Business Briefs: Wabtec signs deal with Alaska Railroad
April 2, 2014 11:08 PM
The new 360 Fly video camera is the latest product from EyeSee360 and produces 360-degree video.
From staff and wire reports
Wabtec signs deal with Alaska Railroad
Wilmerding-based rail parts manufacturer Wabtec said Wednesday it has signed a $16.6 million contract for its positive train control system equipment and services with Alaska Railroad Corp.
Video tech firm receives capital investment
Green Tree-based panoramic video technology company EyeSee360 has received an unspecified capital investment from Greenwich, Conn.,-based private equity firm Catterton Partners. The investment will go toward marketing and development of the 360Fly panoramic video camera, the 360MicroFly smartphone attachment and 360Fly.com video hosting.
Phishing scam claims to be from IRS service
The Internal Revenue Service is warning consumers about a phishing scam that uses emails falsely claiming to be from the IRS Taxpayer Advocate Service. The emails direct recipients to click on links for information about the "advocate" assigned to their case or to let them review reported income. The links lead to Web pages that solicit confidential personal information. Recipients should not respond or click any links in the emails, and are urged to forward the suspicious messages to the IRS at firstname.lastname@example.org.
Amazon announces $99 TV box
Amazon announced Wednesday that it was making a $99 set-top box, its boldest departure yet from its origins as a shopping site. The small device, called Amazon Fire TV and available now, will allow consumers to watch Amazon’s video library on their television sets. Fire TV will show a range of content from other providers, including Hulu, Netflix and ESPN.
BlackBerry ending licensing deal with T-Mobile
BlackBerry is ending its U.S. licensing deal with T-Mobile, saying the companies no longer have complementary strategies. The disconnect appears to be related to a T-Mobile promotion that BlackBerry took issue with last month that asked users to switch their BlackBerry devices to a competitor’s smartphone. BlackBerry’s existing licensing agreement with T-Mobile expires April 25.
Factory orders rebound 1.6 percent in February
Factory orders rose 1.6 percent in February, the most in five months, following declines of 1 percent in January and 2 percent in December, the Commerce Department reported Wednesday. The February gain reflected a rebound in orders for commercial aircraft and autos. But demand for core capital goods, considered a good guide to business investment plans, fell 1.4 percent in February.
Chrysler recalls SUVs to fix brake system
Chrysler is recalling 867,795 Jeep Grand Cherokee and Dodge Durango sport-utility vehicles to install a shield to protect brake boosters from water corrosion. Vehicles from model years 2011 through 2014 will be inspected and the boosters replaced where necessary, the Auburn Hills, Mich.-based carmaker said in a statement.
Lufthansa pilot strike grounds jets
Deutsche Lufthansa AG canceled thousands of flights Wednesday at the start of a three-day strike by pilots that’s set to cause the worst disruption in the airline’s history. Some 3,315 services were suspended through Friday, according to Lufthansa. The Frankfurt, Germany-based company is negotiating with about 5,400 pilots in the dispute over retirement benefits.
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