News
MINNEAPOLIS -- Inspection equipment OEM CyberOptics reported second-quarter net income rose to $969,000, up from a net loss of $1.92 million last year.
OLATHE, KS -- Elecsys Corp. announced a net loss of $20,000 for the quarter ended April 30, up from a net loss of $70,000 last year.
ANGLETON, TX -- Benchmark Electronics reported second-quarter net income of $20.8 million, up 75% over a year ago.
MINNEAPOLIS -- HEI Inc. generated net income of $79,000 for its second quarter ended July 3, reversing a net loss of $168,000 last year.
MUNICH -- ASM Pacific Technology has reached an agreement to buy Siemens' electronics assembly placement equipment business. ASM will pay €1 for the unit, and Siemens will provide €29 million as a nonrefundable cash-payment.
WASHINGTON – As the US bleeds manufacturing jobs, a House of Representatives committee has approved a bill designed to stem the tide.
The legislation would require the president to direct a board of federal officials, private sector executives and a bipartisan group of governors to assess the state of manufacturing and make recommendations. The goal is to produce a four-year national strategy for building US manufacturing competitiveness.
Rep. Daniel Lipinski (D-IL), who sponsored the bill, asserts America has lost one-third of its manufacturing jobs during the past decade. "[T]these job losses were not inevitable, and I do not accept the notion that there is nothing we can do."
The bill could be voted on by the full House today, and Lipinski is in discussion with Senate colleagues on a similar bill.
