Covidien plc said Wednesday it completed its $250 million acquisition of Somanetics Corp.
The deal was announced a little more than a month ago.
Somanetics, which develops, manufactures and sells noninvasive medical diagnostic and monitoring equipment, had sales of $50 million in 2009 and has 150 employees.
Boeing is working to broaden the offerings of its Unmanned Airborne Systems division through development of a surveillance aircraft — powered by a hydrogen-fueled Ford compact truck engine — that will ... Read More
India’s Essar Group Ltd. will acquire U.S. coal producer Trinity Coal for $600 million, giving the global steelmaker direct access to a key raw material that’s seen a recovery in demand. ... Read More
American International Group will sell a second overseas life and health insurance unit for $15.5 billion to MetLife Inc. in an ongoing bid to repay billions in government aid. It was ... Read More
In former swamplands teeming with otters and wild hogs, one of the nation’s biggest utilities is running an experiment in the future of renewable power. Harvesting the SunAcross 500 acres north ... Read More
New wind potential estimates for the lower 48 states based on windNavigator, AWS Truewind’s high-resolution wind resource dataset have been released. The estimates were produced in collaboration with the National Renewable ... Read More
DuPont, a rival of Monsanto Co., plans to build a $55 million soybean seed production facility in Missouri’s bootheel. Pioneer Hi-Bred, a DuPont subsidiary led by President Paul Schickler, recently acquired ... Read More
According to electronic market research firm iSuppli, LEDs are facing a global supply shortage in 2010, and the year may end with a sharp under-supply of the in-demand devices unless production ... Read More
Steelmaker Nucor Corp. has entered into an agreement with Japan-based steel products manufacturer Mitsui & Co. Ltd. to form a new company called NuMit LLC, Nucor said March 2. Under the ... Read More
Two Washington University researchers, Emily Cheng and Ellen Langer, recently won a combined $870,000 in research grants from the American Cancer Society. They join 15 other current grant recipients in the ... Read More
German pharmaceutical company Merck KGaA will buy U.S. biotech equipment maker Millipore Corp. in a deal valued at $7.2 billion including debt, according to media reports Sunday. Speculation about an acquisition ... Read More