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BUSINESS
April 2, 2008 | Joseph Menn, Times Staff Writer
Sprint Nextel Corp., the No. 3 U.S. cellphone carrier, reaffirmed its commitment Tuesday to a next-generation system for delivering data that an increasing number of analysts are questioning. At an industry conference, Sprint Chief Executive Dan Hesse said the Overland Park, Kan.-based company was sticking with a wireless technology known as WiMax. It can send large amounts of information through the air, but it does better in areas with flat terrain.
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BUSINESS
April 2, 2008 | Meg James, Times Staff Writer
Reality television impresario Mark Burnett doesn't think his latest business will be half-baked. The man behind such hits as "Survivor" and "The Apprentice" announced Tuesday that he had invested in microwave oven technology that aims to fully cook food. Burnett, 47, said he had a 25% stake in the firm, Microwave Science, which owns the rights to a trademarked technology called TrueCookPlus.
BUSINESS
February 27, 2008 | From Times Wire Services
IBM Corp. introduced a mainframe computer that performs tasks more quickly while using less power, stepping up competition with Hewlett-Packard Co. and Dell Inc. for business customers. The computer can operate 50% faster, handling 70% more work, than current IBM mainframes, the Armonk, N.Y.-based company said. That reduces energy costs by as much as 85%, the company said. IBM, the biggest seller of mainframes, is redesigning the machines to challenge server networks, which can cheaply deliver Web pages and computer files.
BUSINESS
February 2, 2008 | Peter Pae, Times Staff Writer
Two key Boeing Co. defense executives have been quietly transferred to the troubled 787 jetliner program, suggesting that problems with developing the plane could be worse than the company has revealed. In what some analysts said was an unusual move, the two executives were placed on "special assignment" with the commercial aircraft division in Seattle in early January, two weeks before Boeing announced that production problems had forced a further delay in initial deliveries of the Dreamliner.
BUSINESS
January 9, 2008 | From the Associated Press
Hyundai Motor Co. launched its rear-wheel drive Genesis luxury sedan Tuesday, a car the South Korean company sees as its ticket into the ranks of the world's top-end automakers. Hyundai preceded the introduction by showing a promotion film featuring a decidedly James Bond-like actor driving the sleek, road-hugging vehicle. The screen then receded to reveal an orchestra and three South Korean tenors who gave a live performance of "Nessun dorma," an aria from Puccini's opera "Turandot."
BUSINESS
January 9, 2008 | From Reuters
General Motors Corp.'s planned launch of the highly anticipated Chevrolet Volt in 2010 is "a stretch" even though the automaker has not hit any snags in its development of the rechargeable electric car, the automaker's chief executive said Tuesday. Rick Wagoner said the automaker's initial tests of a new-generation of lithium-ion batteries needed to power the Volt had been favorable.
BUSINESS
November 30, 2007 | From Reuters
Verizon Wireless, the No. 2 U.S. mobile service, said Thursday that it planned to build a next-generation high-speed wireless network based on Long Term Evolution, or LTE, technology and to start trials next year. The move could eventually bring revenue to network equipment makers suffering from slower spending by carriers. But it is also seen as a blow to a rival technology developed by Qualcomm Inc. and to WiMax, an emerging wireless standard that Intel Corp. supports.
BUSINESS
November 29, 2007 | From the Associated Press
Internet search leader Google Inc. is testing technology that will locate users of its mobile mapping service, even if the phone making the connection isn't equipped with a GPS receiver. The tracking feature, introduced Wednesday, is being touted as an added convenience because it will enable people on the go to skip the task of typing a starting address on a mobile handset's small keys when they turn to Google's maps for guidance.
BUSINESS
November 27, 2007 | From Reuters
News Corp.'s popular online social network, MySpace, plans to launch Facebook-style "news feeds" in the next 30 to 45 days, Fox Interactive Media President Peter Levinsohn said Monday. News feeds, which alert users to what their friends and colleagues are doing, have been one of the most popular features of MySpace rival Facebook. "The concept of a news feed is something we are very focused on, and we'll be well down the path in the next 30 to 45 days," Levinsohn said at a media conference.
BUSINESS
November 27, 2007 | Peter Pae, Times Staff Writer
It was considered a stunning turn in warfare when a remotely controlled aircraft on a reconnaissance flight over Afghanistan spotted a Taliban convoy and fired a jury-rigged Hellfire missile, striking and destroying the target. The headline-grabbing flight in late 2001 -- though rudimentary and under remote human control -- marked the first search-and-destroy mission by a flying drone, and it propelled robotic warfare from the pages of science fiction to the battlefield.
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