Wichita-based Koch Industries Inc. has completed its $7.2 billion purchase of an Illinois company that makes electronic components and cables. Koch says it is paying $38.50 per Molex Inc. share in cash, plus 18 cents per share, representing a pro-rata portion of the regular quarterly cash dividend.
In a statement, the Commission's antitrust chief, Joaquin Almunia, said the two companies "shockingly deprived patients in the Netherlands, including people suffering from cancer, from access to a cheaper version of this medicine."
Wal-Mart Stores is promoting David Cheesewright to president and CEO of its international business. The 51-year-old Cheesewright succeeds Doug McMillon, who last month was named the next president and CEO of the world's biggest retailer. McMillon succeeds Mike Duke.
Chipmakers Rambus and Micron Technology said Tuesday that they signed a broad patent license agreement and settled all of the patent disputes between them. The news sent shares of Rambus Inc. up $1.17, or 14 percent, to $9.70 in premarket trading. Shares of Micron technology Inc. rose 28 cents to $23.40.
The European Food Safety Authority has found that the artificial sweetener aspartame is safe for people to consume at the levels currently used in diet soft drinks. After conducting a major review of evidence, the agency said Tuesday it has ruled out any "potential risk of aspartame causing damage to genes and inducing cancer."
The Bonneville Power Administration can create lightning on demand in a little-known laboratory at Vancouver's Ross Complex substation. It's one way the federal power marketing agency can make sure that some 15,000 miles of power lines on the regional grid won't succumb to the forces of nature.
A Dutch luxury bus company is testing technology — already used in the mining industry — that monitors whether a driver is becoming drowsy.Royal Beuk BV said Tuesday it is outfitting 20 vehicles with a system designed by Australian company Seeing Machines.
Beech-Nut is selling its former baby food production plant in the Mohawk Valley to a company specializing in the rehabilitation of old industrial buildings.Local media outlets report that the Lenzburg, Switzerland-based Hero Group, Beech-Nut's parent company, closed last Friday on a deal selling the facility to TD Development LLC.
Global defense contractor BAE Systems PLC says it us cutting 135 jobs at its York facility over the next three months. The company said Monday that the York plant is nearing the lowest production levels in its 30-plus year history.
Need a hand lifting something? A robotic device invented by University of Pennsylvania engineering students can help its wearer carry an additional 40 pounds.Titan Arm looks and sounds like part of a superhero's costume. But its creators say it's designed for ordinary people.
A French businessman who sold tens of thousands of breast implants filled with industrial-grade silicone and prone to leaks was convicted of fraud on Tuesday and sentenced to the maximum four years in prison.
The Patrick administration has issued final amendments to a regulation it says will reduce up to 90 million tons of carbon dioxide pollution from power plants across nine New England and mid-Atlantic states during the next six years.
A German engineering company has agreed to pay a $32 million fine as part of an agreement to settle charges it worked with a Texas company to bribe Nigerian officials in order to win a $387 million pipeline contract.
A Windsor meat company has recalled some 90,000 pounds of various meat and poultry products that were produced under unsanitary conditions.The U.S. Department of Agriculture's Food Safety and Inspection Service announced the recalls Monday.
One of the largest food supply companies is buying one of its key rivals, creating an even larger, global distribution company.Sysco is buying privately held US Foods for about $3.5 billion in cash and stock.
China's auto sales rose 16 percent in November as Japanese automakers extended a rebound in the world's biggest vehicle market, an industry group reported Tuesday. The figures were an unexpectedly strong performance for automakers that are looking to China to drive global sales amid weakness in U.S., Japanese and European markets.
Lawmakers took an easy step Monday when the Democratic-run Senate unanimously gave final congressional approval to a bill adding another decade to the prohibition against guns that can slip by airport metal detectors and X-ray machines.
Import volume at the nation’s major retail container ports is expected to grow 1.8 percent in December over the same month last year, and the year should end with an increase of 2.3 percent over 2012, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
October U.S. manufacturing technology orders totaled $435.02 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 10.2% from September but down 3.2% when compared with the total of $449.44 million reported for October 2012.
Shares of General Motors Co. hit their highest level Monday since returning to the public stock markets three years ago as investors anticipated the U.S. government selling its remaining stake in the company.