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Honeywell agrees to 32.5M payment in patent dispute settlement

Honeywell Turbo Technologies, part of Morris Township-based Honeywell International, reached a settlement Monday in a four-year patent dispute with BorgWarner Turbo Technologies. The agreement, reached in a North Carolina district court, ended the fight over a patent relating to cast titanium compressor wheels used in some commercial vehicles. Honeywell agreed to pay BorgWarner a one-time ...

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Pulse urges shareholders to vote within company

In response to Bel Fuse’s attempt to place two of its nominees on the Pulse Electronics board of directors, Pulse issued a new statement urging shareholders to vote within the company. Jersey City-based Bel Fuse proposed two nominees for the vote at the annual meeting of Pulse’s shareholders on May 18. In response, Pulse sought ...

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Mayor, What’s going on with OKC Thunder?

I didn’t really expect Newark Mayor Cory Booker to meet with me when I showed up at his office, unannounced, Tuesday morning. But I do expect Booker to answer our requests for comment, especially when he is one of the few people who can clear up our confusion. You see, we printed something wrong, and ...

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Subaru drives record sales increase

Subaru of America Inc. saw a 7 percent increase in year-over-year sales for the month of April, continuing a string of months with company-record sales. The automotive maker, with its headquarters in Cherry Hill, sold 24,762 vehicles in April, up from 23,198 in 2010. The increase was driven by a 23 percent jump in the ...

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Bel Fuse takes next step in fight with Pulse

In an effort to persuade fellow Pulse Electronics Corp. shareholders to reserve their final vote for independently nominated board of director nominees, Bel Fuse Inc. issued a presentation and letter to Pulse stockholders in anticipation of the May 18 annual meeting. Bel Fuse, which is based in Jersey City, has attempted to combine with the Trevose, ...

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Insurance helps Neptune company plan for growth

A New Jersey manufacturer plans to expand its export business and may increase its work force thanks to a new program offered by the Export-Import Bank of the United States. The Gluefast Co. Inc., based in Neptune, used the Ex-Im Bank’s new Express Insurance product to insure a small Mexican distributor that was increasing purchases. “We ...

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