Lockheed Martin has entered into a $206 million partnership agreement with an Ocean Power Technologies subsidiary for a wave energy generation project off the coast of Australia, Reuters reported Tuesday. Andrea Shalal-Esa writes Lockheed and OPT unit Victorian Wave Partners intend for the venture to produce up to 62.5 megawatts of electricity using ocean waves. […] More

Lockheed Martin and EMC have partnered to invest $1 million to work with Israeli industry, government and academic institutions in bringing technology development opportunities to market, Reuters reported Sunday. Steven Scheer writes both companies will contract external parties such as Ben-Gurion University for cloud, data analytics and cyber technologies projects. “Our goal is to foster […] More

Molly Rector has joined DataDirect Networks to serve as the company’s first-ever chief marketing officer as DDN aims to expand into new markets. Rector will be responsible for increasing corporate brand visibility outside traditional markets, helping grow the partner ecosystem and driving an end-to-end customer experience, DDN announced Tuesday. She succeeds Jeff Denworth and will report directly […] More

Deloitte has released the sales forecast of smartphones, tablets, wearable technology, computers, television sets and gaming consoles in 2014. The Technology, Media and Telecommunications Predictions 2014 report projects smart glasses, fitness bands and watches to reach nearly 10 million in unit sales for $3 billion this year, Deloitte said Tuesday. Deloitte also forecasts smartphones, tablets, […] More

The Centers for Medicare and Medicaid Services said that U.S. spending on healthcare increased by 3.7 percent to $2.8 trillion in 2012, Reuters reported Monday. Caroline Humer writes that national health spending has been growing at a slower pace and CMS has linked the slowdown to recession-induced changes in medication prices and care payment policies. […] More

Private sector construction projects have raised spending in the industry to its highest level in five years, the Commerce Department told Reuters Thursday. Lucia Mutikani writes the one percent annual rate increase brought construction spending to $934.4 billion despite the drop in federal, state and local government projects. Spending for private construction projects rose 2.2 […] More

Research and Markets plans to provide clients in the enterprise market with a report designed to weigh the value of big and small data strategies. The “Big Data vs. Small Data Strategies for Next Generation Business” study is meant give clients big and small data approaches in terms of data management opportunities and concerns, Research […] More