High-Tech Center in Ireland Closing
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Media Lab Europe, a high-tech research center founded by the Irish government and the Massachusetts Institute of Technology, announced Friday that it is closing because it's run out of money.
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The computer giant hands off its personal-computer business business to a Chinese firm
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The company's development group has been hit with layoffs.
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Engineering firm AK Pharmaceuticals is to open a new Engineering Centre of Excellence in Ireland, in a move that reaffirms the healthy position of the Irish pharmaceutical industry.
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(InfoWorld) - Intel and the Irish government are building the largest research initiative in the world dedicated to developing health-care technologies specifically for the elderly, they said on Tuesday. Combined, Intel and the Industrial Development Agency Ireland, a government organization that seeks investments from overseas companies, are contributing $30 million over three years to the initiative, which will include collaboration with three Irish universities and 50 to 100 new researchers at Intel in Dublin. The researchers will aim to develop technologies that can allow the elderly to continue to live independently and at home. They'll focus on technologies that can improve social health and community engagement for older people, detect and prevent falls in the home, and help people with memory loss to remain independent. Some of the researchers, who will come from a variety of disciplines including ethnography and biomedical engineering, will begin by living with families around the world to study how older people interact with family members, doctors, and health-care systems. Some of the technologies that could be commercialized and that Intel has already begun to work on include home sensor networks that can detect whether an elderly person has fallen or left the oven on and alert family members. A different type of sensor network that attaches to a person's body can study the user's gait to determine whether the person is becoming prone to potentially debilitating falls. Commercialized products could use low-cost components and be paid for the same way that health-care products are paid for today, said Eric Dishman, global director of Intel's health research and innovation group, during a press conference to announce the new center. He offered an example of a tool Intel has worked on designed for Alzheimer's patients. Using primarily off-the-shelf technologies, Intel built a "caller ID on steroids" that displayed a photograph of the caller plus additional information such as people the caller and the end user know in common and the last time the caller and the end user spoke, he said. While the photograph didn't always help the end user remember the identity of the caller, the additional information sometimes did, he said. The center plans to actively share its information with other researchers and companies around the globe in hopes of attracting input from those organizations. In two to three years, the organization plans to begin publishing clinical studies and case studies about its research. While Ireland has a reputation for an educated work force that can staff such research institutions, it has a couple of other factors working against it as a location for this Intel center. For example, Ireland has one of the youngest populations in the region so doesn't represent the norm in Europe, where Intel expects that one third of the population will be over 65 years of age in 2050. Ireland also has a very poor health-care record. A 2006 report on health care in Europe executed by Health Consumer Powerhouse AB ranked Ireland 25 out of 26 European nations, in front of only Lithuania. The study examined factors such as waiting times and outcome of treatment. The Irish government has been focusing over the past couple of years on trying to attract research and development operations, to pick up the slack from manufacturing companies moving to cheaper locales. The new center is an example of the type of investment the government is looking to attract.
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CompUSA has decided to close 126 of the 225 electronics stores it operates in the U.S. and Puerto Rico as part of a massive realignment aimed at cutting costs.
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The US company says it plans to cut its global workforce by 10% over the coming year, but no decision has been made yet about how many jobs will be shed in Ireland.  It says the lay-offs are a result of falling sales and increasing costs in recent years.
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Operations of global software  companies, financial institutions and government offices in  India's main technology hub shut on Wednesday after activists  called a strike over a border dispute with a neighboring state.
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ULSTER BANK CLOSES Ulster Bank is to close its Isle of Man operation a ' a move which will affect 11 of its staff.
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An Electrolux cooker factory in County Durham is to close with the loss of 500 jobs, it is confirmed.
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Part of Belfast city centre is closed after several men scale a massive crane on a construction site.
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Plans for what would become Ireland's tallest building have been approved by Dublin City Council.
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Research firm predicts closure of more than 3,000 U.S. centers as jobs fly north.
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The death of the VHS video recorder came a step closer yesterday when the UK&#39;s largest electronics chain said it would stop selling them.
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One of Northern Ireland's largest engineering consultancies has been taken over by a rival company from the Republic in an 8.4m deal, it was announced today.
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The tenants' market that has caused many a developer headaches for the past few years in Warsaw is to come to an end in 2005.
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Almost 40 jobs are under threat with the closure of the Homebase DIY store at Sprucefield near Lisburn.