Microinverter maker Sparq Systems Inc secured USD 2.75 million from MaRS Cleantech Fund and other venture capital firms.
North America
Atlantic Grid and Google moves from wind power to power transmission
Atlantic Grid had moved to connecting power for delivery to New Jersey state. The company that had plans to build an undersea power transmission line backed by Google, Atlantic Grid Development LLC, has refocused its efforts in moving electrical power across New Jersey instead of its original plan of interconnecting offshore wind farms.
DuPont to spin off high end chemicals unit
In a tax free spin off, DuPont would be able to spend just USD0.01 to USD0.02 per share. The largest chemicals maker in the United States in terms of value, Dupont Co.
Live Nation Entertainment buys Voodoo Music & Arts Experience for undisclosed sum
Live Nation Entertainment acquired Voodoo Music & Arts Experience. Entertainment firm Live Nation announced that it had bought Voodoo Music & Arts Experience.
Twitter shares priced between USD17 and USD20
With an upper range of USD20 per share, the total enterprise value of Twitter is at USD10.9 billion.
Latest News
An Orlando, FL federal jury awarded USD173 million in penalties upon Qualcomm for patent infringement perpetrated upon ParkerVision.
Canada-based Saputo's bid of USD 432 million had so far bested all other offers for Warrnambool Cheese & Butter Factory Co.
The government of New Brunswick, a province in Canada, had invested USD 5 million for its Startup Investment Fund.
The procedures for the Nov 19 auction had been approved by a bankruptcy court. US supermarket chain Fresh and Easy Neighborhood Market Inc won approval in court of its scheduled Nov.
ICU Medical Inc sought to sell itself but recent negotiations had broken down with one prospect, GTCR LLC.
DIRTT filed for a USD 45 million initial public offering in Canada. Doing It Right This Time or DIRTT Environmental Solutions said it had filed for an IPO in Canada to raise gross proceeds of USD 45 million.
Banks bought more shares of ING Groep's US unit. Netherlands-based ING Groep said the underwriters for the share sale of its US insurance business would be buying additional shares.
Boeing has to cut production of its 747 jets because of the changing economic landscape, a report said.
The Boeing 747 could be headed towards an uncertain future, according to an Associated Press report.
