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U.S. Industrial Vacancy Rate The Lowest In Over A Decade

October 22, 2014 1:27 pm | by Cushman & Wakefield National Industrial | News | Comments

The U.S. industrial vacancy rate dropped to its lowest level in more than a decade during the third quarter of 2014, according to commercial real estate services firm Cushman & Wakefield. The company’s latest research findings, released today, show significant space absorption, which coupled...

Does America Deserve A Raise?

October 22, 2014 12:14 pm | by Maura Falk, Associate Editor, Industrial Maintenance & Plant Operations | Blogs | Comments

With an economy that is tentatively getting back on its feet, it only seems appropriate that...

Bourbon Makes Mark On KY Economy

October 21, 2014 2:13 pm | by Bruce Schreiner, Associated Press | News | Comments

Kentucky's bourbon industry is making a bigger splash in the state's economy, nearly doubling...

Unemployment Rates Fall In 31 States

October 21, 2014 2:00 pm | by Christopher Rugaber, The Associated Press | News | Comments

Unemployment rates fell in 31 U.S. states in September, including in many where incumbent...

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Daily news and top headlines for manufacturing professionals

McDonald's Faces Problems In The U.S.

October 21, 2014 10:57 am | by The Associated Press | News | Comments

Times are getting leaner for McDonald's. McDonald's said Tuesday a key sales figure declined 3.3 percent in the U.S., marking the fourth straight quarter of declines for the world's biggest hamburger chain. By contrast, Chipotle reported a 19.8 percent increase in sales at...

Kimberly-Clark To Cut Up To 1,300 Jobs

October 21, 2014 10:09 am | by The Associated Press | News | Comments

Kimberly-Clark plans to eliminate up to 1,300 jobs as part of restructuring efforts aimed at reducing costs and making its business more efficient. The consumer products company has 58,000 workers worldwide, according to its website. Kimberly-Clark Corp. said Tuesday that it anticipates...

Can Paid Internships Help To Bridge The Gap In Manufacturing?

October 20, 2014 1:58 pm | by Megy Karydes, Communications Consultant, IIE | News | Comments

Trevor Fischer, a 23 year old enrolled at Bellingham Technical College in Bellingham, Washington, admits he never held much interest in pursuing a career in manufacturing. He believes young people don't consider a career in manufacturing because the idea of working at a big industrial plant can be...

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Federal Reserve Chair Greatly Concerned By Widening Inequality

October 20, 2014 10:05 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Federal Reserve Chair Janet Yellen sounded an alarm Friday about widening economic inequality in the United States, suggesting that America's longstanding identity as a land of opportunity was at stake.The growing gap between the rich and everyone else narrowed slightly during...

Survey: Pay Remains Stagnant Despite Strong U.S. Hiring

October 20, 2014 9:57 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months. A quarterly survey by the National Association for Business Economics found...

NY Yogurt Plant Laying Off 32

October 17, 2014 1:35 pm | by The Associated Press | News | Comments

An upstate New York yogurt company says it's laying off more than 30 workers, an announcement made just as yogurt became the state's official snack. Local media report that Bogota, Colombia-based Alpina Foods said Wednesday it will lay off 32 employees at its plant in the town of...

GE 3Q Profit Rises On Oil, Aviation Strength

October 17, 2014 1:30 pm | by Jonathan Fahey, AP Business Writer | News | Comments

General Electric's third quarter profit rose 11 percent on strong performance from its aviation and oil and gas divisions. GE reported Friday net income of $3.54 billion for the quarter on sales of $36.17 billion. Last year during the same period the company earned $3.19 billion...

iPhone Glass Maker To Cut 727 Jobs In AZ

October 16, 2014 10:34 pm | by The Associated Press | News | Comments

A manufacturer of sapphire glass that Apple Inc. uses in iPhones plans to eliminate 727 jobs at an Arizona plant. GT Advanced Technologies filed for Chapter 11 bankruptcy protection last week. The company on Thursday announced its layoff plans for the Mesa plant as required by the federal Worker...

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Factories In Philadelphia Area Growing More Slowly

October 16, 2014 5:20 pm | by Christopher S. Rugaber - AP Economics Writer | News | Comments

A measure of factory activity in the Philadelphia region slipped last month, but remained at a healthy level, evidence that U.S. manufacturing output is holding up despite signs of a global slowdown. The Federal Reserve Bank of Philadelphia said Thursday that its index of...

Eli Lilly Closing Puerto Rico-Based Facility

October 16, 2014 4:52 pm | by The Associated Press | News | Comments

Eli Lilly said Thursday that it will close one of its three manufacturing facilities in Puerto Rico at the end of 2015. The Indianapolis company said it is closing its Guayama facility because the patents on some of the drugs made there have expired. That means new competition reached the...

After A Solid Run Of Advances, Manufacturing Takes A Slight Step Back

October 16, 2014 4:16 pm | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

A nearly two-year upward trend experienced a hiccup according to the quarterly MAPI Foundation Business Outlook, a survey conducted by the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation. The survey’s composite index is a leading indicator for the manufacturing...

Falling Oil Prices Shake Up Global Economies

October 16, 2014 2:25 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

A sudden plunge in the price of oil is sending economic and political shockwaves around the world. Oil exporting countries are bracing for potentially crippling budget shortfalls and importing nations are benefiting from the lowest prices in four years. The global price of oil is...

U.S. Factory Output Rises 0.5% In September

October 16, 2014 9:30 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. manufacturing output rose in September, led by gains for aerospace products, furniture, clothing, and plastics. The Federal Reserve says output at manufacturing plants rose 0.5 percent in September after falling 0.5 percent in August. Total industrial production surged 1 percent...

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Federal Survey Finds Moderate Growth Nationwide

October 15, 2014 4:37 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy was strengthening in most regions of the country in September to early October, helped by gains in consumer spending, manufacturing, and commercial construction, according to the Federal Reserve's latest survey of business conditions. The Fed report released Wednesday said...

Wal-Mart Scales Back U.S. Store Growth

October 15, 2014 12:35 pm | by Anne D'Innocenzio, AP Retail Writer | News | Comments

Wal-Mart Stores Inc. plans to dramatically scale back expansion of its U.S. supercenters next year, while investing more in e-commerce. The company also is conducting a major review of its U.S. Wal-Mart business and will update investors on its plans early...

U.S. Retail Sales Fell In September

October 15, 2014 11:00 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. retail sales retreated in September as purchases of autos, gasoline, furniture, and clothing slowed, a sign that recent job gains have yet to significantly boost consumer spending. The Commerce Department said Wednesday that seasonally adjusted...

NY Factory Growth At Slowest Pace Since April

October 15, 2014 9:27 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

New York manufacturers are growing at the slowest pace in six months as new orders shrink and shipments barely rise. The Federal Reserve Bank of New York said Wednesday that its Empire State Manufacturing index dropped to 6.2 in October, down...

Lifting Oil Exports Ban Would Boost U.S. Manufacturing

October 14, 2014 3:20 pm | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

The manufacturing sector, already a leading component of the U.S. economy, would benefit significantly if the crude oil ban were lifted, according to a new study. This was the finding of a new report, titled Lifting the Curde Export Oil Ban: The Impact on U.S. Manufacturing that was...

U.S. Indexes Slide, Airlines, Energy Stocks Drop

October 14, 2014 1:23 pm | by Alex Veiga, AP Business Writer | News | Comments

The stock market slumped on Monday, unable to shake off worries of a global economic slowdown and plunging oil prices. Airlines, energy, and materials stocks were amoing the biggest decliners. Stocks are coming off their worst week in more than two years. The downturn...

Converting Plastic Into Oil Could Add $9B To U.S. Economy

October 14, 2014 11:25 am | by American Chemistry Council | News | Comments

Wide-scale deployment of emerging technology that converts used, non-recycled plastics into oil could generate up to $9 billion in annual U.S. economic output and create upwards of 40,000 domestic jobs, according to a report released by the American Chemistry Council. The report...

Light Bulb Manufacturing Comes Back To America

October 13, 2014 5:28 pm | by ABC News | Videos | Comments

America is back to manufacturing light bulbs here at home. Halogen bulbs are now being made in Illinois and Ohio, which means more jobs for Americans. ABC News reports.                     

August Manufacturing Technology Orders Up Slightly

October 13, 2014 5:19 pm | by Association For Manufacturing Technology | News | Comments

August U.S. manufacturing technology orders totaled $356.69 million according to AMT — The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 0.4 percent from July but down 6.0 percent when compared with the total of $379.26 million...

Economics Nobel Winner Shaped Industry Regulation

October 13, 2014 2:52 pm | by Karl Ritter, Nathalie Rothschild, Paul Wiseman, The Associated Press | News | Comments

Frenchman Jean Tirole won the Nobel prize for economics Monday for finding ways to encourage better products and competitive prices in industries dominated by a few companies. Tirole's work is credited with helping shape the deregulation of industries in developed economies...

Why Oil Price Drop Could Squeeze U.S. Economy

October 13, 2014 2:35 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

If you're a driver, a shipper, or an airline, low oil prices sure feel nice. But there are downsides to the recent plunge in oil prices — for the oil industry and for the economy. Low fuel prices can help boost economic growth by reducing fuel bills and leaving consumers and companies with...

China Surpasses U.S. As World’s Largest Economy

October 13, 2014 9:49 am | by CBS Evening News | Videos | Comments

The International Monetary Fund says China’s surging economic power has surpassed the United States. Senior Business Correspondent Anthony Mason of CBS News reports...             

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