A lack of innovation on the part of American companies is one of the biggest reasons behind the economy's struggles, or so argues Michael Mandel, the former chief economist at Business Week. And according to a National Science Foundation study, a mere 9 percent of American companies are committed to "innovating.
It appears as if planned space tourism flights will be future entertainment options for the super wealthy. Virgin Galactic and Boeing are currently working to make these tourism flights a reality. One man has even bought three tickets for a yet-to-be-planned Virgin Galactic flight, for a cool $200,000 apiece, signifying that he feels the flights will be safe and successful endeavors.
The Massachusetts Institute Of Technology Media Lab has researched and developed some pretty impressive technological innovations in their 25-year history. Here are some of examples of products they've worked on in the past and are working to create in the future, including a fold-up car. It's just another example of what can happen when enterprises put smart, forward-thinking, and creative people to work for them.
NEW YORK (AP) — Google is investing in an extensive network of deepwater transmission lines worth billions for future wind farms off the East Coast, the company said Tuesday. The transmission lines, which could cost up to $5 billion over the next 10 years, would run as far as 20 miles (32 kilometers) offshore from Virginia to New Jersey.
SHANGHAI (AP) — Powerful business interests in China and Hong Kong have effectively blocked recent labor reforms, raising the likelihood of further bouts of wildcat strikes and other unrest, a report said Wednesday. The China Labor Bulletin, a Hong Kong-based group that monitors labor conditions in China, said Hong Kong business leaders recently helped block proposed legislation in neighboring Guangdong province that would have enabled workers to initiate and join in collective bargaining with management.
WICHITA, Kan. (AP) — Hawker Beechcraft has offered its machinists a seven-year contract offer that includes a 10 percent pay cut and other concessions in a move to keep the majority of its 6,000 jobs in Kansas. The airplane maker's union recommended early Wednesday that its members accept the contract to protect two-thirds of the remaining machinists jobs for the long-term.
SAN FRANCISCO (AP) — Investors were hoping for a sign from Intel Corp. that the bottom didn't fall out of the consumer personal computer market in the third quarter. The company showed Tuesday that the market held up reasonably well and should stay steady into the all-important holiday shopping season.
LONDON (AP) — British government computer networks are targeted by some 1,000 attacks a month, one of the country's top spies said in comments published Wednesday, adding that officials may consider investing in using cyberwarfare techniques to deter their online enemies. GCHQ Director Iain Lobban told an audience of officials and academics in London that malicious software aimed at the U.
GREER, S.C. (AP) — BMW Manufacturing Co. says it will use hydrogen fuel cells to power material-handling equipment in its new South Carolina assembly facility where the BMW X3 is made. The company said in a news release Monday that the only byproduct of the fuel cells is heat and water, making it an efficient and environmentally friendly option.
Laser-driven gas analysis for molecular process control spurred a relatively new technological trend that has had a major effect on the manufacturing industry, particularly semiconductor fabrication, industrial gas production, and High Brightness LEDs. Ease of implementation, low cost of ownership, and the technology’s level of cleanliness have made it a very attractive option for these manufacturers.
By combining traditional candy-making with state of the art automation, Wolfgang Candy Company has kept its production line up-to-speed with its rapidly expanding business. Wolfgang Candy officially opened for business in York, PA in 1921, but the Wolfgang family’s candy-making began decades earlier when the Wolfgang brothers opened the first Wolfgang Candy Factory in the late 1890s.
After several years of underwhelming sales of phones based on Microsoft's Windows Mobile software, the tech giant is beginning anew — with a completely new operating system for phones. The new handsets will go up against Apple Inc.'s iPhone and the ever-growing number of phones running on Google Inc.
TOKYO (AP) — Japanese officials said Tuesday they have not seen any easing of China's de facto ban on exports of rare earth minerals — crucial for advanced manufacturing — despite a thaw in tensions over a territorial row between the two Asian powers. China has denied that it has halted exports of the materials.
SAN FRANCISCO (AP) — Hewlett-Packard Co.'s new CEO will start his job in a courtroom — and in the crosshairs of HP's new antagonist, Oracle Corp. Court documents show that Leo Apotheker is being called as a witness in Oracle's corporate espionage trial against rival SAP AG, Apotheker's employer of more than 20 years.
WASHINGTON (AP) — Apple Inc. plans to make a version of its popular iPhone 4 available through Verizon Wireless by early next year, according to a published report. The iPhone is now available only through AT&T Inc. Adding Verizon Wireless, the nation's largest mobile phone operator, could significantly boost sales of Apple's phones, which face rising competition from smartphones that use Google Inc.