12132018Thu
Last updateThu, 13 Dec 2018 5pm

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Parker Hannifin Looks to Benefit from Stimulus Package

Eaton Corp., Parker Hannifin Corp. and Timken Co. are three industrial companies in Northeast Ohio that stand to benefit from the economic-stimulus package. Eaton estimates the stimulus spending will add $500 million annually to the company's top line for the next two years. "In terms of the U.S. stimulus bill, you've seen that one of the very big areas of spending is upon energy efficiency in buildings," said Alexander M. Cutler, chairman and chief executive officer of Eaton.

 

Source: Crain's Cleveland Business

 

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Climate Battle Moves to the Senate

President Obama's landmark energy and global warming bill squeaked through the House only after the White House made dozens of concessions to coal, manufacturing and other interests.

 

Now, as the battle moves to the Senate, Obama faces demands for even more concessions -- including pressure to open the nation's coastlines to offshore oil and gas drilling.

 

Source: Chicago Tribune

 

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U.S. Manufacturers Face Critical Threats to Competitiveness

Two new reports identify significant threats that could impede the ability of U.S. manufacturers to successfully compete in the global economy, including the public perception of pursuing a career in manufacturing.

 

Americans believe manufacturing as the most important industry for economic prosperity. It is perceived as the backbone of the economy and the one that contributes the most to the United States' economic success.

 

Source: ThomasNet

 

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Devil in the Manufacturing Data: Inventory

The manufacturing sector, like the rest of the economy, seems poised to end a long slump. But it still isn't guaranteed a robust recovery.

 

On Wednesday, the Institute for Supply Management is due to release its manufacturing index for June. This index is widely considered one of the most important economic indicators, after the monthly jobs report. Economists think it rose to 45, which would be the highest reading since the Lehman Brothers meltdown last September.

 

Source: Wall Street Journal

 

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Manufacturers' Reliance on Mobile Solutions Grows

New research commissioned by Motorola Inc. found more than seven in 10 surveyed information technology (IT) decision-makers in the manufacturing industry reported that mobile and wireless technologies had allowed their companies to convert downtime into productive time by providing real-time access to corporate resources. The study found manufacturers with mobility solutions saved a daily average of 42 minutes per employee.

 

Source: Industry Week

 

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