Enlarge image Pentagon, Congress Disagree on the Price of U.S. Military A U.S. soldier stands next to a line of military vehicles during a ceremony on the outskirts of Kabul. Photo: Massoud Hossaini/AFP via Getty Images A U.S. soldier stands next to a line of military vehicles during a ceremony on the outskirts of Kabul. Photo: Massoud Hossaini/AFP via Getty Images Republicans and President Barack Obama are squaring off again over federal spending, only this time the president wants to cut it and the Republicans want to increase it. As a Senate committee begins work today on a bill authorizing next year’s military budget, White House officials have threatened a veto of anything resembling a measure passed by the House last week that would add ... Continue reading →
SpaceX The Dragon capsule, developed and built by Hawthorne-based SpaceX. On Saturday, it will be launched in the first-ever private mission to service the International Space Station. Just for sake of argument, let's say Facebook's highly touted IPO was a flop, priced at $38 a share and closing just 23 cents above that figure. There's another California company that's staging a big event this weekend, and it has nothing to do with Wall Street. It may wind up being remembered for far longer. On Saturday, before dawn at the Kennedy Space Center in Florida, the L.A.-area's own SpaceX will launch a rocket tipped with a capsule designed to perform a service mission for the International Space Station. This marks this first time a private company ... Continue reading →
Nissan Boosts U.S. Altima Capacity to Challenge Toyota By Alan Ohnsman - Wed May 16 18:20:25 GMT 2012 May 14 (Bloomberg) -- Nissan Motor Co. Chief Executive Officer Carlos Ghosn talks about the company's business strategy and growth outlook. Ghosn, who is also CEO of Renault SA, also discusses a plan by the Renault-Nissan alliance to form a joint venture with Russian Technologies Corp. to become the largest shareholder in OAO AvtoVAZ, Russia’s biggest automaker. Ghosn spoke with Bloomberg's Anna Mukai at Nissan's headquarters in Yokohama, Japan, on May 11. (Source: Bloomberg) Nissan Motor Co. (7201) said it plans to run three daily assembly shifts at U.S. plants building a revamped Altima, as the company tries to challenge Toyota Motor Corp. (7203)’s Camry, the top-selling ... Continue reading →