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Samsung plans to invest USD 1.2 billion in US IoT
2016-06-22 08:38:00| Telecompaper Headlines
(Telecompaper) Samsung announced plans to spend USD 1.2 billion over four years in developing its US-based Internet of Things (IoT) R&D and investments. Samsung Electronics Vice Chairman and CEO Oh-Hyun Kwon unveiled Samsung's vision for a 'Human-Centered IoT' at a Samsung-hosted forum in Washington, DC. The plans will be led by the Samsung Strategy and Innovation Center, Global Innovation Center and Samsung Research America, part of Samsung's US footprint of more than 15,000 employees across the country.
Starwood Said to Offer $1.2 Billion of U.S. Malls for Sale
2016-06-21 20:21:00| National Real Estate Investor
Ed Hammond and Jack Sidders Starwood Capital Group LLC hired Eastdil Secured LLC to broker the sale of U.S. malls valued at about $1.2 billion, according to two people with knowledge of the matter. read more
Solar panel recycling industry could be worth $15 billion by 2050
2016-06-21 11:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Commercial Waste: According to a new report by the International Renewable Energy Agency (IRENA) and the International Energy Agencys Photovoltaic Power Systems Programme, the recycling or repurposing of solar PV panels could spark an industry worth $15 billion by 2050. With many panels enjoying a working life of approximately 30 years, the raw materials in them can be harvested and reused or recycled for large profit. The study was the first in its kind to investigate PV waste panels up until the year 2050,...
Cavium to buy QLogic for USD 1 billion
2016-06-16 08:32:00| Telecompaper Headlines
(Telecompaper) Cavium has agreed to acquire QLogic for USD 1.36 billion. The agreed bid is worth USD 15.50 per share, comprised of USD 11.00 in cash and 0.098 of a share of Cavium stock for each share of QLogic. The gives QLogic an equity value of USD 1.36 billion, including the USD 355 million in cash it holds, and has been unanimously approved by the boards of directors of both companies. Cavium said the merger will create a "diversified pure-play infrastructure semiconductor leader", with QLogic bringing a leading portfolio of advanced connectivity and storage solutions alongside Cavium's range of networking, compute and security products. The companies will target the enterprise, cloud, data centre, storage, telco and networking markets and generate annual revenue of nearly USD 1 billion.
200yr loss scenario flood Canada could produce insured losses of $5.7 billion
2016-06-15 10:30:00| Climate Ark Climate Change & Global Warming Newsfeed
Canadian Press: Flood is clearly the number one peril in Canada, with Swiss Re estimating that a perfect storm flood scenario would result in economic losses of $13.8 billion and insured losses of $5.7 billion. Developed using the companys new probabilistic flood model, the estimate of a 1 in 200-year flood represents almost three times the losses resulting from the flooding in southern Alberta three years ago. Residents walk through flood waters in Calgary on June 24, 2013. The report released Wednesday...
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