U.S. Factory, Jobs Data Suggest Economy is Slowing
Factory activity in the Mid-Atlantic region cooled in April and more Americans filed new claims for unemployment benefits last week, furthering signs of economic slowing.
manufacturing
Strong Housing and Auto Sales Boost U.S. Economy, Fed Says
A strengthening housing recovery and robust auto sales contributed to moderate growth across the U.S. in late February and March, according to a Federal Reserve survey.
Bristol-Myers Squibb Expansion to Add 350 Jobs
Drugmaker Bristol-Myers Squibb plans to spend about $250 million expanding a manufacturing complex it opened in 2009 for biologic treatments.
Why You May Be Feeling Left Behind in the Economic Recovery
Many of the U.S. economy's vital signs have recovered from the damage done by the Great Recession, but some measures have a way yet to go.
GM Plans to Invest $332 Million in 4 U.S. Factories
General Motors plans to invest $332 million into four factories in three Great Lakes states to build new, more efficient engines and transmissions.
Obama's Goal to Boost Export Levels is Halfway Home
President Obama's five-year goal, set in January 2010, to boost U.S. export levels set is about halfway to its mark, but can the U.S. sustain the momentum?
Housing Recovery Helps Boost March Auto Sales
U.S. sales of sport-utility vehicles and pickup trucks jumped in March, spurred by rising home prices and an increase in housing construction, major automakers report.
Rise in Demand for Aircraft Pushes Factory Orders Up 3% in February
Orders to U.S. factories rose sharply in February from January on a surge in volatile demand for commercial aircraft, the Commerce Department reported Tuesday.
Automakers Expected to Report Highest U.S. Sales Since 2007
Automakers are expected to report Tuesday that U.S. car and truck sales hit their highest level in nearly six years in March.
Stocks Weaken After Manufacturing Growth Slows
Stocks were slipping on Wall Street Monday morning after an industry group reported that U.S. manufacturing growth cooled in March and was weaker than economists had forecast.
Panasonic to Stay in Money-Losing TV Business -- For Now
Panasonic says it will get out of unprofitable businesses but stopped short of ditching its money-losing TV operations, as had been widely speculated.
Demand for Durable Goods Rises Sharply in February
A surge in commercial aircraft demand pushed orders for U.S. long-lasting manufactured goods up sharply in February, the Commerce Department reports.
Delta in Talks to Buy Jets from Boeing, Airbus, Sources Say
Delta Air Lines is in talks to purchase small and wide-body jets from Airbus and Boeing in deals potentially worth about $6 billion at list prices, sources say.
Airbus Gets Biggest Order Ever from Indonesia's Lion Air
Airbus signed its biggest deal ever Monday -- an order for 234 planes worth $24 billion from Indonesian's Lion Air -- and poached one of rival Boeing's most important clients.
State Of the Union: Obama Unveils Ambitious Jobs Agenda
In President Obama's State of the Union address Tuesday, he mentioned the word "jobs" 46 times, more often than he did in any of his prior presidential addresses, signifying what will be the focus of his second term.
Manufacturing Rose 1.1% Last Month on Rebound from Sandy
U.S. factories rebounded in November from Superstorm Sandy, boosting production of cars, equipment and appliances. The Fed says factory output increased 1.1 percent from October, offsetting a 1 percent decline from the month before, which was blamed on the storm.
Consumers Give U.S. Economy a Lift Before Election
Consumer confidence surged in October to its highest level in nearly five years. Americans were encouraged by recent declines in the unemployment rate. And they responded by spending more on cars and trucks, at retail businesses and on goods produced at U.S. factories.
No, Mr. Romney: Jeep Is Not Moving All Its Factories to China
Republican presidential candidate Mitt Romney told a crowd in Defiance, Ohio, on Thursday that Chrysler was considering moving "all production" of its iconic Jeep lineup to China. There's just one problem: It's not true.
U.S. Manufacturing Grows for First Time in 4 Months
U.S. manufacturing grew for the first time in four months, buoyed by a jump in new orders. The increase was a hopeful sign that the economy is improving.
Stocks Dip After Disappointing Manufacturing Data
The Commerce Department says orders for long-lasting factory goods, such as computers and industrial machinery, fell in July. That excluded gains from the transportation category, which is volatile and rose largely because of orders at Boeing.
IMF Says China's Economy Has Managed a 'Soft Landing'
China has achieved a "soft landing" in its economic slowdown, the IMF says, while cautioning that more sweeping reforms are needed to ensure healthy growth in the longer term.
Psst! Buddy! Want to Buy an Airplane ... Cheap?
Boeing has been announcing a significant number of multibillion dollar deals lately. But the aircraft maker's excellent news comes with a caveat: All of its customers have been scoring hefty discounts to the planes' sticker prices. What gives? Read on ...
10 Ways America Is Losing Its Superpower Status to China
Just a few years ago, most people around the globe viewed the U.S. as the world's leading economic power. Now, that title is passing to China, and here are 10 reasons why.
U.S. Factory Output Drops in May, Second Fall in 3 months
U.S. manufacturing output contracted in May for the second time in three months, the latest worrisome sign the American economy could be cooling.
Why These 11 State Economies Are America's Fastest Growing
In 2011, the U.S. economy grew by 1.5% -- slow, but enough to show the country is moving in the right direction. Driving that growth were a handful of sectors, and these 11 states.
Automakers Drive U.S. Factory Output Higher in April
U.S. factory output increased in April, helped by a gain in auto production. Busier factories have driven stronger hiring this year and helped the economy grow. The Federal Reserve said Wednesday that factory production rose 0.6% in April, erasing a 0.5% decline in March.
U.S. Factory Orders Take a Sharp (but Temporary) Dip in March
Demand for U.S. factory goods fell by 1.5% in March -- the biggest drop in three years -- driven by a sharp decline in orders for commercial aircraft. But airplane orders are a volatile statistic, and more recent data suggest the dip may be temporary. The Commerce Department said Wednesday that orders for factory goods fell 1.5%, the steepest decline since March 2009, when the economy was mired in recession. Orders rose 1.1% in February.
Durable Goods Orders Plummet in March; Aircraft Sales to Blame
Orders for long-lasting factory goods fell by the largest amount in three years last month, mostly because demand for commercial aircraft plunged. But companies also ordered less machinery and other equipment, a sign manufacturing output may slow.
Why to Be Glad America Isn't Making TVs Anymore
It's hard to complain too much about how Japan "stole" the high-tech electronics business from the U.S. More accurately, they took a low-margin business off our hands. And you know what we should be saying to that? Good riddance!