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Daily news and top headlines for manufacturing professionals

Manufacturing Technology Orders Rise In June

August 12, 2014 10:22 am | by The Association For Manufacturing Technology | News | Comments

June U.S. manufacturing technology orders totaled $405.73 million according to the Association For Manufacturing Technology (AMT). This total, as reported by companies participating in the USMTO program, was up 12.6 percent from May but down ...

Officials: Corporate Tax Case Could Cost Michigan

August 8, 2014 2:09 pm | News | Comments

A recent Michigan Supreme Court ruling in favor of IBM in a corporate tax case could cost the state more than $1 billion — an amount that could have a "budget-busting" impact, according to the state's attorney general.                   

Wholesale Inventories Rise In June

August 8, 2014 11:36 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. wholesalers restocked their warehouses at a modest pace in June for a second straight month, a sign they may anticipate slower growth ahead.                   

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Productivity Recovers After Steep 1Q Fall

August 8, 2014 8:55 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. workers were more productive in the April-June quarter and labor costs rose slightly, a sharp turnaround from grim first-quarter figures.                    

German Firm Cuts Outlook After Russia Deal Nixed

August 7, 2014 8:35 am | by The Associated Press | News | Comments

German defense and auto parts company Rheinmetall has cut its earnings forecast after the government revoked permission for it to deliver a field exercise simulator to the Russian military. The company says it's exploring legal options to ...

Putin Orders Import Limits Over Sanctions

August 6, 2014 4:50 pm | by Jim Heintz, Associated Press | News | Comments

President Vladimir Putin has ordered government agencies to restrict imports of food and agricultural products from the countries that have imposed sanctions against Russia over the conflict in Ukraine.         

Trade Gap Narrows To Lowest Level In 5 Months

August 6, 2014 3:50 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The U.S. trade deficit fell in June to its lowest level since January as imports dropped sharply, led by lower shipments of cellphones, petroleum, and cars.                  

Is The U.S. Headed In The Right Direction?

August 6, 2014 3:45 pm | by Jennifer Agiesta, Associated Press | News | Comments

Three-quarters of Americans doubt the federal government will address the important problems facing the country this year, according to a new Associated Press-GfK poll.                   

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Obama Seeks Executive Ways To Limit Tax Inversions

August 6, 2014 3:23 pm | by Josh Lederman, Associated Press | News | Comments

Aiming to sidestep a logjam in Congress, the Obama administration is looking for steps it could take on its own to prevent American companies from ...                          

Toyota Pledges $1M Toward Detroit Bankruptcy Deal

August 6, 2014 11:05 am | News | Comments

Toyota has pledged $1 million toward the Detroit Institute of Arts' goal to raise $100 million to prevent the sale of art in Detroit's bankruptcy and help city pensioners.                   

Ingersoll Rand Acquires Assets of Energy Equipment and Supply

August 5, 2014 1:28 pm | News | Comments

Ingersoll Rand has announced it has acquired the assets of Energy Equipment and Supply Inc., an Ingersoll Rand Master Distributor based in Casper, Wyo. Energy Equipment and Supply Inc. sells compressed air and gas equipment, parts and services ...

Obama: U.S. Companies To Invest $14B In Africa

August 5, 2014 11:53 am | by Julie Pace, AP White House Correspondent | News | Comments

The Obama administration on Tuesday announced $14 billion in commitments from U.S. businesses to invest in Africa, as representatives from nearly 100 American and African companies gathered in Washington to discuss ways to ...     

U.S. Factory Orders Rise 1.1 Percent In June

August 5, 2014 10:30 am | by Josh Boak - AP Economics Writer - Associated Press | News | Comments

Orders to U.S. factories increased in June, led by demand for aircraft, industrial machinery and computers and electronics. Orders rose a seasonally adjusted 1.1 percent compared to the previous month, the Commerce Department reported Tuesday. Factory orders ...

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Ind. Man Laid Off Twice Finds New Purpose At 52

August 5, 2014 8:22 am | by Tim Vandenack, The Elkhart Truth | News | Comments

The Great Recession battered Elkhart County and, in some ways, many are still feeling the aftershocks of the downturn, five years after it ended. But it's made others, like Bumpus, leaner, forcing them to improvise and forge a new trail lest they wither on the vine.

Autos And Construction Fuel U.S. Job Growth

August 5, 2014 7:52 am | News | Comments

In a month when auto plants usually shut down to retool for next year's models, the sector added a solid 14,600 jobs, according to the government's employment report.                 

U.S. Manufacturing Expands Again In July

August 4, 2014 7:53 am | by Paul Wiseman, AP Economics Writer | News | Comments

The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose to 57.1, highest level since April 2011 and up from 55.3 in June.             

Exxon Profit Surges, But Production Slips

July 31, 2014 4:21 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

Exxon Mobil's net income rose 28 percent in the second quarter on a sale of Asian assets and higher oil prices, but oil and gas production slipped a disappointing 6 percent. Exxon reported ...           

Could Brooklyn Hipsters Help Save The Middle Class?

July 31, 2014 4:02 pm | by PBS NewsHour | Videos | Comments

Frozen ginger slushies, tea-based pro-biotic drinks, a bed bug-killing steam machine — these are just a few of the locally-grown products coming out of Brooklyn’s burgeoning artisan economy. But as popular as these start-ups may be, are they generating more jobs?

GE’s Industrial Core Packs More Punch as Demand for Machines and Services Grows

July 31, 2014 3:58 pm | by GE Reports | News | Comments

GE reported a double-digit increase in industrial profits for the first half of 2014 today. The growth has been fueled by the company’s long-term strategy to build up its industrial units, shrink its financial services business, and grow ...  

Unemployment Insurance Tax Stokes Complaints

July 31, 2014 3:33 pm | by Stephen Singer - AP Business Writer - Associated Press | News | Comments

Nearly 100,000 employers in Connecticut are about to get sticker shock as the state mails annual tax bills to pay interest on its $433 million federal loan for unemployment benefits for workers let go during the Great Recession. The so-called special assessment being mailed Friday is expected to...

Ethical Practices Take Back Seat To Price, Say Purchasers

July 31, 2014 2:54 pm | by Business Wire | News | Comments

80% of consumers believe it is important for companies and brands to behave ethically, however the most significant factors when shopping are price, value and quality. Research from online sourcing and optimization specialists ...    

NC Weighs Offering Upfront Money For Promised Jobs

July 30, 2014 4:35 pm | by Emery P. Dalesio - Associated Press | News | Comments

After decades of trying to attract new industries with tax breaks, North Carolina lawmakers are considering whether to just offer selected corporations upfront taxpayer money if they will move to the state. The proposal for a new state incentive fund left ...

A More Vigorous U.S. Economy Is Emerging

July 30, 2014 1:36 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year. That was the general view of analysts Wednesday after the government estimated that ...        

Consumer Confidence Jumps In July

July 29, 2014 2:12 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The Conference Board's confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October 2007, two months before the Great Recession officially began.                  

UK Economy Surpasses Pre-Crisis Peak

July 25, 2014 2:24 pm | News | Comments

Britain's economy has grown to surpass the peak it reached in 2008, before the global banking crisis caused a deep recession, official figures showed Friday.                     

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