US Manufacturing Rises Nearly Three Points in January
iStockphoto/Thinkstock(NEW YORK) — U.S. manufacturing jumped in January to its highest level since last April, the Institute for Supply Management reported Friday.The index rose 2.9 points to 53.1 last month as factories are seeing a greater demand fo…
Lenovo to Start Making Computers and Tablets in the US
Lenovo(MORRISVILLE, N.C.) — While many PC companies have their headquarters in the U.S. — HP, Apple and Dell, for example — they build the computers overseas, primarily in China. Lenovo is going the other way, creating a PC production line in the U….
US Manufacturers Get Boost from Overseas Customers
ABC News(NEW YORK) — A few years ago, Signature Systems Group, which makes portable flooring and fencing products, had $10 million in annual sales and only sold its products in the U.S.Now, more than half of the Bronx, N.Y., company’s customers …
Obama Flubs His ‘Three Proud Words’
Alex Wong/Getty Images(WEST PALM BEACH, Fla.) — After bashing Mitt Romney’s “bad math” tax plan, President Obama also had some trouble adding things up.It’s a standard part of the president’s stump speech to tout his…
Jobs Report: US-Based Foreign Employers Don’t Care About Politics
iStockphoto/Thinkstock(NEW YORK) — As the country awaits the monthly jobs report for August to assess the state of the economy, it’s a good opportunity to look at the other side of the employment coin: The foreign-based U.S. employers who employ about…
Apple and Foxconn Make Progress on Working Conditions at Factories
Kevork Djansezian/Getty Images(NEW YORK) — The Fair Labor Association (FLA) says conditions are improving for the Chinese workers who assemble iPad and iPhones for Apple. Back in March, the FLA released a report on the poor conditions at Apple’s…
Fisker May Never Build Electric Cars in US
Peter Foley/Bloomberg via Getty Images(NEW YORK) — The luxury carmaker Fisker Automotive continues to signal it could ditch plans to build its next generation hybrid electric vehicle in the United States, despite the nearly $200 million in Obama admin…
Global Companies Expanding in US Towns
Asad Zaidi/Bloomberg via Getty Images (MALTA, N.Y.) — When Global Foundries was seeking a home for its new $7 billion factory, it skipped over Germany and Singapore, where it already has facilities, and settled on the small town of Malta in upstate Ne…
Obama to Promote Manufacturing in Virginia
JIM WATSON/AFP/Getty Images(WASHINGTON) — President Obama will use a visit to the battleground state of Virginia on Friday to announce plans for $1 billion in competitive grants to boost manufacturing.The president will outline a proposal to create a …