Sector Specialist - Manufacturing, Reuters News
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Aug 20, 2014

Car rental firm Hertz is latest victim of auto recalls

By Rohit T. K. and Sagarika Jaisinghani

(Reuters) – While an improving U.S. economy has helped rev up demand for car rentals, the rental companies have found themselves short of vehicles due to the slew of recalls by car manufacturers this year.

The latest casualty was Hertz Global Holdings Inc, whose stock slumped 13 percent on Wednesday after the company withdrew its full-year financial forecast, blaming a shortage of cars due to the recalls and costs associated with an accounting error.

Aug 18, 2014

Fuel Systems lags U.S. auto parts makers as Europe drags

Aug 18 (Reuters) – Weak demand for alternative fuel vehicles
and increasing competition in Europe are weighing on Fuel
Systems Solutions Inc at a time when its peers are
riding a recovery in the U.S. auto industry.

Fuel Systems, whose products allow vehicles to run on
propane and natural gas, said it has lost customers in Europe,
which contributes about 40 percent of its revenue.

Aug 5, 2014

Motorola Solutions forecasts drop in quarterly revenue

Aug 5 (Reuters) – Motorola Solutions Inc, a maker of
walkie-talkies and radio systems, forecast a drop in sales for
the current quarter and reported a 7 percent fall in
second-quarter revenue as sales declined in North America.

The company’s shares fell as much as 5.5 percent to a
three-month low on the New York Stock Exchange on Tuesday.

Aug 5, 2014

Motorola Solutions warns on quarterly revenue; shares fall

By Sagarika Jaisinghani

(Reuters) – Motorola Solutions Inc (MSI.N: Quote, Profile, Research, Stock Buzz), a maker of walkie-talkies and radio systems, forecast a surprise drop in sales for the current quarter and reported lower-than-expected quarterly revenue and profit as sales declined in North America.

The company’s shares fell as much as 4 percent to a three-month low in early trading.

Aug 1, 2014
Jul 31, 2014
Jul 31, 2014

3 Communications fires four for misconduct in aerospace unit

July 31 (Reuters) – L-3 Communications Holdings Inc
said it fired four employees as part of an ongoing internal
review that revealed overstatement of net sales and deferred
cost overruns in the company’s aerospace business.

The company’s shares fell as much as 14 percent to $103.01
on Thursday, their biggest intraday percentage drop ever.

Jul 30, 2014

Lower mining spending hits Rockwell Automation

July 30 (Reuters) – Rockwell Automation Inc, whose
automated systems help factories run smoothly, said a decrease
in spending by miners globally led to lower quarterly sales
outside the United States and in its largest business.

Rockwell’s shares fell as much as 7 percent after the
company also cut the top end of its full-year earnings forecast
and reported lower-than-expected third-quarter profit.

Jul 23, 2014

US defense firms raise profit forecast in tight spending backdrop

July 23 (Reuters) – U.S. weapons makers General Dynamics
Corp and Northrop Grumman Corp raised their 2014
profit forecasts as cost cutting allowed them to improve
profitability even as defense spending by the U.S. government
remained low.

The companies, which reported better-than-expected
second-quarter profits on Wednesday, have kept a tight lid on
operational costs to overcome the effect of U.S. budget cuts.

Jun 24, 2014
    • About Sagarika

      "Sagarika Jaisinghani leads a team that reports on publicly listed small- and mid-cap manufacturing companies in the United States. She is based in Bangalore, where she has covered U.S. homebuilders, auto parts makers, for-profit education providers and transport companies. She has a Master’s degree in international journalism from Cardiff University and has lived in London, Wales and Bangalore. She spends most of her spare time pampering her four-year old Beagle, Arrow."
      Joined Reuters:
      January 2012
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