Business News

Light-emitting diode shortage likely this year

According to electronic market research firm iSuppli, LEDs are facing a global supply shortage in 2010, and the year may end with a sharp under-supply of the in-demand devices unless production ... Read More

Nucor forms joint venture with Mitsui

Steelmaker Nucor Corp. has entered into an agreement with Japan-based steel products manufacturer Mitsui & Co. Ltd. to form a new company called NuMit LLC, Nucor said March 2. Under the ... Read More

Washington University cancer researchers get grant

Two Washington University researchers, Emily Cheng and Ellen Langer, recently won a combined $870,000 in research grants from the American Cancer Society. They join 15 other current grant recipients in the ... Read More

Germany’s Merck buying Millipore for $7.2 B

German pharmaceutical company Merck KGaA will buy U.S. biotech equipment maker Millipore Corp. in a deal valued at $7.2 billion including debt, according to media reports Sunday. Speculation about an acquisition ... Read More

Ford invests $155 million in fuel-efficient engines

Ford Motor Co. announced on Feb. 26 that it is investing $155 million and adding 60 jobs at its Cleveland operations to build a new fuel-efficient V-6 engine for the 2011 ... Read More

Solutia to buy Etimex Solar for $325M

Solutia Inc. said Monday it plans to buy Etimex Solar GmbH, a company that supplies solar products, for nearly $325 million. Etimex Solar is a subsidiary of Germany-based Etimex Holding GmbH, ... Read More

Daimler, BYD form electric car partnership

Daimler AG says it has signed a memorandum of understanding with China’s BYD Co. to develop jointly electric vehicles for the fast-growing Chinese market. Daimler said Monday the two companies envision ... Read More

Baxter to buy British firm ApaTech for $330M

Specialty drug and medical device maker Baxter International Inc. said Monday it will spend up to $330 million to acquire ApaTech, a privately held British concern that makes bone and soft ... Read More

KMG Chemicals buys electronic chemicals unit

Specialty chemical maker KMG Chemicals Inc. will spend approximately $24.7 million to buy the electronic chemicals business of General Chemical Performance Products LLC. KMG said Friday the deal includes about $7 ... Read More

Coca-Cola to buy bottling unit

The Coca-Cola Company confirmed Thursday morning that it had agreed to acquire the North American operations of its largest bottler, reversing a 24-year-old strategy of keeping its bottling operations separate from ... Read More