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

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

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.

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.