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Morgan Stanley names vendor in data security case

Published: August 19, 2021
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Morgan Stanley company logo on screen under magnifying glass.

A court filing this month revealed more details about data mismanagement that occurred during asset disposition at Morgan Stanley locations. | Mr. Tempter / Shutterstock

Morgan Stanley has identified the data center decommissioning provider it claims was responsible for a data-breach incident, which led to lawsuits and a $60 million penalty against the financial giant.

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Processor’s profits boosted by pivot to data center work

Published: August 19, 2021
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Data center server room

Sims Lifecycle Services, the electronics processing branch of metals recycling giant Sims Limited, reported boosted earnings during its 2021 fiscal year. | Sanchai Khudpin/ Shutterstock

Sims Lifecycle Services is finding that repurposing data center devices continues to be considerably more profitable than recycling e-scrap, financial disclosures show.

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Device leasing firm draws $1 billion in funding

Published: August 12, 2021
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People shaking hands at a business meeting.

Grover offers a wide range of devices available for lease by consumers, including computers, smartphones, drones, gaming devices, and many more. | Micolas / Shutterstock

Grover, a European company that provides subscription access to consumer technology, recently secured massive investment capital, underscoring wider interest in a model that maximizes device life span and facilitates end-of-life recycling.

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URT takes its frit powder project across the US

Published: July 29, 2021
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CRT glass processing equipment at URT.

URT has installed equipment nationwide to processes glass from CRTs into powders used to make frit, which is an ingredient used in compounding enamels and ceramic glazes. | Courtesy of URT.

After a roughly $1.2 million investment, Universal Recycling Technologies is currently processing 100% of the leaded CRT glass it handles into a feedstock for ceramic tiles.

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Lithium-ion battery recycler nets major investment capital

Published: July 29, 2021
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A person signing business documents.

Redwood Materials is one of a handful of firms scaling up lithium-ion recycling processes. | OtmarW / Shutterstock

Redwood Materials, a growing Nevada-based battery recycling firm that recently partnered with an e-scrap processor, received more than $700 million in funding from various financing organizations.

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Federal regulators say they will ‘restore the right to repair’

Published: July 29, 2021
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A smartphone being repaired with tools.

A policy statement includes several specific actions FTC will take and other steps it is asking the public to take. | Alexey Kabanov / Shutterstock

The Federal Trade Commission last week pledged to heighten enforcement actions on manufacturers that block independent repair of their products.

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