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Flow Intl., Motoman expand alliance

June 3, 2005

Flow International Corp., a supplier of ultrahigh-pressure waterjet products, and Motoman Inc., a provider of robotic automation and a wholly owned subsidiary of Yaskawa Electric Corp., have announced...

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CFOs: capital spending, employment growth to slow

June 3, 2005

Chief financial officers say that employment and capital spending will slow over the next year. The CFOs point to inflationary pressures on input costs, such as high fuel and health care costs, as...

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Employment edges up in May

June 3, 2005

Nonfarm employment edged up by 78,000 in May following a much larger increase in April, and the unemployment rate was essentially unchanged at 5.1 percent, the Bureau of Labor Statistics of the U.S....

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Fleetwood RV to be featured on "Made in America"

June 3, 2005

Fleetwood RV, a manufacturer of recreational vehicles, will drive into the spotlight as a featured company in an upcoming episode of the nationally syndicated show, "John Ratzenberger's Made in...

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HMMA undergoes leadership changes

June 2, 2005

After completing construction, launching commercial production, and holding a grand opening, Hyundai Motor Manufacturing Alabama's (HMMA) leadership team is undergoing several changes. This is part of...

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Unemployment claims rise sharply

June 2, 2005

The U.S. Department of Labor today reported that the number of U.S. unemployment benefit claims totaled 350,000 last week, an increase of 25,000 claims over the previous week and the largest weekly...

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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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