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EDF Renewables, Shell In Joint Venture On 2500MW Offshore Wind Project

socalTECH

According to the two, the area has the potential to produce approximately 2,500 megawatts of offshore wind energy. The two companies said they have leased 183,353 acres about eight miles off the coast of Atlantic City for wind farms. Financial details of the joint venture were not announced. READ MORE>>.

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Company Plans Offshore Wind Farm Off Central Coast

socalTECH

A wind energy development company, based in Chicago, said it has secured an offshore wind lease off of the Central California Coast. According to Invenergy California Offshore LLC, it has secured a lease for 80,418 acres of seabed for operating an offshore wind development. THe bid was worth $145.3M.

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In 15 Years From Now Half of US Universities May Be in Bankruptcy. My Surprise Discussion with @ClayChristensen

Both Sides of the Table

He believes that one of the financial metrics taught at business schools and reinforced by Wall Street has accelerated offshoring of industries. But “on capital employed” encourages companies to push more off balance sheet and thus into offshore & outsourced situations.

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Teledyne Buys Bolt Technology

socalTECH

Thousand Oaks-based Teledyne Technologies said Wednesday afternoon that it has acquired Bolt Technology Corporation , a supplier of equipment for the offshore energy exploration market. per share cash for the publicly held company. According to Teledyne, it will pay approximately $171M for Bolt, or $22.00

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Former Qualcomm Exec Faces Charges In Insider Trading Case

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The Securities and Exchange Commission has charged a former executive at San Diego''s Qualcomm , with trading stock in the company ahead of major announcements, via a secret offshore brokerage account. The SEC also charged his financial advisor, Gary Yin.

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Los Angeles Firm Sells Sex.com For $13M

socalTECH

A Los Angeles company, Escom LLC , has sold domain name Sex.com for $13M, according to a report today from The Register. a stealthy, offshore firm--one of twelve bidders on the domain. Citing documents filed in a California court, the report said that the domain was sold to Clover Holdings Ltd.--a

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Murano Software Takes On Google Android

socalTECH

According to the firm, it has created G1MobileSoft, an offshore development company devoted solely to creating mobhile applications. Murano Software maintains four offshore development centers in Russia. The firm said it will create both iPhone and Android applications for its clients.