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A New Age Of Commercial SpaceBethesda MA (SPX) Jun 08, 2010 Space Exploration Technologies (SpaceX) successfully launched its new Falcon 9 last Friday. This was the first attempt for a new large launch system that will compete in the world marketplace providing launch services for government and commercial payloads. Unlike the two EELV systems, Atlas V and Delta IV, this vehicle was developed in an entrepreneurial environment with financial backing and direction from Elon Musk, co-founder of PayPal and now "rocket entrepreneur." Although this launch ... read more |
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Shanghai (AFP) June 7, 2010Shares in Bank of Communications fell Monday after the lender cut a planned rights issue by a fifth amid weak market sentiment and a rush by other Chinese banks to raise money. The bank, China's fifth biggest lender in terms of assets, said it aimed to raise 33.1 billion yuan (4.85 billion dollars) from the rights issue, according to statements filed with the Shanghai and Hong Kong stock exc ... more  
Taipei (AFP) June 7, 2010Taiwanese IT giant Foxconn, hit by a series of suicides, said Monday it would hike wages at its plants in the southern Chinese city of Shenzhen, a move observers said could trigger industry-wide pay rises. Foxconn, which assembles products for US-based Apple, will increase the monthly salary for its assembly line workers in Shenzhen by nearly 70 percent to 2,000 yuan (290 dollars) from Octob ... more  
Sydney (AFP) June 7, 2010Australia on Monday denied waging a campaign of vengeance against Google after launching a police probe of the web giant, a strong critic of plans for a nationwide Internet filter. Communications Minister Stephen Conroy has called chief executive Eric Schmidt's approach to privacy "a bit creepy" and accused Google of deliberately collecting private data while taking pictures for its street m ... more |
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  Cathay Pacific inks deal with Swire for maintenance firm  Australia-China trade to top 85 billion dollars: FM   Instant online solar energy quotes Solar Energy Solutions from ABC Solar |
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Space X Launches Falcon 9 On First Test FlightWashington (AFP) June 4, 2010 The privately-owned US firm SpaceX launched a rocket on its first test flight Friday, in what observers say is a milestone for the space industry and in the race to develop commercial carriers. The Falcon 9 rocket blasted off at 2:35 pm (1835 GMT) from Cape Canaveral in Florida, shortly after aborting a first attempt just a few seconds before the launch, due to an automatic computer override of the system. The first and second stage of the white, 180-foot (55-meter) tall rocket separated success ... read more |
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