From coast to coast, states are rushing to impress Boeing with lavish incentive packages that offer property, labor deals and billions of dollars in tax breaks. All this in the hopes that the aerospace giant will select them to assemble the new 777X — or at least give them a wing to construct.
Which business technologies will lead the way in 2014? Research firms, journalists, and bloggers are gearing up to share their thoughts on this question and offer their predictions over the few weeks.
Wages in China are steadily rising at an annual rate in the double digits. Tax incentives for foreign manufacturers are expiring, energy costs continue to increase, and the cost associated with shipping are increasing. In short, China is becoming a far less attractive manufacturing option for American companies.
Autodesk, Inc., announced its Autodesk CAM 360 cloud-based solution for computer-aided manufacturing (CAM).
Helwig Corporation has launched a new line of shaft grounding systems intended to protect motors from bearing failure, which causes a great deal of motor downtime in industrial applications.
Snap-on Industrial’s new Pneumatic Torque Wrenches efficiently and accurately applies torque to fasteners, thanks to a dual speed gearbox, and pneumatic technology that controls input air pressure.
AutomationDirect has released the latest addition to its PLC offerings, the Do-more T1H Series PLC.
Obama says the plan to use renewables for 20 percent of electricity needs will help reduce pollution that causes global warming, promote American energy independence and boost domestic energy sources such as solar and wind power that provide thousands of jobs.
Get your first look at the 50th anniversary edition of the iconic car.
Under the civil penalty, Advanced Sterilization Products, a unit of J&J's Ethicon business, will pay $1.2 million to settle allegations that it made and sold "adulterated and misbranded" sterilization monitoring products, the FDA said. Two company executives will pay an additional $30,000 and $20,000, respectively.
Venucia is a leader in the latest twist in the world's biggest auto market: Chinese brands created by global automakers with local partners to sell foreign cachet at lower prices. The trend started with government pressure on global automakers to help create Chinese brands. But some are trying to turn that into a commercial advantage.
The Fit sold 26,235 units, up 181.5 percent from a year earlier, with its hybrid model with a fuel economy of 36.4 kilometers per liter drawing robust demand, according to the Japan Automobile Dealers Association and the Japan Mini Vehicles Association.
China has given Renault and a local partner approval to launch a $1.3 billion auto manufacturing joint venture, the French brand's first in the world's biggest vehicle market. Renault SA, maker of the Clio and Megane hatchbacks, is one of the last major auto brands without its own manufacturing in China.
Governor Nathan Deal has announced that flooring manufacturing company Mohawk Industries is planning to renovate two facilities in northwestern Georgia and create more than 400 new jobs. Deal said Wednesday that Mohawk industries is planning to invest $85 million in the renovation of two facilities in Rome and Dalton over the next two years.
GM said Thursday that Chevrolet will no longer have a "mainstream presence" in Europe and said the decision was "largely due to a challenging business model and the difficult economic situation" on the continent. GM has continued to lose money in Europe even as its performance elsewhere improves.
The solar panel installer SolarCity is beginning to address one of solar power's big drawbacks: The sun doesn't always shine. The solution: big battery packs that will provide backup power while lowering electric bills. The supplier: electric car maker Tesla Motors, whose CEO Elon Musk is also the chairman of SolarCity.
Activist investor Carl Icahn is seeking the support of Apple shareholders as he tries to pressure the iPhone maker into spending more of its cash to buy back the company's stock.
BP is leading an industry-wide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that conventional equipment would melt or be crushed by the conditions.
Andrew Barnes, President and CEO of Barnes Precision Machine, Inc. gives a quick, impromptu tour of their facility. This video shows some of the machining processes for parts of the AR15, including barrell contouring, carrier blank production, and bolt component manufacturing.
A federal judge in Michigan ruled that Detroit can cut public pensions as it enters bankruptcy - a decision that could effect the retirement of millions of current and former municipal workers. Anthony Mason talks to the "CBS This Morning" co-hosts about what it could mean for workers across the country.