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Nissan to chop Japan production by 15pc: reports – Business Recorder (blog)

June 21, 2012

TOKYO: Nissan Motor is cutting its production in Japan by 15.0 percent from next month in a response to surging manufacturing costs driven by a stronger yen and weakening domestic demand, reports said Thursday. The company will suspend one of two production lines at the Oppama factory south of Tokyo, resulting in its domestic annual […]

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Cleantech Industry Powers US Economy with Job Creation – Environmental Leader

June 20, 2012

Green technology not only helps to sustain the environment, but it also helps to sustain the US economy by providing new jobs. A Brookings Institution report estimates that between 2008 and 2011, the number of green jobs in the US grew 260 percent from 750,000 to 2.7 million. Much of this job creation stems from […]

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Rethink Robotics Secures $30m Series C Led by Sigma – Private Equity Hub (press release)

June 20, 2012

Rethink Robotics (formerly Heartland Robotics), founded by iRobot co-founder Rodney Brooks, has secured $30 million in Series C financing. The funding round was led by Sigma Partners, with participation from all prior investors as well as a new investor, Draper Fisher Jurvetson. PRESS RELEASE Rethink Robotics (formerly Heartland Robotics), founded by iRobot co-founder Rodney Brooks […]

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GCC current account surplus at USD 322 billion in 2011 – SteelGuru

June 20, 2012

According to a bank study, Gulf hydrocarbon producers basked in a massive current account surplus of nearly USD 322 billion in 2011 because of a sharp rise in their oil exports due to strong crude prices. The study by Qatar National Bank said that the surplus accounted for as high as 23% of the […]

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Widening current account deficit needs attention – Voxy

June 20, 2012

A widening current account deficit needs Government policy attention say the New Zealand Manufacturers and Exporters Association (NZMEA). Statistics New Zealand released their Balance of Payments and International Investment Position for the March quarter this morning showing a current account deficit of 4.8 percent of GDP, up from 3.7 percent last year, and a larger […]

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American Jobs Forum Encourages Reshoring Intiative – woodworkingnetwork.com

June 20, 2012

Chicago — Harry Moser, founder of the Reshoring Initiative, was invited to participate in a daylong Insourcing Forum hosted by President Obama at the White House on January 11. Featuring a cross-section of American industry leaders and experts and cabinet level officials, the event included a roundtable discussion with President Obama, a speech by President […]

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Rethink Robotics Announces $30 Million Series C Round of Financing – MarketWatch (press release)

June 19, 2012

 BOSTON, MA, Jun 19, 2012 (MARKETWIRE via COMTEX) — Rethink Robotics (formerly Heartland Robotics), founded by iRobot co-founder Rodney Brooks to develop a new class of manufacturing robots, today announced that it had secured $30 million in Series C financing. The funding round was led by Sigma Partners, with participation from all prior investors as […]

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New maps show the loss of US manufacturing jobs state by state – msnbc.com

June 18, 2012

A new study of manufacturing employment by the Investigative Reporting Workshop at American University shows that factory jobs declined by nearly half since the peak in 1979, when there were 21 million manufacturing workers. But the researchers also found that manufacturing employment grew in some states, all of them west of the Mississippi River. And […]

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‘Reshoring’ companies are coming to Tulsa – Tulsa World

June 17, 2012

For decades, there has been a trend among many U.S. manufacturers to move at least part of their operations offshore. In the 1970s, Japan and Korea absorbed a lot of the jobs once held by Americans. When wages increased with demand there, China became the next big destination for companies seeking cheap labor. But recently, […]

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Hopeful sign: Small manufacturers think big – The Spokesman Review

June 17, 2012

Small businesses that make machines and components for other manufacturers are experiencing an upswing that could be a sign of things to come for the broader economy. The industries fueling the demand vary. In some cases, business is coming from medical device makers, which are expected to see increasing growth as baby boomers age and need […]

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