Friday, March 1, 2013

Watch SpaceX Launch Its Second Dragon Supply Mission To The ISS

Screen Shot 2013-03-01 at 10.04.26 AMIn what has ended up being a weird couple weeks for Elon Musk, the Tesla and SpaceX founder should have a better day today after the launch of the Dragon capsule on its second resupply mission to the International Space Station. NASA announced that it had approved the mission back on Valentine's Day, mentioning that the spacecraft will be packed with over one ton of experiments and supplies on board. The Dragon Capsule will launch just after 10am Eastern this morning, and the launch is being broadcast live via UStream on NASA's media channel.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/W94X21yYrbs/

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Hostess' Wonder bread brand sold for $360 million

The long wait remains for Twinkies fans to find out who may rescue their beloved, cream-filled sponge cakes.

Flowers Foods Inc. will buy Hostess Brands Inc.'s Wonder bread business for $360 million after no other bidder emerged with a competing offer, a source told CNBC Wednesday.

Wonder bread was meant to be auctioned Wednesday by the bankrupt baker. Instead it will be going to Flowers, along with the Butternut, Home Pride, Merita and Nature's Pride brands, according to Reuters, which also cited an unnamed source familiar with the matter.

There will be an auction for the Beefsteak brand, for which Flowers bid $30 million, since Hostess received a higher bid from Mexico's Grupo Bimbo, said the source, who declined to be named as the process is private.

Bimbo bid $1 million more for the Beefsteak brand, though its $31.9 million bid includes a $900,000 breakup fee.

The deal with Flowers is still subject to approval by a bankruptcy court.

Flowers agreed in January to be the "stalking horse" bidder, which set a floor for the bidding and was subject to a court-supervised auction.

Hostess declined to comment. Flowers and Bimbo were not immediately available to comment.

Hostess expects to run two more auctions next month. One would be for the Hostess snack cake brands, including Hostess Twinkies and Dolly Madison, for which private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co. set the bidding at $410 million.

The other would be for its Drake's cake business and additional bread brands. So far, McKee Foods, maker of Little Debbie snack cakes, offered $27.5 million for Drake's, which includes Ring Dings, Yodels and Devil Dogs.

United States Bakery Inc, also known as Franz Family Bakery, agreed to pay $28.85 million for the Sweetheart, Eddy's, Standish Farms and Grandma Emilie's bread brands.

Reuters contributed to this report.

Source: http://www.nbcnews.com/business/hostess-wonder-bread-business-being-bought-360-million-1C8589378

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Nile Cruises From Marsa Alam

Nile Cruise Holiday from Marsa Alam 4 Nights
Tour Type:Private Tour
Tour Length:5 Days / 4 Nights
City Tour:Nile cruise
Pick up Point:Your hotel in Marsa Alam
Drop off Point:Your hotel in Marsa Alam
Tour Itinerary : -

5 Days / 4 Nights - From Luxor to Aswan

Day 1:) Marsa Alam - Luxor - Nile Cruise sights
Meet and assist by our travel REP at your hotel in Marsa Alam to drive to Luxor by modern air-conditioned vehicle. Then you will be transferred by private air-conditioned vehicle to board the Nile cruise. Lunch is served a board, followed by a guided tour to visit the most famous Karnak and Luxor Temples. Back to your cruise ship for afternoon tea and dinner, overnight stay a board the cruise in Luxor.

Day 2:) Luxor sightseeing
Breakfast on board the cruise, followed by a guided tour to the West Bank of the Nile in Luxor to visit the Valley of the Kings, Hatshepsut Temple at El Deir EL Bahari, and the Colossi of Memnon. Back to the cruise for lunch and an afternoon tea during sailing to Edfu. Dinner and overnight a board in Edfu.

Day 3:) Edfu & Kom Ombo sightseeing
Breakfast on board the ship, then you will be taken in a guided tour to visit Horus Temple in Edfu. Back to the cruise, start sailing to Kom Ombo. Lunch on board the cruise. A guided tour to visit the temple shared by the two gods Sobek and Haroeris. Sail to Aswan , dinner and overnight stay.

Day 4:) Aswan sightseeing
Breakfast a board the cruise, followed by an early tour to visit the High Dam, the Unfinished Obelisk, and the majestic Philae Temple during sailing by a small motor boat, visit the Botanical Garden. Overnight stay on board in Aswan .

Day 5:) Aswan - Disembarkation
Disembarkation after breakfast. transfer to Marsa Alam and drop off at your hotel lobby.
Tour Includes : -
Meet and greet service by our representative upon arrival & departure
Assistance of our personal during your stay, tours and excursions
All transfers by private air-conditioned deluxe vehicle
Accommodation onboard 5* cruise on full board basis
Excursions to visit Karnak temple and Luxor temples
Excursions to visit Valley of the Kings, Hatshipsut temple
Excursions to visit Edfu temple as per cruise itinerary
Excursions to visit Kom Ombo temple as per cruise itinerary
Excursions to visit Philae temple, High Dam unfinished obelisk
Felucca sail on the River Nile in Luxor for a wonderful sunset attendance
Entrance fees to the above mentioned sights between Luxor and Aswan
English speaking guide during your excursions and cruise holiday
Service charges and all applicable taxes at present included
Tour Excludes
Extra of personal nature
Optional excursions

For more information and prices please visit
http://www.albaraagroup.com/Egypt/Excursions/Marsa-Alam/Nile-Cruise-Holidays-from-Marsa-Alam/

For More Excursions
http://www.albaraagroup.com/Egypt/Excursions/Marsa-Alam/

For hot deals and best offers please visit
http://www.albaraagroup.com/

Or contact us
Magdy Abdel ghany
Call : -
002 01062922290
Email : -
Info@albaraagroup.com

Source: http://www.articlesnatch.com/Article/Nile-Cruises-From-Marsa-Alam/4461725

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Noted BlackBerry bull changes tune

BlackBerry 10 AnalysisBlackBerry 10

After insisting that BlackBerry (BBRY) shares would rebound throughout 2011 and 2012 as the stock plummeted, Macquarie Capital Markets cut its price target earlier this month to $11 with a Neutral rating. This marked the first time the firm has advised investors that BlackBerry shares will likely continue to fall; Macquarie remained optimistic the whole way down over the past two years, as illustrated in the chart below.?While the firm does see some positive notes for BlackBerry in the coming months, it said in a recent research note that BlackBerry shares will be trading on sentiment rather than long-term fundamentals following next month?s launches, after which the stock will likely continue to slide.

[More from BGR: Crytek CEO: PlayStation 4, next-gen Xbox can?t compete with PCs]

[More from BGR: Report outlines ?5 biggest problems facing Apple?]

?In advance of next month?s BB10 launch in two of BBRY?s largest markets, we are collaborating with our telecom colleagues Riaz Hyder in Indonesia and Best Waiyanont in Thailand to examine the company?s opportunities and risks in emerging Asia,??Macquarie?analysts wrote in a recent note to investors. ?We estimate that BBRY has ~15.2m subs in Indonesia and Thailand (19% of global total) and has shipped around one-third of global BB7 hardware sales in recent qtrs.?

The note continued, ?Our analysis shows that although the service fee structure of BB10 will be dilutive to overall service ARPU, much of the existing service revenue will be maintained for a year or more, as initial BB10 price points may be cost-prohibitive for many Indonesian and Thai consumers. We estimate that perhaps 15-20% of the BBRY installed base could purchase $400-600 ASP devices.?

Macquarie sees the following impact for BlackBerry:

  • Low-end BB7 devices remain popular due to lower ASPs of $200-300 vs. iPhone ASPs at $700-900 and Android ASPs at $300-800. Implicitly, we do not expect significant sales of BB10 at an estimated $500-600 ASP in emerging markets.
  • The key reason for the strength of BB outside of BBM is 1) first mover advantage, 2) lower pricing point (US$200 for cheapest handset ? Gemini); and 3) quite complimentary with Facebook and Twitter usage which were the main drivers for mobile internet adoption.
  • According to Best Waiyanont, BBs have a considerably cheaper monthly cost than the data packages required for an iPhone or Android device. In Thailand, a BB package would cost only ~$10/month, with unlimited use of social media including Facebook, Twitter, BB messenger, and Email vs. a required data package costing $20 to support an iPhone or Android device. In the near-term, we think this will stay the BB sub base as the value proposition for BB devices is much more attractive to emerging market consumers than higher-end devices.

BlackBerry is likely to trade more on buzz than fundamentals in the short term, but Macquarie believes that will end following the next round of BlackBerry 10 device launches. ?We continue to advise investors to ignore the launch noise and value the company on long-term cash flows, which we believe will ultimately drive the shares lower,? the firm said.

This article was originally published on BGR.com

Source: http://news.yahoo.com/noted-blackberry-bull-changes-tune-234544768.html

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I.B.M. Exploring New Feats for Watson

[unable to retrieve full-text content]I.B.M. is trying to expand its artificial intelligence technology by training the computer Watson in projects that involve developing drugs and creating food recipes.

Source: http://www.nytimes.com/2013/02/28/technology/ibm-exploring-new-feats-for-watson.html?partner=rss&emc=rss

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Pentagon says it will resume F-35 flights

WASHINGTON (Reuters) - The Pentagon said on Thursday it would resume flights of its F-35 fighter jets following a week-long precautionary grounding imposed after a crack was found on an engine blade on a test plane in California.

"F-35 flight operations have been cleared to resume," Pentagon spokeswoman Kyra Hawn said in a statement. She said flights could begin as early as Friday, depending on weather conditions.

No additional cracks were found during inspections of engines on the remaining 50 planes in the Pentagon's fleet, or any spare engines, Hawn said.

The order allowing flights to resume is good news for the $396 billion F-35 Joint Strike Fighter, the Pentagon's biggest weapons program which is bracing for big cutbacks when automatic across-the-board budget cuts take effect on Friday.

It comes two days after the Pentagon's F-35 program chief blasted enginemaker Pratt & Whitney and prime contractor Lockheed Martin Corp for trying to "squeeze every nickel" out of the Pentagon and not shouldering enough risk on the program.

The order ends the program's second engine-related flight ban in less than two months. The Marines Corps version of the plane was grounded for nearly a month from mid-January because of a faulty hose in the engine, later blamed on manufacturing errors.

Matthew Bates, a spokesman for Pratt & Whitney, which supplies the engines for the planes, said the Pentagon's F-35 program office had decided to rescind the grounding order after extensive tests and analysis of the cracked turbine blade, which was discovered on February 19 during a routine inspection conducted after every 50 hours of flight time.

Bates said Pratt engineers had been working around the clock with Pentagon experts to determine the cause of the crack in the engine blade, including a "destructive" test that cracked open the blade.

The tests showed that the crack resulted from the "unique operating environment" in flight tests -- many of which tested the engine's powerful after burners -- rather than a high-cycle fatigue crack, which would have required a design change.

Bates said the engine in question had operated at high temperatures for more than four times longer than a typical F-35 flight, which led to a separation of the "grain boundary" of this particular blade.

The Navy order rescinding the flight ban, or so-called "red stripe," said that engine had experienced the most "hot engine time exposure" of all the engines in the developmental program. It said it would now require reports to monitor and limit similar damage after every 25 flight hours.

Pratt recommended the resumption of flights and ground operations of the engine earlier on Thursday after its engineers ruled out a high-cycle fatigue crack.

The Pentagon said the investigation concluded that the 0.6-inch long crack was caused by "prolonged exposure to high levels of heat and other operational stressors."

Pratt, a unit of United Technologies Corp, supplies the engine for the single-engine, single-seat fighter plane, which is built by Lockheed Martin Corp.

(Reporting by Andrea Shalal-Esa; Editing by Stacey Joyce and Richard Pullin)

Source: http://news.yahoo.com/pentagon-says-resume-f-35-flights-023609209--finance.html

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Thursday in politics: Rival votes on sequester plans in Senate

Republicans and Democrats in the Senate have drafted alternative measures to replace the $85 billion in spending cuts ? aka the sequester ? set to begin phasing in Friday.

Votes on the measures are expected Thursday and both are expected to fail. The strategy, as the Associated Press reports, is avoiding public blame for any inconvenience or disruption in government services.

What?s next regarding sequestration? The House and the Senate are set to send their members home Thursday afternoon, and President Barack Obama is expected to meet Friday with Republican House Speaker John Boehner, Democratic Senate Majority Leader Harry Reid, Republican Senate Minority Leader Mitch McConnell and Democratic House Minority Leader Nancy Pelosi.

Secretary of State John Kerry will meet on Thursday with leaders of Syria's opposition council, and the outcome of that meeting is expected to move the United States towards more direct involvement in the nation's conflict, ABC OTUS News reports.

Also worth noting on Thursday: The House will vote on the Violence Against Women Reauthorization Act, and first lady Michelle Obama continues her national tour marking the third anniversary of 'Let's Move!' with a stop in Chicago to announce a plan to bring physical activity back to schools.

And then there is this: The Senate Judiciary Committee plans an executive business meeting Thursday, and gun safety bills are expected to be on the agenda.

Sources: Yahoo News? The Ticket, ABC OTUS News, Associated Press and Reuters.

Source: http://news.yahoo.com/blogs/ticket/thursday-politics-rival-sequester-votes-expected-senate-more-111858508--politics.html

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