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Daily news and top headlines for manufacturing professionals

Cutlery Firm Celebrates 125 Years

July 24, 2014 2:34 pm | News | Comments

A northwestern Pennsylvania cutlery firm is celebrating its 125th anniversary, along with $10 million in renovations to its plant.                          

U.S. Nuclear Industry Needs To Think About Unthinkable Disasters

July 24, 2014 12:52 pm | News | Comments

A U.S. science advisory report says a key lesson from Japan's Fukushima nuclear accident is that the nation's nuclear industry needs to focus more on the highly unlikely but super-serious worst case scenarios.             

Nokia Expects Brighter Future Without Handset Unit

July 24, 2014 12:16 pm | by Jari Tanner, Associated Press | News | Comments

Shares in the Finnish wireless equipment maker surged Thursday after it reported higher profits and an improved earnings outlook in the wake of the sale to Microsoft of its troubled handset division.           

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Perry's Tech Startup Fund Is Not All It Seems

July 24, 2014 11:35 am | by Paul J. Weber, Associated Press | News | Comments

One actually operates in California. Some have stagnated trying to find more capital. Others have listed out-of-state employees and short-term hires as being among the jobs they created. A few have forfeited their right to do business in Texas by not filing tax reports.   

Japan Trade Deficit At Record $75B

July 24, 2014 10:58 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

Japan's trade deficit surged to a record $74.9 billion in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday.             

Ford 2Q Net Income Rises To $1.3B

July 24, 2014 10:10 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years.                

Wal-Mart Names CEO Of U.S. Discount Division

July 24, 2014 9:34 am | News | Comments

Wal-Mart Stores Inc. says U.S. discount-store chief Bill Simon is stepping down. The world's largest retailer has named the head of its Asian business as his replacement.                      

Unemployment Aid Applications Drop To 284K

July 24, 2014 9:05 am | News | Comments

Weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000, the Labor Department said Thursday. That's the lowest reading since February 2006, nearly two years before the Great Recession began.               

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GM 2Q Profit Falls 85 Percent

July 24, 2014 9:00 am | News | Comments

General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.                        

China's Factory Index At 18-Month High

July 24, 2014 8:18 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing rose in July to its highest level in 18 months, in a sign that mini-stimulus measures to shore up growth in the world's No. 2 economy have taken hold.                

Report: Female Business Owners Face Gender Gap

July 24, 2014 8:06 am | by Joyce M. Rosenberg, AP Business Writer | News | Comments

Women who own small business are still far behind their male counterparts when it comes to getting loans and government contracts, a congressional report said Wednesday.                  

$148M Metal Research Center To Open In Detroit This Fall

July 24, 2014 8:01 am | News | Comments

The $148 million American Lightweight Materials Manufacturing Innovation Institute is expected to help move cutting-edge metals from research into vehicles, planes and ships used commercially and by the U.S. military.           

Texas Firm Recalls Compounded Drugs

July 24, 2014 7:56 am | News | Comments

The Food and Drug Administration is warning doctors not to use compounded drugs from a Texas specialty pharmacy due to risks of contamination.                     

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Reid: Taxpayers Shouldn't Bankroll Companies That Outsource Jobs

July 24, 2014 7:48 am | News | Comments

"We need to close this indefensible loophole and instead start rewarding the companies that are doing the right thing and bringing jobs back to America," said Sen Debbie Stabenow, D-Mich.             

NASA Doesn't Have The Money For Big Rockets

July 24, 2014 7:43 am | News | Comments

NASA doesn't have enough money to get its new, $12 billion rocket system off the ground by the end of 2017 as planned, federal auditors say.                   

Gov. Walker Got $68K From Companies That Outsourced Jobs

July 23, 2014 2:17 pm | News | Comments

A recent campaign finance report shows Wisconsin Gov. Scott Walker has received money from at least 11 corporations that outsource jobs to other countries.                 

GM Issues 6 More Recalls

July 23, 2014 2:11 pm | News | Comments

The biggest recall announced Wednesday was for just over 414,000 cars and small SUVs for faulty seats. Other problems include incomplete welds on seat brackets, turn signal failures, power steering failures, loose suspension bolts and faulty roof rack bolts.

China Detains Meat Seller's Employees

July 23, 2014 12:04 pm | by Joe McDonald, AP Business Writer | News | Comments

Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.    

Safety Rules Proposed To Curb Oil Train Fires

July 23, 2014 11:39 am | News | Comments

Thousands of older rail tank cars that carry crude oil would be phased out within two years under regulations proposed Wednesday in response to a series of fiery train crashes over the past year.                  

Sealed Air Moving HQ To North Carolina

July 23, 2014 10:53 am | News | Comments

Fortune 500 packaging company Sealed Air Corp. will consolidate management operations from several states and relocate its New Jersey headquarters to the Charlotte area, where it plans to employ nearly 1,300 jobs in three years.         

Officials Investigate Fire At Oil Supply Company

July 23, 2014 10:30 am | by Josh Wood, Associated Press | News | Comments

Federal and state investigators are at a Williston oil supply and logistics company where a massive fire erupted and disrupted road and air traffic.                 

Inspection Finds Issues At GSK Vaccine Plant

July 23, 2014 10:10 am | by Helen Branswell, The Canadian Press | News | Comments

A recent Health Canada inspection of the country's only flu vaccine production plant identified 10 issues that need to be addressed, a report from the regulatory agency reveals.               

Boeing 2Q Profit Up 52 Percent

July 23, 2014 9:24 am | News | Comments

The Chicago-based company said net income increased to $1.65 billion, or $2.24 per share, from $1.09 billion, or $1.41 per share, in the same quarter a year ago.                   

Gun Law Forces Beretta Out Of Maryland

July 23, 2014 8:09 am | News | Comments

Beretta U.S.A. said company concerns over a strict gun-control law enacted in Maryland last year have made it necessary to move its weapons making out of the state to Tennessee.              

Chrysler Recalls Over 792K Jeeps For Ignition Switch Defect

July 23, 2014 8:04 am | News | Comments

The automaker, now part of Fiat Chrysler Automobiles NV, said it knows of no related injuries and only one accident, but it said owners should keep clearance between their knees and keys until repairs are made.         

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