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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...

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...

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...

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Daily industrial news and top headlines for plant and maintenance managers

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.                               

Chrysler Q2 Profit Up

August 6, 2014 2:40 pm | by The Associated Press | News | Comments

Chrysler Group says its second-quarter net profit rose 22 percent, fueled by rising sales in the U.S.                                           

Mondelez Lowers Forecast As Sales Fall Short

August 6, 2014 10:18 am | by The Associated Press | News | Comments

The maker of Oreo, Cadbury and Trident cited the challenging market conditions in scaling back its outlook for core sales growth to 2 to 2.5 percent. It had previously forecast growth of 3 percent.               

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Fiat Shares Plunge Over Chrysler Merger Worries

August 6, 2014 10:12 am | by The Associated Press | News | Comments

Fiat shares have been suspended temporarily after an excessive drop due to investor concerns that a planned merger with Chrysler may be blocked.                               

Toyota Profit Up Nearly 5 Pct.

August 5, 2014 9:16 am | by Yuri Kageyama, AP Business Writer | News | Comments

Toyota Motor Corp. reported a 5 percent jump in quarterly profit Tuesday, outpacing expectations as vehicle sales grew in North America and Europe, offsetting a drop in Japan.                      

Geopolitics Creep Into This Month’s ISM Report

August 4, 2014 4:41 pm | by Tia Nowack, Associate Editor - @TalesFromTia | Articles | Comments

Economic activity in the manufacturing sector expanded in July for the 14th consecutive month, and the overall economy grew for the 62nd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.   

U.S. Auto Sales Sizzle in July

August 4, 2014 2:23 pm | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Toyota, Ford, Nissan and Chrysler all saw double-digit sales gains. General Motors' sales were up 9 percent compared with last July, while Hyundai's rose 1.5 percent.                        

U.S. Manufacturing Expands Again in July

August 4, 2014 10:04 am | by Paul Wiseman, AP Economics Writer | News | Comments

The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose to 57.1, highest level since April 2011 and up from 55.3 in June.                   

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Study: 35 Percent in U.S. Facing Debt Collectors

July 31, 2014 4:05 pm | by Josh Boak, AP Economics Writer | News | Comments

More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.                          

Exxon Profit Surges, But Production Slips

July 31, 2014 4:03 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

Exxon Mobil's net income rose 28 percent in the second quarter on a sale of Asian assets and higher oil prices, but oil and gas production slipped a disappointing 6 percent.                        

Ethical Practices Take Back Seat To Price, Say Purchasers

July 31, 2014 3:43 pm | by Business Wire | News | Comments

Eighty percent of consumers believe it is important for companies and brands to behave ethically, however the most significant factors when shopping are price, value and quality.                     

Toyota Remains No. 1 in Global Vehicle Sales

July 30, 2014 11:50 am | by The Associated Press | News | Comments

Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal.            

U.S. Economy Grew at Strong 4 Pct Rate in Spring

July 30, 2014 9:42 am | by Martin Crutsinger, AP Economics Writer | News | Comments

After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending, the Commerce Department reported Wednesday.       

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Drugmaker Amgen Laying Off At Least 2,400

July 30, 2014 9:29 am | by Linda A. Johnson, AP Business Writer | News | Comments

Biologic drugmaker Amgen said Tuesday that it will lay off 12 to 15 percent of its worldwide workforce and close four sites, even as it reported stellar second-quarter results that trounced Wall Street expectations.             

Orders for Durable Goods Up in June

July 25, 2014 1:41 pm | by The Associated Press | News | Comments

Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans.                       

Japan Trade Deficit at Record $75B

July 24, 2014 1:51 pm | by Elaine Kurtenbach, AP Business Writer | News | Comments

Japan's trade deficit surged to a record 7.6 trillion yen ($74.9 billion) in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday.                

Ford 2Q Net Income Rises to $1.3B

July 24, 2014 1:49 pm | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years.                     

China's Factory Index at 18-Month High

July 24, 2014 9:39 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing rose in July to its highest level in 18 months, in a sign that mini-stimulus measures to shore up growth in the world's No. 2 economy have taken hold.                          

Private Jet Recovery From Recession Uneven

July 21, 2014 2:59 pm | by The Associated Press | News | Comments

The improving market has not been universal. Signs of strength have been in large-cabin planes, while sales of small and mid-sized planes stall.                               

Companies Report Rising Sales, Employment

July 21, 2014 2:54 pm | by The Associated Press | News | Comments

Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey.                   

Airbus Beats Boeing in Farnborough Orders Race

July 17, 2014 1:56 pm | by The Associated Press | News | Comments

Airbus beat rival Boeing in the aircraft order stakes at this year's Farnborough International Airshow, garnering nearly twice as many orders and commitments.                           

AirAsia X To Buy 50 Airbus Planes

July 17, 2014 1:38 pm | by The Associated Press | News | Comments

Long-haul budget airline AirAsia X has inked a deal to buy 50 Airbus A330neo planes as part of its regional expansion.                                      

Volkswagen Surpasses GM in Global Auto Sales Race

July 17, 2014 9:45 am | by The Associated Press | News | Comments

Volkswagen bumped General Motors out of second place in the global auto sales race during the first half of the year, but Toyota is expected to stay in first place.                         

Factory Output Rises for 5th Straight Month

July 16, 2014 1:24 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture.                                  

White House Says 2014 Deficit To Drop to $583B

July 14, 2014 12:32 pm | by Andrew Taylor, Associated Press | News | Comments

The government's budget deficit will drop to $583 billion this year, the lowest level of President Barack Obama's tenure, the White House said Friday.                             

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