Convera Corp. (CNVR)announced the closing of a merger of Convera's operating subsidiaries with Vertical Search Works, Inc., a parent company of Firstlight Online Ltd.,effective on February 9, 2010, pursuant to the previously announced merger agreement.
Upon the merger, Convera owns 33.3% the total outstanding common stock of Vertical Search Works, subject to certain adjustments which may enable Convera to own up to 42% of Vertical Search Works prior to the distribution. The original shareholders of Vertical Search Works own the remaining shares of the new company
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.