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USA's last tableware maker bringing jobs from Mexico back to Central New York
2014-05-09 23:04:31| Jewelry - Topix.net
Sherrill Manufacturing Inc. is bringing jobs back to the United States from Mexico, a move that will almost double its workforce in this small Upstate New York city.
Huge steam engine back in Wyoming for rebuild
2014-05-09 17:32:30| Railroads - Topix.net
The Union Pacific Railroad's gigantic Big Boy steam locomotive has arrived at the company's Wyoming shop for restoration.
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Ford to Buy Back $1.8 Billion in Stock to Reduce Dilution
2014-05-08 09:13:05| Automakers - Topix.net
Ford Motor Co. said it will repurchase $1.8 billion of its shares to reduce dilution from recent stock grants to executives and to offset shares that may be issued to holders of convertible debt.
Nintendo reports massive annual loss on the back of anemic Wii U and 3DS sales
2014-05-07 18:01:14| Extremetech
Nintendo, with lower-than-expected sales of both the Wii U and 3DS, has reported an annual loss of $229 million (23.2 billion yen). This is down from last year's wea profits of around $69 million (7.1 billion yen). The company says it is establishing a new "health" division in an attempt to bolster its customer numbers and revenues. Meanwhile, analysts and pundits are vehement that Nintendo needs to fully embrace mobile gaming -- as in, Mario games for smartphones -- if it wants to remain relevant. In any case, Nintendo isn't likely to right the ship any time soon: Any new health or mobile efforts will take at least a year to realize properly, and with the company yet again foregoing its E3 keynote this year, Nintendo's agenda for 2014 probably just consists of Wii U and 3DS games.
More manufacturers looking to re-shore back to U.S., experts say
2014-05-07 10:20:13| Automakers - Topix.net
Master Lock LLC, Caterpillar Inc., General Electric Co. and Whirlpool Corp. have all re-shored products back to the U.S., but more manufacturers are starting to lay the groundwork to come back home, according a presentation by Deloitte Development LLC. The reason - U.S. manufacturing labor costs have remained flat over the past 12 years and are ... (more)
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