The Ticker

Apple to build $850M solar farm

Apple has committed nearly $850 million to help build a solar energy farm that will generate power for its California facilities, Apple CEO Tim Cook announced yesterday.

Speaking at a technology conference hosted by Goldman Sachs, Cook revealed that Apple is partnering with First Solar to construct the 1,300-acre plant, which he hailed as one of the tech giant's most ambitious projects ever. Apple's two campuses, data center and all 52 Apple Stores in the state will draw power from the facility, which will be built in Monterey County, Cook said.

TODAY

 Treasury releases federal budget for January.

TOMORROW

 Labor Department releases weekly jobless claims.

 Commerce Department releases retail sales data for January.

 Freddie Mac releases weekly mortgage rates.

 Commerce Department releases business inventories for December.

THE SHUFFLE

Boston-based cloud database system developer ScaleBase announced that David Valovcin has joined the company as executive vice president of field operations. Valovcin brings more than 30 years of experience including at IBM, Guardium, Courion and Pegasystems.

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