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Report: Silicon Valley tech economy booming

Silicon Valley's tech economy is continuing to boom, with 58,000 new jobs and 42,000 new residents last year and all indications the record growth will continue, according to study released Tuesday.

Elon Musk's SpaceX drops lawsuit against Air Force

A spacecraft company run by billionaire Elon Musk has dropped a lawsuit alleging the U.S. Air Force improperly awarded a contract to launch military satellites to a joint venture between Boeing and Lockheed Martin.

Dubai launches 200-Megawatt solar plant project

Dubai launched a project Thursday to build a solar plant to produce 200 megawatt of electricity, as part of plans to generate five percent of the emirate's power from renewables by 2030.

European satellite chief says industry faces challenges

Europe's satellite launch industry needs to be overhauled to keep up with tough challenges from US rival SpaceX and other emerging competitors, the head of European satellite giant Arianespace has said.

AOL steps back from Patch with joint venture

AOL announced Wednesday it is giving up majority control of its troubled Patch hyperlocal news operations to a partner specializing in distressed firms.

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