Advertisement
Market Data
Subscribe to Market Data
View Sample

FREE Email Newsletter

Daily industrial news and top headlines for plant and maintenance managers

Mich. PMI Shows Sharp Upswing, Continued Growth

November 6, 2013 2:03 pm | by The Associated Press | News | Comments

The Southeast Michigan Purchasing Managers Index (PMI) for Oct. is 63.1, up from 59.9 in Sept., raising the three-month average for the economy to a robust 61.1. A PMI value above 50 generally suggests economic growth.         

Toyota Profit Jumps 70 Pct. Despite Sales Slip

November 6, 2013 10:05 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

Toyota's quarterly profit soared 70 percent, and the world's top-selling automaker raised its earnings forecast, as cost cuts and the weaker Japanese yen compensated for slightly weaker vehicle sales.                

OECD: Economic Crisis Hits Trust In Governments

November 5, 2013 9:30 am | by Raf Casert, Associated Press | News | Comments

The financial crisis of the past few years has severely sapped confidence in government around the globe, a think-tank representing the world's wealthiest economies said Tuesday.                     

Advertisement

U.S. Factory Orders Rise 1.7 Percent In September

November 4, 2013 1:46 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Orders to U.S. factories rose in September after two months of declines on a big jump in demand for commercial aircraft. But orders that signal business confidence in the economy fell.The Commerce Department says factory orders increased 1.7 percent in September from August.

Kellogg To Cut Jobs, Lowers Outlook

November 4, 2013 10:17 am | by The Associated Press | News | Comments

Kellogg says it plans to trim its global workforce by 7 percent, with the breakfast foods maker citing weaker-than-expected sales for the year.  According to FactSet, Kellogg has 31,000 employees, suggesting the company plans to cut about 2,170 jobs.

ISM: Manufacturing Continues Upward Momentum

November 4, 2013 9:50 am | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Articles | Comments

Economic activity in the manufacturing sector expanded in October for the fifth consecutive month, and the overall economy grew for the 53rd consecutive month, say the nation’s supply executives in the latest Manufacturing Institute for Supply Management (ISM) Report On Business.

AB InBev 3Q Profits Up 31 Percent

November 1, 2013 1:37 pm | by Toby Sterling, AP Business Writer | News | Comments

Anheuser-Busch InBev, the world's largest brewer, says its third-quarter profits rose as the takeover of new brands and higher selling prices offset the impact of lower sales volumes. The gain largely reflects the company's $20 billion purchase of the remainder of Mexico's Grupo Modelo.

Expert: Shutdown Hurt Midwest Business Conditions

November 1, 2013 1:29 pm | by The Associated Press | News | Comments

The stalling of the federal government contributed to worsening business conditions in nine Midwest and Plains states, according to a monthly economic report issued Friday.                       

Advertisement

U.S. Manufacturing Expands At Best Pace In 2½ Years

November 1, 2013 1:10 pm | by The Associated Press | News | Comments

U.S. factory activity expanded in October at the fastest pace in 2½ years, suggesting that the 16-day partial shutdown of the government had little effect on manufacturers.Instead, overseas demand and healthy U.S. auto sales appear to be supporting factory output.

Nissan Cuts Profit Outlook, Revamps Management

November 1, 2013 10:05 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

Ghosn attributed the weaker than expected performance to a variety of troubles, chief among them weakness in many emerging markets and painfully expensive recalls. He announced a management reshuffle that will make the company's chief operating officer, Toshiyuki Shiga, a vice chairman and appoint three other executives as COOs.

Chrysler IPO Could Happen By Year End

October 31, 2013 1:52 pm | by Colleen Barry, The Associated Press | News | Comments

On the heels of a profitable third quarter, Chrysler Group said it will proceed with a public offering of shares before the end of this year.                               

Big Bucks For Detroit's Big 3

October 31, 2013 1:22 pm | by CNNMoney | Videos | Comments

GM, Chrysler and Ford are hotter than Detroit Lions wide receiver Calvin Johnson. The automakers' earnings are strong, a promising sign for the Motor City.                           

Lower Joint Venture Income Hit Corning In 3Q

October 30, 2013 1:41 pm | by The Associated Press | News | Comments

 Glass maker Corning said Wednesday that its net income fell 23 percent in the third quarter on lower earnings from its joint venture with Samsung, which Corning is buying out.  The company gave a disappointing forecast for the fourth quarter, and shares slipped.

Advertisement

GM Revenue Rises 4 Pct, Just Short Of Wall Street Estimates

October 30, 2013 9:59 am | by Tom Krisher, AP Auto Writer | News | Comments

General Motors says third-quarter net income fell 53 percent compared with a year ago, as one-time expenses and losses in Europe offset strong performances elsewhere. The company earned $698 million in the quarter, or 45 cents per share. That compares with $1.48 billion, or 89 cents per share, a year ago.

Chrysler Group Reports Third-Quarter Net Income Of $464 Million

October 30, 2013 9:56 am | by Chrysler Group LLC | News | Comments

Chrysler Group LLC today reported its preliminary third-quarter 2013 results, including net income of $464 million, marking the Company’s ninth consecutive quarter of positive net income.                  

Fall In Auto Sales Lowers U.S. Retail Spending

October 29, 2013 9:50 am | by The Associated Press | News | Comments

A sharp drop in auto sales caused largely by a calendar quirk lowered U.S. retail spending in September. But Americans boosted their spending on most other goods, suggesting confidence in the economy ahead of the government shutdown.     

Apple's Earnings Fall Despite Rising iPhone Sales

October 29, 2013 9:44 am | by The Associated Press | News | Comments

 Apple's quarterly earnings are still sagging even as sales of its iPhones are rising, a vexing phenomenon feeding investor worries about whether stiffer competition in the mobile device market will continue to undercut the company's prosperity.

Unemployment Rate Falls To 7.2 Pct.

October 22, 2013 12:58 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

A tight job market has discouraged many Americans from looking for work. The percentage of Americans working or looking for work remained at a 35-year low last month.              

Rise, Fall, & Rise Of Rockford Factory

October 17, 2013 1:51 pm | by ALEX GARY, Rockford Register Star | News | Comments

Founded in 1854 as the Eagle Foundry, the Gunite plant is the oldest continuously operating manufacturing business in Rockford and even perhaps the Midwest. Crews make brake drums, disc wheel hubs and rotors, spoke wheels and automatic slack adjusters for such customers as Ford Motor and Daimler Trucks North America.

Factory Growth Slows Slightly In Philly Area

October 17, 2013 1:48 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

A survey showed manufacturing growth in the Philadelphia region slowed only slightly this month, suggesting the 16-day partial government shutdown had less impact on U.S. factories than many had feared.         

Gov't Reopens After Congress Ends 16-Day Shutdown

October 17, 2013 1:43 pm | by Andrew Taylor, Associated Press | News | Comments

The White House directed all agencies to reopen promptly and in an orderly fashion. Furloughed federal employees across the country are expected to return to work Thursday.             

Deal Reached To Avoid Default And Open Government

October 16, 2013 3:17 pm | News | Comments

While the emerging deal could well meet resistance from conservatives in the Republican-controlled House, the Democratic Leader, Rep. Nancy Pelosi of California, has signaled she will support the plan and her rank and file is expected to vote for it in overwhelming numbers.

Buffett: Allowing U.S. Default Would Be Idiocy

October 16, 2013 1:49 pm | by Joshua Freed, Associated Press | News | Comments

Buffett said he thinks it would be absurd for American politicians to do anything to damage the country's reputation for paying its bills that has been established over the past 237 years.           

GM Boosts Prices As Pickup Battle Rages

October 16, 2013 1:47 pm | by Tom Krisher, AP Auto Writer | News | Comments

The company says the price of the 2014 Chevrolet Silverado will go up almost $2,100 over the introductory price in the spring.                     

NY Factory Activity Grows More Slowly In October

October 15, 2013 1:44 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Factory activity in the New York region expanded more slowly in October, a sign that the partial government shutdown may be weighing on the economy.                 

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading