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IBM authorizes $10B stock buyback

October 26, 2010 7:05 am | by The Associated Press | Comments

IBM Corp. on Tuesday said its board approved an additional $10 billion in stock buybacks, representing nearly 6 percent of the computer company's outstanding shares.IBM says the new buyback authorization adds to $2.3 billion remaining from a previous $8 billion authorization, issued in...

Eglin completes second alternate fuel test

October 26, 2010 5:52 am | by Chrissy Cuttita, Eglin Air Force Base Public Affairs | Comments

Specialists at Eglin Air Force Base conducted their second aircraft performance evaluation using an environmentally-friendly, biomass-derived fuel, this time with an F-15 Eagle. The jet flew at a variety of flight conditions, achieved supersonic speeds, and landed with no issues, though it was powered with a hydro-processed renewable jet blend fuel Oct. 22...

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Lexmark CEO Curlander retiring, Rooke to succeed

October 26, 2010 5:05 am | by The Associated Press | Comments

Paul J. Curlander, the chairman and CEO of Lexmark International Inc., plans to retire next spring, the printer and copier maker said Tuesday.Curlander, 57, is being replaced by Paul Rooke, who is now the company's president and CEO. Curlander, who was CEO for 12 years, will stay on as...

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Nissan introduces luxury hybrid, doubles mileage

October 25, 2010 8:05 pm | by YURI KAGEYAMA - AP Business Writer - Associated Press | Comments

Nissan is playing catchup with Japanese rivals Toyota and Honda in introducing its own hybrid car, the luxury Infiniti M, which delivers double the mileage of the gasoline-engine version.Nissan Motor Co. showed the new gas-electric hybrid, called Fuga in Japan, Tuesday at its headquarters in...

Kratos subsidiary Madison Research gets contract

October 25, 2010 7:05 pm | by The Associated Press | Comments

Kratos Defense & Security Solutions Inc., a weapons and security services provider, said Monday that its Madison Research Corp. subsidiary received a five-year contract worth up to $1.6 billion to supply the U.S. Missile Defense Agency with engineering support services.Madison, which is Kratos'...

Jeffries downgrades Ansys, predicts slow growth

October 25, 2010 6:05 pm | by The Associated Press | Comments

A Jeffries analyst downgraded shares of Ansys Inc., maker of engineering simulation software, to "Hold" from "Buy" on Monday, predicting that non-aggressive hiring as well as a transition in the kinds of products Ansys sells will lead to slow, modest growth.The firm's downgrade suggests that it...

Take-Two Interactive Software changes fiscal year

October 25, 2010 5:06 pm | by The Associated Press | Comments

Take-Two Interactive Software Inc. said Monday that it is changing its fiscal year to end March 31 instead of Oct. 31 to align its financial reporting more closely with the seasonality of its business and make it easier to compare Take Two's results with those of its peers.Within 60 days of...

Digital River net income down in 3Q

October 25, 2010 5:05 pm | by The Associated Press | Comments

Digital River Inc. reported a dip in its third-quarter net income on Monday, but the e-commerce services provider issued stronger-than-expected guidance that sent its shares up in after-hours trading.The company reported that it earned $5.9 million, or 15 cents per share for the quarter. That's...

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Researchers find a stable way to store the sun's heat

October 25, 2010 2:23 pm | by EurekAlert | Comments

(Massachusetts Institute of Technology) Researchers at MIT have revealed exactly how a molecule called fulvalene diruthenium, which was discovered in 1996, works to store and release heat on demand. This understanding, reported in a paper published on Oct. 20 in the journal Angewandte...

Tesla upbeat on Japan business, opens showroom

October 25, 2010 2:20 pm | by The Associated Press | Comments

Tesla, the U.S. maker of electric sportscars, opened its first Asian showroom Monday in a fashionable Tokyo neighborhood, hoping to woo rich buyers before eventually widening its appeal with cheaper models....

TI 3Q earnings up 60 pct, sees slowdown in 4Q

October 25, 2010 2:20 pm | by The Associated Press | Comments

Chip-maker Texas Instruments Inc. said Monday that third-quarter income soared 60 percent as it continued to satisfy pent-up demand after the recession, but the company expects things to cool down for the rest of the year, as consumer demand is tepid....

A Walkman Obit: Remembering the portable player

October 25, 2010 2:20 pm | by The Associated Press | Comments

The Walkman, the Sony cassette device that forever changed music listening before becoming outdated by digital MP3 players and iPods, has died. It was 31 years old....

EPRI Assesses Smart Inverters to Provide Optimized Volt/Var Support for PV Integration

October 25, 2010 12:22 pm | by PowerPulse.net | Comments

The Electric Power Research Institute (EPRI) has launched a collaborative initiative to develop standard functions and a standard language for grid integration of smart solar and storage inverters. To move this forward, EPRI is...

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National Semi & Suntech Collaborate to Develop Smart Panel Technology

October 25, 2010 12:21 pm | by PowerPulse.net | Comments

National Semiconductor Corp. announced that it is collaborating with Suntech Power Holdings Co., Ltd. to develop "smart panel" technology, incorporating National Semiconductor’s SolarMagic™ power optimizer chipset into Suntech solar panels to improve the power...

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IEC Announces Online Smart Grid Standard Mapping Solution

October 25, 2010 12:21 pm | by PowerPulse.net | Comments

The International Electrotechnical Commission (IEC) announced that it will launch its online IEC Smart Grid Standard Mapping Solution. This multidimensional interactive tool will create a map of the smart grid and enable smart grid...

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