West Virginia

Champion Industries announced a reduced second quarter 2013 net loss from continuing operations of $700,000, compared to a net loss from continuing operations of $21.0 million for the quarter that ended April 30, 2012.

Champion reported a net loss from discontinued operations for the fiscal second quarter of $101,000 compared with net income of $25,000 last year.

In the earnings release, the company attributed its sales compression to softness in the West Virginia market and certain customer-specific attrition.

The Obama administration announced the creation of a National Additive Manufacturing Innovation Institute in Youngstown, Ohio, devoted to promoting 3-D printing technology.

"This institute will help make sure that the manufacturing jobs of tomorrow take root not in places like China or India, but right here in the United States of America," Obama said in a statement. "That's how we'll put more people back to work and build an economy that lasts."

The institute will be financed by $30 million in federal funding, matched by $40 million from a private industry consortium. It is designed to serve Ohio, Pennsylvania and West Virginia.