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Former Stamford exec buys out GE India financing unit

2016-03-03 01:51:37| Telecom - Topix.net

GE CEO Jeff Immelt in New Delhi, India in September 2015. On March 2, 2016, GE announced it would sell its commercial lending business in India to a former GE Capital executive who went on to lead the GE spinoff Genpact, which has facilities throughout India providing outsourced back-office support to corporations.

Tags: unit india financing buys

 

Danbury co. buys U.K. medical monitor maker

2016-03-02 19:30:00| Chemicals - Topix.net

On March 2, 2016, Praxair announced the acquisition of NoxBox, which makes monitors used in nitric oxide therapy for patients undergoing respiratory distress. Matt White, chief financial officer of Praxair, said in January Praxair hopes to buy businesses "resilient" to boom-and-bust economic cycles.

Tags: medical monitor maker buys

 
 

TFS Capital LLC Buys Shares of 58,620 Hub Group Inc

2016-03-02 17:17:36| Logistics - Topix.net

TFS Capital LLC purchased a new position in Hub Group Inc during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 58,620 shares of the company's stock, valued at approximately $1,932,000.

Tags: group capital llc shares

 

Dupont Capital Management Corp Buys 28,659 Shares of Eli Lilly and Co

2016-03-02 16:30:08| Agriculture - Topix.net

DUPONT CAPITAL MANAGEMENT Corp increased its stake in shares of Eli Lilly and Co by 113.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 54,009 shares of the company's stock after buying an additional 28,659 shares during the period.

Tags: co management capital corp

 

Cisco buys chipmaker Leaba for USD 320 mln

2016-03-02 16:01:00| Telecompaper Headlines

(Telecompaper) Cisco announced an agreement to acquire Israel-based Leaba Semiconductor for USD 320 million cash, plus additional retention-based incentives. The Leaba team will report into Cisco's Core Hardware Group, led by Senior Vice President, Ravi Cherukuri. According to a blog posting by Cisco's VP for business development, Rob Salvagno, Leaba will help the company accelerate its plans for Cisco's next-generation product portfolio and bring new capabilities to the market faster. Leaba is a fabless semiconductor company backed by venture capital and still operating in 'stealth mode'. The company said it's working on "innovative solutions for significant infrastructure challenges" and "assembling one of the best teams of engineering". 

Tags: usd cisco buys mln

 

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