DETROIT - Amid the turmoil on Wall Street, leaders from two global companies hard hit by economic and industrial upheavals were expected to unveil plans Monday for a national convention being held next year to discuss the future of manufacturing, technology, energy and the environment.
Ford Motor Co. Executive Chairman Bill Ford and Dow Chemical Co. Chairman and Chief Executive Andrew Liveris were scheduled to announce The National Summit after the Detroit Economic Club meeting Monday. The nonpartisan, nonprofit group is convening the summit, which is set for June 15-17 at Ford Field, the home of the Detroit Lions.
Beth Chappell, the economic club's CEO, said the idea grew out of listening to leaders who have addressed the venerable speakers' forum during the past couple years.
"So many speakers from the platform have this call to action ... and the themes--technology, energy, environment and manufacturing--kept coming up over and over again," she said.
"This is not about Detroit, this is not about Michigan and this is not about automotive. It's cross-country and cross-industry."
Ford and Liveris will serve as the summit's co-chairmen. Ford is the economic club's outgoing chairman, and General Motors Corp. Chairman and CEO Rick Wagoner succeeds him on Monday.
Organizers hope the first-of-its kind U.S. gathering, which they say has received sponsorship pledges of more than $2 million from more than 50 organizations, will draw as many as 5,000 leaders and others from business, government and academia.
The speaker lineup hasn't been announced, but companies planning to take part include GM, Chrysler LLC, IBM Corp., AT&T, Motorola Inc., Deloitte LLP and Masco Corp.
Liveris, who is scheduled to give Monday's keynote address to the economic club about the need for a national, comprehensive industrial policy, has been vocal about industry troubles and the effect on the Midland-based company he leads. Dow this year has announced two sets of wide-ranging price increases in an attempt to offset record costs for energy and raw materials.
In May, Liveris took the unusual step of directing blame at the nation's energy policy makers.
U.S. stocks were mixed on Thursday after retailers reported mostly disappointing sales while other big-name companies announced layoffs and Europ...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The markets have spoken: risk aversion is still the name of the game and that was obvious since the beginning of the week.


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