Dow Corning Corp. Wednesday announced revenue of $2.69 billion and net income of $149 million for the first half of 2013, both down from a year earlier.
Grand Rapids-based Open Systems Technologies Inc. announced this week the opening of a new branch office at 28 W. Adams Ave., Detroit, on the 17th floor of the Grand Park Centre building.
Dow Chemical Co. eported revenue of $14.58 billion for the second quarter ended June 30, up from $14.51 billion a year earier. Due to a massive one-time payment, net income skyrocketed to $2.44 billion or $1.87 a share, up from $740 million or 55 cents a share a year earlier.
Ford sales up 13 percent, Chrysler sales rise 8 percent, GM up 6 percent. Imports see similar gains.
Advanced Photonix Inc., the Ann Arbor manufacturer of optical and electronic data transmission equipment and terahertz instrumentation, Monday reported a larger loss on a sales slump for the fiscal year ended March 31.
Ford sales up 14 percent. Chrysler sales up 11 percent. GM sales up 3 percent. Great month for pickup trucks.
Dow Corning Corp. Wednesday reported adjusted net income of $66.4 million in the first quarter, down 6 percent from a year earlier. Sales were $1.26 billion, down 17 percent from a year earlier.
Ford sales up18 percent, Chrysler and GM up 11 percent.
LMC Automotive now expects 15.4 million sales this year.
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