February 11, 2013 |
At 10:02 a.m. Monday, if all goes as planned at Vandenberg Air Force Base, the latest generation Earth-observation satellite, Landsat Data Continuity Mission, a.k.a. Landsat 8, will get a boost into space atop an Atlas 5 rocket. Since 1972, seven satellites have documented Earth's continents and coastlines in images of telling and often astonishing detail. Forty years of Landsat data, what the government calls a "visible, long-term record of natural and human-induced changes on the global landscape," is archived and available online, free for anyone to use. And it does get used.
April 12, 2010 |
California has bled manufacturing jobs for decades as low-cost foreign labor has enticed U.S. companies to fatten their profits by making their products overseas. But the state is on sale amid a slow recovery from the deep economic downturn. Industrial space is available at bargain prices. The dollar's sharp decline since 2001 has made manufacturing here more attractive. Tens of thousands of blue-collar workers are idle and itching to get back to work. That's why cities in the Inland Empire are courting foreign companies to set up factories in their communities to help battle the region's unemployment rate of 14.7%.
January 5, 2013 |
India has long had a love affair with gold. But one businessman there is so infatuated with the precious metal, he dropped about $230,000 on solid gold shirt. More than two dozen goldsmiths toiled for 15 days for lender Datta Phuge, who custom ordered the seven-pound top to wear for New Year's festivities, according to the Pune Mirror . The shirt is crafted from 14,000 22-karat gold rings linked together and comes with six Swarovski crystal buttons and a belt also made of gold.
June 7, 2013 |
Are you ready to bet that the great housing recession is finally over and that values are rising again? If so, some of the nation's largest institutional investors are ready to roll the dice with you. Pension funds, endowment portfolios and the like don't typically invest in residential real estate, which is the world's largest asset class. But given their long-term horizons, housing is considered a natural fit. And now there's a new investment vehicle that aligns their stash of cash with creditworthy home buyers.
December 22, 2011 |
Google Inc. is investing $94 million in solar panel farms in the Sacramento area. The money will go toward four photovoltaic, or PV, panel farms built by Recurrent Energy, a San Francisco company owned by tech-giant Sharp Corp., along with funding from investment firm Kohlberg Kravis Roberts & Co., said Axel Martinez, Google's assistant treasurer, in a company blog post. The investment pushes Google's portfolio of clean-energy investments to more than $915 million, $880 million of which has been invested since January, Martinez said.
August 14, 2012 |
Wells Fargo & Co. and a former vice president have agreed to pay more than $6.5 million to settle federal accusations that they peddled tricky mortgage-related investments without understanding the complexities of the financial products or disclosing the risks to investors. The Securities and Exchange Commission said the improper sales were made in 2007 by Wells Fargo Brokerage Services in Minneapolis, now known as Wells Fargo Securities, and specifically by Shawn McMurtry, the vice president who recommended and sold some of the products.