Domain: bloomberg.com
Stories and comments across the archive that link to bloomberg.com.
Stories · 1,477
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Microsoft Funds First US-Based Chinese Research University Degree Program
theodp writes: Microsoft will give $40 million to help fund a graduate-school program with the Univ. of Washington and China's Tsinghua University. The Global Innovation Exchange, which will be located in the Seattle area, marks the first time a Chinese research university has established a physical presence in the U.S. The center will open in 2016 with the goal of attracting 3,000 students within a decade, according to Microsoft general counsel Brad Smith. UW Interim President Ana Mari Cauce and Tsinghua President Qiu Yong made the announcement Thursday afternoon in downtown Bellevue, accompanied by Gov. Jay Inslee and Microsoft CEO Satya Nadella. Both Cauce and Smith waved off concerns about the possibility that a partnership with a Chinese university could lead to corporate espionage or hacking. "The solution to mistrust is more contact, not less," said Cauce, whose UW currently hosts 3,500+ students from China. -
GitHub Seeks Funding At $2 Billion Valuation
itwbennett writes: GitHub, the most popular Git hosting site, is reportedly seeking $200 million in an upcoming private funding round that values the company as high as $2 billion. "GitHub is an interesting company," said analyst Frank Scavo, president of Computer Economics. "It is partly a hosting service for developers and partly a social media site." And it's a great place to recruit developers. But company-specific factors aside, there's also a lot of money in the market "looking for homes," said Rob Enderle, principal analyst with Enderle Group. -
FDA Bans Trans Fat
An anonymous reader writes: The U.S. Food and Drug Administration has finally come to a conclusion about artificial trans fat: it must be removed from the U.S. food supply over the next three years. According to their final determination (PDF), there's no longer a scientific consensus that partially hydrogenated oils are safe to consume. Trans fat must be gone from food in the U.S. by June, 2018, unless a petitioner is granted specific approval by the FDA to continue using it. "Many baked goods such as pie crusts and biscuits as well as canned frosting still use partially hydrogenated oils because they help baked goods maintain their flakiness and frostings be spreadable. As for frying, palm oil is expected to be a go-to alternative, while modified soybean oil may catch on as well." The food industry is expected to spend $6.2 billion over the next two decades to formulate replacements, but the money saved from health benefits is expected to be more than 20 times higher. -
Linus Torvalds Says Linux Can Move On Without Him
pacopico writes: In a typically blunt interview, Linus Torvalds has said for the first time that if he were to die, Linux could safely continue on its own. Bloomberg has the report, which includes a video with Torvalds at his home office. Torvalds insists that people like Greg Kroah-Hartman have taken over huge parts of the day-to-day work maintaining Linux and that they've built up enough trust to be respected. This all comes as Torvalds has been irking more and more people with his aggressive attitude. The line between "blunt" and "aggressive" is one that you probably get to skirt a lot, when you (in the words of the Bloomberg reporter) "may be the most influential individual economic force of the past 20 years." -
Julian Assange To Be Interviewed In London After All
mpawlo writes: The Swedish Director of Public Prosecution Ms Marianne Ny has submitted a request for legal assistance to the English authorities and a request to Ecuadorian authorities regarding permission to interview Julian Assange at Ecuador's embassy in London during June-July 2015. Back in 2010, a warrant was issued in Stockholm, Sweden for WikiLeaks founder and spokesman Julian Assange. Ever since, Assange has found refugee at the embassy of Ecuador in London. -
Swift: Apple's Biggest Achievement For Coders
GordonShure.com writes: Despite its publicity and hype being rather quiet by Apple standards, the Swift programming language has attracted praise since its release last year. Swift is one of the few Apple products that represent a departure from the hardware-led Steve Jobs approach to the business. If this year's survey of coders by Stack Overflow is anything to go by, it looks as if the language might have potential to really shake things up in a landscape which has been little changed since the 1990s. Might the days of Apple programmers relying upon objective C be numbered? -
China Denies Responsibility For US Government Data Breach
schwit1 writes: On Friday, Beijing responded to allegations from Washington that China was responsible for a cyberattack on the U.S. Office of Personnel Management that compromised the personal data of some 4 million government employees. The accusations, China's foreign ministry said, are "irresponsible" and "groundless." The OPM breach is the latest in a string of cyber 'incidents' that have coincidentally occurred in the wake of the Pentagon's new cyber strategy.
ZeroHedge argues, "Whether or not the most recent virtual attack on the U.S. did indeed emanate from China or one of Washington's other so-called "cyberadversaries" (the list includes Iran, Russia, and North Korea) will likely never be known the public, but rest assured the blame will be placed with a state actor so as to ensure the DoD has some precedent to refer to when, for whatever reason, the Pentagon decides it's time to deploy an "offensive" cyberattack later on down the road."
Irrespective of where the attack originated, it appears obsolete technology was ultimately to blame, because as Bloomberg reports, "Einstein" wasn't much help in preventing the intrusion: "It's behind schedule, the result of inter-agency fights over privacy, control and other matters, and only about half of the government was protected when the hackers raided OPM's databases last December. It's also, by the government's own admission, already obsolete. Over the last several months, U.S. officials have said that perimeter-based defenses such as Einstein, even backed by the National Security Agency's own corps of hackers, can never prevent break-ins." -
Spider Silk Finally Ready For Commercialization
An anonymous reader writes: We've been hearing about little bits of progress for decades, but spider silk fibers are finally ready to be delivered at commercial scale, thanks to three scientist-founders and large investments ($40M) from SF and SV venture capitalists. Who'll be the first to build a web slinger? -
Intel To Buy Altera For $16.7 Billion
An anonymous reader writes: Today Intel purchased chipmaker Altera for $16.7 billion. This follows another huge purchase in the semiconductor industry last week, when Avago snapped up Broadcom for $37 billion. This has been a record year for consolidation within the industry, as companies struggle to deal with slowing growth and stagnating stock prices. Altera had already rejected an offer from Intel, but shareholders pressured them to reconsider. "Acquiring Altera may help Intel defend and extend its most profitable business: supplying server chips used in data centers. While sales of semiconductors for PCs are declining as more consumers rely on tablets and smartphones to get online, the data centers needed to churn out information and services for those mobile devices are driving orders for higher-end Intel processors and shoring up profitability." -
Intel To Buy Altera For $16.7 Billion
An anonymous reader writes: Today Intel purchased chipmaker Altera for $16.7 billion. This follows another huge purchase in the semiconductor industry last week, when Avago snapped up Broadcom for $37 billion. This has been a record year for consolidation within the industry, as companies struggle to deal with slowing growth and stagnating stock prices. Altera had already rejected an offer from Intel, but shareholders pressured them to reconsider. "Acquiring Altera may help Intel defend and extend its most profitable business: supplying server chips used in data centers. While sales of semiconductors for PCs are declining as more consumers rely on tablets and smartphones to get online, the data centers needed to churn out information and services for those mobile devices are driving orders for higher-end Intel processors and shoring up profitability." -
Stock Market Valuation Exceeds Its Components' Actual Value
An anonymous reader writes: James Tobin, a Nobel Prize-winning economist, developed a concept called "Q-value" — it's the ratio between two numbers: 1) the sum of all publicly-traded companies' stock valuations and 2) the value of all these companies' actual assets, if they were sold. Bloomberg reports that the continued strength of the stock market has now caused that ratio to go over 1 — in other words, the market values companies about 10% higher than the sum of their actual assets. The Q value is now at its highest point since the Dot-com bubble. Similar peaks in the past hundred years have all been quickly followed by crashes.
Now, that's not to say a crash is imminent — experts disagree on the Q-value's reliability. One said, "the ratio's doubling since 2009 to 1.10 is a symptom of companies diverting money from their businesses to the stock market, choosing buybacks over capital spending. Six years of zero-percent interest rates have similarly driven investors into riskier things like equities, elevating the paper value of assets over their tangible worth." Others point out that as the digital economy grows, a greater portion of publicly traded companies lack the tangible assets that were the hallmark of the manufacturing boom. -
How SpaceX and the Quest For Mars Almost Sunk Tesla Motors
braindrainbahrain writes: Elon Musk and his rocket company are well known to Slashdottters. This article and book excerpt tell the story of the creation of SpaceX and how it almost sank Musk's other company, Tesla Motors. Musk recalls, "I could either pick SpaceX or Tesla or split the money I had left between them. That was a tough decision. If I split the money, maybe both of them would die. If I gave the money to just one company, the probability of it surviving was greater, but then it would mean certain death for the other company." But then, at the last moment, years of work at SpaceX finally paid off: "[O]n Dec. 23, 2008, SpaceX received a wonderful shock. The company won a $1.6 billion contract for 12 NASA resupply flights to the space station. Then the Tesla deal ended up closing successfully, on Christmas Eve, hours before Tesla would have gone bankrupt. Musk had just a few hundred thousand dollars left and could not have made payroll the next day." Also, it turns out the inspiration for SpaceX was the idea of sending mice to Mars. -
Apple Gets Antitrust Scrutiny Over Music Deals
An anonymous reader writes: Bloomberg reports that the U.S. Federal Trade Commission is probing Apple after its acquisition of Beats Electronics, and its various deals with record labels to sell music through the iTunes store. As part of the acquisition, Apple now owns the music streaming service created by Beats, and they're planning to release a new version sometime soon. This makes their ties to the record labels, already deep because of iTunes, even stronger — and could affect the labels' relationships with other streaming services, like Spotify. Investigators want to know if Apple is using these business deals as leverage for "curtailing ad-supported music and pushing more songs into paid tiers of service at higher rates." -
Report: Microsoft Considering Salesforce Acquisition
An anonymous reader writes: Bloomberg reports that Microsoft is considering making a bid for CRM and cloud software company Salesforce, after hearing that Salesforce was entertaining an offer from another company. No talks are underway, but Salesforce has started working with investment banks to figure out how it wants to respond to such offers. Salesforce has a market value of about $50 billion, so any sort of acquisition would be a huge business deal. -
Judge Tosses United Airlines Lawsuit Over 'Hidden City' Tickets
An anonymous reader writes: United Airlines lost a legal round in its effort to stop a website that helps people find 'hidden city' ticket pairs. The airline, along with online travel site Orbitz, sued New York-based Skiplagged.com and its founder, Aktarer Zaman, in November seeking an injunction to stop the site from sending users to Orbitz to purchase United tickets. A federal judge ruled Thursday that Illinois isn't the proper venue for the carrier's claims. -
Scientists Have Paper On Gender Bias Rejected Because They're Both Women
ferrisoxide.com writes: A paper co-authored by researcher fellow Dr. Fiona Ingleby and evolutionary biologist Dr. Megan Head — on how gender differences affect the experiences that PhD students have when moving into post-doctoral work — was rejected by peer-reviewed PLoS Onebecause they didn't ask a man for help.
A (male) peer reviewer for the journal suggested that the scientists find male co-authors, to prevent "ideologically biased assumptions." The same reviewer also provided his own ironically biased advice, when explaining that women may have fewer articles published because men's papers "are indeed of a better quality, on average," "just as, on average, male doctoral students can probably run a mile race a bit faster." PLoS One has apologized, saying, "We have formally removed the review from the record, and have sent the manuscript out to a new editor for re-review. We have also asked the Academic Editor who handled the manuscript to step down from the Editorial Board and we have removed the referee from our reviewer database." -
China's Tencent Launches Smart Hardware OS To Rival Alibaba
An anonymous reader writes: Chinese internet and media giant Tencent Holdings has today launched an operating system for mobile devices such as internet-connected phones, TVs, smartwatches and other IoT products. Tencent Operating System (OS) TOS+ is open to all developers and manufacturers free of charge should they agree to share their revenue – a framework similar to Google's popular Android mobile OS. The new Tencent OS offering, which provides voice recognition and mobile payment systems, will rival other home-grown operating systems looking to conquer the smart hardware arena with connected wearables, TVs and smart homeware technology. These competitors include smartphone maker Xiaomi and Asia's largest internet company Alibaba, who hopes to see its recently launched Yun OS eventually installed on tens of millions of smartphones. The Chinese systems for mobile and hardware products provide an alternative to Google's services, which constantly face challenges across the country due to strict censorship and licensing laws. -
Bloomberg Report Suggests Comcast & Time Warner Merger Dead
andyring writes: According to Bloomberg News, the Time Warner/Comcast merger of raw evil is dead. Comcast plans as early as tomorrow to withdraw the merger proposal, "after regulators decided that the deal wouldn't help consumers, making approval unlikely" according to the story. If so, that means regulators won't have the chance to kill it themselves. -
Supreme Court Rules Extending Traffic Stop For Dog Sniff Unconstitutional
bmxeroh writes: The Supreme Court ruled today (PDF) that a police officer may not extend a traffic stop beyond the time needed to complete the tasks related to that stop for the purposes of allowing a trained dog to sniff for drugs. Justice Ruth Bader Ginsburg wrote for the majority (6-3) that police authority "ends when tasks tied to the traffic infraction are — or reasonably should have been — completed." The case, Rodriguez v. United States, 13-9972, all started with Rodriguez was stopped in Nebraska for driving out of his lane. After he was given the ticket for that infraction, he was made to wait an additional seven to eight minutes for a drug dog to arrive which promptly alerted to the presence of drugs in the car. Upon search, the officers found a small bag of methamphetamine in his possession. -
Elon Musk Bailed Out of $6bn Google Takeover To Save Tesla From 2013 Bankruptcy
An anonymous reader sends word that Elon Musk almost sold Tesla to Google in 2013 when the company was close to bankruptcy. "Elon Musk had a deal to sell his electric car company Tesla, to Google for $6bn (£4bn) when it was heading for bankruptcy with just two weeks' worth of cash left in the bank. During the first week of March 2013, Musk spoke to his friend Larry Page, chief executive of Google, about the search giant buying his car company, which at the time was suffering from falling sales amid technical problems with the few Model S luxury sedan cars it had delivered. Ashlee Vance, author of upcoming book Elon Musk: Tesla, SpaceX and the Quest for a Fantastic Future, claims in an extra for Bloomberg two people 'with direct knowledge of the deal' said Musk and Page agreed to the buyout and shook on a price of around $6bn. This was plus promises from Google to invest $5bn for factory expansion and to not break Tesla up or close it down." -
DOJ Could Nix Comcast-Time Warner Merger
jriding (1076733) writes The Comcast-Time Warner Cable merger has been in the works for so long, it's starting to feel like the impending monopolistic telecom Frankenbaby was inevitable. But the Justice Department may kibosh the deal for violating antitrust laws, according to a report from Bloomberg. -
Obama Says Climate Change Is Harming Americans' Health
HughPickens.com writes: The Washington Post reports on new comments from President Obama, who says global warming isn't just affecting the weather — it's harming Americans' health. He has announced steps government and businesses will take to better understand and deal with the problem. Obama said hazards of the changing climate include wildfires sending more pollution into the air, allergy seasons growing longer, and rising cases of insect-borne diseases. "We've got to do better in protecting our vulnerable families," said Obama. "You can't cordon yourself off from air."
Speaking at Howard University Medical School, Obama announced commitments from Google, Microsoft and others to help the nation's health system prepare for a warmer, more erratic climate. Google has promised to donate 10 million hours of advanced computing time on new tools, including risk maps and early warnings for things like wildfires and oil flares using the Google Earth Engine platform, the White House said. Google's camera cars that gather photos for its "Street View" function will start measuring methane emissions and natural gas leaks in some cities this year. Microsoft's research arm will develop a prototype for drones that can collect large quantities of mosquitoes, then digitally analyze their genes and pathogens. The goal is to create a system that could provide early warnings about infectious diseases that could break out if climate change worsens. -
Carly Fiorina Calls Apple's Tim Cook a 'Hypocrite' On Gay Rights
HughPickens.com (3830033) writes "David Knowles reports at Bloomberg that former Hewlett-Packard CEO and potential 2016 presidential candidate Carly Fiorina called out Apple CEO Tim Cook as a hypocrite for criticizing Indiana and Arkansas over their Religious Freedom Restoration Acts while at the same time doing business in countries where gay rights are non-existent. "When Tim Cook is upset about all the places that he does business because of the way they treat gays and women, he needs to withdraw from 90% of the markets that he's in, including China and Saudi Arabia," Fiorina said. "But I don't hear him being upset about that."
In similar criticism of Hillary Clinton on the Fox News program Hannity, Fiorina argued that Clinton's advocacy on behalf of women was tarnished by donations made to the Clinton Foundation from foreign governments where women's rights are not on par with those in America. ""I must say as a woman, I find it offensive that Hillary Clinton travels the Silicon Valley, a place where I worked for a long time, and lectures Silicon Valley companies on women's rights in technology, and yet sees nothing wrong with taking money from the Algerian government, which really denies women the most basic human rights. This is called, Sean, hypocrisy." While Hillary Clinton hasn't directly addressed Fiorina's criticisms, her husband has. "You've got to decide, when you do this work, whether it will do more good than harm if someone helps you from another country," former president Bill Clinton said in March. "And I believe we have done a lot more good than harm. And I believe this is a good thing."" -
Court Refuses To Dismiss AT&T Throttling Case
Taco Cowboy sends news that a federal judge has shot down AT&T's attempt to dismiss a lawsuit alleging the company deceived customers by throttling their mobile data speeds. The suit was filed by the Federal Trade Commission after it found AT&T was charging customers for "unlimited" data plans, but then throttling their bandwidth once certain thresholds were reached. AT&T tried to have the suit thrown out by saying the FTC was exceeding its authority. Judge Edward Chen disagrees (PDF), saying jurisdiction for their conduct had not yet passed to the Federal Communications Commission when it occurred. The throttling affected "at least 3.5 million customers." -
Why the Final Moments Inside a Cockpit Are Heard But Not Seen
jones_supa writes: There's no video footage from inside the cockpit of the Germanwings flight that left 150 people dead — nor is such footage recorded from any other commercial airline crash in recent years. Unlike many other vehicles operating with heightened safety concerns, airline cockpits don't come with video surveillance. The reason, in part, is that airline pilots and their unions have argued vigorously against what they see as an invasion of privacy that would not improve aviation safety. The long debate on whether airplane cockpits in the U.S. should be equipped with cameras dates back at least 15 years, when the National Transportation Safety Board (NTSB) first pushed regulators to require video monitoring following what the agency called "several accidents involving a lack of information regarding crewmember actions and the flight deck environment." The latest NTSB recommendation for a cockpit image system (PDF) came in January 2015. Should video streams captured inside the plane become a standard part of aviation safety measures? -
US Air Force Overstepped In SpaceX Certification
Rambo Tribble writes: An internal review commissioned by Air Force Secretary Deborah James has concluded that Air Force personnel tasked with evaluating SpaceX's certification treated it as a design review, going so far as to dictate organizational changes in the company. This was judged contrary to the intention of promoting a competitive environment. The report, prepared by former Air Force Chief of Staff General Larry Welch, concluded, "The result to date has been ... the worst of all worlds, pressing the Falcon 9 commercially oriented approach into a comfortable government mold that eliminates or significantly reduces the expected benefits to the government of the commercial approach. Both teams need to adjust." -
RadioShack Puts Customer Data Up For Sale In Bankruptcy Auction
itwbennett writes For years, RadioShack made a habit of collecting customers' contact information at checkout. Now, the bankrupt retailer is putting that data on the auction block. A list of RadioShack assets for sale includes more than 65 million customer names and physical addresses, and 13 million email addresses. Bloomberg reports that the asset sale may include phone numbers and information on shopping habits as well. New York's Attorney General says his office will take 'appropriate action' if the data is handed over. -
Apple May Start Accepting Android Phones As Trade-Ins
HughPickens.com writes Bloomberg reports that according to a person with knowledge of the matter, Apple plans to start accepting non-Apple devices as trade-ins as the company seeks to extend market-share gains against Android smartphones. Apple is seeking to fuel even more iPhone 6 and 6 Plus sales after selling 74.5 million units in the last three months of 2014. Thanks to record sales, shipments of iPhones surpassed Android in the US with 47.7 percent of the market compared with Android's 47.6 percent. According to Apple CEO Tim Cook Apple "experienced the highest Android switcher rate in any of the last three launches in the three previous years." While Android phones don't hold their value as well as iPhones, it still makes sense for Apple Stores to accept them, says Israel Ganot, former CEO of Gazelle Inc., an online mobile device trade-in company. "Apple can afford to pay more than the market value to get you to switch over," says Ganot, "on the idea that you're going to fall in love with the iOS ecosystem and stay for a long time." -
Stanford Study Credits Lack of Non-Competes For Silicon Valley's Success
HughPickens.com writes Natalie Kitroeff writes at Bloomberg that a new study says the secret to Silicon Valley's triumph as the global capital of innovation may lie in a quirk of California's employment law that prohibits the legal enforcement of non-compete clauses. Unlike most states, California prohibits enforcement of non-compete clauses that force people who leave jobs to wait for a predetermined period before taking positions at rival companies. That puts California in the ideal position to rob other regions of their most prized inventors, "Policymakers who sanction the use of non-competes could be inadvertently creating regional disadvantage as far as retention of knowledge workers is concerned," wrote the authors of the study "Regional disadvantage? Employee non-compete agreements and brain drain" (PDF). "Regions that choose to enforce employee non-compete agreements may therefore be subjecting themselves to a domestic brain drain not unlike that described in the literature on international emigration out of less developed countries."
The study, which looked at the behavior of people who had registered at least two patents from 1975 to 2005, focused on Michigan, which in 1985 reversed its longstanding prohibition of non-compete agreements. The authors found that after Michigan changed the rules, the rate of emigration among inventors was twice as a high as it was in states where non-competes remained illegal. Even worse for Michigan, its most talented inventors were also the most likely to flee. "Firms are going to be willing to relocate someone who is really good, as opposed to someone who is average," says Lee Fleming. For the inventors, it makes sense to take a risk on a place such as California, where they have more freedom. "If the job they relocate for doesn't work out, then they can walk across the street because there are no non-competes." -
SXSW: Do Androids Dream of Being You?
Nerval's Lobster writes In 2010, Dr. Martine Rothblatt (founder of United Theraputics and Sirius Radio) decided to build a robotic clone of her partner, named Bina. In theory, this so-called "mindclone" (dubbed Bina48) can successfully mimic the flesh-and-blood Bina's speech and decision-making, thanks to a dataset (called a "mindfile") that contains all sorts of information about her mannerisms, beliefs, recollections, values, and experiences. But is software really capable of replicating a person's mind? At South by Southwest this year, Rothblatt is defending the idea of a "mindfile" and clones as a concept that not only works, but already has a "base" thanks to individuals' social networks, email, and the like. While people may have difficulty embracing something engineered to replicate their behavior, Rothblatt suggested younger generations will embrace the robots: "I think younger people will say 'My mindclone is me, too.'" Is her idea unfeasible, or is she onto something? Video from Bloomberg suggests that Bina48 still has some kinks to work out before it can pass for human. -
Verizon Posts Message In Morse Code To Mock FCC's Net Neutrality Ruling
HughPickens.com writes: Chris Matyszczyk reports at Cnet that Verizon has posted a message to the FCC titled: FCC's 'Throwback Thursday' Move Imposes 1930s Rules on the Internet" written in Morse code. The first line of the release dated February 26, 1934 in old typewriter font (PDF) reads: "Today (Feb.26) the Federal Communications Commission approved an order urged by President Obama that imposes rules on broadband Internet services that were written in the era of the steam locomotive and the telegraph." The Federal Communications Commission voted 3-2 along party lines in favor of new Internet service rules that prohibit blocking, slowing or prioritizing traffic. The rules, which have not yet been released, are opposed by cable and telephone companies that fear it will curb Internet growth and stifle payback on network investment. "It isn't a surprise that Verizon is a touch against Thursday's order. In 2012, it insisted that the very idea of Net neutrality squished its First and Fifth Amendment right," writes Matyszczyk. "I wonder, though, who will be attracted by this open mockery. Might this be a sign that Verizon doesn't think the fight is over at all?" -
Leonard Nimoy Dies At 83
Esther Schindler writes: According to the NY Times, Leonard Nimoy died on Friday morning at his home in the Bel Air section of Los Angeles. He was 83 years old. He was, and always shall be, our friend. From the article: His wife, Susan Bay Nimoy, confirmed his death, saying the cause was end-stage chronic obstructive pulmonary disease. Mr. Nimoy announced last year that he had the disease, which he attributed to years of smoking, a habit he had given up three decades earlier. He had been hospitalized earlier in the week. His artistic pursuits — poetry, photography and music in addition to acting — ranged far beyond the United Federation of Planets, but it was as Mr. Spock that Mr. Nimoy became a folk hero, bringing to life one of the most indelible characters of the last half century: a cerebral, unflappable, pointy-eared Vulcan with a signature salute and blessing: “Live long and prosper” (from the Vulcan “Dif-tor heh smusma”). -
Jury Tells Apple To Pay $532.9 Million In Patent Suit
An anonymous reader writes: Smartflash LLC has won a patent lawsuit against Apple over DRM and technology relating to the storage of downloaded songs, games, and videos on iTunes. Apple must now pay $532.9 million in damages. An Apple spokesperson did not hesitate to imply Smartflash is a patent troll: "Smartflash makes no products, has no employees, creates no jobs, has no U.S. presence, and is exploiting our patent system to seek royalties for technology Apple invented. We refused to pay off this company for the ideas our employees spent years innovating and unfortunately we have been left with no choice but to take this fight up through the court system." The trial happened in the same court that decided Apple owed VirnetX $368 million over FaceTime-related patents back in 2012. -
US State Department Can't Get Rid of Email Hackers
An anonymous reader sends this quote from a Wall Street Journal report: Three months after the State Department confirmed hackers breached its unclassified email system, the government still hasn't been able to evict them from the network, say three people familiar with the investigation. Government officials, assisted by outside contractors and the National Security Agency, have repeatedly scanned the network and taken some systems offline. But investigators still see signs of the hackers on State Department computers, the people familiar with the matter said. Each time investigators find a hacker tool and block it, these people said, the intruders tweak it slightly to attempt to sneak past defenses. It isn't clear how much data the hackers have taken, the people said. They reaffirmed what the State Department said in November: that the hackers appear to have access only to unclassified email. Still, unclassified material can contain sensitive intelligence. -
Japan Now Has More Car Charging Points Than Gas Stations
An anonymous reader writes: One of the biggest impediments to getting more electric cars on the road is the lack of charging infrastructure. When there's a gas station every other mile and you have to struggle to find a charging station, it's difficult to make a case for convenience and reliability. But this is changing, particularly in smaller, more technologically advanced countries like Japan. Nissan found that there are now about 40,000 charging points in Japan, compared to about 34,000 gas stations. Granted, not all of those charging spots are available to the public — some are in people's homes. But it shows the infrastructure is making real gains. Also, the article suggests an Airbnb-like system may crop up for people to utilize each other's charging stations. It adds, "As charging stations become more common, electric-car support services are also emerging. Open Charge Map, for example, operates an online listing of public charging points worldwide. A mobile app combines the data with GPS technology to guide drivers to the nearest site." -
Apple Invests $848 Million Into Solar Farm
An anonymous reader writes: Apple is making a huge investment in solar energy, sending $848 million to First Solar's California Flats Solar Project. The deal will supply Apple with energy for 25 years. Construction of the new 2,900-acre solar farm will start this summer and finish by the end of 2016. Apple's share of the energy produced will be about 130 megawatts, while another 150 MW will be sold to Pacific Gas & Electric. "The iPhone maker already powers all of its data centers with renewable energy. Tim Cook, Apple's chief executive officer, has advocated taking more steps to combat climate change." -
Netflix Now Available In Cuba
aBaldrich writes Streaming video service Netflix will be available to Cuban customers starting today, at the $7.99 U.S. per month rate that it offers in the U.S., the company announced today. It'll still require an international payment method for now, as well as Internet access (which still isn't ubiquitous in [Cuba]), but it's an early start that Netflix says it wanted to offer in order to have it available as Cuban Internet access expands, and debit and credit cards become more available to Cuban citizens. Until now, Cubans have had little access to this kind of American entertainment. The U.S. government maintains a floating balloon tethered to an island in the Florida Keys that broadcasts the pro-democracy TV Marti network. The Cuban government constantly jams the signal. "Cuba has great filmmakers and a robust arts culture, and one day we hope to be able to bring their work to our global audience," Reed Hastings, the company's co-founder and chief executive officer, said in the statement. -
The Prickly Partnership Between Uber and Google
HughPickens.com writes Google, with billions of dollars in the bank and house-by-house maps of most of the planet, seemed like the perfect partner for Uber, the hugely popular ride-hailing service. But Mike Isaac writes in the NYT that just two years after Google's venture capital arm poured more than $250 million into Uber there are signs that the companies are more likely to be ferocious competitors than allies. Uber recently announced plans to develop self-driving cars, a longtime pet project at Google. Travis Kalanick, Uber's CEO, has publicly discussed what he sees as the inevitability of autonomous taxis, saying they could offer cheaper rides and a true alternative to vehicle ownership. "The Uber experience is expensive because it's not just the car but the other dude in the car," Kalanick said at a technology conference in 2014, referring to the expense of paying human drivers. "When there's no other dude in the car, the cost [of taking an Uber] gets cheaper than owning a vehicle." Uber is also adding engineers who are experts on mapping technology. And the company, based in San Francisco, has been in talks with Google's advertising archrival, Facebook, to find ways to work together.
Not to be outdone, Google has been experimenting with a ride-sharing app similar to Uber's and both companies have long toyed with the idea of offering same-day delivery of items like groceries and other staples. Last month Google announced it would start presenting data from third party applications inside Google Now, a service that displays useful information prominently on the screen of Android smartphones. Google said it had struck deals to draw data from such apps as Pandora, AirBnb, Zillow, and the ride-sharing service Lyft. The company most obviously missing from that list? Google's old and possibly former friend, Uber. According to Isaac, for young companies, even one as well funded as Uber, dancing with giants is a part of doing business — even if there is always a risk of getting squashed. "There are some hard lessons about the dangers of cooperation that are strongly in the memories of these companies," says John Morgan. "Something that makes partnering harder, even when it might make economic sense to do so." -
Staples To Buy Office Depot For $6.3 Billion
An anonymous reader writes: Today Staples announced plans to buy Office Depot in a deal worth $6.3 billion. This is a huge consolidation within the office supply industry. Office Depot and OfficeMax were the second- and third-biggest suppliers when they merged in 2013. Adding those to the enormity of Staples would effectively bring the U.S. under a single office supply chain. "The move is expected to draw scrutiny from the Federal Trade Commission, though regulators have been increasingly willing to approve retail mergers in light of burgeoning e-commerce competition. ... This isn't the first time Staples has tried to buy Office Depot. In 1997, the FTC derailed Staples' acquisition of its rival as anticompetitive. By 2013, though, the agency's view had shifted. When the FTC allowed Office Depot to buy OfficeMax, it said the advent of online retailing ensured competition in the market for office supplies. Consumers today also rely more heavily on big-box chains such as Wal-Mart Stores Inc. for office products, the commission said." -
Alibaba Tests Drone Delivery Service In China
An anonymous reader writes: Following the lead of online retail giant Amazon, Chinese e-commerce group Alibaba has today tested its first drone delivery service. Asia's largest e-retailer promises to deliver ginger tea within an hour to customers across its flagship consumer-to-consumer marketplace Taobao, which holds an estimated 90 per cent market share in the country. The remote-controlled black and silver drones are helicopter-like in design and carry a white box containing the product. For now the service is limited to a three-day test in three of China's largest mega-cities, Beijing, Shanghai, and Guangzhou, and confined to just one tea brand from one merchant. The trial will be applied up to a limit of 450 tea deliveries. -
Google To Compete With Uber, Uber To Explore Autonomous Transportation
An anonymous reader writes: Bloomberg breaks news that Uber has a major new competitor in ridesharing: Google. According to the report, Google has informed Uber's board of directors of this development, and shown them screenshots of a ride-sharing app currently being tested by employees. Why did Google share this information with Uber? Because they've heavily invested in Uber, and Google's David Drummond, chief legal officer and senior VP of corporate development, is on Uber's board. Of course, a Google ride-sharing service would fit perfectly with their project to build and develop autonomous vehicles. This could be very bad news for Uber (not to mention other ride-sharing services) because they rely heavily on Google's mapping data. That is, unless Uber beats them to it. Uber today announced a partnership with Carnegie Mellon University to develop, among other things, "autonomy technology." A source told TechCrunch that Uber went on a hiring spree and "cleaned out" the National Robotics Engineering Center, a research organization affiliated with CMU. -
RadioShack Near Deal To Sell Half of Its Stores, Close the Rest
mrspoonsi sends a Bloomberg report about a possible endgame for RadioShack. The company will reportedly sell half its store leases to Sprint, and the remaining stores will simply close. Negotiations are still underway, and the deal could fall through — but as it stands, the stores still open will likely change to Sprint's branding. Sprint and RadioShack also have discussed co-branding the stores, two of the people said. It’s also possible that another bidder could emerge that would buy RadioShack and keep it operating, the people said. The Chinese backers who took the Brookstone chain out of bankruptcy, Sanpower Group, also have been in discussions about bidding for RadioShack assets, one person familiar with the talks said. ... The discussions represent the endgame for a chain that traces its roots to 1921, when it began as a mail-order retailer for amateur ham-radio operators and maritime communications officers. It expanded into a wider range of electronics over the decades, and by the 1980s was seen as a destination for personal computers, gadgets and components that were hard to find elsewhere. -
Microsoft To Invest In Rogue Android Startup Cyanogen
An anonymous reader writes The Wall Street Journal reports that Microsoft plans to be a minority investor in a roughly $70 million round of equity financing for mobile startup Cyanogen Inc. Neither company is commenting on the plan but last week during a talk in San Francisco, Cyanogen's CEO said the company's goal was to "take Android away from Google." According to Bloomberg: "The talks illustrate how Microsoft is trying to get its applications and services on rival operating systems, which has been a tenet of Chief Executive Officer Satya Nadella. Microsoft has in the past complained that Google Inc., which manages Android, has blocked its programs from the operating system." -
Why ATM Bombs May Be Coming Soon To the United States
HughPickens.com writes Nick Summers has an interesting article at Bloomberg about the epidemic of 90 ATM bombings that has hit Britain since 2013. ATM machines are vulnerable because the strongbox inside an ATM has two essential holes: a small slot in front that spits out bills to customers and a big door in back through which employees load reams of cash in large cassettes. "Criminals have learned to see this simple enclosure as a physics problem," writes Summers. "Gas is pumped in, and when it's detonated, the weakest part—the large hinged door—is forced open. After an ATM blast, thieves force their way into the bank itself, where the now gaping rear of the cash machine is either exposed in the lobby or inside a trivially secured room. Set off with skill, the shock wave leaves the money neatly stacked, sometimes with a whiff of the distinctive acetylene odor of garlic." The rise in gas attacks has created a market opportunity for the companies that construct ATM components. Several manufacturers now make various anti-gas-attack modules: Some absorb shock waves, some detect gas and render it harmless, and some emit sound, fog, or dye to discourage thieves in the act.
As far as anyone knows, there has never been a gas attack on an American ATM. The leading theory points to the country's primitive ATM cards. Along with Mongolia, Papua New Guinea, and not many other countries, the U.S. doesn't require its plastic to contain an encryption chip, so stealing cards remains an effective, nonviolent way to get at the cash in an ATM. Encryption chip requirements are coming to the U.S. later this year, though. And given the gas raid's many advantages, it may be only a matter of time until the back of an American ATM comes rocketing off. -
Paris Terror Spurs Plan For Military Zones Around Nuclear Plants
mdsolar sends this report from Bloomberg: Lawmakers in France want to create military zones around its 58 atomic reactors to boost security after this month's Paris terror attacks and almost two dozen mystery drone flights over nuclear plants that have baffled authorities.
"There's a legal void that needs to be plugged," said Claude de Ganay, the opposition member of the National Assembly spearheading legislation to be considered by parliament on Feb. 5. The proposals would classify atomic energy sites as "highly sensitive military zones" under the control of the Ministry of Defense, according to an outline provided by de Ganay. -
FBI: North Korean Hackers "Got Sloppy", Leaked IP Addresses
An anonymous reader writes "The FBI launched a PR counterattack against skeptics of the assertion by the US government that North Korean hackers were responsible for anonymous threats received by Sony before its scheduled premiere of the film The Interview. Sony initially cancelled the Christmas day release, but later relented after receiving extensive criticism. In a speech at a New York City cybersecurity conference hosted by Fordham University, FBI Director James Comey said that while the attackers concealed their identify by using proxy servers, on occasion they "got sloppy" and made direct connections, exposing their true IP addresses; these indicated a North Korea origin. Comey also mentioned additional corroborative evidence, including patterns matching those seen in previous attacks known to have come from North Korea, but was guarded on details. Also at the Fordham conference, US Director of National Intelligence James Clapper mentioned recently meeting the Kim Yong Chol, the North Korean general in charge of cyberwarfare. Clapper emphasized Kim's belligerence and lack of a sense of humor, implying that an advance screening of "The Interview" would likely have enraged and provoked the North Korean brass." -
NSA Reveals More Than a Decade of Improper Surveillance
An anonymous reader writes: On Christmas Eve, the NSA quietly dropped 12 years worth of internal reports on surveillance that may have broken laws, including reports that were illegally withheld and the subject of a FOIA lawsuit in 2009. "The heavily-redacted reports include examples of data on Americans being e-mailed to unauthorized recipients, stored in unsecured computers and retained after it was supposed to be destroyed, according to the documents. ... In a 2012 case, for example, an NSA analyst 'searched her spouse’s personal telephone directory without his knowledge to obtain names and telephone numbers for targeting,' according to one report (PDF). The analyst 'has been advised to cease her activities,' it said. Other unauthorized cases were a matter of human error, not intentional misconduct. Last year, an analyst 'mistakenly requested' surveillance 'of his own personal identifier instead of the selector associated with a foreign intelligence target,' according to another report." Here's there list of reports going back to 2001. -
The Slow Death of Voice Mail
HughPickens.com writes: Duane D. Stanford reports at Bloomberg that Coca-Cola's Atlanta Headquarters is the latest big company to ditch its old-style voice mail, which requires users to push buttons to scroll through messages and listen to them one at a time. The change went into effect this month, and a standard outgoing message now throws up an electronic stiff arm, telling callers to try later or use "an alternative method" to contact the person. Techies have predicted the death of voice mail for years as smartphones co-opt much of the office work once performed by telephones and desktop computers. Younger employees who came of age texting while largely ignoring voice mail are bringing that habit into the workforce. "People north of 40 are schizophrenic about voice mail," says Michael Schrage. "People under 35 scarcely ever use it." Companies are increasingly combining telephone, e-mail, text and video systems into unified Internet-based systems that eliminate overlap. "Many people in many corporations simply don't have the time or desire to spend 25 minutes plowing through a stack of 15 to 25 voice mails at the end or beginning of the day," says Schrage.
In 2012, Vonage reported its year-over-year voicemail volumes dropped 8%. More revealing, the number of people bothering to retrieve those messages plummeted 14%. More and more personal and corporate voicemail boxes now warn callers that their messages are rarely retrieved and that they're better off sending emails or texts. "The truly productive have effectively abandoned voicemail, preferring to visually track who's called them on their mobiles," concludes Schrage. "A communications medium that was once essential has become as clunky and irrelevant as Microsoft DOS and carbon paper." -
Uber Pushing For Patent On Surge Pricing
mpicpp sends news that Uber is renewing its push for a patent on "surge pricing," the practice of increasing rider fees when many people are trying to find transportation. The system measures supply (Uber drivers) and demand (passengers hailing rides with smartphones), and prices fares accordingly. It’s one of at least 13 U.S. patent applications filed by Uber or its founders to give it an edge over potential rivals ahead of a potential initial public offering. So far, Uber hasn’t had any luck. Ten applications were initially rejected by the U.S. Patent and Trademark Office for “obviousness” or for covering something not eligible for protection. -
How Venture Capitalist Peter Thiel Plans To Live 120 Years
HughPickens.com writes Bloomberg News reports that venture capitalist and paypal co-founder Peter Thiel has a plan to reach 120 years of age. His secret — taking human growth hormone (HGH) every day, a special Paleo diet, and a cure for cancer within ten years. "[HGH] helps maintain muscle mass, so you're much less likely to get bone injuries, arthritis," says Thiel. "There's always a worry that it increases your cancer risk but — I'm hopeful that we'll get cancer cured in the next decade." Human growth hormone also known as somatotropin or somatropin, is a peptide hormone that stimulates growth, cell reproduction and regeneration in humans and other animals. Thiel says he also follows a Paleo diet, doesn't eat sugar, drinks red wine and runs regularly. The Paleolithic diet, also popularly referred to as the caveman diet, Stone Age diet and hunter-gatherer diet, is a modern nutritional diet designed to emulate, insofar as possible using modern foods, the diet of wild plants and animals eaten by humans during the Paleolithic era. Thiel's Founders Fund is also investing in a number of biotechnology companies to extend human lifespans, including Stem CentRx Inc., which uses stem cell technology for cancer therapy. With the 70 plus years remaining him and inspired by "Atlas Shrugged," Thiel also plans to launch a floating sovereign nation in international waters, freeing him and like-minded thinkers to live by libertarian ideals with no welfare, looser building codes, no minimum wage, and few restrictions on weapons.