Tag: global economy

March 28, 2017

President Donald Trump is taking bold steps to boost the declining coal industry, but the moves won’t restore many of the jobs lost by coal miners in West Virginia, Ohio and Pennsylvania who helped the president win his job in […]

March 16, 2017

President Trump has already met with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto about his plans to re-negotiate NAFTA, which he often called “the worst trade deal in the history of this country” on the campaign […]

March 7, 2017

The U.S. Justice Department is seeking additional information from General Electric Co. and Baker Hughes Inc. over the pending merger to create an oil and gas behemoth. The department’s actions extend the waiting period related to the regulatory review until […]

March 7, 2017

ExxonMobil will invest $20 billion at 11 new and existing sites in the next 10 years to expand its manufacturing and export capacity along the Gulf of Mexico, the company announced March 6. The expansion program, which ExxonMobil is calling […]

March 2, 2017

General Motors Co. and Nissan Motor Co. posted U.S. sales gains that beat analysts’ estimates, as surging demand for pickups and sport utility vehicles tempers concerns about swelling inventory on dealer lots. GM said deliveries climbed 4.2% last month, while Nissan […]

February 23, 2017

President Trump’s promise to restore American manufacturing jobs contributed to his successful campaign. But now that he is in the White House, how should this administration best fulfill its promise to strengthen U.S. manufacturing? Indeed, the United States runs a […]

February 15, 2017

The viability and vitality of U.S. manufacturing has been restored, according to the current economic and political indicators, but in fact that restoration process has been in progress for several years, marked by trends like “reshoring” and demonstrated by capital […]

February 6, 2017

Axeon Specialty Products LLC is shuttering the U.S. largest asphalt refinery when the country might need it the most. The Stamford, Connecticut-based company announced last month it plans to close its Paulsboro, New Jersey, refinery, and convert it into a […]

February 2, 2017

Volkswagen AG agreed to pay $1.2 billion to resolve U.S. consumer claims over rigged large diesel engines, the latest step in working through a pile of legal challenges resulting from its emissions-cheating scandal. The proposed settlement, with the Federal Trade […]

January 30, 2017

For many companies, the 2008-09 recession was a time to scale back. But for Michael Araten, CEO and president of the toy company K’Nex Industries, it was a time to rethink and regroup. K’Nex, which makes Tinkertoys and Lincoln Logs […]

January 30, 2017

Automotive components manufacturing jobs have risen nearly 19% in the United States since 2012, according to a study released today by the Motor & Equipment Manufacturers Association (MEMA). More than 871,000 Americans are directly employed by the automotive parts manufacturing […]

January 27, 2017

“I’m going to get Apple to start making their computers and their iPhones on our land, not in China. How does it help us when they make it in China?” After his victory last March in the Super Tuesday primaries, […]

January 25, 2017

Defects that caused Samsung Electronics Co.’s Note 7 phones to burst into flames last year revealed that the industry’s voluntary standards for the design and manufacture of rechargeable batteries aren’t adequate to protect safety, a U.S. consumer-safety regulator has concluded. […]

January 11, 2017

After a remarkable 12-year boom, world aircraft industry output growth sputtered to a halt in 2016. The market fell 1.2% (in constant dollars) relative to 2015, the first aggregate decline since 2003. While military demand remains robust, most civil segments […]

January 9, 2017

It has played a key role in shaping and developing the U.S. economy throughout the history of the nation, especially after the start of the Industrial Revolution in the late 1700’s. Simply defined, manufacturing is the process of transforming raw […]

January 3, 2017

American manufacturing expanded in December at the fastest pace in two years, reflecting firmer output and the biggest pickup in orders growth since August 2009. The Institute for Supply Management announced today that its index increased to 54.7, the fourth […]

December 30, 2016

Apple Inc. wants India to offer tax concessions on iPhones that the company plans to manufacture in the country, a person with knowledge of the matter said. The company wrote to the industry ministry last month seeking lower import and […]

December 29, 2016

U.S. power generator Dynegy Inc. sees coal regaining some market share as President-elect Donald Trump promises to put more miners back to work. “Certainly more coal is good for us” and helps make coal-fired plants more profitable when natural gas […]

December 28, 2016

A towering South Korean-built manned robot that walks like a human and makes the ground shake under its weight has taken its first baby steps. Designed by a veteran of science-fiction blockbusters, the 13-foot, 3,000-pound Method-2 towers over a room […]

December 23, 2016

Canada’s gross domestic product shrank unexpectedly in October as factories suffered their worst month in almost three years, adding to signs that the country’s outlook is worsening. Output fell 0.3%, Statistics Canada said Friday in Ottawa. Economists surveyed by Bloomberg […]