Industries

Manufacturing

Whirlpool sees strong 2020 as profit beats on pandemic boost

Whirlpool sees strong 2020 as profit beats on pandemic boost

Source: Reuters
Date of Publication: October 22nd, 2020
Whirlpool Corp WHR.N on Wednesday forecast a smaller drop in sales for the year and reinstated earnings targets after posting better-than-expected quarterly profit, as robust demand for home appliances helped it navigate the coronavirus crisis.
Dow sees pick up in demand after quarterly results beat estimates

Dow sees pick up in demand after quarterly results beat estimates

Source: Reuters
Date of Publication: October 22nd, 2020
Dow Inc DOW.N on Thursday beat estimates for quarterly earnings and forecast a pick up in demand as more industries start to recover from the impact of the COVID-19 pandemic.
U.S. manufacturing production unexpectedly drops in September

U.S. manufacturing production unexpectedly drops in September

Source: Reuters
Date of Publication: October 16th, 2020
U.S. factory production unexpectedly fell in September, suggesting that manufacturing’s recovery from the COVID-19 pandemic was slowing heading into the fourth quarter.
Caterpillar bets on self-driving machines impervious to pandemics

Caterpillar bets on self-driving machines impervious to pandemics

By: Rajesh Kumar Singh
Source: Reuters
Date of Publication: October 12th, 2020
Caterpillar’s autonomous driving technology, which can be bolted on to existing machines, is helping the U.S. heavy equipment maker mitigate the heavy impact of the coronavirus crisis on sales of its traditional workhorses.
U.S. Midwest manufacturing surged in September: survey

U.S. Midwest manufacturing surged in September: survey

Source: Reuters
Date of Publication: September 30th, 2020
U.S. Midwest manufacturing unexpectedly surged in September, with new orders and production recovering strongly from coronavirus-related shutdowns, a regional purchasing managers’ survey showed on Wednesday.
RV makers roll toward a V-shaped recovery amid COVID

RV makers roll toward a V-shaped recovery amid COVID

By: Timothy Aeppel
Source: Reuters
Date of Publication: September 21st, 2020
At least one American industry is rolling toward a V-shaped recovery. Wholesale shipments of recreational vehicles - which have surged in popularity as Americans sought to travel without the need to touch hotel or restaurant doorknobs - are projected to set a record next year, according to an analysis seen by Reuters prepared for the RV Industry Association. The report is being released today.
Factory Workers Stay Home to Watch Their Children - WSJ

Factory Workers Stay Home to Watch Their Children

By: Austen Hufford
Source: The Wall Street Journal
Date of Publication: September 16th, 2020
Absentee rates at many U.S. factories remain elevated as coronavirus drags on; ‘You can’t leave a 6-year-old at home’
Samsung eyes new opportunities as pandemic ignites demand for home appliances

Samsung eyes new opportunities as pandemic ignites demand for home appliances

By: Joyce Lee
Source: Reuters
Date of Publication: September 1st, 2020
From sanitizing closets to customizable fridges, the coronavirus pandemic has fanned demand for home appliances - so much so that Samsung Electronics Co Ltd (005930.KS) is adding warehouses and bringing popular products to more markets.
No reset, no bottom for GE yet: J.P. Morgan

No reset, no bottom for GE yet: J.P. Morgan

Source: Reuters
Date of Publication: August 31st, 2020
General Electric Co (GE.N) shares are now worth less than $5 each, analysts from J.P. Morgan said on Monday, valuing the U.S. conglomerate at less than $44 billion and predicting it is yet to reach a turning point in efforts to reboot its businesses.
U.S. scraps Philips ventilator order in 2020 earnings blow

U.S. scraps Philips ventilator order in 2020 earnings blow

Source: Reuters
Date of Publication: August 31st, 2020
Philips (PHG.AS) said the U.S. Department of Health had cancelled most of an order for 43,000 ventilators, leading the Dutch medical equipment maker to cut its 2020 earnings outlook.