Category Archives: oud

SpaceX Seen As Having Best Shot Landing Booster On Floating Barge

Friday’s planned launch of the Falcon 9 rocket by SpaceX has special meaning for two reasons. It’s the first time SpaceX will return to the International Space Station to deliver cargo since its last cargo mission in June resulted in failure, when the second-stage booster exploded about 21 miles high, due to a part failure. It’s also seen as the best shot that SpaceX has at finally sticking the landing of its massive booster rocket on a floating barge on the Atlantic Ocean, after three previous attempts failed. Tesla Motors ( TSLA ) CEO Elon Musk founded SpaceX. It’s based in Hawthorne, Calif., where Musk also has a Tesla facility. In addition to running Tesla and SpaceX, Musk is chairman of SolarCity ( SCTY ). SpaceX did manage to land the booster rocket on land during a launch in December. But the barge landing is far more difficult, and much more important, if SpaceX is able to reuse its rockets on a regular basis. Reusing rockets will enable SpaceX to lower the cost of its launches. The most recent attempt to land the rocket on a barge in March came close but missed the target. In a tweet at the time, Elon Musk said “next flight has a good chance .” At a news conference Thursday, Hans Koenigsmann, vice president of flight reliability for SpaceX, said “We have more confidence in this landing.” The liftoff is scheduled to take place at 4:43 p.m. ET at Cape Canaveral Air Force Station’s Space Launch Complex 40 in Florida. Live countdown coverage begins at 3:30 p.m. The SpaceX Dragon capsule will carry nearly 7,000 pounds of cargo to the space station.

Apple iPhone Encryption Fight With Feds Enters New Phase

Apple ’s ( AAPL ) fight with the federal government over the encryption software on its iPhones only took a short pause after the Justice Department backed down in the San Bernardino, Calif., shooter case. Apple is facing renewed challenges on the issue from several fronts. The Justice Department on Friday said it will continue to seek a court order to require Apple to help it access data from a locked iPhone seized in a New York drug investigation, the Wall Street Journal reported . A judge in the Brooklyn drug case had previously refused to force Apple to help open the iPhone. That case had been overshadowed by the San Bernardino terrorist probe. On March 28, federal prosecutors withdrew their demand that Apple help it hack an iPhone 5C belonging to deceased killer Syed Farook, saying it had found a way to unlock the phone using a third party. But that solution only works on older iPhones, FBI Director James Comey said Wednesday, NBC News reported . Federal law enforcement officials reportedly have at least a dozen criminal investigations in which they are trying to get Apple to unlock iPhones. Apple CEO Tim Cook has maintained that government demands for it to hack its iPhone software would set a dangerous precedent. If Apple is forced to write software to get around its security, it would be creating a back door that criminals, hackers and spies could exploit, he said. That would jeopardize the privacy and security of the personal and financial data on millions of iPhones, Cook said. Meanwhile, Sens. Richard Burr, R-N.C., and Dianne Feinstein, D-Calif., are preparing legislation titled the “Compliance With Court Orders Act of 2016.” As drafted, the legislation would require any individual or company to comply with any U.S. court order and hand over data to authorities, including data that is encrypted or made “unintelligible” by other means. Gaurav Laroia, policy counsel with the Free Press Action Fund, called the proposed bill a “massive overreach” by the government. It “would undermine any technology that helps secure people’s private communications,” he said in a statement. Burr and Feinstein “have forgotten the rights guaranteed to Americans under the Constitution,” Laroia said. Daniel Castro, vice president of the Information Technology and Innovation Foundation, also slammed the proposed bill. He said the bill would force companies to create workarounds for their software, even when it is the customer who controls the encryption keys.

Is Amazon-Backed Web China Grocery Vendor Yummy77 ‘Out Of Cash’?

Amazon.com ( AMZN )-backed Chinese online grocery sales website Yummy77 might have run out of cash, making it the first major casualty of China’s super-competitive online grocery market, according to Young’s China Business blog. The report comes after two major new funding announcements illustrated the potential for online grocers in China. Amazon’s name still appears at the top of Yummy77’s webpage, with the notation that it is a “strategic cooperative partner,” and clicking on the name takes you to a Yummy77 food section on Amazon’s own China website. “But Amazon’s China page also contains its own Amazon-branded food section with extensive offerings. That would seem to indicate that Yummy77 was still operating independently and was only getting marketing assistance from Amazon as a strategic partner,” the report said . China’s Yummy77 is not related to the Los Angeles-based online grocery company Yummy.com, a spokesperson for the U.S. company confirmed to IBD. Yummy77’s troubles highlight the big potential — and the big risks — for online grocers in China, where the market is teeming with new companies rushing to cash in on the trend. The Yummy77 report comes after two other online fresh food sellers raised big bucks in March. Yiguo — backed by China e-commerce giant Alibaba Group ( BABA ) — raised $260 million, the report said. Another China e-commerce leader, JD.com ( JD ), backs Fruitday, a fresh produce electronic retailer which raised $100 million in new funding , said the report. “Entrepreneurs are realizing that Chinese consumers are very willing to buy almost anything over the Internet that used to be sold in traditional brick-and-mortar stores. Even highly perishable items like fruit and meat are following the trend, thanks to recent logistical improvements that are making same-day deliveries common, sometimes just an hour or two after an order is placed,” Young’s China Business said in a prior report in March . Chinese Internet companies are in a sweet spot as the country quickly moves to broadband mobile platforms, fueled by a burgeoning middle class with more disposable income. In May, JD.com launched a grocery delivery service in partnership with stores in select urban areas. It also invested $70 million in Fruitday. JD.com stock was up 1.5% in afternoon trading in the stock market today , while Amazon stock was up a fraction and Alibaba stock down a fraction.