UPDATE 1-Brazil sheds more jobs than expected in September
BRASILIA, Oct 26 Job cuts in Brazil increased unexpectedly in September, according to government data, in another sign that the country's two-year-long recession took a turn for the worse.
JERUSALEM, June 21 Israeli chipmaker TowerJazz (TSEM.TA) said on Monday that Canesta Inc is using TowerJazz's CMOS image sensor technology to manufacture its CanestaVision 3D image sensors in a deal expected to significantly boost its revenue.
CanestaVision 3D image sensor chips are used in desktop computers, TVs and entertainment applications, TowerJazz (TSEM.O) said in a statement. [ID:nBw215608a]
A market source said that the deal would add $200-$300 million a year of revenue to TowerJazz starting at the end of 2011.
3D image sensors enable consumers to interact with devices and are expected to be widely deployed in a variety of markets including PC, consumer electronics and entertainment as well as many industry applications, among others, TowerJazz said. (Reporting by Steven Scheer; Editing by Louise Heavens)
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Oct 26 U.S. weapons maker Northrop Grumman Corp reported a 16.7 percent rise in quarterly profit on Wednesday, helped by higher sales in its aerospace systems business that makes the center fuselage of the F-35 fighter jets.