Duke Energy has agreed to acquire Piedmont Natural Gas for $4.9 billion. The acquisition provides Duke Energy with more access to the natural gas infrastructure.The boards of directors of both companies have unanimously approved a definitive agreement for Duke Energy to acquire Piedmont for approximately $4.9 billion…
Manufacturing conditions in the region continued to weaken in October, according to firms responding to this month’s Manufacturing Business Outlook Survey. The indicator for general activity remained negative, while the new orders and shipments indexes turned negative this month. Labor market indicators also weakened. The survey’s indicators…
The revelations that Volkswagen diesel engines were designed to meet emission regulations only during emission testing with special software offers important lessons for the leader of any size business. I certainly have no inside knowledge of the crisis, but clearly it points to deep-seated cultural problems in…
Sentiment regarding the direction of the global economy took a sharp turn downward among U.S. industrial manufacturers, according to the Q3 2015 Manufacturing Barometer, released by PwC US today. Global concerns also served to moderate optimism regarding the domestic outlook, while slowing plans to hire more workers….
While South Carolina has been in the national headlines due to record flooding, the state’s manufacturing machine remains largely intact. Now, the Palmetto state’s manufacturers are focusing on helping their communities recover. Although there have been some minor inconveniences, “the manufacturing industry not been significantly impacted,” said…
Already a fixture in the Southeast, Proterra, a Greenville-based electric bus manufacturer, is expanding its national footprint. The company announced Monday that it would open its West Coast headquarters in Silicon Valley. “We now have access to the best of both local markets,” said Proterra CEO, Ryan…
The BMW Group continues to grow its sales, achieving its best ever September result. Deliveries of BMW, MINI and Rolls-Royce brand vehicles totalled 215,413 for the month, an increase of 7.8% compared with the same period last year. It’s also been the company’s best ever first three…
Economic activity in the non-manufacturing sector grew in September for the 68th consecutive month, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM® Report On Business®. The report was issued today by Anthony Nieves, CPSM, C.P.M., CFPM, chair of the Institute for Supply Management®…
Many senior managers including presidents and owners of companies large and small make a serious mistake. They assume that new product development (NPD) can be managed identical to every other business process. The implications can be disastrous for a company’s ability to innovate. New product development consists…
With over 1700 events nationwide celebrating Manufacturing Day on Oct.2, the South Carolina Manufacturing Extension Partnership (SCMEP) will host two local events Sep. 29, and Oct 2, in honor of the occasion. The event is held annually on the first Friday in October and is meant to…