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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.
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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.
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
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
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.
BUSINESS
July 7, 2006 | Chris Gaither, Times Staff Writer
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.
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