Kior Inc., the owner of the first commercial-scale cellulosic biofuel plant in the U.S., surged the most in six months after billionaire backer Vinod Khosla agreed to provide as much as $25 million in financing, making good on a commitment from last month.
Kior Inc., the Vinod Khosla-backed operator of the first U.S. commercial-scale cellulosic biofuel plant, fell the most on record after management told regulators they have serious doubts about staying in business.
NanoH2O Inc., a manufacturer of reverse-osmosis membranes that purify seawater to drinking quality while lowering the cost of desalination, is being purchased by Seoul-based LG Chem Ltd. for $200 million.
Lookout Inc., a maker of smartphone security software, named entrepreneur and Akamai Technologies Inc. Vice President Jim Dolce as chief executive officer as it seeks to boost growth and woo larger customers.
The Bernard Madoff trustee, who will try to reinstate hundreds of lawsuits through an appeal to be argued March 5 in Manhattan, had his chances of success dealt a blow last week when the U.S. Supreme Court decided a case involving R. Allen Stanford’s Ponzi scheme.
Kior Inc., operator of the first U.S. commercial-scale cellulosic biofuel plant, received commitments for $100 million in financing from Khosla Ventures LLC and Gates Ventures LLC to expand production at its Columbus, Mississippi, plant.
UrtheCast Corp., the digital-imaging company whose largest shareholder is Fidelity Investments, has surged almost 40 percent in the past seven months as investors bet it has found an inexpensive niche in the $1.5 billion market for pictures from space.