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BUSINESS
March 5, 2010 | By Dan Fost
The technology industry is always looking for the next new thing, and that's helping drive the latest hiring push. Such initiatives as green technology and "cloud computing" could even fuel an overall economic comeback, technology analysts say. "After three long years of putting off technology investments, companies inevitably want to take advantage of the new technology that's available," said John A. Challenger, chief executive of outplacement consultant...
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NATIONAL
March 1, 2010 | By Jim Tankersley
Half a century ago, after the Soviet Union jolted Americans by sending Sputnik into orbit, the Defense Department launched a little-noticed program designed to help the United States leapfrog the frontiers of technology by doling out millions of dollars for research on radically new ideas. The Defense Advanced Research Projects Agency -- DARPA in Pentagonese -- backed projects that led to such military advances as the light, rapid-fire M-16 rifle and Stealth warplanes that were invisible to radar.
BUSINESS
February 17, 2010 | By Richard Verrier
A stone-faced Kiefer Sutherland, star of the Fox TV show "24," grabs the throttle of a mock helicopter propped up on a soundstage that has been wheeled in front of a giant blue screen. The actor is performing on a stage inside a converted warehouse in Chatsworth, but the on-screen action -- a low-altitude aerial scene in which Sutherland's character, the intrepid Jack Bauer, is being chased by two Air Force helicopters -- is meant to take place over midtown Manhattan. But the producers didn't have to fly to New York to capture the scene for an upcoming episode of "24," a costly, not to mention problematic, task given heightened security concerns about low-flying aircraft in New York.
BUSINESS
November 23, 2009 | By Todd Woody
At a recent solar energy conference in Anaheim, economic development officials from Ohio talked up a state that seemed far removed from the solar panels and high-tech devices that dominated the convention floor. Ohio, long known for its smokestack auto plants and metal-bending factories, would be an ideal place for green technology companies to set up shop, they said. "People don't traditionally think of Ohio when they think of solar," said Lisa Patt-McDaniel, director of Ohio's economic development agency.
BUSINESS
September 20, 2009 | Todd Woody
In what would have been an unaccustomed move for a Silicon Valley venture capitalist not too long ago, Alan Salzman recently flew to Copenhagen to attend a conference on climate change and schmooze government policymakers. His mission: Explain the role of venture capitalists and their green-tech start-ups in cleaning up the environment. "All aspects of clean tech bump up against government regulations," said Salzman, whose firm, VantagePoint Venture Partners, has funded such high-profile firms as electric car maker Tesla Motors Inc. and solar power plant developer BrightSource Energy Inc. A few years ago, venture capitalists rarely ventured too far from Sand Hill Road, a stretch of low-slung office parks nestled among redwood trees in the hills above Stanford University that is home to some of the world's biggest venture firms.
BUSINESS
September 2, 2009 | Todd Woody
In a sign that green technology investing is bouncing back, Silicon Valley venture capital firm Khosla Ventures said Tuesday that it had raised $1.1 billion to spur development of renewable energy and other clean technologies. It is the biggest first-time fund in a decade and comes as venture capital investment in green technology is just beginning to recover from a precipitous fall prompted by the global economic collapse last fall. In the first half of the year, investments in green tech plunged to $513 million from $2 billion in the first six months of 2008, according to a survey by PricewaterhouseCoopers.
BUSINESS
August 23, 2009 | Ronald D. White
The ports of Los Angeles and Long Beach are so busy that they move more cargo than the next five largest U.S. ports combined. They're so efficient that they process more international trade in one month than most North American harbors handle in an entire year. Now the friendly rivals are leading the way into unexpected waters: attracting, testing and funding cutting-edge technology to reduce emissions and fuel consumption at the ports. Even as their revenues declined and their budgets shrank in the worst global recession in more than 60 years, the twin ports have become accidental venture capitalists of sorts in the world of green technology.
CALIFORNIA | LOCAL
March 3, 2009 | Louis Sahagun
When visitors to Wilmington's historic red-brick Chamber of Commerce ask what's new, three topics tend to dominate the ensuing conversation. One is the recent groundbreaking for a long-awaited 30-acre buffer of parkland separating the working-class community from the frenzy of diesel-spewing activity in the nation's busiest port.
BUSINESS
October 20, 2008 | Marla Dickerson, Times Staff Writer
Tough state mandates requiring Californians to reduce their carbon footprints and use more homegrown renewable energy will create more than 400,000 jobs, help consumers save on their lighting bills and boost the state's economy by $76 billion by 2020. Those are some of the findings of a study to be released today by Next 10, a nonprofit organization that promotes environmental innovation in California. The report contrasts sharply with the views of some business groups, which have been critical of the state's commitment to cut its global warming emissions to 1990 levels by 2020.
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