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Daily news and top headlines for manufacturing professionals

Applications For U.S. Unemployment Aid Fall

August 21, 2014 10:14 am | by Paul Wiseman, AP Economics Writer | News | Comments

Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving. The Labor Department said Thursday that weekly claims for jobless aid ...            

Exporting Coal To Asia Could Reduce Emissions 21%

August 21, 2014 10:10 am | by Duke University | News | Comments

Under the right scenario, exporting U.S. coal to power plants in South Korea could lead to a 21 percent drop in greenhouse gas emissions compared to burning the fossil fuel at plants in the United States, according to ...      

Growth In China Manufacturing Weakens In August

August 21, 2014 12:29 am | by Kelvin Chan - AP Business Writer - Associated Press | News | Comments

Growth in China's vast manufacturing industry weakened in August, suggesting that the recovery in the world No. 2 economy is losing momentum and Beijing may need to spoon out more stimulus. The preliminary version of HSBC's manufacturing index, released Thursday, fell to a three-month low of 50.3...

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Warren Buffett's Firm To Pay $896,000 Penalty

August 20, 2014 1:32 pm | by The Associated Press | News | Comments

Warren Buffett's company has agreed to an $896,000 penalty for failing to tell regulators about a December 2013 investment in wallboard maker USG Corp. The Federal Trade Commission said Wednesday that Berkshire Hathaway Inc. should have ...

U.S. Deficit In Manufactures Surges In Second Quarter, Chinese Surplus Rises

August 20, 2014 12:58 pm | by MAPI Foundation | News | Comments

The surge in the U.S. trade deficit in manufactures in the second quarter of 2014 and the increase in the Chinese trade surplus shows the countries have resumed their opposite growth paths, according to an analysis from the MAPI Foundation. In the report ...

Apple's Stock Bounces Back To Hit A New High

August 20, 2014 12:13 pm | by Michael Liedtke, AP Technology Writer | News | Comments

Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs. The milestone represents ...  

Bourbon Production Reaches Highest Point Since 1970s

August 18, 2014 10:14 am | by Bruce Schreiner, Associated Press | News | Comments

In a business where patience is part of the process, Kentucky bourbon makers are making a big bet by stashing away their largest stockpiles in more than a generation. To put it in bartenders' lingo: Distillers are putting up the tab for ... 

Michigan Recovery Among Tops In Nation

August 18, 2014 9:58 am | by Michigan Economic Development Corporation | News | Comments

An expansive survey of economic activity across the U.S. offers an endorsement of the strength of the Michigan recovery and a boost for the promising prospects for the state’s continual business growth. Results of the Business Facilities annual report rank ...

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Governor Hopefuls Target Tax Talk At Middle Class

August 16, 2014 11:28 am | by Peter Jackson - Associated Press | News | Comments

Pennsylvania's middle class is getting a lot of attention from the gubernatorial candidates, especially on the subject of taxes, but the TV campaign messages are typically vague and sometimes just plain wrong. An attack ad for ...    

Governor Extends Tax Credit To Northrop Grumman

August 15, 2014 6:28 pm | by The Associated Press | News | Comments

Gov. Jerry Brown has signed legislation that extends a $420 million state tax credit to aerospace giant Northrop Grumman Corp. after approving a similar deal for its competitor, Lockheed Martin Corp. Brown's office announced Friday that he ...

Alabama Jobless Rate Jumps To 7 Percent For July

August 15, 2014 3:31 pm | by The Associated Press | News | Comments

Alabama's unemployment rate rose to 7 percent last month, keeping joblessness in the state well above the national average, according to figures released Friday. The July unemployment rate, announced by Gov. Robert Bentley's office, was ...  

U.S. Factory Output Surges In July

August 15, 2014 9:31 am | by Josh Boak - AP Economics Writer - Associated Press | News | Comments

U.S. factory output rose for the sixth consecutive month in July, led by a jump in the production of motor vehicles, furniture, textiles and metals. The Federal Reserve reports that manufacturing production rose 1 percent in July compared to ...

Illinois Unemployment Rate Falls Again In July

August 15, 2014 9:30 am | by The Associated Press | News | Comments

Illinois unemployment fell in July to 6.8 percent, the fifth straight monthly decrease in the state's jobless rate and a six-year low, according to figures released Thursday by the state Department of Employment Security. The July figure represents a ...

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Minnesota Sheds Jobs; July Unemployment At 4.5%

August 14, 2014 2:31 pm | by The Associated Press | News | Comments

Minnesota has experienced a loss of 4,200 jobs in July but its seasonally adjusted unemployment rate remains at 4.5 percent. State officials provided the figures Thursday. They also say 3,600 fewer jobs were added in June than ...    

Walmart Cuts Profit Outlook

August 14, 2014 10:57 am | by Anne D'Innocenzio, AP Retail Writer | News | Comments

Wal-Mart Stores Inc. cut its annual profit outlook on Thursday as the world's largest retailer faced another quarter of sluggish sales and traffic declines. Wal-Mart eked out a 0.6 percent increase in second-quarter profit and reported that ...

Natural Gas Plant in Western KY Canceled

August 14, 2014 10:19 am | by The Associated Press | News | Comments

Kentucky Utilities and Louisville Gas & Electric have announced that plans for a natural gas power-generating plant in western Kentucky won't go forward. The Messenger-Inquirer reports the utilities announced on Tuesday that they were ...

China Panel Fires Adviser Over Ties To Qualcomm

August 14, 2014 10:14 am | by Joe McDonald, AP Business Writer | News | Comments

A panel that advises China's Cabinet on anti-monopoly policy has fired an economist who was paid to help prepare a report for Qualcomm, a U.S. company that is the target of a pricing investigation ...          

Lenovo Profit Up On Mobile Growth

August 14, 2014 10:09 am | by Joe McDonald, AP Business Writer | News | Comments

Lenovo Group, the world's biggest personal computer maker, said Thursday its latest quarterly profit rose 23 percent on strong growth in sales of smartphones and other mobile devices. The company said ...         

DuBois Chemicals Acquires Angler Industries

August 13, 2014 12:03 pm | by The Associated Press | News | Comments

DuBois Chemicals, Inc. has completed the acquisition of Angler Industries in Sterling, CT. The acquisition is a natural extension of the DuBois strategy to provide complete cleaning, metal working and surface treatment solutions for it’s diverse industrial customer base. The Angler acquisition will ...

U.S. Businesses Boosted Stockpiles 0.4 Pct. In June

August 13, 2014 10:29 am | by Martin Crutsinger - AP Economics Writer - Associated Press | News | Comments

U.S. businesses added to their stockpiles at a slightly slower pace in June compared with May, possibly reflecting weaker sales in the past two months. Business stockpiles increased 0.4 percent in June on a seasonally adjusted basis after a 0.5 percent gain in May, the Commerce Department said...

Budget Deficit Running 24.2 Pct. Below 2013

August 13, 2014 10:26 am | by Martin Crutsinger, AP Economics Reporter | News | Comments

The federal government ran a lower deficit this July than a year ago, keeping it on course to record the lowest deficit in six years. The July deficit was $94.6 billion, an improvement of ...          

Deere Takes A Hit

August 13, 2014 10:22 am | by The Associated Press | News | Comments

Deere's third-quarter profit fell 15 percent and the farming equipment maker believes that the same weak sales at home and abroad will cut into earnings for the entire year. Chairman and CEO Samuel Allen said Wednesday that the company will ...

GE To Invest Billions In Africa's People, Infrastructure, Manufacturing

August 13, 2014 10:19 am | by GE Reports | News | Comments

People come to Durban, South Africa, for its beaches, sunny climate and busy nightlife. But visitors interested in the future of Africa come for another reason. A few miles outside the city is the ...         

Challenges & Strategies For Women Pursuing STEM Careers

August 13, 2014 10:11 am | by University of Cincinnati | News | Comments

As a national push continues to recruit talented girls and young women into math- and science-related careers, a new study underlines the importance of mentoring and other social support systems for ...        

U.S. Job Openings In June Hit 13-Year-Plus High

August 12, 2014 11:28 am | by Josh Boak - AP Economics Writer - Associated Press | News | Comments

U.S. employers in June advertised the most monthly job openings in more than 13 years. Employers posted 4.67 million jobs in June, up 2.1 percent from May's total of 4.58 million, the Labor Department reported Tuesday. The number of advertised openings was the highest since February 2001, a...

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