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Foxconn’s Large Profit, Arrington Launching $20 Million Venture Fund, Apple Promotes Cloud Exec Eddie Cue

This and more important news from your Fast Company editors, with updates all day. Foxconn's Huge Profit . Foxconn , maker of hardware for Apple and a number of peer computing firms, has reported $943 billion profits for the first half of 2011, a significant turnaround from its $218 million loss for all of 2010.

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Carbonite IPO, Hulu’s Ad-Free Plans, Iceland’s Crowdsourced Constitution Is Ready, iPhone Maker’s Million-Robot Plan

This and more important news from your Fast Company editors, with updates all day. Carbonite's Cloudy IPO . Carbonite, a paid cloud-storage warehouse service, is prepping for an IPO--making the most of growing awareness about cloud technology, and before competitors like Amazon or Apple seal up much of the consumer-facing industry

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Nintendo Sticks To Its Guns, 4G Nexus S Soon–And Google Wallet

This and more important news from your Fast Company editors, with updates all day. No iPhone Games From Nintendo . A spokesman for the Japanese gaming giant confirmed yesterday that despite speculation, Nintendo won't make games for the ever-more popular iOS gaming platform

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