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Daily news and top headlines for manufacturing professionals

What Japan's Recession Means For Country, World

November 17, 2014 1:05 am | by The Associated Press | News | Comments

In a surprise, Japan said its economy, the world's 3rd-biggest following the U.S. and China, contracted 1.6 percent at an annual pace in the July-September quarter as consumer and corporate spending failed to regain momentum after a sales tax increase in April. Here are some implications for the...

Auto Industry Builds New-Look River Region Economy

November 16, 2014 10:06 am | by Brad Harper, The Montgomery Advertiser | News | Comments

Long reliant on state jobs and military money, Montgomery shifted gears in 2002 when Hyundai announced it would open its first America production plant here. Since then, the River Region has built its present and future on the sturdy back of an ever-growing manufacturing network. The $1.7...

Cold Front Helps Wake Up Wheat And Corn Prices

November 14, 2014 1:10 pm | by Steve Rothwell, The Associated Press | News | Comments

Wheat and corn prices are surging this week as temperatures plunge in the U.S. Plains states and after a government report showed domestic supplies slipped.                           

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Price Of Oil Takes Another Sharp Drop

November 14, 2014 12:28 pm | by Jonathan Fahey, The Associated Press | News | Comments

The price of oil took another sharp tumble Thursday as it appeared increasingly unlikely that OPEC members will cut production to reverse a plunge that is entering its fifth month.                    

October Budget Deficit Rises To $121.7B

November 14, 2014 12:16 pm | by Martin Crutsinger, The Associated Press | News | Comments

The federal government started the new budget year with a higher deficit in October than a year ago, but the increase reflected quirks in the calendar rather than a deterioration in the government's budget outlook.           

U.S. Business Inventories Up 0.3 Percent

November 14, 2014 10:19 am | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. businesses added to their stockpiles at a faster rate in September, though sales remained weak.                         

U.S. Retail Sales Rise On Autos, Online Purchases

November 14, 2014 9:56 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. retail sales rose at a modest pace in October, evidence that recent job gains and lower gas prices are lifting consumer spending.                    

NC Employers Avoid More Federal Unemployment Taxes

November 12, 2014 5:01 pm | by The Associated Press | News | Comments

North Carolina businesses won't have to pay even higher unemployment insurance taxes beyond what's required while the state still owes the federal government money to pay jobless benefits during the Great Recession. The U.S. Department of Labor told Gov. Pat McCrory this...

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Purdue Economist: Turkeys Will be More Expensive This Year

November 12, 2014 4:52 pm | by The Associated Press | News | Comments

A Purdue University agricultural economist says Thanksgiving food shoppers will find adequate supplies of turkeys but possibly at higher prices, depending on the type and whether grocers pass increases on to customers. Corinne Alexander tracks food...

Retail Imports Set Records Despite Continuing Port Issues

November 12, 2014 4:46 pm | by J. Craig Shearman, National Retail Federation | News | Comments

Import cargo volume at the nation’s major retail container ports is expected to slow down this month following record levels seen in September and October as retailers rushed to bring merchandise into the country ahead of a possible shutdown of West Coast ports, according to...

IN Lawmakers Recommend Cutting Equipment Tax

November 12, 2014 3:13 pm | by Tom LoBianco, The Associated Press | News | Comments

A panel of Indiana lawmakers is recommending the state eliminate the business equipment tax for small businesses. The panel studying Indiana's business personal property tax included the recommendation with a series of other proposals in its final report released Wednesday. Gov. Mike Pence...

Small Business Credit Conditions Improve

November 12, 2014 10:52 am | by The Associated Press | News | Comments

Experian, the leading global information services company, today announced that small-business credit conditions have improved and reached an all-time high. According to the most recent Experian/Moody's Analytics Small Business Credit Index, the continued rise in the third quarter can...

Can System Integration Improve Your Triple Bottom Line?

November 11, 2014 4:21 pm | by Mark Adair, Avid Solutions | Articles | Comments

The triple bottom line is a term that was coined in the 90’s. In a nutshell, there are three accounts to the triple bottom line (TBL) — People, Planet, and Profit. The conventional wisdom is that a combination of these three components leads to a successful company that retains...

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German Industrial Union Seeks 5.5% Raise

November 11, 2014 11:50 am | by The Associated Press | News | Comments

Germany's largest industrial union is calling for a 5.5 percent pay increase next year for some 3.7 million workers in Europe's biggest economy. The IG Metall union's leadership made the recommendation Tuesday ahead of negotiations in... 

China Trade Growth Decelerates

November 10, 2014 2:24 pm | by The Associated Press | News | Comments

China's trade growth decelerated in October but still was relatively robust as Chinese leaders try to reverse a deepening economic slowdown. Exports rose 11.6 percent to $206.9 billion, down from September's 18-month high of 15.3 percent growth, trade data showed Saturday. Imports rose 4.6 percent...

Obama: Stronger Ties With China Will Bring Jobs

November 10, 2014 1:57 pm | by USA Today | Videos | Comments

President Obama delivered a speech at an economic summit in Beijing on Monday, saying he wants the United States and China to strengthen ties that could lead to more jobs. He said the U.S. welcomes the rise of a prosperous and stable China...

OH County Holds Off On Fracking Due To Low Oil Prices

November 10, 2014 10:01 am | by The Associated Press | News | Comments

Officials in northeast Ohio say drilling in shale deposits is on hold due to decreasing oil prices.The Star-Beacon in Ashtabula reports that although geographic studies have shown there are large shale deposits throughout Ashtabula county, hydraulic fracturing, or fracking, is...

Why Many Aren't Celebrating Low Unemployment

November 10, 2014 9:46 am | by Josh Boak, AP Economics Writer | News | Comments

The unemployment rate no longer seems to reflect America's mood. Friday's strong jobs report showed that the jobless rate — the most closely watched gauge of the economy's health — is down to 5.8 percent. A year ago, the rate was 7.2 percent. Five years ago, it was 10...

Detroit Begins Road To Recovery

November 9, 2014 12:04 pm | by Corey Williams, The Associated Press | News | Comments

The largest U.S. city to endure bankruptcy has exited insolvency $7 billion lighter in debt, but the effects of civic neglect linger for many in Detroit who still fall asleep to echoes of gunfire and awake surrounded by blocks and blocks of abandoned houses. A federal judge on Friday approved...

China's Xi Says Economy Shifting To Lower Growth

November 8, 2014 11:05 pm | by The Associated Press | News | Comments

Chinese President Xi Jinping says his country's economy is shifting to a "new normal" of slower but more stable growth. Xi also touted the benefits of Chinese development to the world in a speech Saturday to Asian business leaders gathered in Beijing, ahead of an Asia-Pacific...

Solid Hiring Provides Little Boost To Wages, Yet

November 7, 2014 5:04 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Healthy job growth in the United States has reached a level of consistency unseen in nearly two decades. In the same week that voters signaled discontent with the U.S. economy, the government issued a report that showed employers have added at least 200,000 jobs for nine straight months — the...

AAM Responds To Manufacturing Job Growth

November 7, 2014 2:31 pm | by The Alliance for American Manufacturing | News | Comments

The Department of Labor reported this morning that America's manufacturing sector added 15,000 jobs in October.  The #AAMeter, which tracks President Obama's promise to create 1 million new manufacturing jobs in his second term, boosts to +218,000 jobs, after positive revisions to...

Job Gains Top 200K For Ninth Month

November 7, 2014 2:15 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Three days after voters registered their sourness about the U.S. economy, the government said Friday that employers added a solid 214,000 jobs in October, extending the steadiest pace of job growth in nearly 20 years. In addition, a combined 31,000 more jobs were added in...

SNC-Lavalin To Cut 4K Jobs

November 7, 2014 12:18 pm | by The Associated Press | News | Comments

Canadian engineering and construction giant SNC-Lavalin says it will reduce the company's global workforce by 4,000, or 9 percent of its total. The Montreal-based engineering and construction company said Thursday the job cuts are part of its ongoing efforts to...

Solid U.S. Hiring Likely, But Americans Are Anxious

November 7, 2014 3:04 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Just after a midterm election that was driven by voters' anxiety about the U.S. economy, the government is likely Friday to report the latest strong monthly job gain. Employers are expected to have added 230,000 jobs in October, according to economists surveyed by FactSet. That would be in line...

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