Industry News

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]
Chicago Tribune Phil Rosenthal column [Chicago Tribune]
Dycom Industries of Palm Beach Gardens is the region's top performer, rising 36 percent through the first seven months of the year. Juno Beach-based NextEra Energy had a bit of a hiccup when regulators in Hawaii rejected a merger bid there, but the utility's hefty earnings and dividend remain a draw for investors."/>
What summer lull? July a winner for some local shares [The Palm Beach Post, Fla.]
Graham Corp. is cutting its work force by 10 percent as the slump in its key energy markets cuts into the Batavia heat transfer equipment maker's sales and profits. Graham said it eliminated most of the jobs, including between 21 and 23 positions in Batavia, during June in a move that is expected to save the company about $2.7 million a year at a time when its first-quarter profits were barely better than break-even and its sales dropped by 19 percent. "A challenging..."/>
Graham cuts 10 percent of its workers as profits fall [The Buffalo News, N.Y.]
Taiga Building Products Ltd. announces that the following eight directors were elected at the annual general meeting of shareholders of the Company held on July 28, 2016:. In addition, at the Meeting, shareholders approved the reappointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Accountants as auditors of the Company for the ensuing year. The formal report of voting results with respect to all matters voted upon at the Meeting was filed on..."/>
Taiga Building Products Announces Annual General Meeting Voting Results
Discovery Air Inc. announced today that all of the nominees listed in its information circular for the annual meeting of shareholders held on July 29, 2016 in Toronto were elected as directors of Discovery Air. Each such director will serve until the next annual meeting of shareholders or until their successors are elected or appointed or they otherwise cease to serve as directors. Detailed results of the vote for the election of directors held at the..."/>
Discovery Air Announces Election of Directors

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