News Items

Philips–spinning off lights for better focus

October 8, 2014
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Philips–spinning off lights for better focus

An industry giant since its founding in 1891 in Eindhoven, Netherlands by the Philips family, the original company specialized in light bulb manufacturing. R&D is at the heart of the company’s success and includes x-ray, radio technology, television, electric shavers, compact audio cassettes, LaserVision optical discs, compact discs, optical telecommunication systems, DVDs, semiconductors, and most…

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Advanced manufacturing and innovation save Northeast Ohio

October 8, 2014
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Advanced manufacturing and innovation save Northeast Ohio

Manufacturing saves northeast Ohio from the devastating unemployment statistics of the recent recession.  This region that traditionally depended upon manufacturing is reinventing itself through innovation in advanced manufacturing techniques.  It contributes over 17% to the total gross product for the state, with healthcare trailing at 11%.  Steady employment increases are linked to successful regional efforts…

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The Panama Canal turns 100–US exports rise

September 1, 2014
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The Panama Canal turns 100–US exports rise

Cargo ships first passed through the Panama Canal on August 15, 1914 with a crossing toll of $0.90/cargo ton. In 1999, ownership of the canal transferred completely from the US to the Panamanian government, which manages canal activities through the Panama Canal Authority. In September of 2007, a $5.25B expansion project began with an expected…

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Chiquita and Fyffes cozy up with merger plans

September 1, 2014
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Chiquita and Fyffes cozy up with merger plans

In this latest twist on banana monopolies, US-based Chiquita and Ireland-based Fyffes affirm that they intend to continue with their merger plans, first announced in March, in spite of a new offer from Brazil-based Cutrale and investment bank Safra.  The worldwide banana market consists of four major competitors:  Chiquita, Dole Food Company, Fresh Del Monte,…

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Electric motorcycles―innovation and the life cycle

August 4, 2014
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Electric motorcycles―innovation and the life cycle

Harley- Davidson is testing the market for electric motorcycles.  The concept is not new, but Harley-Davidson believes the time may be right for them to enter the market with a premium branded model.  Through a year-long marketing campaign involving eventual customers, the company is taking its grass-roots project on the road under the label, “project…

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Assuring the supply chain–Tesla alliance with Panasonic

August 4, 2014
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Assuring the supply chain–Tesla alliance with Panasonic

Tesla makes luxury electric cars.  In 2017, it plans to deliver a new Model 3 range of cars priced at $35,000 and aimed at the middle market consumer.  These new cars will be cheaper, in large part due to cheaper and more efficient battery packs.  In partnership with Panasonic Corp, Telsa plans to build a…

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Allergan in takeover battle―strategy tactics

May 10, 2014
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Allergan in takeover battle―strategy tactics

Canadian pharmaceuticals company, Valeant, wants to take-over Allergan, an American company based in Irvine, California.  Behind this battle is Pershing Square Capital Management hedge fund owner, Bill Ackman, who recently purchased 10% of Allergan’s stock just prior to Valeant’s $46 billion bid for Allergan.  Allergan responded to the attack with a poison pill defense in…

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Tracking your airport navigation and purchasing patterns

May 10, 2014
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Tracking your airport navigation and purchasing patterns

The UK takes big data seriously.  Recently, the London City Airport rolled out a technology tracking project that follows people from the time of entry to the airport to final departure.  The capture technology connects to various apps that collect patterns of time use, purchasing, communication and movement.  Theoretically, managers of the airport intend to…

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Beefing up strategic defenses through acquisition

April 8, 2014
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Beefing up strategic defenses through acquisition

Lego is the world’s leader in snap-to construction block toys.  Mattel is the world’s leader in toys, but it did not have a competing product for the Lego blocks.  Recently, Mattel reached an acquisition agreement with MEGA Brands of Canada in which it will pay $460 million for the company, giving it the MEGA BLOKS…

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AmEx spins corporate travel into a joint venture

April 8, 2014
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AmEx spins corporate travel into a joint venture

Since 2011, AmEx revenue from travel commissions and fees has dropped by approximately 3%.  Recognizing a shift in business and consumer purchasing habits, the company is refocusing its efforts on consumer business.  For corporate travel business, it is creating a joint venture with an outside investor group under the leadership of Certares International Bank LLC. …

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