Canon: Camera for night sky
Lake Success-based Canon U.S.A. says it has introduced a new specialty camera for astrophotographers that can capture crisp images of planets and stars. The digital single lens reflex camera "caters to astronomers and hobbyists who enjoy capturing the beauty of the night sky," Canon said Tuesday. The new camera, the EOS 60Da, has a suggested retail price of $1,500 and will be available this month by special order only. Canon U.S.A. said it is "a long-awaited successor" to its previous night-sky model, the EOS 20Da. The EOS 60Da has an 18-megapixel sensor, compared to the previous Canon model's 8.2- megapixel sensor.
Factory orders up in February
Businesses ordered more machinery and equipment from U.S. factories in February, a signal that many are investing in their companies despite the expiration of a tax credit. Orders to U.S. factories increased 1.3 percent in February, the Commerce Department said. That offset a similar decline in January. Demand for so-called core capital goods, a gauge of business investment plans, rose 1.7 percent. That was better than the government's preliminary estimate last week and followed a steep drop in January. U.S. factory orders have been steadily rising since the recession ended nearly three years ago. Orders totaled $468.4 billion in February, just 3.4 percent below the previous peak hit in 2008.
Facebook is stepping up its patent dispute with Yahoo by filing its own lawsuit against the struggling Internet icon. Facebook's lawsuit on Tuesday came just weeks after Yahoo Inc. claimed that Facebook violated 10 patents covering advertising, privacy controls and social networking. Facebook denied Yahoo's allegations and accused Yahoo of violating 10 of its patents covering photo tagging, advertising, online recommendations and more. The spat is escalating as Facebook prepares for an initial public offering of stock. If all goes as expected, Facebook could fetch as much as $10 billion, gaining a value of $100 billion. Yahoo, which has struggled amid competition from Google and Facebook, has a market value of about $18.3 billion.
Murdoch sheds another title
Once his father's heir apparent, James Murdoch stepped down Tuesday as chairman of British Sky Broadcasting, surrendering one of the biggest jobs in the Murdoch media empire in a bid to distance the broadcaster from a deepening phone hacking scandal. James Murdoch's credibility and competence have come under severe questioning because of the phone hacking crisis and alleged bribery by British newspapers while he was in charge, and he faces further questioning in the scandal. "I am aware that my role as chairman could become a lightning rod for BSkyB, and I believe that my resignation will help to ensure that there is no false conflation with events at a separate organization," said Murdoch, 39, who has been shedding titles since the scandal heated up. In February he quit as chairman of News International, the company's troubled British newspaper subsidiary. -- AP