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Survey Shows Chinese Manufacturing Improving

March 2, 2015 9:46 am | by The Associated Press | News | Comments

China's manufacturing activity improved in February for the first time in four months but export demand weakened, a survey released Monday showed.

Survey: China Factory Activity Up, But Export Orders Drop

February 25, 2015 10:19 am | by Kevin Chan, The Associated Press | News | Comments

China's manufacturing activity edged up to a four-month high in February although export...

Foreign Holdings of U.S. Treasury Debt Hit Record in December

February 19, 2015 9:45 am | by Martin Crutsinger, The Associated Press | News | Comments

Foreign holdings of U.S. Treasury securities rose to a record level in December despite...

Caterpillar Says U.S. is Investigating its Movement of Cash

February 19, 2015 9:40 am | by The Associated Press | News | Comments

The U.S. government is investigating how Caterpillar has been moving cash between its business...

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U.S. Appeals to Japanese Business to Help Push for Trade Pact

February 13, 2015 2:31 pm | by Elaine Kurtenbach, The Associated Press | News | Comments

Japan and the U.S. are moving closer to reaching agreement on market opening measures needed to conclude a Pacific Rim trade pact, a top U.S. envoy said Friday, urging Japanese business leaders to help bridge the last, difficult disagreements.

China Slowdown Doesn't Scare CAT

February 13, 2015 2:00 pm | by CNN Money | Videos | Comments

Caterpillar CEO Doug Oberhelman says he's actually hoping for a slower economic growth rate in China, and feels his company is well positioned

Retailers Fret as Products Languish on Ships, Docks at Ports

February 13, 2015 10:17 am | by Justin Pritchard, The Associated Press | News | Comments

Stores gearing up for warmer weather are fretting that they won't have some products to sell due to a labor crisis at West Coast seaports.

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Communication, Clarity Keys to Chemical Sector Success

February 10, 2015 9:43 am | by Jeff Reinke, Editorial Director, IMPO | Articles | Comments

Henk van der Ven, the vice president of Processes and IT for International Flavors and Fragrances, has been involved in systems analytics for manufacturing for over 20 years and he recently sat down with us and SAP Chemicals conference producer Thomas Martin to discuss some of the most significant trends impacting the marketplace.

MAPI: Is Cuba Open for Business?

February 9, 2015 12:26 pm | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

Cuba's Moment, a report from the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation, concludes that a strong manufacturing sector is unlikely to develop without aggressive action on a number of fronts, including domestic investment, inward investment, trade, workforce development, and access to capital markets.

Europe's ATR in Focus Again After 2nd Taiwan Air Disaster

February 5, 2015 4:44 pm | by Kelvin Chan, The Associated Press | News | Comments

European aircraft maker ATR is in the spotlight again after the dramatic crash Wednesday of a TransAsia Airways turboprop into a river in Taiwan. It's the second time in seven months that a TransAsia ATR has been involved in a fatal accident.   

U.S. Trade Deficit Jumps 17.1 Percent to $46.6 Billion

February 5, 2015 2:38 pm | by Martin Crutsinger, The Associated Press | News | Comments

The U.S. trade deficit in December jumped to the highest level in more than two years as exports fell and Americans bought a record amount of imports.                             

West Coast Port Employers: Shutdown Could Be 5 Days Away

February 5, 2015 10:40 am | by Justin Pritchard, The Associated Press | News | Comments

West Coast seaports could shut down in as soon as five days — hobbling U.S. trade with Asia — if dockworkers and their employers cannot reach a new contract.                           

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Report: Trade Deficit with Japan Resulted in Job Losses in Every State

February 4, 2015 2:33 pm | by Andrew Szal, Digital Reporter, IMPO | News | Comments

A new report says every state saw job losses due to a growing U.S. trade deficit with Japan, and warns Congress should not approve a proposed trade agreement without protections against Japanese currency manipulation.         

Report: Offshoring, Federal Policy Have Taken Toll on U.S. Industry

February 3, 2015 9:57 am | by Andrew Szal, Digital Reporter, IMPO | News | Comments

A new report says the U.S. has the most productive advanced industrial sector in the world, but warns the country is losing ground relative to other nations.                           

Russian Pipe Maker OAO TMK Laying Off at Pennsylvania Plants

February 2, 2015 5:00 pm | by The Associated Press | News | Comments

A Russian-based pipe manufacturer says the falling price of gasoline is fueling its decision to lay off 10 percent of its workers at two western Pennsylvania plants.                         

Q&A: The Changing Engineering and R&D Landscape

January 30, 2015 11:10 am | by Maura Falk, Associate Editor | Articles | Comments

Senior Vice President of Engineering and R&D Services of HCL, Sukamal Banerjee took some time to speak with IMPO about the demand of engineering and R&D services both domestically and abroad.               

German Automakers Lobby for U.S., EU Trade Deal

January 28, 2015 2:19 pm | by The Associated Press | News | Comments

German automakers are throwing their support behind a new trade deal being negotiated between the European Union and the United States.                                 

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Q&A: The State of the Engineering Services Outsourcing Market

January 28, 2015 12:27 pm | by Maura Falk, Associate Editor | Articles | Comments

Sampath Kumar, Partner and Global Leader at ISG (Information Services Group) Engineering Services, spoke with IMPO about the important trends and growth within the Engineering Services Outsourcing Market.             

The Next Global Markets for U.S. Businesses

January 26, 2015 2:19 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

The U.S. economy is surging ahead while areas like China, Europe and Russia struggle economically. In order to keep the momentum going for U.S. businesses, they’ll have to look at new global markets to expand.           

Japan Logs Record Trade Deficit in 2014

January 26, 2015 10:06 am | by Elaine Kurtenbach, The Associated Press | News | Comments

Japan's trade deficit ballooned to a record 12.8 trillion yen ($109 billion) last year as a weakening yen pushed the cost of imports higher despite a moderate recovery in exports.                     

Ford Mustang Goes Global With First Shipment to China

January 21, 2015 2:26 pm | by The Associated Press | News | Comments

The Ford Mustang is on its way to China. Ford says its first shipload of around 100 Mustangs has left Portland, Oregon, and is headed to China. Shipments to Europe will begin later this year.                 

India Still Plagued by Abandoned Asbestos Mines

December 22, 2014 2:31 pm | by Katy Daigle, AP Environment Writer | News | Comments

In Roro Village and other settlements below, people who never worked in the mines are dying of lung disease. Yet in a country that treats asbestos as a savior that provides cheap building materials for the poor, no one knows the true number and few care to ask.

Lone Holdout BMW Finally Joins Takata Recall

December 22, 2014 1:58 pm | by The Associated Press | News | Comments

The recall affects 140,000 BMW 3 Series vehicles made between January 2004 and August 2006. The company is calling its move a "voluntary improvement campaign" rather than a recall.            

Alstom SA to Pay $772M in Penalties to Resolve Corruption Case

December 22, 2014 1:47 pm | by Eric Tucker, Associated Press | News | Comments

"Alstom's corruption scheme was sustained over more than a decade and across several continents," Deputy Attorney James Cole said at a news conference. "It was astonishing in its breadth, its brazenness, and its worldwide consequences."   

Virginia Companies Find Success in International Exports

December 22, 2014 1:40 pm | by Michael Felberbaum, AP Business Writer | News | Comments

C.F. Sauer is loading its product on barges headed for places like Africa and New Zealand, and its international business is growing with the help of a unique state-run program.            

P&G Divests Camay, Zest as Brand Streamlining Continues

December 22, 2014 12:23 pm | by Business Wire | News | Comments

Unilever gobbled up the two soap brands for an undisclosed amount. A transfer of a manufacturing facility in Mexico is also part of the deal.                  

Obama: 2014 A 'Breakthrough Year'

December 22, 2014 11:58 am | by Julie Pace, AP White House Correspondent | News | Comments

Obama ticked off the year's improvements, citing lower unemployment, a rising number of Americans covered by health insurance and a historic diplomatic opening with Cuba, as well as his executive action on climate change.     

Businesses View Cuba's Prospects as Experts Caution: Be Patient

December 22, 2014 10:38 am | by Paul Wiseman, AP Economics Writer | News | Comments

A full lifting of the U.S. trade embargo could benefit, among others, U.S. farmers, auto and tractor makers, airline and hotel companies and telecom equipment makers, but it will likely be a long process to build the proper infrastructure in Cuba.

Chrysler Gives in to Gov't, Expands Air Bag Recall

December 22, 2014 10:16 am | by Tom Krisher, AP Auto Writer | News | Comments

After resisting for nearly a month, Chrysler has bowed to government demands and will expand a recall of driver's side air bag inflators across the nation.                

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