Microvision Inc. of Bothell said mechanics and service advisers at the nation’s fourth-largest Chevrolet dealership have begun using the company’s Nomad augmented vision devices. Classic Chevrolet in Grapevine, Texas, which has 70 service bays, began testing Microvision’s Nomad device with five of its technicians. Mechanics wear the device like a pair of glasses. Repair information such as instructions or diagrams is displayed on the lenses as the mechanics repair vehicles.
Worker productivity rising more slowly
The productivity of American workers rose at an annual rate of 2.9 percent in the spring, the slowest increase since late 2002, the government reported Tuesday. The Labor Department said the increase in productivity – the output of workers for each hour worked – in the April-June quarter followed a 3.7 percent rate of increase in the first quarter. The 2.9 percent increase was the smallest gain since productivity rose at an annual rate of 1.6 percent in the fourth quarter of 2002.
Trump casinos to file Chapter 11
Donald Trump’s glitzy, neon-trimmed casinos have busted. Now they’re headed for bankruptcy court, a $400 million bailout and a new corporate structure in which he surrenders much of his control. The roulette wheels will keep spinning and the nickel slots will keep eating coins at Trump Taj Mahal, Trump Plaza and Trump Marina, but parent corporation Trump Hotels &Casino Resorts Inc. may soon have new bosses calling the shots. The company will file for Chapter 11 bankruptcy protection in September, and expects to emerge within a year.
Google auction coming soon
Google Inc. will close the registration process for its IPO auction Thursday, setting the stage for the online search engine leader’s hotly anticipated stock market debut. The Mountain View-based company posted an online notice Tuesday announcing plans to end the registration process at 2 p.m. Thursday.
Business spending helps Cisco sales
Cisco Systems Inc. posted a 42 percent jump in earnings for its fiscal fourth quarter Tuesday as the networking giant continued to benefit from corporate spending on technology, as well as success as it branches beyond its core business of routers and switches. For the three months ended July 31, Cisco earned $1.4 billion, or 20 cents a share, compared with profits of $982 million, or 14 cents a share, in the same period last year. Sales rose 26 percent in the fourth quarter, to $5.9 billion from $4.7 billion in the same period of 2003.
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