Other projects financed by the VC fund: In BorgWarner's engine division engineers are working on strategies to optimize airflow in diesel engines for more efficient combustion.

FORBES: Companies & Strategies

Berges, 45, turned around the company's aerospace engine systems and accessories division, but his new job may be even tougher.

FORBES: Bleeding arm, but no bleeding heart

Particularly disappointing was the institutional-securities (ie, investment banking and trading) division, the engine of the group.

ECONOMIST: Morgan Stanley

The international division clearly is Wal-Mart's growth engine, now that sales at U.S. stores open at least a year have fallen for five consecutive quarters.

WSJ: Wal-Mart Bids $4.6 Billion for South Africa's Massmart

Tuesday, its mobile and PC division, Namco Networks, revealed its new UniteSDK game engine.

FORBES: Pac-Man Maker Goes Social For 30th Anniversary