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Robotic Furniture...That Builds Itself!

Updated: 7:41 AM - Imagine never having to rearrange the furniture in your home again! Researchers at a biorobotics lab in Switzerland are developing modular robots that can do it for you.
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Evolution of Comic Book Distribution and Technology

Updated: 07/23/2014 - Flipping through the pages of your favorite comic-book isn't what it used to be. Music and sound effects are now part of the story. Streaming apps on your tablet or Smartphone put tens of thousands of comics at your finger tips.
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  • Wall St. Week Ahead: Even modest GDP bounce may support market

    Traders work on the floor of the New York Stock ExchangeBy Richard Leong NEW YORK (Reuters) - Even if data next week shows a mediocre rebound in U.S. economic growth, that might be enough to keep the stock market aloft at record highs and the Federal Reserve steadfast in its winding down of stimulus through bond purchases. U.S. gross domestic product for the second quarter, due to be released Wednesday, is forecast to have grown 3.2 percent. Growth had shrunk 2.9 percent in the first quarter due to a harsh winter and spending cuts tied to the federal Affordable Care Act. Indeed, Friday's disappointing report on durable goods orders in June spurred JPMorgan and Goldman Sachs to shave their second-quarter outlook by 0.1 percentage point to 2.6 percent and 3.0 percent growth, respectively.


  • Facebook says SEC's IPO probe ends, extending WhatsApp closing date

    Woman holds a tablet displaying WhatsApp's logo in front of the screen with the Facebook logo in this photo illustration taken in Prague(Reuters) - Facebook Inc said the U.S. Securities and Exchange Commission dropped its probe into the social networking company over events surrounding its controversial initial public offering. In its quarterly report filed on Thursday, Facebook said the regulator in May "notified us that it had terminated its inquiry and that no enforcement action had been recommended by the SEC." Facebook shares began trading on May 18, 2012, but soon fell below their $38 per share offering price and had lost more than half their value by the middle of August, angering investors. Investors also complained they were not told just prior to the IPO that analysts at Facebook's investment banks were cutting their forecasts after learning of the company's internal projections for advertising revenue. The end of the SEC probe does not affect shareholder litigation against Facebook, Chief Executive Mark Zuckerberg and many banks over the Menlo Park, California-based company's IPO.


  • U.S. business spending data gives mixed signals on growth

    Washers and dryers are seen on display at a store in New YorkBy Lucia Mutikani WASHINGTON (Reuters) - A mixed reading on the health of U.S. business investment on Friday suggested the economy may not have rebounded as strongly in the second quarter as previously believed, but it offered hope for the rest of 2014. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rebounded 1.4 percent after declining by a downwardly revised 1.2 percent the prior month, the Commerce Department said. Core capital goods shipments are used to calculate equipment spending in the government's gross domestic product measurement. "The weak performance in core capital goods shipments during the quarter suggests that this segment of the economy is unlikely to contribute much to economic activity," said Millan Mulraine, deputy chief economist at TD Securities in New York.


  • Amazon's far-reaching ambitions, lack of profits, unnerve investors

    Amazon CEO Jeff Bezos discusses his company's new Fire smartphone in Seattle, WashingtonBy Deepa Seetharaman SAN FRANCISCO (Reuters) - Amazon.com Inc's message to investors has always been clear: trust in founder and CEO Jeff Bezos. Some on Wall Street wonder if Amazon may have bitten off more than it can chew. After an unusually busy first half of the year that saw the online retailer spend on developing everything from mobile phones and Hollywood-style production to grocery deliveries, investors are ready to see it curtail its ambitions and start delivering sustainable profits. "It does get frustrating when they continue to spend quarter after quarter and they don't let the revenue flow through," said Michael Scanlon, who manages $3.5 billion at Manulife Asset Management and holds shares of Amazon.


  • FBI investigates Ford engineer after listening devices found

    International flags fly along side the U.S. flag in front of the Ford Motor Co. headquarters in DearbornBy Bernie Woodall DETROIT (Reuters) - A former Ford Motor Co engineer is being investigated by the FBI after listening devices were found in meeting rooms at company offices, the automaker said on Friday. "Ford and the FBI are working together on a joint investigation involving a former employee," Ford spokeswoman Susan Krusel said. "As this is an ongoing investigation, we are not able to provide additional details." The Federal Bureau of Investigation served a search warrant at Ford offices on July 11, the company cooperated, and agents left with eight listening devices, an FBI spokesman said.


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