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Tag Archives: Manufacturing

Manufacturing in Midwest, including Minnesota, slumps in October

Conditions in Minnesota and other central U.S. factories fell yet again as manufacturers in October struggled with a drop in wholesale farm and energy prices and the strong U.S. dollar, according to a widely watched economic report released Monday. The Creighton University Mid-America Business Conditions Index also found that employment fell throughout its nine-state region as manufacturers let workers ago ...

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Honeywell revenue misses on weak demand from oil, gas customers

Honeywell International Inc <HON.N>, a maker of industrial, aerospace and auto components, reported lower-than-expected quarterly revenue, hurt by weak demand from oil and gas customers. The company, which got about 11 percent of its sales from the energy industry in 2014, also cut its full-year revenue forecast, sending its shares down as much as 3.2 percent to $95.33 on Friday. ...

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U.S. labor market tightens, strong dollar causing headwinds: Fed

WASHINGTON – U.S. labor markets continued to tighten but with little impact on wage growth while manufacturing across the United States is hurting from the recent strength of the dollar, the Federal Reserve said on Wednesday. Overall, U.S. economic activity continued to expand modestly from mid-August through early October, the Fed said in its Beige Book report of anecdotal information on ...

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Manufacturer to close Cuyahoga Falls plant, leave 53 jobless

CUYAHOGA FALLS, Ohio (AP) — Officials say a decision to outsource production has led to the imminent closure of a northeast Ohio manufacturing plant that will leave 53 people without jobs. The Akron Beacon Journal reports TerraSource Global will cease operations of its Cuyahoga Falls facility in December. The plant, which goes by the brand name Pennsylvania Crusher, makes heavy ...

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PennEast assures economic boost from proposed pipeline

Nearly 60 people have filed for interventions against PennEast Pipeline Co. LLC since last Thursday, when company announced its application to start construction on a 118-mile natural gas pipeline that would run from Wilkes-Barre, Pennsylvania to Mercer County, New Jersey. Despite opposition, PennEast emphasized the cost-cutting benefits nearby families and businesses could gain from the billion-dollar project. “The PennEast Pipeline ...

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Tech Sonic International Completes Development of New Industrial Cleaning Method

TORONTO, Aug. 12, 2015 — Tech Sonic International, the industry leader in industrial-class cleaning technologies, has announced that development has been completed on its latest version of its large-scale patented and powerful cleaning technology. The new technique combines the principles of chemistry with ultrasonic technology and has already allowed customers to see better results in a fraction of the time when compared ...

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