Outsourcing provider Achievo raises $24 million
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Outsourcing services provider Achievo, which has much of its operations based in China, has raised $24 million from private and institutional investors, the company announced Monday.
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Under the Project Bioshield program, firm will make 75 million doses of a newly developed vaccine.
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By J.K. Wall, The Indianapolis Star  Sep. 14--A fast-growing software company is raising millions of dollars  from East Coast investors and bringing hundreds of jobs to Central Indiana.
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Banking and insurance conglomerate ING GroupÂ has finalized contracts worth â¬750 million ($994 million) with a consortium of companies to provide workspace services for its 53,000 employees in Europe.
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Drinks giant Diageo said it had raised 2.26 billion dollars (1.84 billion euros) from the sale of 49.9 million shares in US food company General Mills Inc.
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Looking to boost the use of home electronics, company  provides funding to three companies.
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Profit for the Internet auction giant rose 24 percent on increased business in its core auction marketplace during the holiday months.
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(InfoWorld) - As its incumbent rivals get bigger, Internet service provider Covad Communications Group is getting smaller with layoffs of about 8 percent of its employees this quarter. The cuts at Covad, which had 925 employees at the end of March, are intended to make growth businesses such as small-business DSL and wireless broadband more efficient, said company spokesman Michael Doherty. Half of the layoffs are involuntary and half took place through attrition, he said. They will be completed by the end of the second quarter on June 30, at which point the company will have about 850 employees. The cuts, announced Thursday, are across several departments, and most are taking place at Covad's San Jose headquarters, he said. Covad's legacy business of selling wholesale broadband to EarthLink and other competitive ISPs, primarily for consumers, has suffered under price competition from incumbent carriers. Those established players, namely AT&T and Verizon, have grown through industry consolidation over the past few years. However, Covad's own retail offerings for small businesses are growing rapidly, according to Doherty. Last month, the company upgraded its network in 11 markets to offer fat DSL pipes at 8Mbps to 15Mbps downstream and 1Mbps upstream. The company will take a restructuring charge of about $1.5 million in the quarter but expects to save approximately $4 million in the second half of the year as a result of the cutbacks. In the first quarter ended March 31, Covad lost about $14.5 million, or $0.05 per share, while its revenue increased about 2 percent to about $120 million. The company's stock, which has fallen more than 40 percent over the past year, was down $0.05 at $0.86 in Thursday afternoon trading on the American Stock Exchange.
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The San Francisco-based company said that it earned $267 million during its fiscal fourth quarter, which ended Nov. 25, up from $96 million at the same time in 2006.
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News Corp  Chairman Rupert Murdoch received a pay raise last fiscal year, boosting his compensation package to $24.3 million, nearly matching the pay of his second in command.
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Swift Boat Veterans for Truth said it had raised $6.7 million in a windfall brought about by its high profile in recent weeks.
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Northern Ireland Electricity and its southern counterpart ESB have made an investment of 19.6mn($24.3m), including 6.5m of European Regional Development Fund support, in the interconnectors which will increase ...
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A new anti-obesity drug that works in  the same way as Sanofi-Aventis's Acomplia has advanced in  clinical trials, triggering a $25 million payment to Belgian  drugs, chemicals and plastics maker Solvay.
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ABN AMRO Bank Romania has been mandated to raise USD 75 million for Romania's Professional Association of Cogeneration Power Plants COGEN for the financing of fuel imports needed during the winter period, the ...
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PC maker will offer 24-hour help desk services, on-site visits, and more.
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The auditor was the vice president of a company that received more than $1.2 million in payments.
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Platinum Equity will acquire Covad Communications for about $304 million, making the communications services company the latest technology company to sell to a private equity firm.Platinum will pay $1.02 in cash per share for Covad, a 59 percent premium over Covad&#39;s closing price Friday on the American Stock Exchange, the companies announced Sunday. The acquisition is expected to close by the end of the second quarter of 2008.San Jose, Calif.-based Covad provides voice and data services such as VoIP (Voice over Internet Protocol) and DSL (Digital Subscriber Line) to businesses, specifically small and medium-sized enterprises (SMEs).In June,&#160;Covad cut 8 percent of its staff&#160;as part of a restructuring that also saw the company take a $1.5 million charge for Q2 2007.It is due to report third quarter results Tuesday. The company reported a loss of $11.6 million for the second quarter of this year.Private equity firms have been particularly active in acquiring technology companies this year. TPG Capital and Goldman Sachs&#160;bought Alltel&#160;in May for $27.5 billion, with TPG and Silver Lake Partners&#160;snapping up Avaya&#160;for $8.2 billion just a few weeks later.&#160;