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Obama announces new Los Angeles-based manufacturing hub

manufacturing hub, LA

WASHINGTON (AP) — The Obama administration selected a Los Angeles group Monday to lead an effort aimed at making manufacturing companies more competitive globally by helping them consume less energy and produce less waste. The Smart Manufacturing Leadership Coalition in Los Angeles will receive $70 million from the federal government to establish the ninth of 15 “manufacturing hubs” that President ...

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Public power transparency is at risk

Editorial from Lincoln Journal Star. June 15, 2016. Public utilities can make a case for keeping some information secret on their costs for generating electricity, but they should be very careful where they draw the line. They should withhold only absolutely essential information from the public. To withhold anything more would distance the governing boards and executives from their owners – ...

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US industrial output fell in May; auto production plummeted

industrial output

WASHINGTON (AP) — Falling auto production fueled a broader decline in U.S. industrial output in May, a potentially worrying sign that manufacturers face economic challenges. The Federal Reserve said Wednesday that industrial output — which includes factories, mines and utilities — dropped 0.4 percent from April. The decline reversed the 0.6 percent gain seen between April and March, an improvement ...

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US retail sales rose in May despite slower hiring

WASHINGTON (AP) — U.S. shoppers increased their spending in May, a sign that consumers are undeterred by the recent slowdown in hiring. The Commerce Department said Tuesday retail sales rose a seasonally adjusted 0.5 percent last month, the second straight increase after a 1.3 percent gain in April. Retail sales appear to be improving after a weak start to 2016, ...

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Stock indexes fall yet again as British vote looms

NEW YORK (AP) — Stocks were declining for a sixth day Thursday as investors continued to brace for next week’s vote on whether Britain would remain a member of the European Union. Japanese stocks plunged 3 percent after the Bank of Japan decided not to increase its economic stimulus efforts. KEEPING SCORE: The Dow Jones industrial average fell 91 points, ...

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