Puerto Rico is still considered one of the world's leading centers for pharmaceutical manufacturing, but the sector has been shrinking. The U.S. territory has been offering incentives for manufacturing plants to expand and is pushing to diversify its manufacturing base by seeking aerospace and information technology companies.
Agriculture business giant Monsanto Co. said Thursday it received approval from the Department of Agriculture for new cotton and soybean seeds designed to be used with a new herbicide formula. Monsanto's business is built on genetically modified seeds and herbicide.
According to Nager's January 2015 report, "It is easy to get the impression that American manufacturing has entered a new and exciting period of revival. Many in the media, along with consulting firms and economists, now tout the term 'manufacturing renaissance' to describe this so-called revival...If only that were true."
Manufacturing job growth increased dramatically in 2014 compared to the previous year, according to numbers from the federal Labor Department released Friday. The report from the Bureau of Labor Statistics showed the manufacturing sector added an average of 16,000 jobs per month last year, compared to gains of 7,000 jobs per month for 2013.
One day, could gathering supplies to build a home be as simple as hitting "Print" on your computer? Alastair Parvin and his colleagues at WikiHouse Foundation hope so. They say building homes from 3-D printed contruction materials isn't just innovative for its technology — it could be a cutting-edge solution for a coming "global housing crisis."
The oil boom that lifted home prices in Texas, Oklahoma and Louisiana is coming to an end. Crude oil prices have crashed since June, falling by more than 54 percent to less than $50 a barrel. That swift drop has started to cripple job growth in oil country, creating a slow wave that in the years ahead may devastate what has been a thriving real estate market.
A fight for control of DuPont Co. is intensifying after the hedge fund led by activist investor Nelson Peltz announced plans to nominate its own slate of four directors to the industry titan's board. Its shares edged higher in premarket trading.
In June, when oil cost $107 a barrel, U.S. employers added a healthy number of jobs — 267,000. Now, with oil below $50, hopes are rising that hiring in the United States is poised to intensify. Goldman Sachs forecasts that if oil stays near its current price, the economy will add 300,000 more jobs this year than if the price had remained at its June level.
"The separation of specialty chemicals will establish two strong companies that are better positioned to compete and profitably grow in their targeted markets," Chairman and CEO John A. Luke Jr. said in a statement on Thursday.
Oil giant Shell has agreed to pay a Nigerian fishing community 55 million pounds (about $83.5 million) for the worst oil spill in Nigeria, an unprecedented settlement that experts say could open a floodgate of litigation there and abroad.
Monsanto said Wednesday that its earnings fell 34 percent in its first fiscal quarter as South American farmers cut back on planting corn, reducing demand for the company's biotech-enhanced seeds.U.S. farmers harvested record crops of soybeans and corn last year, sending prices on those food staples to their lowest levels in years.
For chemical manufacturers, 2014 was a year of upbeat economic times — but this year wasn’t without its downbeat news, as accidents, recalls and even a murder mystery were thrown into the mix. Before we wave goodbye to 2014 forever, let’s revisit Chem.info’s most-clicked-on articles of the year and find out where the stories are now.
U.S. home values rose at a measured pace in November, a sign that demand remains weak as many buyers have been priced out of the market. The housing market faces an affordability crunch. Many potential buyers were sidelined by double-digit home price gains in 2013, which eclipsed average wage growth of roughly 2 percent.
Economic activity in the manufacturing sector expanded in December for the 19th consecutive month, and the overall economy grew for the 67th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. Manufacturing expanded in December as the PMI...
New Mexico regulators began taking testimony Monday on a plan that calls for shutting down part of an aging coal-fired power plant that provides electricity to more than 2 million people in the Southwest. Dozens braved frigid temperatures to talk about asthma, cancer and other health concerns.
The price of oil plunged again Monday and fell below $50 a barrel for the first time since April 2009 as evidence mounted that the world will be oversupplied with oil this year. The Energy Department estimates the drop in gasoline prices will save U.S. households $550 this year.
If you work in manufacturing, the free fall of gasoline prices has, in many ways, been a blessing: Feedstock and transportation costs are down, and consumer confidence is swinging way up. But of course, not everyone has been rejoicing. No matter where you fall in this mix of hope and dread, the main question is: How long will it last?
Buoyed by a resurgent economy, holiday sales, cheap gasoline and low interest rates, Americans headed to car dealers in droves last month, pushing full-year sales to what's likely to be the highest level since 2006. Fiat Chrysler, Nissan and Honda all reported strong December and annual U.S. sales early Monday, with Nissan and Honda hitting record numbers for the year.
Mississippi regulators and utilities are savaging the federal government's proposal to force Mississippi power plants to cut carbon dioxide emissions. In comments filed in December, leaders of utilities, state agencies and business groups called the U.S. Environmental Protection Agency's Clean Power Plan illegal, infeasible and economically unbearable.
Harvest Natural Resources cancelled the $275 million sale of its remaining assets in Venezuela after failing to garner approval from country's beleaguered government. Venezuela holds a 60 percent stake in Petroandina, a subsidiary of the Houston oil and gas company.
A financially troubled copper mine in Mohave County is laying of hundreds of workers. The Today's News-Herald newspaper reports that the Mineral Park mine near Kingman sent layoff notices to more than 350 workers on Monday. The company has been attempting to tell the mine but a possible sale fell through.
The company said Tuesday the 70,000-square-foot addition will make it more efficient, versatile and competitive in the marketplace. The latest expansion will bring its total plant size in Ponchatoula, including administrative headquarters and distribution facilities, to nearly 400,000 square feet.
CARBO Ceramics in Eufaula is expanding and adding 20 jobs, who will join 75 who already work for at the Eufaula plant. The company makes products and provides services for oilfield service companies and operators of natural gas and oil wells.
Conventional oil producers are not the only ones affected by falling oil prices. The energy crisis has also hit shale production and green energy in the U.S., Marin Katusa, chief energy investment strategist from Casey Research told RT.
The United States is back, and ready to drive global growth in 2015. After long struggling to claw its way out of the Great Recession, the world's biggest economy is on an extended win streak that is edging it closer to full health. But the new year doesn't look quite so bright in other major countries.