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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
January 24, 2011 | By W.J. Hennigan, Los Angeles Times
After becoming the first private company ever to blast a spacecraft into Earth orbit and have it return intact last month, Hawthorne rocket maker Space Exploration Technologies Corp. is pushing toward its next big step. The company known as SpaceX wants to be the first commercial firm to launch astronauts into outer space and has submitted a proposal to NASA. SpaceX wants in on the potentially multibillion-dollar job of ferrying astronauts to and from the International Space Station after the space shuttle is retired this year.
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
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
July 20, 2011 | By Salvador Rodriguez, Los Angeles Times
In what it said was the largest sweep of Internet "hactivists" in the U.S., the FBI arrested 14 alleged members of hacker group Anonymous, which last fall took responsibility for knocking out the websites of several large companies. The 14 people arrested, including two from Southern California, may be the first alleged members of Anonymous to be arrested by the FBI, said a law enforcement official not authorized to speak on the matter. The raids may also mark the first time that federal agents arrested individuals for cyber crimes that may have been committed as a form of political protest.
BUSINESS
December 18, 2007 | Jessica Guynn, Times staff writer
The Young Turks who made their mark as early backers of Facebook Inc. have raised a second investment round more than four times as large as their first, signaling their growing clout as an alternative to venture capitalists on Silicon Valley's Sand Hill Road. Founders Fund Management, led by a quartet of wealthy and connected entrepreneurs behind such success stories as online payment service PayPal Inc.
BUSINESS
July 8, 2008 | Jessica Guynn, Times Staff Writer
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.
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.
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