U.S. farm equipment maker Deere & Co will spend $100 million to expand its capacity to produce tractors for the Indian market and for export, building a new factory and expanding an existing one. Get the full story »
Filed under: Manufacturing
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Industrial production rises by most in 5 months
Industrial production rose in December by the largest amount in five months, providing the economy with solid momentum heading into the new year.
Activity at the nation’s factories, mines and utilities increased 0.8 percent last month, the Federal Reserve said Friday. Industrial production was up in every month but one in 2010.
Ind. electric car plant adding jobs after 3 months
A manufacturer of fully electric vehicles has increased production sooner than expected and will add 70 more jobs this year, welcome news in a region battered by layoffs at recreational vehicle plants.
Think North America, with 27 workers currently, will add the new jobs in hopes of producing 2,500 cars this year at its Elkhart operations in a former RV plant, WNDU-TV reported Thursday. The company began production in October. Get the full story »
Jan. 12 at 1:49 p.m.
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Filed under: Economy, Government, Housing, Jobs/employment, Manufacturing, Real estate, Retail Beige Book shows economy still growing modestly
Economic growth continued to expand moderately the last few weeks, the Federal Reserve said Wednesday.
In its latest snapshot of regional economic conditions, the Fed reported that manufacturing, retail and non-financial services sectors were strong in most regions. Get the full story »
Jan. 12 at 1:14 p.m.
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Filed under: Defense, Energy, Manufacturing, Stock activity, Transportation ITT to split into 3 public companies
U.S. manufacturer ITT Corp. plans to split itself into three companies to take advantage of the growing water and industrial markets as its defense unit prepares for U.S. military spending cuts.
Its shares rose 18 percent Wednesday, reaching their highest point since the fall of 2008. Get the full story »
Molex picks up unit of chip maker Luxtera
From Crain’s Chicago Business | Molex, the electronic connector maker based in Lisle, said it is buying the optical cable business of chip maker Luxtera Inc.
Airbus lands record $16 billion IndiGo order
Airbus on Tuesday announced what it called the biggest jet order in commercial aviation history with a $15.6 billion deal to sell 180 planes to Indian budget carrier IndiGo including the first orders for a revamped model.
The deal comes as the European planemaker tallies its plane orders for 2010, but will not enter the order book in time to decide whether Airbus will come from behind to win a fiercely contested annual battle for most sales against Chicago-based Boeing. Get the full story »
Fort Wayne withholds $200K in grants from Navistar
Fort Wayne withheld $200,000 in payments to Navistar International Corp. after the company relocating operations to suburban Chicago did not provide job data. Get the full story »
Caterpillar plans Thailand mining equipment plant
Caterpillar Inc. said Monday it will open a plant in Thailand to produce underground mining equipment in the midst of increasing demand for mined commodities by developing countries. Get the full story »
Non-manufacturing sector grows in December
The U.S. non-manufacturing sector grew in December at it fastest pace in more than 4 years, according to an industry report released on Wednesday. Get the full story »
U.S. manufacturing sector grows in December
The U.S. manufacturing sector grew for a 17th straight month in December, adding to recent evidence that a recovery in the U.S. economy was picking up steam, according to an industry report released on Monday. Get the full story »
Midwest Manufacturing Index shows Nov. uptick
The Chicago Fed Midwest Manufacturing Index increased slightly in November to 81.1 percent, according to data released Monday by the Federal Reserve Bank of Chicago.
October’s index was revised to 80.8 percent, a .3 percent increase from September. Get the full story »
Boeing to resume 787 test flights after fire
Boeing will resume flight tests of its long-delayed 787 jet Thursday, six weeks after they were suspended because of an in-flight electrical fire in the plane’s power distribution system.
The company says it installed an updated, interim version of the software that controls the system in the first of six test flight aircraft. Get the full story »
Dec. 23, 2010 at 7:17 a.m.
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Filed under: Airplanes, International, Investigations, Manufacturing Senate panel to look into tanker data mixup
The Senate Armed Services Committee will hold hearings next month into an Air Force document bungle roiling a transAtlantic rematch for a potential $50 billion aerial-refueling plane contract.
Senate Armed Services Chairman Carl Levin said Wednesday he was prepared to launch an investigation into “the release of proprietary data” from rival tanker bidders Boeing and Europe’s EADS.
At issue is what the Air Force calls “a clerical error” that sent Boeing and EADS computerized records in November with sensitive data on each other’s bid for the contract. Get the full story »
Number of mass layoffs falls in November
The number of mass layoffs decreased slightly in November to roughly 1,500, affecting more than more than 5,000 workers in Illinois, according to the statistics released today by the Bureau of Labor statistics. Get the full story »
