Texas News
Whole Foods reports 26% rise in 3Q profit; beats analyst’ expectations
Reporting its results for the latest fiscal quarter on Tuesday, the Austin, Texas-based organic and natural foods grocer Whole Foods Markets Inc. said that its quarterly profit and revenue had shown an increase.
Dell says IT demand stabilizing; to post sequential increase in Q2 sales
In what can be termed as a 'mixed' message to the investors, the Round Rock, Texas-based, world's second ranking computer seller, Dell Inc has said that while the stabilizing demand would bring about a sequential increase in sales in the ongoing quarter, there would be a "modest" decline in the profitability of the company.
Oil veteran Pickens puts on hold the plans for mega wind farm in Texas
Citing tight credit markets and low natural gas prices, the renowned oil veteran, T. Boone Pickens, form Texas, has temporarily put on hold his plans of building the world’s biggest - 4,000-megawatt - wind farm in the Texas Panhandle.
US regulators close seven banks – six in Illinois, one in Texas
The Thursday closing of seven US banks by the federal regulators brings the total number of banks closed thus far this year to a whopping 52 – which is more than two times the figure of 25 bank closures in 2008, and strikingly more than the 3 banks closures in 2007!
Dell developing pocket-size, Android-based, Internet device
According to a Monday report from the Wall Street Journal, a pocket-size Internet device is currently under development at Dell. The touchscreen gadget, based on Google's Android operating system, would likely be Dell's offering against the Apple iPod Touch.
Palm Pre trying to pull alongside demand; fourth patch for the software released!
According to Charter Equity Research analyst Ed Snyder, Palm Pre is trying to pull itself alongside the smartphone's demand! While the initial, limited stock of 120,000 units was sold in a few post-launch days; Snyder says there were over 300,000 Pre sales into the channel in June.
Reports about ‘overheating’ of recently-launched iPhone 3GS
Going by the reports that first made rounds at French site Nowhereelse.com, and circulated at US gadget sites like Engadget and Gizmodo, a few owners of the recently-launched Apple iPhone 3GS have complained about the overheating of the device.
Comcast launches wireless Internet services in some US cities
With the Tuesday launch of its wireless Internet services in Portland, Ore.; Baltimore and Atlanta; US’ leading cable operator Comcast makes its mark as the first TV operator to roll out wireless broadband outside of Wi-Fi hotspots. The Comcast wireless service would make the surfing of the Web possible only on the laptops, not the other mobile devices.
Ford’s second upward revision of Q3 US production targets
Ford Motor Co’s strategy to gain market share from the bankruptcy-plagued, government-backed domestic competitors - General Motors Corp. and Chrysler Group - appears to have clicked! Going by the recent statistics, the automaker Monday said that it had boosted its third-quarter US production targets for the second time.
Texas jury orders Abbott to pay a J&J unit $1.67 billion for patent infringement
In the largest-ever patent ruling in the US, a federal jury in Texas ordered a $1.67 billion payment by Abbott Laboratories to a Johnson & Johnson unit – Centocor Ortho Biotech Inc. - for infringing upon its patent on arthritis treatment, Remicade. The patent is co-owned with New York University.
IntelliGender’s new over-the-counter product - “Boy or Girl Gender Prediction Test”
The Plano, Texas-based company, IntelliGender, has created a singular, over-the-counter product - the "Boy or Girl Gender Prediction Test"! With the help of the new prediction test, couples can find out the gender of the baby-to-be-born in as early as ten weeks after pregnancy, as against the earlier nearly twenty-week duration required for knowing the baby's gender.
Texas court decides in favor of TiVo in its patent infringement case against EchoStar
A Texas federal judge's Tuesday ruling, in the much-prolonged legal patent infringement lawsuit by set-top box maker TiVo Inc against the satellite TV provider EchoStar Communications Corp, has gone TiVo's way!
JC Penney’s Q1 profit plunges 79% on ‘hefty’ pension expense
The mid-priced department store chain JC Penney Co Inc Friday announced a monstrous 79 percent plunge in its first-quarter profit, citing a ‘hefty’ -$114 million - pension expense. The Plano, Texas-based retailer said that even though its quarterly results surpassed analysts’ estimates, it would likely miss the full-year forecast by Wall Street.
Medtronic’s to commence first lot of 1,400 recruitments for new diabetes center
In its endeavor to expand its growing diabetes business, the Minneapolis-based medical device maker Medtronic Inc. intends making 1,400 job-additions in the coming five-year period, at its new San Antonio, Texas-based customer support facility, scheduled to open late this summer.
AT&T-Verizon $2.35 billion deal for Verizon’s 79 rural territories
The recent AT&T-Verizon $2.35-billion-cash deal will result in AT&T's acquisition of Verizon's wireless assets in 79 rural territories of Colorado and 17 other states. As a result, nearly 1.5 million Verizon subscribers will now need new phones to be shifted to the network of AT&T - the country's biggest telecommunications company.
Space shuttle Atlantis “all set” for take-off to Hubble; crew arrives from Houston
With the space shuttle Atlantis “all set” for its scheduled Monday afternoon take-off, the countdown for NASA’s final servicing trip to the Hubble Space Telescope – which has not had any ‘visitor’ in the past seven years – has begun at Florida’s Kennedy Space Center!
e-book software maker Lexcycle acquired by Amazon.com
The Austin, Texas-based e-book software maker Lexcycle - well-known for its iPhone e-reading application 'Stanza' - has been acquired by the online book seller Amazon. com. While both Lexcycle and Amazon are competitors in the e-book reading software market for the iPhone, Lexcycle will, for the time being, operate as an autonomous subsidiary.
Vaccine for Swine Flu could take Months to Develop
Swine flu is very much in everyone's mind these days and federal scientists have said that although they have "seed stock" of the virus available with them to develop a swine flu vaccine they have many questions unanswered before they can get to the job.
Swine Flu Detected in Seven People
The U. S. Centers for Disease Control and Prevention reported on Thursday that seven people have been diagnosed with a flu that combines pig, bird and human viruses in California and Texas.
Washington News
Texas News
- Whole Foods reports 26% rise in 3Q profit; beats analyst’ expectations
- Dell says IT demand stabilizing; to post sequential increase in Q2 sales
- Oil veteran Pickens puts on hold the plans for mega wind farm in Texas
- US regulators close seven banks – six in Illinois, one in Texas
- Dell developing pocket-size, Android-based, Internet device
India News
- Naval Chief says investigation of North Korean ship is going on
- Buy Siemens Ltd For Long Term: Abhishek Jain, Stocksidea.com
- MJ had lethal amount of anaesthetic in system, says leaked autopsy report
- India relaunches auction of areas for oil and natural gas exploration
- Manmohan Singh assures states of support in tackling drought
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