The designer of the 'Iron Man' suit is among those working on high-tech body armor for elite troops.
By Dion Nissenbaum, The Wall Street Journal
The Oscar-nominated designers at Legacy Effects have outfitted such memorable movie warriors as The Terminator, RoboCop, Captain America and Iron Man.
The special-effects company is now at work on what seems a mission impossible: Building an Iron Man-style suit to protect and propel elite U.S. troops by encasing them in body armor equipped with an agile exoskeleton to enable troops to carry hundreds of pounds of gear.
The 3-D printers that once churned out parts for actor Robert Downey Jr.'s red and gold movie armor are making pieces for a Pentagon prototype. Military officials recently examined three designs, an early step in a project by the U.S. Special Operations Command to create a new generation of protective armor within the next four years.
"We are trying to be revolutionary," said Mike Fieldson, the military's manager of the project known as TALOS, the Tactical Assault Light Operator Suit.
As more and more jobs become automated, the irony is that the most tech-savvy generation in history could lose out to the very technology it has mastered.
By Reilly Dowd, The Fiscal Times
Joining the workforce in the age of pizza-delivering drones and self-driving cars is easier said than done, especially for millennials. Available jobs are increasingly going to equally qualified applicants, the types that were once just a thing of Hollywood movies -- robots.
Consider the irony: Millennials are coming of age in a world where the one thing they understand better than any other generation – technology -- may well be the thing that hurts them most of all.
It's all part of what leading tech gurus say is an urgent need for society to transform the way it views jobs.
Google (GOOG) cofounder Larry Page, for example, says one antidote for high unemployment is to view employment differently; if people prefer not to work 24/7, "just reduce work time," but don't consider part-time a negative.
When the Chinese commerce king goes public, it will mean a windfall for the Internet giant. Here are a few ways CEO Marissa Mayer may put that money to work.
After Alibaba's initial public offering, Yahoo (YHOO) and CEO Marissa Mayer may be looking to put some of that money to work, buying companies that will boost both revenue and engagement.
Mayer has said that search, communications, digital magazines and video are the four key areas of interest for Yahoo, as it seeks to reshape itself. Yahoo has acquired dozens of smaller companies to help in that regard, including Summly, Jybe and the largest, Tumblr, which was purchased in May 2013 for $1.1 billion in cash and stock.
Yahoo holds nearly 24 percent of Alibaba, which is expected to go public as soon as August. Analysts have speculated that the company could be worth anywhere from $150 billion to $200 billion once shares start trading, making Yahoo's stake worth between $36 billion and $48 billion -- more than the Internet company itself. Yahoo currently sports a market cap of approximately $35 billion, which not only takes into account the Alibaba stake, but a 35 percent stake in Yahoo Japan, as well as the core business.
The CEO's vision for the tech giant has come into sharper relief as he pushes executives to be more collaborative and broadens the company's laser focus.
By Daisuke Wakabayashi, The Wall Street Journal
In the first few years of his tenure, Tim Cook's Apple (AAPL) looked a lot like the company he inherited from Steve Jobs.
Then, over six weeks starting in late April, Cook's image of Apple came into sharper focus. Apple agreed to buy back $100 billion of its shares -- more than any company in U.S. history -- after years of hoarding cash. Cook settled a feud with Google (GOOG), a rival that Jobs once targeted for a "holy war."
Recently, Cook agreed to acquire headphone maker and streaming-music service Beats Electronics for $3 billion and will keep the Beats' brash, in-your-face brand rather than subsume it. Earlier, he hired Angela Ahrendts, the former head of British apparel retailer Burberry (BRBY) to run Apple's retail operations, a sign Cook would choose high-profile deputies.
The company's No. 2 executive responds to backlash over a psychological experiment conducted on nearly 700,000 of its users.
By R. Jai Krishna, The Wall Street Journal
Facebook's (FB) psychological experiment on nearly 700,000 unwitting users was communicated "poorly," Sheryl Sandberg, the company's No. 2 executive, said Wednesday.
It was the first public comment on the study by a Facebook executive since the furor erupted in social-media circles over the weekend.
"This was part of ongoing research companies do to test different products, and that was what it was; it was poorly communicated," Sandberg, Facebook's chief operating officer, said while in New Delhi. "And for that communication we apologize. We never meant to upset you."
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[BRIEFING.COM] The stock market finished the Thursday session on a higher note with the S&P 500 climbing 0.5%. The benchmark index registered an early high within the first 90 minutes and inched to a new session best during the final hour of the action.
Equities rallied out of the gate with the financial sector (+1.1%) providing noteworthy support for the second day in a row. The growth-oriented sector extended its September gain to 1.9% versus a more modest uptick of 0.4% for the ... More
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