PRESS DIGEST- New York Times business news - May 25
May 25 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
WASHINGTON Lockheed Martin Corp on Wednesday said it is acquiring Deposition Sciences Inc, a California-based company that provides thin film coatings, for an undisclosed amount from its parent company, Advanced Lighting Technologies Inc.
Lockheed, the Pentagon's largest supplier, said the company would be integrated into its aeronautics division and it expects to close the deal within 30 days.
Lockheed spokesman Gordon Johndroe declined to give details about the terms of the transaction, but said the deal was not material to the company's financial results.
On its website, Deposition Sciences says it produces the most durable, heat resistant and reliable optical thin film coatings available, spanning the range from the ultraviolet wavelength through to far infrared (FIR), or the long-wave infrared (LWIR) spectral wavelengths.
Lockheed said Deposition Sciences has about 85 employees.
(Reporting by Andrea Shalal; Editing by Steve Orlofsky)
May 25 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
SAN FRANCISCO, May 24 Infosys Ltd, the India-based computer services giant, on Wednesday touted its new strategy to hire and train 10,000 American workers over the next two years at the company's annual leadership meeting in San Francisco.