Secretary of Labor Thomas E. Perez announced $474.5 million in grants to community colleges and universities around the country for the development and expansion of innovative training programs in partnership with local employers. The grants are part of a multiyear, nearly $2 billion initiative to expand targeted training programs for unemployed workers, especially those impacted by foreign trade.
The Energy Department says it is selling a $192 million loan made to struggling electric car maker Fisker Automotive Inc. The sale, to be held next month, is the latest setback for a half-billion-dollar loan guarantee offered to the California car maker in 2009 as part of the Obama administration's program to promote green energy.
President Barack Obama, facing a budget showdown with Congress, is pushing his economic agenda to some of the nation's top corporate executives while cautioning Republicans not to precipitate a government shutdown or an unprecedented debt default.
Germany boasts the world's most powerful woman, Europe's most powerful economy and an industrial machine that's the envy of the planet. With all that muscle, it seems natural to assume the mantle of Europe's undisputed leader. But Germany is a reluctant giant — and this Sunday's national elections are unlikely to change that.
Sharp cuts in U.S. military spare parts orders are hurting United Technologies Corp.'s helicopter maker, Sikorsky, the chief financial officer said Tuesday, although he was more optimistic about prospects in Europe. CFO Greg Hayes told investor analysts that automatic U.S. federal budget cuts beginning in March could take a bigger bite out of profit in 2014 than the company initially expected.
To address coming workforce demographic changes, employers must create a corporate culture that promotes both safety and wellness. Healthy workers and a safe workspace reduce costs and increase productivity, so these efforts will be repaid fully.
How do you get from the vision to actual sales growth? Many articles on the wonders of vision statements imply that if a manufacturer writes a good vision statement that somehow it will be implemented (the rain dance myth). In my experience, visions and goals are never realized unless someone develops a plan that shows every department and manager what they must do to reach the goals.
Ford Motor Company is a global automotive industry leader, manufacturing or distributing vehicles across six continents. With 175,000 employees and 65 plants worldwide, the company has leveraged the dedication of its employees and UAW partnership to become more efficient, improve its product cadence, and be a more effective automotive industry competitor than ever before.
Business leaders from Oracle Corp., Ford Motor Co. and The Boeing Co. said Tuesday their companies have found that it makes sense to bring jobs back to the United States — even to smaller cities in places such as Montana. Oracle President Safra Catz said her company has been centering its cloud computing division in the nearby mountain town of Bozeman.
Car sales in Europe are still sagging despite the return of modest economic growth. For the first eight months of the year, passenger car sales in the European Union were off 5.2 percent to 7.84 million compared with the same period last year, the European Auto Manufacturers' Association said Tuesday. That's the lowest January-August figure since the group started keeping track in 1990.
A robust recovery for the global economy remains well out of reach. That's the view that emerges from a survey of economists just as the Federal Reserve is expected this week to reduce its stimulus for the U.S. economy. Europe has finally emerged from recession. Japan is growing after two decades of stagnation. And the United States is trudging ahead.
The gap in employment rates between America's highest- and lowest-income families has stretched to its widest levels since officials began tracking the data a decade ago, according to an analysis of government data conducted for The Associated Press.
U.S. factories increased output in August by the most in eight months, helped by a robust month at auto plants. The gains are a hopeful sign that manufacturing could help boost economic growth in the second half of the year. Manufacturing production rose 0.7 percent last month from July, the Federal Reserve said Monday.
Miller Electric, a leading manufacturer of welders and welding supplies, recently announced that its president, Mike Weller, has been recognized by the Wisconsin Technical College District Boards Association for his service to the Wisconsin Technical College System. Given the constant pressure that manufacturers face in attracting and replacing skilled workers, we asked Weller for some perspective on the future of the skills trades.
European carmakers can live and die by their mid-sized hatchbacks. And that category has long been the realm of the Volkswagen Golf. French carmaker Peugeot is hoping to change that with its redesigned 308. Every bit of this car shows the company is gunning for Golf customers: a sleek design, a minimalist interior and the promise of a low-emissions version that would rival VW's.
U.S. women have recovered all the jobs they lost to the Great Recession. The same can't be said for men, who remain 2.1 million jobs short. The biggest factor is that men dominate construction and manufacturing — industries that have not recovered millions of jobs lost during the downturn.
Maybe we can't buy — but we can look. The best thing about an auto show is the chance to gawk at and sit in cars most people can't afford. So here's a look at eight of the most striking and expensive new vehicles on display at the Frankfurt Auto Show. The show opens to the public Saturday and runs through Sept. 22; admission is 13 euros during the week, 15 euros on weekends.
Prime Advantage, a leading buying consortium for midsized manufacturers, announced the findings of its twelfth semi-annual Group Outlook Survey, revealing financial projections and top concerns of its member companies for the rest of 2013. The results show continued optimism about revenues and employment despite concerns about federal regulations and fiscal policy uncertainties.
The big SUV rolls on. Five years ago, when gas hit $4 per gallon, auto industry analysts boldly predicted that enormous SUVs would vanish like the automobile tail fin. On Thursday, General Motors is unveiling a completely redesigned lineup of its truck-based SUVs, three-ton behemoths that are still popular with drivers hauling around boats, campers and large families, or who like to sit high or feel safer in a heavy vehicle.
Dell Inc. will end its quarter-century history as a publicly traded company and try to engineer a turnaround away from the prying eyes of Wall Street following shareholders' approval Thursday of a $24.8 billion buyout offer from the company's founder.
A new report finds that the implementation of advanced manufacturing in the American South could help the region realize its economic potential and make a vital contribution to an industry-led strategy for a revival in U.S. economic fortunes.
The government is getting closer to selling all of its General Motors Co. stock. The Treasury Department said in its August report to Congress that it sold $811 million worth of GM common stock last month. The report dated Tuesday says the government has recovered about $35.4 billion of the $49.5 billion bailout it gave the Detroit automaker.
What has the U.S. learned five years after the financial collapse? Banking analyst Meredith Whitney and the Financial Times' Tom Braithwaite join Morning Joe to discuss. Has America steered itself out of the recession?
U.S. employers advertised fewer jobs in July but hired more workers, a mixed sign that suggests only modest improvement in the job market. Job openings fell 180,000 in July to 3.7 million, the Labor Department said Tuesday. That's down from 3.9 million the previous month, which was revised lower.
A car that transformed into a submarine in the James Bond movie "The Spy Who Loved Me" has been sold at a London auction for 550,000 pounds ($865,000). The distinctively-shaped white Lotus Esprit, designed for an underwater scene in the 1977 film starring Roger Moore, was sold at RM Auctions on Monday.