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Volvo Trucks Will Lay Off 700 Workers In January
Volvo Trucks North America will lay off about 700 workers in January, extending an industry pullback in production to match slowing orders of new Class 8 trucks. 0 read more.....»»
PCB production lines may remain humming during Lunar New Year
Taiwan-based PCB makers are planning to maintain normal production during the Lunar New Year holidays in late January thanks to clear visibility of orders from Apple and Chinese handset vendors extending to early 2020, according to industry sources......»»
US Manufacturing Contracts For 3rd Straight Month As Production, Imports Plummet
US Manufacturing Contracts For 3rd Straight Month As Production,.....»»
Futures Movers: Oil prices fall as U.S. supplies rise a second straight week and Saudi output recovers
Oil futures fall Wednesday as U.S. government data reveal a second weekly climb in domestic crude inventories and reports indicate Saudi Arabia continues to make rapid progress in restoring production after attacks on its facilities earlier this month......»»
Oil slips on trade fears but soars in week after Saudi production attacked
Oil prices eased on Friday on renewed concern over the U.S.-China trade war, but futures still posted weekly gains, with Brent marking its biggest weekly increase since January, after an attack on Saudi Arabia's energy industry last weekend......»»
Global chip sales fall for a seventh straight month
Global chip sales fell year-over-year for a seventh straight month in July, according to the Semiconductor Industry Association late Tuesday. For July, global sales fell 15.5% to $33.4 bi.....»»
North America semi equipment industry billings up slightly, says SEMI
Billings among North American manufacturers of semiconductor production equipment grew slightly on month, but posted a year-over-year decline for the 9th consecutive month in July, according to SEMI......»»
BMW picks insider Zipse as CEO to catch up with rivals
BMW has named Oliver Zipse as its new CEO, continuing the German carmaker's tradition of promoting production chiefs to the top job even as the auto industry expands into new areas such as technology and services......»»
U.S. manufacturing output climbs for second month in June
U.S. manufacturing output accelerated in June, climbing for the second straight month, thanks in large part to increased production of motor vehicles and parts......»»
Global stocks drop for third day, BASF warning stings Europe
World stocks fell for a third straight day on Tuesday, as a stinging warning came from German chemicals giant BASF about the effects of the global trade war and traders hedged bets on a hefty U.S. interest rate cut later this month......»»
Brexit shutdowns hammer UK car production in April - industry group
British car production collapsed last month by the largest amount since the global financial crisis as factories shut down for a Brexit that never came, industry figures showed on Thursday. Francis Maguire reports......»»
ArcelorMittal takes the knife to European steel output again
ArcelorMittal underlined the problems facing the European steel industry when it cut production for the second time this month, blaming weak demand and high imports......»»
Euro zone sentiment drops for 10th straight month
Euro zone economic sentiment dipped for the 10th consecutive month to its lowest level in more than two years in April as managers in industry and the retail sector became more downbeat. Edward Baran reports......»»
US Factory Output Flat to Unchanged
US manufacturing output was flat to unchanged in March after 2 straight monthly decliners. The Federal Reserve said Tuesday manufacturing production last month was restrained by weak motor vehicle and wo.....»»
Economic Report: Industrial production weakens further in March
Industrial production fell 0.1% in March, the Federal Reserve said Tuesday. This is the fourth straight month of weak readings......»»
Business inventories climb 0.8% for second straight month in January
The Commerce Department reported on Monday that business inventories rose 0.8% in January, the second month in a row stockpiles grew at that rate. Inventories grew 1.2% for wholesalers,.....»»
U.S. factory orders barely rise; shipments fall further
New orders for U.S.-made goods rose less than expected in January and shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity......»»
Residential Spending Slumps For 6th Straight Month As Infrastructure Spending Soars Most Since 2003
The headline construction spending print was celebrated, rising a better-than-expected 1.3% MoM (the most since April 2018) in January, but below the surface the story is notably mixed. Private Residential building spending dropped 0.3% MoM - the sixth .....»»
Economic Report: Durable-goods orders rise in January for third straight month as investment rebounds
Orders for long-last.....»»
Economic Report: Durable-goods orders rise in January for 3rd straight month and investment rebounds
Orders for long-last.....»»