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IMF Cuts Forecast for U.S. Economic Growth

July 23, 2014 2:13 pm | by The Associated Press | News | Comments

The International Monetary Fund has shaved its forecast for U.S. economic growth this year, mostly because of a sharp contraction in the first quarter.                             

China Detains Meat Seller's Employees

July 23, 2014 2:10 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...

Could The U.S. Dip Back Into Recession?

July 23, 2014 10:06 am | by Bernard Condon, AP Business Writer | News | Comments

Sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, "When...

The Revival of American Manufacturing and the Middle Class

July 22, 2014 12:30 pm | by Mike Collins, Saving American Manufacturing | Blogs | Comments

America has been a very weak competitor in the game of globalization and has not used its power...

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Daily industrial news and top headlines for plant and maintenance managers

China's Suspect Meat Scandal Spreads

July 22, 2014 9:54 am | by Joe McDonald, AP Business Writer | News | Comments

A suspect meat scandal in China engulfed Starbucks and Burger King on Tuesday and spread to Japan where McDonald's said the Chinese supplier accused of selling expired beef and chicken had provided 20 percent of the meat for its chicken nuggets. 

China, Venezuela Deepen Economic Ties

July 22, 2014 9:39 am | by The Associated Press | News | Comments

China approved a $4 billion credit line and a flurry of new cooperative agreements Monday with Venezuela, its chief economic partner in Latin America.                             

U.S. Craft Breweries See Growth Overseas

July 22, 2014 9:31 am | by Michael Felberbaum, AP Business Writer | News | Comments

Helping to quench a growing thirst for American craft beer overseas, some of the United States' largest craft breweries are setting up shop in Europe, challenging the very beers that inspired them on their home turfs.            

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Australia Repeals 2-Year-Old Carbon Tax

July 18, 2014 2:23 pm | by Kristen Gelineau, Associated Press | News | Comments

Australia's government repealed a much-maligned carbon tax on the nation's worst greenhouse gas polluters on Thursday, ending years of contention over a measure that became political poison for the lawmakers who imposed it.         

Bolivia Legalizes Child Labor From Age 10

July 18, 2014 9:40 am | by Paola Flores, Associated Press | News | Comments

While most of the world is trying to diminish child labor, Bolivia has become the first nation to legalize it from age 10.                                     

Obama Aims To Stop Corporate Overseas Tax Moves

July 17, 2014 9:42 am | by Tom Murphy, AP Business Writer | News | Comments

The Obama administration is urging Congress to act swiftly to curtail a growing trend in which U.S. corporations reorganize overseas with foreign entities in part to trim their tax bills back home.                

UAE Plans First Arab Spaceship to Mars

July 16, 2014 1:39 pm | by Aya Batrawy, Associated Press | News | Comments

The United Arab Emirates, already home to the world's tallest tower, is now reaching for the stars.                                           

China Indicts Corporate Investigators Involved in GSK Probe

July 15, 2014 1:53 pm | by The Associated Press | News | Comments

Chinese authorities formally indicted two corporate investigators, an American and Briton, for allegedly illegally obtaining and selling private information, state media reported Monday.                   

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WTO Sides With China and India in U.S. Trade Disputes

July 14, 2014 12:40 pm | by The Associated Press | News | Comments

The world trade body has ruled against the United States in two disputes with India and China, telling the U.S. government it must abide by international rules.                           

Halliburton Enters Into Energy Joint Venture in China

July 14, 2014 12:36 pm | by The Associated Press | News | Comments

Halliburton said Friday it is entering its first joint venture in China that will use hydraulic fracturing, or fracking, to unleash energy.                                

Gov't Sets Duties on Steel Pipe Imports

July 14, 2014 9:40 am | by The Associated Press | News | Comments

The U.S. government has imposed duties on imports of steel pipe from South Korea, India and seven other countries, ruling in favor of U.S. steel producers and unions that had complained those countries were unfairly flooding the American market. 

Samsung Suspends Chinese Supplier

July 14, 2014 9:37 am | by Youkyung Lee, AP Technology Writer | News | Comments

The South Korean company, which is the world's biggest smartphone maker, said in its blog Monday that it had found possible evidence of child labor and illegal hiring at Dongguan Shinyang Electronics Co.              

China Accused of 'Gluttonous, Naked Aggression'

July 11, 2014 2:48 pm | by Matthew Pennington, Associated Press | News | Comments

The chairman of the House Intelligence Committee on Thursday accused China of "gluttonous, naked aggression" in its drive to control territory and resources in the South China Sea.                    

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Whirlpool Buys $1B Stake in Italy's Indesit

July 11, 2014 9:45 am | by The Associated Press | News | Comments

Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker's counterpart in Italy.                                     

Wisconsin Gave Money to 2 Companies That Outsourced Jobs

July 11, 2014 9:34 am | by The Associated Press | News | Comments

Both companies received millions of dollars in financial awards from WEDC, only to later lay off workers whose jobs were taken by employees at the companies' foreign facilities.                     

Samsung Faces New Child Labor Claim in China

July 10, 2014 9:38 am | by Youkyung Lee, AP Technology Writer | News | Comments

Samsung is facing a fresh accusation that one of its China suppliers hired children to meet production targets during a period of high demand from the South Korean electronics giant.                    

China, U.S. Differ on Plan To Cut Emissions

July 9, 2014 1:42 pm | by Louise Watt, Associated Press | News | Comments

China and the United States took small steps toward their shared goal of fighting climate change on Wednesday, but the world's No. 1 and No. 2 carbon emitters remain significantly apart over a wider global plan to cut emissions.       

Old Tires Find New Lives in Myanmar

July 9, 2014 1:34 pm | by Aye Aye Win, Associated Press | News | Comments

Old truck tires are transformed into rubber washers and bushings for cars and rice mills. Machine parts, buckets and flip-flops are among the biggest sellers for tire recyclers like Nyunt.                   

China: It's Up To U.S. To Drive Global Economy

July 9, 2014 1:20 pm | by Louise Watt, Associated Press | News | Comments

China's finance minister said Wednesday that the country is not planning any new stimulus measures and it is up to the United States to drive the global economy.                          

EU Fines Drug Makers $580M

July 9, 2014 9:56 am | by The Associated Press | News | Comments

The European Union's antitrust body is imposing a fine of 428 million euros ($580 million) on France's pharmaceutical company Servier and five producers of generic medicines for distorting competition.              

Chinese Auto Sales Cool in June

July 9, 2014 9:54 am | by Kelvin Chan, AP Business Writer | News | Comments

Car sales in China cooled in June, with domestic brands falling further behind their foreign rivals in the world's biggest auto market, an industry group reported Wednesday.                      

Boeing Gets $56B Emirates Airline Order

July 9, 2014 9:52 am | by The Associated Press | News | Comments

Boeing has finalized a $56 billion agreement to build 150 777X aircraft for Dubai's Emirates Airline. The order's value is based on list prices, which can vary greatly after negotiations.                  

Fighting for American Jobs

July 8, 2014 2:11 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

With the U.S. steel market being flooded with imports of pipe from South Korea and other nations, state-side manufacturers are being forced to idle or shutdown factories, putting at risk nearly 600,000 American jobs.         

Walmart’s First-Ever “Made in the USA” Open Call for Suppliers

July 8, 2014 1:39 pm | News | Comments

For the first time ever, Walmart is opening its doors to more than 500 manufacturers today at its world headquarters during the company’s first-ever “Made in the USA” open call.                      

5 Factors That Helped the U.S. Economy

July 8, 2014 9:52 am | by Paul Wiseman, AP Economics Writer | News | Comments

How does the U.S. economy do it? Europe is floundering. China faces slower growth. Japan is struggling to sustain tentative gains. Here are five reasons the United States is outpacing other major economies.             

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