- Wall St. falls as healthcare, materials stumble
- Wed, 24 Aug 2016 16:20:41 -0400 -
Wall Street retreated on Wednesday, pulled lower by weakness in the materials and healthcare sectors as investors continued to weigh the possibility of an interest rate hike in the coming months. Materials were down 1.2 percent as names such as Newmont Mining and Freeport-McMoRan were the worst performing names on the S&P 500, losing more than 7 percent. The market is awaiting Federal Reserve Chair Janet Yellen's speech in Jackson Hole, Wyoming, on Friday for insight on the direction of monetary policy.
- HP Inc beats estimates, weak printer demand weighs on forecast
- Wed, 24 Aug 2016 18:45:58 -0400 -
By Aishwarya Venugopal (Reuters) - HP Inc , the hardware business of the former Hewlett-Packard Co, reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks. However, HP forecast current-quarter profit below analysts' estimates, reflecting weak sales of its printers as companies cut costs across industries. HP's shares fell nearly 6 percent in extended trading on Wednesday. Third-quarter revenue from the company's computer business rose 7.5 percent from the second quarter as sales of notebooks improved. ...
- U.S. banking regulators focused on cyber security after SWIFT attacks
- Wed, 24 Aug 2016 17:22:33 -0400 -
U.S. banking regulators said on Wednesday they are focused on cyber security risks and controls for U.S. financial institutions after attacks earlier this year involving the global financial network known as SWIFT. In a letter responding to questions from Representative Carolyn Maloney, a Democrat from New York, the regulators also said the U.S. Treasury Department's Office of the Comptroller of the Currency was drafting guidance on interbank messaging and wholesale payment systems. "As part of ongoing supervision activities, the OCC's onsite examination teams regularly address emerging issues, such as the recent reports of cyber-attacks involving SWIFT," said the letter from banking regulators including the Federal Reserve Board and Federal Deposit Insurance Corporation.
- Ex-Comverse CEO pleads guilty to fraud, a decade after fleeing to Africa
- Wed, 24 Aug 2016 18:31:20 -0400 -
By Nate Raymond NEW YORK (Reuters) - The former chief executive officer of Comverse Technology Inc pleaded guilty to securities fraud on Wednesday and was ordered detained a decade after fleeing the United States for Namibia to avoid prosecution. Jacob "Kobi" Alexander, the Woodbury, New York-based software developer's founder, entered the plea in federal court in Brooklyn, after ending his fight to avoid extradition. Benjamin Brafman, Alexander's lawyer, said he was "bitterly disappointed." It was unclear if Alexander would appeal.
- Puerto Rico cannot enforce a Wal-Mart tax: U.S. appeals court
- Wed, 24 Aug 2016 17:58:33 -0400 -
A U.S. appeals court on Wednesday said cash-strapped Puerto Rico cannot force Wal-Mart Stores Inc's affiliate on the island to pay a special corporate tax that the retailer claimed was discriminatory and violated the U.S. Constitution. The 1st U.S. Circuit Court of Appeals in Boston upheld a lower court order blocking Puerto Rico from imposing its alternative minimum tax against Wal-Mart Puerto Rico Inc. Wal-Mart argued it was the only company that fit that description and effectively taxed on items from its own distribution centers but not those bought from Puerto Rican vendors.
- More U.S. retailers probing phony Egyptian cotton
- Wed, 24 Aug 2016 15:22:28 -0400 -
CHICAGO/NEW DELHI (Reuters) - U.S. retailer Bed Bath & Beyond on Wednesday said it ordered an external audit of textiles from Welspun India , after Target Corp last week accused the Indian manufacturer of passing off cheap sheets as premium Egyptian cotton for two years. This could compound the woes of Welspun, which supplies to several large U.S. retailers and has seen its shares plummet nearly 43 percent since Target's announcement on Friday. It also harms Indian Prime Minister Narendra Modi's efforts to spur global companies to increase manufacturing in India.
- Iran, Ecuador discuss ways to strengthen oil prices
- Wed, 24 Aug 2016 15:19:20 -0400 -
By Alexandra Valencia QUITO (Reuters) - Iran and Ecuador on Wednesday discussed ways that the two countries can strengthen oil prices as Iran signals it may support joint efforts by exporters to prop up flagging crude. Iran has been boosting output since Western sanctions were eased in January. Tehran refused to join a previous attempt this year by OPEC plus non-members such as Russia to stabilize production, and talks collapsed in April. ...
- Animal spirits: consumers' devotion lifts pet-care stocks
- Wed, 24 Aug 2016 16:10:35 -0400 -
Shares of a clutch of companies that sell pet food, develop diagnostic tests for animals and offer veterinary care have far outrun the wider market this year, delivering an average total return of nearly 35 percent versus around 8.3 percent for the Standard & Poor's 500 . Shares of animal health testing company Idexx Laboratories Inc , for example, have skyrocketed more than 50 percent this year, while vet clinic operator VCA Inc is up 31 percent and pet food maker Blue Buffalo Pet Products Inc is up 40 percent. Edelstein follows Blue Buffalo and rival Freshpet Inc , which is up 25 percent in 2016.
- U.S. crude down 3 percent after big stockpile build
- Wed, 24 Aug 2016 15:17:23 -0400 -
The U.S. Energy Information Administration (EIA) said crude inventories rose 2.5 million barrels last week, versus analysts' forecasts for a draw of 500,000 barrels. U.S. West Texas Intermediate (WTI) futures settled down $1.33, or 2.8 percent, at $46.77 per barrel. Brent crude futures fell 91 cents, or 1.8 percent, to close at $49.05.
- U.S. existing home sales decline, prices still strong
- Wed, 24 Aug 2016 13:43:46 -0400 -
U.S. home resales fell more than expected in July after four straight months of strong gains, as a lack of inventory limited choice for buyers, but further price rises suggested the housing market remained on solid ground. The slump in sales reported by the National Association of Realtors on Wednesday is likely to be temporary, given that a tightening labor market is steadily pushing up wages and mortgage rates are near historically low levels. Existing home sales declined 3.2 percent to an annual rate of 5.39 million units last month, the NAR said.
- WHY IT MATTERS: Income inequality
- Tue, 23 Oct 2012 12:37:08 -0400 -
- WHY IT MATTERS: Health care
- Tue, 23 Oct 2012 15:23:41 -0400 -
- US stocks edge higher in midday trading
- Thu, 22 May 2014 12:33:25 -0400 -
Major stock indexes shifted higher in midday trading Thursday, getting a lift from an encouraging report on Chinese manufacturing and some positive earnings from Best Buy, Dollar Tree and other retailers. The market also got a boost from data showing modest improvement in sales of previously occupied homes.
- How to remove pesky malware from your PC with Windows Defender Offline
- Wed, 24 Aug 2016 17:46:01 -0400 -
Some malware is really good at hiding itself. You can thwart those malicious plans by running Windows Defender in offline mode.
- Why Heath Ledger's Joker was the best Batman bad guy
- Wed, 24 Aug 2016 17:28:30 -0400 -
No joke! A new video makes a convincing argument as to why the Clown Prince of Crime makes the perfect antagonist for the Dark Knight.
- China's Mars rover concept looks like a butterfly
- Wed, 24 Aug 2016 17:09:21 -0400 -
China plans to send an expedition to Mars soon, and it wants to land a very pretty rover on the surface.
- Parents have little clue what their kids are doing online, study says
- Wed, 24 Aug 2016 16:41:41 -0400 -
Technically Incorrect: A Microsoft-sponsored survey suggests teens think their parents have little awareness of their online activity. And less than a third of parents suspect their kids have secret online lives.
- Would you believe that Lincolns have the highest rate of owner satisfaction?
- Wed, 24 Aug 2016 16:21:14 -0400 -
That's the case, according to the American Customer Satisfaction Index.
- Giant butt-shaped aircraft crashes because butts weren't meant to fly
- Wed, 24 Aug 2016 16:03:14 -0400 -
The world's apparently largest aircraft crashed during a test flight in England. But all the internet could see was that it looks like a heinie.
- Hackers post 'Ghostbusters' star Leslie Jones' nude photos, private data
- Wed, 24 Aug 2016 15:53:06 -0400 -
The actor's website is reportedly compromised with hackers posting personal identification and private photos alongside racist commentary.
- Microsoft jumps into the livestreaming business with its acquisition of Beam
- Wed, 24 Aug 2016 15:41:00 -0400 -
Microsoft acquired Beam and its interactive livestreaming service as a way to bolster Xbox Live for a gaming culture crazy about eSports.
- Video: How smart cities are using automation to increase energy efficiency
- Wed, 24 Aug 2016 15:22:17 -0400 -
At the TrustBelt 2016 conference in Chicago, TechRepublic spoke with Erin Grossi of UI Labs about how new technologies are accelerating the growth of smart cities.
- Fingerprint scanner scares refugees away from safe haven
- Wed, 24 Aug 2016 15:08:35 -0400 -
In northern France, authorities and charities have built three refugee camps with different technology and philosophies. But their good intentions can easily be undermined.
- What goes up, must come down: Domino tower gives it up to gravity
- Wed, 24 Aug 2016 15:06:30 -0400 -
This colorful tower of dominoes was the third-tallest in the world, but something happened on its way to the top.
- Fisherman reportedly kept $100 million pearl under his bed for 10 years
- Wed, 24 Aug 2016 15:04:51 -0400 -
The 75-pound natural pearl is now on display in the Philippines, waiting to be authenticated. It kind of looks like a shiny wad of gum.
- Google's balloon-fueled internet venture gets a new leader
- Wed, 24 Aug 2016 14:54:09 -0400 -
The X research lab names Tom Moore the new general manager for Project Loon.
- Tim Cook en Apple: 5 años que se traducen a 5 cifras récord
- Wed, 24 Aug 2016 14:48:53 -0400 -
Hace exactamente cinco años, Cook tomó las riendas de la gigante de Cupertino. Bajo su mandato, la empresa alcanzó su récord de ventas para el iPhone, lanzó un reloj inteligente y abrió casi 500 tiendas por todo el mundo. ¿Cómo pintan los próximos 5 años?
- Here are all your Pokemon saying, 'YAS!' in character
- Wed, 24 Aug 2016 14:34:10 -0400 -
Bask in the jubilant absurdity of all your favorite Pokemonsters saying, "YAS!" in voices tailored to each character.
- How to use PowerPoint 2016's stunning new Morph transition
- Wed, 24 Aug 2016 14:32:00 -0400 -
PowerPoint 2016's Morph transition makes it easy to show motion, zoom in and out, and change shapes.
- Her name is Rio and she dances on the stand: Kia heads to Paris
- Wed, 24 Aug 2016 14:31:41 -0400 -
Oh Rio, Rio, dance across the Kia stand.
- How big data helped raise big money on the campaign
- Wed, 24 Aug 2016 14:31:18 -0400 -
In a revealing interview, analytics firm CFB Strategies explains how big data helped his company generate over $90 million in contributions, and what business can learn from fundraising tactics.
- Could life exist on Proxima b, the closest Earth-like planet in the universe?
- Wed, 24 Aug 2016 14:11:05 -0400 -
A planet that could be Earth's cousin is circling the nearest star beyond our sun. Could Proxima b also host cousins of a different sort?
- Hackers nab 25M accounts in another Mail.ru breach
- Wed, 24 Aug 2016 14:09:49 -0400 -
Two hackers were able to steal email addresses and easily crackable passwords from three separate forums in this latest hack.
- Found in space: Planet Proxima b could be Earth's closest cousin
- Wed, 24 Aug 2016 14:09:37 -0400 -
It's the biggest exoplanet news since the first one was spotted two decades ago. Meet Proxima b, the world beyond our solar system that future generations may visit one day.
- TechRepublic to partner with CNET and City of Louisville to connect smart cities to professionals and their living spaces
- Wed, 24 Aug 2016 13:53:00 -0400 -
Big data from smart cities can help businesses and professionals be more productive and efficient with their time. TechRepublic will be creating content from the CNET Urban Smart Home to show how.
- Discovery of 'another Earth' revs plan for fly-by of laser-propelled spacecraft
- Wed, 24 Aug 2016 13:51:34 -0400 -
Breakthrough Starshot, the Stephen Hawking and Mark Zuckerberg-backed plan to send spacecraft to our stellar neighbors, has a new target, and it wants you to have the chance to glimpse it up close.
- Google to demote sites that obscure content with pop-over messages
- Wed, 24 Aug 2016 13:48:42 -0400 -
Starting next year, Google's mobile search results will penalize sites using certain measures to cover up content. Expect web developers to respond with changes.
- Triple threat: Ford issues three recalls for fuel pumps, power windows
- Wed, 24 Aug 2016 13:46:59 -0400 -
Vans, SUVs, sedans and police cars are all present and accounted for in this latest triumvirate.
- This Eleven figure from 'Stranger Things' needs to be real
- Wed, 24 Aug 2016 13:40:05 -0400 -
Toy maker Funko crafts an Eleven figure from "Stranger Things" in its signature Pop Vinyl style, complete with an Eggo waffle and bloody nose.
- Why MemSQL's Pokemon-themed testing solution dumped VMs for containers
- Wed, 24 Aug 2016 13:29:34 -0400 -
MemSQL couldn't find a testing solution that could match its scale, and then couldn't get enough horsepower from VMs to keep up. So, it built its own solution called Psyduck.