jumped by the largest amount in two years.The Commerce Department says wholesalers boosted stockpiles 0.5 percent in November compared with October when inventories had increased 1.3 percent.
U.S. employers added a scant 74,000 jobs in December, the fewest in three years. The disappointing gain ends 2013 on a weak note after recent economic reports had raised hopes for a strong finish.The Labor Department says the unemployment rate fell from 7 percent in November to 6.7 percent, the lowest level since October 2008.
China's export growth slowed in December while imports accelerated, possibly helping to temper fears of a slowdown in the world's second-largest economy. Exports rose 4.3 percent to $207.7 billion, slowing from November's 12.7 percent expansion, trade data showed Friday.
A statewide survey of business people shows that their confidence in Michigan's economy has grown greatly since the bottom of the Great Recession, with room to improve as well. Margaret Baker of Ann Arbor's Baker Strategy Group says that leaders of Michigan's key manufacturers gave the state a business rating of 65, up from 25 in 2009.
The number of Americans seeking unemployment benefits fell 15,000 last week to a seasonally adjusted 330,000, signaling fewer layoffs and steady job growth. The Labor Department said Thursday that the less volatile four-week average dropped 9,750 to 349,000.
The latest sales data from the holiday season shows that U.S. shoppers increasingly prefer to research clothes, TVs and shoes online, or "virtual window shop," before heading to stores. ShopperTrak, which tracks data at 40,000 stores in the U.S., said on Tuesday that sales for in November and December rose 2.7 percent to $265.9 billion.
A private survey shows U.S. businesses added the most jobs in a year in December, powered by a big gain in construction. The figures are the latest evidence that the economy gained momentum at the end of 2013.Payroll processor ADP said Wednesday that companies added 238,000 jobs in December, up slightly from 229,000 in the previous month.
President Barack Obama will announce five "Promise Zones" this week as part of his effort to focus on income inequality in the lead-up to his State of the Union address.Promise Zones are areas where the federal government provides tax incentives and grants to help communities tackle poverty.
Manufacturing activity reversed its previous two-month climb in the Southeast, widening the gap between the region and the nation, according to the Southeast Purchasing Managers Index (PMI) report released today by Kennesaw State University’s Econometric Center in the Michael J. Coles College of Business.
More than a million Americans lost their unemployment benefits late last month, when a temporary federal program expired. Congress is debating whether to restore the aid for three more months. Democrats say these benefits boost the economy, but Republicans want cuts elsewhere as a trade.
Gov. Andrew Cuomo proposed Monday cutting New York's corporate income tax from 7.1 percent to 6.5 percent in the coming year and eliminating it altogether for upstate manufacturers. "Business is the movement that pulls the train," Cuomo said.
The trade gap dropped 12.9 percent in November to $34.3 billion, the Commerce Department said Tuesday. That's the smallest monthly trade deficit since October 2009. Exports rose 0.9 percent to a record $194.9 billion, aided by a 5.6 percent rise in petroleum exports.
Legislation to renew jobless benefits for the long-term unemployed has cleared an initial Senate hurdle, but the bill's fate remains in doubt. The vote Tuesday was 60-37 to limit debate on the legislation, with a half-dozen Republicans siding with the Democrats.
The goal is to finish writing the mammoth measure this week in anticipation of House and Senate votes before a Jan. 15 deadline to avert another government shutdown. The bill fills in thousands of details across the approximately one-third of the federal budget devoted to the day-to-day operations of federal agencies.
Boeing delivered 65 of its 787s last year, even though deliveries were halted for a four months because of battery problems. Boeing was able to step up the pace once deliveries resumed in May, and it handed over 25 of the jets during the final quarter of last year.
Factory orders rose 1.8 percent in November, the Commerce Department said Monday. That follows a 0.5 percent decrease in October. Orders received by manufacturers totaled a seasonally adjusted $497.8 billion in November, the highest level on records dating to 1992
What stresses small business owners the most? Our conversations with them and the research we come across suggest it's a lack of clarity. Well, there's no small business crystal ball — at least one we are aware of — but if one existed, here's a look at what it might reveal for 2014.
Porsche Cars North America, Inc., the exclusive U.S. importer of Porsche sports cars including the Macan and Cayenne SUVs and the Panamera sports sedan, announced it has once again set an all-time U.S. sales record, with 42,323 cars sold in 2013 (plus 21 percent over 2012).
GM says it sold more than 230,000 cars and last month, down from nearly 246,000 a year ago. Sales of the Chevrolet Silverado pickup, GM's top-selling vehicle, fell 16 percent in a month that traditionally has strong pickup sales.