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Manufacturing

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Ford to shutter two factories in Europe, cut 4,900 jobs

Ford Motor Co. said Wednesday it will shut down two European assembly plants, its first car-factory closings in the region in a decade.

Ford also plans to cut nearly 4,900 jobs to stem losses that …

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Caterpillar cuts forecast on concerns about global economy

Caterpillar Inc, the Illinois-based manufacturer of tractors and excavators, said today the global economy is slowing faster than it had expected and slashed its 2012 forecast for the second time this year, Reuters reported.

The …

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HNI to discuss third-quarter results on Oct. 18

Muscatine-based office furniture maker HNI Corp. will host conference call and webcast for investors to discuss third-quarter fiscal 2012 results on at 10 a.m. Oct. 18. The telephone number is 877-512-9166; the conference ID is …

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Manufacturing sector showed some muscle last month

The manufacturing sector expanded in September, shaking off three months of weakness as new orders and employment picked up, an industry group said today, Reuters reported.

The Institute for Supply Management said its index of …

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Solar company awaits loan from controversial government program

A tiny solar company named SoloPower Inc. will flip the switch on production at a U.S. factory Thursday, a major step toward allowing it to tap a $197 million government loan guarantee awarded under the …

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U.S. grant will fund manufacturing training

A consortium of Iowa’s 15 community colleges has received a $12.95 million grant from the U.S. Department of Labor for an initiative to increase their capacity in manufacturing training programs. The initiative will enable the …

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Iowa wind turbine plant announces 407 layoffs

The Siemens wind turbine manufacturing plant  — a major supplier to MidAmerican Energy Co. — said Tuesday it would layoff two-thirds of its workers at the Fort Madison plant.
The layoffs are prompted by sluggish…
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Manufacturing cools in New York region

Manufacturing in the New York region contracted more than forecast this month, Bloomberg reported. The Federal Reserve Bank of New York’s general economic index dropped to minus 10.41, the lowest since April 2009, from minus …

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Eagle Iron Works finds potential buyer

Eagle Iron Works has signed a term sheet for the company to be purchased by a Pennsylvania company, the Des Moines manufacturer announced Thursday afternoon. An acquisition could save Eagle Iron Works from closing. It …

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Manufacturing index reflects weak export market

American manufacturing growth remained sluggish in August, as exports declined for a third consecutive month and companies were slow to add new workers, according to a survey released on Tuesday.

The final Markit U.S. Manufacturing …