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Daily industrial news and top headlines for plant and maintenance managers

Consumer Prices Rise by Most in 10 Months

May 15, 2014 2:10 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Higher food and gas costs pushed up U.S. consumer prices in April by the most in 10 months, evidence that inflation is ticking up from very low levels.                             

Sony Quarterly Losses Sink To $1.3B

May 14, 2014 1:25 pm | by Yuri Kageyama, AP Business Writer | News | Comments

Sony Corp. sank to a 138 billion yen ($1.3 billion) quarterly loss, hit by costs from selling its personal computer business, and is forecasting more red ink as it struggles to execute a long-promised turnaround.            

U.S. Producer Prices Up In April

May 14, 2014 10:00 am | by The Associated Press | News | Comments

The prices U.S. companies receive for their goods and services rose by the most in seven months in April, led by more expensive food and higher retail and wholesale profit margins.            

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Frozen Food Group Fights Lagging Sales

May 12, 2014 2:49 pm | by The Associated Press | News | Comments

Frozen food makers plan to launch their first national TV ad in defense of their products on Tuesday as the category fights to boost slipping sales.                              

Chrysler Reports $690M 1Q Loss

May 12, 2014 1:35 pm | by The Associated Press | News | Comments

Chrysler Group lost $690 million in the first quarter due to charges related to its merger with Italian automaker Fiat SpA.                                      

Nissan Profit Up as Sales Outpace Industry

May 12, 2014 9:49 am | by Yuri Kageyama, AP Business Writer | News | Comments

Nissan's quarterly profit edged up nearly 5 percent as sales grew around the world and a favorable exchange rate helped earnings.                                    

Wholesale Stockpiles Rise in March

May 9, 2014 2:01 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. wholesale businesses increased their stockpiles in March by the largest amount in five months while sales increased at the fastest clip in 10 months.                            

McDonald's Reports Flat April U.S. Sales

May 9, 2014 10:12 am | by The Associated Press | News | Comments

McDonald's says a key sales metric was flat in April in the U.S., as the world's largest hamburger chain worked to fend off competitors and improve service in its restaurants.                      

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Chinese Auto Sales Rebound In April

May 9, 2014 9:21 am | by Joe McDonald, AP Business Writer | News | Comments

Passenger vehicle sales rose 11.6 percent to 1.6 million vehicles. That was up from March's 7.9 percent growth.                                        

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.                              

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.               

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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.                            

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.                    

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.                               

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