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BUSINESS
June 15, 2010 | By Jerry Hirsch, Los Angeles Times
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.
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BUSINESS
September 15, 2010 | By David Sarno, Los Angeles Times
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.
ENTERTAINMENT
July 11, 2012 | By Dawn C. Chmielewski and Jessica Guynn
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.
BUSINESS
October 21, 2005 | Peter Pae, Times Staff Writer
A Southland rocket maker founded by Silicon Valley entrepreneur Elon Musk filed a federal lawsuit Wednesday accusing the nation's two largest defense contractors of monopolizing the rocket launch business. The suit by Space Exploration Technologies Corp. of El Segundo marks the latest move by the fledgling company to wrest government rocket work from Boeing Co. and Lockheed Martin Corp. Musk, who co-founded and then sold Internet-payment company PayPal Inc. to EBay Inc. for $1.
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 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%.
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
October 25, 2008 | Ken Bensinger, Bensinger is a Times staff writer.
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.
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