Shore area man sentenced for drug manufacturing facility in Egg Harbor Township
MAYS LANDING, N.J. — A 32-year-old man from Egg Harbor Township was sentenced Monday to 15 years in New Jersey State Prison following his guilty plea to multiple weapons and drug charges…
German manufacturing contracts in April but output ticks up -PMI
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in almost three years in April, although firms increased output slightly as their supply chain problems eased, a survey showed on…
French manufacturing contracts further in April – final PMI
PARIS (Reuters) – France’s manufacturing sector contracted further in April as new orders fell and the impact of protests against the government’s plans to increase the retirement age hit business, a survey…
Manhattan Man Indicted for Ghost Gun Manufacturing and Narcotics Production
MANHATTAN, NY – Manhattan District Attorney Alvin L. Bragg, Jr., and New York City Police Commissioner Keechant L. Sewell announced today the indictment of Christopher Fox, 30, for possessing equipment to manufacture…
China’s Xpeng aims to cut costs with new vehicle manufacturing platform
SHANGHAI (Reuters) – China’s electric vehicle (EV) maker Xpeng unveiled on Sunday a new platform it developed in-house for making vehicles, which it said will reduce the development and manufacturing costs for…
Boeing 737 MAX manufacturing issue expected to “impact” Southwest Airlines
(Reuters) – Southwest Airlines expects an ongoing Boeing 737 MAX manufacturing problem to delay some plane deliveries this year, Southwest said Friday. “We are in discussions with Boeing to understand what that…
Biden’s ‘Green’ Manufacturing Plan Is Running Into a Huge Problem: Report
Biden’s ‘Green’ Manufacturing Plan Is Running Into a Huge Problem: Report John Hugh DeMastri on April 13, 2023 President Joe Biden’s push to boost “green” U.S. manufacturing is facing headwinds from a…
Location, location, location: U.S. manufacturing boom has a real estate problem
By Timothy Aeppel, Ben Klayman and Nichola Groom (Reuters) – Volkswagen’s off-road brand Scout Motors studied 74 different parcels of land across the U.S. last summer as it hunted for a place…
Intel to work with Arm on chip manufacturing compatibility
By Stephen Nellis (Reuters) – Intel Corp on Wednesday said its chip contract manufacturing division will work with U.K.-based chip designer Arm Ltd to ensure that mobile phone chips and other products…
Queens man pleads guilty in ghost gun manufacturing case
NEW YORK, NY – Yesterday, Andrew Chang, 35, of Bayside, Queens, pleaded guilty to criminal possession of a weapon in the second degree stemming from a March 2022 ghost gun bust. Chang…
German manufacturing activity downturn deepened in March -PMI
BERLIN (Reuters) – German manufacturing activity shrank in March at the fastest pace in almost three years, a survey showed on Monday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which…
China to boost support for high-end manufacturing – Premier Li
BEIJING (Reuters) – China will strengthen its policy guidance to support advanced manufacturing, Premier Li Qiang was quoted as saying by state radio on Wednesday. The world’s second-biggest economy is under increasing…
Mexico finds ‘serious irregularities’ in labor probe at VU Manufacturing
MEXICO CITY (Reuters) – Mexico’s government on Thursday said it concluded there were “serious irregularities” hindering free association and collective bargaining at U.S. auto parts maker VU Manufacturing’s operations in northern Mexico.…
GE plans to invest over $450 million to upgrade U.S. manufacturing in 2023
(Reuters) – General Electric said on Thursday it plans to invest more than $450 million in its existing manufacturing facilities in the United States this year and hire more than 1,700 employees,…
France’s manufacturing sector shrinks in Feb as export demand weakens -PMI
PARIS (Reuters) – Activity in France’s manufacturing sector declined in February, after stabilising the previous month, due in part to worsening export demand, a survey by S&P Global showed on Wednesday. “Moderate…
Italy’s manufacturing sector sees growth pick up in Feb -PMI
ROME (Reuters) – Growth in Italy’s manufacturing sector gathered speed in February, helped by a rise in output and a return to expansion of new orders as inflation fears recede, a survey…
Turkish manufacturing activity barely grows in February as quake disrupts production
ISTANBUL (Reuters) – Turkish factory activity expanded very slightly in February as massive earthquakes impacted the sector as some firms suspended production resulting in a slowdown in output and orders, a business…
Marketmind: China manufacturing PMI, Aussie GDP top data deluge
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A bumper data dump on Wednesday kicks off the new trading month in Asia, with…
Swiss economic growth flat in Q4 as exports and manufacturing drop
ZURICH (Reuters) – The Swiss economy showed no growth in the fourth quarter of 2022, the government said on Tuesday, as a “challenging international situation” hit manufacturing and exports. The 0% growth…
Philadelphia Fed manufacturing gauge plunges unexpectedly
(Reuters) – Manufacturing activity in the Mid-Atlantic region dropped off sharply and unexpectedly in February, and goods producers reported input cost increases accelerated for the first time in 10 months while their…
U.S. manufacturing output surges in January
WASHINGTON (Reuters) – Production at U.S. factories rebounded in January, but output in the prior month was much weaker than initially thought amid higher borrowing costs that are hurting the manufacturing sector.…
Japan to restrict chip manufacturing machine exports to China – Kyodo
TOKYO (Reuters) – Japan’s government will begin restricting exports of advanced semiconductor manufacturing equipment to China in Spring after it amends a foreign exchange law to allow the change, Kyodo News reported…
U.S. manufacturing sector sinks further in January – ISM
WASHINGTON(Reuters) – U.S. manufacturing contracted further in January as higher interest rates stifled demand for goods, but factories did not appear to be laying off workers in large numbers. The Institute for…
Pickup in French manufacturing offers hope as services sector still weak -flash PMI
PARIS (Reuters) – Output in the French economy fell slightly overall again in January, a purchasing managers’ survey showed on Tuesday, but manufacturing activity improved for the first time since August. A…
New Zealand manufacturing sector continues to contract in Dec -survey
WELLINGTON (Reuters) – New Zealand’s manufacturing sector contracted for the third consecutive month in December, while the negative mindset of manufacturers has picked up pace. The Bank of New Zealand-Business NZ’s seasonally…
U.S. manufacturing output tumbles in December
WASHINGTON (Reuters) – Production at U.S. factories fell more than expected in December and output in the prior month was weaker than previously thought, indicating that manufacturing was rapidly losing momentum as…
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