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Daily news and top headlines for manufacturing professionals

From Car Lots To City Budgets, Cheap Oil Means Change

January 20, 2015 10:22 am | by Henry Jackson, The Associated Press | News | Comments

Cheap oil doesn't only mean cheaper gas in the tank. It means that a car dealer in Illinois is shuffling the inventory of models he'll be selling, that more students in Wisconsin may get school-provided iPads, that some planned projects in a Southern California city will get delayed, and that some expected...

Renewing Detroit: Dan Gilbert’s Fight Against Blight

January 20, 2015 10:17 am | by Bridget Bergin, Associate Editor | Videos | Comments

Quicken Loans founder and chairman Dan Gilbert is responsible for $1.6 billion in funds to rebuild Detroit after its declaration of bankruptcy in 2013. One of the biggest obstacles is the number of abandoned buildings that need to be removed: 78,000, according to the...

AK Faces Lean Budget Times As Oil Prices Plunge

January 20, 2015 9:57 am | by Becky Bohrer, The Associated Press | News | Comments

After years of being flush with oil money, Alaska now faces drastic budget cuts and having to dip into well-stocked savings to offset unprecedented deficits exacerbated by an unexpected plunge in oil prices. When lawmakers left Juneau last April, the price of North Slope crude, Alaska's economic...

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Union To Discuss IN Pillsbury Plant Set To Close

January 20, 2015 9:23 am | by The Associated Press | News | Comments

The union that represents workers at a Pillsbury plant set for closure expects to meet next month with General Mills officials to discuss the southern Indiana plant's future General Mills announced last week that it plans to close its refrigerated goods plant in New Albany by mid-2016, but said its...

Fed: Industrial Production Showed Strong Growth In 2014

January 16, 2015 1:20 pm | by Andy Szal, Real Time Digial Reporter, Manufacturing.net | News | Comments

Factory production increased at the fastest rate in four years in 2014, according to the latest monthly numbers from the Federal Reserve. But the manufacturing sector faces challenges from both a turbulent global economy and capacity limitations at home. December estimates from the Fed show...

U.S. Factories Churn Out More Steel, Computers, Lifting Production For 4th Straight Month

January 16, 2015 10:25 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. factory production rose in December as manufacturers churned out more furniture, computers and steel, offsetting a small decline in autos. The Federal Reserve says factory production increased 0.3 per cent last month, the fourth straight gain. The increase comes after total output finally passed...

Obama Renews Push For Paid Leave For Working Parents

January 15, 2015 3:02 pm | by Nedra Pickler, Darlene Superville, The Associated Press | News | Comments

President Barack Obama on Thursday renewed his push for paid leave for parents and other workers, saying he's astonished that so many people don't get paid sick leave. "How can we support working families so they have the tools to succeed in this new economy?" Obama said at a Baltimore cafe that offers earned sick...

Federal Survey Finds Moderate Economic Growth

January 15, 2015 2:56 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy was growing at a moderate pace in December and early January, helped by gains in sales of autos and other consumer products, but a big drop in oil prices was starting to have an impact in Texas and other energy regions, the Federal Reserve reported Wednesday. The Fed said business...

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We Burn 2.7 Million Gallons A Minute, So Why Is Oil So Cheap?

January 15, 2015 2:51 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

The world burns enough oil-derived fuels to drain an Olympic-sized swimming pool four times every minute. Global consumption has never been higher — and is rising. Yet the price of a barrel of oil has fallen by more than half over the past six months because the globe, experts say, is awash...

MAPI Foundation Business Index Slips Slightly

January 15, 2015 2:28 pm | by MAPI Foundation | Articles | Comments

The recent robust manufacturing performance should continue in the near-term despite marginal declines in some indicators, according to the quarterly MAPI Foundation Business Outlook, a survey conducted by the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity...

NAM On Tax Code: Doing Nothing Costs Us Something

January 15, 2015 2:22 pm | by Jamie Hennigan, National Association of Manufacturers | Articles | Comments

The delay by Washington lawmakers in overhauling the nation’s tax code is holding back the economic benefits of enacting a series of pro-growth tax policies, according to a new study commissioned by the National Association of Manufacturers (NAM) and conducted by economists at the University of...

Free Community College: Pathway To A Valuable Education?

January 15, 2015 2:13 pm | by Bridget Bergin, Associate Editor | Videos | Comments

Bloomberg speaks to Gail Mellow, president at LaGuardia Community College, about the Obama initiative to make community college free.  Do we need more mechanics and plumbers, or does America need more entrepreneurs graduating from community colleges? Gail Mellow, president....

Manufacturing Activity Grows At Weaker Pace In Philly Region

January 15, 2015 10:36 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Factories in the Philadelphia region grew at a much slower pace in January compared with the previous month, as orders, shipments and hiring tumbled. The Federal Reserve Bank of Philadelphia says its index of regional factory activity fell to 6.3 this month from 24.3 in...

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Bombardier Cutting 1,000 Jobs In Mexico And KS

January 15, 2015 10:19 am | by The Associated Press | News | Comments

Bombardier says it's going to cut about 1,000 employees from its Learjet business in 2015, affecting sites in Mexico and the United States. The Montreal-based company said Thursday the cuts are due to weak demand for the Learjet 85 business jet. Bombardier will also...

Manufacturing In NY Rebounding In January As Hiring Rises

January 15, 2015 10:13 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Manufacturing activity in New York state rebounded in January, with factory owners saying they were more optimistic about future demand and hiring. The Federal Reserve Bank of New York said Thursday that its Empire State Manufacturing index rose to 10 this month after having...

Energy Department Predicts Shale Slowdown As Oil Falls

January 14, 2015 10:32 am | by Jonathan Fahey, AP Energy Writer | Articles | Comments

As oil's long slide continued, the Energy Department forecast Tuesday that production from U.S. shale operators will begin to tail off in the second half of the year. The decline would mark the first such drop in what has been a 6-year boom in U.S. onshore crude...

The Myth Of America's Manufacturing Renaissance: Q&A With Adams Nager

January 14, 2015 10:16 am | by Bridget Bergin, Associate Editor | Articles | Comments

Adams Nager, economic research assistant at the Information Technology and Innovation Foundation, has recently released a report entitled "The Myth of America's Manufacturing Renaissance: The Real State of U.S. Manufacturing." In the report, Nager discusses China's rising labor costs, global shipping...

U.S. Job Openings Jump To 14-Year High

January 13, 2015 3:04 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The rapid hiring that made 2014 a stellar year for job gains is showing no sign of slowing down. U.S. employers advertised the most job openings in nearly 14 years in November, the Labor Department said Tuesday. That suggests businesses are determined to keep adding staff because...

What Do Obama And Auto Executives Think About Low Gas Prices?

January 13, 2015 2:28 pm | by Maura Falk, Associate Editor, Industrial Maintenance & Plant Operations | News | Comments

Low gas prices are a double edged sword, for some it is a blessing while others are less pleased about the plummeting prices. For many consumers decreasing gas prices is cause for celebration, but are we as consumers busting out the party supplies to soon? As for the auto...

5 Questions For Fiat Chrysler CEO Sergio Marchionne

January 13, 2015 2:13 pm | by Tom Krisher, AP Auto Writer | News | Comments

The family-hauling minivan is not dead in the eyes of Fiat Chrysler CEO Sergio Marchionne, who says he hopes to roll out a new one at next year's North American International Auto Show in Detroit. Marchionne, speaking to reporters at the show, also said auto stocks are valued low by the markets because...

Airbus, Boeing Split Annual Sales Rivalry

January 13, 2015 5:47 am | by David Mchugh, AP Business Writer | News | Comments

Boeing Co. topped Airbus in deliveries to customers for the third straight year in 2014 — but the European aircraft manufacturer edged its U.S. rival in terms of future orders. Airbus, which is headquartered in Toulouse, France, reported Tuesday that it delivered 629 planes, shy of Boeing's...

Why U.S. Inflation Stays Low While Job Growth Surges

January 12, 2015 10:38 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

This isn't explained in Econ 101. Month after month, U.S. hiring keeps rising, and unemployment keeps falling. Eventually, pay and inflation are supposed to start surging in response. They're not happening. Last month, employers added a healthy 252,000 jobs — ending the best year of hiring since...

U.S. Employment Changes Since 2004, At A Glance

January 9, 2015 2:41 pm | by The Associated Press | News | Comments

U.S. employers added more than 5.2 million jobs over the past two years — a solid average of roughly 220,000 a month. After 5½ years of recovery, the economy has recovered all the 8.7 million jobs that vanished during the Great Recession — and created an additional 2 million. The unemployment...

Manufacturing Job Growth Up In 2014

January 9, 2015 2:32 pm | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | News | Comments

Manufacturing job growth increased dramatically in 2014 compared to the previous year, according to numbers from the federal Labor Department released Friday. The report from the Bureau of Labor Statistics showed the manufacturing sector added an average of 16,000 jobs per month last year, compared...

2014 Best Hiring Year Since 1999; Jobless Rate 5.6%

January 9, 2015 2:22 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The United States capped its best year for hiring in 15 years with a healthy gain in December, and the unemployment rate hit a six-year low. The numbers support expectations that the United States will strengthen further this year even as overseas economies stumble. Employers added 252,000 jobs...

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