Business News
PNNL recognized for transferring innovations to the marketplace
December 21, 2012 9:21 am | News | Comments
The Federal Laboratory Consortium announced this week that the Department of Energy national laboratory in Richland is receiving three 2013 Excellence in Technology Transfer awards in recognition for creating technologies or processes that can store large amounts of renewable energy until it's needed, fight cancer and detect explosives, and then moving the innovations to the marketplace.
Report: Federal budget authority for R&D declined in FY2011-12
January 21, 2013 9:59 am | News | Comments
According to a recent report from the National Science Foundation, the federal budget authority...
Doubling down on energy efficiency
January 18, 2013 11:15 am | by Allan Chen, Berkeley Lab | News | Comments
Recent research at Lawrence Berkeley National Laboratory finds utility customer-funded energy...
Sustainability push unites Sandia facilities and research
December 19, 2012 9:28 am | News | Comments
Sandia National Laboratories has launched a Sustainability Innovation Foundry that combines...
United Tech donates $3M for Yale cancer research
May 15, 2013 1:20 pm | by The Associated Press | News | CommentsAerospace conglomerate United Technologies Corp. says it's donated $3 million to establish an endowed professorship at the Yale Cancer Center in New Haven. Lieping Chen will be the first United Technologies Corp. Professor in Cancer Research and is known for research leading to clinical trials of new cancer drugs that harness the body's immune system to fight cancer.
Thomson Reuters Enhances Accelus BoardLink Mobile Offering
May 8, 2013 5:06 am | by The Associated Press | News | CommentsThomson Reuters announced a range of strategic enhancements to its Accelus BoardLink service, a secure board workflow solution designed to serve companies as they operate across borders and involve increasingly mobile, global boards. The boards of public companies face heightened scrutiny from investors, regulators, and the media, and are therefore increasingly reliant on technology for support and assistance.
Dow Chemical gets $2.2B Kuwait dispute payment
May 7, 2013 4:56 pm | by The Associated Press | News | CommentsDow Chemical Co. said Tuesday it received a $2.2 billion payment from Petrochemical Industries Company of Kuwait, settling a dispute over a scrapped joint venture. A year ago, an international arbitration court awarded Dow $2.2 billion in damages stemming from Kuwait's move to withdraw from the joint venture.
Medtronic launches two new implanted heart devices
May 6, 2013 10:51 am | by The Associated Press | News | CommentsMedtronic has put two new implantable heart devices on the market after receiving approval from federal regulators. The FDrA approved the sale of the Viva heart resynchronization devices and Evera implantable cardioverter defibrillators. Cardiac resynchronization therapy devices are used to treat heart failure and implantable defibrillators are used to treat rapid heartbeats.
BMC Software agrees to be sold for $6.6 billion
May 6, 2013 9:50 am | by The Associated Press | News | CommentsBMC Software says it has agreed to be sold to a private investor group for about $6.6 billion in cash. BMC Software Inc. makes system management software for businesses. The Houston-based company says that the deal is for $46.25 per share. That's less than 2% above Friday's closing stock price of $45.42.
FDA OKs Bristol's HIV drug for younger patients
May 3, 2013 5:51 pm | by The Associated Press | News | CommentsBristol-Myers Squibb Co. said Friday that U.S. regulators expanded approval of its HIV drug Sustiva to children as young as three months old. The capsule-based drug was first approved in 1998 to treat HIV-infected children who are age three and older and weigh at least 22 pounds. The new approval expands the drug's use to children age three months to three years who weigh at least 7.7 pounds.
Intel names Krzanich as chipmaker's next CEO
May 2, 2013 2:44 pm | by PETER SVENSSON - AP Technology Writer - Associated Press | News | CommentsIntel's chief operating officer, Brian Krzanich, will become its next CEO in two weeks, tasked with steering the world's largest chipmaker through an industry shake-up that is seeing tablets and smartphones overshadow Intel's base in personal computers.
Japan to allow airlines to resume 787 flights
April 26, 2013 3:58 am | by The Associated Press | News | CommentsJapan's transport minister says the government is poised to allow Japanese carriers to resume flying the Boeing 787 once they complete repairs to problematic lithium ion batteries. Transport Minister Akihiro Ohta says in a statement on the ministry's Website that the approval could come as early as Friday night following an expected official safety order from U.S. federal regulators.
Honeywell to acquire RAE Systems for $340M
April 23, 2013 11:12 am | by The Associated Press | News | CommentsHoneywell International Inc. is buying privately held gas and radiation detection system maker RAE Systems Inc. for $340 million. Minneapolis-based Honeywell, which makes products ranging from aircraft systems to automotive parts and chemicals, said the acquisition will complement its existing business and expand its expertise and its geographic footprint, particularly in high-growth countries like China.
NTSB probes safety testing of Boeing 787 batteries
April 23, 2013 3:24 am | by JOAN LOWY - Associated Press - Associated Press | News | CommentsAs airlines prepare to begin flying Boeing's beleaguered 787 Dreamliners again, federal investigators are looking at how regulators and the company tested and approved the plane's cutting-edge battery system, and whether the government cedes too much authority to aircraft makers for safety testing.
Rocket that will carry cargo ship test launched
April 21, 2013 5:41 pm | by BROCK VERGAKIS - Associated Press - Associated Press | News | CommentsA company contracted by NASA to deliver supplies to the International Space Station successfully launched a rocket on Sunday in a test of its ability to send a cargo ship aloft. About 10 minutes after the launch from Wallops Island on Virginia's Eastern Shore, Orbital Sciences Corp. of Dulles declared the test a success after observing a practice payload reach orbit and safely separate from the rocket.
Investors who stood by Boeing reap reward
April 21, 2013 2:21 pm | by JOSHUA FREED - AP Business Writer - Associated Press | News | CommentsInvestors who stood by Boeing during its 787 crisis have been rewarded. Things looked bad three months ago. Boeing's flagship plane was grounded worldwide because no one could explain the smoldering batteries on two different planes. Deliveries of the 787 to customers had stopped. No one knew how much the whole mess would cost.
Report: Blackstone drops out of race to buy Dell
April 18, 2013 11:18 pm | by The Associated Press | News | CommentsThere appears to be one less bidder pursuing an acquisition of slumping personal computer maker Dell. The Wall Street Journal reports that the Blackstone Group has retreated from its plans to submit an offer to buy most of Dell Inc.'s outstanding stock for $14.25 per share.
Taiwan tech industry faces up to Samsung
April 17, 2013 4:54 am | by ANNIE HUANG - Associated Press - Associated Press | News | CommentsTaiwanese companies have long viewed tech giant Samsung as a major threat and the battle has recently appeared to tilt in favor of the South Korean rival as Taiwan's smartphone, memory chip, and display panel makers suffered sagging exports.
Thermo to acquire Life Technologies
April 16, 2013 7:30 am | News | CommentsThermo Fisher Scientific Inc. and Life Technologies Corporation have signed a definitive agreement under which Thermo Fisher will acquire Life Technologies for $76.00 in cash per fully diluted common share, or approximately $13.6 billion, plus the assumption of net debt at close ($2.2 billion as of year end 2012).
Monsanto, Dow cross-license biotech corn traits
April 11, 2013 1:14 pm | by The Associated Press | News | CommentsMonsanto and Dow AgroSciences LLC said Thursday they reached a new licensing agreement to collaborate on biotech-engineered corn that is resistant to herbicide and insects. Under the agreement, Monsanto will license Dow's new Enlist weed control technology, which allows corn to tolerate weed-killing chemicals.
First Solar in strategic shift, buys TetraSun
April 9, 2013 5:10 pm | by JONATHAN FAHEY - AP Energy Writer - Associated Press | News | CommentsFirst Solar Inc., in a major strategic shift, will begin making a type of solar panel it has long competed against in an effort to win new customers. First Solar announced Tuesday it would acquire TetraSun, which has developed a design for high-efficiency solar panels, from JX Nippon Oil & Gas Energy Corp.
Vertex, Bristol-Myers ink hepatitis C partnership
April 5, 2013 12:00 pm | by The Associated Press | News | CommentsVertex Pharmaceuticals Inc. said Friday it will work with Bristol-Myers Squibb Co. to study a potential hepatitis C treatment regimen that includes Bristol-Myers Squibb's drug daclatasvir and Vertex's VX-135. Both drugs are taken orally. Vertex said it will start a clinical trial of the once-per-day regimen during the second quarter.
GE to build global research center in Oklahoma
April 3, 2013 1:39 pm | by TIM TALLEY - Associated Press - Associated Press | News | CommentsGeneral Electric Co. plans to spend $110 million on a new global research center in the Oklahoma City area that will create 125 new engineering jobs, Gov. Mary Fallin and GE Chairman and CEO Jeff Immelt said Wednesday. The center represents GE's longstanding commitment to technological innovation and will work toward advancements in the oil and natural gas fields that will help bring products to market faster, Immelt said.
Pfizer inks deal with nanotechnology drugmaker
April 3, 2013 1:36 pm | by The Associated Press | News | CommentsBIND Therapeutics said Wednesday that Pfizer Inc. has agreed to pay it $160 million per drug as part of a collaboration to develop targeted medicines using nanotechnology which use particles measured in billionths of a meter. BIND is developing an experimental group of targeted, programmable...
Apple patents iPhone with wraparound display
March 29, 2013 4:47 pm | by PETER SVENSSON - AP Technology Writer - Associated Press | News | CommentsApple is seeking a patent for an iPhone that has a display that wraps around the edges of the device, expanding the viewable area and eliminating all physical buttons. The patent application reveals that Apple has put some thought into a device that takes advantage of a new generation of displays, which don't have to be flat and rigid like today's liquid-crystal displays, or LCDs.
FDA approves first-of-its-kind diabetes drug from J&J
March 29, 2013 3:38 pm | by The Associated Press | News | CommentsThe Food and Drug Administration on Friday approved a first-of-its-kind diabetes drug from Johnson & Johnson that uses a new method to lower blood sugar—flushing it out in patients' urine. The agency cleared J&J's Invokana tablets for adults with Type 2 diabetes, which affects an estimated 26 million Americans. The once-a-day medication works by blocking the kidneys from reabsorbing sugar, which occurs at higher levels in patients with diabetes than in healthy patients.
3M and Avery Dennison resolve patent lawsuits
March 29, 2013 9:01 am | by The Associated Press | News | CommentsOffice products makers 3M Co. and Avery Dennison Corp. said Friday that they have resolved patent infringement lawsuits filed against each other related to certain reflective sheeting products used on traffic signs, pavement markings and other traffic control products.
DuPont drops Kevlar lawsuit against Easton-Bell
March 28, 2013 1:45 pm | by RANDALL CHASE - AP Business Writer - Associated Press | News | CommentsDuPont Co. has dropped a federal lawsuit accusing sports equipment maker Easton-Bell Sports of misusing the Kevlar trademark in packaging for bicycle tires and locks. But the fight may not be over. DuPont's filing Thursday dismissing the lawsuit comes two days after a federal judge in California refused to dismiss or transfer to Delaware a lawsuit filed by Easton-Bell.
FDA approves new multiple sclerosis capsules
March 27, 2013 5:11 pm | by MATTHEW PERRONE - AP Health Writer - Associated Press | News | CommentsThe Food and Drug Administration said Wednesday it approved a new drug from Biogen Idec to control multiple sclerosis in adults with hard-to-treat forms of the disease. The twice-a-day capsules, called Tecfidera, offer a new option for multiple sclerosis, a debilitating disease in which the body attacks its own nervous system.
