U.S. women have recovered all the jobs they lost to the Great Recession. The same can't be said for men, who remain 2.1 million jobs short. The biggest factor is that men dominate construction and manufacturing — industries that have not recovered millions of jobs lost during the downturn.
Computer chip maker Intel Corp. has announced that it's closing its only manufacturing facility in Massachusetts, a move expected to cost the state about 700 jobs. Intel, the world's biggest chip maker, announced Thursday that it is closing the Hudson plant because it is using outdated technology to make older generation computer chips that are being phased out.
Maybe we can't buy — but we can look. The best thing about an auto show is the chance to gawk at and sit in cars most people can't afford. So here's a look at eight of the most striking and expensive new vehicles on display at the Frankfurt Auto Show. The show opens to the public Saturday and runs through Sept. 22; admission is 13 euros during the week, 15 euros on weekends.
BP has urged a federal judge to reject a $111 million budget request by the court-supervised administrator of the company's multibillion-dollar settlement with Gulf Coast businesses and residents following its 2010 Gulf oil spill. In a court filing, BP attorneys said claims administrator Patrick Juneau refused to cut his office's fourth-quarter budget request by at least $25.5 million after the company complained that it was excessive.
A jury has awarded a Maine man $489,000 for injuries he suffered while performing welding work at a trash-to-energy plant. Attorney Peter Clifford says a York County Superior Court jury on Wednesday awarded damages to 48-year-old Joseph Bordeau, from the western Maine town of Mexico.
A jury in Cleveland has rejected a claim by commercial truck dealers that Ford Motor Co. overcharged them over an 11-year period by offering discounts to other dealerships. The jury returned the verdict Wednesday in the class-action lawsuit filed by Westgate Ford Truck Sales of Youngstown in 2002.
Whether we like it or not, globalization has been a major factor in the staying power of many manufacturers. The practice of scattering production, jobs and plants across the globe has delivered great benefits to the consumer and the manufacturer. Companies have been able to squeeze as much efficiency as possible from the products they make so that what we desire is affordable and readily available.
Most everyone in manufacturing is aware that today, supply chain is, more or less, “king” of the manufacturing lifecycle. With more globalized supply chains and the trend of working with more and more third parties, it’s critical that manufacturers keep a strong hold on the flow of materials from one location to the next.
Prime Advantage, a leading buying consortium for midsized manufacturers, announced the findings of its twelfth semi-annual Group Outlook Survey, revealing financial projections and top concerns of its member companies for the rest of 2013. The results show continued optimism about revenues and employment despite concerns about federal regulations and fiscal policy uncertainties.
The number of Americans seeking unemployment benefits plummeted last week 31,000 to a seasonally adjusted 292,000. But the drop was mostly because of technical issues in two states that delayed the processing of applications. The Labor Department said Thursday that the less volatile four-week average fell to 321,250, the lowest in six years.
The big SUV rolls on. Five years ago, when gas hit $4 per gallon, auto industry analysts boldly predicted that enormous SUVs would vanish like the automobile tail fin. On Thursday, General Motors is unveiling a completely redesigned lineup of its truck-based SUVs, three-ton behemoths that are still popular with drivers hauling around boats, campers and large families, or who like to sit high or feel safer in a heavy vehicle.
The fastest-growing car brand in the European Union was never even supposed to be sold there. Dacia, the Romanian subsidiary of French manufacturer Renault, sells low-cost cars. Really low-cost cars — in some cases, 50 percent cheaper than rival models.
Dell Inc. will end its quarter-century history as a publicly traded company and try to engineer a turnaround away from the prying eyes of Wall Street following shareholders' approval Thursday of a $24.8 billion buyout offer from the company's founder.
An executive with G.S. Electech has been charged with conspiracy to rig bids and fix prices for automobile antilock brake parts installed in American cars. A federal grand jury in Covington, Ky., on Wednesday indicted Shingo Okuda, who is accused of agreeing to coordinate bids and fix prices of automotive parts submitted to Toyota.
Johnson Controls Inc.'s auto parts unit plans to open 11 new manufacturing sites in China during the next few years to handle expected growth. The company's Plymouth, Mich., Automotive Experience unit, which makes seats, electronics and interiors, now has 57 sites in China. The company said in a statement Thursday that the expansion comes after 16 years of continuous growth.
Daimler Vans Manufacturing said that it will expand its existing facility in Charleston County. The more than $4.6 million investment is expected to generate at least 60 new jobs. “South Carolina has provided our company with an excellent environment for doing business and a talented workforce. We appreciate all the support we’ve received from state and local officials,” said Marco Wirtz, president and CEO of Daimler Vans Manufacturing.
The Moto X smartphone is now being manufactured out of a new facility in Fort Worth, Texas. Gov. Rick Perry and top executives attended the opening of a Fort Worth plant where cellphone pioneer Motorola will produce the first smartphone ever assembled in the U.S.
Southwest Fastener has agreed to acquire The Bolt Company of New Mexico (The Bolt Company) under the terms of the agreement on September 10th, 2013. The acquisition combines two highly compatible fastener industry companies, and strengthens the presence of Southwest Fastener in the Albuquerque and in the state of New Mexico.
Why Parts Fail© - provides an understanding of how it is possible to make order out of chaos when things go wrong. . The workshop is designed to teach attendees how to identify failure modes by reading fracture surfaces of parts such as bearings, shafts, fasteners, seals, belts and other materials to determine physical root causes. This will provide the answer(s) to "what happened".
In the early part of the 20th century, if you were buying a very expensive, luxury car, you'd probably commission a car to be made just for you. The 1928 Mercedes Saoutchik has seats covered in lizard skin, is powered by a 6.8 liter super-charged 6-cylinder engine, and recently sold for over $8 million.