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Manufacturing Jobs Drop in January

Manufacturing employment declined by 10,000 jobs last month and results were even worse in durable goods industries, the U.S. Bureau of Labor Statistics said today.

Cottonwood Expands Into Industrial Financing

Cottonwood Group, a Los Angeles private equity real estate investment firm, announced the firm’s expansion into the industrial sector with two transactions totaling $80 million in combined value.

GM Reports Quarterly Profit, Raises Forecast

General Motors Co. today reported a quarterly profit as the Detroit-based automaker maintained output of high-profit trucks and SUVs despite a global shortage of semiconductors. The company also boosted its 2021 forecast.

Kiekert Appoints New CEO

The Kiekert AG Supervisory Board voted to appoint Jérôme Debreu as chief executive officer and chief financial officer.

Hexagon Giving CAD Software Access to Users of WORKNC

Hexagon is providing mold and die shops using its CAM software WORKNC with immediate access to its model preparation software. This allows integration of production workflows from any CAD model format to CAM so shops can machine parts more efficiently and avoid costly errors.