Apple adds touch bar to Mac laptops in new update
Apple unveils a touch sensitive strip called the Touch Bar above the keyboard in high end MacBook Pro models. The feature replaces function keys and adapts its controls to the active app or site while offering iPhone style features such as word suggestions and an emoji library. In a separate report, unemployment aid claims fell to 258,000 last week signaling resilience in hiring with the weeks-long low near 43 year low and about 2.04 million people receiving benefits.
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Cupertino
Calif
Apple
Washington
Labor Department
Average mortgage rate eases to 3.47 percent
The Freddie Mac weekly survey shows the average 30 year fixed mortgage slipping to 3.47 percent from 3.52 percent a week earlier. The rate compares with 3.76 percent a year ago and nears the November 2012 all time low of 3.31 percent.
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Washington
U.S
Freddie Mac
Owens Corning in Gastonia Eyes Hiring 110 Amid Demand Shift
Owens Corning, a glass fiber maker in Gastonia Technology Park, posted third quarter earnings with roofing driving growth and insulation weakening. Roofing revenue hit $146 million in Q3, up 42 percent from last year, while insulation earned $38 million, down 34 percent year over year. The company plans to hire 110 workers by year end. Analysts expect further gains in composites and insulation, but project a total revenue dip of about 5 percent for the year due to competitive pressure in U.S. home construction.
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U.S
Owens Corning
Gastonia
Owens
Ohio
Gastonia Technology Park
Mike Wood
Macquarie Capital Inc
Wood
Mattel
Hasbro
Nerf
FactSet
Moody’s
Linda Montag
Altria
Owens predicts continued growth boosts glass fiber demand
Owens Corning forecasts rising production worldwide driving greater need for glass fiber. The composites division including the Gastonia plant earned 61 million in the quarter ended Sept 30, 12 percent of net sales, before interest and taxes, unchanged year over year. Nine months earnings total 199 million, up 5 percent from last year.
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Owens
Composites
Gastonia
Owens earns seventh straight Dow Jones sustainability index nod
Owens sustains industry leadership as a building product supplier for the seventh year on the Dow Jones Sustainability World Index and for the fourth year named an industry leader. Wade Tyler Millward contact at 704 869 1819 and Twitter handle WadeMillward.
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Owens
Wade Tyler Millward
Twitter
WadeMillward
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