Orders to U.S. factories rose modestly in April as manufacturers rebounded from a weak March performance. Factory orders rose 1 percent in April compared with March when orders had dropped a sharp 4.7 percent, the Commerce Department said Wednesday. The big swing reflected volatility in commercial aircraft orders, which were down sharply in March but surged 53.3 percent in April.
Republican U.S. Senate candidate Gabriel Gomez pressed for a cut in the corporate tax rate after a tour of textile-maker Polartec. The company has rebounded from a massive fire in 1995 that destroyed the plant, and two subsequent bankruptcies. It now faces new challenges brought on by the decline in defense-related business resulting from the winding down of foreign wars and the automatic federal budget cuts that went into effect in March.
Toyota says it is hiring slightly more new workers than first expected as it increases production at its southwestern Indiana factory. The automaker announced last year that it would add about 400 employees to the Princeton factory's workforce so it could build 50,000 more Highlander SUVs a year.
VolturnUS, the nation's first floating wind turbine designed to generate electricity from ocean winds, was launched as demand for clean and alternative energy grows. Developed at the University of Maine, the technology has the potenial to power the U.S. 4 times over. Terrell Brown reports.
Bosch Rexroth Corporation, which has a manufacturing campus in Bethlehem, PA, was honored with the Jobs First Award for the Lehigh Valley region for its job growth, commitment to sustainable business operations and for its collaboration efforts within its community.
Attend the Outage Delivery Optimization Forum, July 11-12 held in San Antonio, TX to find out how leading organizations are utilizing outage management strategies and ways to deliver projects on time and on budget. Attendees will gain an understanding on how operators are developing strategic planning and scheduling methods, ensuring safe and quality outage execution.
Apple expects to expand its Silicon Valley workforce by nearly 50 percent during the next three years, signaling the company's faith in its ability to keep coming up with hit products like the iPhone and iPad. The projections detailed in a report released Tuesday envision Apple hiring 7,400 more workers at its Cupertino, California, headquarters between now and the planned completion of a new office complex in 2016.
The Italian government on Tuesday appointed a turnaround expert as administrator to oversee Europe's largest steel mill as part of an emergency decree to safeguard jobs while pushing ahead with an environmental cleanup at the plant linked to elevated cancer rates in the area.
Several economic figures for the 17 EU countries that use the euro all showed the same thing Wednesday — there's no sign of a recovery from recession. Eurostat, the European Union's statistics office, confirmed that the eurozone's economy as a whole shrank 0.2 percent in the first quarter of the year from the previous three-month period, with most sectors declining.
A new study by the Wyoming State Geological Survey has identified dozens of possible sources of rare earth metals in Wyoming in addition to deposits in the Bear Lodge Mountains that a company already has targeted for mining. State geologists gathered and analyzed 335 rock samples from around Wyoming over the past year, making use of $200,000 appropriated by the Legislature.
Toyota Motor Corp. said Wednesday it is recalling about 242,000 of its Prius and Lexus hybrid vehicles due to problems with their braking systems. The recall applies to about 233,000 Prius vehicles made between March and October 2009 and about 9,000 Lexus HS250h models made between June and October 2009.
The U.S. government is taking advantage of the recent run-up in General Motors stock to sell off another 30 million shares in the auto giant that it acquired in a bailout. The Treasury Department said Wednesday that it will sell the shares, plus another 20 million owned by a United Auto Workers retiree health care trust, in a public offering after the market closes Thursday.
There has been a steady upward trend in average effective tax rates (ETR) of industrial products and automotive companies from 2010 (26.1 percent) to 2012 (28.3 percent), despite a reduction in statutory rates of corporate income tax around the world, according to the PwC US 2013 Assessing tax report, a tax rate benchmarking study covering 316 companies across the following industries.
Today’s smaller manufacturers are creating enormous amounts of data — everything from new product designs to top-secret intellectual property, as well as a constant flow of customer and sales information that must be managed and protected every day. To say that this data is vital would be understating the value of its constant use, and any loss of information could be devastating.
A defiant Chrysler is refusing a government request to recall about 2.7 million sport utility vehicles to fix fuel tanks that could leak and cause fires in rear-end collisions. Chrysler said Tuesday that the National Highway Traffic Safety Administration has asked in a letter that the company recall Jeep Grand Cherokees from 1993 through 2004 and Jeep Libertys from 2002 through 2007.
An early morning fire has prompted the closure of a South Sioux City oat processing plant.The Sioux City Journal reports firefighters responded about 3 a.m. Monday to a fire on a manufacturing line at the Viterra grain processing plant. Tracey Shelton, a spokeswoman for plant owner Richardson International, says the plant is closed while crews assess the damage.
The European Union announced Tuesday that it is imposing anti-dumping levies on imports of Chinese solar panels, in a move that could trigger a trade war between two of the world's largest economies. EU Trade Commissioner Karel De Gucht said the 27-nation bloc will impose a tariff of about 12 percent on the import of solar panels, cells and wafers.
U.S. safety regulators are checking to see if up to 400,000 General Motors cars should be added to two recalls for defective air bags. The probe covers Chevrolet Cruze and Sonic small cars, the Chevrolet Camaro muscle car and the Buick Verano small car from the 2012 model year.
A fire breaks out in a Chinese factory, and panicked workers discover one exit after another is locked. That describes not only the poultry plant fire that killed 119 people Monday, but a toy-factory blaze that left 87 workers dead 20 years earlier. The similarities between the two worst factory fires in China's history suggest that little has changed for industrial workers even as the country has transformed its economy.
Much of the world's electronic waste ends up in Guiyu, China, where old parts are recycled but chemicals like mercury leak into the water. Cell phones arrive in this town by the truckloads, where locals are experts in sorting through the electronic trash.