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|Technology News - Technology News Headlines | Bizjournals.com
• Air Force One: Boeing's presidential aircraft from 'flying boats' to 747 jumb...
by Andrew McIntosh
18 Jan 2017 at 7:52am
Since 1990, the president of the United States has traveled the globe aboard specially configured and highly customized Boeing 747 jumbo jets, the largest presidential aircraft ever used.
The U.S. Air Force has two identical 747-200B aircraft in the presidential fleet, ordered by the late President Ronald Reagan. The iconic jets will soon carry President-elect Donald Trump after flying Barack Obama, George W. Bush, Bill Clinton, George H. Bush and their families, White House aides and traveling?
• Lowe?s to cut 2,400 jobs in efficiency push
by Ken Elkins
18 Jan 2017 at 7:48am
Lowe?s Cos. Inc., the home-improvement retailer with 5 stores in the Memphis area, told employees Tuesday that it?s cutting 2,400 employees from its 285,000-employee workforce.
Last week, CNBC reported that Lowe?s would cut almost 1 percent of its staff.
The timing of the layoffs at the Mooresville, North Carolina-based company (NYSE: LOW) wasn?t clear Tuesday.
In an emailed note to employees, CEO Robert Niblock says:
?The changes will better align store staffing with customer demand,?
• Qualcomm facing federal charges it strong-armed Apple into buying its chips
by Luke Stangel
18 Jan 2017 at 7:27am
For five years, Qualcomm squeezed Apple into exclusively buying its chips in return for lower licensing fees, the U.S. Federal Trade Commission alleged in a new lawsuit against the San Diego-based chipmaker. Shares of Qualcomm fell 3.7 percent Tuesday on the news.
Federal regulators say Qualcomm (Nasdaq: QCOM) used a combination of incentives and threats to push smartphone manufacturers into using its baseband chips, which manage data connections inside phones. If manufacturers agreed, they?d?
• New Enterprise Associates is raising a new multibillion-dollar fund
by Andy Medici
18 Jan 2017 at 7:18am
New Enterprise Associates is looking to raise up to $3 billion for its latest venture fund, according to federal filings.
The New Enterprise Associates 16 LP is the latest for the venture firm and is a full $500 million more than the initial goal for its last fund, which ended up closing higher at $2.8 billion in April 2015, according to Securities and Exchange Commission filings. A companion $350 million fund also closed at the same time, totaling $3.1 billion.
Click here to get the free daily?
• Houston high-tech manufacturing company raises additional cash
by Joe Martin
18 Jan 2017 at 7:08am
Houston-based Macrofab Inc. has closed an additional $3.05 million in funding to help development for the consumer and industrial manufacturing company.
The seed round is the second for the company. The first round closed in July 2015 and included funding from TechStars and high net worth individuals. The latest round includes funding from existing investors, as well as Japan-based Dentsu Ventures and the Enhanced Jobs for Texas, a venture fund managed by New York-based Enhanced Capital, according?