Hitachi Ltd. said Monday it will invest 1 trillion yen ($11 billion), or about 70% of its capital expenditure over the next three years, on its “social innovation” businesses, which include its information technology and infrastructure-related operations.
The plan underlines the Japanese electronics giant’s strategy for long-term growth, as it looks to move its focus away from gadgets and appliances toward areas with stronger earnings potential such as power plants and railway systems.
German chemical company BASF SE said Thursday that the economic recovery and a push by customers to restock their own inventories helped it nearly triple its first-quarter net profit. The company, ... Read More
Labopharm Inc. and Gruppo Angelini today announced they have entered into an agreement to establish a joint venture in the United States for the commercialization of OLEPTRO(TM), a novel once-daily formulation ... Read More
Conditions were too soggy yesterday to break ground on a new plant research center at the actual site, but rain didn’t dampen the enthusiasm of more than 200 people who gathered ... Read More
Dow component and economic bellwether 3M Co. said Tuesday its first-quarter profit rose 80% on surging demand for electronics for autos and health-care products, boosting its full-year outlook. Results of the ... Read More
Chemical maker DuPont Co. continued its turnaround with a strong first quarter performance as business improved across all operating units and market regions. The company also increased its full-year earnings guidance ... Read More
Solar-panel manufacturer First Solar announced Wednesday it has signed a definitive agreement to purchase solar-project developer NextLight Renewable Power for approximately $285 million. Subject to acquisition closing adjustments, the deal is ... Read More
Missouri has established itself as a leader in life sciences and biotechnology – boasting of the world’s leading R&D centres in this field, writes Karen E Thuermer. Located in the US’s ... Read More
Caterpillar Inc., the world’s largest maker of construction and mining equipment, said Monday that it was ramping up production as the global economic recovery spurred demand for its heavy equipment, especially ... Read More
Ford Motor Co. on Tuesday reported a $2.1 billion first-quarter profit, said it will deliver a “solid profit” for the year and boosted its second-quarter North America production by another 30,000 ... Read More
Spartech Corp. said Monday it picked Maryland Heights as the location of its new technology and innovation center. The new Technology and Innovation Center, a 90,000-square-foot facility at 11650 Lakeside Crossing ... Read More