Phibro Energy Pulls Plug On MC2 After Mobil Oil Nixes Deal
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Phibro Energy Inc. of Westport, Conn., has dramatically scaled back its commitment to mc2 Technologies Inc., the software vendor it set up to market its NeXT Computer Inc.-based energy trading system.
Phibro, a commodity trading subsidiary of Salomon Inc., brought the ax down on its would-be spin-off vendor at the beginning of the year. It let go some 30 consultants associated with the mc2 development effort, suspended marketing efforts indefinitely, and ordered the remaining 10 or so Phibro
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