A Cincinnati-based security and defense products company says it has completed the purchase of the commercial armored vehicle division of BAE Systems for about $10 million. The CEO of the O'Gara Group Inc. and BAE Systems PLC said Monday that the O'Gara group completed the purchase of the West Chester-based BAE division.
A probe into the overheating of a lithium ion battery in an All Nippon Airways Boeing 787 found it was improperly wired, Japan's Transport Ministry said Wednesday. The Transport Safety Board said in a report that the battery of the aircraft's auxiliary power unit was incorrectly connected to the main battery that overheated, although a protective valve would have prevented power from the APU from doing damage.
A U.S. judge on Tuesday approved Swiss-based Transocean Ltd.'s agreement with the Justice Department to pay $1 billion in civil penalties for its role in the massive 2010 oil spill in the Gulf of Mexico—the nation's worst offshore oil spill. Last week, a different judge approved Transocean's criminal settlement with the federal government. The company pleaded guilty to a misdemeanor charge and will pay $400 million in criminal penalties.
The Justice Department is suing a Houston-based company it accuses of illegally discharging oil from a platform in the Gulf of Mexico. The lawsuit filed Monday in New Orleans against ATP Oil & Gas Corp. says the company's alleged federal Clean Water Act violations were discovered during an Interior Department inspection last year.
Shire PLC said Friday it agreed to pay about $57.5 million to resolve a federal investigation into the marketing of its drugs for treating attention deficit hyperactivity disorder. The Irish company makes several ADHD drugs, including the former blockbuster Adderall XR, which was its top-selling product before generic competition began to erode its price and sales.
A federal judge rejected Apple Inc.'s demand to increase the $1.05 billion in damages a jury ordered Samsung Electronics Inc. to pay its fiercest rival in the smartphone market. Late Tuesday, U.S. District Judge Lucy Koh also rejected demands from both companies to conduct another trial on different issues over claims that the South Korean company unfairly used technology controlled by Apple to build its iPads and iPhones to market knockoff products.
Specialty chemicals maker OM Group Inc. said late Monday that it reached a deal to sell the downstream portion of its advanced materials business to a new joint venture for at least $325 million. The deal includes an initial cash payment of $325 million and potential future payments of up to an additional $110 million, if the business meets certain targets over the next three years.
The troubles with Boeing's 787 Dreamliner are drawing an unwelcome spotlight for the Japanese maker of the powerful lithium-ion batteries that have become the focus of investigations into onboard fire risks. Kyoto, Japan-based GS Yuasa Corp. said it began working Thursday with investigators probing the cause of recent problems with the 787.
ConocoPhillips is selling some properties in North Dakota and Montana to a subsidiary of Denbury Resources Inc. for $1.05 billion. The oil and natural gas company said Tuesday that the Cedar Creek Anticline properties span about 86,000 net acres in southwestern North Dakota and eastern Montana....
Samsung Electronics Co. said Tuesday it has withdrawn its requests to have sales of certain Apple products banned in Europe, though it is still pursuing lawsuits over technology licenses. The two companies are waging a legal battle on multiple fronts and across the world as they jostle for dominance in the more than $100 billion global smartphone market.
Stratasys Inc. and Objet Ltd. announced the completion of their merger, forming a leader in 3D printing and direct digital manufacturing. The company will offer three technologies: FDM for functional prototypes and production parts; inkjet-based PolyJet for prototyping parts with high feature detail and fine surface finish; and Solidscape Drop-on-Demand thermoplastic ink-jetting technology for complex wax patterns for investment casting of finished parts.
IBM Corp. has completed its $1.3 billion acquisition of human-resources-management company Kenexa Corp. to expand its line of cloud-based software services. The deal was first announced in late August. About 2,800 Kenexa workers scattered across the U.S. and 20 other countries are now joining IBM, which is based in Armonk, N.Y. Kenexa is based in Wayne, Pa.
A federal judge in San Francisco says she is leaning toward approving a government settlement that will require Google to pay a $22.5 million fine to resolve allegations that it duped Web surfers using the Safari browser so it could track their online activities. The Federal Trade Commission...
British oil company BP said Thursday it is in advanced talks with U.S. agencies about settling criminal and other claims from the Gulf of Mexico well blowout two years ago. In a statement, BP said "no final agreement has yet been reached" and that any such deal would still be subject to court approvals.
A recent review of retractions in medical and biological peer-reviewed journals finds the percentage of studies withdrawn because of fraud or suspected fraud has jumped substantially since the mid-1970s. In 1976, there were fewer than 10 fraud retractions for every 1 million studies published, compared with 96 retractions per million in 2007.
Beckman Coulter Inc., a wholly owned subsidiary of Danaher Corp., announced that Danaher Corp. and a wholly owned subsidiary of Beckman Coulter have entered into a definitive merger agreement with IRIS International Inc. pursuant to which Beckman Coulter will acquire IRIS for $19.50 per share in cash, or an aggregate purchase price of approximately $378 million.
Agilent Technologies Inc. announced that it has entered into a comarketing agreement with Molecular Discovery Ltd. to provide biopharmaceutical researchers with an advanced metabolite-identification platform.
EMD Millipore and iPS Academia Japan Inc. (AJ) announced a global licensing agreement for AJ's induced pluripotent stem (iPS) cell patent portfolio. The non-exclusive agreement provides EMD Millipore the opportunity to continue to develop and ultimately commercialize iPS cells for research applications.
From Napster to iTunes to Pandora, the methods by which the public can obtain and share music have rapidly progressed. Future groundbreaking innovations may need to wait, though, as the next generation of technology is being stymied by the very copyright laws that seek to protect the industry, says Rutgers-Camden University professor Michael Carrier in a new article for a law journal..
A neutron detector developed for studies focused on life science, drug discovery, and materials technology has been licensed by PartTec Ltd. The Indiana-based manufacturer of radiation detection technologies is moving the technology developed at Oak Ridge National Laboratory toward the commercial marketplace.
The Netzsch Analyzing and Testing division and Bruker Corp. announced jointly that Netzsch Japan K.K. has acquired Bruker's Thermal Analysis instruments business in Japan. Together with the international Netzsch group, Netzsch Japan will further develop, produce, distribute, and service the existing and new Thermal Analysis product lines.
Agilent Technologies Inc. announced that it was awarded a significant patent for comparative genomic hybridization (CGH) methods. CGH methods help researchers study genetics and cancer in both basic and clinical research.
Phenomenex Inc. has announced the creation of a new company—Phenova Inc.—which culminates the integration and expansion of Colorado-based Wibby Environmental. Phenova provides proficiency standards and testing services to environmental laboratories working under strict regulatory guidelines.
Leica Biosystems announced that an affiliate has entered into a definitive agreement to acquire Aperio. Aperio will be integrated into Leica Biosystems, and together, the two businesses will leverage each other's strengths to grow and expand digital pathology into the global life science and health care markets.
EMD Millipore, the Life Science division of Merck KGaA, announced that it has entered into definitive agreements to acquire Biochrom AG. The acquisition will strengthen EMD Millipore's Process Solutions business unit, which provides products, services, and solutions that simplify production complexity for pharmaceutical and biopharmaceutical manufacturers.