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ERROR: type should be string, got "https://www.fnlondon.com/articles/deutsche-mds-had-1-5k-suits-fitted-while-bank-was-firing-staff-20190709\nDeutsche Bank Executives Had $1,800 Suits Fitted While Thousands Were Laid Off\nChris Newlands, Financial News\nPhotograph by Don Arnold/Getty Images\nOn the morning that Deutsche Bank began making thousands of job cuts as part of a sweeping overhaul at the ailing German lender, some managing directors at the company were being fitted for suits costing at least £1,500, or more than $1,800.\nThe news has emerged after two tailors were photographed leaving Deutsche’s London headquarters on Monday holding suit bags. They were wrongly identified as employees departing the bank with their belongings after being fired. The photo was widely disseminated on Twitter and was used by the Guardian, Financial Times and Reuters.\nThe two men were in fact Ian Fielding-Calcutt and Alex Riley, who work for Fielding & Nicholson Tailoring. They were there to fit suits for a group of senior staff at the bank unaffected by the job cuts.\n“It was just a coincidence that we were snapped coming out of the building at the time others were being sacked,” Fielding-Calcutt, the owner of the tailoring firm, told Financial News. “The assumption was we were one of the bankers being fired, but we were there to fit suits for senior members of staff.”\nDeutsche declined to comment.\nOn Sunday, Deutsche announced the company will exit global equities trading, cut 18,000 jobs and transfer €75bn of risk-weighted assets into a so-called bad bank as part of a major overhaul of the lender’s business.\n“Our timing was not great,” said Fielding-Calcutt, who says he has been fitting suits for managing directors at the bank for more than 12 years. “Almost 30% of our business comes from investment bankers. I think a lot of the people getting laid off were traders of some sort, who don’t wear suits, and so we just went ahead as normal with our clients who obviously weren’t affected by the cuts.”\nDetails of the German bank’s latest plan to reshape its business had been leaking well before Sunday, when the overhaul was formally announced.\nSome affected staff left the building before lunchtime on Monday. One female trader emerged in tears. “I can’t believe it,” she said. Contractors have been targeted for cuts first, some told FN.\nThis article first appeared in Financial News.\nDeutsche Bank Is Quitting Stock Trading. What It Means for Equity Research.\nComments? E-mail us at editors@barrons.com"

ERROR: type should be string, got "https://www.barrons.com/articles/honeywell-international-stock-and-nucor-both-benefit-from-automation-51562755500\nHoneywell International Stock and Nucor Both Benefit From This Trend\nPhotograph by Billy H.C. Kwok/Bloomberg\nFactory automation will lead to a resurgence of U.S. manufacturing—and that’s good news for companies like Honeywell International and Nucor , Jefferies says.\nThose two companies don’t usually go together. Honeywell (HON) is a maker of many productivity solutions for industrial businesses. The company sells hardware and software into several end markets designed to raise productivity by speeding up factory operations and reducing down time, and certainly isn’t a controversial pick.\nNucor (NUE), however, makes steel by melting scrap metal and isn’t the first company investors think of when considering buzz terms such as the “internet of Things” or “Industry 4.0.” Both terms refer to the future of manufacturing characterized by higher levels of automation, data analysis and device connectivity. What Jefferies believes, however, is that automation also leads to “reshoring” of manufacturing business—brining back industrial activity into America. That process is good for steel demand and, therefore, Nucor’s share price.\n“In a [2015 survey] 72% of respondents [said they] would invest in additional automation or advanced-manufacturing technologies such as digital manufacturing over the next five years,” writes Sean Darby, global equity strategist at Jefferies, in a Tuesday research report. “We continue to favor two [stock] baskets, firstly, discrete and process automation companies and, secondly, [companies] making metal prefabs that ought to benefit from onshoring.”\nHoneywell falls into the first basket and Nucor, which makes a lot of prefabricated metal, goes into the second. And the market hasn’t treated the two stocks equally. Nucor shares are up 3% year to date, far worse than the 14.6% change of the Dow Jones Industrial Average. Nucor shares trade for 11 times estimated 2020 earnings. Honeywell shares are up 33% year to date and trade for 20 times estimated next years earnings.\nOther companies with automation franchises mentioned in the Jefferies report are: Rockwell Automation (ROK) and Emerson Electric (EMR). Other companies with metal prefabrication businesses mentioned in the Jefferies report are: BlueScope Steel (BSL.Australia) and Cornerstone Building Brands (CNR). Jefferies analysts don’t cover those four companies.\nBarron’s recently wrote positively on ABB (ABB) because, in part, of its growing robotics business. That pick hasn’t worked out just yet. ABB shares are down 3% since January 30, when we made our pick. The Dow is up 6.8% over the same span.\nWrite to Al Root at allen.root@dowjones.com\nFactory automation will lead to a resurgence of U."