News
GLENVIEW, IL – ITW’s second-quarter revenues rose 10.5% as higher returns from currency translation and acquisitions offset flat organic growth. Operating income rose 9%, and margins dropped 20 basis points.
PHILADELPHIA – The American Competitiveness Institute has been awarded a five-year $100 million contract from the U.S. Navy’s Office of Naval Research.
The research firm will manage and operate the Benchmarking and Best Manufacturing Processes Center of Excellence.
The effort, to be performed in Philadelphia, will facilitate the sharing of best-in-class practices, processes, methodologies, systems, and pre-competitive technologies.
SAN JOSE – North America-based manufacturers of semiconductor equipment posted $1.03 billion in orders in June and a book-to-bill ratio of 0.85, says SEMI.
STOCKHOLM – Sony Ericsson will slash 2,000 jobs worldwide over the next 12 months, as the mobile phone maker seeks to dramatically cut costs.
The company today reported a 97% drop in second-quarter net profits and said it planned to cut operating costs by 300 million euros each year.
EL SEGUNDO, CA – iSuppli Corp. reported it has acquired Telematics Research Group Inc., specializing in vehicle electronics intelligence.
Established in 2000 and based in Minnetonka, MN, TRG analyzes and forecasts global and regional demand trends for automotive and mobile electronics technologies.
TRG’s operations will be integrated with the existing iSuppli Automotive Infotainment and Electronics Services, along with its research on MEMS.
Financial terms of the purchase were not disclosed.
STAMFORD, CT – Global PC shipments reached 71.9 million units, a 16% increase year-over-year, a top research firm said.
