March 25, 2006 |
A new rocket developed by an Internet entrepreneur's fledgling El Segundo company failed during its long-awaited maiden launch from a remote western Pacific island Friday. The Falcon I rocket, which was designed to sharply cut the cost of sending satellites into orbit, cleared the launch pad on Omelek Island and flew normally for about a minute but did not reach orbit, said a spokeswoman for the rocket developer, Space Exploration Technologies Corp.
June 15, 2010 |
Electric-car maker Tesla Motors Inc. plans to raise about $167 million by selling stock to the public later this year. The Palo Alto maker of a $109,000 Roadster electric sports car said in a Securities and Exchange Commission filing Tuesday that it planned to sell as much as 12.8 million shares for up to $14 to $16 each in an initial public offering. The offering is "highly anticipated" and values the company at about $1.5 billion, according to IPO research firm Renaissance Capital.
July 6, 2011 |
Despite the long holiday break, hackers kept up their attacks, targeting Apple Inc. and Fox News before hacking PayPal Inc. on Tuesday in the latest rash of cyber strikes. As America celebrated its independence, hackers took control of Fox News' Twitter account and early Monday morning tweeted six messages to @foxnewspolitics' 34,000 followers stating that the president had been killed, according to Fox News. The tweets, which were noticed about 2 a.m., were deleted after Twitter suspended the account about seven hours later and returned control of it to Fox News.
September 15, 2010 |
Google Inc. may have gotten itself unfriended by Facebook. The Silicon Valley search giant will unveil a social networking feature this fall, said Chief Executive Eric Schmidt, confirming that the company was building a product to put it in direct competition with Facebook and its 500 million users. Google will introduce what Schmidt referred to as "a social layer" into its existing suite of online search, video and mapping products. For months, Google has been making acquisitions and recruiting talent for the secretive project dubbed "Google Me. " The speculation intensified in August when Google bought Angstro, a company that organizes news for social networks, and hired its co-founder Rohit Khare.
June 29, 2010 |
Tesla Motors Inc., the Silicon Valley-based electric sports car maker, got a warm welcome from investors in the company's initial public stock offering late Monday. Tesla priced its IPO at $17 a share, above the expected range of $14 to $16. The stock will begin trading on Nasdaq on Tuesday under the symbol TSLA. The deal marks the first IPO by an American car company since Ford Motor Co. went public in 1956. Tesla and current shareholders sold a total of 13.3million shares, raising $226 million.
July 11, 2012 |
This post has been updated Media veteran Ross Levinsohn is expected to be named the permanent chief executive of Yahoo as early as today, signaling a new chapter for the struggling Internet company, according to one person with knowledge of the situation. Yahoo's board is meeting today, where its members are believed to be weighing the decision. [ Updated at 2:41 p.m.: A spokesman for the board, Charles Sipkins, declined to comment.] Levinsohn has served as Yahoo's interim chief executive since the May resignation of Scott Thompson, amid allegations that Thompson misrepresented his educational credentials.
July 8, 2008 |
Reid Hoffman is a big man in Silicon Valley. And, try as he might to remain in the background, his stature just keeps growing -- literally and figuratively. It all began in the bleak aftermath of the dot-com bust, when despondent entrepreneurs and investors were throwing in the towel. Hoffman, never one to shrink from a challenge, rolled up his sleeves. The PayPal Inc. veteran took some of the $10 million he made in 2002, when EBay Inc.
September 6, 2011 |
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.
October 25, 2008 |
Struggling to raise money amid the financial crisis, electric carmaker Telsa Motors Inc. will eliminate nearly a quarter of its workforce in a bid for profitability. Chairman and Chief Executive Elon Musk said Friday that Tesla would cut as many as 87 staff and full-time contract workers, or 24% of the 363-person total. The company also will attempt to raise $25 million, rather than the $100 million it had been seeking. Last week, the Santa Rosa-based start-up said it would delay production of its electric sedan, close two offices, increase production of its $109,000 Roadster and lay off an unspecified number of employees.
January 6, 2004 |
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%.