Business Briefs: Siemens expanion plans spur Homestead lease

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Siemens expanion plans spur Homestead lease

Siemens Rail Automotive has leased property in Homestead as part of an expansion of its manufacturing and engineering operations that will add 129 jobs, the company announced Friday. 

Robinson company sees Q2 profits increase

Calgon Carbon said second quarter profits rose 17 percent on a 3 percent increase in sales. The Robinson environmental products and services company reported net income of $15.2 million, or 28 cents per share, on sales of $145.1 million. The results included a $1.4 million tax benefit. The company earned $13 million, or 24 cents per share, on sales of $140.4 million in the year-ago quarter.

Worker productivity rebounds

U.S. workers were more productive in the April-June quarter and labor costs rose slightly, a sharp turnaround from grim first-quarter figures. The Labor Department says that productivity increased 2.5 percent at a seasonally adjusted annual rate, after plummeting 4.5 percent in the first quarter. Labor costs rose just 0.6 percent, after surging 11.8 percent in the first quarter.

Wholesale inventories up in June

The Commerce Department said Friday that wholesale inventories rose 0.3 percent in June. Sales grew just 0.2 percent in June, down from 0.7 percent in May.

From staff and wire reports


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