Merck, the maker of blockbuster diabetes pill Januvia edged past Wall Street expectations, despite hits to revenue from multiple divestitures, patent expirations and the strong dollar, but its forecast for 2015 came in below Wall Street expectations.
Of the 111 manufacturing professionals responding to the Georgia-based company's survey, 55 percent indicated their organizations would increase their use of mobility, while 43 percent said they did not expect any changes. Eight-five percent of respondents also said their businesses planned to increase investments in their operations this year compared to 2014.
The efforts stemmed from the Beauty and Personal Care Products Sustainability Summit where event organizers concluded that product manufacturers should aim to produce safer consumer goods instead of simply relying on regulations or bans on specific chemicals.
The rapid increase in domestic oil production in recent years helped fuel a banner year for Texas' economy in 2014. As the price of oil has plummeted to less than half its summer value, however, the industry continues to bear the brunt of job cuts.
The report, titled "America’s Advanced Industries: What They Are, Where They Are, and Why They Matter," analyzed 50 high-technology industries, from aerospace to foundries to pharmaceuticals. Those sectors employed more than 12 million Americans directly and more than one-quarter of all U.S. jobs when indirect positions were factored in.
The net income figure includes a $5 billion writedown on the value of BP's inventories, after the price of Brent crude, the benchmark for North Sea oil, dropped almost 50 percent last year. BP posted a profit of $1.04 billion in the fourth quarter of 2013.
The drink has already started appearing on shelves and is expected to continue rolling out nationally over the next several weeks. It comes in sleek, plastic bottles reminiscent of milk cartons. At a supermarket in Indianapolis, a 52-ounce bottle of Fairlife was being sold for $4.59. By comparison, the national average cost for a half-gallon of milk is $2.18...
The lens is comprised of electrochromic polymers that would be controlled by a small electrical charge. When activated by the user, the charge alternates the electrochromic lens between clear and dark shades — which could be tailored to match all hues available in commercial sunglasses.
The strike is the largest at refineries in more than three decades, though the workers in question represent just a fraction of the roughly 30,000 USW members working at 63 refineries and plants, which account for about two-thirds of the nation's refining capacity.
Several trends have weighed on U.S. factories in recent months. Overseas economies are weak. And the dollar has risen steadily in value as the U.S. economy's strength has attracted international investors. Both trends have weighed on American firms' export sales.
Royal Dutch Shell PLC will move forward with drilling off Alaska's northwest coast if it can obtain permits it needs and drill safely, its chief executive officer said Thursday. Speaking in London on the company's fourth-quarter earnings, Ben van Beurden said Shell will move forward with its plan to use two drill vessels in the Chukchi Sea, subject to getting permits and legal clearance.
Multi-Color Corporation announced Friday that it's investing $13 million in its 120,500 square-foot manufacturing plant in Scottsburg. The company plans to increase operating efficiency, expand production volume and bring 154 jobs to the facility by 2020.
While plastics boast numerous social benefits, such extending the shelf life of food and reducing waste, efforts to keep it from impacting the environment have failed to keep pace with its use. It’s estimated that in the U.S., only 9 percent of post-consumer plastic was recycled in 2012...
Companies are looking for value-added innovations, reduced environmental impact and ways to set themselves apart from the competition, but not only that — they want to build a more sustainable, innovative business. This is where lessons from the pine resin industry can help.
In a sign of the impact on the oil sector of the slump in energy prices, Royal Dutch Shell Plc said Thursday it plans to cut spending by $15 billion over the next three years amid a drop in earnings. Shell is the first major energy company to report earnings, so its quarterly update is watched for hints on the performance of the wider industry.
The inter-connectedness, expansive footprints, and co-dependency within the process industries, and the dynamic supply chain interactions in an inter-enterprise network, form the basis for these “10 Top Resolutions” to building a better Supply Chain Operating Network in 2015 and beyond.
Corrie Banks and Kleo Landucci, executives at logistics services providing companies, can’t stress enough how they’d like to see fellow females continue to enter the supply chain workforce and break the stereotype of it being “a man’s world.”
The unanimous ruling from the high court represents a victory for M&G Polymers USA, which first sought to require retiree contributions to health coverage in 2006 after purchasing the plant six years earlier. It also tightens the standard for collective bargaining agreements that do not specify terms for lifetime benefits.
Changes to DuPont's portfolio and improved productivity boosted fourth-quarter earnings and helped to offset the negative impact of a stronger dollar. The company, based in Wilmington, Delaware, boosted its estimated costs savings from operational redesigns by $300 million, to at least $1.3 billion by 2017.
Domestic chemical production last month was up compared to the end of 2013 as indicators continue to show a healthy chemical market, according to the American Chemistry Council. Recent ACC analysis shows that chemical output in December was up 5.2 percent over December 2013, with increases reported in each of the seven geographical regions tracked by the industry group.
Royal Dutch Shell and Qatar Petroleum’s (QP) joint announcement last week that they have cancelled their planned $6.5 billion Qatari petrochemical project, called Al-Karaana, which will significantly change the global supply and demand balances for mono-ethylene glycol (MEG) and polyethylene terephthalate (PET) resins.
Police chief Art Walgren knew how much the oil boom had changed this once-sleepy town when he spotted something that would have been unheard of not long ago: license plates from Sinaloa, Mexico, home to one of the world's most violent drug cartels.
A year after an explosion ripped apart the JNS Biofuel plant, the rebuilt plant in New Albany has all the permits it needs to reopen. However, state and local officials don't know when that will happen. TJN Biofuel LLC's president and owner, Steve Bolin, has not given official notice yet.
The company, which had not been named as of Monday, will have combined sales of $15.7 billion and its board will include eight directors from Rock-Tenn and six directors from MeadWestvaco. Shares of both companies hit all-time highs late last week.
In the analysis from D.C.-based liberal think tank the Economic Policy Institute, author Robert E. Scott tabs the wage premium for manufacturing jobs at $1.78 per hour, calling the industry "a particularly important provider of jobs with good wages for workers without a college degree."