Sol Voltaics AB of Lund, Sweden has completed a total of $15.6m (SEK102m) in new funding by adding $9.4m in an equity round to the $6.2m (SEK41m) loan (announced in June) from the Swedish Energy Agency (SEA), Sweden's national authority for ...
Tags: Nanowire GaAs PV, Electrical, Electronics
When Microsoft finally completes Steve Ballmer's last-ever super-soaraway acquisition, some 32,000 lucky Nokians will be magically transformed into Microsofties. For a company shrinking as fast as Nokia, it's amazing there are so many ...
Tags: Computer Products, software
The new luxury division of Carolina Mattress Guild will operate under the banner of Scott & DuVal and will introduce high-end beds at next month's High Point Market, the company announced. The new division represents a partnership between ...
Tags: Light Industry, Daily Use
Online UK bike retailer Wiggle announced that Stefan Barden will succeed Humphrey Cobbold as chief executive of the company. Barden, who was most recently CEO of food distribution company Brakes Bros, is a former CEO of Northern Foods and ...
Tags: Transportation, bike
Microsoft is to buy Nokia's mobile phone business and license its patents in a deal worth $7.2bn (£4.6bn). Further reading Nokia whacked by another downgrade – Moody's rates Nokia four notches below investment grade Microsoft ...
Tags: Microsoft, Nokia, Mobile Business
Osram and Sharp have cross-licensed LED and laser-diode patents, while Zumtobel appoints a new CEO and its Tridonic business completes the sale of its magnetic ballast plant in Australia. Osram GmbK based in Munich, Germany, and Sharp ...
Tags: laser-diode, Osram
HP CEO Meg Whitman has reshuffled her senior team in advance of the announcement of what is expected to be lacklustre financial results later today. Chief operating officer Bill Veghte will replace Dave Donatelli as head of HP's ...
Tags: HP, Computer Products, software
Cache, Inc., a specialty chain of women’s apparel stores, reported results for the thirteen and twenty-six week periods ended June 29, 2013. For the 13-week period ended June 29, 2013: -Net sales decreased 2.5% to $60.1 million ...
Tags: Women's Apparel
New owner of Lotus, Malaysian manufacturing group DRB-Hicom, has committed to adding 100 employees to the British brand’s operations including 45 engineers, 40 manufacturing operatives and 18 graduates. The expansion comes one month ...
Tags: Lotus, New Models
The future of Lotus has been secured, with the brand’s Malaysian owner committing to a three-year investment program to rejuvenate the embattled British sports car maker. DRB-Hicom managing director Tan Sri Mohd Khamil Jamil told ...
Tags: Lotus
The closure of Premier Foods' Barry mill in the Vale of Glamorgan – with the loss of 43 jobs last week – and plans to reorganise its milling business into two parts could herald its sale, according to City analyst Investec. ...
Tags: Milling Business, Agriculture, Food
Jesse Schell, CEO, Schell Games, and Nolan Bushnell, Former CEO, Atari, will kick off the 2013 Serious Play Conference (SPC) Tuesday – Thursday, Aug. 20 – 22, 2013, with a keynote address at DigiPen Institute of Technology in ...
CableOrganizer.com, an online retailer of electrical, telecom/datacom/networking and home theatre, cable and wire management products, has announced the majority stake investment and acquisition by KT Capital Partners LP and CapitalSouth ...
Tags: Electrical, Electronics
Porsche’s former chief financial officer has been convicted of credit fraud by a German court in a criminal case relating to a failed 2009 bid by the sports car maker to buy Volkswagen. Bloomberg reports Holger Haerter was convicted ...
Tags: Porsche, Fraud, Volkswagen Bid
Google will not add facial recognition software to its futuristic-looking computerized eyeglasses at this point due to privacy concerns. The company announced late Friday that Glass won't include facial recognition technologies. Google ...
Tags: Google, Facial Recognition, Privacy