Industry News

Commercial drone use takes off [The Blade, Toledo, Ohio]
Broadwind Energy manufacturing facility will increase its capacity by 30 percent, according to the news release from the company on Friday. The Cicero, Illinois-based company, said its board of directors has approved the $4 million expansion of its Abilene wind energy tower facility. "The expansion plan will increase tower production capacity in this plant to approximately 200 towers annually," according to the news release."/>
BRIEF: Broadwind Energy to expand Abilene facility by 30 percent [Abilene Reporter-News, Texas]
Whole Foods Market issued a mixed third-quarter earnings report last week, missing on Wall Street revenue forecasts. Whole Foods said it had record revenue for the quarter of more than $3.7 billion, with earnings per share of 37 cents. Thomson Reuters analysts had projected revenues of $3.73 billion with earnings per share of 37 cents."/>
Top Local Business Stories of the Week [Austin American-Statesman]
Honeywell locked more than 300 members of United Auto Workers Local 9 out of the company's aerospace plant at 3520 Westmoor St. Honeywell made the decision after UAW members voted to reject the company's new contract offer in early May. Union workers at the South Bend plant earn an average of $22 per hour, so that means the average worker has lost more than $10,000 in wages-- not including overtime and benefits-- since the lockout started."/>
Union to get day in court [South Bend Tribune, Ind.]
Allegheny Technologies and Alcoa delivered optimistic earnings reports in the past month."/>
Pittsburgh-area metal producers roared back in July [The Pittsburgh Tribune-Review]
National Presto Industries had a 14 percent drop in net sales last quarter when compared to the same period in 2015.. The nearly $88 million net sales for the three months ending July 3 was a notable decline from $102.4 million a year prior. In the company's second quarter earnings report released Friday, President Maryjo Cohen attributed the $14.4 million sales decrease primarily to timing of defense segment shipments, which were off by about 20..."/>
Presto sales fall in 2Q [The Leader-Telegram, Eau Claire, Wis.]
Ashok Leyland Ltd, resigned from the board of directors with effect from 28 July, the company said in a BSE filing on Friday. Seshasayee is also the non-executive chairman of Infosys Ltd and chairman of Indusind Bank Ltd.. Last year, the board of Infosys named Seshasayee, who was an independent director at the Bengaluru-based software services firm, as non-executive chairman, replacing K.V."/>
BRIEF: R. Seshasayee resigns from Ashok Leyland board [Mint, New Delhi]
L&T's Q1 profit rises 46% to Rs610 crore [Mint, New Delhi]
Barnes Group Inc. reported Friday a drop in second-quarter revenue and profit, citing unfavorable foreign exchange, weak tool and die markets in Asia and reduced aerospace manufacturing and spare parts sales. But its profit beat Wall Street expectations and shares jumped nearly 3.5 percent, closing at $37.93. Net income of $33.2 million, or 61 cents per share, was down 3 percent from the same three-month period last year."/>
BRIEF: Barnes Group Posts Lower 2nd Quarter Revenue, Profit [The Hartford Courant]
Rolls-Royce soared as the British engineering giant signalled its turnaround plan was working– despite a dramatic fall in profits. As a string of companies outlined their plans for the future on a bumper day of corporate results, Rolls stock closed up 13.5 pc, or 99 p at 831 p. The rally came despite Rolls posting an 80 pc slump in first-half profits to pounds sterling 104 m and a 1 pc slide in sales to pounds sterling 6.5 bn."/>
Day when ruthless blue chips got to grips with global turmoil by axing jobs and cutting costs [Daily Mail, London]
BAE Systems as those companies seek to protect themselves from rogue employees. BAE's cyber security business is now using cutting-edge technology to prevent external attacks and combat threats from rogue staff who want to make insider trades. Chief executive Ian King said a growing threat for large businesses was securing confidential data from disaffected employees who wanted to hack into the..."/>
BAE sales lift as it leads the fight against insider deals [Daily Mail, London]
Daily Mail, London, Alex Brummer column [Daily Mail, London]
Daily Mail, London, business briefs column [Daily Mail, London]
Rolls-Royce profit falls, it was Britain's new takeaway giant that was among the winners in the markets. Just Eat revenues have soared 59 pc to pounds sterling 171.6 m over the past six months."/>
Daily Mail, London, market report column [Daily Mail, London]
Chicago Tribune Phil Rosenthal column [Chicago Tribune]

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