Industry Summits
Eaton CEO sees U.S. rebound in 2nd half
CHICAGO (Reuters) - The top executive at Eaton Corp said on Friday he expects U.S. industrial output to rebound in the second half of the year after underperforming the wider economy yet again in the first quarter. Full Article
No signs of housing reversal, execs say
CHICAGO (Reuters) - An ongoing downturn in the U.S. housing industry is not about to reverse anytime soon, industrial executives told the Reuters Manufacturing Summit in Chicago this week. Full Article
Manufacturers doubt U.S. will reform health care
CHICAGO (Reuters) - Chief executives from the U.S. manufacturing and transportation sectors say something must be done about soaring health-care costs but doubt the ability of Washington to come up with meaningful, bipartisan reform. Full Article
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CEOs not worried economic weakness spreading
CHICAGO (Reuters) - The weakness in the U.S. economy caused by the slowdown in the auto-making and residential and commercial construction sectors doesn't appear to be spreading rapidly into other corners of the domestic economy or reverberating overseas, top executives told the Reuters Manufacturing Summit this week. Full Article
Execs say U.S. must consider new nuclear plants
CHICAGO (Reuters) - The roughly 100 nuclear power plants in the United States are approaching the end of their useful life, and manufacturing executives say the nation cannot rule out building new ones if it wants to keep up with electricity demand. Full Article
Seaspan-credit crunch fuels deals
CHICAGO (Reuters) - The global financial crisis should provide plenty of acquisition opportunities for Seaspan Corp , the container shipping company, as small operators run into financial difficulties, its top executive said on Wednesday. Full Article
Manufacturers hope to pass on raw materials costs
CHICAGO (Reuters) - Raw materials like steel, copper and plastics are likely to remain expensive this year due to the voracious appetite of such emerging markets as China, but several prominent manufacturing executives hope customers cover any increased costs. Full Article
Industrials eye bargains as private equity fades
CHICAGO (Reuters) - Large industrial companies aim to pick up the pace of deal-making this year as the credit crunch forces private equity firms to retreat, making more assets available at cheaper prices. Full Article
Norfolk Southern sees U.S. housing weak till 2009
CHICAGO (Reuters) - The struggling U.S. housing market may not recover until some point in 2009, the top executive at U.S. railroad Norfolk Southern Corp said on Wednesday. Full Article
Africa, Russia rising markets for U.S. industrials
CHICAGO (Reuters) - Record-high prices for oil and commodity metals are spurring strong infrastructure investment in Africa, Russia and Latin America, which are becoming important new markets for diversified U.S. manufacturers, top executives said this week. Full Article
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