Re­turn­ing to Sender

Bloomberg Businessweek (Europe) - - Companies/industries - By Kyle Stock

●● The re­cy­cling race is heat­ing up in space. On Dec. 21, Elon Musk’s SpaceX launched a Fal­con 9 rocket that put 11 satel­lites into or­bit be­fore re­turn­ing to land ver­ti­cally in Florida. A few weeks ago, Jeff Be­zos’s Blue Ori­gin per­formed a sim­i­lar feat, though its ves­sel didn’t carry satel­lites. Re­us­able rock­ets are ex­pected to dras­ti­cally re­duce the cost of space launches. ● ● Toshiba, rocked by one of Ja­pan’s big­gest ac­count­ing scan­dals in 2015, said it would elim­i­nate 7,800 jobs, roughly 4 per­cent of its work­force, and sell its health-care di­vi­sion in a bid to stem losses. Most of the lay­offs will be in its con­sumer elec­tron­ics and ap­pli­ances unit. The com­pany said it would post a loss of about $4.5 bil­lion in the year end­ing in March. Ride-hail­ing startup Lyft filed plans to raise as much as $1 bil­lion in a fund­ing round. Ven­ture cap­i­tal ex­perts have put Lyft’s pre­fund­ing val­u­a­tion at $4 bil­lion to $4.5 bil­lion. Ri­val Uber is seek­ing to raise an ad­di­tional $2.1 bil­lion, which would give it a $62.5 bil­lion val­u­a­tion. Pana­sonic said it’s buy­ing Huss­mann, a maker of re­frig­er­a­tion sys­tems, for $1.5 bil­lion. The deal helps the Ja­panese elec­tron­ics gi­ant pivot away from TVs and smart­phones and to­ward prod­ucts and ser­vices that might in­ter­est cor­po­rate cus­tomers. Mis­souri-based Huss­mann makes cool­ers for food dis­trib­u­tors and re­tail­ers.

Ap­ple signed a global li­cens­ing agree­ment with Eric­s­son, end­ing an al­most year­long patent dis­pute be­tween the telecom­mu­ni­ca­tions gi­ants. Ap­ple will pay Eric­s­son an undis­closed sum over seven years for the rights to a num­ber of patents used to speed wire­less net­works.

CEO Wis­dom “Once some­one starts think­ing like an in­ven­tor, they can’t turn that off.” ——Ford Global Tech­nolo­gies CEO Bill Cough­lin, ex­plain­ing a 36 per­cent in­crease in the car­maker’s an­nual patent ap­pli­ca­tions

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