Sector Specialist - Manufacturing, Reuters News
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Jul 30, 2015

Flying through Dallas: Virgin America CEO says worst is over

By Sagarika Jaisinghani

(Reuters) – Virgin America Inc (VA.O: Quote, Profile, Research, Stock Buzz), a low-cost airline partly owned by billionaire Richard Branson, said it expects business to improve in Dallas, a major airline hub where competition has led to increased discounting.

Shares of the airline, which took to the skies in 2007, rose as much as 10 percent to a four-month high of $32.87 after it also reported a better-than-expected second-quarter profit.

Jul 14, 2015

U.S. safety agency probes airbag inflators from ARC Automotive

By Sagarika Jaisinghani

(Reuters) – U.S. safety regulators said they were investigating airbag inflators made by ARC Automotive Inc for rupture, the second company to be probed for defective airbags after Japan’s Takata Corp.

The ARC probe will cover airbags in about 420,000 Fiat Chrysler Town and Country minivans from model year 2002, and 70,000 Kia Optima midsize sedans from model year 2004, the National Highway Traffic Safety Administration (NHTSA) said in documents posted on its website on Tuesday. (1.usa.gov/L6b9wg)

Jun 30, 2015

Auto parts retailer Pep Boys considers selling itself

By Sagarika Jaisinghani

(Reuters) – Pep Boys-Manny, Moe & Jack (PBY.N: Quote, Profile, Research, Stock Buzz), an auto parts retailer, said it was considering selling itself as it begins a strategic review two weeks after appointing a new chief executive.

The company’s shares rose as much as 4 percent to a one-year high on Tuesday.

Pep Boys, unlike AutoZone Inc (AZO.N: Quote, Profile, Research, Stock Buzz) and Advance Auto Parts Inc (AAP.N: Quote, Profile, Research, Stock Buzz), has not benefited from healthy U.S. auto demand mainly due to higher costs and falling sales in its do-it-yourself business.

Jun 19, 2015

Homing in: U.S. homebuilding M&A to get rolling after long lull

By Sagarika Jaisinghani and Ankit Ajmera

(Reuters) – A six-year lull in deal making among U.S. homebuilders may be drawing to an end as companies look to bulk up on ready-to-build land to feed a surge in demand from home buyers.

Most homebuilders had shied away from stockpiling land in the past few years as a choppy economic recovery offered little clarity on when demand would stabilize.

Jun 11, 2015

Delta deal raises pilot wages above competitors, trims profit-sharing

By Jeffrey Dastin and Sagarika Jaisinghani

(Reuters) – Delta Air Lines Inc has reached a tentative deal with its union to pay pilots more than competitors, while making its profit-sharing plan less generous in some cases.

The airline said late Wednesday that it will purchase 20 used and 40 new single-aisle aircraft from the Boeing Co if its pilots ratify the contract, replacing planes that are scheduled to retire through 2019.

May 21, 2015

Lumber Liquidators’ troubles deepen as CEO abandons ship

May 21 (Reuters) – Lumber Liquidators Holdings Inc
said Chief Executive Robert Lynch had unexpectedly resigned,
nearly three months after a report alleged the company sourced
flooring laminates with harmful levels of a known carcinogen.

The company’s shares fell 17 percent to a more than
three-year low of $20.97 on Thursday.

May 4, 2015

XPO Logistics loss narrows; to buy Bridge Terminal for $100 million

By Sagarika Jaisinghani

(Reuters) – XPO Logistics Inc (XPO.N: Quote, Profile, Research, Stock Buzz) reported a smaller quarterly loss and struck its second deal in a week by agreeing to buy U.S.-based Bridge Terminal Transport for $100 million.

XPO said the Bridge deal would almost triple its drayage capacity – or ability to transport goods over short distances – to more than 2,000 independent owner operators, primarily on the U.S. East Coast.

Apr 29, 2015

XPO to emulate U.S. logistics success in Europe with French deal

By Sagarika Jaisinghani

(Reuters) – A conference, a home visit and a few trips to Paris brought about the marriage of U.S.-based XPO Logistics Inc (XPO.N: Quote, Profile, Research, Stock Buzz) and France’s Norbert Dentressangle SA (GNDP.PA: Quote, Profile, Research, Stock Buzz) that will allow XPO to replicate its domestic success in Europe.

The $3.53-billion deal gives XPO access to Europe’s largest truck-fleet network, made up of 7,700 owned trucks, 3,200 under contract, and 12,000 independent carriers.

Apr 29, 2015

XPO to emulate U.S. logistics success in Europe with French deal

April 29 (Reuters) – A conference, a home visit and a few
trips to Paris brought about the marriage of U.S.-based XPO
Logistics Inc and France’s Norbert Dentressangle SA
that will allow XPO to replicate its domestic success
in Europe.

The $3.53-billion deal gives XPO access to Europe’s largest
truck-fleet network, made up of 7,700 owned trucks, 3,200 under
contract, and 12,000 independent carriers.

Apr 23, 2015

Raytheon ‘really excited’ over strength of international orders

By Sagarika Jaisinghani

(Reuters) – U.S. weapons maker Raytheon Co’s (RTN.N: Quote, Profile, Research, Stock Buzz) chief financial officer said he was “really excited” about the strength of international orders, after the maker of Tomahawk and Amraam missiles reported better-than-expected quarterly sales on Thursday.

Raytheon’s bookings rose 4.1 percent in the first quarter, partly due to a $769 million order for its Patriot missiles from South Korea. Orders had fallen 5.4 percent in the fourth quarter.

    • 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 five-year old Beagle, Arrow."
      Joined Reuters:
      January 2012
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