Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Sherrill Manufacturing reorganization plan approved
SHERRILL — A little more than three years after filing for Chapter 11 bankruptcy protection, Sherrill Manufacturing’s reorganization plan received approval from the U.S. Bankruptcy
Cuomo unveils NY’s plan to build high-tech manufacturing complex in Buffalo
BUFFALO — Gov. Andrew Cuomo on Nov. 21 announced New York will build an anchor hub facility for high-tech and green-energy businesses in the city
N.Y. manufacturing index registers first negative reading since May
The Empire State Manufacturing Survey general-business conditions index fell 4 points to -2.2 in November, its first negative reading since May. The Federal Reserve
Cuomo announces FuzeHub initiative to help manufacturers grow
New York Gov. Andrew Cuomo today announced the launch of FuzeHub, a new resource platform developed to spur the growth of New York manufacturers. FuzeHub
Lockheed to cut 4,000 jobs and close four plants, but not Syracuse-area site
Lockheed Martin Corp. (NYSE: LMT) announced today that it will close four plants across the U.S., cutting 4,000 jobs, by mid-2015, in response to continued
Anaren to go private with $381 million sale to Veritas
DeWITT — Anaren, Inc. (NASDAQ: ANEN) will become a private company with its planned sale to a New York City private-equity firm, and Anaren leaders
Hardinge profit declines 63 percent in third quarter
ELMIRA — Hardinge, Inc. (NASDAQ: HDNG), an international manufacturer of advanced metal-cutting tools, reported that its profit fell 63 percent in the third quarter as
Lockheed Martin lays off 80 in Salina, 65 in Owego
Defense contractor Lockheed Martin Corp. (NYSE: LMT) on Wednesday announced plans to lay off 80 employees from its site in Salina and 65 employees from its location
Ephesus Lighting installs LED system at URI’s Ryan Center
SYRACUSE — Ephesus Lighting, Inc. of Syracuse today announced it installed a new LED (light-emitting diode) lighting system at the Thomas M. Ryan Center in
Private-equity firm Veritas Capital to acquire Anaren for about $381M
DeWITT — Veritas Capital, an affiliate of the New York City–based Veritas Capital Fund IV, L.P., is acquiring Anaren, Inc. (NASDAQ: ANEN) of DeWitt in
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.