Slashdot Mirror

An anonymous reader quotes a report from Bloomberg: Amazon is turning to the debt markets to fund the $13.7 billion acquisition of Whole Foods and power Jeff Bezos's planned conquest of the supermarket business. The world's largest online retailer is selling $16 billion of unsecured bonds in as many as seven parts, according to a person with knowledge of the matter. In a sign of market interest, the longest portion of the offering, a 40-year security may yield 1.45 percentage points above Treasuries, down from initial talk of 1.6 percentage points to 1.65 percentage points, said the person, who asked not to be identified as the deal is private. The sale marks the first bond-market foray since 2014 for Amazon and will support the purchase of the organic-food chain, according to a company statement. The partnership, which rattled the grocery world when announced in June, is expected to reduce prices at Whole Foods, an iconic yet struggling high-end grocery trying to lure more low- and middle-income shoppers. The deal could intensify a price war in an industry beset by razor-thin margins and persistent deflation.

Mitch Lowe, a founder of Netflix, has a crazy idea. Through his new startup MoviePass, he wants to subsidize our film habit, letting us go to the theater once a day for about the price of a single ticket. From a report: Lowe, an early Netflix executive who now runs a startup called MoviePass, plans to drop the price of the company's movie ticket subscriptions on Tuesday to $9.95. The fee will let customers get in to one showing every day at any theater in the U.S. that accepts debit cards. MoviePass will pay theaters the full price of each ticket used by subscribers, excluding 3D or Imax screens. MoviePass could lose a lot of money subsidizing people's movie habits. So the company also raised cash on Tuesday by selling a majority stake to Helios and Matheson Analytics, a small, publicly traded data firm in New York. [...] Theater operators should certainly welcome any effort to increase sales. The top four cinema operators, led by AMC Entertainment, lost $1.3 billion in market value early this month after a disappointing summer.

From a report: Bill Gates made his largest gift since the turn of the century, giving away Microsoft shares that accounted for 5 percent of his fortune, the world's biggest. The billionaire donated 64 million of the software maker's shares valued at $4.6 billion on June 6, according to a Securities & Exchange Commission filing released Monday. While the recipient of the gift wasn't specified, Gates has made the majority of his donations to the Bill & Melinda Gates Foundation, the charity he and his wife use to direct their philanthropic efforts. It's the largest gift of Microsoft shares that Gates has made since 2000. The 61-year-old gave away $16 billion worth of Microsoft shares in 1999 and $5.1 billion a year later, according to calculations by Bloomberg.

Reader joshtops shares a Bloomberg report: Google isn't the only Silicon Valley employer being accused of hostility to white men. Yahoo and Tata Consultancy Services were already fighting discrimination lawsuits brought by white men before Google engineer James Damore ignited a firestorm -- and got himself fired -- with an internal memo criticizing the company's diversity efforts and claiming women are biologically less suited than men to be engineers. The Yahoo case began last year when two men sued, claiming they'd been unfairly fired after managers allegedly manipulated performance evaluations to favor women. They claim Marissa Mayer approved the review process and was involved in their terminations, and last month a judge ordered the former chief executive be deposed. TCS, meanwhile, is fighting three men who claim the Mumbai-based firm discriminates against non-Indians at its U.S. offices.

An anonymous reader shares a report: Chris Lattner, a legend in the world of Apple software, has joined another rival of the iPhone maker: Alphabet's Google, where he will work on artificial intelligence. Lattner announced the news on Twitter on Monday, saying he will start next week. His arrival at Mountain View, California-based Google comes after a brief stint as head of the automated driving program at Tesla, which he left in June. Lattner made a name for himself during a decade-plus career at Apple, where he created the popular programming language Swift. Lattner said he is joining Google Brain, the search giant's research unit. There he will work on a different software language: TensorFlow, Google's system designed to simplify the programming steps for AI, according to a person with knowledge of the matter.

An anonymous reader shares a Bloomberg report, in which the recently fired employee has been interviewed: James Damore, who until Monday worked as an engineer on video and image search at Alphabet's Mountain View, California, headquarters, said he initially shared the 3,300-word memo internally a month ago. But it was only after the memo went viral that company leaders banded together to make him an outcast, he said on Bloomberg TV. When he initially circulated the memo, "no one high up ever came to me and said, 'No, don't do this,' even though there were many people who looked at it," Damore said. "It was only after it got viral that upper management started shaming me and eventually firing me." The memo, which was leaked to the public over the weekend, argues that conservative viewpoints are suppressed at Google and that biological differences between men and women explain in part why so few women work in software engineering. Even if someone in Google management had agreed with some of the arguments put forth in his piece, they wouldn't have felt safe speaking up, he said. "There was a concerted effort among upper management to have a very clear signal that what I did was harmful and wrong and didn't stand for Google," Damore said. "It would be career suicide for any executives or directors to support me."

An anonymous reader shares a report: Airlines -- an industry not known for stellar customer interactions -- are joining the party, and not just to break the bad news about your flight. They're inviting you to ask questions, and maybe even complain. Two airlines have dipped their wings into the waters of two-way texting. Hawaiian Holdings's Hawaiian Airlines is adding the feature while JetBlue Airways took a stake in a software startup that will allow its call center staff to start texting customers in the coming months. Texting, technically called SMS (which stands for short message service), is arguably the world's most favored form of communication, but much of corporate America has been slow to adapt. The few that have -- including Verizon Wireless retailers, British telecom company Sky UK, and Nestle SA's frozen foods division -- are dwarfed by an array of local commerce, from insurance agents, veterinarians, air conditioning techs, and auto dealers who have already jumped in to conduct their business.

An anonymous reader quotes a report from Bloomberg: Steady improvements in American life expectancy have stalled, and more Americans are dying at younger ages. But for companies straining under the burden of their pension obligations, the distressing trend could have a grim upside: If people don't end up living as long as they were projected to just a few years ago, their employers ultimately won't have to pay them as much in pension and other lifelong retirement benefits. In 2015, the American death rate -- the age-adjusted share of Americans dying -- rose slightly for the first time since 1999. And over the last two years, at least 12 large companies, from Verizon to General Motors, have said recent slips in mortality improvement have led them to reduce their estimates for how much they could owe retirees by upward of a combined $9.7 billion, according to a Bloomberg analysis of company filings. "Revised assumptions indicating a shortened longevity," for instance, led Lockheed Martin to adjust its estimated retirement obligations downward by a total of about $1.6 billion for 2015 and 2016, it said in its most recent annual report.

Mortality trends are only a small piece of the calculation companies make when estimating what they'll owe retirees, and indeed, other factors actually led Lockheed's pension obligations to rise last year. Variables such as asset returns, salary levels, and health care costs can cause big swings in what companies expect to pay retirees. The fact that people are dying slightly younger won't cure corporate America's pension woes -- but the fact that companies are taking it into account shows just how serious the shift in America's mortality trends is.

Reader schwit1 writes: Dozens of internal Monsanto emails, released on Aug. 1 by plaintiffs lawyers who are suing the company, reveal how Monsanto worked with an outside consulting firm to induce the scientific journal Critical Reviews in Toxicology to publish a purported independent review of Roundups health effects that appears to be anything but. The review, published along with four subpapers in a September 2016 special supplement, was aimed at rebutting the 2015 assessment by the International Agency for Research on Cancer (IARC) that glyphosate is a probable human carcinogen (PDF). That finding by the cancer-research arm of the World Health Organization led California last month to list glyphosate as a known human carcinogen. It has also spurred more than 1,000 lawsuits in state and federal courts by plaintiffs who claim they contracted non-Hodgkin lymphoma from Roundup exposure. Monsanto disclosed that it paid Intertek Group Plc consulting unit to develop the review supplement, entitled An Independent Review of the Carcinogenic Potential of Glyphosate. But that was the extent of Monsantos involvement, the main article said. The Expert Panelists were engaged by, and acted as consultants to, Intertek, and were not directly contacted by the Monsanto Company, according to the reviews Declaration of Interest statement. Neither any Monsanto company employees nor any attorneys reviewed any of the Expert Panels manuscripts prior to submission to the journal.

An anonymous reader quotes a report from Bloomberg: Alphabet Inc.'s Google has fired an employee who wrote an internal memo blasting the web company's diversity policies, creating a firestorm across Silicon Valley. James Damore, the Google engineer who wrote the note, confirmed his dismissal in an email, saying that he had been fired for "perpetuating gender stereotypes." Earlier on Monday, Google CEO Sundar Pichai sent a note to employees that said portions of the memo "violate our Code of Conduct and cross the line by advancing harmful gender stereotypes in our workplace." But he didn't say if the company was taking action against the employee. A Google representative, asked about the dismissal, referred to Pichai's memo. Damore's 10-page memorandum accused Google of silencing conservative political opinions and argued that biological differences play a role in the shortage of women in tech and leadership positions. It circulated widely inside the company and became public over the weekend, causing a furor that amplified the pressure on Google executives to take a more definitive stand. After the controversy swelled, Danielle Brown, Google's new vice president for diversity, integrity and governance, sent a statement to staff condemning Damore's views and reaffirmed the company's stance on diversity. In internal discussion boards, multiple employees said they supported firing the author, and some said they would not choose to work with him, according to postings viewed by Bloomberg News.

schwit1 quotes a Bloomberg column by Virginia Postrel: What makes Musk's Hyperloop plan seem like fantasy isn't the high-tech part. Shooting passengers along at more than 700 miles per hour seems simple -- engineers pushed 200 miles-per-hour in a test this week -- compared to building a tunnel from New York to Washington. And even digging that enormously long tunnel -- twice as long as the longest currently in existence -- seems straightforward compared to navigating the necessary regulatory approvals... The eye-rolling comes less from the technical challenges than from the bureaucratic ones.

With his premature declaration, Musk is doing public debate a favor. He's reminding us of what the barriers to ambitious projects really are: not technology, not even money, but getting permission to try. "Permits harder than technology," Musk tweeted after talking with Los Angeles mayor Eric Garcetti about building a tunnel network. That's true for the public sector as well as the private... SpaceX and its commercial-spaceflight competitors can experiment because Congress and President Barack Obama agreed to protect them from Federal Aviation Administration standards. usk is betting that his salesmanship will have a similar effect on the ground. He's trying to get the public so excited that the political pressures to allow the Hyperloop to go forward become irresistible. He seems to believe that he can will the permission into being. If he succeeds, he'll upend not merely intercity transit but the bureaucratic process by which things get built. That would be a true science-fiction scenario.

Slashdot reader cdreimer quotes the New York Times: Alkaline batteries can be made far more cheaply and safely than today's lithium-ion batteries, but they are not rechargeable... Ionic Materials could change that equation with an alkaline battery the company said could be recharged hundreds of times. One additional benefit of the company's breakthrough: An alkaline battery would not be as prone to the combustion issues that have plagued lithium-ion batteries in a range of products, most notably some Samsung smartphones. Cheaper and more powerful batteries are also considered by many to be the driver needed to make the cost of renewable energy technologies like wind and solar competitive with the coal, gas and nuclear power that support the national energy grid.
The company "has demonstrated up to 400 recharge cycles for its prototypes," and it's now even investigating aluminum-based alkaline batteries which would also be lighter than lithium-ion batteries. The company is backed by Sun Microsystems co-founder Bill Joy, who also envisions the batteries being used in electric cars.

According to Bloomberg, Apple is planning to release a version of the Apple Watch later this year that can connect directly to cellular networks, a move designed to reduce the device's reliance on the iPhone. From the report: Currently, Apple requires its smartwatch to be connected wirelessly to an iPhone to stream music, download directions in maps, and send messages while on the go. Equipped with LTE chips, at least some new Apple Watch models, planned for release by the end of the year, will be able to conduct many tasks without an iPhone in range, the people said. For example, a user would be able to download new songs and use apps and leave their smartphone at home. Intel Corp. will supply the LTE modems for the new Watch, according to another person familiar with the situation. Apple is already in talks with carriers in the U.S. and Europe about offering the cellular version, the people added. The carriers supporting the LTE Apple Watch, at least at launch, may be a limited subset of those that carry the iPhone, one of the people said.

Reader joshtops shares a report: For years, headlines have promised an imminent breakthrough in male contraception. Time and again, these efforts have fallen short. Last October, for instance, researchers reported that a hormone cocktail they'd been testing curbed sperm production and prevented pregnancies. But they'd had to halt the study early because men were reporting troubling side effects, including mood changes and depression. "The joke in the field is that the male contraceptive has been five years away for the last 40 years," says John Amory, a research physician at the University of Washington School of Medicine who has been working on the challenge for two decades. A new form of male birth control would be a public-health triumph and could snag a significant piece of the contraceptive market -- which is expected to surpass $33 billion by 2023, according to research firm Global Market Insights Inc -- or possibly expand it further. In a 2002 German survey of 9,000 men in nine countries, including Brazil, France, Germany, Mexico, and the U.S., more than 55 percent of the respondents said they'd be willing to use a new form of male birth control. A later study by Johns Hopkins University estimated that the demand could yield 44 million customers in those nine countries alone. And yet major pharmaceutical companies have mostly abandoned the chase.

An anonymous reader shares a report: Elon Musk introduced his vision for a futuristic mode of tube-based transportation called the hyperloop in 2013. In an exhaustive white paper, he laid out a body of research conducted with his team at Space Exploration Technologies demonstrating the system's viability and seemingly offered it as a gift to the entrepreneurial community. "I don't have any plan to execute because I must remain focused on SpaceX and Tesla," he said in a conference call at the time. He apparently changed his mind. Last month, the SpaceX and Tesla chief executive officer revealed on Twitter that he'd received "verbal government approval" to build a hyperloop capable of ferrying passengers between New York and Washington, D.C., in 29 minutes. The tweet came as a shock to executives at the various startups racing to develop their own hyperloops based on Musk's specifications. Several of them initially expressed hope that Musk would simply dig the tunnels and perhaps choose one of their startups to create the physical infrastructure, which involves a tube-encased train traveling at speeds faster than an airplane. Nope. A person close to Musk said his plan is to build the entire thing, including the hyperloop system. Musk also holds a trademark for "Hyperloop" through SpaceX, which could be used to prevent other companies from using the term, according to U.S. public records. The billionaire's unexpected entry into the hyperloop business could threaten the ambitions of three startups, which have raised about $200 million combined from venture backers. "There's probably a finite amount of capital willing to bet on this space -- and bet against him," said Jonathan Silver, the former loan programs director at the U.S. Department of Energy. Silver learned not to underestimate Musk after overseeing a 2010 loan of $465 million to Tesla, which the electric carmaker paid back, with interest, nine years ahead of schedule.

Unicorns aren't real, and neither are the valuations ascribed to many of the startups that say they're worth $1 billion or more, study finds. From a report: About half of private companies with valuations exceeding $1 billion, known as unicorns, wouldn't have earned the mythical title without the use of complex stock mechanics, according to a study by business professors at the University of British Columbia and Stanford University. The tools used to negotiate a higher share price with investors often come at the expense of employees and early shareholders, sometimes drastically reducing the actual value of their stock. The chasm between public and private valuations is a topic of increasing prominence following several disappointing listings. Among them is Blue Apron Holdings, which is trading well below the price venture capitalists paid in the last fundraising round. An often-overlooked explanation for the divide is buried in investor contracts. Blue Apron, which delivers meal kits to customers, gave stock preferences to Fidelity Investments and other backers in 2015 in exchange for a $2 billion valuation. The shares included a provision to receive additional equity if an initial public offering is set below a target price. Investors took advantage of the mechanism after Blue Apron's mediocre IPO.

Dana Hull, reporting for Bloomberg: Tesla's Elon Musk keeps getting the green light to do what it takes to bring electric cars to the masses, regardless of how much it's going to cost. The company burned through $1.16 billion in cash in the second quarter by spending on capacity for its cheapest model yet and boosting battery output. Investors fixated instead on what Musk said is coming next: Hundreds of thousands of Model 3 sedan deliveries, installations of solar roofs and an all-new semi truck to add to the lineup. "This is the best I've ever felt about Tesla's future," Musk said on a conference call. The stock surged as much as 7.4 percent to $349.94 as of 9:45 a.m. Thursday in New York, the biggest intraday gain in four months. The chief executive officer has built a fanatical following of Tesla shareholders who continue to throw their support behind his clean-energy vision. It helps that consumers keep opening their wallets: The Model 3, which starts at $35,000, has racked up almost half a million reservations and is drawing more deposits by the day. The record negative free cash flow Tesla reported for the three months ended in June was almost double the $622 million it went through in the first quarter. With a little more than $3 billion in cash on hand, Musk told analysts the company is thinking about raising money through a debt offering.

Workers with skills in virtual reality were the hottest thing on the U.S. job market in the last quarter, even though the technology has yet to break into mainstream use. From a report, shared by a reader: Demand for online freelancers with VR expertise grew far faster than for people with any other skill last quarter. Billings on VR projects grew more than 30-fold from the same period a year earlier, according to U.S. data provided by Upwork Inc's website that connects freelancers with employers. VR has so far struggled to break into the mainstream, with the technology largely confined to high-end video gaming. Facebook, which bought VR headset maker Oculus in 2014 for $2 billion, has already been lowering prices for the Oculus headset and is working on a more consumer-friendly version to be sold next year. Other companies that make VR goggles include Samsung, Google and Sony.

An anonymous reader quotes a report from Bloomberg: Facebook Inc. is working on a video chat device for the home -- the first major hardware product from its experimental Building 8 lab. Featuring a laptop-sized touchscreen, the device represents a new product category and could be announced as soon as next spring's F8 developer conference, according to people familiar with the matter. They say the large screen and smart camera technology could help farflung people feel like they're in the same room, which aligns with Chief Executive Officer Mark Zuckerberg's mission of bringing Facebook users closer together. The device is in the prototype phase but is already being tested in people's homes. Geared to the living room, the video chat device will feature a wide-angle camera lens, microphones and speakers that are all powered by artificial intelligence to boost performance, the people said. A version of the device in testing includes a thin, vertical stand that holds a large touchscreen measuring between 13 and 15 inches diagonally, the people said. Facebook has considered running a version of the Android operating system on its device instead of building its own core operating system, according to the people. Facebook is testing a feature that would allow the camera to automatically scan for people in its range and lock onto them, one of the people said. Facebook is also working on a standalone smart speaker to compete with the Amazon Echo and Google Home, reports Bloomberg. The social media giant is "hiring Apple veterans to help create a Siri-style voice assistant that would run on both devices."

Bitcoin is dividing in two. Disagreements about how to operate the cryptocurrency have led to a new strand called Bitcoin Cash, which is breaking off from the bitcoin system. From a report: Bitcoin Cash launches Tuesday in what is known as a "hard fork" from bitcoin, a virtual currency based on peer-to-peer transactions without any central authority or bank behind it. The new offshoot is a response to the increasing popularity of bitcoin, which is struggling to deal with massive numbers of transactions with its underpinning technology. The main bitcoin currency is adopting a system called Segwit2x that moves transactions out of the current blockchain, while bitcoin Cash will use bigger blocks within the blockchain. Bitcoin holders are set to receive the same amount of bitcoin cash as they have in bitcoin if the exchanges and wallets they use support the new coin, another report added. Exchanges including Kraken and ViaBTC have said they'll support both, while others like Coinbase and Poloniex have said they won't, citing uncertainty that bitcoin cash will have lasting market value.

Maggie Haberman, Michael D. Shear, and Glenn Thrush reporting for The New York Times: President Trump has decided to remove Anthony Scaramucci from his position as communications director (Editor's note: the link could be paywalled; alternative source), three people close to the decision said Monday, relieving him just days after Mr. Scaramucci unloaded a crude verbal tirade against other senior members of the president's senior staff. Mr. Scaramucci's abrupt removal came just 10 days after the wealthy New York financier was brought on to the West Wing staff, a move that convulsed an already chaotic White House and led to the departures of Sean Spicer, the former press secretary, and Reince Priebus, the president's first chief of staff. From a report: Anthony Scaramucci will be leaving his role as White House Communications Director," the statement read. "Mr. Scaramucci felt it was best to give Chief of Staff John Kelly a clean slate and the ability to build his own team. We wish him all the best." Press secretary Sarah Huckabee Sanders is scheduled to brief the press corps, on-camera, at 12:45 pm PST. Scaramucci was given the job on Friday, June 21, and by Thursday, July 27, became something of a national laughingstock when The New Yorker reported his profanity-laced conversation with the magazine's Washington correspondent the night before. He was hired by the president to take charge of a communications operation in disarray, and his hiring coincided with the departure of White House press secretary Sean Spicer. Scaramucci, in his conversation with The New Yorker's Ryan Lizza, was extremely critical of White House chief strategist Steve Bannon and predicted, correctly, that then-chief of staff Reince Priebus would be removed from his position. Following the publication of Lizza's article, it became an open question in Washington whether Scaramucci would keep his job.

Remember when NASA visited an asteroid with $10 quintillion worth of minerals? Now the lucrative asteroid-mining industry is being pursued by "the European banking hub with a population not much bigger than Albuquerque's," reports Bloomberg, as low-cost reconnaissance missions are already looking "increasingly feasible." An anonymous reader writes: Last week Luxembourg's parliament unanimously passed an asteroid mining law (which goes into effect Tuesday) "that gives companies ownership of what they extract from the celestial bodies..." according to Engadget. "Luxembourg's law is pretty similar to the one President Obama signed back in 2015 in that it gives mining companies the right to keep their loot. Both of them also take advantage of a loophole in the UN's Outer Space Treaty, which states that nations can't claim and occupy the moon and other celestial bodies. They don't give companies ownership of asteroids, after all, only the minerals they extract.. Unlike the U.S. version, though, a company's major stakeholders don't need to be based in Luxembourg to enjoy its protection -- they only need to have an office in country."

Bloomberg reports that the law "could serve as a model for other small countries hoping to explore asteroids -- and to get a piece of the booming space business," since the tiny country is also offering to buy equity stakes in any companies which relocate to Luxembourg. "Luxembourg's success in attracting these companies should show other small countries that space isn't just for superpowers any more... Competition has made space achievable for many more companies, and for the countries that support them."
For the last few years Luxembourg has begun quietly investing in asteroid mining, including a joint venture with "Deep Space Industries" to build a spacecraft to test asteroid-mining technologies -- while another collaboration with Kleos Space is working on "in-space manufacturing technology."

Remember when NASA visited an asteroid with $10 quintillion worth of minerals? Now the lucrative asteroid-mining industry is being pursued by "the European banking hub with a population not much bigger than Albuquerque's," reports Bloomberg, as low-cost reconnaissance missions are already looking "increasingly feasible." An anonymous reader writes: Last week Luxembourg's parliament unanimously passed an asteroid mining law (which goes into effect Tuesday) "that gives companies ownership of what they extract from the celestial bodies..." according to Engadget. "Luxembourg's law is pretty similar to the one President Obama signed back in 2015 in that it gives mining companies the right to keep their loot. Both of them also take advantage of a loophole in the UN's Outer Space Treaty, which states that nations can't claim and occupy the moon and other celestial bodies. They don't give companies ownership of asteroids, after all, only the minerals they extract.. Unlike the U.S. version, though, a company's major stakeholders don't need to be based in Luxembourg to enjoy its protection -- they only need to have an office in country."

Bloomberg reports that the law "could serve as a model for other small countries hoping to explore asteroids -- and to get a piece of the booming space business," since the tiny country is also offering to buy equity stakes in any companies which relocate to Luxembourg. "Luxembourg's success in attracting these companies should show other small countries that space isn't just for superpowers any more... Competition has made space achievable for many more companies, and for the countries that support them."
For the last few years Luxembourg has begun quietly investing in asteroid mining, including a joint venture with "Deep Space Industries" to build a spacecraft to test asteroid-mining technologies -- while another collaboration with Kleos Space is working on "in-space manufacturing technology."

An anonymous reader shares a report: A surge in Amazon shares Thursday morning in advance of the online retailer's earnings report has propelled founder Jeff Bezos past Bill Gates as the world's richest person. Shares of the online retailer rose 1.3 percent to $1,065.92 at 10:10 a.m. in New York, giving Bezos a net worth of $90.9 billion, versus $90.7 billion for Gates. If that holds through the 4 p.m. close, Bezos, 53, will leapfrog Gates, the Microsoft co-founder, on the Bloomberg Billionaires Index. Gates, 61, has held the top spot since May 2013.

An anonymous reader shares a Bloomberg Businessweek article: For almost a half-century there's been a clear speed limit on most commercial air travel: 660 miles per hour, the rate at which a typical-size plane traveling at 30,000 feet breaks the sound barrier and creates a 30-mile-wide, continuous sonic boom. That may be changing. In August, NASA says, it will begin taking bids for construction of a demo model of a plane able to reduce the sonic boom to something like the hum you'd hear inside a Mercedes-Benz on the interstate. The agency's researchers say their design, a smaller-scale model of which was successfully tested in a wind tunnel at the end of June, should cut the six-hour flight time from New York to Los Angeles in half. NASA proposes spending $390 million over five years to build the demo plane and test it over populated areas. The first year of funding is included in President Trump's 2018 budget proposal. Over the next decade, growth in air transportation and distances flown "will drive the demand for broadly available faster air travel," says Peter Coen, project manager for NASA's commercial supersonic research team. "That's going to make it possible for companies to offer competitive products in the future." NASA plans to share the technology resulting from the tests with U.S. plane makers, meaning a head start for the likes of Lockheed Martin, General Dynamics, Boeing, and startups such as Boom Technology and billionaire Robert Bass's Aerion. [...] NASA is targeting a sound level of 60 to 65 A-weighted decibels (dBa), Coen says. That's about as loud as that luxury car on the highway or the background conversation in a busy restaurant. Iosifidis says that Lockheed's research shows the design can maintain that sound level at commercial size and his team's planned demo will be 94 feet long, have room for one pilot, fly as high as 55,000 feet, and run on one of the twin General Electric engines that power Boeing Co.'s F/A-18 fighter jet.

From a Bloomberg report: Tech companies are keen to bring cool artificial intelligence features to phones and augmented reality goggles -- the ability to show mechanics how to fix an engine, say, or tell tourists what they are seeing and hearing in their own language. But there's one big challenge: how to manage the vast quantities of data that make such feats possible without making the devices too slow or draining the battery in minutes and wrecking the user experience. Microsoft says it has the answer with a chip design for its HoloLens goggles -- an extra AI processor that analyzes what the user sees and hears right there on the device rather than wasting precious microseconds sending the data back to the cloud. The new processor, a version of the company's existing Holographic Processing Unit, is being unveiled at an event in Honolulu, Hawaii, today. The chip is under development and will be included in the next version of HoloLens; the company didn't provide a date. This is one of the few times Microsoft is playing all roles (except manufacturing) in developing a new processor. The company says this is the first chip of its kind designed for a mobile device. Bringing chipmaking in-house is increasingly in vogue as companies conclude that off-the-shelf processors aren't capable of fully unleashing the potential of AI. Apple is testing iPhone prototypes that include a chip designed to process AI, a person familiar with the work said in May. Google is on the second version of its own AI chips. To persuade people to buy the next generation of gadgets -- phones, VR headsets, even cars -- the experience will have to be lightning fast and seamless.

An anonymous reader quotes Bloomberg: Drones will have to be registered and their users required to pass safety tests under new rules to be announced by the U.K.'s Department for Transport... Registration will be mandated for owners of drones 250 grams (8.8 ounces) or larger after research found that drones as small as 400 grams (14 ounces) could damage the windscreens of helicopters. Other security measures like "geo-fencing" -- GPS-based technology programmed into drones to prevent them from flying into sensitive areas such as prisons and airports -- are also under consideration, according to a statement from the department.
The BBC points out that "There is no time frame or firm plans as to how the new rules will be enforced and the Department of Transport admitted that 'the nuts and bolts still have to be ironed out.'"

"The UK government says 22 incidents involving commercial airliners and drones were investigated between January and April of this year," adds TechRadar, "with police unable to trace the owners of the drones -- one of the reasons for the new legislation."

randomErr writes from a report via Business Insider (alternate source): Ethereum, the rival to bitcoin, has been on a tear. Its founders said the latest trend in the cryptocurrency space may not be as good for the cryptocurrency as some might think. Ethereum is up 1,700% over the last year, and that spike has occurred in tandem with the growth of the hottest new trend in fundraising: initial coin offerings. Approximately $1.2 billion has been raised by the new cryptocurrency-based capital raising method this year, according to Autonomous Next, a financial technology analytics service. It is a trend that has sparked excitement across Wall Street. But the cofounder of the company behind the cryptocurrency, Charles Hoskinson, told Bloomberg that initial coin offerings may not benefit Ethereum. "People say ICOs are great for ethereum because, look at the price, but it's a ticking time-bomb," said Hoskinson. "There's an over-tokenization of things as companies are issuing tokens when the same tasks can be achieved with existing blockchains. People are blinded by fast and easy money."

During California's Gold Rush, it was often the sellers of pickaxes and shovels who made the most money. In the frenzy to get rich quick from cryptocurrencies, some investors are calling computer chipmakers the modern-day equivalent. From a report: Shares of Nvidia and Advanced Micro Devices have gained at least 14 percent since the beginning of June, spurred in part by about a 10-fold boom from April to June in a market, known as ethereum, for a currency that can be used to buy computing power over the internet. What's the link between ethereum and these Silicon Valley chipmakers? It lies in the really powerful graphics processors, designed to make computer games more realistic, that are also needed to gain access to encrypted digital currencies. Nvidia and AMD have rallied in the last month and a half even as investors have ignored chip stocks leaving the benchmark Philadelphia Stock Exchange Semiconductor Index up about 1 percent. Nvidia has gained 14 percent and AMD rallied 27 percent. While some of that has come from optimism around new products for other markets, analysts are projecting that sales related to cryptocurrencies will result in a spike in revenue for both companies. Even so, investors shouldn't bank on a lasting impact from the cryptocurrency boom, said Stacy Rasgon, an analyst at Sanford C. Bernstein & Co. "This has happened before," Rasgon said. "It lasted about a quarter." [...] Like bitcoin, ethereum is an attempt by an online community to create an economy that doesn't rely on government-backed currencies. Unlike bitcoin, it's focused solely on offering decentralized computing and storage services. Those seeking to use these services -- and speculators looking for a quick profit by creating and then selling ether -- have seized on graphics cards, which excel at performing multiple simple calculations in parallel, as a faster way to claim the blocks of code that act as the currency of the ethereum market. Demand from ethereum miners has created temporary shortages of some of the graphics cards, according to analysts, who cite sold-out products at online retailers. Estimates of additional sales from this demand run as high as $875 million, according to RBC Capital Markets analyst Mitch Steves. That would roughly equal AMD's total sales from graphics chips last year, or half of Nvidia's quarterly sales of those components. But Steves and other analysts are also quick to warn that the market opportunity could fizzle out.

Eric Newcomer, Olivia Zaleski, Dinesh Nair, and Alex Sherman, reporting for Bloomberg: Uber shareholders and its board, led by early backer Benchmark, have discussed selling some of their shares to Japan's SoftBank and other potential investors, people familiar with the matter said. The talks represent a major turning point for the company. It has amassed more than 500 investors who fought to own a piece of the world's most-valuable startup. The fact that some of the earliest backers now want to reduce their stakes suggests the scandals and other troubles this year have taken a toll. The deal could include an injection of new money into the ride-hailing startup, the people said. They asked not to be identified discussing private deliberations. It's unclear what valuation those shares would carry or how much may be sold. Any private share sale like this would need to be approved by San Francisco-based Uber's board. Uber's former Chief Executive Officer Travis Kalanick, who remains on the board, didn't learn about Benchmark's effort to sell early shares until recently, two people familiar with the matter said. Kalanick has often opposed allowing early shareholders to sell their stakes, though the board has allowed occasional exceptions. Even though Benchmark led an investor revolt against Kalanick, at least three major shareholders said they were unaware of Benchmark's effort to sell shares as of Friday morning, three people familiar with the matter said. SoftBank, which recently launched a $93 billion technology fund, has no plans to invest in Uber, a person close to the Japanese company said. SoftBank has backed Uber's primary rivals in India, Southeast Asia and China. Some of Uber's investors would like to see the startup cut deals with overseas competitors -- as it did with Didi Chuxing in China and Yandex NV in Russia. Grab, a leading ride-hailing startup in Asia, is raising as much as $2 billion from backers including SoftBank and Didi.

An anonymous reader shares a report: On a conference call last October, Netflix Chief Content Officer Ted Sarandos described the hip-hop drama "The Get Down" as a success, like the booming streaming service's other popular shows. Eight months and 11 episodes later, "The Get Down" is history, a flop after one season on the world's largest paid video service. The sci-fi thriller "Sense8," another of the company's lavish productions, was scrapped after two seasons. The back-to-back cancellations caught Hollywood by surprise. Netflix has defied convention by offering no inkling of how many people watch its shows and claiming just about everything is a hit. That's vexed competitors worried about Netflix's growing customer base and influence in Hollywood. The streaming company will spend more than $6 billion on programming this year, a good chunk of that on about 1,000 hours of original shows. Cancellations are common for all TV networks -- even for Netflix, which has wrapped up most of its first crop of original shows. Without the need to attract advertisers, the company is shielded from the weekly audience ratings that determine the fate of most dramas and sitcoms. "One of the great things about Netflix is we don't have to release ratings," Chief Executive Officer Reed Hastings said in an interview this week on CNBC. "Each show gets to have its own audience because it is very personalized." That's great for Netflix and its 100 million customers, who pay up to $12 a month for the service. Without pressure to deliver weekly ratings, the company can give shows time to develop a following. "House of Cards," the thriller starring Kevin Spacey and Robin Wright, just started its fifth season. It's not so great for competitors -- or producers who must grope for ways to measure the success of a given program and wonder if they're getting paid enough by the streaming service. With no data, they must rely on the positive remarks Netflix executives make for all their shows.

The man running Sweden's biggest security firm was declared bankrupt this week after his identity was hacked. Though the sub-optimal branding implications were hard to miss, Securitas AB was able to put the whole awkward incident behind it by the end of the day. From a report: Alf Goransson, the company's 59-year-old chief executive officer since 2007, won an appeal of the July 10 bankruptcy decision by the Stockholm District Court, according to a statement late Wednesday. The perpetrator used the CEO's identity to seek a loan of an undisclosed amount, after which a bankruptcy application was filed in his name. The identity theft took place in March. Goransson didn't know he'd been hacked until this week, the company said. The hack attack "has no effect on the company, other than that our CEO has been declared bankrupt," spokeswoman Gisela Lindstrand said. "And that will hopefully only last until later today, depending on how soon they can remove the decision."

New submitter Zorro shares a report from Bloomberg: Google won its fight against a 1.12 billion-euro ($1.3 billion) French tax bill after a court rejected claims the search-engine giant abused loopholes to avoid paying its fair share. Google didn't illegally dodge French taxes by routing sales in the country out of Ireland, the Paris administrative court decided Wednesday. Judges ruled that Google's European headquarters in Ireland can't be taxed as if it also has a permanent base in France, as requested by the nation's administration. "Google Ireland isn't taxable in France over the period 2005-2010," the court said in a statement. Google said in a statement: "The French Administrative Court of Paris has confirmed Google abides by French tax law and international standards. We remain committed to France and the growth of its digital economy."

An anonymous reader quotes a report from Bloomberg: Internal company emails obtained by Bloomberg Businessweek show that Kaspersky Lab has maintained a much closer working relationship with Russia's main intelligence agency, the FSB, than it has publicly admitted. It has developed security technology at the spy agency's behest and worked on joint projects the CEO knew would be embarrassing if made public. The previously unreported emails, from October 2009, are from a thread between Eugene Kaspersky and senior staff. In Russian, Kaspersky outlines a project undertaken in secret a year earlier "per a big request on the Lubyanka side," a reference to the FSB offices. Kaspersky Lab confirmed the emails are authentic.

The software that the CEO was referring to had the stated purpose of protecting clients, including the Russian government, from distributed denial-of-service (DDoS) attacks, but its scope went further. Kaspersky Lab would also cooperate with internet hosting companies to locate bad actors and block their attacks, while assisting with "active countermeasures," a capability so sensitive that Kaspersky advised his staff to keep it secret. In this case, Kaspersky may have been referring to something even more rare in the security world. A person familiar with the company's anti-DDoS system says it's made up of two parts. The first consists of traditional defensive techniques, including rerouting malicious traffic to servers that can harmlessly absorb it. The second part is more unusual: Kaspersky provides the FSB with real-time intelligence on the hackers' location and sends experts to accompany the FSB and Russian police when they conduct raids. That's what Kaspersky was referring to in the emails, says the person familiar with the system. They weren't just hacking the hackers; they were banging down the doors. Kaspersky Lab has issued a statement in response to Bloomberg's report. It reads in part: "Regardless of how the facts are misconstrued to fit in with a hypothetical, false theory, Kaspersky Lab, and its executives, do not have inappropriate ties with any government. The company does regularly work with governments and law enforcement agencies around the world with the sole purpose of fighting cybercrime. In the internal communications referenced within the recent article, the facts are once again either being misinterpreted or manipulated to fit the agenda of certain individuals desperately wanting there to be inappropriate ties between the company, its CEO and the Russian government, but no matter what communication they claim to have, the facts clearly remain there is no evidence because no such inappropriate ties exist."

China's government has told telecommunications carriers to block individuals' access to virtual private networks by Feb. 1, people familiar with the matter said, thereby shutting a major window to the global internet. From a report: Beijing has ordered state-run telecommunications firms, which include China Mobile, China Unicom and China Telecom, to bar people from using VPNs, services that skirt censorship restrictions by routing web traffic abroad, the people said, asking not to be identified talking about private government directives. The clampdown will shutter one of the main ways in which people both local and foreign still manage to access the global, unfiltered web on a daily basis. China has one of the world's most restrictive internet regimes, tightly policed by a coterie of government regulators intent on suppressing dissent to preserve social stability. In keeping with President Xi Jinping's "cyber sovereignty" campaign, the government now appears to be cracking down on loopholes around the Great Firewall, a system that blocks information sources from Twitter and Facebook to news websites such as the New York Times and others.

As the Indian city of Bangalore "grapples with inadequate roads, unprecedented growth and overpopulation," can technology companies find a solution? randomErr writes: Tech giants and startups are turning their attention to a common enemy: the Indian city's infernal traffic congestion. Commutes that can take hours have inspired Gridlock Hackathon for technology workers to find solutions to the snarled roads that cost the economy billions of dollars. While the prize totals a mere $5,500, it's attracting teams from global giants Microsoft Corp., Google and Amazon.com. Inc. to local startups including Ola.
Bloomberg reports that the ideas "range from using artificial intelligence and big data on traffic flows to true moonshots, such as flying cars... Other entries suggested including Internet of Things-powered road dividers that change orientation to handle changing situations. There is also a proposal for a reporting system that tracks vehicles that don't conform to the road rules..." And one hackathon official says a team "suggested building smart roads underneath the city and another has sent in detailed drawings of flying cars." Any more bright ideas -- and more importantly, do any of these solutions really have a chance of succeeding?

An anonymous reader quotes a report from Bloomberg: SoundCloud is cutting about 40 percent of its staff in a cost-cutting move the digital music service says will give it a better financial footing to compete against larger rivals Spotify and Apple. SoundCloud, which in January said it was at risk of running out of money, informed staff on Thursday that 173 jobs would be eliminated. It had 420 employees. The company's operations will be consolidated at its headquarters in Berlin and another office in New York. Offices in San Francisco and London will be shut.

"We need to ensure our path to long-term, independent success," Alex Ljung, the company's co-founder and chief executive officer, said in a blog post published on SoundCloud's website. He said the company has doubled its revenue over the past 12 months -- without providing specifics -- and that the cuts put it on a path to profitability.

Five years ago, Apple made fingerprint scanners on smartphones popular. Now the company may have found a better technology to replace it. According to Mark Gurman of Bloomberg, the Cupertino-based company is exploring 3D facial detection as a replacement for Touch ID fingerprint authentication. From the article: This is powered by a new 3-D sensor, added the people, who asked not to be identified discussing technology that's still in development. The company is also testing eye scanning to augment the system, one of the people said. The sensor's speed and accuracy are focal points of the feature. It can scan a user's face and unlock the iPhone within a few hundred milliseconds, the person said. It is designed to work even if the device is laying flat on a table, rather than just close up to the face. The feature is still being tested and may not appear with the new device. However, the intent is for it to replace the Touch ID fingerprint scanner, according to the person.

An anonymous reader writes: Over the weekend, I came across this story on Bloomberg that illustrates a common dilemma that many of us face ourselves: are we sure we're working enough? From the article: "Earlier this month, venture capitalist Keith Rabois set off a Silicon Valley firestorm about what it takes to succeed. When another tech investor wrote on Twitter that working on the weekends and burning out isn't cool -- and doesn't work -- Rabois fired back. "Totally false," he said. Rabois cited icons like Elon Musk, Mark Zuckerberg and Bill Belichick as proof that dogged dedication (usually measured by long hours) was the only way to reach the top of your field. Lots of people objected to this assessment, for reasons ranging from VC privilege to its gendered implications." I was wondering where Slashdot readers find themselves in this debate.

An anonymous reader shares a report: Microsoft is poised to layoff thousands of employees worldwide in a move to reorganize its salesforce. A source with knowledge of the planned downsizing told TechCrunch that the U.S. firm would lay off "thousands" of staff across the world. The restructuring is set to include an organizational merger that involves its enterprise customer unit and one or more of its SME-focused divisions. The changes are set to be announced this coming week, we understand. Microsoft declined to comment. Earlier this weekend, the Puget Sound Business Journal, Bloomberg and The Seattle Times all reported 'major' layoffs related to a move to increase the emphasis on cloud services within Microsoft's sales teams worldwide. Bloomberg said the redundancies would be "some of the most significant in the sales force in years."

pacopico writes: Elon Musk and SpaceX kicked off the New Space era with low-cost, reusable rockets. But now there's something just as dramatic brewing with really, really cheap rockets and really, really cheap satellites. Bloomberg has just profiled Peter Beck, a self-taught rocket engineer from New Zealand, who has built a $5 million rocket that will be taking cubesats [miniaturized satellites] from Planet Labs and others to space in the next few weeks. The story talks about a new type of computing shell being built around the Earth and all the players trying to fill it up.

pacopico writes: Elon Musk and SpaceX kicked off the New Space era with low-cost, reusable rockets. But now there's something just as dramatic brewing with really, really cheap rockets and really, really cheap satellites. Bloomberg has just profiled Peter Beck, a self-taught rocket engineer from New Zealand, who has built a $5 million rocket that will be taking cubesats [miniaturized satellites] from Planet Labs and others to space in the next few weeks. The story talks about a new type of computing shell being built around the Earth and all the players trying to fill it up.

An anonymous reader shares a Bloomberg report: There's little that's more Spanish than the afternoon siesta. As the mid-day sun goes up, businesses in small-town Spain pull down their shutters for a traditional nap. In big urban centers, modern business trends have ended that habit, leaving many Spaniards who work long hours exhausted. Now, Maria Estrella Jorro de Inza has found a way to bring back the siesta, making money while her countrymen nap. Bankers, lawyers and consultants catch up on their sleep at Siesta and Go -- Madrid's first nap-bar located in Azca, in the heart of the city's financial district that's home to firms like HSBC, Google and Deloitte. The concept is simple: for just 14 euros ($16) an hour, you get to unwind and take a power nap in a private bedroom before heading back to work. "It's funny that we're known for the siesta, but we haven't been professional about it," said De Inza, the nap-bar's 32-year-old founder. "We get a lot of men in suits who just want to relax and women wanting to take their heels off. Lunch break is the busiest time."

Toshiba has raised the stakes in an embittered legal row with its joint venture partner, suing Western Digital for a $1bn in damages and hoping Japanese courts will quash the US firm's interference in the sale of its memory chip business. From a report: The litigation, filed Wednesday in Tokyo District Court, seeks to stop Western Digital from making ownership claims over the enterprise that Toshiba is trying to sell. The Japanese company said in a statement that Western Digital's employees improperly obtained proprietary information. The relationship between Toshiba and Western Digital has gotten more acrimonious, as Toshiba moves toward a sale of the flash-memory division. Last month, Western Digital invoked an arbitration clause in their business agreement, seeking to block Toshiba's transfer of ownership of the unit to a separate legal entity in preparation for a sale. Toshiba, which has since reversed that transfer, then had its lawyers send a letter demanding that the U.S. company stop its "harassment" as Toshiba tries to sell the business.

Google suffered a major regulatory blow on Tuesday after European antitrust officials fined the search giant 2.4 billion euros, or $2.7 billion, for unfairly favoring some of its own search services over those of rivals. The European Commission concluded that the search giant abused its near-monopoly in online search to "give illegal advantage" to its own Shopping service. Margrethe Vestager, the EU's competition commissioner, said Google "denied other companies the chance to compete" and left consumers without "genuine choice." The hefty fine marks the latest chapter in a lengthy standoff between Europe and Google, which also faces two separate charges under the region's competition rules related to Android, its popular mobile software, and to some of its advertising products. From a report: Google has 90 days to "stop its illegal conduct" and give equal treatment to rival price-comparison services, according to a binding order from the European Commission on Tuesday. It's up to Google to choose how it does this and it must tell the EU within 60 days of its plans. Failure to comply brings a risk of fines of up to 5 percent of its daily revenue. [...] "I expect the Commission now to swiftly conclude the other two ongoing investigations against Google," Markus Ferber, a member of the European Parliament from Germany. "Unfortunately, the Google case also illustrates that competition cases tend to drag on for far too long before they are eventually resolved. In a fast-moving digital economy this means often enough that market abuse actually pays off and the abuser succeeds in eliminating the competition." Google has been pushing its own comparison shopping service since 2008, systematically giving it prominent placement when people search for an item, the EU said. Rival comparison sites usually only appear on page four of search results, effectively denying them a massive audience as the first page attracts 95 percent of all clicks. In a blog post, Google said the EU has "underestimated" the value Google's services brings to the table. "We believe the European Commission's online shopping decision underestimates the value of those kinds of fast and easy connections. While some comparison shopping sites naturally want Google to show them more prominently, our data show that people usually prefer links that take them directly to the products they want, not to websites where they have to repeat their searches. We think our current shopping results are useful and are a much-improved version of the text-only ads we showed a decade ago. Showing ads that include pictures, ratings, and prices benefits us, our advertisers, and most of all, our users. And we show them only when your feedback tells us they are relevant. Thousands of European merchants use these ads to compete with larger companies like Amazon and eBay. [...] Given the evidence, we respectfully disagree with the conclusions announced today. We will review the Commission's decision in detail as we consider an appeal, and we look forward to continuing to make our case," wrote Kent Walker, SVP and General Counsel at Google.

After Amazon announced it would buy Whole Foods Market for $13.7 billion earlier this month, John Mackey, Whole Foods' chief executive officer, rejoiced and reportedly gushed about Amazon's technological innovation. "We will be joining a company that's visionary," Mackey said. "I think we're gonna get a lot of those innovations in our stores. I think we're gonna see a lot of technology. I think you're gonna see Whole Foods Market evolve in leaps and bounds." Specifically, Mackey is talking about the thousands of delivery robots Amazon uses in its facilities. Bloomberg reports: In negotiations, Amazon spent a lot of time analyzing Whole Foods' distribution technology, pointing to a possible way in which the company sees the most immediate opportunities to reduce costs, said a person familiar with the matter who asked not to be identified because the issue was private. Experts say the most immediate changes would likely be in warehouses that customers never see. That suggests the jobs that could be affected the earliest would be in the warehouses, where products from suppliers await transport to store shelves, said Gary Hawkins, CEO of the Center for Advancing Retail and Technology, a Los Angeles nonprofit that helps retailers and brands innovate. As Amazon looks to automate distribution, cashiers will be safe -- for now. Amazon sees automation as a key strategic advantage in its overall grocery strategy, according to company documents reviewed by Bloomberg before the Whole Foods acquisition was announced. Whole Foods has 11 distribution centers specializing in perishable foods that serve its stores. It also has seafood processing plants, kitchens and bakeries that supply prepared food to each location. Those are the places where Amazon could initially focus, according to experts. While the company said it has no current plans to automate the jobs of cashiers in Whole Foods stores after it finishes acquiring the grocery chain, it's likely only a matter of time before cashier positions become automated. According to Bloomberg's report, Amazon may bring the robots to the stores after automating Whole Foods' warehouses. "The first ones will likely navigate aisles to check inventory and alert employees when items run low, said Austin Bohlig, an advisor at Loup Ventures, which invests in robotics startups," reports Bloomberg.

From a report: The U.S. Supreme Court partially revived President Donald Trump's travel ban and said the justices will hear arguments in the fall. The justices said the ban can apply for now only to people who don't have a "credible claim of a bona fide relationship with a person or entity in the United States." From a NYT report: Mr. Trump's revised executive order, issued in March, limited travel from six mostly Muslim countries for 90 days and suspended the nation's refugee program for 120 days. The time was needed, the order said, to address gaps in the government's screening and vetting procedures. [...] The United States Court of Appeals for the Ninth Circuit, in San Francisco, recently blocked both the limits on travel and the suspension of the refugee program. It ruled on statutory rather than constitutional grounds, saying Mr. Trump had exceeded the authority granted him by Congress. The court agreed to review both cases, and said it would hear arguments in October, noting that the government had not asked it to act faster.

An anonymous reader quotes Bloomberg: The websites of Ohio Governor John Kasich and other state government agencies were hacked on Sunday with a posting professing love for the jihadist group Islamic State. Ten state websites and two servers were affected, and they've been taken off line for an investigation with law enforcement into how the hackers were able to deface them, said Tom Hoyt, a spokesman for the Ohio Department of Administrative Services... The same pro-Islamic State message, accompanied by music, were also shown on Sunday on the website of Brookhaven, a town on New York's Long Island about 50 miles (80 kilometers) from Manhattan, the New York Post reported... Ohio Treasurer Josh Mandel, a Republican candidate for the U.S. Senate in 2018, posted on Facebook that the Department of Rehabilitation and Correction website had been hacked and said, "Wake up freedom-loving Americans. Radical Islam infiltrating the heartland."

Google will soon stop scanning emails received by some Gmail users, a practice that has allowed it to show them targeted advertising but which stirred privacy worries. From a report: The decision didn't come from Google's ad team, but from its cloud unit, which is angling to sign up more corporate customers. Alphabet's Google Cloud sells a package of office software, called G Suite, that competes with market leader Microsoft. Paying Gmail users never received the email-scanning ads like the free version of the program, but some business customers were confused by the distinction and its privacy implications, said Diane Greene, Google's senior vice president of cloud. "What we're going to do is make it unambiguous," she said. Ads will continue to appear inside the free version of Gmail, as promoted messages. But instead of scanning a user's email, the ads will now be targeted with other personal information Google already pulls from sources such as search and YouTube.

An anonymous reader shares a Bloomberg Businessweek feature: The Austrian village of Donawitz has been an iron-smelting center since the 1400s, when ore was dug from mines carved out of the snow-capped peaks nearby. Over the centuries, Donawitz developed into the Hapsburg Empire's steel-production hub, and by the early 1900s it was home to Europe's largest mill. With the opening of Voestalpine AG's new rolling mill this year, the industry appears secure. What's less certain are the jobs. The plant, a two-hour drive southwest of Vienna, will need just 14 employees to make 500,000 tons of robust steel wire a year -- vs. as many as 1,000 in a mill with similar capacity built in the 1960s. Inside the facility, red-hot metal snakes its way along a 700-meter (2,297-foot) production line. Yet the floors are spotless, the only noise is a gentle hum that wouldn't overwhelm a quiet conversation, and most of the time the place is deserted except for three technicians who sit high above the line, monitoring output on a bank of flatscreens. "We have to forget steel as a core employer," says Wolfgang Eder, Voestalpine's chief executive officer for the past 13 years. "In the long run we will lose most of the classic blue-collar workers, people doing the hot and dirty jobs in coking plants or around the blast furnaces. This will all be automated."