Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Article excerpt

BATTERY FIRM AXION FILES FOR CHAPTER 7 BANKRUPTCY

Axion Power, a New Castle-based company that has promised for 15 years to crack the code of large-scale battery storage technology, filed for Chapter 7 bankruptcy last week. It plans to liquidate its assets. The company decided to liquidate after a major deal with a Chinese firm it had been pursuing since 2015 fell through, according to its attorney, Michael J. Henny.

BEST BUY TO BUY A PROVIDER OF HEALTH DEVICES FOR AGING

Consumer electronics retailer Best Buy is pushing more into the health field, acquiring a company that provides emergency response devices for the aging. Best Buy said it is paying $800 million for GreatCall. The San Diego, Calif.-based company, which has more than 900,000 paying subscribers, offers services such as an easy connection to operators who can connect users to caregivers, answer questions and more. …

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