(Reuters) – United Technologies Corp is nearing a deal to merge its aerospace business with U.S. defense contractor Raytheon Co and form a new company worth well over $100 billion, a person familiar with the matter said on Saturday. United Technologies and Raytheon are seeking to pool resources through what would be the biggest merger...Continue Reading

Photonics has been at the core of many modern day inventions and economic growth for decades now. However, the environment for photonics technology and component providers remains highly fragmented and fiercely competitive with their OEM customers and end-users further up the value chain realizing more of the value. Is that changing? It appears the public...Continue Reading

2011 was an odd year.  The volatility reminded me of the Led Zeppelin song, “Dazed and Confused.”  The S&P 500 moved at least 2% on more than 60 days (which in 2005, for example, it didn’t do once).  Those people who have superior information and market sense — traders and professional money managers – did...Continue Reading