Reuters:NCR Corp. announced Jan. 8 that it plans to spin off its Teradata software unit from its banking and retail equipment business, creating two publicly traded companies. The tax-free spinoff is expected to be completed in six to nine months, NCR said.
In business for more than three decades, Lock America, Inc. of Corona,CA develops, manufactures and markets high security locks for various industries, including amusement, gaming, information management, fuel distribution and self-storage.