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Only a payrolls surprise could shake stalling market
Fri, 31 Jul 2015 18:07:18 -0400 -

Traders work on the floor of the New York Stock ExchangeUnless next week's payrolls report is an outlier, investors should expect a continuation of the directionless market that has kept the S&P 500 trading in place for most of the year. Should July post strong job gains, it would point to an economy strong enough for the Federal Reserve to raise interest rates for the first time in almost a decade.


Pacific Rim free trade talks fall short of deal
Sat, 01 Aug 2015 02:54:21 -0400 -

Japanese Economy Minister Akira Amari and US Trade Rep. Michael Fromam participate in a press conference in Lahaina, Maui, HawaiiBy Ami Miyazaki and Krista Hughes LAHAINA, Hawaii (Reuters) - Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs. Trade ministers from the 12 nations negotiating the Trans-Pacific Partnership, which would stretch from Japan to Chile and cover 40 percent of the world economy, fell just short of a deal at talks on the Hawaiian island of Maui but were confident an agreement was within reach. "The undergrowth has been cleared away in the course of this meeting in a manner that I would say is streets ahead of any of the other ministerial meetings that we have had," New Zealand Trade Minister Tim Groser said.


U.S. wage growth brakes in second-quarter; consumer sentiment slips
Fri, 31 Jul 2015 12:39:07 -0400 -

UAW worker gestures at the General Motors Assembly Plant in Arlington, TexasU.S. labor costs in the second quarter recorded their smallest increase in 33 years as workers earned less in commissions and bonuses, in what appeared to be a temporary wage growth setback against the backdrop of diminishing labor market slack. The surprisingly smaller rise reported by the Labor Department on Friday did little to temper expectations that the Federal Reserve is set to raise interest rates later this year. The job market is fast approaching full employment.


Goldman tentatively agrees to pay $270 million to settle lawsuit: source
Fri, 31 Jul 2015 19:27:26 -0400 -

A Goldman Sachs sign is seen over the company's trading stall on the floor at the New York Stock ExchangeGoldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter. Pension funds led by NECA-IBEW Health & Welfare Fund of Illinois accused the bank of misleading investors about the risks associated with mortgage securities offerings. NECA-IBEW, an electrical workers' pension fund, owned some mortgage-backed certificates underwritten by Goldman.


Puerto Rico will fail to make Aug.1 payment, signaling default
Fri, 31 Jul 2015 21:17:57 -0400 -

Puerto Rico's Governor Padilla delivers his state of the Commonwealth address at the Capitol building in San Juan, Puerto RicoPuerto Rico Governor Alejandro Garcia Padilla shocked investors in June when he said the island's debt, totaling $72 billion, was unpayable and required restructuring. According to a 2014 bond offering statement, Puerto Rico has never defaulted on the payment of principal or interest of debt. "Tomorrow is Aug. 1 and we don't have the money," Victor Suarez, chief of staff for Puerto Rico's governor, told journalists in San Juan, referring to a $58 million payment due on Public Finance Corporation (PFC) bonds.


Wall Street ends lower as weak oil weighs
Fri, 31 Jul 2015 16:39:14 -0400 -

Traders work on the floor of the New York Stock Exchange(Reuters) - Wall Street ended on a sour note on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the U.S. Federal Reserve might hold off on an interest rate.


Yahoo buys fashion website Polyvore
Fri, 31 Jul 2015 18:25:58 -0400 -

A Yahoo logo is pictured in front of a building in Rolle(Reuters) - Yahoo Inc said on Friday it agreed to buy fashion start-up Polyvore to help drive traffic and strengthen its mobile and social offerings. Yahoo, which did not disclose terms of the deal, said Polyvore will accelerate its 'Mavens' growth strategy. The company has been focusing on four areas — mobile, video, native advertising and social — which it calls Mavens, to drive user engagement and ad sales as it battles intense competition from Google Inc and Facebook Inc .


Tumbling oil prices slam profit at Exxon Mobil, Chevron
Fri, 31 Jul 2015 19:03:37 -0400 -

The Belgian headquarters of oil giant ExxonMobil, where Britain's Nicholas Mockford worked, is pictured in MachelenWeak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Earnings at U.S. oil majors Exxon, which were the worst in a decade, and Chevron missed analysts' expectations, adding to concerns that perhaps executives had not acted quickly enough to mitigate the impact of an over-50-percent drop in oil prices since last summer. The results highlight how smaller and more nimble U.S. shale oil companies have slashed costs faster and more aggressively than global majors.


Who needs the Fed? The rate hike cometh on its own
Fri, 31 Jul 2015 15:01:18 -0400 -

Sun rises to the east of the U.S. Federal Reserve building in WashingtonAs traders, market pundits and economists jaw over whether the Federal Reserve this year will lift its benchmark lending rate for the first time in almost a decade, several corners of the U.S. bond market are not waiting around. A wide range of short-term interest rates, which tend to be the most sensitive to Fed policy expectations, has been quietly grinding higher for weeks, or in some cases much longer. Several have even surpassed their levels of two years ago during the bond market's "taper tantrum," when prices dropped steeply and yields shot up as the Fed pondered whether to halt its massive asset-purchase program.


BofA likely to hold vote this year on Moynihan chairmanship: source
Fri, 31 Jul 2015 17:25:39 -0400 -

A Bank of America sign is shown on a building in downtown Los Angeles, CaliforniaBank of America is likely to hold a shareholder vote this year to determine whether Chief Executive Brian Moynihan should be allowed to retain his title of chairman of the bank's board, a person familiar with the matter said on Friday. In October, Moynihan was named chairman in addition to CEO, a move that angered some investors. Bank of America announced just before its annual meeting in May that it would allow shareholders to hold a vote on whether Moynihan should retain the chairmanship.


A look at the evolution of modern video game controllers
Sat, 01 Aug 2015 12:00:00 -0400 - If anything's kept pace with how video games have changed over the years, it's how we interact with them. Our biggest touchpoint with virtual worlds is the gamepad and -- akin to how games themselves have ...
This is the future of food
Sat, 01 Aug 2015 11:00:00 -0400 - Are you ready for lab-made hamburgers, bug-filled protein bars and 3D-printed cuisine? With the Earth's population rapidly approaching 8 billion and the race to keep up with food demand intensifying, industries ...
Top iOS news of the week: Stylus with feelings, wireless charging, iPhone share up
Sat, 01 Aug 2015 10:00:05 -0400 -

Top iOS news of the week: Stylus with feelings, wireless charging, iPhone share upThis week in iOS we had news that the iPad is the top selling tablet, wireless charging could come to the iPhone, and Apple is looking at a stylus that can feel the screen.


This is what happens when Facebook hacks Nintendo
Sat, 01 Aug 2015 10:00:00 -0400 - When I entered the doors of the building, an approximately 7-foot Piranha Plant greeted me. Inside, I saw large question block cushions scattered throughout and 25 Wii U stations. Off in the corner was ...
Recommended Reading: Kentucky distillery uses music to flavor its brandy
Sat, 01 Aug 2015 09:30:00 -0400 - Recommended Reading highlights the best long-form writing on technology and more in print and on the web. Some weeks, you'll also find short reviews of books that we think are worth your time. We hope ...
How fast can Windows 10 grow?
Sat, 01 Aug 2015 09:08:00 -0400 -

How fast can Windows 10 grow?The early results for Windows 10 suggest that it has come roaring out of the gate at full speed, with 14 million successful upgrades in the first day and no sign of slowing down yet. What comes next?


ICYMI: Internet aircraft, Uber retiree drivers and more
Sat, 01 Aug 2015 09:00:00 -0400 - #fivemin-widget-blogsmith-image-725255{display:none;} .cke_show_borders #fivemin-widget-blogsmith-image-725255, #postcontentcontainer #fivemin-widget-blogsmith-image-725255{width:570px;display:block;} ...
Top Android news of the week: Microsoft launcher, Samsung profits, new malware threat
Sat, 01 Aug 2015 08:00:05 -0400 -

Top Android news of the week: Microsoft launcher, Samsung profits, new malware threatThis week in Android came word of yet another serious malware threat, news of Samsung's financial woes, and Microsoft released an Android launcher.


PlayStation Plus members will soon vote on what games go free
Sat, 01 Aug 2015 07:08:00 -0400 - Sure, PlayStation Plus subscribers are used to getting "free" games every month, but they haven't had any say about what the gratis titles would be. Until now. With Vote to Play, you'll have ...
Help! I've broken my iPhone/iPad screen
Sat, 01 Aug 2015 06:30:04 -0400 -

Help! I've broken my iPhone/iPad screenTaking some time out to answer what is probably the most commonly asked iPhone/iPad question to land in the Hardware 2.0 inbox: "Help! I've broken my iPhone/iPad screen. What do I do now?"


Surgeons practice on 3D-printed models for kids' operations
Sat, 01 Aug 2015 03:33:00 -0400 - Surgeons at Boston Children's Hospital started using 3D-printed copies of patients' affected body parts to prepare for procedures last year. Now, that move has helped save the lives of four children aged ...
Former Mt. Gox CEO arrested in Japan over missing bitcoin
Fri, 31 Jul 2015 23:51:00 -0400 - It's been months since Tokyo police revealed their belief that the Mt. Gox bitcoin heist was an inside job, and tonight they arrested its former CEO, Mark Karpeles. Some 650,000 bitcoin still remain unaccounted ...
US reportedly planning to scare off China's hackers, somehow
Fri, 31 Jul 2015 22:39:00 -0400 - So how will the US government respond to a recent spate of attacks by hackers, including one that extracted an unprecedented amount of data on government employees from the Office of Personnel Management ...
Think Design Think
Fri, 31 Jul 2015 21:42:18 -0400 -

Think Design ThinkFields from science to politics to business are looking to design for inspiration, alternative processes, and new solutions. Design negotiates between technology, policy, systems and users. A structured design approach can heighten the hit-rate in the fuzzy front end of innovation processes in public and private sectors. As a result, design has...


FDA tells hospitals to ditch IV pumps that can be hacked remotely
Fri, 31 Jul 2015 20:42:00 -0400 - The Food and Drug Administration "strongly encourages" hospitals to stop using Hospira's Symbiq Infusion System, because it's vulnerable to cyberattacks that would allow a third party to remotely ...
You can delete Samsung's phone bloatware in China
Fri, 31 Jul 2015 19:11:00 -0400 - Samsung isn't waiting around for the verdict of a Chinese lawsuit over bloatware to take action. The company will offer patches in August that let local Android phone owners delete unwanted pre-installed ...
The UK's National Museum of Computing opens its Summer Bytes festival for kids
Fri, 31 Jul 2015 18:41:51 -0400 -

The UK's National Museum of Computing opens its Summer Bytes festival for kidsThe National Museum of Computing's annual Summer Bytes festival will include a string of coding, code-breaking, robotics and other events designed to entertain kids during the school holidays


Yahoo's latest purchase is digital fashion community Polyvore
Fri, 31 Jul 2015 18:27:00 -0400 - Marissa Mayer opened up the Yahoo warchest once again, and this time it was to buy the "leading social shopping site," Polyvore. Yahoo's purchasing the whole kit and caboodle from the sounds ...
Security researcher: Globalstar GPS at risk of hackers
Fri, 31 Jul 2015 17:46:00 -0400 - As is the case with seemingly anything that connects to the internet these days, a security researcher has found that GPS devices which connect to the Globalstar satellite network are vulnerable to man-in-the-middle ...
Dreamers and Disruptors: How the Evolution of Silicon Valley is Reshaping Our World
Fri, 31 Jul 2015 17:25:49 -0400 -

Dreamers and Disruptors: How the Evolution of Silicon Valley is Reshaping Our WorldThe earliest companies in Silicon Valley were created by dreamers. Driven by visions of an improved future, these dreamers built entirely new areas of technology, including semiconductors, computers and networking. But those ventures also laid the groundwork for companies today, which are using that technology to bring massive change to the...


Stocks Close Lower on Final Trading Day in July
Fri, 31 Jul 2015 17:19:56 -0400 - U.S. stocks closed the final trading session of July slightly lower, but posted monthly gains.
Yahoo nabs social shopping site Polyvore to boost digital ad strategy
Fri, 31 Jul 2015 17:17:00 -0400 -

Yahoo nabs social shopping site Polyvore to boost digital ad strategyPolyvore's CEO promised the platform "will still be the same Polyvore that you love" while also briefly revealing new product features and perks are on the way.


Marine Corps finally declares the F-35B ready for combat
Fri, 31 Jul 2015 17:03:00 -0400 - After years of testing and development, production setbacks and cost overruns and more than half a trillion dollars invested, the F-35B fighter jet has finally passed its biggest milestone to date: it's ...
How blockchain is likely to transform IT and business
Fri, 31 Jul 2015 16:46:00 -0400 -

How blockchain is likely to transform IT and businessThe technology underpinning the well-known cryptocurrency, Bitcoin, is really the star of the show. Here's why Blockchain will almost certainly lead to a digital transparency and trust revolution near you.


Unemployment Opportunities
Fri, 31 Jul 2015 16:45:56 -0400 - I've been unemployed before and, pardon my french, it truly sucks. It's stressful, annoying, unfortunate and can even be a little embarrassing. There could be a million different reasons why you're unemployed, but you should let exactly zero of them define who you are as a professional or as a person. Consider a few things before you fall into...
Federal Court's data breach decision shows new tilt toward victims, class-action lawsuits
Fri, 31 Jul 2015 16:44:14 -0400 -

Federal Court's data breach decision shows new tilt toward victims, class-action lawsuitsFederal courts beginning to recognize possibility of on-going harm to those who lose financial, personal data in a breach


Kim Dotcom promises to launch an open-source competitor to Mega
Fri, 31 Jul 2015 16:34:00 -0400 - Third time's a charm. Kim Dotcom -- creator of Megaupload and Mega file-sharing sites, New Zealand politician, US fugitive -- plans to launch a third cloud-storage company when his existing non-compete ...
Is This Market Going Nowhere?
Fri, 31 Jul 2015 16:31:23 -0400 - I’ve seen a lot of different kinds of markets. But I’m not certain I’ve ever seen a market that has gone nowhere for so long!
'Miracle on Ice' Goalie Seeks $5.7M for Memorabilia
Fri, 31 Jul 2015 16:22:30 -0400 - Jim Craig, the goalie on the “Miracle on Ice” hockey team, plans to sell his collection of memorabilia from the 1980 Winter Olympics. The asking price: $5.7 million.
Week Ahead: July Jobs Report
Fri, 31 Jul 2015 16:10:36 -0400 - The July jobs report is the highlight of next week’s economic calendar with the Federal Reserve watching closely for sustained momentum in the all-important labor sector.


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