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MINNEAPOLIS – HEI reported fourth quarter sales of $11.8 million, up 133% over last year.
For the period ended Aug. 30, the company reported $473,000 in net profits, easily topping its previous earnings year-to-date. The company had a net loss of $723,000 in the year-ago quarter.
ELKHART, IND – CTS Corp. will reduce headcount by about 60 positions as part
of an operational restructuring, the company said. The company will
also consolidate certain operations and to improve its cost structure.
SHENZHEN -- Huawei, one of China's largest electronics OEMs, took its cellphone manufacturing group off the market, saying the world financial situation must first be resolved.
"Given the current global market conditions and prevailing economic uncertainty the interests of the company are best served by postponing the sale process," Huawei said in a press release.
"Given the current global market conditions and prevailing economic uncertainty the interests of the company are best served by postponing the sale process," Huawei said in a press release.
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