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SolarCity recuses two more board members from voting on Tesla offer
Sat, 25 Jun 2016 14:51:22 -0400 -

File photo of Elon Musk, chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity?s Inside Energy Summit in Midtown, New YorkTwo additional SolarCity Corp board members with ties to Elon Musk are recusing themselves from making decisions regarding Tesla Motors Inc's offer to buy the solar power company, in a bid to alleviate corporate governance concerns surrounding a potential deal. The new recusals mean the majority of SolarCity's board will be sitting out the decision on whether to be acquired by Tesla. Peter Rive, who is the cousin of Tesla chief executive and SolarCity chairman Musk, along with JB Straubel, chief technology officer and co-founder of Tesla, are both recusing themselves from the decision-making process, SolarCity spokesman Jonathan Bass said in a statement emailed to Reuters late on Friday.

Investor George Soros calls for reconstruction of EU after 'Brexit' vote
Sat, 25 Jun 2016 16:09:00 -0400 -

Business magnate George Soros arrives to speak at the Open Russia Club in London(Reuters) - Billionaire investor George Soros on Saturday called for thorough reconstruction of the European Union in order to save it, even though he warned that Britain's vote to leave the bloc makes "disintegration of the EU practically irreversible." Soros, who warned of financial meltdown if Britain voted to leave the EU before Thursday's referendum, also said the effects of the decision will likely damage Britain. "Britain eventually may or may not be relatively better off than other countries by leaving the EU, but its economy and people stand to suffer significantly in the short to medium term," he wrote in a commentary on the website Project Syndicate. Soros made huge profits in 1992 by betting against the British pound as it crashed below the preset level and had to be withdrawn from the European Exchange Rate Mechanism.

Wall Street eyes low rates, earnings after Brexit rout
Sat, 25 Jun 2016 04:12:31 -0400 -

Traders work on the floor of the New York Stock Exchange (NYSE) in New YorkU.S. companies do stand to lose from Britain's divorce from the EU, a process expected to take two years to negotiate. Fed Chair Janet Yellen is scheduled to speak at an event in Portugal on Wednesday and investors will want to know how she sees the so-called Brexit changing the outlook for the U.S. economy and interest rates.

TransCanada formally seeks NAFTA damages in Keystone XL rejection
Sat, 25 Jun 2016 14:12:57 -0400 -

A depot used to store pipes for Transcanada Corp's planned Keystone XL oil pipeline is seen in Gascoyne North DakotaTransCanada Corp is formally requesting arbitration over U.S. President Barack Obama's rejection of the Keystone XL pipeline, seeking $15 billion in damages, the company said in legal papers dated Friday. TransCanada submitted a notice for an arbitration claim in January and had then tried to negotiate with the U.S. government to "reach an amicable settlement," the company said in files posted on the pipeline's website. TransCanada said it then filed its formal arbitration request under North American Free Trade Agreement (NAFTA) provisions, seeking to recover what it says are costs and damages.

Central banks ready to cooperate after Brexit result
Sat, 25 Jun 2016 16:23:25 -0400 -

City workers walk past the Bank of England in the City of London, BritainCentral banks are ready to cooperate to support financial stability in the wake of Britain's vote to leave the European Union, the Bank for International Settlements said on Saturday. Central bankers gathered at the organization's global economy meeting in Switzerland discussed the implications of the referendum. "Governors endorsed the contingency measures put in place by the Bank of England and emphasized the preparedness of central banks to support the proper functioning of financial markets," said Agustín Carstens, chairman of the global economy meeting.

Sterling pares losses after hitting 31-year low on Brexit
Fri, 24 Jun 2016 16:15:00 -0400 -

A board above the floor of the New York Stock Exchange (NYSE) shows the current standing of the British Pound sterling and the Euro, in New YorkBy Sam Forgione NEW YORK (Reuters) - Sterling edged off lows against the U.S. dollar on Friday, recovering slightly from a 10 percent plunge to its weakest in 31 years following Britain's vote to leave the European Union, on reassuring statements from central banks. Sterling was last down 8.1 percent against the dollar, at $1.3662, after touching its weakest since before the 1985 Plaza Accord of $1.3228. Traders said Bank of England chief Mark Carney's comments that the central bank stood ready to provide extra support helped sterling recover.

Ratings agency Moody's says Britain at risk of credit downgrade
Fri, 24 Jun 2016 17:55:03 -0400 -

A British flag flutters in front of a window in London,By David Milliken LONDON (Reuters) - Ratings agency Moody's said Britain's creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its exit from the bloc. Moody's assigned a negative outlook to its 'Aa1' rating for British government debt after a Thursday referendum showed that a clear majority of Britons wanted to leave the EU, prompting Prime Minister David Cameron to announce he would resign. Britain's finance ministry and central bank had warned voters the country would face a major economic hit if it left the EU after more than 40 years as a member, and sterling on Friday fell to its lowest against the dollar since 1985.

Britain's EU commissioner, finance chief Hill, resigns
Sat, 25 Jun 2016 12:44:14 -0400 -

Britain's EU Commissioner Lord Jonathan HillBy Alastair Macdonald BRUSSELS (Reuters) - The British member of the EU executive, Financial Services Commissioner Jonathan Hill, resigned on Saturday after having campaigned against Britain leaving the European Union. Following the referendum vote for Brexit on Thursday, few expected a Briton to retain oversight of the EU banking and finance market that will be a key battleground in negotiations between London and Brussels on dissolving British membership. European Commission President Jean-Claude Juncker said he was handing the portfolio to Valdis Dombrovskis, who will take it into his brief as vice president for the euro from July 16.

Exclusive: Google, Facebook quietly move toward automatic blocking of extremist videos
Fri, 24 Jun 2016 20:32:15 -0400 -

A 3D plastic representation of the Facebook logo is seen in this illustration in ZenicaBy Joseph Menn and Dustin Volz SAN FRANCISCO/WASHINGTON (Reuters) - Some of the web’s biggest destinations for watching videos have quietly started using automation to remove extremist content from their sites, according to two people familiar with the process. The move is a major step forward for internet companies that are eager to eradicate violent propaganda from their sites and are under pressure to do so from governments around the world as attacks by extremists proliferate, from Syria to Belgium and the United States. YouTube and Facebook are among the sites deploying systems to block or rapidly take down Islamic State videos and other similar material, the sources said.

Brexit baffled punters, pundits and fund managers to the very end
Sat, 25 Jun 2016 03:48:58 -0400 -

A trader from BGC, a global brokerage company in London's Canary Wharf financial centre reacts during tradingBritain's vote to leave the European Union shocked pundits, investors and politicians alike, underscoring the inherent difficulty of forecasting such rare events.    On PredictIt, an online political events betting site operated by Victoria University in Wellington, New Zealand and U.S.-based partners, bettors had the probability of a “leave” camp win at just 16 percent on Thursday as British polls closed.    The dramatic reversal caught many investors flat footed and showed how they have trouble hedging against such shocks even with the help of such tools as exchange-traded funds or computer algorithms designed to capture an electorate's social media vibe, economists, pollsters and fund managers said on Friday.

Six gadgets made from LEGO bricks
Sat, 25 Jun 2016 16:00:00 -0400 -
Samsung's next phablet phone may be the 'Galaxy Note 7,' tipster says
Sat, 25 Jun 2016 15:07:24 -0400 -

Samsung's next phablet phone may be the 'Galaxy Note 7,' tipster saysMobile reporter Evan Blass, who often gets reliable phone leaks, claims Samsung's next big phone will skip the Galaxy Note 6 moniker.

Snowden's email provider confirms it was an investigation target
Sat, 25 Jun 2016 14:28:00 -0400 -
The real cost of virtual reality
Sat, 25 Jun 2016 14:24:01 -0400 -

The real cost of virtual realitySplurging on a high-priced VR headset is just the beginning. The computer hardware needed to run Oculus Rift and HTC Vive can cost several times as much.

Stephen Colbert ridicules Ticketmaster's free-voucher concerts
Sat, 25 Jun 2016 14:16:03 -0400 -

Stephen Colbert ridicules Ticketmaster's free-voucher concertsTechnically Incorrect: Yes, you too can get free tickets for a Black Sabbath tribute band. If you try very hard.

Brexit: The tech world reacts to UK's withdrawal from EU
Sat, 25 Jun 2016 13:45:38 -0400 -

Brexit: The tech world reacts to UK's withdrawal from EUIn spite of what the tech industry hoped, the UK and the EU have decided to go their separate ways. Now's the time to keep a stiff upper lip.

Seven tips on keeping your phone safe while traveling
Sat, 25 Jun 2016 13:41:45 -0400 -

Seven tips on keeping your phone safe while travelingIn this edition of Ask Maggie, CNET's Marguerite Reardon offers advice on how to make sure your vacation isn't ruined by becoming a victim of mobile cybercrime.

Bose's best headphones are even better wireless
Sat, 25 Jun 2016 13:00:00 -0400 -
Reuters: Big tech companies are auto-purging extremist content
Sat, 25 Jun 2016 11:29:00 -0400 -
Recommended Reading: How the 'Final Fantasy' film helped Hollywood
Sat, 25 Jun 2016 10:00:00 -0400 -
The Whale of Iron: Inside the JMSDF Akishio submarine and the Kure Maritime Museum
Sat, 25 Jun 2016 09:00:03 -0400 -

The Whale of Iron: Inside the JMSDF Akishio submarine and the Kure Maritime MuseumJapan's Akishio submarine was decommissioned in 2004 and now sits on dry land just outside Hiroshima. The Kure museum next door has a scale model of the largest battleship ever built. Here's what they're like inside.

ICYMI: The dogbot and a heart strap that beats surgery
Sat, 25 Jun 2016 09:00:00 -0400 -
A $1,500 smart oven made me the perfect leg of lamb
Sat, 25 Jun 2016 08:00:00 -0400 -
iPhone 7 will get a larger camera, according to spy shot (updated)
Sat, 25 Jun 2016 06:02:00 -0400 -
Four crops grown in simulated Martian soil are safe to eat
Fri, 24 Jun 2016 23:52:00 -0400 -
BitSummit 4 takes over Kyoto with more indie games and devs
Fri, 24 Jun 2016 23:43:00 -0400 -
Neural net photography tweaks go mobile with Prisma on iOS
Fri, 24 Jun 2016 23:05:00 -0400 -
MIT's answer to global health issues: Democratizing big data analytics
Fri, 24 Jun 2016 22:40:45 -0400 -

MIT's answer to global health issues: Democratizing big data analyticsDiscover how medical professionals and MIT researchers are using data-enabled systems to help doctors around the world make the best healthcare decisions.

Facebook hires Google Fiber co-founder Kevin Lo
Fri, 24 Jun 2016 22:26:00 -0400 -
DHS seeks to ask foreign visitors their social media accounts
Fri, 24 Jun 2016 21:55:00 -0400 -
Obama, Zuckerberg promote entrepreneurship at Stanford
Fri, 24 Jun 2016 21:25:49 -0400 -

Obama, Zuckerberg promote entrepreneurship at StanfordPresident Barack Obama and Facebook co-founder Mark Zuckerberg talk about the importance of entrepreneurs at the Global Entrepreneurship Summit.

Nevada gives its first license to a daily fantasy sports game
Fri, 24 Jun 2016 21:21:00 -0400 -
Russia set to pass bill requiring ISPs to eavesdrop on customer data
Fri, 24 Jun 2016 20:32:00 -0400 -
Build a Portal Gun from 'Rick & Morty' on the cheap
Fri, 24 Jun 2016 20:17:43 -0400 -

Build a Portal Gun from 'Rick & Morty' on the cheapLatest episode of "DIY Prop Shop" shows you how to make a weapon prop from the Adult Swim animated comedy series "Rick & Morty."

Celebrate 20 years of 'Quake' with a brand new game episode
Fri, 24 Jun 2016 19:43:00 -0400 -
Xbox exec responds to Scorpio concerns
Fri, 24 Jun 2016 19:36:02 -0400 -

Xbox exec responds to Scorpio concernsXbox Head of Operations Dave McCarthy: "We really do intend it to be a seamless experience going across that ecosystem of devices."

Watch molten copper destroy a Rubik's Cube and Ping-Pong balls
Fri, 24 Jun 2016 19:09:09 -0400 -

Watch molten copper destroy a Rubik's Cube and Ping-Pong ballsWhen classic toys get covered in molten copper, the results are anything but playful.

Apple discontinues the 27-inch Thunderbolt Display. What's next? (Apple Byte Extra Crunchy Podcast, Ep. 43)
Fri, 24 Jun 2016 19:02:03 -0400 -

Apple discontinues the 27-inch Thunderbolt Display. What's next? (Apple Byte Extra Crunchy Podcast, Ep. 43)Everything points to the next big upgrade coming in 2017 for the 10th anniversary of the iPhone. The Apple Watch is looking at new display tech, and say goodbye to the Thunderbolt Display.

A painfully telling video about Brexit sweeps the web
Fri, 24 Jun 2016 18:57:30 -0400 -

A painfully telling video about Brexit sweeps the webTechnically Incorrect: Within hours of Britons voting, a chief proponent of withdrawing from the EU says one of the Leave campaign's biggest promises was false. The news spreads quickly on Twitter.

'Destiny' distances itself from PS3 and Xbox 360 in August
Fri, 24 Jun 2016 18:26:00 -0400 -

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