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US computer scientist wins Kyoto Prize

June 22, 2012 12:50 am | by The Associated Press | News | Comments

America's Ivan Sutherland has won Japan's annual Kyoto Prize for his contributions to computer graphics technology and interactive interfaces that allow people to use computers without the need for complicated programming.Sutherland, of Portland State University, was named the winner Friday in...

Nintendo to start selling 3DS with larger screens

June 21, 2012 9:50 pm | by YURI KAGEYAMA - AP Business Writer - Associated Press | News | Comments

Japanese game maker Nintendo Co. has upgraded its 3DS handheld to sport a screen nearly twice as big as the previous model amid hot competition against smartphones and tablets that are wooing people away from dedicated gaming machines.The Kyoto-based maker of the Super Mario games and Wii home...

Texas Accuses Google of Withholding Evidence

June 21, 2012 4:50 pm | by The Associated Press | News | Comments

The Texas attorney general is accusing Google of improperly withholding evidence sought in an investigation into whether the company has been abusing its dominance of Internet search.Google's refusal to hand over more than 14,500 documents prompted Texas Attorney General Greg Abbott to seek a...

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Polymet hires environmental expert as new CEO

June 21, 2012 4:50 pm | by The Associated Press | News | Comments

Polymet Mining Corp. has hired a new CEO as it works to finish environmental reviews for a proposed copper-nickel mine near Hoyt Lakes in northeastern MinnesotaPolymet spokeswoman LaTisha Gietzen tells Minnesota Public Radio (http://bit.ly/NeUhxd) that Jon Cherry is an expert in environmental...

Boeing Successfully Completes Key Reviews of Space Launch System

June 21, 2012 4:40 pm | by Boeing | News | Comments

Cryogenic stages validated by System Requirements Review, System Definition Review Heavy-lift rocket program moves into design phase HUNTSVILLE, Ala., June 21, 2012 -- Boeing [NYSE: BA] last week successfully completed its first major technical reviews for the cryogenic stages of the...

Jim McNerney Statement on John Bryson

June 21, 2012 4:40 pm | by Boeing | News | Comments

CHICAGO, June 21, 2012 -- Jim McNerney, chairman of the President's Export Council, and chairman, president and CEO of Boeing today issued the following statement regarding John Bryson:

Key Energy lowers outlook

June 21, 2012 3:50 pm | by The Associated Press | News | Comments

Key Energy Services Inc. lowered its second-quarter and full-year forecasts on Thursday, citing softer-than-expected revenue in the U.S. The news sent shares of the Houston-based oil rig servicer's down sharply.The company now expects second-quarter earnings from continuing operations of 18...

AIG cuts a division heads pay by $1 million

June 21, 2012 3:50 pm | by The Associated Press | News | Comments

Insurance giant American International Group Inc. said Thursday it has docked $1 million from the annual pay of the executive leading its aircraft leasing division because of a personal relationship he had with a subordinate.AIG also created a new executive chairman position for the division,...

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NYT adds tech heavyweights Ito, McAndrews to board

June 21, 2012 3:50 pm | by The Associated Press | News | Comments

The New York Times Co. is adding two technology heavyweights to its board of directors: Joichi Ito, an early investor in Twitter, Flickr and Kickstarter, and Brian McAndrews, a venture capitalist who specializes in funding technology start-up companies.The newspaper company is in the midst of a...

Judge delays ruling on American Airlines contracts

June 21, 2012 3:50 pm | by DAVID KOENIG - AP Airlines Writer - Associated Press | News | Comments

American Airlines says a federal bankruptcy judge has delayed a ruling scheduled for Friday on whether it can break its contracts with unions and impose cost-cutting steps including layoffs.Federal Judge Sean Lane in New York postponed a decision until June 29.The one-week delay gives the...

Government: Apple's Trying to Rush Antitrust Case

June 21, 2012 2:50 pm | by The Associated Press | News | Comments

The U.S. government says Apple Inc. wants to rush its New York antitrust lawsuit over the price of electronic books by finishing evidence gathering by year's end.The government said in a letter filed in federal court in Manhattan on Thursday that it wants until March to finish gathering facts...

Monster Beverage will be added to S & P 500

June 21, 2012 2:50 pm | by The Associated Press | News | Comments

Standard & Poor's said Thursday that Monster Beverage Corp. will replace Sara Lee Corp. on the S&P 500 Index starting June 28.Sara Lee is splitting itself into two publicly traded companies, separating its North American business from its international beverage business.Alexander & Baldwin Inc....

Harvest Natural Resources sells stake in Venezuela

June 21, 2012 2:50 pm | by The Associated Press | News | Comments

Harvest Natural Resources Inc. announced Thursday that it is selling its interests in Venezuela to the national oil company of Indonesia for $725 million cash through a shared purchase agreement.The news sent shares of Harvest soaring in after-hours trading.Under the arrangement, PT Pertamina...

FDA denies expanded approval of J & J blood thinner

June 21, 2012 2:50 pm | by The Associated Press | News | Comments

Federal regulators have denied Johnson & Johnson's request to expand approval of its blood thinner Xarelto (ZAR-el-toh) for a new use to prevent life-threatening blood clots in high-risk patients.J&J said Thursday the Food and Drug Administration responded to the company's request with...

Key events in the history of Tesla Motors

June 21, 2012 2:50 pm | by The Associated Press | News | Comments

Electric-car maker Tesla Motors will start to deliver its new Model S sedan to customers Friday. Here are some key events in the company's history.July 2003 — Tesla Motors is founded in California by Martin Eberhard and Marc Tarpenning.April 2004 — Billionaire PayPal founder Elon Musk invests in...

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