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WASHINGTON --  The International Trade Commission has launched an investigation to determine whether imports of certain ICs are violating patent infringement laws.

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TORONTOCelestica reported third-quarter profit dropped 13% to $43.7 million year-over-year on weaker demand across all segments.

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GLENVIEW, ILIllinois Tool Works reported third quarter revenues of $4.5 billion, down 1.7%.

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ELKHART, IN -- CTS reported third quarter EMS sales fell $15.2 million, or 20%, year-over-year, on customer delays, particularly in the defense and aerospace and communications markets.

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SANTA CLARA, CA – Low-cost smartphone shipments are forecast to double every year from 2010 to 2016, increasing from 4.5 million to 311 million, says NPD DisplaySearch.

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SAN JOSE -- Stung by a large drop in revenue and trying to meet stated goals for margins, Flextronics is planning another round of layoffs and factory closings.

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