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Tonawanda firm wins the top prize at 43North competition

2014-10-31 13:54:26| Electronics - Topix.net

Nearly 7,000 companies from all over the world submitted applications for the 43North business competition, vying for $5 million in cash prizes. But in the end, the local team carried the day.

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Siemens wins service contract for 12 wind projects in Iowa

2014-10-31 01:00:00| Power Technology

US-based energy firm MidAmerican Energy has awarded a long-term service and maintenance contract to Siemens for 958 SWT-2.3 turbines at 12 wind projects in Iowa.

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Petrofac wins contract extension to support Iraq Crude Oil Expansion Project

2014-10-31 01:00:00| Offshore Technology

Petrofac has secured a second contract extension worth about $106m to support South Oil Company's (SOC) Iraq Crude Oil Expansion Project.

Tags: support project contract oil

 

Whirlpool Wins First Trial Over 'moldy' Washers

2014-10-30 22:07:08| Appliances - Topix.net

Whirlpool Corp was found not liable Thursday by a U.S. jury in the first lawsuit to go to trial accusing the company of selling front-loading washing machines containing a design flaw that made them prone to developing mold. The jury cleared Whirlpool following a three-week trial in federal court in Ohio, according to lawyers for approximately 150,000 residents in that state who were part of the class action against the company.

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Source Says Snow Phipps Wins PE-backed Teasdale Foods for About $200 Million

2014-10-30 20:09:06| Food - Topix.net

New York private equity firm Snow Phipps Group LLC has emerged as the winning bidder for Teasdale Foods Inc., the provider of Hispanic canned food products that was acquired only three years ago by Palladium Equity Partners LLC. Terms of the transaction, which closed on Tuesday, weren't disclosed but a source familiar with the process said Snow Phipps paid around 10 times the target's about $20 million in revenue, implying a deal valued at roughly $200 million. The auction process included financial players that wanted to enter the burgeoning Hispanic food category and felt they could fuel additional growth in Teasdale, the source said.

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