BRIEFCASE TELEDYNE GETS AIS ARM FROM SPIRENT.Byline: - Staff and Wire Services Los Angeles-based Teledyne Teledyne Technologies Inc. NYSE: TDY is an industrial conglomerate primarily based in the United States but with global operations. It was founded in 1960 by Henry Singleton and George Kozmetsky. Technologies Inc. announced Monday that it acquired Spirent plc's Aviation Information Solutions businesses for $6.85 million. Collectively called AIS, the businesses include Spirent Systems Wichita Inc., Spirent Systems-Aerospace Solutions (Ottawa) Ltd. and assets of United Kingdom-based The Flight Data Co. Ltd. The acquisition does not include Spirent's aviation maintenance, repair and overhaul Maintenance, Repair and Overhaul or MRO is a multi-billion dollar industry which works on international authorization rules to deliver a safe airline operation and to assure reliability and availability of customer fleets. software business. Unova settles suit with Taiwan firm WOODLAND HILLS - Unova Inc. announced Monday that it had resolved a patent dispute with Acer Acer trees of the family Aceraceae. Acer rubrum ingestion of wilted or dries leaves of this tree causes acute hemolytic anemia characterized by red urine, jaundice, anemia and methemoglobinemia in horses. Group (Taiwan) over Unova's smart battery management technology. Terms of the settlement were not disclosed. With Unova's patented technology, a rechargeable battery A rechargeable battery, also known as a storage battery, is a group of two or more secondary cells. These batteries can be restored to full charge by the application of electrical energy. that uses a processor chip communicates data to a portable computer so that it can monitor and regulate battery use. Interest rates up on Treasury bills WASHINGTON - Interest rates increased on short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. Treasury securities in Monday's auction. The Treasury Department sold $17 billion in three-month bills at a discount rate of 0.885 percent, up from 0.815 percent last week. An additional $18 billion was sold in six-month bills at a rate of 0.95 percent, up from 0.84 percent last week. The three-month rate was the highest since June 9, when the rate was 1.005 percent. The six-month rate also was the highest since June 9, when the bills sold for 0.98 percent. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant-maturity Treasury bills, the most popular index for making changes in adjustable-rate mortgages Adjustable-rate mortgage (ARM) A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or , rose to 1.02 percent last week from 0.95 percent the previous week. |
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