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Daily industrial news and top headlines for plant and maintenance managers

U.S. Productivity Falls In 1Q

May 7, 2014 2:02 pm | by Josh Boak, AP Economics Writer | News | Comments

The falling productivity coupled with a slight increase in hourly compensation led to labor costs rising 4.2 percent in the first quarter.                                

Abysmal Scores For High School Seniors, Especially In STEM

May 7, 2014 1:51 pm | by Kimberly Hefling, AP Education Writer | News | Comments

In an abysmal showing, only about one-quarter of U.S. high school seniors performed solidly in math in a major assessment known as the nation's report card.                            

Slowing Chinese Economy Likely To Pinch U.S.

May 7, 2014 10:04 am | by The Associated Press | News | Comments

It is estimated that each 1 percentage point drop in China's economic growth causes as much damage to the U.S. economy as a $20-a-barrel increase in oil prices.                              

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U.S. Trade Deficit Drops In March

May 6, 2014 1:37 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit narrowed in March as exports rebounded to the second highest level on record, led by strong gains in sales of aircraft, autos and farm goods.               

Chinese Manufacturing Shrinks For 4th Month

May 5, 2014 9:22 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing contracted in April for the fourth straight month but the pace of decline was less severe, suggesting the downturn in the world's No. 2 economy is bottoming out.                    

Factory Orders Increase In March

May 2, 2014 1:50 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Orders to U.S. factories advanced strongly for a second month in March while demand in a key category that signals business investment plans increased by the largest amount in more than a year.                 

Mich. PMI Shows Solid Economic Growth For Detroit Area

May 1, 2014 2:05 pm | by The Institute for Supply Management - Southeast Michigan | News | Comments

That the PMI settled down a bit from March, only demonstrates that the rate of growth is continuing at a steady pace, overall.                                      

Chinese Manufacturing Growth Weak In April

May 1, 2014 1:52 pm | by The Associated Press | News | Comments

Chinese manufacturing grew weakly in April, suggesting a slowdown in the world's second-largest economy is stabilizing, an industry group said Thursday.                            

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GM's Former CEO Received About $9M In 2013

April 28, 2014 1:22 pm | by Tom Krisher, AP Auto Writer | News | Comments

Former General Motors CEO Dan Akerson's compensation fell 18 percent last year to just over $9 million, which the company said was due to the timing of stock awards.                         

IMF Raises Economic Growth Outlook For China

April 28, 2014 1:20 pm | by Joe McDonald, AP Business Writer | News | Comments

The International Monetary Fund raised its economic growth forecast for China on Monday but warned that its financial system faces risks due to the rapid expansion of debt.                       

Consumer Confidence Hits 9-Month High

April 28, 2014 9:52 am | by The Associated Press | News | Comments

U.S. consumer confidence surged in April, approaching the highest level since the recession began in 2007 as Americans reported greater optimism about their financial situation and the economy.                 

Positive Signs Point To A Good Year In Manufacturing

April 24, 2014 2:12 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

Positive numbers continue to indicate that manufacturing is shaking off its winter blues and that this could be a good year.                                    

GM Profit Sinks But CEO Sees No Recall Hit To Sales

April 24, 2014 2:06 pm | by The Associated Press | News | Comments

The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales.                    

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GM 1Q Profit Hit By Recalls

April 24, 2014 9:37 am | by Dee-Ann Durbin and Tom Krisher, AP Auto Writers | News | Comments

General Motors says first-quarter profit fell 86 percent as a series of recalls dragged down its earnings.                                           

Is ‘Low-Cost’ Manufacturing Headed To The U.S. Next?

April 23, 2014 9:48 am | by Joel Hans, Managing Editor, Manufacturing.net | Articles | Comments

A recent survey from Entrada Group posits a rather interesting conclusion: the U.S. is now considered the prime location for low-cost manufacturing, with Mexico a close second, and China falling far behind.           

Toyota Sells 2.58M Vehicles, Keeps Top Spot

April 23, 2014 9:28 am | by Yuri Kageyama, AP Business Writer | News | Comments

Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.                               

Gauge Of U.S. Economy Up

April 21, 2014 2:38 pm | by The Associated Press | News | Comments

Both hiring and consumer outlooks have improved, which along with interest rates fueled much of the index's improvement.                                     

Brewers Campaign to Bring Belgians Back to Beer

April 18, 2014 2:20 pm | by Raf Casert, Associated Press | News | Comments

Beer consumption in Belgium has dropped 27 percent since 1992, and brewers are trying to reverse this trend.                                         

Unemployment Rates Fall In 21 States

April 18, 2014 2:08 pm | by Josh Boak, AP Economics Writer | News | Comments

The Labor Department said Friday that unemployment rates dropped in 21 states, rose in 17 and were unchanged in the remaining 12.                                   

Chobani Is Moving Beyond Yogurt

April 18, 2014 1:50 pm | by The Associated Press | News | Comments

Chobani plans to expand beyond its Greek yogurt cups this summer as it faces intensifying competition in the fast growing category.                                  

U.S. Manufacturing Optimism Rises To Highest Level In 8 Years

April 17, 2014 5:02 pm | by PricewaterhouseCoopers LLP | News | Comments

The positive sentiment about the prospects of U.S. commerce in the next 12 months reached the highest level since the fourth quarter of 2005.                                

Fed: Growth Picks Up Across Most Of U.S.

April 17, 2014 2:28 pm | by Paul Wiseman, AP Economics Writer | News | Comments

Ten of the Fed's 12 regions reported an increase in economic activity, according to the Beige Book survey released Wednesday.                                   

Chinese Factories Face New Challenge As Growth Slows

April 17, 2014 2:05 pm | by The Associated Press | News | Comments

As China's growth inexorably slows, manufacturers such as Linan Meite Cable are discovering that being an efficient low cost producer is no longer enough to prosper.                         

What Impact Will The Recall Have On GM's Sales?

April 16, 2014 1:46 pm | by Tom Krisher, AP Auto Writer | News | Comments

Many expect GM sales to take a hit from a mishandled recall of small cars, though it's unclear when and how severe.                                       

U.S. Won't Name China A Currency Manipulator

April 16, 2014 9:57 am | by Marcy Gordon, AP Business Writer | News | Comments

The Obama administration is raising concern about the value of China's currency but is declining, as in recent years, to accuse Beijing of manipulating it.                            

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