Archive for February, 2010

Cummins Gets Fined $2.1 Million For Not Installing After-Treatment Emissions Systems

Amit Chowdhry | February 23, 2010 | 446 views | Add a Comment
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Cummins, a Columbus, Indiana based fuel system company has been fined $2.1 million for shipping 570,000 heavy duty diesel engines that lack nitrogen oxide neutralization emissions systems. Cummins did not admit that they were wrong in federal court, but they have agreed to recall 405 engines to install the right system. [Edmunds]

A Look At Apple’s Data Center In North Carolina [VIDEO]

Amit Chowdhry | February 22, 2010 | 857 views | Add a Comment
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Below is a video of the Apple data center in Maiden, North Carolina. The data center is dubbed iDataCenter (no surprise there). The video was taken by an area realtor. The size of the facility is 500,000 sq. ft. and it costed about $1 billion to put together. This data center is about 5 times the Newark, California facility. [DataCenterKnowledge]

Vook Raises $2.5 Million In Seed Capital

Amit Chowdhry | February 22, 2010 | 776 views | Add a Comment
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Vook is an Alameda, California based video book publishing service. Vook intends to connect text with video and social media. Vook has partnerships in place with HarperStudio, Simon & Schuster, and Hachette Filipacchi Media. Vook has just raised $2.5 million in seed capital from Ron Conway, Kenneth Lerer, Maples Investments, Baseline Ventures, and Founder Collective.

[alarm:capital]

Li’l Wayne Joins Twitter, Gains Over 100,000 Followers In A Day

Amit Chowdhry | February 22, 2010 | 724 views | Add a Comment
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Li’l Wayne, one of the best selling artists of the year is getting ready to start one year of jail time. He has joined Twitter today and has already amassed over 100,000 users. He is communicating with fans through the alias Liltunechi. In his second tweet, he announced a UStream live stream session. During the UStream session he gave a shoutout to Justin Bieber, Bon Jovi, and Taylor Swift. Wayne said he would be proactive with his Twitter account before being sent to jail, so make sure to give him a follow.

Wal-Mart Buys Movie Streaming Company, Vudu

Amit Chowdhry | February 22, 2010 | 932 views | Add a Comment
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Wal-Mart Stores, Inc. (NYSE:WMT) has decided that they want to take on Apple iTunes, Netflix, and cable TV by acquiring Vudu. Vudu started three years ago in the Silicon Valley area of California. Wal-Mart is one of the biggest retail stores for DVD sales, but they did not have a solid way to sell streaming video content to consumers as of yet. Vudu had funding from Benchmark Capital and Greylock Capital, but was never profitable. The financial details were undisclosed, but the amount rumored is $100 million. [NYT]

California Jury Awards Cynthia Castillo $23.4 Million In Lawsuit Against Ford

Amit Chowdhry | February 22, 2010 | 622 views | Add a Comment
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Cynthia Castillo was driving her 1997 Ford Explorer in 2007 and was involved in a freeway accident. Castillo’s crash caused her to become a quadriplegic. Castillo’s accident was caused when the tread was separated from her left-rear tire and caused the SUV to veer off the highway. The car rolled three times. As a result a California jury award Castillo $23.4 million in a civil judgment against Ford Motor Company. Castillo’s lawyer Brian Brandy said that the flaw in the 1997 Explorer design was the reason for the accident. [egmCarTech]

Seesmic Adds Threaded Twitter Conversations, Geotagging, and Tweetmeme Support

Amit Chowdhry | February 22, 2010 | 608 views | 1 Comment
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Today Seesmic Web has improved their web-based Twitter client. Seesmic Web has added a contact manager, threads Twitter conversations, and allows you to drag and drop followers into lists. There is also Tweetmeme stats built into Seesmic’s updated web-based client. Unlike Twitter.com itself, Seesmic Web also lets you upload photos to a host or take a picture from your webcam to share on Twitter. [CNET]

Open Text Acquires Nstein Technologies

Amit Chowdhry | February 22, 2010 | 848 views | Add a Comment
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Open Text has acquired Nstein Technologies for $34 million. Nstein Technologies is a content analysis start-up that powers the back-end of several major online blogs and newspapers. [TechCrunch]

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