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Wall Street rebounds on hopes of Greece deal
Tue, 30 Jun 2015 09:58:55 -0400 -

Traders work on the floor of the New York Stock ExchangeThe European Commission made its final push to try to persuade Greek Prime Minister Alexis Tsipras to accept a bailout deal he has rejected before. "We are looking at some sort of a bounce from yesterday's sharp decline," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.


EU makes last-ditch bid to save Greek bailout
Tue, 30 Jun 2015 08:58:10 -0400 -

Protester kneels to pay his respect in front of a Greek flag during an anti-austerity rally in AthensEU authorities made a last-minute offer to salvage a bailout deal that could keep Greece in the euro as the clock ticked down on Tuesday, with Germany warning that time had run out to extend vital credit lines to Athens. With billions of euros in locked-up bailout funds due to expire at midnight, the European Commission urged Greece to accept the proposed deal, while holding out hopes that some tweaks could still be possible. If no agreement is reached, Greece will default on a loan to the IMF, setting it on a path out of the euro with unforeseeable consequences for the European Union's grand currency project and the global economy.


Puerto Rico governor calls for bankruptcy; adviser says island 'insolvent'
Mon, 29 Jun 2015 20:03:56 -0400 -

A man walks past a closed store with signs reading "Closing down sale" and "Everything goes, shoes, clothes, take advantage" in Arecibo, Puerto RicoPuerto Rico's governor on Monday called for the commonwealth to be allowed to restructure its debts under U.S. bankruptcy code, while a newly appointed adviser to the U.S. territory said it is "insolvent" and will soon run out of cash. Governor Alejandro Garcia Padilla, in a televised address, said sacrifice must be shared by bondholders, as he called for Washington to allow a bankruptcy debt restructuring. Steven Rhodes, the retired U.S. bankruptcy judge who oversaw Detroit's historic bankruptcy and has now been retained by Puerto Rico to help solve its problems, gave a blunt assessment on Monday.


Apple conspired to fix e-book prices: U.S. appeals court
Tue, 30 Jun 2015 10:04:55 -0400 -

The Apple Inc. logo is seen in the lobby of New York City's flagship Apple storeA divided federal appeals court on Tuesday said Apple Inc orchestrated a conspiracy with five publishers to increase e-book prices. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals agreed with a lower court judge that the conspiracy violated federal antitrust law, and that the judge acted properly in imposing an injunction to prevent a recurrence. Writing for the majority, Circuit Judge Debra Ann Livingston said that by organizing the conspiracy, "Apple found an easy path to opening its iBookstore," while ensuring that marketwide prices rose to a level that Apple and the publishers wanted.


GE to sell European private equity financing unit to SMBC
Tue, 30 Jun 2015 07:42:45 -0400 -

Pedestrians are reflected on a sign outside a branch of Sumitomo Mitsui Banking Corporation in TokyoGeneral Electric Co said it would sell its European private equity financing business to a unit of Japan's Sumitomo Mitsui Banking Corp (SMBC) for about $2.2 billion as the U.S. conglomerate sheds financial assets amid a restructuring. This makes the deal attractive to the core banking unit of Japan's third largest bank, Sumitomo Mitsui Financial Group (SMFG) , which is trying to diversify away from the fiercely competitive corporate lending sector. In 2012, SMFG acquired an aircraft leasing company from Royal Bank of Scotland Group for $7.3 billion and this year, Mizuho Financial Group Inc agreed to buy the U.S. and Canadian loan portfolio of RBS for $3 billion.


Microsoft hands display ads to AOL, maps to Uber
Mon, 29 Jun 2015 19:01:20 -0400 -

People visit the Microsoft booth during the 2015 Computex exhibition at the TWTC Nangang exhibition hall in TaipeiBy Bill Rigby SEATTLE (Reuters) - Microsoft Corp said on Monday it will hand over its display advertising business to AOL Inc and sell some map-generating technology to ride-hailing app company Uber, as it slims down its money-losing online operations. The moves mean Microsoft will focus on its growing search advertising business based on its Bing search engine, and displaying maps on its Windows devices rather than generating the maps themselves. Microsoft, which employs hundreds of people in its display ad business around the world, said those employees would be offered the chance to transfer to AOL and that it was not making any layoffs.


Delaware judge dismisses shareholder lawsuit over GM recall
Mon, 29 Jun 2015 22:05:38 -0400 -

A worker walks behind a logo of General Motors after the announcement of the closing of the Opel assembly plant in Antwerp(Reuters) - General Motors Co said a judge in Delaware has dismissed a lawsuit by shareholders who wished to recoup losses stemming from the recall of millions of vehicles with an ignition switch defect linked to several deaths. The judge's ruling on Monday said that the shareholders have not shown any proof that the company's directors acted in bad faith and dismissed the case. The shareholders alleged that the directors breached their duties by failing to oversee the operations of the company.


AT&T, DirecTv extend 'termination date' for second time
Mon, 29 Jun 2015 18:27:06 -0400 -

DirecTV satellite dishes are seen on an apartment roof in Los Angeles(Reuters) - AT&T Inc , the No. 2 U.S. telecom company, said it has extended the "termination date" of the merger agreement with satellite TV provider DirecTV for "a short period of time", the second time in two months. AT&T said in a regulatory filing on Monday that the extension is aimed at obtaining final regulatory approval for the merger. The deal highlights AT&T's pressing need for fresh avenues of growth beyond the maturing U.S. cellular business, which has become increasingly competitive.


Alstom chief confident GE deal will get EU approval
Mon, 29 Jun 2015 15:03:41 -0400 -

Alstom Chairman and Chief Executive Kron speaks during the company's annual results presentation at the company headquarters in Levallois-PerretThe chief executive of French engineering group Alstom SA is confident the planned sale of the group's power business to General Electric Co will win European Union approval, he was quoted saying in a newspaper interview. GE's planned 12.4 billion euros ($14 billion) purchase of Alstom's power equipment business has sparked regulatory worries that it would harm competition. Kron said Alstom's shareholders meeting on June 30 will be an occasion to defend and explain a project he was "proud of".


Exclusive: Amazon looks to offer loans to sellers in China, seven other countries
Mon, 29 Jun 2015 20:43:48 -0400 -

A box from Amazon.com is pictured on the porch of a house in GoldenAmazon.com Inc will start a business loan program for small sellers in the United Kingdom on Tuesday and is looking to launch it this year in seven more countries including China. Amazon Lending, founded in 2012, plans to offer short-term working capital loans in other countries where it operates a third-party, seller-run marketplace business, the head of Amazon Marketplace, Peter Faricy, told Reuters. The countries are Canada, France, Germany, India, Italy, Spain and China, where credit is becoming a key factor in competing for new vendors and grabbing market share.


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.
Drone knocks woman unconscious at Seattle pride parade
Tue, 30 Jun 2015 09:40:00 -0400 - A bungling pilot has just reminded us (again) why drones need at least some kind of regulation. During Seattle's gay pride parade, a 25-year-old woman was knocked unconscious after she was struck by a ...
OPM shutters web background checks for security enhancements
Tue, 30 Jun 2015 09:20:00 -0400 - The Office of Personnel Management has decided to suspend its web-based background checks for the time being. In particular, it has pulled down the Electronic Questionnaires for Investigations Processing ...
#ICYMI: Space X's rocket fail, Google's beer fridge and more
Tue, 30 Jun 2015 09:00:00 -0400 - #fivemin-widget-blogsmith-image-593902{display:none;} .cke_show_borders #fivemin-widget-blogsmith-image-593902, #postcontentcontainer #fivemin-widget-blogsmith-image-593902{width:570px;display:block;} ...
Digital transformation: What the $#%&@! is a business model and why you should care
Tue, 30 Jun 2015 08:50:00 -0400 -

Digital transformation: What the $#%&@! is a business model and why you should careCompanies like Uber and Airbnb are transforming industries with business model innovation. Here's what you need to know.


Samsung, Fitbit lead J.D. Power satisfaction rankings
Tue, 30 Jun 2015 08:47:50 -0400 -

Samsung, Fitbit lead J.D. Power satisfaction rankingsJ.D. Power's first wearable device satisfaction ranking gives Samsung the highest rating with Fitbit No. 2.


What Are We Doing Right in Life and Business?
Tue, 30 Jun 2015 08:43:18 -0400 - Last week, President Obama led the singing of "Amazing Grace," the first verse of which was composed by mariner John Newton after deliverance from a life-threatening storm off County Donegal, Ireland, in 1748. There are a number of interesting discoveries that arise from last week's event. One is that Barack Obama cannot sing. Another is...
Falcon 9 disaster messes up SpaceX's launch schedule (update)
Tue, 30 Jun 2015 08:35:00 -0400 - SpaceX is still trying to unravel the cause of Falcon 9's unfortunate explosion on Sunday. Until it figures things out, the company's putting future missions on hold for a few months, according to Parabolic ...
Cisco to buy cybersecurity firm OpenDNS in $635m deal
Tue, 30 Jun 2015 08:33:32 -0400 -

Cisco to buy cybersecurity firm OpenDNS in $635m dealThe deal will give Cisco better visibility into the security and threat landscape.


Workday plans to launch Workday Planning in 2016
Tue, 30 Jun 2015 08:30:03 -0400 -

Workday plans to launch Workday Planning in 2016Workday is going to roll out forecasting and planning applications in a move that will most likely appeal to customers of the company's financial and human capital management tools.


An explosion in apps development means security headaches for CIOs
Tue, 30 Jun 2015 08:17:04 -0400 -

An explosion in apps development means security headaches for CIOsApp development teams need to test against copies of the production database — each copy increases the risk of a major security breach.


Apple Music in the UK: what you need to know
Tue, 30 Jun 2015 08:15:00 -0400 - After months of waiting, Apple Music is finally upon us. The company is now ready to take the wraps off its new streaming service, which will deliver millions of tracks on demand, host a free 24-hour radio ...
MIT develops donor 'transplants' for buggy code without access to the source
Tue, 30 Jun 2015 08:14:00 -0400 -

MIT develops donor 'transplants' for buggy code without access to the source'Donor' programs provide the band-aid to fix buggy code and eliminate errors.


Microsoft is launching a site to help teachers master 'Minecraft'
Tue, 30 Jun 2015 08:05:00 -0400 - Minecraft has proven to be an invaluable tool for educators and students. Not only is the game popular with children and adults, but its open, customisable nature means it can be used for all sorts of ...
BBC Trust backs plan to make BBC Three online-only
Tue, 30 Jun 2015 08:01:00 -0400 - After months of waiting, the BBC Trust appears to have finally driven the knife into the back of BBC Three, or at least as we know it. As part of its "public value assessment" of the BBC's planned ...
Futures Point to Rally After Greece-Fueled Selloff
Tue, 30 Jun 2015 08:00:54 -0400 - As a missed payment by Greece to the IMF looms, Wall Street looked to stage a rebound rally following yesterday's selloff.
How three years of Yammer has changed Microsoft for the better
Tue, 30 Jun 2015 07:57:55 -0400 -

How three years of Yammer has changed Microsoft for the betterCollaboration and cloud aren't just Microsoft products, they're part of the new culture.


Microsoft's latest Windows 10 preview for PCs gets Edge browser branding
Tue, 30 Jun 2015 07:40:23 -0400 -

Microsoft's latest Windows 10 preview for PCs gets Edge browser brandingMicrosoft's Windows 10 preview build 10158 for PCs adds Edge browser branding and other tweaks, just a month ahead of the start of the operating system's rollout.


Hurricane season: Weathering the storm with tablets and smartphones
Tue, 30 Jun 2015 07:30:53 -0400 -

Hurricane season: Weathering the storm with tablets and smartphonesWe are just starting hurricane season, one that already looks to be an active one. Normal preparations aside, strategically using mobile devices can help keep those in affected areas informed.


Amazon Prime Now one-hour delivery service arrives in London
Tue, 30 Jun 2015 07:29:00 -0400 -

Amazon Prime Now one-hour delivery service arrives in LondonCan't get out to the shops? Amazon is now offering a one-hour delivery service to customers in some London postcodes.


PIQ golf sensor marries swing tracking with game analysis
Tue, 30 Jun 2015 07:00:00 -0400 - There are golf sensors out there that track your swing and others that give you yardage and stats, but wouldn't it be nice to have one that did both? That's the theory behind the PIQ golf sensor, which ...
NYT: AC/DC's dirty deeds coming to Apple Music, Rdio and Spotify
Tue, 30 Jun 2015 06:35:00 -0400 - Seeing as how it's impossible to write a three-chord intro with words, this sentence is just going have to do for now: AC/DC is coming to Spotify and Apple Music. The Australian rock group's catalog will ...
AWS readies Indian datacentres, says India could be one of its biggest cloud regions
Tue, 30 Jun 2015 06:11:00 -0400 -

AWS readies Indian datacentres, says India could be one of its biggest cloud regionsAmazon announces Indian infrastructure region will open next year.


Amazon patches three vulnerabilities in Fire smartphones
Tue, 30 Jun 2015 06:10:21 -0400 -

Amazon patches three vulnerabilities in Fire smartphonesTwo of the vulnerabilities place secure communication at risk and could allow for man-in-the-middle attacks.


Baidu plans $3.2B for online-to-offline services
Tue, 30 Jun 2015 06:04:09 -0400 -

Baidu plans $3.2B for online-to-offline servicesChinese search giant says it is investing 20 billion yuan (US$3.28 billion) over three years to develop online-to-offline services, which include its 2014 acquisition of group-buying site Nuomi.


Mojang retires its card battle game, offers one more year of playtime
Tue, 30 Jun 2015 05:48:00 -0400 - Mojang means Minecraft. But that's not the only thing the Microsoft-owned developer tinkers away at. Scrolls was another project: an online card-based battle game that's available across PC, Mac and tablets. ...
​Life Time Fitness and how the business process team looks at IT
Tue, 30 Jun 2015 05:34:04 -0400 -

​Life Time Fitness and how the business process team looks at ITLife Time Fitness has an interesting arrangement where tech spending is split up between business leaders, finance and IT. We catch up with John Hugo, senior vice president & corporate controller at the company.


Europol tackles ZeuS, SpyEye banking Trojan cybercrime ring
Tue, 30 Jun 2015 05:18:34 -0400 -

Europol tackles ZeuS, SpyEye banking Trojan cybercrime ringArrests, equipment seizure and searches have taken place across multiple countries to eradicate the cybercrime threat.


APAC nations slow to establish cybersecurity strategies
Tue, 30 Jun 2015 05:09:28 -0400 -

APAC nations slow to establish cybersecurity strategiesChina and Korea are hindered by local testing requirements, while Indonesia has no national cybersecurity strategy in place, reveals BSA study.


Amazon brings one-hour Prime deliveries to London
Tue, 30 Jun 2015 04:35:00 -0400 - When it comes to new services, Amazon is a predictable beast: it'll launch something in the US first and then bring it over to the UK once it's ironed out all of the creases. That's exactly what's happening ...


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