Manufacturing news
December 2003 - View Entire Month
Gross domestic product increases in third quarter
Real gross domestic product—the output of goods and services produced by labor and property located in the United States—increased at an annual rate of 8.2 percent in the third quarter of 2003, according to revised estimates released by the US Department of Commerce’s Bureau of Economic Analysis today.
23 Dec 2003 14:39
Mass layoffs down in November
Employers initiated 1,438 mass layoff actions in November, down from 1,523 in October, according to data from the US Department of Labor's Bureau of Labor Statistics.
23 Dec 2003 16:38
Delphi announces $469 million in steering column business
Troy, MI-based auto parts manufacturer Delphi Corp. announced steering column manufacturing contracts in North America, Europe and Asia which will bring Delphi $469 million over the life of the contracts.
22 Dec 2003 14:48
November 2003 - View Entire Month
Durable goods orders, shipments and inventories up
New orders for durable goods in October were up 3.3 percent from September, while shipments and inventories also showed gains, according to a report from the US Department of Commerce released today.
26 Nov 2003 16:58
Initial unemployment claims, layoffs decrease
According to a report released today by the US Department of Labor, initial jobless claims dropped last week, bolstered by reports of decreased layoffs in the manufacturing, textile and construction industries.
26 Nov 2003 17:35
GDP increases in third quarter, exports increase
Real gross domestic product (GDP) increased considerably in the third quarter to an annual rate of 8.2 percent, the US Department of Commerce reported today.
25 Nov 2003 19:02
October 2003 - View Entire Month
US has second-most competitive economy, says report
The World Economic Forum ranked the United States as having the second-most competitive economy, behind Finland, according to a report released this week.
31 Oct 2003 19:14
GDP rate increases to 7.2 percent
Gross domestic product (GDP) increased sharply in the third quarter to an annual rate of 7.2 percent, the U.S. Department of Commerce reported today, the fastest rate since 1984.
30 Oct 2003 17:01
Unemployment claims drop, fewer manufacturing layoffs cited
The U.S. Department of Labor reported today that overall initial unemployment claims fell last week, and fewer manufacturing layoffs were reported in several states.
30 Oct 2003 18:43
September 2003 - View Entire Month
Workers of the world depressed
Job dissatisfaction is at an all time high, according to the Conference Board by NFO WorldGroup. NFO is one of TNS group of companies (LSE: TNN).
30 Sep 2003 14:07
Boeing predicts huge Asian market
Not all the news about manufacturing and China is bad for US firms.
19 Sep 2003 15:42
Deaths on the job decrease
According to the US Bureau of Labor Statistics, it's safer to collect a paycheck this year.
18 Sep 2003 16:32
August 2003 - View Entire Month
The word on work
The Employment Policy Foundation released this week its annual Workplace Report, which focuses on employment and production issues. The findings show that even with many issues of uncertainty, progress continues apace.
29 Aug 2003 14:44
Latest economic reports show promise
New orders for manufactured durable goods in July increased $1.7 billion or 1.0 percent to $174.0 billion, the Department of Commerce, U.S. Census Bureau reported yesterday.
28 Aug 2003 15:17
Glass plant to close
Owens-Illinois, Inc., the largest manufacturer of glass containers in North America, announced that the company will not rebuild its plant in Hayward, CA. 170 employees will be affected.
27 Aug 2003 16:30
July 2003 - View Entire Month
Surge in US GDP
The US economy has surged by 2.4 per cent in the last quarter.
31 Jul 2003 16:04
Goodyear affected by high raw material prices
Goodyear has reported second quarter losses of $73.6 million.
30 Jul 2003 16:18
More losses predicted for Axcelis
Axcelis Technologies have announced second quarter losses of $78.9 million.
30 Jul 2003 16:53
June 2003 - View Entire Month
Colgate's ring of confidence
Colgate-Palmolive reacted today to what it called "an ambiguous comment made by a sell-side analyst" by reaffirming its positive financial results and expectations.
27 Jun 2003 16:32
Rates cut by one-quarter percent
Officials hope the first reduction in interest rates since November will jump start the economy
25 Jun 2003 21:19
RFID usage could save manufacturers billions
Manufacturers coud reap benefits from improved asset utilization, inventory accuracy, and customer service
19 Jun 2003 13:45
May 2003 - View Entire Month
Toyota Reports Record Year-End Results
Reporting from Tokyo this morning, car maker Toyota announced that its highest-ever vehicle sales and cost reduction efforts had been the key drivers of record results for the tear ended March 31, 2003.
08 May 2003 9:02
DEFENSE: Technology test bed for Littoral Combat Ship
Rolls-Royce will jet propel Navy’s X-Craft catamaran
01 May 2003 11:25
EXPORTS: Commerce Department introduces plan to remove export obstacles
...and trade barriers to come down
01 May 2003 11:29
April 2003 - View Entire Month
Honda’s income record high
Honda’s net income for the year ended 31 March 2003 has set a record high totalling $3,550 million, an increase of 17 per cent from the same period last year.
28 Apr 2003 12:56
American Chrysler facing tough year ahead
The world’s fifth-largest car maker DaimlerChrysler has admitted that the outlook for American Chrysler remains bleak for the next 12 months.
25 Apr 2003 10:19
Dell overtakes HP as leading PC vendor
Dell has once again overtaken Hewlett-Packard as the leading vendor in the midst of a slow worldwide PC market.
18 Apr 2003 9:35
March 2003 - View Entire Month
Honda recognizes BorgWarner for supplier performance
For the second year, BorgWarner TorqTransfer was recognized by Honda America for its achievements in providing outstanding quality and delivery over the past 12 months.
31 Mar 2003 23:08
Deloitte Touche Tohmatsu Ends Discussions to Separate Deloitte Consulting
Deloitte Touche Tohmatsu blamed an uncertain economy and and a fall off in consulting work in announcing its decision to end discussions to separate Deloitte Consulting through a buy-out of that practice by the consulting group's partners.
29 Mar 2003 12:15
R-R to power experimental US Navy catamaran
Rolls-Royce has announced today that its Kamewa waterjets have been selected for X-Craft, an experimental high-speed aluminum catamaran.
28 Mar 2003 15:28
February 2003 - View Entire Month
Chicago’s PMI increased in February
Chicago’s Purchasing Managers Index increased to 54.9 in February because of an influx of new orders and increased production, surpassing analysts’ expectations of 52.5.
28 Feb 2003 20:02
IBM paves the way for a new generation
IBM is in the process of establishing several joint research centers at universities across the US to better educate tomorrow’s manufacturing workforce on the importance of supply chains, a move that will eventually improve its own operations.
28 Feb 2003 16:48
US Fuel Cell Council to exhibit at SAE World Congress
The US Fuel Cell Council (USFCC) will be exhibiting at the 2003 World Congress held by the Society of Automotive Engineers (SAE) in early March in Detroit Michigan.
28 Feb 2003 17:10
January 2003 - View Entire Month
Baroody tells Senate Budget Committee US manufacturers need help
Michael Baroody, executive VP of the National Association of Manufacturers, met with the Senate Budget Committee to stress that the recent economic recession has taken its greatest toll on manufacturers, urging Congress to further encourage economic growth to boost US manufacturers.
29 Jan 2003 18:49
US Steel sees increase in returns with tariffs
Because of the steel tariffs instituted last March by the Bush Administration, US Steel reported a fourth quarter return in profit of $12 million, versus its net losses of $174 million the year before.
29 Jan 2003 14:48
Durable goods increase 0.2%
Manufacturer’s new orders for durable goods increased 0.2% during December, following a revised drop in November of 1.3%, the Commerce Department stated in its latest report.
28 Jan 2003 22:31