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Tag: innovation
2009-01-03 00:00:34| ETF Trends
An innovation in water utilization on California farmland may maximize the efficiency of how water is utilized, giving the industry and the exchange traded funds (ETFs) that track the sector a bump. With the current conditions of a booming population, an aging water delivery infrastructure and...
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2009-01-02 11:20:02| digg
On January 24, 1984, the Macintosh came into the world, starting a revolution in personal computing. Now, all attention is turned to what Apple will introduce next.
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2008-12-30 10:45:51| Guardian Unlimited Business - more business news
Shares in the small-cap software firm Innovation crashed by more than 15% today after it revealed it was facing a 43m lawsuit in Canada.Innovation said it had been served with a claim for $75m (Canadian) by the Allstate Insurance Company of Canada over "the design, development and implementation of customised software for Allstate's new policy management system".The company said it had taken advice and branded the claim "speculative in the extreme and without foundation", promising to defend it "vigorously".The shares slipped to just 5p, down from last night's close of 5.9p. The shares were changing hands at more than 30p a year ago."More twists and turns than John Grisham only serve to undermine the investment case," said Panmure analyst George O'Connor. "Disappointingly this saga will run on and on, we feel. Even if the case is without merit, Innovation is likely to take a provision against it - denting its cash (net cash of 10.1m) - customers will want to know what the fracas is about - competitors will be on the phones." He retained a hold meeting but warned: "This is not so much a disappointing end to 2008 - but a disappointing start to 2009."guardian.co.uk © Guardian News & Media Limited 2008 | Use of this content is subject to our Terms & Conditions | More Feeds
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