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Daily news and top headlines for manufacturing professionals

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...

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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 ...

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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 ... 

Jack Daniel's Drinks Its Way To Higher Results

August 28, 2014 1:46 pm | by Bruce Schreiner, Associated Press | News | Comments

Led by demand for its flagship Jack Daniel's brand, spirits maker Brown-Forman Corp. said Wednesday its first-quarter net income rose 5 percent despite lower stockpiling by distributors. The company behind such other brands as Southern Comfort, Finlandia, and el Jimador said ... 

10 Things To Know About 'Corporate Inversions'

August 28, 2014 12:10 pm | by Stephen Ohlemacher, Associated Press | News | Comments

Burger King is drawing a lot of flak over plans to shift its legal address to a foreign country by merging with Tim Hortons, the Canadian coffee-and-doughnut chain. The transaction is called ...          

U.S. Economy Grew At Brisk Rate In Q2

August 28, 2014 9:49 am | by Martin Crutsinger, AP Economics Writer | News | Comments

After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly faster than it had first estimated. The upward revision supported expectations that ...

Americans Want To Buy From Socially Responsible Companies

August 27, 2014 10:06 am | by The Lempert Report | Videos | Comments

Recent data shows that consumers are willing to put their money where their mouth is when it comes to giving back. In a poll of 1,000 Americans, nearly one-third of them said they planned to increase the amounts of goods they buy from ...  

Industrial Sector To Be Fully Recovered By End Of 2014

August 27, 2014 9:41 am | by MAPI Foundation | News | Comments

The outlook for the U.S. economy is for steady growth but there is little expectation for a significant upward trajectory, according to a new report. The MAPI Foundation has released its quarterly economic forecast, predicting ...    

Whisky's Worries Mirror Economic Fears In Scotland

August 26, 2014 9:49 am | by Martin Benedyk & Danica Kirka, Associated Press | News | Comments

Carl Reavey plunged his nose into the glass, inhaled the amber liquid's scent, then sipped. Slowly. It's said that Scotch tastes of the place where it is made, so Reavey's ...             

As Conference Ends, Economists Give Clashing Views

August 25, 2014 10:02 am | by Matthew Brown, Associated Press | News | Comments

Most visitors to Wyoming's Grand Teton National Park are drawn to the peak that gave the park its name — a 13,776-foot monolith that dominates the sweeping skyline. But for the economists and central bankers ...      

Gauge Of U.S. Economy Rises 0.9 Pct. In July

August 22, 2014 9:49 am | by Martin Crutsinger, AP Economics Writer | News | Comments

A gauge designed to predict the economy's future health posted the sharpest advance in four months in July, indicating the economy is gaining traction headed into the last half of the year. The Conference Board said ...     

Hostess Closing Bakery That Created The Twinkie

August 21, 2014 12:40 pm | by The Associated Press | News | Comments

About 400 people will lose their jobs and a piece of American baking history will shut down when Hostess Brands closes the suburban Chicago bakery where the Twinkie was invented. Hostess said ...          

Survey Indicates Eurozone Growing Slowly

August 21, 2014 11:15 am | by The Associated Press | News | Comments

A survey of business activity shows the economy of the 18-country eurozone grew at only a slow pace in August, a sign it remains sluggish after a disappointing second quarter in which it did not ...         

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