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Safran has signed a formal agreement with French venture capital firm Sofinnova Partners for the divestment of its mobile phone business. As part of the transaction Esmertec has signed an agreement with Sofinnova and Safran to acquire the mobile software platform activities of Sagem Mobiles.

Sun girds its grid for cloud business spin out (The Register)
Sniffs new business opportunity Exclusive Sun Microsystems' utility computing operation is being turned into a separate cloud business unit lead by Sun's chief sustainability officer Dave Douglas.

Yahoo! NewsScooter Boom - High gas prices have led to a stellar business opportunity for local college student (Johnson City Press)
Local college student Garrett OSullivan loves working on anything with two wheels and a motor, but he never expected that interest to present a serious business opportunity of course, he didnt expect gas prices to double during the first four years he had a drivers license, either.

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