Sector Specialist - Manufacturing, Reuters News
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Sep 13, 2014
Sep 12, 2014

XPO looks to beef up contract logistics business

By Sagarika Jaisinghani

(Reuters) – XPO Logistics Inc (XPO.N: Quote, Profile, Research, Stock Buzz) is looking to expand its business that assembles goods in warehouses before delivery to become a one-stop shop in transportation logistics, its chief executive told Reuters.

“Contract logistics is an important part of our future and some of the acquisitions that we’re looking at are in contract logistics,” CEO Bradley Jacobs said in an interview.

Sep 9, 2014

Clark to succeed O’Neal as Delphi Automotive CEO in 2015

Sept 9 (Reuters) – Delphi Automotive Plc Chief
Executive Officer Rodney O’Neal will retire in March and Chief
Financial Officer Kevin Clark will succeed him, the auto parts
maker announced on Tuesday.

The company named Clark as chief operating officer effective
Oct. 1. Delphi also said Praxair Inc executive Mark
Murphy would join the company in October, succeeding Clark as
CFO. Praxair supplies industrial gases.

Sep 8, 2014

Hertz CEO steps down after accounting errors

By Rohit T. K. and Sagarika Jaisinghani

(Reuters) – Mark Frissora has resigned as chief executive of Hertz Global Holdings Inc (HTZ.N: Quote, Profile, Research, Stock Buzz), citing personal reasons, as pressure from investors mounts following a series of accounting errors.

Hertz’s shares rose as much as 5 percent after the No. 2 U.S. car rental company said it had begun the search for a replacement. Several investors and analysts named Scott Thompson, former CEO of Dollar Thrifty, as a possible candidate.

Sep 8, 2014
Sep 3, 2014

Toll loses steam as climbing home prices deter rich Americans

By Sagarika Jaisinghani

(Reuters) – Toll Brothers Inc (TOL.N: Quote, Profile, Research, Stock Buzz) is finally feeling the pinch as a steep rise in home prices discourages even the most affluent Americans from buying its luxury homes.

The company, whose homes can cost more than $2 million, had so far reported stellar results by selling more homes at higher prices. But analysts said the largest U.S. luxury homebuilder seems to have pushed its prices to the limit.

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.

    • 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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