Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
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
Lockheed Martin: operations in Salina will continue ‘for at least the next year’
SALINA — Lockheed Martin Corp. (NYSE: LMT) says it “will not consider” any plans that would impact the future of its site in Salina “for
PAR Technology Q3 profit, sales decline
NEW HARTFORD — PAR Technology Corp. (NYSE: PAR) today announced net income of $445,000, or 3 cents per diluted share, during the third quarter that
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.