If the recession and subsequent high employment proves anything, it’s this: The scarcity of jobs hasn’t made workers any smarter. Just-fired CNN anchor Rick Sanchez is a good example. Unfortunately, he’s hardly the only one.
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The U.S. factory sector continued to expand in September, but at a slower pace, as the Institute for Supply Management manufacturing index dipped to 54.4 from 56.3 in August.
Readings above 50 indicate an expansion — under 50, a contraction. A Bloomb…
August’s 1.3% drop in durable goods orders looks bad. But the real story is that the more-telling component that excludes volatile transportation orders rose 2%, doubling a Bloomberg survey’s consensus estimate. So far, Wall St…
Electrolux (ELUXY) named Keith McLoughlin as president and CEO after Hans Stråberg notified the board that he wishes to leave the company.
McLoughlin will succeed Stråberg on January 1, 2011, Electrolux said in a statement. McLoughlin is currently in charge of R&D, Manufacturing and Purchasing for Electrolux Major Appliances. He was previously head of Electrolux…
Continue reading Electrolux Names New CEO
Electrolux Names New CEO originally appeared on DailyFinance on Thu, 23 Sep 2010 07:22:00.
Filed Under: Company News, Technology, Green, Retail
Nissan (NSANY) raised its production target for China, the world’s largest auto market.
The Japanese automaker raised its production target to 1.2 million units in 2012, from a previous target of 1 million, BBC News reported. The company currently produces 670,000 units a year in China.
Nissan is now the top-selling Japanese automaker in China, having overtaken Toyota. The company…
Continue reading Nissan Raises China Production Target
Nissan Raises China Production Target originally appeared on DailyFinance on Mon, 20 Sep 2010 08:49:00.
Filed Under: Energy, Company News, Technology, Investing, Green, Autos, Retail