Reshoring News

AllmondJoy is skeptical of the city’s plans to attract development to the Southeast waterfront, which is largely occupied by Section 8 apartment complexes and the abandoned Chase Bag manufacturing plant. She held up a copy of a 2007 plan at a recent forum.

Is the US Economy Heading for Recession?

by admin on April 29, 2016

US industrial production (manufacturing, mining and utilities) declined at an annual rate of -2.2 percent this past quarter, after having declined -3.3 percent the preceding quarter. Industrial production has fallen six of the last seven months.

ArcBest reports $6.1M loss

by admin on April 29, 2016

Weak manufacturing and low fuel prices weighed on ArcBest. The quarterly loss totaled 24 cents per share. In the same period last year, ArcBest reported earnings of $745,000, or 3 cents per share. “Ongoing economic weakness continued to impact our business …
Agro-based industries with around 3.73 lakh taxpayers were among the highest number of taxpayers in the manufacturing segment. Other taxpayers in the manufacturing category included 1,817 tobacco manufacturers, 3,580 cement manufacturers and 2,976 tea …
Micucci said the company’s 2013 sale of Gempler’s, Ben Meadows and AW Direct to Ariens Co. — an equipment manufacturing company based in Brillion — caused its headcount to decline. Last year, W.W. Grainger cut 30 jobs from the Janesville …
BHUBANESWAR: The state government on Saturday cleared a proposal of Geetanjali Exports to set up a gems and jewelry manufacturing unit at Trisulia near the city with an investment of Rs 200 crore. The state level single window clearance authority (SLSWCA …
This would boost investment – both global and domestic. Our manufacturing output would increase on a whole. This would strengthen our economy and make our products globally competitive,” said FICCI director general Arvind Prasad. However, the labour …
His fight will include a call for a $15 minimum wage, Sanders said, a Medicare-for-all public health care system, and an end to “disastrous trade policies” that he believes have sped the decline of American manufacturing. While Sanders was racking up …
Final results are due on May 6. Berkshire owns close to 90 businesses in energy, insurance, manufacturing, railroad, retail and other sectors, and invests well over $100 billion in stocks. At the meeting, Buffett and Berkshire Vice Chairman Charlie Munger …
He says Berkshire’s retail and manufacturing businesses don’t make any decisions without thinking long and hard about what the next five to 10 years will look like. He adds that they’re not going to try to “out-Bezos Bezos” because Amazon is …