March 29, 2012 in Business

Bezos locates Apollo engines

 

LOS ANGELES – The huge engines that helped boost the Apollo 11 mission to the moon have been in the Atlantic for more than four decades.

Now an Internet billionaire and space enthusiast says he used sonar to spot the artifacts and wants to raise at least one to the surface.

In a blog post Wednesday, Amazon CEO Jeff Bezos said he’s making plans to recover the sunken engines, part of the powerful Saturn V rocket that delivered Neil Armstrong to the moon. The engines dropped into the ocean as planned minutes after liftoff in 1969.

The engines belong to NASA, but Bezos hopes they’ll be displayed in a museum. The space agency wished Bezos luck with the recovery.

Google unveils tracking tool

SAN FRANCISCO – Google is offering to provide a monthly report to people who want to keep track of their activities on some of its most popular services.

The tool unveiled Wednesday includes a breakdown of Gmail correspondences and search requests entered while logged in. The summary also lists the Web browsers and operating systems used during logged-in sessions. Google Inc. also is reporting the countries where logins originated.

These details could help flag unauthorized account usage.

The monthly activity report will be sent by email to those who sign up for it. It’s an offshoot of another tool called Google Dashboard, which provides an even more extensive look at how people use Google products.

Google recently changed its privacy policy so it can link more data collected from its various services.

BofA’s CEO gets boost in pay

NEW YORK – Bank of America gave its CEO a pay package worth $7.5 million last year, six times as large as the year before. It happened while the company’s stock lost more than half its value and the bank lost its claim as the biggest in the country.

The package for CEO Brian Moynihan included a salary of $950,000, a $6.1 million stock award and about $420,000 worth of use of company aircraft and tax and financial advice. The figures are according to an Associated Press analysis of a regulatory filing Wednesday. In 2010, Moynihan’s pay package totaled $1.2 million.

Moynihan, 52, took over as CEO in 2010. Besides the lawsuits, his first year was marked by mounting losses in credit cards and vastly reduced income from checking accounts. Bank of America lost $2.2 billion and its stock lost 58 percent of its value in 2011.


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