By Scott Malone – How far can cost-cutting get you in a slowing economy?
That’s the question the U.S. manufacturing sector will answer over the coming weeks. Through the first half of the year, big industrial companies including General Electric Co (GE.N), United Technologies Corp (UTX.N) and Caterpillar Inc (CAT.N) notched impressive profit growth despite shaky demand, largely thanks to their success in boosting productivity.
“How our politicians handle that fiscal cliff can either be a potential opportunity or could be a disaster and I think could spark a global recession if it was handled really poorly,” Honeywell CEO Dave Cote said in an interview in Dhahran, Saudi Arabia this week. “I’d like to be more optimistic and say I don’t think that kind of a disaster will happen.” more> http://tinyurl.com/c6dxrcf
- A Moment Of Truth Is Approaching For US Manufacturers (businessinsider.com)
- Exporting Our Way To A Stronger U.S. Economy (forbes.com)
- Caterpillar CEO presents award to Congressman Bobby Schilling (cinewsnow.com)
- There Will Be a Factory Skills Shortage. Just Not Yet (businessweek.com)
- Manufacturing bouncing back as U.S., Colorado companies reshore jobs (denverpost.com)
- 7 Facts About America’s Incredible Manufacturing Industry (businessinsider.com)