Latest Industrial equipment manufacturing News

Fresh US-China trade worries erase early gains for stocks

Sep. 20, 2019 2:28 PM EDT

Stocks veered lower on Wall Street in afternoon trading Friday after reports that a Chinese delegation has cut short a visit to the U.S. fueled speculation that upcoming talks aimed at resolving the costly trade war between Washington and Beijing are in trouble. The selling, which erased modest early gains for...

'Middle of the herd' no more: Amazon tackles climate change

Sep. 19, 2019 7:16 PM EDT

WASHINGTON (AP) — Online shopping giant Amazon revealed a carbon footprint Thursday that rivals that of a small country and vowed to reduce the damage to the planet by cutting its use of fossil fuels. The company, which ships more than 10 billion items a year on fuel-guzzling planes and trucks, said it has...

$52M plan would create 250 jobs in northern Indiana

Sep. 16, 2019 9:11 AM EDT

ELKHART, Ind. (AP) — Officials say a metal forming company plans to invest $52 million and create 250 jobs in northern Indiana. Chris Stager, president of the Elkhart County Economic Development Corp., says Brinco wants to use a former Chassix facility in Bristol that's been vacant since 2017. The Elkhart...

Walz says Japan can't pick up US-China trade war slack

Sep. 13, 2019 3:23 PM EDT

ST. PAUL, Minn. (AP) — Gov. Tim Walz said Friday that his just-concluded six-day trade trip to Japan and South Korea was productive but also showed that Japan won't be able to pick up much slack from the U.S. trade war with China. Minnesota's agricultural economy has been rattled by President Donald...

Elevator worker who died at TripAdvisor HQ identified

Sep. 4, 2019 11:14 AM EDT

NEEDHAM, Mass. (AP) — Police have publicly identified an elevator worker who died in an accident at the Massachusetts headquarters of travel company TripAdvisor. Needham police say 52-year-old James Jacobs died in the accident Tuesday morning. Jacobs was an employee of Otis Elevator Co. His last known...

US factories shrink for 1st time in 3 years amid trade war

Sep. 3, 2019 4:32 PM EDT

WASHINGTON (AP) — The U.S.-China trade war and slower global growth are weighing on the U.S. economy, reducing factory output in August for the first time in three years. A survey by the Institute for Supply Management, an association of purchasing managers, on Tuesday showed that factory production and...

Elevator worker dies in accident at TripAdvisor HQ

Sep. 3, 2019 2:25 PM EDT

NEEDHAM, Mass. (AP) — Authorities say a man who worked for an elevator maintenance business has died in an accident at the Massachusetts headquarters of travel company TripAdvisor. Police and firefighters responded to the Needham business at about 8:30 a.m. Tuesday. Chief John Schlittler says the victim...

Rhode Island school opens advanced manufacturing center

Sep. 1, 2019 12:46 PM EDT

LINCOLN, R.I. (AP) — A Rhode Island high school has officially opened its new $3.65 million center for advanced manufacturing that state leaders say will better prepare students for careers in the field. The Providence Journal reports that state and industry leaders cut the ribbon at the facility as well...

Corporate profits slump again in 2Q

Aug. 22, 2019 10:29 AM EDT

Corporate profits fell for a second straight quarter in the spring as the effect of last year's tax cut wore off and companies contended with uncertainty from the Trump administration's trade wars. As the second quarter earnings season winds down, companies in the S&P 500 index are on track to notch the first...

Trade war's losers could include microchips, energy, banks

Aug. 18, 2019 11:58 AM EDT

NEW YORK (AP) — Looking across the stock market, it's hard to find a company that isn't vulnerable in some degree to the U.S.-China trade war. Stocks of companies that do lots of business with China, such as chipmakers and other technology companies, are obvious candidates for investors to sell when trade...