Tesla opens doors to electric auto factory

esla CEO Elon Musk and Senator Dianne Feinstein hold a press conference for the opening of Tesla's new manufacturing plant, the former New United Motor Manufacturing, Inc. (NUMMI), on October 27, 2010. Up until April, the plant had been producing Toyota Corollas and Tacomas, and had been opened as a joint venture between GM and Toyota in 1984.

During the conference, Senator Feinstein talked of the jobs lost by the plant's closing, and how Tesla would begin to restore those jobs. She also spoke of the viability of high-tech manufacturing in California.

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LimeWire file-sharing service has been shuted down in US

It ends four years of wrangling between the privately-owned Lime Group and the Recording Industry Association of America (RIAA).

The injunction compels Lime Group to disable its searching, downloading, uploading and file trading features.

The firm plans to launch new services that adhere to copyright laws soon.

Visitors to the LimeWire website are confronted with a legal notice that reads: "This is an offical notice that LimeWire is under a court ordered injunction to stop distributing and supporting its file-sharing software."

It adds that "downloading or sharing copyrighted content without authorisation is illegal".

The RIAA told the AP news agency that it was pleased by the judge's decision.

"It will start to unwind the massive piracy machine that LimeWire... used to enrich themselves immensely," said RIAA spokesman Jonathan Lamy.

LimeGroup appeared to acknowledge defeat.

"We are out of the file-sharing business, but you can make it known that other aspects of our business remain ongoing," Lime Group spokeswoman Tiffany Guarnaccia told AP.

The firm is working on developing new software that will adhere to copyright laws.

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Nokia Sees Some Noteworthy Profit

Nokia Sees Some Noteworthy Profit

Streamlining of the corporate functions is due to take place for Nokia Corp. together with some necessary job cuts. This forecast is said to be presented by Chief Executive, Stephen Elop who put forth his full-year margin forecast on Thursday.

From a €559 million loss, it is said to have swung to a €529 million ($737.9 million) for the Finland-based Nokia, Espoo. This loss had been a year earlier when the result had been hit by the heavy impairment charges.

Without the anticipation of the new Smartphone and software launches helping in reshaping their fortune, there is said to be a 4.7% rise in sales in the third quarter to €10.27 billion.

For the sake of the upcoming Symbian Smartphones, Nokia plans to bring about 18,000 job cuts.

While Nokia expects its volume market share to see a downfall in the year 2010 in comparison to the year 2009, it is said to have increased its full-year operating margin guidance.

The Company too is said to have made an announcement concerning the departure of their top Managers. The list comprises of names like the former CEO Olli-Pekka Kallasvuo. This is being done so that the Company can keep up with its competitors, such as like iPhone-maker Apple Inc. and Android-device maker HTC Corp.

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