Eurotech module adopts 32nm Atom

Eurotech announced a new member of its Catalyst computer-on-module (COM) family, this time based on Intel's 32nm & Cedar Trail& Atom processors. The Catalyst CV supports clock speeds up to 1.6GHz, DDR3 memory up to 4GB, 10/100 Ethernet, eight USB 2.0 ports, and four PCI Express x1 interfaces, according to the company....

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McLaren unveils new MP4-28 F1 car

The McLaren team became the second Formula 1 squad to unveil its 2013 challenger with the public launch of the Mercedes-powered MP4-28 on Thursday morning. McLaren finished the 2012 season in third place in the constructors' championship behind Red Bull and Ferrari, despite scoring as many victories as the world champion squad with seven.

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Deal of the Day: 31% off Incipio Lexington Hard Shell Folio Case for iPad mini

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Mass shooting in Phoenix, Arizona injures at least three people

At least three people have been injured in the latest shooting incident in the US. However, some media outlets are reporting five to six injured. The shooting occurred at 10:30 am MST (12:30 pm EST) in an office building complex in Phoenix, Az. Updated.

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UPDATE 2-Blackstone's earnings outshine real estate

* Adjusted ENI per unit 59 cents vs street view of 47 cents

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Facebook Plays The Long Game As Revenue Climbs While Profits Fall

Facebook is doing a bit of empire building - and that ain't cheap. In the fourth quarter of 2012, Facebook profits fell sharply even as revenue continued to grow.

In the fourth quarter, Facebook reported $1.59 billion in revenue, up 40% from the previous year and topping Wall Street estimates that revenue would rise to $1.52 billion, a 34% increase. But in spite of that growth, Facebook's profits shrank by 79% as the company significantly increased its spending.

Delivering on the promise of agressively monetizing its mobile efforts, 23% of total ad revenue came from Facebook's mobile apps in the fourth quarter. The company rounded out the year with $1.33 billion coming from ads.

"2012 was a big year for us," said Mark Zuckerberg, Facebook founder and CEO on Wednesday's earnings call with analysts and journalists. "There are now more people using Facebook on mobile every day than on desktop"

Growth In Spending To Continue

Zuckerberg noted that Facebook will continue to hire aggressively and build out its products, projecting its expenses to increase by 50% as it invests in a variety of near-term projects: 

Highlights Of Facebook's Q4 2012 Results

• At the end of 2012, Facebook grew to 1.06 billion monthly active users (MAUs)
• On average, Facebook had 618 million daily active users in December 2012
• Fourth quarter costs and expenses were $1.06 billion, an increase of 82% from the fourth quarter of 2011. 
• 680 million people accessed Facebook from mobile devices in December 2012
• On New Year's Day, 600 million people uploaded photos to Facebook
• Facebook ended 2012 with 4,600 employees
• Revenue from user-promoted posts and Gifts is "very small" and isn't expected to grow dramatically
• In December 2012, 59% of users logged into Facebook on an average day 

Apparently investors aren't sure know what to make of Facebook's long-game strategy as it plays catch-up in mobile. In after hours trading, Facebook shares fell around 2.9%. 

Does Facebook Have It Figured Out?

But is Facebook's "trust us" approach really going to end well? Well, given that Facebook went into 2012 essentially inept at mobile, it does seem like things are finally coming together. As smartphone and tablets continue to eclipse the social network's desktop presence, it is slightly ahead of the game - even if it began behind.

Facebook wasted a lot of time building its mobile apps in HTML. It dragged its feet launching an iPad app (no, really... why did that take so long?). But since the company has respectably grown its mobile ad revenue in Q4, Facebook is proving that it knows how to make money where it counts. But it needs to move fast in monetizing that massive mobile captive audience .

Moving Fast On Mobile And Admitting Mistakes

The company was realistic about how its more gimmicky revenue streams like user promoted posts and Gifts weren't drumming up much cash, so it does sound like Zuck's head is on straight. Still, how long will Facebook need to empire build - and pour money into product development and talent - before investors start seeing returns?

The fact that the company is fracturing its own product with some odd spin-off clones remains a bit disconcerting. But Facebook's commitment to building out Nearby, its location check-in feature, could prove huge for mobile revenue, even if it's in the midst of an identity crisis.

Since Facebook basically told us to wait and see, the first quarter of 2013 will be the real crucible here. But Facebook's stock has recovered a good chunk of its value from the rock-bottom levels of mid-2012. Zuckerberg is learning from the company's missteps, like saying the biggest mistake was "betting on HTML5" in his first post-IPO public appearance. By the end of 2012, Facebook was iterating fast. 

Considering that Zuckerberg and co. delivered on their Q3 promises and refocused around what counts, Facebook's vision of a sustainable, mobile-driven revenue model sounds like it just might bear fruit.

Image by Taylor Hatmaker

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CDC: Leafy Vegetables Most Likely To Blame In Food-Related Illnesses

Leafy greens are good for you, right? They are, if they are well-washed. The CDC has published which foods are most linked to outbreaks, and leading the pack is produce, which causes nearly half the illnesses.

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Twitter Was Once a Vision. Now It's a Prison

Matt Lewis, The Week
Soren Dayton and Rob Bluey — two conservative tech geniuses — talked me into joining Twitter during a lunch Ed Morrissey organized at an Iraqi restaurant in Minneapolis during the 2008 Republican convention. Life hasn't been the same since.Of course, I can hardly claim to be an early adopter. But by virtue of signing up in 2008 (my original handle was @MattLewis01), I was at least well ahead of the curve. And soon enough, I became not only a proponent of Twitter, but also a sort of evangelist.

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Sony Pictures Classics Nabs Gonzo Doc 'For No Good Reason'

The Charlie Paul-helmed film, which focuses on illustrator Ralph Steadman, features Johnny Depp.

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Labor board ruling challenged because of 2010 recess appointment

NEW YORK, Jan 30 (Reuters) - A home builder has asked a
federal appeals court to throw out a National Labor Relations
Board ruling, citing Friday's decision by another appeals court
that President...

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Conway working on more RLL outings

Mike Conway is optimistic of adding more races to his 2013 portfolio following yesterday's announcement of his deal to race a second Rahal Letterman Lanigan entry at Long Beach in April. The Briton stepped away from IndyCar prior to last year's final round at Fontana after deciding that he no longer wished to race on ovals

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Immigration: Did Senators Get It Right?

After years of false starts, national leaders finally seem ready to overhaul the nation's immigration system. A group of bipartisan senators released a new immigration proposal this week and President Obama seemed to endorse it. Guest host Celeste Headlee asks a former immigration official, does the proposal offer real solutions?

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Consumer spending jumps, GDP prospects brighten

WASHINGTON (Reuters) - U.S. consumer spending increased by the most in seven months in February as households shook off a rise in gasoline prices, leading economists to raise forecasts for...

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Big Boi and Lil Wayne Headline Madden Bowl XIX in New Orleans

EA Sports will kick off Super Bowl weekend on Jan. 31 with several musical performances.

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Florida man fatally stabs wife during argument over hamburger

After a woman finds her mother dead in Florida, police say a 78-year-old man has confessed that he became so enraged when his wife refused to cook him a hamburger that he stabbed her to death.

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Academy acquires 1,000 vintage movie posters for Oscar library

Chicago real estate developer Dwight Cleveland has donated over 1,000 vintage movies posters from his collection to the Academy of Motion Picture Arts and Sciences.

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Friday Freebie: Valentine?s Day Measuring Cup Gift Tags Printable

I inherited my father's sense of humor, which means I often speak in puns or tell other really terrible jokes. It's silly and probably sometimes even kind of painful, but there is one time of year it comes in handy: Valentine's Day! When I spied some cute measuring cups I was hit with sudden inspiration to crack just such a joke. ...

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'Madgascar 3' box office: Are we living in the era of the 1%?

"Madagascar 3," starring Chris Rock, defeated Rock of Ages and That's My Boy at the box office this weekend; aloing with Avengers and Hunger Games, it is one of a handful of ilms to dominated the box office this weekend.

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Venezuelan vice president says Chavez is "very optimistic" of recovery

CARACAS (Reuters) - Hugo Chavez is upbeat about recovering from cancer and confident in his medical team, his No. 2 said on Tuesday in the latest message from the Venezuelan leader's sickbed in Cuba.

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Stanaway ?back to full fitness?

Richie Stanaway believes he is back to 100 per cent fitness following the back injury which curtailed his 2012 Formula Renault 3.5 season. The Gravity-backed Lotus F1 junior driver was forced out of action following an aerial crash at Spa in June. Following a long lay-off from the cockpit, Stanaway is satisfied that he is back to full fitness.

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Homeownership rate slips, rental vacancies up

WASHINGTON (Reuters) - The share of privately owned homes edged down in the fourth quarter and rental vacancies rose, government data showed on Tuesday, underscoring the challenges still confronting the housing market recovery.

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Local Documentary Follows Women on the Frontlines

KDKA-AM's Larry and John talk to JulieHera DeStephano, who made a documentary about women of war and how they cope.

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