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JAKARTA -- At long last, Hon Hai Precision Industry (Foxconn) has formalized its plans to establish a manufacturing plant here, as today it signed a letter of intent to invest, a city spokesman told reporters.

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NEWARK, NY -- IEC Electronics reported a fiscal first-quarter net loss of $1.1 million, down from a loss of $101,000 a year ago.

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JUAREZ, MEXICO -- Plexus plans to close its manufacturing facility here by year-end and lay off up to 250 employees. The company, which is building a new site in Guadalajara, said it faced "ongoing challenges" to securing sufficient business for the Juarez plant.

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