Business Tech

Tesla repays government loan early, a boost for electric cars

In what could be viewed as a shot in the arm for U.S.-made electric cars, Tesla has repaid a government loan nine years early.

"Today, Tesla Automotive repaid the entire remaining balance on a $465 million loan from the Department of Energy nine years earlier than originally required," the U.S. Department of Energy said in a statement Wednesday.

That clean-energy loan was made in 2010.

And the U.S. energy secretary, Ernest Moniz, seemed to address critics of clean energy loans while trumpeting the success of Tesla.

"When you're talking about cutting-edge clean … Read more

HP CEO talks Android, not Windows 8

Hewlett-Packard CEO Meg Whitman had a lot more to say about the company's new Android products than she did about Windows 8 during HP's second-quarter earnings conference call.

Whitman's remarks hinted at HP's newfound affinity for new operating systems, which includes Android of course.

"Using multiple operating systems, multiple architectures, and multiple form factors, we are moving quickly to product the devices that customers want," she said.

Then she proceeded to talk about new Android devices, with no mention of Windows 8.

"Following the launch of our first Chromebook in February, we launched … Read more

HP's Q2 revenue slips, but Whitman looks ahead

Leading up to Hewlett-Packard's second-quarter earnings report after the bell on Wednesday, analysts were expecting a mixed bag.

They got one.

The tech giant reported earnings of $1.1 billion, or 55 cents per share. Non-GAAP earnings were 87 cents per share on a revenue of $27.6 billion.

Wall Street was expecting earnings of 81 cents a share on revenue of $28 billion for the second quarter.

Out of the six core segments highlighted in the second quarter report, only the software group posted a positive revenue mark as the support team was up by 12 percent annually. … Read more

Laptops equipped with touch screens on the rise, IHS says

In response to falling prices, nearly 25 percent of all laptops should have touch screens by 2016, IHS said Wednesday.

Windows 8 is the first version of Microsoft's popular operating system that works well with touch. The technology has been promising, and many companies have vowed to make more products with touch screens. But so far, high pricing and low supply have limited the number of touch-based PCs on the market.

IHS said global shipments of notebooks equipped with touch screens should jump to 78 million units in 2016, up from 4.6 million in 2012. This year alone, … Read more

Clearwire board OKs Sprint's revised, $3.40/share bid

Just a day after Sprint upped its bid to acquire Clearwire, the latter's board has said that it's the right deal for the company.

In a statement released Wednesday, Clearwire's board announced that it has approved the new deal with Sprint. The board has also asked shareholders to vote in favor of the acquisition when they meet to place their ballots on May 31.

Sprint made a surprising announcement Tuesday, saying that it would up its initial offer to buy the remaining 50 percent of Clearwire that it doesn't own from $2.97 per share to $… Read more

Chrome gets a touch faster

Already known for its speed, Google just boosted Chrome's Web site rendering speed by another 5 percent.

The latest stable release of the browser, Chrome 27 (download for Windows, Mac, or Linux), received the small improvement by managing its resources better. To boil down the jargon, the browser's internal resource scheduler now favors more critical resources over preloaded sites.

Chrome engineer James Simonsen wrote in the company's blog announcing the update Tuesday that, across the hundreds of millions of people using Chrome, the amount of time saved equals around 510 years-per-week. But what we're really talking … Read more

Mike Bell to lead Intel's 'new devices' unit

Former Apple and Palm executive Mike Bell has been picked by Intel to steer the company's newly-formed new devices division.

AllThingsD is reporting that Bell, previously the co-leader of Intel's mobile chip group, will be focusing on "ultra-mobile" products.

The move comes as part of a bigger internal Intel organizational juggling by the company's new CEO Brian Krzanich. Hermann Eul, Bell's co-leader of the mobile chip unit, will now be running the unit solo.

Despite its 2011 purchase of Infineon to get into the mobile chip market, and the inclusion of Intel's Atom … Read more

Xbox 360 games won't work with the Xbox One

Microsoft on Tuesday unveiled its newest gaming console, the Xbox One, with a slew of new capabilities. But one thing it won't do is play Xbox 360 games.

Because the new gaming system has a different chip architecture -- Advanced Micro Devices' x86 instead of IBM's PowerPC -- the Xbox One won't have native compatibility with 360 games. It's unclear at this time whether Microsoft will create a solution for that, such as making some of the more popular games compatible through emulation or allowing users to access older titles through a cloud-streaming system. But it … Read more

Sprint ups bid on Clearwire to $3.40 per share to outdo Dish

Sprint has decided that it doesn't want to let Clearwire out of its sights.

The company on Tuesday announced that it has revised its $2.97-per-share offer for Clearwire to $3.40 per share. The increased offer represents a 14 percent increase from Sprint's previous offer, valuing Clearwire at $10.7 billion. More importantly, it's 10 cents higher than the $3.30-per-share offer made by Dish.

Sprint already owns about 50 percent of Clearwire. The company had previously said that its offer was superior to the one Dish brought to Clearwire earlier this year, and Clearwire's board agreed. … Read more

Apple still world's most valuable global brand, says report

Apple has again been crowned the most valuable global brand in the annual BrandZ report.

Released Tuesday, Millward Brown Optimor's 2013 BrandZ report pegs Apple with a brand value of $185 billion, up from $183 billion last year. Based on financial data and the opinions of potential and current buyers, Apple retained its top rank in spite of the thrashing suffered by its stock over the past several months.

"Despite a more competitive marketplace and other challengers nipping at its heels, Apple's ability to maintain its No.1 position demonstrates the value that having a strong brand … Read more