Latest Industrial machinery and equipment News

US industrial output tumbled 0.6 percent in January

Feb. 15, 2019 10:18 AM EST

WASHINGTON (AP) — U.S. industrial production fell 0.6 percent in January, stemming in large part from an 8.8 percent plunge in the making of motor vehicles and auto parts. The Federal Reserve said Friday that that the manufacturing component of the index dropped 0.9 percent last month, reversing a 0.8...

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...

World shares steady before Trump's state of union address

Feb. 5, 2019 4:12 AM EST

BANGKOK (AP) — Shares were mostly higher Tuesday ahead of President Donald Trump's State of the Union address to Congress. European benchmarks advanced, with Germany's DAX up 0.6 percent at 11,241.44 and the FTSE 100 in Britain jumped 0.8 percent to 7,093.36. France's CAC 40 added 0.5 percent to 5,027.24....

Asia shares lower, most markets closed for Lunar New Year

Feb. 4, 2019 11:39 PM EST

BANGKOK (AP) — Shares are lower in most markets open in Asia with much of the region taking a break for the Lunar New Year. Shares edged lower in Japan and India on Tuesday but surged 2.1 percent in Australia following a report on banking malpractices that was less severe than anticipated. The weak showing...

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...

Feds indict powerful Philly union boss, councilman, others

Jan. 30, 2019 5:39 PM EST

PHILADELPHIA (AP) — A powerful union boss with a tight grip on construction jobs in the Philadelphia region and outsized influence in city and state politics has been indicted in alleged schemes to embezzle more than $600,000 and have a councilman on the union payroll do his bidding at City Hall. Johnny...

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 shares advance ahead of Fed meeting, US-China talks

Jan. 29, 2019 10:40 PM EST

SINGAPORE (AP) — Asian markets rose Wednesday as traders awaited a Federal Reserve policy meeting and U.S.-China talks, though Japan's benchmark declined. KEEPING SCORE: Japan's Nikkei 225 index retreated 0.5 percent to 20,555.13 while South Korea's Kospi climbed 0.6 percent to 2,197.50. Hong Kong's Hang...

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...