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U.S. manufacturers set overseas investment record

June 2, 2005

Foreign Direct Investment (FDI) by U.S. manufacturers reached a record level of more than $54 billion in 2004 after three consecutive stagnant years, according to a new study by Deloitte Research, a...

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Cosma Intl. receives Ford's World Excellence Awards

June 1, 2005

Ontario-based Cosma Intl., a wholly owned operating group of Magna Intl. Inc., received five Ford Motor Company World Excellence Awards, honoring five divisions for superior performance in 2004. This...

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Manufacturing sector growth losing momentum

June 1, 2005

Economic activity in the manufacturing sector grew in May for the 24th consecutive month, while the overall economy grew for the 43rd consecutive month, said the nation's supply executives in the...

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CEOs expect solid growth, slower pace

May 31, 2005

Business Roundtable's May 2005 CEO Economic Outlook Survey shows that the U.S.'s leading CEOs expect continued solid economic growth for the next six months, with a slower pace expected than that of...

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Mittal Steel appoints CEO, Lazaro Cardenas operation

May 27, 2005

Mittal Steel Co. today announced that it has appointed P. S. Venkataramanan as CEO of Mittal Steel Lazaro Cardenas in Mexico.Venkataramanan has worked for Mittal Steel since 1993, when he joined...

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Timken to increase specialty steel prices

May 27, 2005

Timken Latrobe Steel, a subsidiary of The Timken Co., announced it would increase prices by 5 to 10 percent on all remelted aerospace alloys, air melt stainless steel, and tool steel grades. The price...

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First quarter economic growth revised upward

May 26, 2005

The economy grew at an annual rate of 3.5 percent in the first quarter of 2005, revised up 0.4 percentage point from the advance estimates released in April, according to the U.S. Bureau of Economic...

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Snow urges China to move on currency policy

May 26, 2005

Speaking before the Senate Banking Committee today, U.S. Treasury Secretary John Snow said that China should "move without delay" to change currency practices that U.S. manufacturers blame for soaring...

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SAE Foundation presents awards

May 25, 2005

The Society of Automotive Engineers (SAE) Foundation Banquet hosted more than 700 attendees who gathered at Renaissance Center Wintergarden in Detroit, May 24, to pay tribute to Dr. Shoichiro Toyoda,...

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Durable goods orders up 1.9 percent in April

May 25, 2005

New orders for manufactured durable goods increased $3.7 billion or 1.9 percent to $200.3 billion in April, the U.S. Census Bureau announced today. This followed a 1.6 percent March decrease....

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House approves provision requiring DoD to buy American

May 25, 2005

The U.S. House today approved legislation that requires the U.S. Department of Defense (DoD)to make more than 50 percent of its purchases from companies operating in the U.S. The provision, part of an...

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Lincoln Electric appoints president of J.W. Harris

May 24, 2005

Lincoln Electric Holdings Inc. has appointed David J. Nangle as president of J.W. Harris Co. Inc., the company's recently acquired manufacturer of brazing and soldering alloys. In this new position,...

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Survey shows manufacturing hiring up in May

May 24, 2005

According to new numbers from the Leading Indicator of National Employment (LINE), manufacturers were more successful in May than in previous months at locating and hiring the skilled workers they...

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Alcan employee is "Best Communications Executive"

May 23, 2005

Alcan Inc. has announced that its vice president of corporate communications, Elisabeth Vassallucci, has received the International Business Award for "Best Communications Executive" in 2004....

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Whirlpool recognized for developing leaders

May 23, 2005

Whirlpool Corp. has been named to the 2005 list of Top 20 U.S. Companies for Leaders, making this the second consecutive year the company has been acknowledged for its focus on developing leaders...

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