Business and Financial Engineering is fun but at the end of the day you need money with which to carry out your activities. Here we take a look at the news behind the wheeling and dealing that goes on in this industry. Business and financial engineering news really does make the world go round.
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SpaceClaim Corp ., a Concord, Mass.-based 3D mechanical designer for the manufacturing industry, has raised $7 million in third-round funding. Return backers include North Bridge Venture Partners, Kodiak Venture Partners, Borealis Ventures and Needham Capital Partners. SpaceClaim had previously raised $21 million. |
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Wednesday 1 April, 2009 11:25 AM |
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The recent three-way merger between Connell Wagner, of Australia, and Africon and Ninham Shand, of South Africa, to form Aurecon, effectively created a new South African consulting-engineering giant that is four-times larger than its nearest domestic competitor.
But CEO Paul Hardy was at pains to emphasise that the tie-up had less to do with dominance in the shallow markets of South Africa and Australia, as it did with an aspiration to forge a new international engineering business with the critical mass, capital and skills to take on larger projects, particularly in Africa, the Middle East and Australasia and Asia. |
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Friday 27 March, 2009 05:53 PM |
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From construction laborers to Harvard-educated bankers, foreign workers are being forced to return home as once-booming economies around the world contract. Globally, 24 million to 52 million people could lose their jobs in 2009, according to the International Labor Organization's latest estimates. And populist sentiment and protectionist moves in countries which relied on foreign laborers during the boom years have put 200 million migrant workers internationally in the crosshairs. |
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Tuesday 17 March, 2009 12:25 PM |
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Based in Shanghai, Daniel Zhu is Engineering Director, Asia Pacific at Tyco Electronics. He manages more than 100 engineers across the region. Global recruitment firm, Michael Page International, talked with Daniel about his views on career development. |
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Thursday 5 March, 2009 11:16 AM |
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West Michigan is rich in small companies that design, develop or engineer products for companies ranging from component makers to OEMs. Although they may have customers around the globe in diverse sectors, even the design and development companies are feeling manufacturing's pain.
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Monday 2 March, 2009 04:57 PM |
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Layoffs, product cancellations and product postponements in America's once great auto industry are way beyond cutting into fat. "Amputation" is a better description. Even as the government spends billions to save the American manufacturers--with billions more aid to come--it is fair to ask if there will be anything left to save. |
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Wednesday 25 February, 2009 03:02 PM |
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With British marques such as Land Rover, Jaguar, Mini, Rolls-Royce and Bentley proving popular as motoring status symbols, their foreign parent companies have cleverly marketed British hallmarks and heritage in exclusive niche models.
But despite British badges still being a regular sight on the roads, the home grown industry, once a marvel of the industrial world, is now reduced to being represented by a handful of made to order sports cars.
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Saturday 21 February, 2009 06:14 PM |
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With the global recession impacting IT companies , Indian software firms are eying the huge aerospace and defense (A&D) market as airplane makers and Defense companies look to control costs by outsourcing design and management systems.
Research firm Frost & Sullivan estimates the Indian Defense market to touch $36 billion by 2013 and companies in India are expected to get offset orders worth nearly $4 billion through 2011. |
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Saturday 21 February, 2009 04:16 PM |
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From the first day of joint operation — a champagne-soaked, two-continent extravaganza — the pretense of DaimlerChrysler as a merger of equals was slipping.
In a dark-paneled boardroom at the New York Stock Exchange, DaimlerChrysler co-Chairman Juergen Schrempp — an intense, chain-smoking German — and his shorter, quieter American counterpart, Bob Eaton, met with a pair of reporters.
After ceremonies to observe DaimlerChrysler's stock listing in Frankfurt on Nov. 16, 1998, and New York the next morning, the men were jubilant but winding down. From the head of the table, Schrempp handled most questions. Beside him, a more subdued Eaton puffed a huge cigar and occasionally added a remark. |
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Monday 16 February, 2009 05:20 PM |
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Information technology put India on the world map of outsourcing and made it a leader in this space. It is now the turn of engineering to take the country to the next level of outsourcing.
The aerospace domain is a key component of engineering outsourcing and India’s potential to become a significant global competitor in this area has been recognized. While there is some amount ($800 million-$1 billion, or Rs3,840-4,800 crore) of offshore outsourcing currently happening out of India in aerospace in the areas of mechanical engineering and design, embedded systems/avionics and components manufacturing put together, this has the potential to double or even triple in the next few years. |
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Monday 16 February, 2009 09:17 AM |
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Canada has been hostile to Indian efforts to generate nuclear power for the last 34 years. This policy has been in place since Prime Minister Pierre Elliot Trudeau cancelled all aid in 1974 to punish India for its minor nuclear detonation. Canada was incorrectly fed information by the nuclear proliferation lobby that Canadian help was responsible for this act. |
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Saturday 14 February, 2009 02:49 PM |
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Two weeks ago I talked about the U.S. infrastructure spending that's soon going to hit the economy and how it will benefit a handful of companies.
Today, I'm going to talk about an even greater windfall for savvy investors. That is, investors who don't stick their heads in the sand.
I'm talking about China's massive infrastructure program : More than $600 billion that will be invested to boost the standard of living in China's rural areas. 
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Saturday 7 February, 2009 03:54 PM |
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Xerox Corporation says a steadfast commitment to research and development is one way to help survive tough economic times. Just last year, Xerox and its inventors earned 609 U.S. utility patents, exceeding a commitment to increase the company’s annual number of awarded patents by one-third. |
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Saturday 7 February, 2009 12:11 PM |
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The United States Trade and Development Agency (USTDA) will provide 1.1 million dollars to upgrade the capacity of the Kotoka International Airport (KIA) and help Ghana regain its Category 1 status under the International Safety Assessments (IASA). |
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Friday 6 February, 2009 03:22 PM |
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Ten years later, Iridium is alive and well in Tempe.
The high-profile Motorola venture crashed in a spectacular 1999 bankruptcy after its technologically flawless but pricey satellite phone system failed to catch on with consumers.
Only a handful of employees remained in 2000, when Iridium Satellites LLC paid $25 million for the array of orbiting satellites that Motorola and other investors spent more than $5 billion to develop. |
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Sunday 1 February, 2009 01:01 PM |
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The compact keyboard of Research in Motion’s BlackBerry turned mobile e-mail messaging into an addictive pastime. The slick touchscreen on Apple’s iPhone turned consumers on to phones as pocket-size Web portals. |
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Sunday 1 February, 2009 12:23 AM |
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Undeterred by the economic slowdown , South Korean engineering-construction firm Samsung Engineering is betting big on India and plans
to turn the Indian subsidiary into its global hub for executing contracts worldwide, even as it is set to sign a $1.4 billion deal with flagship explorer ONGC on February 10 |
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Saturday 31 January, 2009 12:19 PM |
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The firms were among 22 that responded to a Request for Qualifications issued last summer. An evaluation panel of experts from the Smithsonian, including engineers, architects and museum professionals conducted a technical review of all submissions to be certain that they met the qualifications of the RFQ-having key personnel in a variety of areas such as architecture, structural engineering, landscape architecture and life safety engineering
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Saturday 31 January, 2009 08:16 AM |
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THEY were the hands that built Scotland's industrial reputation and waved off vast ocean-going liners and warships to faraway seas. Welders, engineers, riggers, pipe fitters, crane operators: skills that once formed the backbone of the Scottish workforce seemed to be redundant in the 21st century. |
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Wednesday 28 January, 2009 02:49 PM |
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The US$ 7 billion Medina-based Knowledge Economic City (KEC) project – directed by the Custodian of the Two Holy Mosques King Abdullah bin Abdul Aziz bin Saud, the Saudi Arabian General Investment Authority (SAGIA) and a consortium of Saudi corporations – is considered the most important of Saudi Arabia’s Economic Cities (ECs) because of its proximity to the Holy Mosque. The fourth of six greenfield privately-developed centres of industrial and economic development in Saudi Arabia, KEC was designed to attract knowledge-based intellectuals and entrepreneurs from around the world.
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Monday 26 January, 2009 11:17 PM |
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January Infrastructure news - Rail
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Monday 26 January, 2009 10:23 AM |
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