August 16, 2011
Hyperbaric chamber maker Environmental Tectonics Corp., of Southampton, said its Sterilization Systems Group has new business orders totaling $4.5 million. The company has annual revenues of about $60 million. New contracts include equipment for a university and a life-science client. The work will be performed over the next 15 months, the company said. Shares were up 32 cents, or 17.5 percent, to $2.15 in midday trading. - Reid Kanaley
August 3, 1993 |
Manufacturing declined for a second straight month in July, but the drop was slower than the previous month, a monthly survey of corporate buyers released yesterday showed. It was the third time in the last four months that the manufacturing sector of the economy declined, the National Association of Purchasing Management said. In a separate report, the government said yesterday that spending on construction projects jumped 1.2 percent in June, the best showing this year. But analysts said the important residential sector was still not responding as it should to the lowest interest rates in two decades.
June 2, 1993 |
With diet food again running low at Nutri/System weight-loss centers, the company's franchisees will ask a federal judge today to let them take control of ordering food. Food supplies in the company's warehouses will be virtually depleted by the weekend, the franchisees said in a petition filed Friday with Bankruptcy Court Judge David A. Scholl. Arguments on that request are scheduled for 9:30 a.m. The franchisees forced the Blue Bell company into bankruptcy proceedings May 4 because their food shipments had been cut off since April 27, when bank creditors shut the company down by seizing all of its operating funds.
December 4, 2013 |
Manufacturing is up nationally, the Institute for Supply Management said Monday, citing its much-watched monthly report based on a survey of executives in procurement and supply-chain businesses. The president of the Manufacturing Alliance of Philadelphia noted similar results based on his own survey - one that involves a couple of phone calls to the city's box manufacturers. "They are almost a canary in the mine," Alliance president Stephen Jurash said Monday. Boxes form the essence of the supply chain - all those goods need to be shipped in something, Jurash said.
June 4, 1992 |
New orders to the nation's factories rose 1 percent in April, marking the longest string of consecutive gains in nearly four years, the government said yesterday. Economists said the advance, the fourth-straight, suggested that the economic expansion was continuing, albeit at a less-than-robust pace. "It's progress, but it's slow progress," said economist Cynthia Latta of DRI/McGraw-Hill, a Lexington, Mass., forecasting firm. Economists said the gain supported the view that a weaker-than-normal economic recovery was in place that would push gross domestic product about 2.5 percent to 3 percent higher in 1992.
December 21, 2013 |
Steady as it goes was the theme of this month's Business Outlook Survey released Thursday by the Federal Reserve Bank of Philadelphia. The survey of area manufacturers showed continued modest improvement in economic activity and an optimism that things will be better in six months. It marked the seventh month in a row that the survey showed a positive response from manufacturers. The survey is based on responses from area manufacturers questioned about a series of business indicators and whether they were up or down for the month.
February 20, 2009 |
Regional manufacturers reported that general business conditions deteriorated markedly over the last month, according to a survey released yesterday by the Federal Reserve Bank of Philadelphia. The widely watched survey indicated drops in a number of key areas, including new orders, the number of employees, and the average employee workweek. One bright spot was a tempered but increasing optimism that the economy will begin to improve over the next six months. The results were based on a survey by mail and the Internet from Feb. 1 to 17. Of 160 companies queried, about 85 responded, according to Mike Trebing, senior economic analyst for the Philly Fed. All the companies have more than 100 employees and are from eastern Pennsylvania, southern New Jersey, or Delaware.
September 16, 2010 |
Manufacturing activity in the Philadelphia area was essentially flat in September, which was an improvement from August but less than what economists forecast. Several individual components of the Federal Reserve Bank of Philadelphia's monthly Business Outlook survey, which was released Thursday, were worrisome - especially new orders received by manufacturers and shipments of their finished products. The survey's overall index rose to minus 0.7 in September from minus 7.7 last month.
June 14, 2010
Innovative Solutions & Support Inc., of Exton, announced Monday that it had received $12 million of orders so far during the current fiscal quarter, which will end June 30. The orders were for cockpit displays and air data products for the military, commercial air transport and general aviation sectors. Orders for the military - including a full flight deck retrofit of a C-130 aircraft - made up 58 percent, the most among the three areas. The company, which manufactures, designs and markets systems that display critical flight information, said it expects production for the new orders to begin in the next quarter and be completed within 18 months.
November 2, 1990 |
The nation's purchasing managers said yesterday that a key index of manufacturing activity fell last month to its lowest level in almost eight years. The purchasing managers' index fell a full percentage point to 43.4 percent in October, meaning the manufacturing sector is contracting at its fastest pace since it fell to 42.8 percent in December 1982, the National Association of Purchasing Management said. The weakness in manufacturing, which accounts for about one-fifth of all the goods and services, has pulled down the overall economy, the private group said.