Management

The Commerce Department on Friday provided its first statistical snapshot of the American economy in the first quarter, the gross domestic product estimate. The economy barely grew, expanding at an annual rate of only 0.7 percent. The growth was a sharp decline from the 2.1 percent annual rate recorded in the final quarter of last year. It was the weakest quarterly showing in three years. Consumption, the component reflecting individual spending, rose by only 0.3 percent, well below the 3.5 percent rate in the previous quarter.

For years, cyber insurance was purchased mostly by consumer-facing businesses such as retailers and financial-service providers. But as factories are getting more tech-savvy and digitally integrated with other parts of the company, manufacturers are starting to realize that keeping those networks safe is essential, according to this Wall Street Journal report.

Detroit, Mich., is a haven for CAD designers according to a top 10 ranking of cities to live in for the profession.

Since 2005, igus has been a major supplier sponsor of a variety of student robotics and engineering competitions. Now, as a part of its YES (Young Engineers Support) Program, the company is celebrating National Robotics Week with their continued support of thousands of student engineers around the world.