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European bonds and stocks on the defensive before tight Greek vote
Fri, 03 Jul 2015 07:50:17 -0400 -

Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchangeYields on top-rated German 10-year Bunds, the benchmark for European borrowing costs, fell as some investors chose to preserve their capital in low-yielding but relatively safe assets. The moves were marginal, though, as investors did not want to position too heavily on either side. "The European market is frozen ahead of the Greek referendum," said Markus Allenspach, head fixed income research at Julius Baer.

Tsipras dismisses Europe's warnings to Greece on vote
Fri, 03 Jul 2015 10:53:42 -0400 -

Men prepare voting booths ahead of the referendum at a high school, which will be used a polling station in AthensBy Lefteris Karagiannopoulos and George Georgiopoulos ATHENS (Reuters) - Prime Minister Alexis Tsipras rejected European warnings that Greeks will be deciding on their future in the euro zone in a referendum on Sunday, saying negotiations would continue for a better deal with international creditors after the vote. In a televised address on Friday, Tsipras said a report by the International Monetary Fund which arguing that Greece's massive public debt could not be sustained without significant writedowns vindicated his advice to reject the lenders' terms. "On Sunday what is at stake is not Greece's membership of Europe, what is at stake is whether blackmail will lead us to accept the continuation of a policy which the lenders themselves recognize is a dead end," he said.

Aetna to buy Humana for $37 billion in largest insurance deal
Fri, 03 Jul 2015 04:14:13 -0400 -

A trader points up at a display on the floor of the New York Stock ExchangeHealth insurer Aetna Inc said it would buy smaller rival Humana Inc for about $37 billion in cash and stock, in the largest ever deal in the insurance industry. The combination will push Aetna close to Anthem Inc's No.2 insurer spot by membership, and would nearly triple Aetna's Medicare Advantage business. The deal will face antitrust scrutiny but if it goes through it would dwarf the previous largest insurance deal announced just this week, where Swiss property and casualty giant ACE Ltd announced it was buying Chubb Corp for $28 billion.

China hunts for 'manipulators' as stocks tumble
Fri, 03 Jul 2015 06:51:33 -0400 -

An investor walks past as information displayed on an electronic screen at a brokerage house in ShanghaiChinese stocks tumbled again on Friday, taking the week's losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation and announced a slew of measures aimed at heading off a full-blown crash. After a slump of nearly 30 percent in Chinese stocks since mid-June, the China Securities Regulatory Commission (CSRC) has set up a team to look at "clues of illegal manipulation across markets". After market close, a CSRC spokesman said China would cut initial public offerings and capital raisings and support long-term investors entering the market to help stabilize prices.

UBS has whistleblower deal in Brazil currency investigation: paper
Fri, 03 Jul 2015 08:19:34 -0400 -

Waning moon is seen behind a logo of Swiss bank UBS in ZurichSAO PAULO (Reuters) - Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil's currency market and will receive no punishment in the case, a local newspaper reported on Friday. The investigation, which involves 15 of the world's largest banks, began following the presentation of evidence by UBS, Valor Economico reported, without naming its sources. A UBS press representative did not immediately respond to a request for comment. ...

BP reaches $18.7 billion settlement over deadly 2010 spill
Thu, 02 Jul 2015 21:25:09 -0400 -

File photo of fire boat response crews battling the blazing remnants of the offshore oil rig Deepwater Horizon off LouisianaBy Terry Wade and Kristen Hays HOUSTON (Reuters) - BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act fines and natural resource damages, plus $4.9 billion to states. The preliminary settlement, subject to all sorts of variables, avoids a substantial amount of further litigation.

Fearing return to drachma, some Greeks use bitcoin to dodge capital controls
Fri, 03 Jul 2015 08:06:28 -0400 -

A man demonstrates the use of a Bitcoin ATM at a bookstore in Acharnai in northern Athens, GreeceBy Jemima Kelly LONDON (Reuters) - There is at least one legal way to get your euros out of Greece these days, to guard against the prospect that they might be devalued into drachmas: convert them into bitcoin. New customers depositing at least 50 euros with BTCGreece, the only Greece-based bitcoin exchange, open only to Greeks, rose by 400 percent between May and June, according to its founder Thanos Marinos, who put the number at "a few thousand". Using bitcoin could allow Greeks to do one of the things that capital controls were put in place this week to prevent: transfer money out of their bank accounts and, if they wish, out of the country.

Airlines' undisciplined talk may have led to antitrust probe: experts
Thu, 02 Jul 2015 16:17:11 -0400 -

A worker from United attends to some customers during their check in process at Newark International airport in New JerseyFrequent assurances by U.S. airline executives that they would maintain "discipline" when adding seats on competitive routes were a red flag for antitrust regulators on alert for collusion between the four largest air carriers, antitrust experts said Thursday. The U.S. Justice Department disclosed Wednesday that it has demanded details from the airlines about their communications on capacity with analysts, investors, the public and each other. Concern about coordination among the big air carriers was one reason the Justice Department sued in 2013 to stop U.S. Airways from merging with American Airlines.

Mixed U.S. jobs report dampens September rate hike bets
Thu, 02 Jul 2015 16:40:47 -0400 -

Paige Leonard speaks with a recruiter from a jewelry and gem company during the GIA Jewelry Career Fair in New York in this file photoBy Lucia Mutikani WASHINGTON (Reuters) - U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. The Labor Department said on Thursday nonfarm payrolls rose 223,000 last month after a downwardly revised 254,000 increase in May, with construction and government employment unchanged, and the mining sector purging more jobs. April payrolls were also lowered, meaning 60,000 fewer jobs were created during the two months than previously reported.

Heinz completes Kraft purchase, Buffett joins board
Thu, 02 Jul 2015 17:57:33 -0400 -

A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese and a bottle of Kraft Original Barbecue Sauce on a grocery store shelf in New York(Reuters) - H.J. Heinz Co on Thursday completed its purchase of Kraft Foods Group Inc, creating the third largest food and beverage company in North America and fifth largest worldwide.

General Mills to drop artificial ingredients from cereals
Mon, 22 Jun 2015 09:08:28 -0400 - NEW YORK (AP) — General Mills is dropping artificial colors and flavors from its cereals, the latest company to respond to a growing desire for food made with ingredients people see as natural.
Here's why your favorite subreddits are unavailable
Fri, 03 Jul 2015 11:15:00 -0400 - Sad to say your Fourth of July weekend Redditing might not be as smooth as you'd hoped. A number of major subreddit mods have set their domains to private after news broke out that one of the website's ...
How I learned to love Alexa (and Amazon's Echo)
Fri, 03 Jul 2015 10:30:00 -0400 - After the failure of the Fire Phone and the so-so Fire TV, it was hard to get excited about Amazon's $180 Echo wireless speaker. At best, it seemed like a superfluous device that simply mimicked voice-powered ...
#ICYMI: NFC Cognac Caps, play a Virtual Neymar, and More
Fri, 03 Jul 2015 09:00:00 -0400 - #fivemin-widget-blogsmith-image-361023{display:none;} .cke_show_borders #fivemin-widget-blogsmith-image-361023, #postcontentcontainer #fivemin-widget-blogsmith-image-361023{width:570px;display:block;} ...
iPhone 6S/7 rumor roundup
Fri, 03 Jul 2015 08:25:00 -0400 -

iPhone 6S/7 rumor roundupApple is, as we've come to expect, tight-lipped as to how the new iPhone will differ from the existing offering. But where there's an information vacuum, there are no end of rumors and speculation ready to fill it.

Top Android news of the week: LG security flaw, Gello browser, Galaxy S6 Edge Plus
Fri, 03 Jul 2015 08:00:00 -0400 -

Top Android news of the week: LG security flaw, Gello browser, Galaxy S6 Edge PlusThis week in Android saw reports of a new browser by Cyanogenmod, leaks of the S6 Edge Plus, and word of a security flaw affecting LG phones.

Google's 'GG1' teases a new version of Glass
Fri, 03 Jul 2015 07:30:00 -0400 - Before a company announces a device, it has to pass through the FCC's secretive bunker to ensure that it's wireless radios are safe for human contact. Droid Life has trawled through the most recent list ...
Plex forum data held hostage: change your password now
Fri, 03 Jul 2015 06:55:31 -0400 -

Plex forum data held hostage: change your password nowA hacker is demanding payment -- or Plex will find its data spread across the Internet.

Uber suspends UberPOP in France
Fri, 03 Jul 2015 06:18:00 -0400 - The conflict between Uber and France takes another turn with the news that the company will suspend UberPOP from 8pm (France time) today. The ride-sharing outfit has suffered plenty of protest from taxi ...
​The last seconds are ticking off the U.S. IPv4 network clock
Fri, 03 Jul 2015 06:00:00 -0400 -

​The last seconds are ticking off the U.S. IPv4 network clockARIN reports it only has about two to four weeks of IPv4 Internet address blocks left.

Politician against violent games pleads guilty in gun-running case
Fri, 03 Jul 2015 05:50:00 -0400 - Oh, the irony. Disgraced former senator Leland Yee has pleaded guilty to charges of taking bribes in exchange for votes, racketeering and promising to smuggle guns into the US from the Philippines. Of ...
Microsoft and Kyocera quietly squash patent beef
Fri, 03 Jul 2015 04:31:00 -0400 - Microsoft can cross out another patent dispute in its list, now that it has settled its issue with Kyocera. Redmond filed a lawsuit against the Japanese electronics maker back in March, claiming that the ...
Music streaming has officially exploded in the UK
Fri, 03 Jul 2015 04:15:00 -0400 - Music streaming has never been more popular in the UK. The latest figures from the Official Charts Company show that 11.5 billion tracks were streamed in the first six months of 2015. That's almost double ...
EE fined £1 million for not properly dealing with complaints
Fri, 03 Jul 2015 04:05:00 -0400 - As part of its job as the communications industry regulator, Ofcom routinely checks to see if UK mobile carriers are doing a good job of looking after their customers. This includes how they log complaints ...
Chevy's 2016 cars can keep charging phones from overheating
Fri, 03 Jul 2015 02:38:00 -0400 - Early summer on the East Coast hasn't been its usual level of brutal this year, but it's only a matter of time before smartphones start wigging out in the heat. Things only get trickier when you're charging ...
BlackBerry ejected from the Australian Parliament
Fri, 03 Jul 2015 02:03:16 -0400 -

BlackBerry ejected from the Australian ParliamentLike a Labor MP during Question Time under Speaker Bronwyn Bishop, the humble BlackBerry smartphone has been kicked out of the Australian Parliament.

Silverlight dumped in Microsoft plugin spring cleaning with Edge
Fri, 03 Jul 2015 00:55:55 -0400 -

Silverlight dumped in Microsoft plugin spring cleaning with EdgeAlong with throwing out ActiveX, VBScript, and IE8 quirks mode, Microsoft has decided that Silverlight has no place in its upcoming Edge browser.

N64 controller modded to (sort of) work with the Xbox One
Fri, 03 Jul 2015 00:52:00 -0400 - Microsoft has an exorbitant $150 controller coming this year that it hopes will make up for the Xbox One's middling gamepad, but that won't make the upcoming Rare Replay feel any more authentic when you ...
Casio is making smartwatches, too
Thu, 02 Jul 2015 23:37:00 -0400 - When America's greatest actor needed to defuse a bomb mounted to a passenger bus, there was only one name he could trust to keep time: Casio. Like Keanu Reeves, the company's fallen out of the limelight ...
DNA sequencing shows how woolly mammoths got that way
Thu, 02 Jul 2015 22:46:00 -0400 - In what is being called the "most comprehensive" study of its kind, a team from the University of Chicago claims that it has revealed the massive amount of genetic change needed for woolly mammoths ...
Philadelphia legalises Airbnb-type services
Thu, 02 Jul 2015 22:14:09 -0400 -

Philadelphia legalises Airbnb-type servicesThe US city of Philadelphia has legalised Airbnb and other short-term rental facilities, embracing the sharing economy by regulating services.

​RBA to revamp core banking platform
Thu, 02 Jul 2015 21:54:50 -0400 -

​RBA to revamp core banking platformThe Reserve Bank of Australia has issued a request for tender as it seeks a new core banking solution.

Greece's No-Win Situation
Thu, 02 Jul 2015 21:44:23 -0400 - Athens is playing a high-stakes game of chicken with the rest of Europe -- but sooner or later, this game is bound to end in disaster.
Sky slams 'excessive faults' on BT copper lines
Thu, 02 Jul 2015 21:29:23 -0400 -

Sky slams 'excessive faults' on BT copper linesBritish internet service provider Sky has called for a full separation of BT's wholesale and retail arms, accusing the incumbent of failing to adequately maintain the last mile of copper lines.

BlackBerry's 'Venice' Android slider is coming to AT&T (update)
Thu, 02 Jul 2015 21:23:00 -0400 - Rumors of a fully Android-powered BlackBerry device popped up again last month, and today Evan Blass aka evleaks has posted a picture showing a glimpse of the phone. Specs for the alleged "Venice" ...
Chinese mainland misses out on Apple Music launch
Thu, 02 Jul 2015 21:10:24 -0400 -

Chinese mainland misses out on Apple Music launchThe initial launch of Apple Music has skipped the Chinese mainland, but in future faces stiff competition from local music-streaming services Tencent and Baidu, which shoulder high-cost royalties in order to provide low-cost services to consumers.

Muckleston to hand over the reins at Microsoft NZ
Thu, 02 Jul 2015 20:28:00 -0400 -

Muckleston to hand over the reins at Microsoft NZBarrie Sheers selected to lead Microsoft NZ as Paul Muckleston moves into a new role.

Watch Russia launch crucial Space Station cargo at 12:55AM ET
Thu, 02 Jul 2015 20:06:00 -0400 - The International Space Station has had a tough time getting supplies lately between two rocket explosions and an orbital failure, but it's going to get an important lifeline in the near future... hopefully. ...
South Australian government signs iiNet for cloud services
Thu, 02 Jul 2015 20:01:15 -0400 -

South Australian government signs iiNet for cloud servicesiiNet will provide cloud services to three agencies of the government of South Australia on a consumption-based pricing model, the company has announced.

MasterCard is testing a new way for you to pay with your face
Thu, 02 Jul 2015 19:36:00 -0400 - MasterCard announced on Thursday that it's looking to add a layer of biometric security to its credit cards and all user will need to do is simply take a selfie. The system will create a digitized map ...

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