Honda Accord moving out of Ohio home after 4 decades to make room for EVs
Honda is moving production of the Accord from Ohio to Indiana in 2025 in order to produce electric vehicles in the Ohio factory starting next year.
Pactiv Evergreen execs sold over 50K shares before announcing devastating paper mill closure in NC small town
Executives of Pactiv Evergreen sold over 50,000 shares of company stock days before announcing the closure of a historic Canton, North Carolina, paper mill.
Norfolk Southern’s Ohio train derailment puts railroad equipment sensors in spotlight
Norfolk Southern has pledged to change its operating practices after a derailment in East Palestine, Ohio was caused by an overheated bearing on a railcar.
Boeing 767 freighter, KC-46 tanker face delivery snags due to fuel tank problem
Boeing says that the third party supplier made fuel tank issue affecting the KC-46 Pegasus and the 767 Freighter will not delay deliveries. Tanks require new paint.
Century-old NC paper mill that employs 1,100 to abruptly close, mayor says small town's soul being ripped out
A paper mill that has operated in Canton, North Carolina, for over a century announced it will be shutting down, leaving the local community devastated.
Fed’s rate moves put manufacturing sector at risk
Inflation and a slowdown in international demand threaten US manufacturing base. A looming recession and weaker manufacturing data has experts worried.
Angry Ohio residents confront Norfolk Southern at train derailment town hall: 'Please get our people out'
A town hall meeting in East Palestine, Ohio, involving representatives from Norfolk Southern turned heated as residents vented their anger over the toxic train derailment.
A Norfolk Southern official took heavy criticism on behalf of his company at an East Palestine, Ohio, town hall Thursday. (WEWS)
GE plans to invest over $450 million to upgrade US manufacturing in 2023
General Electric will invest $450 million in manufacturing. It will allocate $335 million of that to aerospace and $117 million to healthcare ahead of a planned divesture.
Caterpillar workers reach contract deal at deadline, averting possible strike
Caterpillar's union workers have reached a tentative agreement on a new contract that covers four company facilities. The deal will likely avert a strike.
New Rolls-Royce CEO embarks on strategic review of jet-engine maker
Rolls-Royce primarily manufactures large engines for Airbus and Boeing wide-body aircraft.
Deere earnings double and sales rise on higher production
The world’s largest seller of tractors and crop harvesters is now expecting higher earnings for the year after reporting a profit of $1.96 billion for the quarter ended Jan. 29.
Shares of aircraft lessors take off in tight market for planes
As Boeing and Airbus struggle to produce enough planes, aircraft leasing companies stock prices are soaring. Travel demand returning is great for companies who own the planes.
Ford CEO Jim Farley grapples with problems from the auto maker’s past
Jim Farley hopes to return Ford to its roots, by streamlining production and offering fewer options. Says more job cuts necessary after recently cutting 6,800 jobs.
Citi Co-Head of Global Mergers and Acquisitions Mark Shafir discusses his outlook for the M&A and IPO market.
3M investor raises concerns about company leadership
An investor said 3M’s revenue and earnings have been disappointing since Mike Roman became CEO. Earplugs and forever chemical litigation continues to plague 3M.
As Tesla ignites an EV price war, suppliers brace for Musk seeking givebacks
Most Tesla suppliers, which include battery makers Panasonic, LG Energy Solution, and CATL, as well as Italian casting machine maker IDRA Group, avoid discussing the carmaker publicly.
JPMorgan Asset Management adds $500M of southern timberland
Forest carbon deals tend to happen in regions where mills have closed and log prices have declined. The market for timberlands topped $5 billion last year.
