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Factory Orders Post Record Drop

October 2, 2014 10:29 am | by Associated Press | News | Comments

Orders to U.S. factories fell in August by the largest amount on record, but the drop was heavily weighed by an expected plunge in volatile aircraft orders.                                

Rebuilding After Disaster Strikes

October 1, 2014 1:00 am | by Leon Smith IV, Vice President, Niagara Lubricant Company, Inc. | Articles | Comments

In August 2011, the factory owned by Niagara Lubricant Company, Inc., a Buffalo-area, family-...

Johnson & Johnson Buying Alios

September 30, 2014 10:52 am | by Associated Press | News | Comments

The deal includes Alios' portfolio of potential therapeutics for viral infections including...

Talent Shortages? Blame Salary, Not Just Training

September 30, 2014 1:00 am | by Chris Fox, Editor, Manufacturing.Net | Blogs | Comments

As the economy has turned around and employers...

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8 Tips For Maintenance Efficiency

September 29, 2014 1:00 am | by Scott McNeill | Articles | Comments

Manufacturers operate on thin margins, so wringing every drop of efficiency out of equipment is crucial. This is especially important in food manufacturing, where consumers are often price sensitive. In addition, unplanned line stoppages or processing delays can result in scrap or spoilage of high cost ingredients or products. Here are eight simple tips to keep your equipment properly maintained and running smoothly.

Exxon Mobil Corporation (NYSE:XOM) expects to start production at a record 10 major projects in 2014, adding new capacity of approximately 300,000 net oil equivalent barrels per day and contributing to profitable production growth

Judge Leaves Legal Openings For Villagers In Exxon Suit

September 25, 2014 10:34 am | by Associated Press | News | Comments

A federal judge has left a small legal opening for some Indonesian villagers to pursue a lawsuit against Exxon Mobil Corp. for human rights abuses allegedly committed by Indonesian troops guarding an Exxon natural gas field.                                 

America Loses Another Iconic Brand, Sort Of

September 24, 2014 4:19 pm | by Jon Minnick, Associate Editor, Manufacturing, Business Technology | Blogs | Comments

It looks like foreign investors are taking one more slice of Americana pie. News broke this week that Pabst is being sold to a Russian company, which begs the question, “Can we still claim it as our own?”

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Businesses Won't Have To Return BP Spill Payments

September 24, 2014 4:08 pm | by JANET MCCONNAUGHEY, Associated Press | News | Comments

BP wants its money back — hundreds of millions of dollars of it — but a federal judge said Wednesday that the oil giant must keep its promises to the companies it compensated for losses they blamed on the 2010 Gulf oil spill.                                            

Shale Supply Chain To Add 233,000 American Jobs

September 24, 2014 12:24 pm | by Energy Equipment and Infrastructure Alliance | News | Comments

Firms supplying goods and services to shale oil and gas producers will create more than 233,00 new American jobs over the next ten years, according to a new report.                                     

Save More, Work Smart: Top 3 Tips For Manufacturers

September 24, 2014 1:00 am | by David Schnitt | Articles | Comments

From managing complex supply chains to executing cost savings improvements, the manufacturing industry must keep a keen eye on the efficiency of their processes in order to be successful. But there is a worrisome trend in the industry: the over-reliance on purchase orders.   

The economic reports this week were mixed with several reports coming in weaker than expected.

Pace Of Growth Slows For Second Consecutive Month

September 23, 2014 4:46 pm | by American Chemistry Council | Articles | Comments

The Chemical Activity Barometer continued to see an easing of growth this month, with a 0.1 percent gain over August as measured on a three-month moving average.                                             

World Liquid Fuels Use Projected To Rise 38% By 2040

September 23, 2014 12:48 pm | by U.S. Energy Information Administration | News | Comments

World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to projections in International Energy Outlook 2014 (IEO2014), released by the U.S. Energy Information Administration (EIA).

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Stocks Drop As China & Oil Weigh On Markets

September 23, 2014 10:31 am | by STEVE ROTHWELL, AP Markets Writer | News | Comments

Worries about the outlook for growth in China and a slide in the price of oil pushed the stock market to its biggest loss in almost seven weeks Monday.                               

P&G Sells Pet Care Business To Spectrum

September 23, 2014 10:24 am | by Associated Press | News | Comments

The Procter & Gamble Co. is selling its Iams and Eukanuba brands in Europe to Spectrum Brands, shedding the remaining parts of its pet care business.                                     

Michigan Attorney General Sues Over Propane Costs

September 23, 2014 10:20 am | by Associated Press | News | Comments

The Michigan attorney general announced Monday he has filed a lawsuit against a propane seller alleging price-gouging last winter, and also noted the state has reached a more than $100,000 agreement with another propane company following hundreds of consumer complaints about pricing and delivery.

Business levels for manufacturers and suppliers of primary plastics machinery (injection molding, extrusion, blow molding, and thermoforming equipment) improved smartly in the third quarter of 2013. According to statistics compiled and reported by the Com

Another Strong Gain For Plastics Machinery Shipments

September 22, 2014 12:11 pm | by SPI: The Plastic's Industry Trade Association | News | Comments

The accelerating momentum in plastics machinery demand that emerged in the second half of 2013 was sustained through the first half of this year, according to statistics compiled and reported by the Committee on Equipment Statistics (CES) of SPI: The Plastics Industry Trade Association.

The economic reports this week were mixed with several reports coming in weaker than expected.

Chemical Production Accelerated During August

September 22, 2014 11:58 am | by American Chemistry Council | News | Comments

According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) continued to expand, rising by 0.5 percent in August on the heels of a 0.4 percent gain in July.                       

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Deal Inked For North Slope LNG Project

September 22, 2014 10:53 am | by Associated Press | News | Comments

The effort to truck North Slope natural gas to the Fairbanks area for home heating and electricity generation is closer to fruition.                                                     

Merck To Buy St. Louis Sigma-Aldrich

September 22, 2014 10:48 am | by DAVID McHUGH, AP Business Writer | News | Comments

German drug company Merck says it has agreed to buy St. Louis-based chemical firm Sigma-Aldrich Corp. for $17 billion in a deal Merck says will strengthen its business in chemicals and laboratory equipment.                      

4 Ways To Increase Manufacturing Output

September 22, 2014 1:00 am | by Philip Odette, CEO, Global Supply Chain Solutions | Articles | Comments

Manufacturers are always looking to push themselves and their machines harder to boost output and improve productivity. Four of the best areas to look at for improvements to output are the materials used, the incentives used to drive up numbers, the workers outside of the factory walls, and anyone with something to share.

Callon Petroleum Raises $122M From Stock Sale

September 18, 2014 10:18 am | by Associated Press | News | Comments

Callon Petroleum Co. has raised $122 million from a stock sale, with plans to use the proceeds to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas.                            

Royal Dutch Shell said Friday it is selling its Australian gasoline stations and refinery to energy trader Vitol Group for 2.9 billion Australian dollars ($2.6 billion).

Shell & Motiva Enterprises Pay Millions In Back Wages After Investigation

September 17, 2014 10:55 am | by U.S. Dept. of Labor | News | Comments

Shell Oil Co. and Motiva Enterprises LLC, which markets Shell gasoline and other products, have agreed to pay $4,470,764 in overtime back wages to 2,677 current and former chemical and refinery employees as a result of investigations by the U.S. Department of Labor that found violations of the Fair Labor Standards Act.

U.S. Current Account Deficit Dips

September 17, 2014 10:38 am | by MARTIN CRUTSINGER, AP Economics Writer | News | Comments

The U.S. current account trade deficit narrowed slightly in the April-June quarter, reflecting gains in exports of oil and civilian aircraft and a bigger surplus in Americans' overseas investment earnings.                                         

Trian Wants DuPont To Split Its Business

September 17, 2014 10:07 am | by Associated Press | News | Comments

Activist investor Nelson Peltz's Trian Fund Management LP wants DuPont to separate its business into two companies in an effort to boost shareholder value and improve its financial performance.                                            

Cargill To Close Corn Milling Plant

September 17, 2014 10:05 am | by Associated Press | News | Comments

Cargill will close its corn milling plant in Memphis, Tennessee early next year, citing its location outside of the corn belt and under utilization.                                                   

Refinery Closure Leads To High Asphalt Expense

September 16, 2014 10:37 am | by Associated Press | News | Comments

Road construction costs north of the Alaska Range have increased because of the higher cost of asphalt, a consequence predicted when the North Pole refinery stopped producing asphalt oil in June.                             

Keystone XL Operator Asks For PUC Recertification

September 16, 2014 10:35 am | by REGINA GARCIA CANO, Associated Press | News | Comments

The operator of the long-delayed Keystone XL crude oil pipeline has formally asked South Dakota's utility regulators to recertify the portion of the project that runs through the state.                                                             

North Carolina's environmental agency sought late Monday to delay its own settlement with Duke Energy a week after a busted pipe at one of the company's coal ash dumps spewed enough toxic sludge into the Dan River to fill 73 Olympic-sized pools.

Duke Energy To Spend $500M On Solar Power

September 16, 2014 10:34 am | by EMERY P. DALESIO, AP Business Writer | News | Comments

Duke Energy plans to invest $500 million in solar power to meet North Carolina's requirement that more of its electricity come from renewable energy.                                                               

Producer Prices Remain Unchanged In August

September 16, 2014 10:15 am | by CHRISTOPHER RUGABER, AP Economics Writer | News | Comments

A measure of prices that producers receive for their goods and services was unchanged in August, the latest sign that inflation is in check.                                  

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