News
GameStop 1Q net income falls but beats Street
May 23, 2013 9:59 am | by The Associated Press | CommentsGameStop Corp. said Thursday that its first-quarter net income fell 25 percent as revenue declined, but results at the world's biggest video game retailer surpassed Wall Street's expectations. The company earned $54.6 million, or 46 cents per share, in the three months that ended on May 4. That's...
Quality Systems posts 4Q loss due to charge
May 23, 2013 8:13 am | by The Associated Press | CommentsQuality Systems posted a loss for its fiscal fourth quarter, mostly due to a fresh assessment of asset values within its hospital division. Quality Systems Inc. develops and markets computer-based applications for medical and dental practices and small hospitals to help them keep track of health...
Lenovo says quarterly profit up 90 percent
May 23, 2013 2:14 am | by The Associated Press | CommentsComputer maker Lenovo Group says its latest quarterly profit rose 90 percent as sales of smartphones and mobile computing technology expanded. Lenovo Group said Thursday it earned $127 million, or 1.22 cents per share, in the three months ending March 31. Revenue rose 4 percent over a year...
HP's 2Q offers hope even as revenue slump deepens
May 22, 2013 7:07 pm | by MICHAEL LIEDTKE - AP Technology Writer - Associated Press | CommentsHewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the company's cost-cutting measures and focus on more profitable areas of technology appear to be easing the pain. The...
Audit: NC Medicaid claims system untested, flawed
May 22, 2013 1:59 pm | by MICHAEL BIESECKER - Associated Press - Associated Press | CommentsAn audit of the North Carolina Department of Health and Human Services released Wednesday says it has failed to fully test a new $484 million computer system scheduled to begin processing Medicaid claims on July 1. The report issued by the office of State Auditor Beth Wood raises serious...
Rice unveils method for tailoring optical processors
May 22, 2013 12:10 pm | by EurekAlert! | CommentsRice University scientists have unveiled a robust new method for arranging metal nanoparticles in geometric patterns that can act as optical processors that transform incoming light signals into output of a different color. Rice's team used the method to create an optical device in which incoming light could be directly controlled...
Mouser Electronics’ President and CEO Glenn Smith celebrates 40 years of service
May 22, 2013 11:16 am | CommentsMouser Electronics announced the 40th company anniversary milestone of Glenn Smith, Mouser’s President and Chief Executive Officer. In 1973, Pong was cutting edge in the world of video games, music came on eight-track tapes, TV viewing was limited to three networks and Glenn Smith was a college kid....
New technique may open up an era of atomic-scale semiconductor devices
May 22, 2013 11:03 am | by NC State University | CommentsResearchers at North Carolina State University have developed a new technique for creating high-quality semiconductor thin films at the atomic scale – meaning the films are only one atom thick. The technique can be used to create these thin films on a large scale, sufficient to coat wafers that are two inches wide, or larger.
Internet cable from Cuba to Jamaica comes online
May 22, 2013 10:55 am | by The Associated Press | CommentsA new branch of the Venezuela-to-Cuba undersea fiber-optic cable has reportedly come online, linking the island to nearby Jamaica, increasing Cuba's potential international communications bandwidth and providing a backup for the main line.
With high-tech guns, users could disable remotely
May 22, 2013 10:51 am | by MARTHA MENDOZA, AP National Writer | CommentsA high-tech startup is wading into the gun control debate with a wireless controller that would allow gun owners to know when their weapon is being moved — and disable it remotely. The technology, but not an actual gun, was demonstrated Tuesday at a wireless technology conference in Las Vegas and was shown to The Associated Press in advance.
First Look: New Xbox elegant, but much unknown
May 22, 2013 10:47 am | by DERRIK J. LANG, AP Entertainment Writer | CommentsAfter four years of development, Microsoft unveiled the Xbox One entertainment console and touted it as an all-in-one solution for playing games, watching TV and doing everything in between. Microsoft wants the Xbox One to be central to your living room...
Sony mulls hedge fund's entertainment sale idea
May 22, 2013 10:42 am | by ELAINE KURTENBACH, AP Business Writer | CommentsSony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division. Hirai was asked about the proposal at a corporate strategy presentation Wednesday.
Solar plane departs Phoenix on 2nd leg of US trip
May 22, 2013 10:36 am | by The Associated Press | CommentsA solar-powered plane is flying from Arizona to Texas on the second leg of a trip across the United States. The Solar Impulse is making the first attempt by a solar airplane capable of flying day and night without fuel to fly across the U.S.
Median CEO pay rises to $9.7 million in 2012
May 22, 2013 9:43 am | by CHRISTINA REXRODE - AP Business Writer - Associated Press | CommentsCEO pay has been going one direction for the past three years: up. The head of a typical large public company made $9.7 million in 2012, a 6.5 percent increase from a year earlier that was aided by a rising stock market, according to an analysis by The Associated Press using data from Equilar, an...
EU leaders discuss fight against tax evasion
May 22, 2013 9:32 am | by JUERGEN BAETZ - Associated Press - Associated Press | CommentsEuropean Union leaders on Wednesday sought to advance their fight against tax fraud and close the loopholes for large corporations' tax avoidance schemes. European officials say tax fraud costs the 27-nation bloc an estimated 1 trillion euros ($1.3 trillion) a year at a time when much of the bloc...
