Thursday, May 7, 2009

United States automobile company General Motors announced it has lost US$6 billion in the first quarter of 2009, amidst heavy declines in revenues. Not including special items, the firm said it had lost a net $5.9 billion dollars, or $9.66 per share.

In the first quarter of last year, GM had reported a loss of $381 million, or $0.67 per share. Most financial analysts had forecast the automaker’s losses to be over $6.7 billion, or $11.05 per share. GM had also reported that it had spent $10.2 billion in an effort to prevent bankruptcy. The manufacturer has received over $15 billion in bailout money from the federal government.

The company has a deadline set at June 1 to draw up a restructuring plan. If it doesn’t do so by then, it will be obliged to file for bankruptcy protection.

“We’re focusing very much on the cost side of the business but once you start losing revenues you get into a vicious circle from which you can’t recover,” said Ray Young, the chief financial officer for GM.

“We continue to see a 60-80 percent chance of a GM bankruptcy. While the GM equity today is largely uninvestable, we increasingly believe GM may emerge substantially stronger from a bankruptcy – provided the Chapter 11 process is not overly drawn out – particularly given the scope of targeted dealer cuts,” analyst Himanshu Patel said.

Thursday, March 17, 2005

Roll up displays for use in hand-held gadgets will be available for mass production by March 2007 according to co-developer Philips. Working with US based paper pioneer E-ink, Philips have developed a 13cm wide screen which is just 0.1 millimetres thick and can be rolled up so that it is only 15 millimetres in diameter.

The screen, which Philips hope to license to makers of in-car satellite navigation systems, mobile web browsers and smart phones, uses no back light and displays a monochrome image in four shades of grey as well as black and white. According to Philips the screen is able to give a “paper-like contrast”.

The screen consists of a backing layer of plastic film which contains a matrix of transistors. This is topped off with layer transparent “electronic ink” capsules and a layer of clear plastic. The capsules are approximately 50 micrometres in diameter and contain polarised black and white particles. Using the transistors, a pattern of positive and negative charge can be applied which manipulates the particles to form monochrome images.

Friday, March 28, 2008

2008 Taipei International Cycle Show (Taipei Cycle) & Taipei International Sporting Goods Show (TaiSPO) not only did a best reunion with conjunctions of the launch of Taipei World Trade Center Nangang Exhibition and the concurrent cycling race of 2008 Tour de Taiwan but also provide opportunities and benefits for sporting goods, bicycle, and athlete sports industries to establish the basis of the sourcing center in Asia and notabilities on the international cycling race.

Although the Taipei cycle was split from the TaiSPO since 1988, but the trends of sporting good industry in Taiwan changed rapidly and multiply because of modern people’s lifestyles and habits. After the “TaiSPO Innovation Award” was established since 2005, the fitness and leisure industries became popular stars as several international buyers respected on lifestyle and health.

For example, some participants participated Taipei Cycle and TaiSPO with different product lines to do several marketing on bicycle and fitness equipments, this also echoed the “Three New Movements” proposed by Giant Co., Ltd. to make a simple bicycle with multiple applications and functions. As of those facts above, Wikinews Journalist Rico Shen interviewed Ideal Bike Corporation and Gary Silva, designer of “3G Steeper” to find out the possibilities on the optimizations between two elements, fitness and bicycle.

Friday, January 15, 2010

An elderly woman who was a crossing guard or a “lollipop lady” has been killed in an accident involving a truck in Glasgow, Scotland. The woman has been identified as 59-year-old Catherine Gibson, who came from the Dennistoun district of Glasgow. At around 0850 GMT on Thursday, Gibson was assisting children in crossing a road as part of her job near St. Anne’s Primary School, located in the east side of the city. Gibson was suddenly struck by a truck and dragged underneath the wheels of the vehicle. The children being assisted witnessed the entire collision.

After the accident occurred, Gibson was transported to a hospital but died shortly afterwards. The truck driver, who is aged 64, was not injured in the crash. The vehicle itself was taken away from the scene of the accident at approximately 1200 GMT on the same day. A person working in a garage near where the accident occurred said: “There were children waiting to cross the road and they were all screaming and crying. They all ran back from where the accident had happened. She was found face down and it looked as though the lorry had driven over her shoulder. She was alive when she was found but died a short time later. It was horrific and the kids will probably need counselling.

“It could have been a case of the driver not being able to see her because the vehicle is quite high as he caught her on the passenger side. It’s not clear whether she gave him enough time to stop or whether the driver has failed to stop. It was snowing as well so that could have been a factor.”

Louise Jarvie is the head teacher of St. Anne’s Primary School. “Our thoughts and condolences are with the family at this very sad time,” she said in reference to the incident. “Support and counselling for pupils and staff will be available to anyone who needs it.”

Friday, January 12, 2007

The iPhone only made its appearance as a prototype and there have been controversies aroused.

The dispute has come up between the manufacturer of the iPhone (which was resented on Wednesday for the first time) – Apple Inc. – and a leader in network and communication systems, based in San Jose – Cisco. The company claims to possess the trademark for iPhone, and moreover, that it sells devices under the same brand through one of its divisions.

This became the reason for Cisco to file a lawsuit against Apple Inc. so that the latter would stop selling the device.

Cisco states that it has received the trademark in 2000, when the company overtook Infogear Technology Corp., which took place in 1996.

The Vice President and general counsel of the company, Mark Chandler, explained that there was no doubt about the excitement of the new device from Apple, but they should not use a trademark, which belongs to Cisco.

The iPhone developed by Cisco is a device which allows users to make phone calls over the voice over Internet protocol (VoIP).

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Saturday, September 6, 2008

New South Wales Premier, Morris Iemma quit politics on Friday after a disagreement with the governing Australian Labor Party’s dominant “Centre Unity” faction about his proposed cabinet reshuffle. The reshuffle was prompted by the resignation of Deputy Premier John Watkins and the sackings of Treasurer Michael Costa and Health Minister Reba Meagher.

The political fallout follows the botched attempt to privatise the state’s electricity industry.

The right of the Labor party was presented with a list of colleagues who the Premier wanted in and out of his reshuffled cabinet. MPs were frustrated that Joe Tripodi was not on the our list. MPs rejected Iemma’s list and demanded the chance to vote upon it. Mr Iemma then told the faction that unless they accepted his cabinet he would resign. Caucus called Iemma’s bluff and said Iemma had lost support of the party.

The party then looked to the left-wing faction of the party and Nathan Rees was appointed unanimously and unopposed, Carmel Tebbutt was appointed as the state’s deputy premier.

It is the first time in 117 years that a Premier has lost support of his own party and the first time in NSW Labor history that the party has been led by a member from the left.

Speaking to the media, Mr Iemma said he could not lead a cabinet that was not of his own choosing.

“I took what I believed to be a package of renewal, reform and refreshment, for the party, the Cabinet. That was not accepted, so I tendered my resignation.

“I wasn’t going to serve as the head of a Cabinet that was being foisted on me and I wanted change and that was not going to be possible, so I tendered my resignation.”

Following his appointment, Nathan Rees told reporters that he had been elected as Premier of NSW. “Morris Iemma resigned as premier today, I nominated for the vacancy and I was elected unanimously by the full Labor caucus,” Rees said.

“We start work today for the people of New South Wales, we start work this afternoon to deliver services to the people of New South Wales”.

Rees and Tebbutt were sworn in by Governor Marie Bashir on Friday afternoon.

Saturday, November 15, 2008

At 8:34 pm Indian time Friday night (1504 UTC), India became the fourth country to land its flag on the Moon.

The unmanned lunar orbiter Chandrayaan-1 ejected its Moon Impact Probe (MIP), which hurtled across the surface of the Moon at 1.5 kilometres per second (3000 miles per hour), and successfully crash landed near the Moon’s south pole.Besides carrying three important scientific instruments, the lunar probe also carried the image of the Indian national flag, painted on all sides.

Chandrayaan-1 (meaning ‘Moon craft’ in Sanskrit) reached its target lunar orbit on Wednesday. The orbiter will remain in a circular orbit 102 kilometres above the Moon’s surface for two years. Its instruments will be gradually commissioned over the next few days.

With this landing, India became both the fourth country to place a flag on the Moon and the fifth group to send a spacecraft to the Moon. The other countries which have sent spacecraft to the Moon are the United States, the former Soviet Union, Japan, and China, along with the European Space Agency (ESA), a consortium of 17 countries. Japan and China currently each have scientific satellites orbiting the Moon, though China has not yet put a spacecraft on the moon’s surface.

The MIP has a mass of 29 kg, is about the size of a microwave oven, and was designed and assembled in India.After the orbiter ejected it, the probe took about 25 minutes to reach the Moon’s surface. On-board digital cameras made a high resolution movie of the surface during descent, and scientists also conducted measurements with the probe’s mass spectrometer and radar altimeter.Data was beamed back to India via the orbiter, and it is currently being processed and analysed.

Data from the altimeter experiments will be used to refine the instrument in order to control the soft landing of a future probe. Plans are already being prepared for the Chandrayaan-2 to be launched by 2012.

India’s first lunar mission was launched from the Satish Dhawan Space Centre on the Andhra Pradesh coast on October 22.The launch vehicle was an Indian designed and built rocket that had been previously proven by carrying scientific and commercial payloads to earth orbit, including weather and communications satellites.The cost of this mission is estimated at 340 crore (3.4 billion) rupees (US$78 million). The mission carries five scientific instruments built by India’s technology sector, and six developed cooperatively with foreign nations.

Goals for the orbiter include making a detailed map of the Moon’s chemical make-up and mineral resources, as well as a three-dimensional digital map of the entire surface. The mission will examine the surface for sources of water, and take comparison photos of the light side and dark sides of the surface.