Ingersoll-Rand CEO Herb Henkel, speaking at the Reuters Manufacturing Summit, talked about being bowled over by soaring metals prices. “For copper, I didn’t think I was going to live long enough to see something going up by these kind of numbers,” he said.
Ingersoll-Rand CEO Herb Henkel says that the development of new golf courses in the U.S. has tapered off in recent years, but that in China, golf is a booming business. Ingersoll-Rand is one of the top makers of golf carts in the world. The comments were made at the Reuters Manufacturing Summit in New York this week.
New York Stock Exchange CEO John Thain says he doesn’t think opening a market at 9:30 in the morning is catering to 21st Century hours, and that he plans to look at opening the NYSE earlier.
The Philadelphia Stock Exchange’s Chief Executive Sandy Frucher said on Tuesday he expects the exchange’s options floor to close within the next couple of years as electronic trading takes over.
The news, broken at the Reuters Exchanges and Trading Summit on Tuesday, comes on the heels of a January disclosure by the exchange — the oldest U.S. securities market — that it planned to eliminate floor trading in equities and move to a fully automated platform by mid-year.
Philadelphia Stock Exchange’s Chief Executive Sandy Frucher on Tuedsay commented on pursuing two tracks — looking at mergers, and looking at an IPO. “I think everybody prefers to be Pac-Man rather than the dot, but the reality is there is usually only one Pac-Man and a whole lot of dots.”