Manufacturers want tighter controls on Wall Street

05/14/2010 | Reuters

Executives at the Reuters Manufacturing and Transportation Summit in Chicago called for more regulation of financial services after last week's sell-off that dropped the Dow Jones industrial average almost 1,000 points -- the biggest one-day intraday drop in its 114-year history. "There's a huge consensus in the country and even in the business community that we need financial regulatory reform," said Caterpillar CEO Jim Owens. "It was certainly inadequate in the last very difficult period we've gone through."

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