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Three U.S. companies sued over Saddam's 1980s chemical attacks
In the 1980s, during the Iran-Iraq war, the United States provided intelligence, weapons, and economic aid to Iraq; materials provided by American companies were used in the making of chemicals which Saddam used in 1988 in his chemical attacks on the Kurds; five Kurdish families, now living in the United States, sue three U.S. companies over these chemical attacks
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U.S. saw record number of visitors in 2008
Dire predictions about how enhanced security at U.S. port of entry notwithstanding, 2008 saw a record 50.5 million foreign visitors come to the United States
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High-seas piracy triggers higher insurance rates for shippers
Here is a problem ideally suited for contemporary courses at business schools: Shippers face a a choice: if they send their ships to sail through the piracy-infested Gulf of Aden, they now have to pay much higher insurance; they can instead choose to take long trips around the Africa’s southern tip; both choices add millions to the cost of each journey; which one is preferable?
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Cisco acquires Tidal Software for $105 million
Cisco buys Palo Alto-based Tidal Software to enhance the next-generation data centers it is building; Cisco is also planning on challenging IBM and Hewlett-Packard by building servers
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Technology companies to enjoy stimulus package funds
The emphasis of the Obama administration on directing a large portion of the stimulus package toward improving the U.S. infrastructure means the technology companies with the right solutons stand to benefit
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£8.5 million in grants for innovative businesses in east England
U.K. regional development agency has £8.5 million in grants for research and development of hi-tech products and proof of concept; businesses may also benefit from funds available from the European Regional Development Fund
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Cobham acquires Argotek for $36.25 million
U.K. global defense group Cobham, eager to exploit the growing business opportunities in IT security, acquires U.S. IT security specialist Argotek; acquisition requires approval by CFIUS
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Russia places orders for more than 50 Israeli UAVs
As was the case with the United States in the 1970s and 1980s, Russia has been slow to warm up to UAVs; the August 2008 Russia-Georgia war changed minds in Russia
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Texas electrical grid's operator says he is on watch for hackers
Bob Kahn, CEO of the Electric Reliability Council of Texas: “We are constantly modifying and upgrading our protections as technology advances, business requirements change and new threats emerge”
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SBAC to U.K. government: don't starve successful sectors
The Society of British Aerospace Companies tells government investment in defense and aerospace should be increased; more investment should go to science, technology, engineering, and maths education
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Aussie government in $43 billion fast Internet scheme
The economic slowdown found private Australian telecommunication companies unwilling to fund a high-speed national broadband network, a network which Kevin Rudd’s government believes is essential for the country’s economic competitiveness; the government is stepping in, saying it would invest at least $21.9 billion of taxpayers’ money to get the project going
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Credit for U.K. businesses eases
The credit crunch in the U.K. economy is easing; CBI’s chief economist: “The view that the pace of deterioration is easing correlates with what businesses are starting to tell us on the ground…. the combination of easier monetary policy and the government’s measures to support the banking sector may be starting to have an impact”
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New concept for New York, New Jersey storm barriers
With worries about rising sea level and more intense storm, British engineering firm Harlow offers a new concept for protecting New York City and parts of the new Jersey coast against storm surges
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Economic slowdown increases Americans' fears about fraud, ID theft
The latest Unisys Security Index shows Americans more worried about identity theft as a result of the economic slowdown; financial security fears spike and now rank as #1 concern; national security concerns are all-time low
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Area image sensor market will experience healthy growth
Charge-coupled device (CCD) image sensors will remain about flat through 2013, but sales of complementary metal-oxide-semiconductor (CMOS) sensors will increase significantly; CMOS will make up 62 percent of security camera image sensors by 2013
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More headlines
The long view
The True Dangers of Long Trains
Trains are getting longer. Rail companies had recently adopted a moneymaking strategy to move cargo faster than ever, with fewer workers, on trains that are consistently longer than at any time in history. Railroads are getting richer, but these “monster trains” are jumping off of tracks across America and regulators are doing little to curb the risk.