3M Co., the maker of 55,000 products from Post-It Notes to electronic road signs, will manufacture face masks in Singapore starting April, Chief Executive Officer George Buckley said in the city-state today.
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Posts Tagged ‘maker’
Nokia Buys Assets of Social Networking Maker Plum
September 11th, 2009 |
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Nokia purchases some of the assets of Plum, a company that specializes in cloud-based social media and messaging technology. Nokia, which is looking to strengthen its mobile app offerings against the likes of Apple and RIM, says it plans to integrate the technology with its Services unit.
– Nokia,
which is trying to strengthen its mobile application offerings against the
likes of Apple, Microsoft and Research In Motion, is acquiring some of the
assets of Plum, which specializes in social media.
Nokia and Plum announced the deal Sept. 11. The two
companies did not disclose the full…
Levi Strauss tempts Indians with denim on credit
September 1st, 2009 |
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US jeans maker Levi Strauss has begun selling its denim on credit in India, offering shoppers the chance to buy a $30 pair of its famous trousers in three installments. The technique of allowing deferred payments is an age-old commercial strategy more common for sales of washing machines or
Fraser & Neave’s 3Q profit climbs 11.7% to $123.2m : Update
August 7th, 2009 |
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Fraser & Neave, Singapore’s largest beverage maker and a property developer, said third- quarter profit climbed 11.7% as home sales surged.
Net income for the three months ended June 30 climbed to $123.2 million, or 8.8 cents a share, from $110.3 million, or 7.9 cents a year earlier, the company said in a statement today. Revenue increased 12.3% to $1.35 billion.
HTC, Maker of Android Smartphones, Drops Revenue Forecast for 2009
August 2nd, 2009 |
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High Tech Computer (HTC), the Taiwan smartphone maker known for its popular devices running the Google Android operating system, such as the T-Mobile G1 and myTouch, has significantly lowered its revenue forecast for 2009. The only manufacturer immune to the current economy, it seems, is Apple.
– Smartphone maker HTC lowered its 2009 revenue forecast for the year,
after the Taiwan stock market closed for the day on July 31.
Instead of growth of about 10 percent, the Taiwan-based company is now
predicting a “low to mid-single digit” fall in revenue, according to a
report from Reuters….
Medtecs receives order for 2 million flu protection gowns
July 31st, 2009 |
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Medtecs International Corp., a maker of medical products, received an order to supply two million isolation gowns to protect against the influenza viruses, with an option to supply a further two million, it said in an exchange filing today.
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IBM scoops up software maker SPSS in $1.2B deal
July 29th, 2009 |
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SAN FRANCISCO (AP) — IBM Corp. is bulking up its most profitable division with a $1.2 billion acquisition of business software provider SPSS Inc., a deal that also reflects the power of wealthy technology companies to throw their money around despite the recession.
The all-cash deal announced Tuesday represents a 42 percent premium over Chicago-based SPSS’s [...]
IBM to Buy Analytics Software Maker SPSS for $1.2 Billion
July 28th, 2009 |
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In an expansion of its Information on Demand initiative, IBM is looking to buy longtime partner SPSS, which makes predictive analytics software, for $1.2 billion. The move will expand IBMs ability to offer customers solutions they can use to mine data and turn that information into a strategic business asset. SPSS officials called the two companies complementary and said the breadth of IBMs portfolio, resources and customer base will be an advantage for SPSS customers and employees.
– IBM is looking to add greater predictive
analysis capabilities to its Information
on Demand software through the $1.2 billion acquisition of longtime partner
SPSS.
IBM and SPSS
made the announcement July 28. Officials with both companies say they expect
the deal to close later this year, pendi…
Rolls Royce to build new plants in UK, Singapore
July 28th, 2009 |
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Engine maker Rolls Royce (RR.L) said today it would build or extend four factories in Britain and open a new plant in Singapore, creating new jobs in both countries.
The British company plans to invest over 300 million pounds ($712 million) in the UK where unemployment is running at the highest rate in 12 years. The government will contribute 45 million pounds towards the projects which are expected to create or secure 800 jobs.
JetBrains Delivers New Programming System
July 27th, 2009 |
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JetBrains, maker of developer tools such as the IntelliJ IDEA integrated development environment for Java developers, announces the 1.0 release of its new conceptual software development environment — Meta Programming System.
– JetBrains, maker of developer tools such as the IntelliJ IDEA integrated
development environment for Java developers, has announced the 1.0 release of
the company’s new conceptual software development environment Meta Programming
System, or MPS.
MPS is designed to create new languages
or langua…
Nokia Acquires Social Networking Software Company Cellity
July 24th, 2009 |
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Finnish mobile phone maker Nokia buys German social networking software maker Cellity. Cellity’s software consolidates and manages addresses from multiple sources such as Outlook, Twitter and other social networking sites.
– Nokia said July 24 it has acquired Cellity, a German social networking
software company that specializes in consolidating address management from
different sources such as a cell phone address book, Outlook, and Twitter and
other social networking services. Terms of the transaction were not discl…
Tobacco manufacturer sacks 166 workers
July 19th, 2009 |
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The Vranje-based DIV cigarette maker, majority owned by British American Tobacco (BAT), has laid off 166 workers. This was confirmed by the company’s General Director Mike Edwards, who said the decision came due to losses and in order to adopt to the market conditions.
Crocs Maker Appears Headed Toward Bankruptcy
July 18th, 2009 |
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Crocs were born of the economic boom.
The colorful foam clogs appeared in 2002, just as the country was recovering from a recession. Brash and bright, they were a cheap investment (about $30) that felt good and promised to last forever. Form…