Afternoon Coffee: US Manufacturing Sector Growth Slows in May, Panasonic Plans to Expand Auto Business Through M&A Deals

Marco Mayer/ Adobe Stock Marco Mayer/ Adobe Stock

May was a lackluster month for the U.S. manufacturing sector, with output falling for the first time since September 2009 and new orders expanding at their slowest rate of 2016, according to Markit’s latest Purchasing Managers Index. The Index registered 50.5, down from the 50.8 in April.

Panasonic Corp. is planning to add $3.6 billion in new revenue to its auto business over the next two years through mergers and acquisitions. Panasonic is reportedly looking to partner with companies that could supplement its existing technologies and help make it a major supplier for automakers. said e-retailers that use its fulfillment service will have to pay more in storage fees this holiday season. Amazon recently notified merchants fees will more than double in November and December.

The nationwide recall of frozen fruits and vegetables has now expanded to more than 350 foods. The recall comes after a multi-state outbreak of listeria linked to a CRF Frozen Foods processing plant in Pasco, Washington.

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