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Recent Press

Signaling the importance the company places on the Portuguese market, OLX today announced the appointment of Rodrigo Ribeirão as Country Manager of OLX Portugal. In his new role, Ribeirão will be responsible for developing and implementing the company strategy in Portugal and will lead all OLX Portugal operations including both the internet classifieds site (www.olx.com.pt) and the mobile classifieds site (http://m.olx.pt/). Ribeirão, also the Country Manager of the OLX Brazil office, aims to accelerate the growth of the already-successful OLX Portugal sites, and build a stronger relationship with its Portuguese clients.

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Raytheon Co. said Monday that one of its subsidiaries has won a $17 million U.S. Department of Defense contract to help government analysts translate information from foreign languages.

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Raytheon BBN Technologies has taken in $17 million from the Defense Advanced Research Projects Agency (DARPA) to use in developing rapid translation software to apply to Arabic and Chinese news sources.

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In the first quarter of this year, while Chinese demand for copper, aluminum and nickel helped the London Metals Exchange’s index of prices rise to a 4% gain, the minerals price index for EVE went in the opposite direction, dropping by 1.8% over the same period.

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