All posts tagged "Manufacturing"
Chinese Buying Spree Accelerates with Takeover of GE Unit
BEIJING – Haier Group, the world’s biggest home appliance maker, is buying General Electric Co.’s appliance business for $5.4 billion to expand its U.S. and global presence. The acquisition announced Friday comes as Haier tries to transform...
- Posted January 15, 2016
GE Cutting Thousands of European Jobs after Takeover Deal
PARIS – General Electric Co. is cutting up to 6,500 jobs in Europe after buying a big chunk of French engineering company Alstom, but sticking to pledges to create a net 1,000 jobs in France. The French...
- Posted January 13, 2016
Stocks Hit 2-month Lows as Oil Dives and China Worries Flare
NEW YORK – U.S. stocks tumbled to two-month lows Wednesday as fears about China’s economy slowing down led to more widespread selling. The price of oil plunged to its lowest level since 2008 on the prospect that...
- Posted January 6, 2016
US Manufacturing Shrinks for 2nd Month Amid Global Slowdown
WASHINGTON – U.S. manufacturers contracted in December at the fastest pace in more than six years as factories cut jobs and new orders shrank. The Institute for Supply Management said Monday that its index of factory activity...
- Posted January 4, 2016
Hired Labor’s Share of Income Is Lowest in Puerto Rico
The following is an Issue Brief posted Tuesday by the Heritage Foundation, a Washington, D.C.-based research and educational institution whose mission is to “formulate and promote conservative public policies based on the principles of free enterprise, limited...
- Posted December 29, 2015