TC Roundup: Google to lease NASA's Moffett Field for $1.2 Billion
Google to lease NASA's Moffett Field for $1.2 Billion: Google Inc. (GOOGL) has agreed to a $1.2 billion lease of NASA's Moffett Field airfield in California for 60 years, as the company invests in new technologies such as robotics and aviation.
As part of the deal, Google subsidiary Planetary Ventures LLC will invest more than $200 million in improvements at the site, which is near the company's headquarters in Mountain View, according to a NASA statement. The facility is slated for research, assembly and testing in the areas of robotics, space exploration, aviation and other technologies, it said. (Bloomberg)
U.S. says cyber charges against China show it will not stand idle: The United States' pursuit of charges against China related to cyber spying shows Washington will not stand idle on the issue, a senior U.S. official said on Tuesday in Beijing, as President Barack Obama joined a meeting of Asia-Pacific leaders.
It is better for the two nations to have a dialogue on the issue of cyber spying, Deputy National Security Advisor for Strategic Communications Ben Rhodes told reporters on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum. (Reuters)
Alibaba smashes its sales record on China's singles' day shopping bonanza: Today is Singles' Day in China. In case you missed the media hype and have no idea why November 11 (11/11) is significant, it's China biggest e-commerce sales day. Think of it as a mash-up of all of North America's biggest online retail days into oneâ€¦ on steroids.
Last year, Alibaba did $5.75 billion in sales across its two biggest shopping services — its Taobao Marketplace and T-Mall site for brands — and the company easily matched that this year, reaching that number with more than ten hours left in the day. (Tech Crunch)