Sunday, October 5, 2014
Saturday, October 4, 2014
Hackers who hit JPMorgan attacked some nine other firms: report
About nine other banks and brokerages were infiltrated by the same group of hackers who recently attacked computer systems at JPMorgan Chase & Co, the New York Times reported late on Friday, citing unnamed people briefed on the matter.
The report, which could not be independently verified and did not identify any of the victims beyond JPMorgan, said it was not clear how serious the attacks had been.
JPMorgan said on Thursday that names and contact information for some 83 million household and small business customers were stolen, making it one of the biggest data breaches in history.
The New York Times said the breadth of the attacks and uncertainty about the motives of the hackers are troubling U.S. policymakers and intelligence officials.
Representatives with the U.S. Secret Service could not be reached for comment on Saturday morning. The Secret Service is investigating the attack on JPMorgan.
Source - Reuters
Facebook wins EU approval for $19 billion WhatsApp bid
Facebook (FB.O), the world's most popular social network, gained European Union clearance on Friday for its proposed $19 billion takeover of mobile messaging startup WhatsApp in a deal setting it against the telecoms industry.
The landmark deal is the largest in Facebook's 10-year history and will give it a strong foothold in the fast-growing mobile messaging market.
WhatsApp is poised to become a potentially powerful rival to companies such as Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA) and Telecom Italia (TLIT.MI) with its plan to add free voice-call services for its 450 million customers later this year.
The European Commission said the Facebook-WhatsApp deal would not hurt competition.
"We have carefully reviewed this proposed acquisition and come to the conclusion that it would not hamper competition in this dynamic and growing market. Consumers will continue to have a wide choice of consumer communications apps," European Competition Commissioner Joaquin Almunia said.
Reuters was the first to report on Sept. 25 that the deal would be cleared unconditionally. U.S. regulators nodded through the deal in April.
WhatsApp and its rivals such as KakaoTalk, China's WeChat and Viber have in recent years won over telecoms operators' customers with a free text messaging option, posing a serious threat to the sector's revenues from this business, which totaled about $120 billion last year, according to market researcher Ovum.
Source - Reuters
Friday, October 3, 2014
HTC third quarter profit beats estimates as cost cuts offset weak sales
Taiwanese smartphone maker HTC Corp swung to better-than-expected profit in the third quarter from a heavy loss a year earlier, as cost cuts helped it offset the impact of still-sluggish sales.
Google X to eliminate screen bezels with Lego-like connectible displays
Google's laboratory for moonshot projects like Internet-beaming balloons and self-driving cars is reportedly hard at work on creating a display that could connect to other similar screens like Legos to create a much larger, seamless image.
Saturday, October 26, 2013
FBI seizes 144,000 Bitcoins from Silk Road founder worth $28.5 million
When the Federal Bureau of Investigation nabbed alleged Silk Road founder Ross Ulbricht, they left behind one giant piece of the puzzle – the mastermind’s hidden stashes of Bitcoins that may collectively be worth as much as $80 million.
Blackberry not a strategic fit for us: SAP CFO in magazine
(Reuters) - German business software group SAP is not interested in bidding for troubled smart phone maker Blackberry, its chief financial officer told a German magazine.
Exclusive: Aiming to avoid Facebook chaos, NYSE runs Twitter IPO test
(Reuters) - The New York Stock Exchange on Saturday did a test run of Twitter's highly anticipated market debut, as it seeks to avoid the types of problems that plagued Facebook's initial public offering on rival Nasdaq.
Friday, October 25, 2013
PlayStation 4 will require a Day One update to enable many basic features
Sony’s PlayStation 4 will require a Day One software update to enable full console functionality. The patch will weigh in around 300MB and enable basic features like Blu-ray and DVD support, party chat and the ability to listen to music in the background while playing a game.
Germany proposes locked-down national internet after recent NSA scandal
This morning information on the NSA phone tapping of 35 different world leaders dropped courtesy of whistleblower Edward Snowden, and now Deutsche Telekom is proposing to create a national internet to shield German users from prying eyes.
Nexus 5 expected to debut October 31 in the US
The anticipation and excitement surrounding the upcoming Nexus 5 smartphone and Android 4.4 Kitkat software update have reached a feverish pace, especially when you consider the phone briefly appeared on the Google Play store last week. And if the latest rumors prove to be true, consumers won’t have to wait much longer for the device as the latest suggests it will launch on October 31 in the US.
Telecom Italia shares extend losses amid capital hike talk
(Reuters) - Shares in Telecom Italia accelerated losses on Friday afternoon after a report said the debt-laden company might propose a rights issue for up to 2 billion euros ($2.8 billion).
Nasdaq says FINRA caps Facebook IPO claims at $41.6 million
(Reuters) - The total value of the claims that market makers can recover after suffering losses due to Nasdaq OMX Group Inc's botched handling of Facebook Inc's initial public offering is $41.6 million, the exchange operator said Friday.
Analysis: Apple, Facebook options reflect hopes for stock gains
(Reuters) - The options market is reflecting a higher probability of large upside moves in Apple Inc and Facebook Inc stock when both companies report quarterly earnings next week.
Thursday, October 24, 2013
Microsoft beats profit forecasts, shares jump
(Reuters) - Microsoft Corp cruised past Wall Street's quarterly profit and revenue forecasts on Thursday, helped by strong sales of its Office and server software to businesses, sending its shares up more than 5 percent after hours.
DARPA announces competition to build automated cyber defense system with $2M grand prize
The Pentagon has launched a competition calling on software developers to build a fully automated cyber defense system. The Cyber Grand Challenge will run for the next three years which should give contestants plenty of time to meet all of the Defense Advanced Research Projects Agency’s (DARPA) requests.
YouTube reportedly has its own paid subscription music service in the works
It appears as though all the big companies want to have their own music streaming service, and now it looks as though Youtube could be the next to do so.
T-Mobile extends 'Uncarrier' strategy to tablets with payment plans and free data
T-Mobile has spent the majority of 2013 rolling out an attractive set of features and services for phone users but with just a couple of months remaining, the wireless provider is shifting its attention to tablets.
Canon cuts profit forecast on first annual drop in high-end camera sales
(Reuters) - Japan's Canon Corp cut its operating profit outlook for the second quarter in a row, below analysts' estimates, warning that sales of its signature high-end cameras will fall this year for the first time since their launch in 2003.
Ericsson turnaround hopes hit by weaker U.S., Japanese demand
(Reuters) - Ericsson's turnaround drive was thrown into doubt on Thursday as the world's biggest mobile networks maker missed third-quarter profit forecasts and said sales were coming under pressure in the United States and Japan.
Wednesday, October 23, 2013
Slingbox now supports AirPlay streaming to Apple TV, Blockbuster On Demand and more
The SlingPlayer Mobile app for iOS now supports AirPlay meaning users can stream live television directly to Apple’s set-top box. The feature could be useful in the event you want to stream content from one TV in your home to another without needing a second set-top box from your cable or satellite provider or if you have a friend or family member willing to share their cable subscription.
Samsung secures 10-year Gorilla Glass supply, will own 7.4% of Corning
Samsung and Corning have announced a plan to strengthen on their product and technology collaborations with “a series of strategic and financial agreements” that will see the South Korean electronics firm own a 7.4% stake in the Gorilla Glass maker. The two have been involved in one way or another for over 40 years through equity investments, product development and commercialization initiatives, according to the press release.
Mark Zuckerberg was the highest-paid CEO in North America last year at $2.28 billion
Facebook founder Mark Zuckerberg was the highest paid chief executive officer of any North American company in 2012. The social network boss received $2.28 billion in compensation last year with nearly all of his yearly earnings coming as a result of exercising share options when the company went public.
Icahn says wrote to Apple CEO, will reveal contents on new website
(Reuters) - Billionaire activist investor Carl Icahn, who is urging Apple Inc to expand its share buyback plan, said on Wednesday he has written a letter to Apple Chief Executive Tim Cook and will reveal the contents on a website to be launched on Thursday.
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