2007-04
14 07:27:41China launches fifth satellite in its global positioning system - state media
BEIJING (XFN-ASIA) - China launched the fifth satellite in its ambitious 'Compass' global satellite positioning system, the latest effort in the nation's fast developing space program, state media reported.
2007-04
14 05:46:58Hitachi to boost output of routers, other telecom gear - report
TOKYO (XFN-ASIA) - Hitachi Ltd plans to ramp up production of networking equipment, servers and other communications devices in anticipation of strong second-half demand for next-generation telecommunications networks (NGNs), the Nihon Keizai Shimbun reported.
2007-04
14 04:05:00Researchers explore scrapping Internet
NEW YORK (AP) - Although it has already taken nearly four decades to get this far in building the Internet, some university researchers with the federal government's blessing want to scrap all that and start over.
2007-04
14 03:34:37Nacchio deliberations to resume Monday
DENVER (AP) - Jurors deliberated a second day in the $101 million insider trading trial of former Qwest Communications chief executive Joe Nacchio before being dismissed for the weekend.
2007-04
13 23:25:02Icahn steps up Motorola proxy fight
CHICAGO (AP) - Billionaire investor activist Carl Icahn stepped up his battle to win a seat on Motorola Inc.'s board, telling shareholders in a letter released Friday that the 'passive and reactive' current directors are partly to blame for the company's problems.
2007-04
13 23:16:51Dow closes up 59, Nasdaq finishes up 12
NEW YORK (AP) - Wall Street closed out a bumpy week with a moderate gain Friday as investors, heartened by new inflation data, bought optimistically ahead of next week's rush of earnings releases. The Dow Jones industrials had their 11th advance in 12 sessions, and all the major indexes closed out the week higher.