assembly

U.S. manufacturing sector stabilizing; producer prices tame

U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods, suggesting that the battered factory sector was slowly recovering. The Federal Reserve said factory production rose 0.2 percent last month after a similar gain in September. Output

Continued here: 
U.S. manufacturing sector stabilizing; producer prices tame

assembly

Fiat Chrysler, Cummins spar over costs of diesel emission recall

By David Shepardson WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV and engine manufacturer Cummins Inc are fighting over the $200 million estimated cost for a recall of 130,000 Ram pickup trucks equipped with Cummins diesel engines that could exceed U.S. pollution limits. The U.S. Environmental Protection Agency and California Air Resources Board have demanded a recall of 2013 through 2015 model year Ram 2500 pickup trucks with 6.7L Cummins diesel engines because moisture can lead to the deactivation of the selective catalyst reduction system, causing excess …

Read the rest here: 
Fiat Chrysler, Cummins spar over costs of diesel emission recall

assembly

Away from spotlight, U.S. manufacturers battle back from ‘China shock’

By Howard Schneider HICKORY, North Carolina (Reuters) – As furniture makers left Hickory and headed to China at the start of the century, the local community college shuttered its courses in furniture production, abandoning an industry that had sustained this North Carolina community for generations. The U.S. economy lost almost a third of its manufacturing jobs from 2000 to 2010 and the Republican presidential nominee Donald Trump's pledge to get tough with China and rip up trade pacts to “bring jobs back” has resonated among millions…

More here: 
Away from spotlight, U.S. manufacturers battle back from ‘China shock’

assembly

Japan’s Orix buys U.S. housing tax credit syndicator: sources

Japanese financial services company Orix Corp has bought Boston Financial Investment Management, a U.S. money manager specialized in tax credit investments for low-income housing suppliers, two sources said on Saturday. Orix paid several hundred million dollars to buy Boston Financial

Excerpt from: 
Japan’s Orix buys U.S. housing tax credit syndicator: sources

assembly

Theranos CEO Holmes barred from operating lab for 2 years

(Reuters) – A U.S. health regulator has barred blood-testing company Theranos Inc's founder and CEO, Elizabeth Holmes, from operating a lab for at least two years, the latest blow for a company that is under scrutiny for the accuracy and quality of its tests. The Centers for Medicare & Medicaid Services (CMS)revoked a key certificate for the company's Newark, California lab, and terminated…

More here: 
Theranos CEO Holmes barred from operating lab for 2 years

assembly

Germany denies investigating Tesla over software updates

By Michael Nienaber and Rene Wagner BERLIN (Reuters) – Germany's Transport Ministry denied a media report on Friday that it was investigating Tesla Motors Inc for updating driving assistance software without informing authorities, but said it was “clarifying technical issues” on the matter. German magazine Der Spiegel reported, without citing a source, that there were indications Tesla uploaded new software features to a driving assistance system which had not been examined for

Excerpt from:
Germany denies investigating Tesla over software updates

assembly

U.S. economy posts largest job gains in eight months in June

U.S. job growth surged in June as manufacturers and other employers boosted hiring, confirming the economy has regained speed after a first-quarter lull, but tepid wages suggested the Federal Reserve will probably not raise interest rates soon. The sign of strength in the economy, however, precedes Britain's stunning vote last month to leave the European Union. “For the Fed, this report is likely to offer some encouragement…

Read the rest here:
U.S. economy posts largest job gains in eight months in June