The international space station has captured the Dragon capsule, making Space Exploration Technologies (SpaceX) the first private company to launch its own spacecraft to be captured by the station’s robotic arm.
The Senate on Tuesday failed to advance a bill to keep federally subsidized college student loan rates lower for another year, prolonging debate on an issue that has emerged as an election-year flashpoint.
On a party-line vote, senators voted 52 to 45, short of the 60 votes necessary to proceed to debate on the bill.
U.S. Economy Added 115,000 Jobs in April; Unemployment Rate Dips to 8.1%
The United States had another month of mediocre job growth in April, the Labor Department said Friday.
The nation’s employers added 115,000 positions, fewer than economists had been predicting. The unemployment rate ticked down to 8.1 percent in April, from 8.2 percent in March.
Facebook on Thursday (May 3, 2012 — 3:51 PM ET) set the estimated price for its initial public offering at $28 to $35 a share, according to a revised prospectus. At the midpoint of the range, the social networking company is on track to raise $10.6 billion, in a debut that could value the company at $86 billion.
The United States economy added a relatively weak 120,000 jobs in March, and the unemployment rate dipped to 8.2 percent from 8.3 percent, the Labor Department said on Friday.
Many economists had expected March to be the fourth consecutive month of solid employment growth, with the addition of more than 200,000 jobs. In the week leading up to the government report, statistics suggested that hiring was picking up pace.
Apple is finally putting its cash hoard to work, introducing a quarterly dividend of $2.65 per share and starting a $10 billion share buyback program.
Apple says the dividend will start in its fiscal fourth quarter, which begins July 1. The buybacks will begin in its next fiscal year, which starts Sept. 30, 2012
U.S. employers continued the stronger pace of hiring last month, but the overall job market is not out of the woods yet.
Employers added 227,000 jobs in February, the U.S. Labor Department reported Friday. Meanwhile, the unemployment rate remained at 8.3%.
Economists surveyed earlier by CNNMoney had predicted that 210,000 jobs would be added in the month.
In the last year, the economy has gained about 2 million jobs but still needs about 5.6 million more jobs to return to 2008 levels.
Apple chief executive Steve Cook introduced the next generation of the tech giant’s iPad tablet to the world Wednesday in a keynote speech in San Francisco. The new version will be available March 16, and pre-orders start Wednesday, with a $499 entry price.
The price and the screen size won’t change for Apple’s new iPad, but the updated tablet will now have the high-resolution retina display of the iPhone 4 and 4G wireless capability, the company announced.
Federal Reserve Chairman Ben S. Bernanke warned on Wednesday that the economy is likely to grow slowly and unemployment is likely to remain high in coming years despite recent bright spots in economic data.
In prepared testimony to U.S. Congress, Bernanke acknowledged that the unemployment rate—now at 8.3 percent—has come down faster than anticipated. But he said several factors are likely to weigh on the economy. Bernanke noted that people’s earnings are not increasing, that borrowers are having trouble getting loans, state and local governments are continuing to lay off workers, and continuing challenges from abroad, particularly Europe.
February 29, 2012
REVIEW | Something incredibly exciting just happened in technology. No, it’s not a new iPhone or iPad, a new TV or the latest Android device.
It’s a new kind of camera called the Lytro that takes pictures in a way that no other camera ever has. The innovation behind this gadget is Light Field photography, and the company that makes the camera, also named Lytro, calls it “the first major change in photography since photography was invented.”
