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Students from Huai’an in Jiangsu Province were driven to a factory in the city run by Taiwan’s Foxconn Technology Company after the plant couldn’t find sufficient workers for the production of Apple’s much-anticipated iPhone 5, they said in online posts. A student majoring in computing at the Huaiyin Institute of Technology said 200 students from her school had been driven to the factory. They started work on the production line last Thursday [...] The latest scanners acquired by the U.S. government will be able detect the most minute traces of molecular discrepancies in both individuals’ bloodstream and carry on luggage from 50 meters away. Using advanced laser technology, Picosecond Programmable Laser scanners will show traces of drugs, chemicals, weapons, and even food you recently digested at the push of a button. A non-governmental company originally developed the technology but has since partnered with the Department of Homeland [...] From Zero Hedge: Bloomberg News may be the most-read news source in the world, but as of today, it is no longer available in China. Why? According to Bloomberg TV News Editor Denise Pellegrini, all it takes is for some investigative reporting exposing the dirty laundry, or in this case the even dirtier assets of one Xi Jinping — “the man in line to be China’s next president.” In “Xi Jinping Millionaire Relations [...] FREMONT, Calif. – Mitt Romney arrived at the shuttered headquarters ofSolyndra Inc. this morning, a surprise visit that was shrouded in secrecy and part of the presumptive GOP presidential candidate’s attack on President Obama’s record on jobs creation. “The reason for keeping it quiet is because we knew if word got out that Solyndra would do everything in their power and the Obama administration would do everything in their power to [...] Bloomberg NYSE Euronext and Facebook Inc. (FB) have exchanged phone calls and e-mails about the possibility of the company switching its listing from Nasdaq OMX Group Inc. (NDAQ), according to a person familiar with the matter. Facebook, which listed on the Nasdaq Stock Market on May 18 after completing the world’s biggest initial public offering by a technology company, is listening to the New York Stock Exchange, said the person, who asked not to be named because [...] Ross Kerber
Google Inc Executive Chairman Eric Schmidt challenged college graduates on Sunday to take the radical step — at least for their generation — of tearing their eyes away from their smartphones and computer screens. “Take one hour a day and turn that thing off,” Schmidt told graduates at Boston University, where he received an honorary degree and was applauded by an audience that had grown up relying on the [...] Apple avoided paying up to $2.4billion in taxes last year through a complex strategy that funnels money to low tax states and foreign countries, according to a report. The technology giant has set up up offices in Nevada, the Netherlands, Luxembourg and the British Virgin Islands to ensure it pays a tax rate of just 9.8 per cent, the New York Times claimed. Some offices are little more than a postal address or a [...] From NYT: RENO, Nev. — Apple, the world’s most profitable technology company, doesn’t design iPhones here. It doesn’t run AppleCare customer service from this city. And it doesn’t manufacture MacBooks or iPads anywhere nearby. Yet, with a handful of employees in a small office here in Reno, Apple has done something central to its corporate strategy: it has avoided millions of dollars in taxes in California and 20 other states. Apple’s headquarters are in [...] Google now wants to ‘learn as much about people’s private lives as possible’ A former Google executive has lambasted his ex-employer in a Goldman Sachs-style rant this week – claiming that the search company has been turned into an ‘ad company’ obsessed [...] From FT: Apple is facing mounting challenges in 2012 to refresh key product lines in the face of rising competition after a year marked by record profits but also the death of its founder Steve Jobs and less dramatic design innovation. A white iPhone, white iPad and white iPod touch were the most noticeable physical changes to Apple’s products this year, although it updated its devices’ internal hardware and introduced new software [...] From Bloomberg: Apple (AAPL), the iPhone and iPad maker that has $81.6 billion in cash and investments, will probably issue a “significant” dividend next year, according to Howard Ward of Gamco Investors Inc. While the company has increased net income every year since at least 2002, Cupertino, California-based Apple hasn’t paid out cash to shareholders. The stock has jumped 53-fold since the end of 2002 after former Chief Executive Officer Steve Jobs [...] Baidu (NASDAQ: BIDU) now holds 77.7% market share by revenue and Google (NASDAQ: GOOG) 18.3% in China’s search engine market, according to 2011 Q3 data from iResearch. About one-and-a-half years ago, Google engaged in a public dispute with the Chinese government, refusing to continue censoring its search results and re-directing Chinese traffic to its Hong Kong site. In that time period, Baidu has gained 10% market share while Google has lost 11%. While [...] EXCLUSIVE: I’ve just learned that Sony Pictures is making a hefty deal to acquire feature rights to Steve Jobs, the upcoming authorized biography by former CNN chairman and Time Magazine managing editor Walter Isaacson. I’m hearing the deal is $1 million against $3 million and that Mark Gordon will be the biopic’s producer. But this will be an MG360 project, which is the movie production [...] NOW: Tune into Bloomberg Television for special live coverage of the passing of 56-year old Steve Jobs, who built the world’s most valuable technology company by creating the devices that changed how people use electronics and revolutionized the computer, music and mobile phone industries.
Bloomberg Television’s Erik Schatzker and Betty Liu will anchor live coverage from Bloomberg’s headquarters in New York, with Bloomberg editor-at-large Cory Johnson and anchor Emily Chang in [...] By Roland Jones Five years after U.S. home prices peaked, overall expectations for the nation’s housing market are still dimming, according to a survey of economists, real estate experts and investment strategists. Although some local real estate markets are stable or strong, more broadly, fundamentals in the U.S. housing market remain very weak, despite record-low interest rates, according to the results of the September 2011 home price expectations [...] ALBUQUERQUE, N.M. (AP) — New Mexico, home to several of the nation’s premier scientific, nuclear and military institutions, is planning to embark on a science project of unprecedented scale – a petri dish the size of a large U.S. city. A Washington-based technology company announced plans Tuesday to build a 20-square-mile model metropolis that would be used to test everything from [...] Google confirmed on Friday that the Federal Trade Commission had opened an antitrust investigation into its core search and advertising business. The inquiry has the potential to turn into the biggest showdown between the United States government and a major technology company since the Microsoft antitrust trial that began in the late 1990s. In a regulatory filing, Google said that a day earlier it had “received a subpoena and [...] (Reuters) – Apple has overtaken Google as the world’s most valuable brand, ending a four-year reign by the Internet search leader, according to a new study by global brands agency Millward Brown. The iPhone and iPad maker’s brand is now worth $153 billion, almost half Apple’s market capitalization, says the annual BrandZ study of the world’s top 100 brands. Apple’s portfolio of coveted consumer goods propelled [...] |
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