February factory growth slows under virus disruptions
American factories expanded in February for a second straight month despite coronavirus disruptions, with the Institute for Supply Management index at 50.1, below January and economists’ expectations. Fourteen of 18 industries grew led by wood products and furniture, while new orders and hiring contracted.
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Washington
Institute For Supply Management
Association of Purchasing Managers
Institute
Donald Trump
China
U.S
Timothy Fiore
Oren Klachkin
Gregory Dace
Oxford Economics
Jim Bianco
Fiore
Jack Welch dies at 84 former GE chief and CEO
Boston. Jack Welch, who redefined General Electric into a vast multinational, died at age 84. GE confirmed the death, with renal failure cited by his wife Suzy. Welch steered GE from 1981 to 2001, expanding revenue and market value while cutting jobs and reshaping the company into financial services and industrial powerhouses.
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Boston
Jack Welch
General Electric Co
Suzy
New York Times
Welch
Fortune Magazine
Jack
Clayton, Dubilier & Rice
MIT
Sloan School of Management
Mobile security at risk as firms skimp on protections
Verizon reports show 40 percent of companies had mobile security breached, up from 33 percent in 2019, with 43 percent sacrificing security to meet deadlines. Public WiFi is a major threat, used by a fifth of attacked devices, while 72 percent of employees have used public networks. Two thirds saw major business impact from breaches.
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New York
Verizon
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Harvard Business Review
Suzy Werlaufer
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CBS
60 Minutes
Werlaufer
Harvard
Welches
Reuters
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Mark Zuckerberg
GOP
Mitt Romney
Twitter
Barack Obama
Romney
Chicago
Obama
Congress
Labor Department
Noel Tichy
Tichy
Calma
Honeywell International
RCA
NBC
Jeffrey Immelt
General Electric
Richard Drew
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