Flex CEO, Mike McNamara, to Retire
San Jose, CA — Flex (NASDAQ: FLEX) announced that Michael M. McNamara, the Company’s Chief Executive Officer and a member of the Company’s Board of Directors, has decided to retire as Chief Executive Officer, effective December 31, 2018. The Board has engaged Heidrick & Struggles International, Inc. to conduct a search for a new Chief Executive […]
IHS Markit PMI: Private sector growth rebounds to three-month high, but intense cost pressures persist
Key findings: § Flash U.S. Composite Output Index at 54.8 (53.9 in September). 3-month high. § Flash U.S. Services Business Activity Index at 54.7 (53.5 in September). 2-month high. § Flash U.S. Manufacturing PMI at 55.9 (55.6 in September). 5-month high. § Flash U.S. Manufacturing Output Index at 55.2 (55.8 in September). 2-month low. Data […]
NAM Statement On White House Action To Eliminate China’s Unfair, Anti-Manufacturer Postal Subsidy
By Michael Short Washington – National Association of Manufacturers (NAM) President and CEO Jay Timmons released the following statement on the White House’s announcement regarding the Universal Postal Union: “President Trump deserves tremendous credit for the administration’s focus on eliminating the anti-US manufacturer subsidy China receives from the U.S. Postal Service,” said Timmons. “This outdated arrangement contributes significantly to […]
SEMI Shares Industry Feedback on RoHS Review Roadmap with European Commission
By Emir Demircan SEMI recently shared industry feedback with the European Commission on the roadmap for reviewing RoHS (the Directive on the restriction of the use of certain hazardous substances in electrical and electronic equipment). SEMI brought the following topics to the attention of the European Commission: There exist serious inconsistencies between RoHS and REACH, e.g. […]