May 26, 2007 |
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.
January 24, 2011 |
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.
August 28, 2010 |
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.
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.
July 12, 2011 |
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.
April 18, 2002 |
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.
July 24, 2002 |
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.
July 7, 2006 |
Is EBay Inc.'s management team strong enough and deep enough to fend off growing competition from Google Inc.? Investors were asking that question Thursday after the online auctioneer announced a shuffle of senior management that was prompted by the departure of a top executive. EBay shares slumped more than 5%, closing at their lowest level since 2003.
May 8, 2002 |
UBS Warburg analyst Samuel Buttrick on Tuesday advised investors to sell JetBlue Airways Corp. shares less than a month after his firm helped manage the discount airline's initial stock sale. Buttrick started coverage of JetBlue (ticker symbol: JBLU) at "reduce," one of seven companies with the firm's second-lowest rating. He said in a note to clients that shares are too expensive after doubling from their IPO price.