Magnablend sues insurer over $1.6M in expenses related to October 2011 blaze The Waxahachie chemical company says it spent nearly $1.6 million on air pollution monitoring after the fire that destroyed one of its locations on October 3. It says Hartford Fire Insurance Co. was obligated to pay for the monitoring, but won’t. 06/13/2012 - 1:00 pm | View Link
Germany's express delivery and mail company Deutsche Post DHL is testing a drone that could be used to deliver urgently needed goods to hard-to-reach places.
Company spokesman Thomas Kutsch says the flights all this week are strictly a research project to see if the technology works and there are no plans yet to start actual drone deliveries.
Is Ford a tech company? It’s easier to tie Ford’s great age of innovation to the era of the industrial revolution than the internet revolution. But Ford Executive Chairman Bill Ford wants to convince both car buyers and the tech industry that one of the most iconic companies in American history is just getting started.
Ford, of course, is more intimately tied to his company than most people; he’s the great-grandson of Henry Ford, who perfected the use of the assembly line for auto manufacturing and produced the first automobile that was affordable for middle-class Americans.
Morning Money Memo… Americans are drinking less beer and diet soda. Several well-known beer brands are far less popular than they were a few years ago. According to the industry journal Beer Marketer’s Insights, beer sales declined 2.3 percent between 2007 and 2012. Some well-known
Opscode, the company behind the popular Chef configuration management tool set, has a new name (it’s Chef, duh); a new CFO in Microsoft alum Curt Anderson and $32 million in new Series D funding to make the most of that new identity and to promote itself as an IT management “platform.”
Seattle-based Chef plans to staff up both sales/marketing and engineering, with plans to nearly double total headcount from just over 100 now to 200 all in service promoting its tool set as a “platform” for management of all IT functions, not just server configuration.
The new investment was led by Scale Venture Partners with contributions from Citi Ventures, the venture investment arm of Citigroup), Amplify Partners, Battery Ventures, DFJ, and Ignition Partners.
In an affirmation of its model, advertising and marketing firm Simpli.fi recently secured wad of cash it intends to use to spread its tendrils. The company announced a $16 million series B funding round led by private equity firm Frontier Capital. Several existing investors, including Contour Venture Partners, also participated.