Latest Industrial equipment manufacturing News

Ex-Minnesota elevator manager pleads guilty in swindle

Feb. 14, 2019 8:02 PM EST

MINNEAPOLIS (AP) — The former manager of a western Minnesota grain elevator pleaded guilty Thursday in a swindle that cost his employer millions of dollars so he could pay for hunting safaris, taxidermy services and real estate. Jerry Hennessey, 56, of Dalton pleaded guilty Thursday to federal charges of...

Set against a shaky global picture, US economy looks sturdy

Feb. 2, 2019 10:12 AM EST

WASHINGTON (AP) — The U.S. economy, well into its 10th year of growth, still has a spring in its step. And it's all the more visible when set against a tiring global picture. A robust January jobs report on Friday showed that America's companies are, for now, brushing off an array of economic perils and...

For US-China trade talks, hopes are high, expectations low

Jan. 30, 2019 4:47 PM EST

WASHINGTON (AP) — U.S. and Chinese negotiators are holding high-level talks aimed at settling a six-month trade war that has weakened both sides, shaken financial markets and clouded the outlook for the global economy. Yet the odds seem stacked against any substantive resolution this week to the standoff...

Asian stocks slip on Huawei charges as trade talks loom

Jan. 29, 2019 12:00 AM EST

SINGAPORE (AP) — Asian markets were lower on Tuesday after the U.S. Justice Department unsealed criminal charges against China's Huawei, its subsidiaries and a top executive ahead of trade talks. KEEPING SCORE: Japan's Nikkei 225 index tumbled 1 percent to 20,448.47 and the Kospi in South Korea shed 0.4...

Markets Right Now: Stocks sink on China slowdown fears

Jan. 28, 2019 4:09 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing broadly lower on Wall Street as traders worry about the impact on U.S. companies of a slowdown in China's economy. Caterpillar dropped 9.1 percent Monday after the heavy equipment maker reported...

Asian shares buoyed by US earnings, upbeat talk on China

Jan. 23, 2019 11:31 PM EST

SINGAPORE (AP) — Asian stocks were mostly higher on Thursday as positive U.S. earnings reports reassured investors that the world's largest economy was on track. Poor Japanese data for the second straight day weighed on the Nikkei 225 index. KEEPING SCORE: The Shanghai Composite index gained 0.5 percent to...

Capital One and Abbott fall while IBM and Comcast jump

Jan. 23, 2019 4:45 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday: IBM Corp., up $10.37 to $132.89 The technology and consulting company gave strong forecasts for 2019 after reporting its fourth-quarter results. Procter & Gamble Co., up $4.40 to $94.84 The consumer products giant gave a more...

Markets Right Now: US stock indexes end with meager gains

Jan. 23, 2019 4:09 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Major stock indexes wound up slightly higher after a day of wandering between small gains and losses. Consumer products makers rose Wednesday, led by a 4.9 percent jump in Procter & Gamble after the company...

Asian shares meander on worries over US-China trade talks

Jan. 22, 2019 11:17 PM EST

SINGAPORE (AP) — Asian markets were flat in subdued trading Wednesday as Japan reported weak export data and news surfaced of possible hiccups in China-U.S. trade talks. KEEPING SCORE: Japan's Nikkei 225 index was less than 0.1 percent higher at 20,631.54 and South Korea's Kospi rose 0.3 percent to...

China's 2018 economic growth sinks to 3-decade low

Jan. 21, 2019 5:45 AM EST

BEIJING (AP) — China's economic growth hit a three-decade low in 2018, adding to pressure on Beijing to beef up stimulus measures and settle a tariff war with Washington. Growth slowed to 6.6 percent from 2017's 6.9 percent as both the world's appetite for China's exports and domestic consumer spending...