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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.

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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.

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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.

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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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