Alcoa Inc. will permanently close the two remaining potlines at its Massena East plant in northern New York in the first quarter of this year, the company announced Wednesday.
Alcoa Inc. said Tuesday that it has completed a $300 million expansion at a plant that makes aluminum sheet products for the auto industry.
The Equipment Leasing and Finance Association, which represents the equipment finance sector, recently revealed its Top 10 Equipment Acquisition Trends for 2014. Given U.S. businesses will spend in excess of $1.5 trillion in capital goods or fixed business investment this year, these trends impact a significant portion of the U.S. economy.
The economic reports this week were mostly positive. Evidence from the non-manufacturing sector suggests that this broad section of the economy is improving. Finally, the factory orders report indicates that manufacturing is poised to grow in 2014, which should lift economic growth.
Shares of Alcoa Inc. tumbled before Friday's opening bell after the aluminum company reported a $2.34 billion loss for its most recent quarter, hurt by low aluminum prices.
Ohio and local development officials say they have an agreement with a Chinese auto parts producer to operate a plant near Dayton that could bring up to 800 jobs.
Black Hills Corp. says it's buying 400 miles of natural gas pipeline from MGTC Inc., a Wyoming public gas utility and an indirect, wholly owned subsidiary of Anadarko Petroleum Corp.
New York's newly released energy plan calls for increased use of renewable energy and clean technology and anticipates reduced utility bills and a more flexible distribution grid, but takes no position on hydraulic fracturing for natural gas in the fertile Marcellus Shale.
Outsourcing of biopharmaceutical manufacturing has been growing for several years, to the point where contract manufacturing has become a common strategic decision for developers, extending beyond simple non-core activities and into more high-value, technical ones.
Lawmakers will hear from backers of a proposal to increase taxes on horizontally drilled shale wells in Ohio.
Manufacturing activity reversed its previous two-month climb in the Southeast, widening the gap between the region and the nation, according to the Southeast Purchasing Managers Index (PMI) report released by Kennesaw State University’s Econometric Center in the Michael J. Coles College of Business.
Two Goodyear managers held captive by angry French workers were freed Tuesday after police intervened, ending two days of standoff over the factory's bleak future.
It's an assertion that has been accepted as fact by droves of the unemployed: Older people remaining on the job later in life are stealing jobs from young people. One problem, many economists say: It isn't supported by a wisp of fact.
Manufacturing continues to grow in the U.S., fueled primarily by innovations in technology and advances in the manufacturing process itself. With the advent of new, competitive technologies, next-generation manufacturers must zealously protect intellectual property and assets associated with such manufacturing technologies.
An official with Goodyear says workers at a restive plant in northern France have detained two managers in a conference room at the tire factory. "Boss-napping" became rampant in France in 2009 at the height of the economic meltdown, although the practice has since tapered off.
Coated papers maker Verso Paper is buying NewPage Holdings Inc. in a deal valued at $1.4 billion including debt.
An Indiana power plant that had been idle for six years and was scheduled to be decommissioned will find new use after a company purchased it at a bargain price.
Louisiana Attorney General James "Buddy" Caldwell has accused a federal judge of ignoring the state's claims over BP's 2010 Gulf oil spill and asked an appeals court to intervene.
The economic reports last week were largely positive. Personal incomes rose and helped propel consumer spending to a new level. A rebound in consumer confidence bodes well for further gains.
Economic activity in the manufacturing sector expanded in December for the seventh consecutive month, and the overall economy grew for the 55th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
A Labor Department watchdog has recommended ending a practice that allows reporters to review a key unemployment report before it is made public.
Denbury Resources Inc. is increasing its stock buyback program by $250 million.
Defense attorneys for a former BP engineer convicted of trying to obstruct a federal investigation of the company's 2010 Gulf oil spill claimed Thursday that jurors engaged in misconduct that warrants a new trial.
With the New Year upon us, let's take a few moments to consider the major sustainable energy trends in business from the past year. Many of these 10 trends represent milestones achieved in 2013 as the result of years of dedicated efforts. Others are of a more short-term nature. Each, however, played a big role in 2013.
There's no arguing the facts: in California, manufacturing is a huge element of the state's economy. Now, California's community colleges are stepping up to the plate—educating folks about the manufacturing industry while preparing them for real job opportunities.