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Wolfspeed announces Chapter 11 bankruptcy plans
DURHAM, N.C. and MARCY, N.Y. — Wolfspeed, Inc. (NYSE: WOLF), which operates a facility in Marcy, announced plans to file for pre-packaged Chapter 11 bankruptcy
Hochul directs NYPA to develop a new upstate nuclear-power plant, location to be determined
LEWISTON, N.Y. — Gov. Kathy Hochul says she wants the New York Power Authority (NYPA) to develop and construct a zero-emission, advanced nuclear-power plant somewhere
American Airlines adds nonstop flights for Syracuse-Notre Dame football game in November
SYRACUSE, N.Y. — American Airlines has added special nonstop flights between Syracuse and South Bend, Indiana for Syracuse University (SU) football fans attending the team’s
International Wire Group to acquire Pennsylvania copper company
CAMDEN, N.Y. — International Wire Group (IWG), a member of the Olympus Partners and Atlas Holdings portfolio, entered into a purchase agreement to acquire Hussey Copper of Leetsdale, Penn. “This acquisition represents our steadfast commitment to broadening our presence in the electrical infrastructure ecosystem,” IWG CEO Gregory Smith said in a press release announcing the
Cornell University launching layoffs, citing “profound financial challenges”
ITHACA, N.Y. — Cornell University says it’s facing “profound financial challenges” and is taking several steps that will “reduce Cornell’s workforce,” something the university calls
Saab wins $15M U.S. Navy contract modification for multi-mode radar production
DeWITT, N.Y. — Saab Inc. in DeWitt recently won a $15 million modification to a previously awarded U.S. Navy contract to exercise an option for multi-mode radar production and engineering support. Work on the firm-fixed-price and cost-plus-fixed-fee modification will be performed in DeWitt (49 percent) and Gothenburg, Sweden (51 percent), and is expected to be
D&R Technical Solutions brings new leaders to the forefront
Also celebrates 35th year anniversary VESTAL — Engineering-services firm D&R Technical Solutions, Inc. is celebrating more than three decades in business with a changing of the guard. John Mulligan has stepped down from the role of company president, and is letting new leaders take the helm and guide the company going forward. Mulligan, the company
Semikron Danfoss announces Marcy downsizing initiative
MARCY, N.Y. — Semikron Danfoss plans to ramp-down production at its facility in Marcy as part of a controlled scale-down over the remainder of the
Cayuga Milk Ingredients formally opens $270M expansion near Auburn
AURELIUS, N.Y. — Cayuga Milk Ingredients (CMI) on Wednesday formally opened its $270 million expansion following a two-phase project in the town of Aurelius in Cayuga County, near Auburn. The new facility will allow the company to more than double its workforce, adding up to 150 new jobs to the existing workforce of 100 employees,
Air Force’s Rome Lab generated nearly $600 million economic impact in latest fiscal year
ROME, N.Y. — The Air Force Research Laboratory Information Directorate in Rome had a $599 million economic impact on the Utica-Rome and Syracuse metropolitan statistical
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