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First Solar ousts CEO, shares dive 24 percent

Reuters

First Solar's board of directors ousted the solar company's chief executive, Rob Gillette, replacing him on an interim basis with Chairman Mike Ahearn while it searches for a permanent replacement.

Shares in the world's most valuable solar company plummeted more than 24 percent to $43.71--its lowest level since March of 2007--following the unexpected Tuesday announcement.

"It's an absolute and total surprise," said Mark Bachman, an analyst with Avian Securities LLC.

The U.S. solar company said in a brief statement that its board of directors has asked Ahearn to serve as temporary CEO … Read more

Wal-Mart, Target under RFID patent attack

Behind the scenes, Wal-Mart and Target use radio-frequency identification tracking systems to help them keep their shelves stocked, but that method could face new complications if an ongoing patent lawsuit doesn't go their way.

The suit, filed back in August 2006, accuses the megaretailers and Gillette of infringing on a U.S. patent covering an "inventory control system" that employs radio-frequency identification (RFID) technology to track the presence or absence of items and keep them from colliding. The patent belongs to a Houston man named Ronald Bormaster, who assigned it to Houston-based RFID World, which does not … Read more