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Kraft Foods Group Announces $650 Million Restructuring

2015-06-17 17:04:26| Food - Topix.net

On Oct. 29, 2012, Kraft Foods Group Inc.'s board of directors approved a $650 million restructuring, related implementation and spinoff transition program, the company said in a U.S. Securities & Exchange Commission filing. Global snacks business Mondelez International Inc., formerly Kraft Foods Inc., completed the previously announced spinoff of its North American grocery business, Kraft Foods Group Inc., in early October.

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SoftBank Leads $20 Million Investment in Fetch Robotics

2015-06-17 16:08:41| Logistics - Topix.net

Fetch Robotics announced today that it has raised $20 million in Series A funding. The round was led by SB Group US, Inc. and also included additional funding from seed investors O'Reilly AlphaTech Ventures and Shasta Ventures.

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Keysight to buy Anite for GBP 388 million

2015-06-17 10:22:00| Telecompaper Headlines

(Telecompaper) Keysight Technologies has agreed to by UK-based wireless testing equipment provider Antie for GBP 388 million cash. Keysight said the acquisition is in line with its strategy of expanding in software for wireless research and development. Anite will help expand its portfolio into the software layer for design and validation, and grow Keysight's position as a supplier for wireless design and validation tools. Anite's tools help design and validate chipsets, mobile devices and network equipment. Its customers include major manufacturers of mobile devices, chipsets and network equipment, mobile network operators, regulatory authorities, and independent test houses. With offices in 14 countries, Anite has more than 500 employees worldwide. Pending approval from regulators and Anite's shareholders, the takeover is expected to close by the end of October.

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GSK invests $95 million in effort to demystify cell 'operating system'

2015-06-17 06:40:03| Biotech - Topix.net

British drugmaker GlaxoSmithKline is investing $95 million to create a new U.S. research institute led by a top genomics professor to investigate how a cell's operating system works. The move reflects a commitment to fundamental research by the British company, even as its shifts emphasis to greater reliance on non-pharmaceutical businesses such as consumer healthcare and vaccines.

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California district will pay $15 million to sexual abuse victims

2015-06-16 21:24:00| American School & University

Evergreen district in San Jose settles lawsuit brought by families of second-grade students molested by their teacher. read more

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