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Wall St. turns lower after shooting at Canadian parliament
Wed, 22 Oct 2014 14:22:21 -0400 -

Traders work on the floor of the New York Stock ExchangeBy Yasmeen Abutaleb NEW YORK (Reuters) - U.S. stocks turned lower in afternoon trading on Wednesday, with major indexes erasing earlier gains as a shooting at the Canadian parliament unnerved investors and Boeing and Biogen sold off following results. Indexes had traded in positive territory for much of the session, putting the S&P 500 on track for a fifth straight day of gains. Earnings initially drove the move higher, with technology and material shares up on the back of strong results. ...

U.S. inflation muted in September as energy costs drop
Wed, 22 Oct 2014 12:07:46 -0400 -

Current gas prices are shown at a Shell gas station in Encinitas, CaliforniaBy Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month as a rise in food and shelter costs offset a decline in energy prices. ...

Boeing profit jumps 18 percent; raises 2014 earnings view
Wed, 22 Oct 2014 10:09:27 -0400 -

The Boeing logo is seen at their headquarters in ChicagoBy Alwyn Scott (Reuters) - Boeing Co reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand and increasing profitability in its defense business. But shares of the Chicago-based aerospace and defense giant slipped 1.5 percent in early trading, as analysts viewed the profit gain as a given and raised concern about signs that the costs of the 787 Dreamliner were creeping higher. The company earned $1.36 billion, or $1.86 per share, for the third quarter ended Sept. 30, up from $1. ...

U.S. regulators expand number of vehicles affected by Takata recalls
Wed, 22 Oct 2014 11:47:08 -0400 -

File photo of the Takata logo at its factory near MonclovaBy Ben Klayman DETROIT (Reuters) - U.S. safety regulators on Wednesday expanded the number of vehicles in the United States that may be affected by recalls for potentially defective Takata Corp air bags that could spray shrapnel at occupants. The U.S. National Highway Traffic Safety Administration (NHTSA) said in a statement the number of vehicles from 10 automakers covered by recalls this year and in 2013 is now 7.8 million, up 28 percent from the 6.1 million announced on Tuesday. ...

Total names refining boss to replace de Margerie
Wed, 22 Oct 2014 11:40:34 -0400 -

Thierry Desmarest, Chairman of French oil company Total, speaks during the company's annual shareholders meeting in ParisBy Michel Rose PARIS (Reuters) - French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week. Pouyanne, 51, head of refining, had been considered as possible candidate to succeed de Margerie in the past and has a reputation as a shrewd cost-cutter. The world's fourth largest oil company also named Thierry Desmarest, a former Total CEO, as non-executive chairman. The appointments came less than 48 hours after de Margerie's death. ...

Divided U.S. SEC adopts mortgage rule, decries lax lending
Wed, 22 Oct 2014 12:37:37 -0400 -

A sign for the SEC is pictured in the foyer of the Fort Worth Regional Office in Fort WorthBy Sarah N. Lynch WASHINGTON (Reuters) - U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors. The Securities and Exchange Commission approved the so-called "risk retention" rule by a 3-2 vote, while the U.S. Federal Reserve is expected to approve it later Wednesday. The rule requires banks to keep at least 5 percent of the risk on their books when they securitize loans. ...

Toyota executive stands by Takata as supplier despite air bag troubles
Wed, 22 Oct 2014 10:06:40 -0400 -

Worker is reflected next to the emblem of a Toyota Vios sedan at a stockyard of the Toyota Philippines manufacturing plant in Sta Rosa, Laguna, south of ManilaBy Maki Shiraki TOKYO (Reuters) - A top Toyota Motor Corp executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp despite the supplier's struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants. U.S. safety regulators on Wednesday expanded the number of vehicles in the United States affected by recalls for this problem by 28 percent to 7.8 million vehicles. Toyota has the second largest number of vehicles affected by the U.S. recalls at 877,000, trailing only Honda Motor Co's 5.1 million vehicles, according to the U.S. ...

Dow Chemical to cut $1 billion in costs over three years
Wed, 22 Oct 2014 11:39:32 -0400 -

Dow Chairman and CEO Liveris participates in discussion during the second day of the Clinton Global Initiative 2012 (CGI) in New YorkBy Swetha Gopinath (Reuters) - Dow Chemical Co , the No. 1 U.S. chemical maker by sales, said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins. Shares of the company, which reported a better-than-expected profit for the fourth straight quarter, rose nearly 4 percent. Rival Dupont has said it plans to shave off $1 billion of annual costs by 2019. Dow, which said it had been cutting fixed costs annually by 3 percent since 2012, did not elaborate on the latest cost cuts. ...

UK's Lloyds to cut 9,000 jobs over next three years: sources
Wed, 22 Oct 2014 14:37:54 -0400 -

The signage is seen at a branch of Lloyds bank in central LondonLONDON (Reuters) - Lloyds Banking Group will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters on Wednesday. The cuts amount to about 10 percent of Lloyds' workforce and will be announced as part of Chief Executive Antonio Horta-Osorio's strategy review next Tuesday, the sources said. Horta-Osorio's new three-year plan is expected to include the closure of some branches as the bank responds to a growing number of transactions being executed online, and the automation of some back-office functions. ...

ECB cools speculation over bank health checks ahead of results
Wed, 22 Oct 2014 14:43:09 -0400 -

General view of new headquarters of ECB in FrankfurtBy Sarah White and Michael Shields MADRID/VIENNA (Reuters) - The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower. Austria's Erste Group rejected the report from Spanish newswire Efe, which said that it along with banks from Italy, Belgium, Cyprus, Portugal and Greece, had failed the ECB review based on preliminary data, but it gave no details of the size of the capital holes at the banks. ...

Social Security benefits to go up by 1.7 percent
Tue, 16 Oct 2012 10:56:07 -0400 -

FILE - This Feb. 2005 file photo shows trays of printed social security checks, in Philadelphia, waiting to be mailed from the U.S. Treasury. More than 56 million Social Security recipients will see their monthly payments go up by 1.7 percent next year. The increase, which starts in January, is tied to a measure of inflation released Tuesday. It shows that inflation has been relatively low over the past year _ despite the recent surge in gas prices _ resulting in one of the smallest increases in Social Security payments since automatic adjustments were adopted in 1975. (AP Photo/Bradley C. Bower, File)More than 56 million Social Security recipients will see their monthly payments go up by 1.7 percent next year.

Apple Pay sees problems as users get charged twice
Wed, 22 Oct 2014 17:09:18 -0400 -

Apple Pay sees problems as users get charged twiceBank of America apologizes for a glitch that's causing duplicate Apple Pay charges. Also, Google creates a new app for organizing email, and Google users can give their accounts extra protection with USB security keys.>

Apple defeats GPNE's $94M patent-infringement claim
Wed, 22 Oct 2014 17:05:36 -0400 -

From left to right, the iPhone 5S, iPhone 6, iPhone 6 Plus, iPad Mini 2 and iPad Air.A San Jose jury rules against the nonpracticing entity, which had accused Apple of infringing its mobile device technology.>

AT&T third-quarter profit falls short even as it adds 2M wireless customers
Wed, 22 Oct 2014 17:00:54 -0400 -

AT&T third-quarter profit falls short even as it adds 2M wireless customersThe company's growth was driven largely by connected devices like the connected car, but there was also a healthy mix of smartphone and tablet growth.>

Will You Be Ready for the Next Recession?
Wed, 22 Oct 2014 16:32:36 -0400 - In the years leading up to December 2007 there was a growing chorus declaring the end of business cycles. Clearly, business cycles have not gone away, and new research shows that the nature of recessions has changed in troubling ways. We can't predict when the next one will come, but those who fall in its wake will face a tough road to...
Beyond tweets: Twitter weaves new approach to mobile apps
Wed, 22 Oct 2014 16:31:38 -0400 -

Beyond tweets: Twitter weaves new approach to mobile appsThe social network wants developers to use its tools to make mobile apps, while also integrating its service along the way.>

I Tried the Next Level in Wearable Tech
Wed, 22 Oct 2014 16:22:40 -0400 - Wearable Tech is probably one of the hottest phrases out right now. Companies on both the fashion and tech side are racing to get into the game, each entrant hoping that it has the ticket to mass consumer adoption. Microsoft just announced this week that it will introduce a product shortly, and even the mighty LVMH has said that one of its...
Samsung enables 1-click purchases for app store
Wed, 22 Oct 2014 16:15:05 -0400 -

Josh Miller/CNETSmartphone giant now lets users pay via their phone bills. No credit card necessary.>

Sprint undercuts AT&T, Verizon with $20, 1GB family data plan
Wed, 22 Oct 2014 16:12:46 -0400 -

SprintAt $20, Sprint is offering twice as much data as Verizon and more than three times the data as AT&T.>

The 404 Show 1,569: ApplePay double-charging, Hendo hoverboard, Breaking Bad toys (podcast)
Wed, 22 Oct 2014 16:05:12 -0400 -

The 404 Show 1,569: ApplePay double-charging, Hendo hoverboard, Breaking Bad toys (podcast)Bridget Carey returns to the show to talk about ApplePay double-charging some Bank of America customers, a new Kickstarter for a company that created a working hoverboard and the recent controversy over Toys R Us selling Breaking Bad action figures.>

This is how NASA banishes odors in space
Wed, 22 Oct 2014 16:02:04 -0400 -

This is how NASA banishes odors in spaceHow do space agencies keep the International Space Station from smelling like a sweaty locker room? NASA engineer Robert Frost and retired astronaut Clayton C. Anderson reveal a few secrets.>

Once You THINC It, INC It: Great Scott's Modern-Day Guide for Young Entrepreneurs on Growing and Navigating as a Brand
Wed, 22 Oct 2014 15:39:19 -0400 -

Once You THINC It, INC It: Great Scott's Modern-Day Guide for Young Entrepreneurs on Growing and Navigating as a Brand"Do not follow your dreams -- follow your efforts. Follow the things that you do organically."--THINCMarketer and social media strategist Scott "Great Scott" McKenzie has released his third book (and very first audio book), titled THINC: Once You THINC It, INC It, produced by Sirius XM associate producer Jameson Bennett. Scott is a seasoned...

Business and Youth: Advice for Young Entrepreneurs
Wed, 22 Oct 2014 15:39:11 -0400 -

Business and Youth: Advice for Young EntrepreneursAs a 24-year-old entrepreneur behind several fast-growing startups with multiple employees, I've encountered many struggles and roadblocks that I've had to overcome over the past few years. Phone calls with small companies looking to grow their business are part of my daily routine, and surprisingly, many of their struggles are tantamount to my...

Google unveils Gmail alternative: 'Inbox'
Wed, 22 Oct 2014 15:24:10 -0400 -

Google unveils Gmail alternative: 'Inbox'Google revitalized webmail in 2004 when it debuted Gmail, and now it's trying to do it again with a new take on the old Web stalwart, called Inbox.>

Pioneering procedure helps paralyzed man walk again
Wed, 22 Oct 2014 15:22:26 -0400 -

Pioneering procedure helps paralyzed man walk againCells harvested from a patient's nose helped return function to a damaged spinal cord. Now he is able to walk with help from ropes and guide bars.>

PreTweet saves you from looking like an idiot on social media
Wed, 22 Oct 2014 14:55:06 -0400 -

PreTweet saves you from looking like an idiot on social mediaNo more "amazeballs"! Avoid looking like a twit on Twitter by using the PreTweet service to scrub out overused words everybody is tired of seeing on social media.>

Torch through stuff on the fly with portable laser cutter
Wed, 22 Oct 2014 14:46:57 -0400 -

Torch through stuff on the fly with portable laser cutterCrave writer Michael Franco catches up with one of the creators of the Origami laser cutter, now blasting through a campaign on Kickstarter.>

Almost half of adults on the Net have experienced online harassment -- survey
Wed, 22 Oct 2014 14:37:40 -0400 -

Online gaming is disproportionately more welcoming to men than women compared with other online spaces, the Pew research found.A new study from Pew Research shows just how widespread online abuse has become.>

Get an HP Pocket Playlist for $19.99
Wed, 22 Oct 2014 14:31:37 -0400 -

Get an HP Pocket Playlist for $19.99Could you use an extra 32GB of media storage for your phone or tablet? This handy gizmo slings over Wi-Fi.>

Unexpected Cost of Ethical Behavior
Wed, 22 Oct 2014 14:15:39 -0400 -

Unexpected Cost of Ethical BehaviorIn pursuit of my college degrees, work at Fortune 500 companies, and memberships in professional organizations, I was directed and trained to ensure ethical compliance --- as it's a personal, organizational, and company responsibility.This training provided examples of unethical activities and many times required participants to analyze case...

Fund 3D horror film, get rare 'Texas Chainsaw Massacre' rewards
Wed, 22 Oct 2014 14:10:23 -0400 -

It took two years to make this movie and now the director wants to give fans the horror movie they deserve.Crowdfund fear with an indie horror film that wants to scare you in more than one dimension. Backers of the film are offered "Texas Chainsaw Massacre" collectibles from the co-creator himself.>

Meet the robot actor starring in a play inspired by Kafka
Wed, 22 Oct 2014 13:50:15 -0400 -

Meet the robot actor starring in a play inspired by KafkaUp-and-coming android performer Repliee S1 stars alongside well-known French actors in a piece based on Franz Kafka's absurdist classic "The Metamorphosis.">

Flying car crashes and burns in Florida
Wed, 22 Oct 2014 13:44:47 -0400 -

Flying car crashes and burns in FloridaPolice in Marion County say two people were hurt after a Maverick flying car crashed and caught fire.>

Form a new political party, fight zombies with the CraveCast crew
Wed, 22 Oct 2014 13:39:19 -0400 -

Form a new political party, fight zombies with the CraveCast crewHalloween and elections are approaching, and sometimes it's tough to tell which is scarier. Join the CraveCast cabal Wednesday at noon Pacific when we'll talk about remaking democracy in our own image and siccing bears on the undead.>

Microsoft Garage gives early look at emerging apps
Wed, 22 Oct 2014 13:38:22 -0400 -

Microsoft's Torque takes on Google in Android Wear.Now consumers can see what's coming from folks tinkering on apps inside Microsoft -- on everything from Android Wear to Xbox One.>

Sony to slash its smartphone forecast, again -- report
Wed, 22 Oct 2014 13:38:20 -0400 -

Sony's Xperia Z3 has won critical praise, but it ostensibly hasn't helped boost Sony's total sales.The company had planned to ship 50 million smartphones this year, but that figure has been falling and will drop even more, according to Bloomberg.>

British comedy 'IT Crowd' gets another shot at US remake
Wed, 22 Oct 2014 13:34:29 -0400 -

British comedy 'IT Crowd' gets another shot at US remakeGeeky Brits Moss, Roy and Jen will return to TV -- but this time as unappreciated American computer nerds. Can Internet, soccer and quizmaster jokes translate from across the pond?>

This is how to pop the question if you're a 'Doctor Who' fan
Wed, 22 Oct 2014 13:19:38 -0400 -

I think it's safe to say she said yes, and now has the key to the TARDIS.This redditor and fan of BBC series "Doctor Who" figured out the perfect way to propose to his girlfriend. Of course, she said yes.>

Apple CEO meets with Chinese official following iCloud attacks
Wed, 22 Oct 2014 13:13:22 -0400 -

Apple/screenshot by Lance Whitney/CNETThe meeting follows a notice from Apple that iCloud has been targeted by network attacks in an attempt to gain user information. But are the Chinese behind it?>

Apple Pay needs US credit card but can work elsewhere -- report
Wed, 22 Oct 2014 12:53:50 -0400 -

Apple Pay needs US credit card but can work elsewhere -- reportA video posted by blog site TechSmartt shows how to "trick" Apple Pay into working on NFC terminals outside the US.>

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