Business News

Broadcom acquires Teknovus for $123 million

Broadcom Corp. made it official Wednesday (Feb 3) it is spending $123 million to acquire startup Teknovus Inc. (Petaluma, Calif.) for its Ethernet passive optical networking technology chipsets and software. “Today ... Read More

Hyundai sales soar in U.S. amid Toyota recall

South Korea’s top automaker Hyundai Motor said on Feb. 3 that its U.S. sales jumped by almost a quarter last month, as Japanese rival Toyota grappled with a massive recall. Hyundai ... Read More

Bayer MaterialScience opens carbon nanotube pilot facility

Bayer MaterialScience announced last week that he has opened the world’s larger pilot facility for manufacture of carbon nanotubes at CHEMPARK Leverkusen in Germany. “Current forecasts predict an annual growth rate ... Read More

FDA approves Auxilium drug to treat hand disease

The U.S. Food and Drug Administration on Tuesday approved Auxilium Pharmaceuticals Inc.’s Xiaflex injection to treat a hand disease that causes “bent” fingers. Xiaflex is designed to treat Dupuytren’s disease, a ... Read More

IBM to buy health care software firm

IBM said Wednesday that it has agreed to buy Initiate Systems, a privately held company that makes software designed to help health care companies manage and share information. Initiate’s software is ... Read More

A boost for light-duty trucks

Smith Electric Vehicles and Proton Power Systems have signed a memorandum of understanding to develop long-range electric service trucks. The partnership will allow Smith Electric to install Proton Power’s fuel cell ... Read More

Haemonetics Corporation to buy Global Med Technologies in $60M deal

Colorado’s Global Med Technologies Inc., a medical-information technology company, has agreed to be bought by Haemonetics Corp. in a deal worth $60 million for shareholders. Braintree, Mass.-based Haemonetics has offered to ... Read More

Cephalon to acquire Mepha AG

Cephalon, Inc. has signed an agreement to acquire Mepha AG and its subsidiaries for $590 million. The privately-held, Swiss-based Mepha is focused on innovative dosage formulations for both generic and branded ... Read More

Survey shows midwest economy growing

A January survey of business leaders in nine Midwest and Plains states suggests that the region’s economy is picking up steam. The Business Conditions Index for the Mid-America region made a ... Read More

Novozymes to launch ethanol product

Danish biotech company Novozymes will launch in the first quarter this year a new enzyme to produce transport fuel from agricultural waste, Chief Executive Steen Riisgaard told Reuters on Saturday. That ... Read More