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Bankrupt Pay By Touch to auction off its assets
Pay by Touch came to market with a big splash; its system was installed in more than 700 U.S. retail locations; its biometrics and personalized marketing businesses, however, lost $137 million last year on only $600,000 in revenue; it sought buyers, but there were no satisfactory offers, so it is planning to auction off its assets
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Bain's effort to acquire 3Com on verge of collapse
Bain Capital and a Chinese partner wanted to buy 3Com for $2.2 billion; 3Com’s TippingPoint unit sells security software used by U.S. government agencies, and persistent questions were raised over the national security ramifications of the deal; Bain and Huawei Technologies have now withdrawn their application to CFIUS
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Aussie company in $20 million wave energy project for Maui
Australian specialist in wave energy to build three platforms off the coast of Maui; project aims to provide up to 2.7 megawatts
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Textual analysis reveals corporate fraud
The textual analysis technique can be used to identify language patterns in management communications which are inconsistent with either the company’s financial performance or with the communications of other companies in the same industry, indicating fraud
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Australian biometrics software developer finds success in U.K.
Aussie biometric company finds success in the United Kingdom, with recent order from Wales bringing to company’s U.K. orders to more than $1 million; company still awaits similar recognition at home in Australia
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Lockheed Martin wins FBI database contract
Lockheed Martin built and maintains the FBI’s current ten-fingerprint database, so it was expected to win the contract for the agency’s new database — and it did; contract potential value is $1 billion
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World’s first commercial-scale tidal stream
The tidal farm scheme would be capable of generating 10.5 MW of power drawn entirely from the sea’s major tidal currents; project will be built off the north-west coast of Anglesey, north Wales
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Spain to explore oil reserves on its east coast
Spanish oil company signs up a leading Norwegian engineering company to do infrastructure work for to oil exploration projects off the east coast of Spain
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Chinese hackers target government
The Chinese government has embarked on a massive industrial espionage campaign aimed to hasten China’s rise to global technological and economic dominance while at the same time weakening Western companies; Aussie intelligence says Australia is now also a target of that campaign
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India's Tata Group, U.S. company to manufacture defense equipment
India is worried about China’s growing military might; Indian companies see an opportunity here, and more and more of them are looking to enter the defense market — with U.S. companies as partners; the U.S. government, too, is intensifying its defense cooperation with India
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airBaltic selects cockpit security from AD Aerospace
One key security upgrade which resulted from the 9/11 attacks has been the installation of impregnable cockpit doors; locked doors means that the pilots need other means to monitor area right outside the cockpit — and airBaltic chooses AD Aerospace’s gear for that
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Lumidigm completes $7 million funding round
VCs continue to show interest in biometric technologies; Series C funds will support customer-centric deployments of multispectral imaging fingerprint systems
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Magal Security Systems receives $45 million in contracts
Israeli smart-fencing company receives contracts from several U.S. critical infrastructure operators; recent developments along the Gaza-Stip-Egypt border offer Magal new opportunities
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Emphasis shifts to analytical tools rather than building sturdier walls
The $169 million PayPal paid for Israeli on-line security specialist Fraud Sciences is part of a larger trend in security: “Security is less a matter of keeping everyone outside the outer wall and more one of detecting them sneaking through the premises,” as one analyst put it
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Intel No.1 on EPA Green Power Partner list
Intel will purchase more than 1.3 billion kilowatt hours a year of renewable energy certificates; company said it hoped the record-setting purchase would help stimulate the market for green power
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The long view
If Trump Wants More Deportations, He’ll Need to Target the Construction Industry
As President Donald Trump sends mixed messages about immigration enforcement, ordering new raids on farms and hotels just days after saying he wouldn’t target those industries, he has hardly mentioned the industry that employs the most immigrant laborers: construction. Almost a quarter of all immigrants without a college degree work in construction.
Federal R&D Funding Boosts Productivity for the Whole Economy − Making Big Cuts to Such Government Spending Unwise
Large cuts to government-funded research and development can endanger American innovation – and the vital productivity gains it supports. If the government were to abandon its long-standing practice of investing in R&D, it would significantly slow the pace of U.S. innovation and economic growth.
Smaller Nuclear Reactors Spark Renewed Interest in a Once-Shunned Energy Source
In the past two years, half the states have taken action to promote nuclear power, from creating nuclear task forces to integrating nuclear into long-term energy plans.