Belden Announces $78M Acquisition

ST. LOUIS — Belden Inc. (NYSE: BDC), a global leader in signal transmission solutions for mission critical applications, today announced that it has entered into a definitive agreement to acquire the Thomas & Betts Communications Products Business, for $78 million in cash. This acquisition will further strengthen Belden’s position as an end-to-end solution provider within…

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Intel Hikes Dividend 15%

SANTA CLARA, Calif. — Intel Corporation today announced that its board of directors has approved a 15 percent increase in the quarterly cash dividend to 18 cents per share (72 cents per share on an annual basis), beginning with the dividend that will be declared in the first quarter of 2011. “Intel remains on track…

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Euro Parliament Caves on Hazmats

BANNOCKBURN, Ill. — Members of the European Parliament (MEPs) have agreed to drop demands for a list of priority substances for new restrictions under the RoHS Directive. IPC — Association Connecting Electronics Industries® has vehemently opposed the creation of such a list, calling for science to be the basis of all future RoHS revisions. “We…

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Kemet Rejoins NYSE

GREENVILLE, S.C. — KEMET Corporation (NYSE Amex: KEM), a leading manufacturer of tantalum, multilayer ceramic, solid aluminum, film, paper and aluminum electrolytic capacitors, announced today that its common stock has been approved for listing on the New York Stock Exchange (“NYSE”). Trading is expected to commence on the NYSE on Monday, November 15, 2010. KEMET…

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Looking for Innovation in Unlikely Places

Soon after I wrote “Innovation Experiments in a Boom & Bust Environment” in this space, I came across a video on The Economist’s Website, which got me thinking about “Frugal Innovation” — or reverse innovation. As Vijay Govindarajan, international business professor and the founding director of Tuck’s Center for Global Leadership at Dartmouth College, so…

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Electrocomponents Closes H1

OXFORD, UK — Electrocomponents plc, the leading high service distributor to engineers worldwide, today announces its results for the six months ended 30 September 2010. Financial Highlights • Strong underlying sales growth of 24%, with all regions in double digit growth. • Gross margin stable through the first half. • Significant cost leverage with operating…

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TTI Names Spokes-Icon

FORT WORTH, Texas — TTI, Inc. announced today that “The Specialist” has been selected as the new company spokesperson. Followers of the “Big Job” advertising campaign chronicled by the selection process videos will recognize The Specialist as the Johnny-on-the-spot figure that stealthily seems to appear when he’s needed most. Selected from a myriad of candidates…

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