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BUSINESS
January 6, 2004 | From Bloomberg News
EBay Inc., the world's largest Internet auctioneer, is raising the listing fees it charges sellers using its U.S. sites and is making changes to fee structures in 10 other countries to fund improvements. The U.S. fee increases will take effect in February and already are included in the company's 2004 sales forecast, said Hani Durzy, a spokesman for San Jose-based EBay. The increases will run as much as 45% for the highest-priced auction items. Most fees will rise by 9.1%.
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BUSINESS
May 26, 2007 | John O'Dell, Times Staff Writer
You can feel the electricity. Tesla Motors Inc., manufacturer of an exotic electric roadster, will launch its brick-and-mortar retailing effort with a store on Santa Monica Boulevard near the 405 Freeway in November. And Environmental Motors, the newest dealer for Zap, importer of a three-wheeled, low-speed electric "city car" called the Xebra, just held a grand opening for its showroom at 134 S. Glendale Ave. in Glendale.
BUSINESS
September 6, 2011 | By Jerry Hirsch, Los Angeles Times
An email war of words between tech entrepreneur Elon Musk of Tesla Motors Inc. and a prominent automotive journalist will turn into a $1-million payday for Doctors Without Borders, the international medical charity. Car reviewer Dan Neil of the Wall Street Journal and Musk have been trading oral and email barbs over whether Tesla will be able to bring out its Model S luxury electric sedan on schedule and at the claimed price. Musk is the chief executive of Palo Alto-based Tesla as well as Space Exploration Technologies Corp., the Hawthorne rocket company.
BUSINESS
August 28, 2010 | By Jessica Guynn, Los Angeles Times
Google Inc. is stockpiling technology and talent for what many believe will be a full-on assault against Silicon Valley rival Facebook Inc. As part of its campaign to build a social networking service to counter the explosive growth of Facebook, Google confirmed Friday that it had bought up Internet company Angstro and hired its co-founder Rohit Khare. Khare, a respected Internet researcher, is one of several new faces at Google charged with helping the Internet search giant compete for the eyeballs and dollars increasingly flowing to social networking.
BUSINESS
July 12, 2011 | By W.J. Hennigan, Los Angeles Times
A sprawling hangar to house the assembly of the world's most powerful rocket and a launchpad capable of handling the earthshaking blast is being developed northwest of Santa Barbara at Vandenberg Air Force Base. Hawthorne-based rocket venture SpaceX said it was investing $30 million at the base's Space Launch Complex 4-East for its upcoming 22-story Falcon Heavy rocket. The company, formally known as Space Exploration Technologies Corp., hopes to use the launchpad for the first time at the end of next year in a demonstration flight of the 27-engine rocket for the U.S. government.
BUSINESS
December 25, 2008 | Peter Pae
In a major boost to Southern California's aerospace industry, a Hawthorne start-up founded by an Internet entrepreneur has been awarded a NASA contract potentially worth $3.1 billion to lift supplies to the International Space Station. Space Exploration Technologies, also known as SpaceX, beat out aerospace behemoths Lockheed Martin Corp. and Boeing Co. for the contract to build rockets that would replace the space shuttle when it is slated for retirement in 2010.
BUSINESS
December 14, 2011 | By W.J. Hennigan, Los Angeles Times
Plans for the world's largest airplane powered by six jumbo jet engines were unveiled by Seattle billionaire and Microsoft Corp. co-founder Paul Allen as part of a new commercial space venture that plans to send satellites, cargo and tourists into Earth orbit aboard a rocket ship. The new company, Stratolaunch Systems Inc., said Tuesday that it expects to bring "airport-like operations to the launch of commercial and government payloads and, eventually, human missions. " Allen, 58, wants to see the first flight within five years and declined to say how much the venture will cost, but he made clear that the program needs to move quickly now that NASA's fleet of space shuttles has been retired.
BUSINESS
April 18, 2002 | From Times Wire Services
Saying companies spent less on technology in the first quarter, IBM Corp. reported its sharpest drop in earnings since the world's No. 1 computer maker emerged in 1993 from a string of losses. But the company sounded a positive note for later this year, saying that it expects to meet analysts' 2002 estimates as revenue from services improves to double-digit growth, which helped boost its shares in after-hours trading to as high as $87.29. The shares had closed off $1.39 at $84.
BUSINESS
July 24, 2002 | DAVID COLKER, TIMES STAFF WRITER
Losses at Amazon.com Inc. were cut nearly in half in the second quarter as the online retailer cut prices and offered shipping discounts to lure new customers and boost sales. The Seattle-based company said Tuesday that it lost $94 million, or 25 cents a share, down significantly from its loss of $168 million, or 47 cents a share, in the same period last year. Quarterly sales grew 21% to $805.6 million from $667.6 million in 2001.
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