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Daily industrial news and top headlines for plant and maintenance managers

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 investors in China and Japan, the two biggest foreign owners of Treasury debt, cutting back on their holdings.

Brewers Battle Over Who Can Distribute Beer in Kentucky

February 13, 2015 2:23 pm | by Adam Beam, The Associated Press | News | Comments

Tensions between the emerging craft beer industry and one of the world's largest brewers have erupted into a regulatory fight about who can distribute beer in Kentucky.

FDA Panel to Review Application for 'Modified Risk' Tobacco

February 13, 2015 10:51 am | by Michael Felberbaum, The Associated Press | News | Comments

A Food and Drug Administration panel is planning to review smokeless tobacco maker Swedish Match's request to certify its General-branded pouches of tobacco as less harmful than cigarettes.

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Booming SUV Market Gets New Entries

February 13, 2015 10:28 am | by Dee-Ann Durbin, The Associated Press | News | Comments

One out of every three new vehicles Americans bought last year was an SUV, according to Kelley Blue Book. SUV sales rose 12 percent to more than 5.5 million. That was double the pace of the industry as a whole.

U.S. Cutting Tool Consumption Up 7.2 Percent in December

February 12, 2015 10:06 am | by The Association For Manufacturing Technology | News | Comments

December U.S. cutting tool consumption totaled $168.2 million. This total was up 7.2% from November’s total and up 20.3% from December 2013.

Investor Seeks $8B GM Stock Buyback, Seat on Board

February 10, 2015 2:29 pm | by Tom Krisher, The Associated Press | News | Comments

A General Motors stockholder representing four investment funds has told the company he'll seek a seat on its board at the annual meeting this summer and will push for an $8 billion stock buyback to take place by next year.        

$100 Oil Could Be At Least 3-5 Years Away

February 6, 2015 3:30 pm | by Bloomberg Business | Videos | Comments

Institute of International Finance's George Abed and Bloomberg Intelligence's Carl Riccadonna discuss the outlook for oil prices and production.                               

JM Smucker Buying Big Heart Pet Brands

February 4, 2015 2:54 pm | by Sarah Skidmore Sell, The Associated Press | News | Comments

J. M. Smucker Co. said Tuesday that it is buying pet food maker Big Heart Pet Brands in a $3.2 billion cash-and-stock deal, giving it a presence in the fast-growing $21 billion pet food industry.                

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U.S. Consumer Sentiment At Highest Point In 8 Years

December 23, 2014 12:29 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. consumers are more optimistic about the economy than at any other time in the past eight years, buoyed by more jobs and falling gas prices, a survey finds.                         

U.S. Orders For Durable Goods Fall In November

December 23, 2014 12:20 pm | by Josh Boak, AP Economics Writer | News | Comments

U.S. factory orders for long-lasting manufactured goods slumped in November, largely due to falling demand in the military and defense sectors.                               

U.S. Economy Grew At Fast Rate In Q3

December 23, 2014 11:18 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy grew at a sizzling 5 percent annual rate in the July-September period, the fastest in more than a decade, on the strength of consumer spending and business investment.                   

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.                  

Government Sells Remaining GM Bailout Stake

December 22, 2014 12:06 pm | by The Associated Press | News | Comments

Detroit-based Ally Financial, formerly GMAC Inc., said that the Treasury Department is selling its remaining 54.9 million shares. That amounts to about an 11 percent stake in the company.          

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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.     

Exxon, Chevron Shrug Off Effect of Low Oil Prices

October 31, 2014 2:14 pm | by Jonathan Fahey, The Associated Press | News | Comments

Falling oil prices hardly seem to be bothering the two biggest U.S. oil companies, but things could get tougher in the coming months.                                 

U.S. Cutting Tool Consumption Down 1.1% in July

September 10, 2014 4:29 pm | by The Association For Manufacturing (AMT) & The United States Cutting Tool Institute (USCTI) | News | Comments

July U.S. cutting tool consumption totaled $170 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology.                           

Manufacturing Technology Orders Down in July

September 9, 2014 5:18 pm | by The Association for Manufacturing Technology | News | Comments

July U.S. manufacturing technology orders totaled $354.63 million according to The Association For Manufacturing Technology. This total was down 11.5 percent from June and down 1.4 percent when compared with the total of $359.70 million reported for July 2013. 

Yellen: Job Market Makes Fed Hesitant on Rate Hikes

August 22, 2014 11:28 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Federal Reserve Chair Janet Yellen said Friday that the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.                 

Jell-O Can't Stop Slippery Slide

August 22, 2014 9:29 am | by Candace Choi, AP Food Industry Writer | News | Comments

Executives at Kraft Foods, which owns Jell-O, say they're confident they can revitalize the brand. But their efforts so far have been a disappointment.                             

Gauge of U.S. Economy Rises 0.9 Pct. in July

August 22, 2014 9:23 am | by Martin Crutsinger, AP Economics Writer | News | Comments

A gauge designed to predict the economy's future health posted the sharpest advance in four months in July, indicating the economy is gaining traction headed into the last half of the year.                  

Bourbon Production Reaches Highest Point Since 1970s

August 18, 2014 11:55 am | by Bruce Schreiner, Associated Press | News | Comments

In a business where patience is part of the process, Kentucky bourbon makers are making a big bet by stashing away their largest stockpiles in more than a generation.                        

Michigan Recovery Among Top in Nation

August 18, 2014 9:29 am | by Michigan Economic Development Corporation | News | Comments

An expansive survey of economic activity across the U.S. offers an endorsement of the strength of the Michigan recovery and a boost for the promising prospects for the state’s continual business growth.                

Why Global Turmoil Hasn't Sunk U.S. Markets. Yet.

August 15, 2014 1:26 pm | by Josh Boak and Bernard Condon, AP Business Writers | News | Comments

Here's a look at the strengths and weaknesses of the U.S economy and others, and why the calm in markets may or may not last.                                       

Factory Output Surges in July

August 15, 2014 9:55 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. factory output rose for the sixth consecutive month in July, led by a jump in the production of motor vehicles, furniture, textiles and metals.                              

Productivity Recovers After Steep 1Q Fall

August 8, 2014 10:09 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. workers were more productive in the April-June quarter and labor costs rose slightly, a sharp turnaround from grim first-quarter figures.                               

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