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WASHINGTON – Saying trade-related issues have cost the US nearly 200,000 jobs this year, Senators Byron Dorgan (D-ND), and Sherrod Brown (D-OH) plan to reintroduce the Trade Reform, Accountability, Development and Employment Act.
S. 125, also known as the TRADE Act, would require the Government Accountability Office to conduct a comprehensive review of existing trade agreements with an emphasis on economic results, enforcement and compliance, and an analysis of non-tariff provisions in trade agreements; establish standards for labor and environmental protections, food and product safety, national security exceptions and remedies that must be included in new trade pacts.
It also would set requirements on public services, farm policy, investment, government procurement and affordable medicines that have been incorporated in trade agreements; require the president to create a plan to renegotiate current trade pacts prior to negotiating new agreements or congressional consideration of pending agreements, and restore congressional oversight of trade agreements.
MINNEAPOLIS – HEI Inc. reported third-quarter net sales were $7 million, down 38% year-over-year.
The firm generated a net loss of $1.03 million, compared to net income of $156,000 for the same period last year.
Net sales for the first nine months of fiscal 2009 were $23.7 million, down 25% compared to the prior year period. The net loss was $934,000, compared to net income of $377,000.
"The results reflect the impact of some pricing concessions we made in order to retain certain business for HEI, and the discontinuation of certain products by some of our customers. The third quarter appears to be the low point," said HEI CEO Mark B. Thomas.
WASHINGTON -- Nokia has filed suits in multiple countries against a total of 11 companies, alleging price-fixing on LCDs.
VERL, GERMANY -- Smyczek GmbH, a German EMS company, has been acquired by the Beckhoff Group.
TAIPEI – Foxconn is in talks with Acer about producing its notebooks, say published reports.
Acer currently outsources its notebook production, with 40% of the 2010 production going to Compal Electronics, and Wistron and Quanta Computer getting 20% to 30% each. Remaining orders will go to Inventec, reports DigiTimes.
However, some analysts discount the odds that Foxconn will receive orders from Acer in the near future, the reports say.
SMYRNA, GA -- Circuits Assembly is accepting entries for the 18th annual Service Excellence Awards until Dec. 4.
WASHINGTON – New orders for US computers and electronics in October fell 2.1% from September on a seasonally adjusted basis. That's down from the 0.2% drop in September.
Computers and electronics orders for the month were $24.5 billion, says the US Commerce Department.
US computers and related product orders dropped 7.2% sequentially, compared to a 0.3% increase in September. October orders fell to $4 billion.
Communications orders dipped a slight 0.2% in October, reaching $5.1 billion, after a drop of 5.3% in the prior month.
Defense capital goods orders decreased 18.4% in October to $8.5 billion, after a gain of 5.6% in September.
IRVINE, CA – A California man has pleaded guilty to charges he sold thousands of counterfeit components to the US Navy and other government agencies.
TAIPEI – After dropping an estimated 11.5% in 2009 to $220.1 billion, the global semiconductor market is expected to post growth of 12.2% to $246.9 billion in 2010, according to World Semiconductor Trade Statistics.
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