NEW YORK -- Former Tyco International CEO L. Dennis Kozlowski and CFO Mark Swartz were sentenced on Monday to up to 25 years in prison and fined a collective $239 million for looting the company of hundreds of millions of dollars. The men were taken immediately into custody.

Kozlowski, 58, and Swartz, 44, will be eligible for parole after about eight years.


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JACKSON, MI -- Sparton Corp. an EMS provider, announced its engineering and electronics manufacturing operations are in full compliance with the Restriction of Hazardous Substances directive. Sparton received third-party certification for establishing a fully compliant lead-free design and manufacturing process into its electronics services capabilities, the company said today.


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TORONTO - Nortel Networks Corp. today said its manufacturing plant in Monkstown, Northern Ireland,  would  no longer be included in the sale of several of its factories to Flextronics. Instead, Nortel, will use the plant as its regional supply-chain center for operations in Europe, the Middle East and Africa.
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KENOSHA, WI — Promation, a company specializing in PCB handling equipment, selective robotic soldering, laser mark and technical workstations, has secured a sales relationship with Kintner Equipment Corp. (Endicott, NY) to serve customers in upstate New York and western Pennsylvania.
 
Gary Goldberg, president of Promation, said, “Kintner Equipment is a premiere capital equipment sales organization with many years of experience in both SMT and back-end manufacturing operations. Promation is delighted to have secured this business relationship.” Read more ...