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The9 posts smaller 2Q loss but revenue plunges

August 24, 2010 5:06 pm | by The Associated Press | Comments

Chinese online game operator The9 Ltd. on Tuesday posted a smaller loss for the second quarter as lower costs offset a sharp decline in revenue.Revenue tumbled 91 percent to $3.7 million from $42.5 million a year earlier. The falloff was due to lower income from the multiplayer game "World of...

Hewlett-Packard gets $135M contract from Alabama

August 24, 2010 3:06 pm | by The Associated Press | Comments

Technology company Hewlett-Packard Co. said Tuesday it has received a $135 million, eight-year technology services contract from the Alabama Medicaid Agency.The contract, HP said, extends its 30-year relationship with Alabama's Medicaid agency, which oversees the Medicaid program for more than...

Alibaba.com buys Auctiva

August 24, 2010 2:05 pm | by The Associated Press | Comments

Chinese e-commerce site operator Alibaba.com Ltd. said Tuesday that it agreed to buy Auctiva, which makes online selling tools geared toward eBay users, for an undisclosed amount.Auctiva has more than 170,000 active users, Alibaba said. The company offers tools for listing and marketing...

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China TMK Battery Systems Reports Second Quarter 2010 Financial Results

August 24, 2010 1:21 pm | by PowerPulse.net | Comments

China TMK Battery Systems Inc. announced the company’s financial results for the three month period ended June 30, 2010. For the second quarter of 2010, revenues increased 47.3% to $16.8 million, from $11.4 million...

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Sony Develops Technology to Facilitate both Internal Data Transmission & Power Supply with a Single Cable

August 24, 2010 1:20 pm | by PowerPulse.net | Comments

Sony Corp. has developed ’single wire interface technology’, a hybrid transmission technology which facilitates both data and power transmissions through a single cable. This technology enables the internal wiring of a mobile device to be...

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Microsoft finally fueling Yahoo's search engine

August 24, 2010 1:20 pm | by The Associated Press | Comments

Microsoft Corp.'s technology is now processing all the search requests on Yahoo Inc.'s website in the U.S. and Canada, completing a long-awaited leap that creates a more formidable challenger to Google Inc. in the most lucrative part of the online advertising market....

Buffett, Diller to join Montana economic summit

August 24, 2010 1:05 pm | by The Associated Press | Comments

U.S. Sen. Max Baucus says investor and philanthropist Warren Buffett is scheduled to participate in the Montana Economic Development Summit in Butte next month.Buffett, the CEO of Berkshire Hathaway Inc., is scheduled to speak to the gathering live via video.Baucus also announced Tuesday that...

Dongbu HiTek Targets European Semiconductor Market

August 24, 2010 12:23 pm | by PowerPulse.net | Comments

Dongbu HiTek announced that it has kicked off its strategy to expand its European presence by opening a sales office in Nice, France with plans to open another in Milan, Italy later this year....

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Timeline: Microsoft, Yahoo's road to partnership

August 24, 2010 12:05 pm | by The Associated Press | Comments

A chronology of key events leading to Microsoft Corp.'s deal with rival Yahoo Inc.:Feb. 1, 2008: After more than two years of talks and speculation, Microsoft makes unsolicited offer to buy Yahoo for $31 per share, or $44.6 billion.Feb. 3: Google Inc.'s top lawyer says the buyout could hurt Web...

General Dynamics receives $61.8M Army contract

August 24, 2010 11:07 am | by The Associated Press | Comments

Defense contractor General Dynamics said Tuesday its information technology unit received a $61.8 million contract to support the Army's operational intelligence force.The company will provide help-desk management, network administration, and software and network maintenance, among other tasks,...

Microsoft now fueling Yahoo's search engine

August 24, 2010 11:06 am | by The Associated Press | Comments

Microsoft is now powering the search engine on Yahoo's website in the U.S. and Canada.Yahoo Inc.'s shift to Microsoft Corp.'s technology is part of a partnership aimed at undercutting Google Inc.'s dominance of the search market. The two companies completed the transition Tuesday, 13 months...

Best Buy names new design leader

August 24, 2010 11:05 am | by The Associated Press | Comments

Best Buy Co. Inc. has named Aura Oslapas senior vice president and chief design officer to lead the retailer's design and brand identity worldwide.Oslapas, 53, will assume her new role on Sept. 15, the company said Tuesday.She comes to Best Buy from A+O Design methods, a boutique design agency...

LEDs promise brighter future, not necessarily greener

August 24, 2010 10:22 am | by EurekAlert | Comments

(DOE/Sandia National Laboratories) Solid-state lighting pioneers long have held that replacing the inefficient Edison light bulb with more efficient solid-state light-emitting devices (LEDs) would lower electrical usage worldwide, not only "greenly" decreasing the need for new power...

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Yale Researcher Joins Vice President Joseph Biden to Unveil Report on Recovery Act

August 24, 2010 10:22 am | by Yale UniversityYale University | Comments

Nenad Sestan, associate professor of neurobiology at Yale, was at the White House on Tuesday, August 24 to...

RadioShack announces $300M accelerated buyback

August 24, 2010 10:05 am | by The Associated Press | Comments

RadioShack Corp. said Tuesday that it will buy back $300 million of its common stock as part of an accelerated share repurchase agreement.The retailer said the agreement, with Bank of America and Wells Fargo Bank, is being made under a previous $500 million share repurchase program.The company...

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