Industry Summits
Manufacturers prepared for rising commodities
NEW YORK (Reuters) - U.S. manufacturers are gearing up for an extended rise in commodity prices by hedging and passing on higher costs to customers to limit any impact on their bottom line, company chiefs said on Thursday. Full Article
Manufacturers face unique problems in China
NEW YORK (Reuters) - China's rapid pace of industrialization presents a huge opportunity for makers of factory components and other heavy equipment, but doing business in the world's most populous country also presents a host of unique challenges. Full Article
US manufacturing execs a sea of calm confidence
NEW YORK (Reuters) - Stock market investors have been reeling this week as inflation fears have gained a foothold, but some of the top names in American industry painted a much more optimistic picture about how the future is looking. Full Article
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Manufacturers wary about boosting prices
NEW YORK (Reuters) - Strong demand has allowed large manufacturers to pass on higher commodity costs to their customers, but most have also relied on cost-cutting and productivity improvements to make up the shortfall, CEOs said this week. Full Article
China, India driving GE industrial unit
NEW YORK (Reuters) - Strong demand in China and India, have put General Electric Co. on track for a 6 percent to 8 percent sales rise at its industrial unit this year, the unit's top executive said on Wednesday. Full Article
Delphi board hopeful for labor deal
NEW YORK (Reuters) - The board of directors of bankrupt auto parts maker Delphi Corp. is hopeful of reaching a negotiated labor settlement as part of its reorganization that would be "reasonable for all parties," a Delphi director said on Wednesday. Full Article
ABB outsourcing jobs from red-hot China
NEW YORK (Reuters) - Outsourcing from China is not something you hear about often, but Swiss engineering firm ABB said on Wednesday that it is doing just that. Full Article
Emerson could spend $8 bln on M&A: CEO
NEW YORK (Reuters) - Emerson Electric Co. could spend as much as $8 billion on mergers and acquisitions over the next five years, the diversified manufacturer's chief executive said on Wednesday. Full Article
US power gird overhaul overdue-ABB exec
NEW YORK (Reuters) - The aging U.S. power grid is desperately in need of an overhaul to reduce bottlenecks and avoid a repeat of the 2003 blackout that hit cities in the U.S. northeast and Canada, the North American head of Swiss-based ABB Ltd. said on Wednesday. Full Article
GE eyes biometrics for security business growth
NEW YORK (Reuters) - General Electric Co. aims to expand its fast-growing security business into the field of biometrics -- identity verification using advanced biological technology -- through acquisitions and investment, the industrial conglomerate's vice chairman said on Wednesday. Full Article
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