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Daily news and top headlines for manufacturing professionals

How Lower Oil Prices Could Fuel More Hiring In The U.S.

January 8, 2015 2:51 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

In June, when oil cost $107 a barrel, U.S. employers added a healthy number of jobs — 267,000. Now, with oil below $50, hopes are rising that hiring in the United States is poised to intensify. Goldman Sachs forecasts that if oil stays near its current price, the economy will add 300,000 more jobs this...

Applications For Unemployment Benefits Fall, Suggesting Strong Hiring

January 8, 2015 1:20 pm | by Josh Boak, AP Economics Writer | News | Comments

Fewer Americans applied for unemployment benefits last week, a sign that employers expect ongoing economic growth and the need to hold onto workers. The Labor Department said Thursday that applications for unemployment benefits fell 4,000 last week to a seasonally adjusted...

Coca-Cola Cutting Up To 1.8K Jobs

January 8, 2015 11:50 am | by The Associated Press | News | Comments

Coca-Cola says it will cut between 1,600 and 1,800 jobs in coming months to trim costs. The Atlanta-based company says it began notifying workers in the U.S. and some international locations Thursday. The company said job types are across all parts of its business and include about 500 at its...

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Shrinking Foreign Oil Bill Sends U.S. Trade Deficit Lower

January 8, 2015 10:31 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit fell in November to the lowest level in almost a year, thanks to the country's swiftly shrinking thirst for foreign oil. The deficit — imports minus exports — narrowed to $39 billion during the month, down 7.7 percent from a revised October deficit of $42.2 billion, the Commerce Department reported...

Obama Touts Auto Recovery, AAM Says There Is 'A Long Way To Go'

January 8, 2015 9:41 am | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | Articles | Comments

Although President Obama touted the recovery of the nation's auto industry near Detroit yesterday, a national manufacturing group said the country still has "a long way to go." Obama visited a Ford plant in Wayne, Michigan to kick off a three-state tour ahead of his State of the Union Address later this...

MAPI Foundation: Asian Manufacturing Outlook For 2015

January 7, 2015 5:18 pm | by Manufacturers Alliance for Productivity and Innovation (MAPI) | Articles | Comments

Amidst a weak and uneven global economic rebound, a general malaise pervades the Asian economic outlook, according to a report from the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation. The Asian Manufacturing Outlook provides forecasts for...

Small Businesses Have Even More Credit-Card Reader Options

January 7, 2015 1:43 pm | by Joseph Pisani, AP Business Writer | News | Comments

Small business owners looking to ditch traditional credit card readers have more options than ever. Online retailers Amazon and Etsy are just two of the latest companies to offer mobile credit card readers to small companies, joining the likes of Square, PayPal and Intuit. Mobile credit...

Cheap Oil: Who Wins And Who Loses?

January 7, 2015 1:34 pm | by Bridget Bergin, Associate Editor | Videos | Comments

Everyone has noticed the lower gas prices, but determining who stands to win and lose in the sudden drop-off is slightly more complicated. PwC’s UK Head of Oil and Gas, Alison Baker, spoke with Bloomberg’s Tom Mackenzie about the effects of lower gas prices. The average person on the street paying for gas for...

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U.S. Gas Prices End 2014 At Lowest Levels Since 2009

January 7, 2015 1:28 pm | by U.S. Energy Information Administration‎ | News | Comments

Across the country, retail prices for regular grade gasoline reached the lowest levels in four years primarily as a result of falling crude prices in the second half of 2014. As of December 12, the weekly retail price for regular gasoline in each city for which EIA collects data was below $3.00 per gallon (gal) for the first time since...

Survey: U.S. Companies Stepped Up Hiring In December

January 7, 2015 12:32 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. businesses ramped up hiring last month in the latest sign that the nation's economy is expanding despite worries about global growth that have sent financial markets tumbling. Payroll processor ADP said Wednesday that companies added 241,000 jobs in December, up from 227,000 in...

Strong Dollar Means Cheap Gas, Imports For U.S.

January 7, 2015 12:19 pm | by Josh Boak, AP Economics Writer | News | Comments

As the global economy has weakened, a forcefully stronger U.S. dollar has emerged. The fallout from the greenback's appreciation is reverberating around the world. A more valuable dollar translates into cheaper oil and the imports lining U.S. store shelves. That represents both a boon for American consumers and a...

From Bullet Trains To Bag Bans: CA's Major Environmental Reforms Of 2015

January 7, 2015 12:06 pm | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | Articles | Comments

California has a well-earned reputation for pacing its fellow states in environmental regulations—from the California Environmental Quality Act more than 40 years ago to a slew of new laws taking effect this year. With no end in sight following an ambitious inaugural address this week by newly re-elected...

Boeing Reports Record Orders, Deliveries To Airlines In 2014

January 6, 2015 4:43 pm | by The Associated Press | News | Comments

Boeing Co. set records for aircraft orders and deliveries in 2014, as airlines spent heavily to upgrade their fleets with new, more fuel-efficient planes. Boeing said Tuesday that it took net orders for 1,432 planes with a total listed value of $232.7 billion. Airlines routinely get steep...

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OH Rolls Out Veteran-Friendly Employer Registry

January 6, 2015 2:05 pm | by Lisa Cornwell, The Associated Press | News | Comments

Ohio has rolled out an online registry letting military veterans know which employers are looking to hire veterans. Registry proponents suggest it should result in more jobs for veterans, while others aren't so sure. The registry, stemming from a 2014 law, went online Dec. 19 with about 300 employer names. More than...

New Year May Bring More Small Business Help From Washington

January 6, 2015 1:48 pm | by Joyce M. Rosenberg, AP Business Writer | News | Comments

Small business owners may get more help from Washington in 2015. Gridlock in Washington in recent years has stalled tax bills and other legislation aimed at helping small companies, but such proposals are expected to be on the agenda in the Republican-led Congress. Democrats have opposed some proposals...

U.S. Factory Orders Fell 0.7% In Nov

January 6, 2015 10:24 am | News | Comments

Orders to U.S. factories fell for a fourth straight month in November, with demand in a key category that signals business investment plans down for a third month. The Commerce Department said Tuesday, Jan 6 factory orders dropped 0.7 percent in November after a similar 0.7 percent fall in October. The November weakness...

How Long Before Oil Prices Recover?

January 5, 2015 2:22 pm | by Meagan Parrish, Editor, Chem.Info | Videos | Comments

If you work in manufacturing, the free fall of gasoline prices has, in many ways, been a blessing: Feedstock and transportation costs are down, and consumer confidence is swinging way up. But of course, not everyone has been rejoicing. For those whose business depends on demand for oil...

ISM: Manufacturing Remains Strong Going Into 2015

January 5, 2015 12:46 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

Economic activity in the manufacturing sector expanded in December for the 19th consecutive month, and the overall economy grew for the 67th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. Manufacturing expanded in December as the PMI...

Automakers End 2014 Strongly, Pushing Some Brands To Records

January 5, 2015 9:44 am | by Tom Krisher, Dee-ann Durbin, AP Auto Writers | News | Comments

Holiday sales, cheap gas prices and low interest rates pushed U.S. auto sales to big gains in December, helping the industry close out a strong year with several brands setting sales records. Fiat Chrysler led the way, selling just over 2 million cars and trucks for a 16 percent increase over...

Do 2015 Beer Prices Depend On Bad Barley Crop?

January 3, 2015 11:41 am | by Lisa Baumann, The Associated Press | News | Comments

Problems with the 2014 malt barley crop in the western United States have resulted in the worst year for malting production in the nation, but beer drinkers likely won't have to shell out an extra couple dollars for their favorite brews. Much of the nation's large-scale brewing is done in the...

U.S. Stocks End Mixed As Manufacturing Growth Slows

January 2, 2015 5:42 pm | by Steve Rothwell, AP Markets Writer | News | Comments

Stocks got off to a sluggish start on the first day of trading in the New Year, ending the day mixed as a report showed that manufacturing growth slowed in December. U.S. factory activity grew at the slowest pace in six months last month, weakened by declines in orders and production, according...

Will 2015 See A Boost In The Federal Minimum Wage?

January 2, 2015 4:50 pm | by Bridget Bergin, Associate Editor | Blogs | Comments

Although 2015 has just begun, it has already been a big year for advocates for a higher minimum wage. On Thursday, January 1, President Obama’s executive order to raise the minimum wage in new federal contracts to $10.10 an hour went into effect, benefiting about 200,000...

U.S. Rig Count Plummets 35 To 1,840

January 2, 2015 10:17 am | by The Associated Press | News | Comments

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. plunged by 35 last week to 1,840. The Houston firm said Monday in its weekly report that 1,499 rigs were exploring for oil and 340 for gas. One was listed as miscellaneous. A year ago 1,757 rigs were...

Why The U.S. Will Power The World Economy In 2015

December 30, 2014 9:57 am | by Christopher Rugaber, The Associated Press | News | Comments

The United States is back, and ready to drive global growth in 2015. After long struggling to claw its way out of the Great Recession, the world's biggest economy is on an extended win streak that is edging it closer to full health. But the new year doesn't look quite...

Ahead Of The Bell: U.S. Consumer Confidence

December 30, 2014 9:50 am | by the Associated Press | News | Comments

The Conference Board releases its December index on U.S. consumer confidence Tuesday at 10 a.m. Eastern. The consumer confidence index is expected to rise to 93 this month from a November reading of 88.7, according to a survey of economists by...

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