Business News

Emerson, Panduit announce partnership

Emerson Network Power is partnering with Panduit to incorporate its products into Panduit’s Unified Physical Infrastructure (UPI) system, the two companies said today. The UPI system integrates equipment and technology from ... Read More

Emerson, Korea South East Power partner on power plants

An Emerson business unit and Korea South East Power Co. have signed a memorandum of understanding to collaborate on modernizing existing power plants and constructing new ones in Korea, the Middle ... Read More

Caterpillar’s global sales jump

Caterpillar Inc. said Friday that its machine sales worldwide jumped 11 percent in May compared with a year ago as a rebound in North American and Asian business markets helped offset ... Read More

Corn Products to buy starch business for $1.3 billion

Corn Products International has agreed to buy the starches arm of Dutch paintmaker Akzo Nobel N.V. for around $1.3 billion. Corn Products International will pay cash and also assume employee obligations ... Read More

BASF poised to buy Cognis for $4 billion

BASF, the world’s largest chemicals maker, has sealed a deal to buy Cognis, a German maker of additives, for at least 3.3 billion euros ($4.1 billion), The Wall Street Journal reported, ... Read More

EADS debuts all electric plane

Following the flight of an aircraft powered by algae-based fuel, EADS is now tackling the new challenge of a zero-emission propellant. Partnered by Aero Composites Saintonge and the Greencri-cri Association, EADS ... Read More

PC World blogger likes St. Louis for Google fiber project

St. Louis has applied to become a test market for Google’s experimental ultra-fast fiber optic Internet service, and a PC World blogger thinks the Gateway to the West would be a ... Read More

Saft develops Li-ion batteries for military applications

Saft, a supplier of advanced battery systems for defense applications, has developed a new lithium-ion battery for non-hybrid vehicles which would power the ignition, lighting and electrical hardware for long periods ... Read More

Covidien to buy Somanetics for $250M

Covidien plc said Wednesday it plans to buy Somanetics Corp. for $250 million. Somanetics, which develops, manufactures and sells noninvasive medical diagnostic and monitoring equipment, had sales of $50 million in ... Read More

Ball selling packaging unit to Amcor for $280M

Metal and plastic packaging supplier Ball Corp. said Tuesday that it has agreed to sell its U.S.-based plastic packaging business to Australian packaging company Amcor Ltd. for $280 million. The deal ... Read More