Alibaba earnings leap on cusp of stock market debut
New York (AFP) Aug 27, 2014 -
Just weeks ahead of its expected debut on the New York Stock Exchange, Chinese Internet colossus Alibaba reported that its quarterly profit nearly tripled on surging revenue.
Alibaba Group made a profit of nearly $2 billion on revenue of $2.5 billion in the quarter ending June 30 according to updated documents filed with the US Securities and Exchange Commission.
Revenue rose 46 percent ...
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Eyes on Apple for 'next big thing' on Sept. 9
San Francisco (AFP) Aug 28, 2014 -
Apple gadget lovers hungered for the "next big thing" on Thursday after the iconic company fired off invites to a mystery unveiling on Sept. 9.
Fueling rampant speculation regarding what the company has in store was the fact that the event will be held in the same performing arts center in Silicon Valley where late Apple co-founder Steve Jobs introduced the Macintosh computer in 1984.
Fl ...
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Iran modifies Arak reactor over nuclear concerns
Tehran (AFP) Aug 27, 2014 -
Iran said Wednesday it has started to modify its Arak heavy water reactor and limit plutonium output, a cause of Western concerns over the country's nuclear programme.
"Modification of the heart of the Arak reactor is in the process of being carried out by our experts ... to ease the worries of certain countries," said Ali Akbar Salehi, who heads Iran's nuclear programme, quoted by ISNA news ...
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Minnesota Power, National Guard in solar energy deal
Little Falls, Minn. (UPI) Aug 27, 2014 -
A solar energy array is in the works for a training facility of the Minnesota National Guard through a project with Minnesota Power, a division of ALLETE Inc.
The 10-megawatt utility-scale solar energy array - comprised of photovoltaic panels on racks - at Camp Ripley would cover nearly 100 acres of the 53,000-acre facility.
"To provide cleaner energy forms is the mission, and ...
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Hungary strives to be central Europe's start-up capital by 2020
Budapest (AFP) Aug 27, 2014 -
From a sleek, modern office in the middle of Budapest's old town, Ustream provides live video streaming to clients such as Samsung and Sony.
Nearby, Prezi has created a zooming presentation tool that even U2 singer Bono used last year for a talk on global poverty.
These are just two of about 200 start-ups which have sprung up in Hungary in recent years, with the government pushing for ...
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MH370 may have turned south 'earlier' than thought
Canberra (AFP) Aug 28, 2014 -
The hunt for missing Malaysia Airlines Flight MH370 will focus on the southern part of the existing search zone after a new clue to the plane's possible location emerged, Australia said on Thursday.
Fresh information suggested the jet "may have turned south" earlier than thought, Deputy Prime Minister Warren Truss said.
The detail came to light following "further refinement" of satellite ...
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US judge rejects Apple bid to ban Samsung smartphones
San Francisco (AFP) Aug 27, 2014 -
A judge on Wednesday rejected a bid by Apple to ban US sales of rival Samsung smartphones targeted in a recent $2 billion patent trial in Silicon Valley.
The decision was seen as a setback for Apple in its long-running battle with Samsung over features built into Android-powered mobile devices that compete worldwide with iPhones and iPads.
The California-based Apple requested an injuncti ...
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