August 21, 2019 $500 million manufacturing facility, 300 jobs coming to Sanford, NC Source: Seth Thomas Gulledge, Triangle Business Journal Pfizer has announced a $500 million expansion to its current facilities in Sanford, NC. The company will be building a manufacturing facility to support the gene therapy line of its business. Pfizer already …
Source: Lucy Nicholson, CNBC Oil prices jumped 2.4% this week after a drone attack by Yemeni Houthi forces on a Saudi oil facility. The attack caused a fire at a gas plant. Meanwhile, OPEC cut its forecast for global oil demand growth by 40,000 barrels per day. The group also predicted that the market …
August 19, 2019 Amazon hub coming to Lakeland, FL airport Sources: Ashley Gurbal Kritzer, Tampa Bay Business Journal Lakeland officials have granted a building permit for a $100 million Amazon hub at Lakeland Linder International Airport. The company will leave its current space at Tampa International Airport in favor of the new Lakeland …
August 19, 2019 Source: Alexia Fernández Campbell, Vox The trend of U.S. job openings outnumbering the number of job seekers has continued for 16 straight months. Because there are more jobs available than people to fill them, more employees than ever are confident that they can find more favorable jobs. As a result, workers …
August 15, 2019 Sources: Richard Lardner, Associated Press The Federal Motor Carrier Safety Administration is moving forward with changes to truck driver hours-of-service rules. Currently, regulations limit long-haul truck drivers to the following: Drivers are limited to 11 hours of driving time within an on-duty period of 14 hours Drivers must have had 10 …
August 14, 2019 Sources: Jeff Cox, CNBC Sources: Jeffry Bartash, MarketWatch Increases in the cost of living hit American households in July. According to the Bureau of Labor Statistics, consumer costs rose for goods and services across the entire economy, including energy, medical care, and apparel. The Consumer Price Index rose 0.3%, which was …
August 13, 2019 Automation company to bring 176 jobs to Port Huron, MI Sources: Jeremy Ervin, Port Huron Times Herald Automation, prototyping, and engineering firm R & E Automated Systems has plans to expand into Port Huron, MI. The company’s $14.4 million investment plan will create 176 new jobs in the area. R …
Source: Nick Cunningham, OilPrice.com Oil prices fell sharply last week. However, rumors that Saudi Arabia will take action to stop prices from falling further was enough to stabilize prices in the short-term. Saudi Arabian energy officials provided no details, but commented that the kingdom is considering “all options” to help bolster oil prices. …
August 12, 2019 Automaker considering NC for its newest manufacturing plant Source: Lauren Ohnesorge, Triangle Business Journal Indian auto manufacturer Mahindra Automotive North America has shortlisted NC as the possible location for its newest manufacturing plant. However, the company is also considering locations in South Carolina, Texas, Arizona, and Michigan. According to a …
August 9, 2019 $200 million development coming near Hartford’s Dunkin’ Donuts Park Source: Kenneth R. Gosselin & Steven Goode, Hartford Courant A judge’s ruling has cleared the way for a stalled retail and housing development in Hartford, CT to finally get underway. The project will include 200 mixed-income apartments, 11,000 square feet of …
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