Canada's YM Inc. Group of Cos., the parent of several retail chains including Sirens and Stitches, has bid $1.5 million to buy the intellectual property of US-based fashion retailer Wet Seal, according to bankruptcy court documents filed Tuesday. The auction for its trademarks, domain names, brands and other intellectual property is scheduled for Thursday.
Diamond mining company De Beers has created a new machine that can assess around 90,000 stones in a day to determine if any are synthetic. The new machine works 10 times faster than an older model, using red spectrum light to identify diamonds that are made in labs and chemically identical to real stones, the company says.
Rumors surrounding the latest installment of the iPhone indicate that one of the devices in the upcoming line could include a USB-C charging connection. The next iteration of the phone could also feature a curved screen, per reports.
Qualcomm has been working since CES to improve the tether-free virtual-reality headset prototype it debuted at the show to include better hand-tracking technology. Qualcomm's latest developments include the use of a depth sensor made by Leap Motion and twin 1,280x800-resolution cameras.
Ingram Micro Cloud plans to create a business segment focused on cloud security this year. The company also announced a new version of its Odin Automation Premium platform starting next quarter.
Essendant lost $2.4 million in the fourth quarter as revenue declined 3.3%, but the company posted growth in full-year profit after a loss the year prior. Essendant noted full-year sales growth in traditional office products, cut-sheet paper and automotive products.
Warehouse-management systems are gaining momentum as smaller distribution centers recognize their value despite privacy, latency and reliability concerns, Ben Ames writes.
German discount supermarket chain Lidl has expanded its exports of UK-produced food to other EU countries, taking advantage of the lower pound to keep prices low. Some 70% of the vegetables, meat and other food Lidl sells in Europe comes from the UK.
- Page 1