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Plant's $36 million sale is a good omen

2015-06-09 14:32:01| Semiconductors - Topix.net

The $36 million sale price for the 400,000-square-foot building at 112 Barnum Road in Devens is eye-popping, suggesting there's a need for prime commercial real-estate space in this part of Massachusetts. The memory of Evergreen's demise is still painful.

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Pentagon Insider: Reliance Steel Claims $120 Million Pentagon Contract

2015-06-09 03:56:10| Steel - Topix.net

For many investors, the U.S. government seems a black box. Taxes go in, spending comes out - but with the exception of the occasional headline-grabbing megacontract, where the spending goes, and how much goes to whom, remains very much a mystery.

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Lac-Megantic settlement fund grows to $345 million

2015-06-09 01:27:28| Railroads - Topix.net

The settlement fund for victims of the oil train accident in Lac-Megantic, Quebec, that killed 48 people grew by nearly half Monday with the addition of $110 million committed by World Fuel Services Corp. It brings the fund to $345 million , according to Robert Keach, trustee for the bankrupt Montreal, Maine and Atlantic Railroad. The settlement fund was at $235 million before World Fuel's settlement Monday,Keach said.

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Pozen buying Canada's Tribute Pharmaceuticals for US$146 million

2015-06-08 22:49:01| Biotech - Topix.net

U.S. specialty drug company Pozen Inc. announced Monday that it plans to acquire Tribute Pharmaceuticals Canada in a deal valued at about US$146 million. After the acquisition, expected to be competed in the fourth quarter, the combined company will change its name to Aralez Pharmaceuticals PLC and move its headquarters to Ireland to benefit from lower corporate tax rates in that country.

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Ballard Inks $10 Million Deal to Power 33 Clean Energy Buses in China

2015-06-08 18:25:18| IT Services - Topix.net

Ballard Power Systems announced that it has signed definitive license and supply agreements with each of Nantong Zehe New Energy Technology Co., Ltd. and Guangdong Synergy Hydrogen Power Technology Co., Ltd. to provide fuel cell Power Products and Technology Solutions to support the planned deployment of an initial 33 fuel cell-powered buses in two Chinese cities. The deal has an estimated value of $10 million, the majority of which is expected to be recognized in 2015.

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