Slashdot Mirror

An anonymous reader writes "Just as Carl Icahn's months-long, high-profile bid for control of Dell seemed to have run its course, came the announcement that Dell's board had postponed a shareholder's vote on the bid from Michael Dell and investment firm Silver Lake Partners, to take private the company that Dell had started in a University of Texas dorm room twenty nine years ago. The postponement indicated that Dell was not confident that their $24.4 billion ($13.65 per share) deal had the necessary votes. Icahn and his main ally, Southeastern Asset Management, claim that the proposed deal undervalues the company and its upside potential; Icahn's latest proposal is to keep the company public, but to offer $14 per share plus upside warrants, for every share tendered by stockholders. The latest wrinkle is apparent tension within the Dell/Silver Lake team; Silver Lake reportedly feels entitled to the $450 million buyout fee specified in the deal's language, if any alternative bid from Icahn succeeds within a year; Dell and the board feel that Silver Lake would only be entitled to expenses in that case, perhaps amounting to a few tens of millions USD. The Bloomberg story also reports that Michael Dell has at times been unable to reach his Silver Lake counterpart (a longtime friend) on the phone to discuss possibly sweetening the bid."

HighOrbit writes "Engadget reports that the consortium behind Hulu have issued a press release and have taken Hulu off the market. The current owners will maintain their joint ownership of the video streaming service. Hulu is currently a joint project of Fox, Disney (ABC), and Comcast (NBC-Universal). Instead of selling off Hulu, the consortium will inject $750 Million to grow the streaming service. Slashdot previously reported possible buyers rumored to be Yahoo, DirecTV, Time Warner Cable, and Chernin Group/AT&T. Additionally Bloomberg reports that Time Warner Cable is still interested and seeks to join the current consortium by acquiring a 25% stake."

theodp writes "If you hoped your employer would finally provide health insurance in 2014, take two aspirin and call your doctor in the morning — the morning of January 1st, 2015. The Obama administration will delay a crucial provision of its signature health-care law until 2015, giving businesses an extra year to comply with a requirement that they provide their workers with insurance. The government will postpone enforcement of the so-called employer mandate until 2015, after the congressional elections, the administration said Tuesday. Under the provision, companies with 50 or more workers face a fine of as much as $3,000 per employee if they don't offer affordable insurance."

An anonymous reader writes "Apple has filed a trademark application for 'iwatch' in Japan. 'The maker of iPhones is seeking protection for the name which is categorized as being for products including a handheld computer or watch device, according to a June 3 filing with the Japan Patent Office that was made public last week. Takashi Takebayashi, a Tokyo-based spokesman for Apple, didn’t respond to a message left at his office seeking comment on the application.' Rumors suggest that the new iWatch is expected to sport a 1.5-inch OLED screen."

An anonymous reader writes "China's state-run media is calling on the country's wireless carriers to move away from Cisco products. According to reports, using Cisco products allows the U.S. to 'attack China almost at will,' and forms a 'terrible security threat.' Chinese officials are urging the companies' wireless carriers to switch to hardware made by Huawei and ZTE Corp. Citing cybersecurity concerns, the United States has banned the use of equipment from both Huawei and ZTE in its cellular networks. Cisco has not yet been named in documents describing the NSA's global wiretapping operations. Apple, a company named in leaked documents, has slashed iPhone production for the second half of this year on falling overseas sales."

recoiledsnake writes "Following up on our previous discussion of Microsoft selling discounted SurfaceRT tablets to schools (which fueled speculation about the future of Surface RT), Bloomberg is now reporting that Microsoft is fast at work on the next Surface RT which will replace the current Tegra 3 with a Qualcomm Snapdragon 800 chip which has stellar benchmarks against the likes of the upcoming Tegra 4, Apple A6X, and Exynos processors, especially in the GPU and graphics department. Since the SoC comes with 3g/LTE, this might be the first Surface to support integrated cellular data. There are also indications that there could be an 8" version, and that the new versions might be revealed alongside the Windows 8.1 preview bits at the upcoming BUILD conference, starting on June 26."

cold fjord writes "There are new developments in the ongoing controversy engulfing the NSA as a result of the Snowden leaks. From The Hill: 'Emerging from a hearing with NSA Director Gen. Keith Alexander, Reps. Mike Rogers (R-Mich.), chairman of the Intelligence Committee, and Dutch Ruppersberger (Md.), the senior Democrat on the panel, said Edward Snowden simply wasn't in the position to access the content of the communications gathered under National Security Agency programs, as he's claimed. "He was lying," Rogers said. "He clearly has over-inflated his position, he has over-inflated his access and he's even over-inflated what the actual technology of the programs would allow one to do. It's impossible for him to do what he was saying he could do." ... "He's done tremendous damage to the country where he was born and raised and educated," Ruppersberger said. ... "It was clear that he attempted to go places that he was not authorized to go, which should raise questions for everyone," Rogers added.'" U.S. Attorney General Eric Holder has also told the E.U. justice commissioner that media reports surrounding PRISM are wrong: "The contention it [PRISM] is not subject to any internal or external oversights is simply not correct. It's subject to an extensive oversight regime from executive, legislative and judicial branches and Congress is made aware of these activities. The courts are aware as we need to get a court order. ... We can't target anyone unless appropriate documented foreign intelligence purpose for the prevention of terrorism or hostile cyber activities." Meanwhile, Bloomberg has gone live with a report (based on unidentified sources, so take it with a grain of salt) saying that private sector cooperation with snooping government agencies extends far beyond the ones listed in the PRISM report. "Thousands of technology, finance and manufacturing companies are working closely with U.S. national security agencies, providing sensitive information and in return receiving benefits that include access to classified intelligence, four people familiar with the process said." Whatever PRISM turns out to be, the NY Times is reporting that at least Yahoo, and probably other tech companies as well, tried to fight participation in it. Other reports suggest Twitter refused to participate, though there's been no official confirmation.

ColdWetDog writes "The ongoing story of Myriad Genetics versus the rest of the world has come to an end. In a 9-0 decision, the US Supreme Court has decided that human genes cannot be patented. From a brief Bloomberg article: 'Writing for the court, Justice Clarence Thomas said isolated DNA is a "product of nature and not patent eligible merely because it has been isolated." At the same time, Thomas said synthetic molecules known as complementary DNA, or cDNA, can be patented because they require a significant amount of human manipulation to create.' Seems perfectly sane. Raw genes, the ones you find in nature are, wait for it — natural. Other bits of manipulated DNA / RNA / protein which take skill and time to create are potentially patentable. Oddly, Myriad Genetics stock actually rose on that information." Adds reader the eric conspiracy: "The result for Myriad is that they still have protection for their test, however the decision also allows researchers to work with the DNA sequences that are predecessors to the cDNA used in the test." Here's an AP report on the ruling, as carried by the Washington Post.

schwit1 writes with a followup to a story we discussed in April about how using voice-activated texting while driving was no safer than using your hands. Now, a study by AAA has found that using voice commands to send texts is more dangerous than simply talking on your cellphone. "Texting a friend verbally while behind the wheel caused a 'large' amount of mental distraction compared with 'moderate/significant' for holding a phone conversation or talking with a passenger and 'small' when listening to music or an audio book, the AAA Foundation for Traffic Safety found in a report released today. Automakers have promoted voice-based messaging as a safer alternative to taking hands off the wheel to place a call and talk on a handheld phone. About 9 million infotainment systems will be shipped this year in cars sold worldwide, with that number projected to rise to more than 62 million by 2018, according to a March report by London-based ABI Research. 'As we push towards these hands-free systems, we may be solving one problem while creating another,' said Joel Cooper, a University of Utah assistant research professor who worked on the study. 'Tread lightly. There's a lot of rush to develop these systems.' The findings from the largest U.S. motorist group bolster National Transportation Safety Board Chairman Deborah Hersman's call to ban all phone conversations behind the wheel, even with hands-free devices."

An anonymous reader sends this quote from Bloomberg: "A Chinese national was sentenced to 12 years in a U.S. prison for selling more than $100 million worth of software pirated from American companies, including Agilent Technologies Inc., from his home in China. Li and his wife, of Chengdu, China, were accused of running a website called 'Crack 99' that sold copies of software for which 'access-control mechanisms had been circumvented, the U.S. said in an unsealed 46-count indictment. The pair was charged with distributing more than 500 copyrighted works to more than 300 buyers in the U.S. and overseas from April 2008 to June 2011. The retail value of the products was more than $100 million, the government said. Li is the first Chinese citizen to be 'apprehended and prosecuted in the U.S. for cybercrimes he engaged in entirely from China,' prosecutors said in court filings."

Bent Spoke writes "The U.S. trade agency has banned the import of older Apple iPhone and iPad models due to the violation of a patent held by Samsung (PDF). 'The president can overturn the import ban on public-policy grounds, though that rarely happens. Apple can keep selling the devices during the 60-day review period. ... Apple pledged to appeal the ITC decision. The underlying findings will be reviewed by a U.S. appeals court specializing in patent cases. ... The decision could mean fewer choices for AT&T and T-Mobile customers who want to get an iPhone without paying the higher cost of the iPhone 5. Samsung told the commission that Cupertino, California-based Apple could drop the price of the iPhone 5 if it was worried about losing potential customers. All of the iPhones are made in Asia.' It's getting so complicated we need a scorecard to keep track of who's winning these offensive patent battles in the smartphone coliseum."

retroworks writes "Bloomberg News reporter Adam Minter writes in today's Opinion section that several studies show that there's nothing really remarkable or scandalous about exports of used equipment to developing nations. 'Some is recycled; some is repaired and refurbished for reuse; and some is thrown into landfills or incinerators. Almost none of it, however, is "dumped" overseas.' Minter begins with the most recent study (PDF), released by the U.S. International Trade Commission in March 2013. Several other studies from Peru, Nigeria, Ghana and China show there was never an incentive for overseas buyers to pay money to import junk, and that most of the junk filmed by activists in the dumps in those nations was used for years (Nigeria has had TV since the 1970s). 'A 2011 study by the United Nations Environment Program determined that only 9 percent of the used electronics imported by Nigeria — a country that is regularly depicted as a dumping ground for foreign e-waste — didn't work or were unrepairable, and thus bound for a recycler or a dump. The other 91 percent were reusable and bound for consumers who couldn't afford new products.' The one data source Bloomberg cannot find is a data point for the widely reported 'statistic' that 80-90% of used electronics imported by Africans are burned or dumped. In the comment section, two advocates for legislation banning the exports object to the survey methodology of one of the studies. But the source of the original statistic, reported by Greenpeace and Basel Action Network in their fundraising campaigns, remains a mystery."

puddingebola writes with this excerpt from a Bloomberg report: "The Pentagon cleared Apple Inc. (AAPL) devices for use on its networks, setting the stage for the maker of iPhones and iPads to compete with Samsung Electronics Co. and BlackBerry for military sales. The Defense Department said in a statement [Friday] that it has approved the use of Cupertino, California-based Apple's products running a version of the iOS 6 mobile platform. The decision eventually may spur a three-way fight for a market long dominated by Waterloo, Ontario-based BlackBerry.'" Also, Apple devices are best for uploading viruses to alien craft.

jones_supa writes "Bill Gates is once again the world's richest person. He recaptured the title from Mexican investor Carlos Slim, as Microsoft hit a five-year high. It is the first time Gates has held the mantle since 2007. His fortune is valued at $72.7 billion, up 16 percent year-to-date. At the same time, Mr. Slim's América Móvil, the largest mobile-phone operator in the Americas, has dropped 14 percent this year after Mexico's Congress passed a bill that could quash the billionaire's market dominance. That's helped erase more than $3 billion from the tycoon's net worth. What comes to Bill Gates, most of his fortune is held in Cascade Investment LLC, a holding entity through which he owns stakes in more than a dozen publicly traded companies and several closely held operations. He has donated $28 billion to the Bill & Melinda Gates Foundation."

Newegg's policy of not backing down from patent trolls, even ones as large as Alcatel-Lucent, continues to result in victory. Earlier this year, Overstock and Newegg successfully defended themselves with a jury invalidating Alcatel-Lucent's main patent used to force companies as large as Amazon to settle. Naturally, Alcatel-Lucent appealed, but the appeals court quickly ruled in favor of Newegg and Overstock.com. From Ars: "Federal Circuit judges typically take months, and occasionally years, to review the patent appeals that come before them. Briefs in this case were submitted last year, and oral arguments were held last Friday, May 10. The three-judge panel upheld Newegg's win (PDF), without comment — in just three days. ... Alcatel-Lucent dropped the case over its other two patents, desperate to get back the '131 patent that Newegg and Overstock had killed at trial. 'If they had been able to revive this patent, the litigation machine would have continued on,' Reines told Reuters after the win."

theodp writes "Last summer, unspecified voice problems caused Google CEO Larry Page to miss Google's Annual Shareholder Meeting, the I/O conference, and a quarterly earnings call. Now, Page has come forward and revealed that he suffers from partial paralysis of each of his vocal chords, an 'extremely rare' condition. Not unlike what Sergey Brin and his wife are doing with Parkinson's research, Page and his wife will be funding and overseeing 'a significant research program' led by Dr. Steven Zeitels of Harvard Medical School."

redletterdave writes "A German court rejected eight out of 15 provisions in Apple's general privacy policy and terms of data use on Tuesday, claiming that the practices of the Cupertino, Calif. company deviate too much from German laws (Google translation of German original). According to German law, recognized consumer groups can sue companies over illegal terms and conditions. Apple asks for 'global consent' to use customer data on its website, but German law insists that clients know specific details about what their data will be used for and why."

Nerval's Lobster writes "BlackBerry CEO Thorsten Heins believes that tablets will be dead by 2018. 'In five years I don't think there'll be a reason to have a tablet anymore,' he told an interviewer at the Milken Institute conference in Los Angeles, according to Bloomberg. 'Maybe a big screen in your workplace, but not a tablet as such. Tablets themselves are not a good business model.' That may come as a surprise to Apple, Google, Amazon and Samsung, all of which have built significant tablet businesses over the past few years. Research firm Strategy Analytics suggested in a research note earlier this month that the global tablet market hit 40.6 million units shipped in the first quarter of 2013, a significant rise from the 18.7 million shipped in the same quarter last year. So why would Heins offer such a pessimistic prediction when everyone else — from the research firms to the tablet-makers themselves — seems so full-speed-ahead? It's easy to forget sometimes that BlackBerry has its own tablet in the mix: the PlayBook, which was released to quite a bit of fanfare in early 2011 but failed to earn iPad-caliber sales. Despite that usefulness to developers, however, the PlayBook has become a weak contender in the actual tablet market. If Heins is predicting that market's eventual demise, it could be a coded signal that he intends to pull BlackBerry out of the tablet game, focusing instead on smartphones. It wouldn't be the first radical move the company's made in the past year."

Bloomberg is reporting that Amazon has plans to release its own television set-top box later this year. The device will stream video over the internet from Amazon's video service catalog. From the article: "Amazon Chief Executive Officer Jeff Bezos is pushing the company into a broadening array of hardware, including tablets, electronic readers and a planned smartphone. ... The set-top box is being developed by Amazon’s Lab126 division, based in Cupertino, California -- the city that’s also home to Apple. Lab126 has toyed with building connected television devices for several years, the people familiar with the effort said. ... Plans for pricing couldn't be determined. Amazon’s typical strategy is to sell hardware at competitive prices, sometimes at a loss, with the intent of making up for discounts through sales of content, including books and movies. Amazon could also use the set-top box to promote its online store.

An anonymous reader writes "The Blackstone Group has notified Dell's board that it has ended its bid for the company after performing 'due diligence' on Dell's books. The private equity firm gave two reasons for its withdrawal in a letter to the special committee of the board reviewing privatization offers: the 'unprecedented 14 percent market decline in PC volume in the first quarter of 2013' and 'the rapidly eroding financial profile of Dell.' IBM's recently announced intention of withdrawing from the x86 server market may have also spooked investors. Blackstone was one of two outside bidders that emerged after founder Michael Dell and Silver Lake Partners announced a deal to take the company private for $24.4 billion. The remaining bidders did not comment on Blackstone's withdrawal; however, the Bloomberg piece notes that Dell's original deal with Silver Lake Partners contains language preventing the latter from backing out."

First time accepted submitter HeadOffice writes "Mark Gimein points out that Bitcoing mining uses a lot of power, enough that it is a real world problem: 'About 982 megawatt hours a day, to be exact. That’s enough to power roughly 31,000 US homes, or about half a Large Hadron Collider. If the dreams of Bitcoin proponents are realized, and the currency is adopted for widespread commerce, the power demands of bitcoin mines would rise dramatically. If that makes you think of the vast efforts devoted to the mining of precious metals in the centuries of gold- and silver-based economies, it should. One of the strangest aspects of the Bitcoin frenzy is that the Bitcoin economy replicates some of the most archaic features of the gold standard. Real-world mining of precious metals for currency was a resource-hungry and value-destroying process. Bitcoin mining is too.' However, not everyone is convinced that virtual mining is as bad for the environment as the real thing."

An anonymous reader writes "As Dell's (DELL:NASDAQ GS) board reviews three competing proposals for taking the company private, including a $24.4 billion deal led by founder and CEO Michael Dell and Silver Lake Partners, the company has announced it is entering the suddenly crowded smartwatch sweepstakes along with Apple, Google, and Samsung. The twist is that Dell's product will target the low end of the market — the extreme low end, in the words of CEO Dell, because 'that's where most of the world's customers are'. Dell's smartwatch, projected to cost just 19.99 USD ($319.99 before Dell's mail-in rebate) will allow children in developing countries to communicate via voice and text, collaborate on school activities, and perform native-to-English voice and text translations with the help of Dell's new ARM supercomputer. Dell says premium models will also perform translations in the reverse direction, i.e. English-to-native. Open Source advocate Eric S. Raymond, who joined Dell for the conference call, stated 'this is the beginning of what I call the Bazaar Wrist model of the mobile Internet. It'll be a battle of ideas against what I call the Office Tower Wrist model that Apple and Google will be selling.' Billionaire investor Carl Icahn, who recently launched a rival bid for Dell, labeled the product an 'a pig in the poke' as well as a 'distraction and extreme waste of shareholder value', adding that his $7.44 Wal-Mart watch 'works just great for me and probably anyone else'."

sl4shd0rk writes "Hispalinux, which represents Spanish Open Source developers and users, has filed a complaint against Microsoft with the European Commission. 14 pages of grief cited Windows 8 as an 'obstruction mechanism' calling UEFI Secure Boot a 'de facto technological jail for computer booting systems... making Microsoft's Windows platform less neutral than ever.' On March 6 of 2012 the Commission fined Microsoft 561 million Euros for failing to offer users a choice of web browser, and there was also a 2004 ruling which found the company had abused its market position by tying Windows Media Player to Windows itself. Relations appear to remain more tense towards Windows in Europe, so there may be some hope of making UEFI more Linux-friendly. UEFI has been implicated in the death of Samsung laptops running Linux."

An anonymous reader writes "Seven weeks ago, Dell announced a definitive agreement to be taken private by a group led by founder and CEO Michael Dell and the private equity firm Silver Lake Partners, assisted by a $2 billion loan from Microsoft and debt financing from a group of big banks. The deal was valued at $24.4 billion ($13.65 per share of Dell common stock), but allowed for a 45-day "go shop" period for alternative bids to be submitted to a special committee of Dell's board. Not all large shareholders were happy with the price, and early this month billionaire investor Carl Icahn threatened to tie up the buyout in court unless a large special dividend was paid to shareholders — without showing interest in buying the company himself. More recently, the private equity firm Blackstone Group jumped into the fray, and by Friday night's deadline both Blackstone and Icahn had submitted bids for Dell exceeding the original $13.65 per share agreement. Blackstone is said to be interested in installing Oracle's Mark Hurd as CEO, replacing Michael Dell. As Hurd was fired as Hewlett Packard's CEO in 2010 for alleged sexual misconduct involving an outside consultant named Jodie Fisher, he might have difficulty landing another CEO job at a publicly traded company; the Dell position could be an intriguing fit for both sides."

crankyspice writes "The federal Ninth Circuit Court of Appeals recently affirmed, in Columbia Pictures Industries v. Fung (docket no. 10-55946), the summary judgment and injunctions against Gary Fung and his IsoHunt (and 3d2k-it) websites, finding liability for secondary copyright infringement for the sites' users' BitTorrent (and eDonkey) file sharing, under the 'inducement' theory (set forth by the Supreme Court in Metro-Goldwyn-Mayer Studios, Inc. v. Grokster Ltd. , 545 U.S. 913 (2005)). The injunctions were left largely intact, with modifications required to make it more clear to the defendants what BitTorrent (etc) related activity they're enjoined from." Bloomberg has a short article on the case, too.

Nate the greatest writes "Bloomberg is reporting early this morning that Liquavista, Samsung's cutting edge electrowetting screen tech research firm, is up for sale. Details are still thin but Bloomberg's unnamed source indicates Amazon is looking to buy Liquavista for somewhere under $100 million. This rumor confirms earlier reports that Amazon had launched a new holding company in the Netherlands and was going to use it to buy Liquavista. There have also been rumors circulating screen tech conferences for the past 5 or 6 months that Samsung was interested in selling the company. No one in the industry really understands why Samsung would want to do that, but I think the latest demo video from Liquavista explains it. This screen tech simply isn't as good as current LCD or OLED screens, and Samsung might be looking to cut their losses."

New submitter evansspann sends word that Samsung will be making a smartwatch. Rumors have been swirling for a few months that Apple is working on a 'watch-like' device, but Samsung's CEO was willing to confirm that his company is working on such a product. "We've been preparing the watch product for so long. We are working very hard to get ready for it. We are preparing products for the future, and the watch is definitely one of them." The companies are now likely racing to be the first to market. Production of such a device will likely be easier for Samsung, since it can produce its own screens and chips. It's also likely to work well with the popular Galaxy Phone lines. However, it will have a tougher time with app distribution than Apple, since it doesn't control Google Play the way Apple controls the App Store. "Apple's critics like to say the company's ideas are obvious, but as some pundits have noted, those very ideas once seemed unimaginable. The smartwatch will be a great test for that theory. It'll be interesting to see if Samsung can strike first in a nascent category and still rival Apple's work."

Nerval's Lobster writes "Apple's long-rumored "iWatch" could earn the company $6 billion a year, if an analyst quoted by Bloomberg proves correct. Citigroup analyst Oliver Chen estimated the global watch industry's annual revenue at $60 billion a year, with gross margins of roughly 60 percent. "This can be a $6 billion opportunity for Apple, with plenty of opportunity for upside if they create something totally new like they did with the iPod," he told the newswire, "something consumers didn't even know they needed." Meanwhile, The Verge reports that Apple has " chosen to rework the full iOS to run on the watch instead of building up the iPod nano's proprietary touch operating system," which has led to battery issues: while Apple would like the device to last "at least 4-5 days" between charges, the current prototypes give somewhat less. While an "Apple TV" long dominated the rumor mill as Apple's next big product, the frequency and detail of "iWatch" rumors over the past few weeks suggests that a timepiece could be the company's next big project."

New submitter charlesj68 writes with news that U.S. District Judge Lucy Koh has cut Apple's $1.05 billion patent infringement award from Samsung down by $450.5 million. She also said Samsung deserves a new trial over claims related to some of its smartphones. "Koh rejected Apple’s request to enhance the jury’s award, saying the amount Samsung owed was heavily disputed and the jury wasn’t bound to accept either side’s damages estimate. 'It is not the proper role of the court to second-guess the jury’s factual determination as to the proper amount of compensation,' Koh said in her ruling. Apple is entitled to additional damages for sales of infringing products that weren’t considered by the jury, Koh ruled, saying she intends to calculate the amount beginning on Aug. 25, the day after the jury reached its verdict. As the case has been appealed, Koh said she would delay considering evidence of actual post-verdict sales and pre-judgment interest until the appeals are completed."

Seeteufel writes "Nadim Kobeissi, security researcher, describes the Do Not Track standard of the W3C as dangerous. 'In fact, Google's search engine, as well as Microsoft's (Bing), both ignore the Do Not Track header even though both companies helped implement this feature into their web browsers. Yahoo Search also ignored Do Not Track requests. Some websites will politely inform you, however, of the fact that your Do Not Track request has been ignored, and explain that this has been done in order to preserve their advertising revenue. But not all websites, by a long shot, do this.' The revelations come as Congress and European legislators consider to tighten privacy standards amid massive advertiser lobbying. 'Do not track' received strong support from the European Commission."

An anonymous reader sends this excerpt from an article at Bloomberg giving an inside look at how the Libor scandal happened: "Every morning, from his desk by the bathroom at the far end of Royal Bank of Scotland Group Plc’s trading floor overlooking London’s Liverpool Street station, Paul White punched a series of numbers into his computer. White, who had joined RBS in 1984, was one of the employees responsible for the firm’s submissions for the London interbank offered rate, or Libor, the global benchmark for more than $300 trillion of contracts from mortgages and student loans to interest-rate swaps. Behind him sat Neil Danziger, a derivatives trader who had worked at the bank since 2002. On the morning of March 27, 2008, Tan Chi Min, Danziger’s boss in Tokyo, told him to make sure the next day’s submission in yen would increase, Bloomberg Markets magazine will report in its March issue. 'We need to bump it way up high, highest among all if possible,' [Tan wrote]. ... Events like those that took place on RBS’s trading floor ... are at the heart of what is emerging as the biggest and longest-running scandal in banking history. ... For years, traders at Deutsche Bank AG, UBS AG, Barclays, RBS and other banks colluded with colleagues responsible for setting the benchmark and their counterparts at other firms to rig the price of money, according to documents obtained by Bloomberg and interviews with two dozen current and former traders, lawyers and regulators. UBS traders went as far as offering bribes to brokers to persuade others to make favorable submissions on their behalf, regulatory filings show."

Numerous news outlets are reporting the findings of a study from the Research Council of Norway — a government agency — which concludes that (in Bloomberg's version) "After the planet's average surface temperature rose through the 1990s, the increase has almost leveled off at the level of 2000, while ocean water temperature has also stabilized." The New York Times' Dot Earth blog offers some reasons to be skeptical of the findings.

judgecorp writes "China's Lenovo could take over RIM, according to Lenovo chief financial officer Wong Mai Ming, speaking at the World Economic Forum in Davos Switzerland. The Canadian authorities might object, and so might BlackBerry users, after what ultimately happened to the ThinkPad brand under Lenovo's guidance. Canadian Finance Minister Jim Flaherty said, 'It’s something that we would look carefully at. We always look at foreign investment in Canada as a cause for reflection. We have to look at intelligence concerns.'"

judgecorp writes "China's Lenovo could take over RIM, according to Lenovo chief financial officer Wong Mai Ming, speaking at the World Economic Forum in Davos Switzerland. The Canadian authorities might object, and so might BlackBerry users, after what ultimately happened to the ThinkPad brand under Lenovo's guidance. Canadian Finance Minister Jim Flaherty said, 'It’s something that we would look carefully at. We always look at foreign investment in Canada as a cause for reflection. We have to look at intelligence concerns.'"

puddingebola writes "Dell Inc. is reported to be in buyout talks with private equity firms. From the story, 'Dell is discussing going private with at least two firms, said one of the people, who declined to be identified because the talks are private. The discussions are preliminary and could fall apart because the firms may not be able to line up the needed financing or resolve how to exit the investment in the future, the people said.'"

Nerval's Lobster writes "On the heels of rolling out high-speed broadband to Kansas City, Google is bringing more connectivity to another American municipality: New York City's Chelsea neighborhood, which will receive Wi-Fi in outdoor areas courtesy of the search-engine giant. The free Internet zone will encompass an area between 8th Avenue and the West Side Highway on the East-West access, and 19th Street and Gansevoort Street on the North-South. It will cost $115,000 to build and $45,000 a year to maintain, according to Bloomberg, with costs split between Google and a nonprofit neighborhood development group. Internet access will come free of advertising, aside from a provider message from Google, and not require any sort of password. Under mayor Michael Bloomberg, New York City has encouraged the development of a sizable tech sector; in addition to dozens of startups, Google and other behemoths have opened headquarters in Manhattan. In theory, this 'Silicon Alley' will contribute mightily to the city's tax base and diversify the local economy."

An anonymous reader writes "According to data from the American Automobile Association, the average price for a gallon of gas in the U.S. was higher in 2012 than in any year before it. Nationwide, gas averaged $3.60/gallon, up from $3.51/gallon in 2011. 'The states with the most expensive annual averages for 2012 included Hawaii ($4.31), Alaska ($4.09), California ($4.03), New York ($3.90) and Connecticut ($3.90). The states with the least-expensive annual averages included South Carolina ($3.35), Missouri ($3.38), Mississippi ($3.39), Tennessee ($3.40) and Oklahoma ($3.41). The highest daily statewide average of the year was $4.67 in Calif. on Oct. 9, while the lowest daily statewide average was $2.91 a gallon in South Carolina on July 3.' Bloomberg reports that fuel consumption is down 3.6% compared to last year, while U.S. oil production reached almost 7 million barrels a day recently, a level that hasn't been reached since 1993. AAA predicts gas prices will be cheaper in 2013."

alexander_686 writes "Bloomberg is running a series of articles from Susan Crawford about the stagnation of internet access in the U.S., and why consumers in America pay more for slower service. Quoting: 'The two kinds of Internet-access carriers, wired and wireless, have found they can operate without competing with each other. The cable industry and AT&T-Verizon have divided up the world much as Comcast and Time Warner did; only instead of, "You take Philadelphia, I'll take Minneapolis," it's, "You take wired, I'll take wireless." At the end of 2011, the two industries even agreed to market each other’s services.' I am a free market type of guy. I do recognize the abuse that can come from natural monopolies that utilities tend to have, but I have never considered this type of collusion before. To fix the situation, Crawford recommends that the U.S. 'move to a utility model, based on the assumption that all Americans require fiber-optic Internet access at reasonable prices.'"

alexander_686 writes "Bloomberg is running a series of articles from Susan Crawford about the stagnation of internet access in the U.S., and why consumers in America pay more for slower service. Quoting: 'The two kinds of Internet-access carriers, wired and wireless, have found they can operate without competing with each other. The cable industry and AT&T-Verizon have divided up the world much as Comcast and Time Warner did; only instead of, "You take Philadelphia, I'll take Minneapolis," it's, "You take wired, I'll take wireless." At the end of 2011, the two industries even agreed to market each other’s services.' I am a free market type of guy. I do recognize the abuse that can come from natural monopolies that utilities tend to have, but I have never considered this type of collusion before. To fix the situation, Crawford recommends that the U.S. 'move to a utility model, based on the assumption that all Americans require fiber-optic Internet access at reasonable prices.'"

alexander_686 writes "Bloomberg is running a series of articles from Susan Crawford about the stagnation of internet access in the U.S., and why consumers in America pay more for slower service. Quoting: 'The two kinds of Internet-access carriers, wired and wireless, have found they can operate without competing with each other. The cable industry and AT&T-Verizon have divided up the world much as Comcast and Time Warner did; only instead of, "You take Philadelphia, I'll take Minneapolis," it's, "You take wired, I'll take wireless." At the end of 2011, the two industries even agreed to market each other’s services.' I am a free market type of guy. I do recognize the abuse that can come from natural monopolies that utilities tend to have, but I have never considered this type of collusion before. To fix the situation, Crawford recommends that the U.S. 'move to a utility model, based on the assumption that all Americans require fiber-optic Internet access at reasonable prices.'"

An anonymous reader writes "Intellectual Ventures and RPX Rational Patent, two companies frequently referred to as patent trolls, have snapped up the troubled Kodak company's imaging patents. Bloomberg reports that Kodak has agreed to sell the patent portfolio for $525 million, despite previous valuations of over $2 billion." New submitter speedplane adds "How many stories have we read hating on the biggest patent troll of them all? Finally we see Intellectual Ventures making their case in a Wired op-ed, filled with everything you would would expect from a company suing the tech world on thousands of dubious patents: '...the system needs intermediaries within the market — companies like Intellectual Ventures — to help sift through and navigate the published landscape. By developing focused expertise, these patent licensing entities and intermediaries can function as patent aggregators, assembling portfolios of relevant inventions and providing access through licensing.' And my favorite gem: 'Ultimately, the users of those products — you — are the ones who benefit.'"

New submitter drdread66 writes "Cisco seems to be giving up on another technology acquisition. Hot on the heels of a full writedown for shuttering Flip Video, Cisco is now looking at another potentially huge loss from unloading Linksys."

Master Of Ninja writes "After the ongoing row about companies not paying a fair share of tax in the United Kingdom, and with companies such as Starbucks, Amazon and Google being in the headlines, focus has now turned to Microsoft. Whilst the tax arrangements are strictly legal, there has been outrage on how companies are avoiding paying their fair share of tax generated in the country." And over here in the U.S., dstates sent in news of Google getting caught doing something similar: "Bloomberg reports that Google is using Bermuda shell companies to avoid paying billions of dollars in taxes worldwide. By routing payments and recording profits in zero-tax havens, multinational companies have been avoiding double digit corporate taxes in the U.S. and Europe. Congressional hearings were held in July on the destructive consequences of off-shoring profits. Why aren't the U.S. and Europe exerting more diplomatic pressure on these tax havens that are effectively stealing from the U.S. and European treasuries by allowing profits that did not result from activities in Bermuda or the Cayman Islands to be recorded as occurring there?"

TrueSatan writes "Bloomberg reports that Apple and Google have partnered to make a bid of more than $500 million for the Kodak patent portfolio. The bid relates to Kodak's 1,100 imaging patents. 'Kodak obtained commitments for $830 million exit financing last month, contingent on its sale of the digital imaging patents for at least $500 million.' This is likely to be an opening bid, with the final figure being far larger. By comparison, a group including Apple, Microsoft, and RIM bought Nortel's 6000+ patents for $4.5 billion last year. 'Google lost the auction for those patents after making an initial offer of $900 million.'"

alexander_686 writes "The SEC is investigating Netflix CEO Reed Hastings over one of his Facebook postings. The agency is questioning his July 1 Facebook posting, seen by 200,000 followers, in which he said customers watched 'over 1 billion hours' of videos on Netflix in June. He had previously posted on his company blog that members were viewing 'nearly a billion hours per month.' From the article: '“We think the fact of 1 billion hours of viewing in June was not ‘material’ to investors, and we had blogged a few weeks before that we were serving nearly 1 billion hours per month,” Hastings said in the filing today. “We remain optimistic this can be cleared up quickly through the SEC’s review process.”'"

An anonymous reader writes "When Disney films leave the theater and head for TV, they currently go through the Starz channel first. That's going to change in 2016. Disney has signed a deal to give Netflix the first crack at its animated and live-action films. Even if you're not a fan of either company, this is a bit of a big deal; Disney is ditching a traditional pay-TV service in favor of online streaming. (It also includes properties from the recent Lucasfilm deal.) The article wisely points out that pay-TV in general isn't in danger until the live sports situation changes, but this is a big step away from the status quo."

concealment writes "For three years, a group of hackers from China waged a relentless campaign of cyber harassment against Solid Oak Software Inc., Milburn's family-owned, eight-person firm in Santa Barbara, California. The attack began less than two weeks after Milburn publicly accused China of appropriating his company's parental filtering software, CYBERsitter, for a national Internet censoring project. And it ended shortly after he settled a $2.2 billion lawsuit against the Chinese government and a string of computer companies last April."

SternisheFan writes with news of a creepy mannequin that watches you as you shop. From the article: "Benetton Group SpA is among fashion brands deploying mannequins equipped with technology used to identify criminals at airports to watch over shoppers in their stores. Retailers are introducing the EyeSee ... The 4,000-euro ($5,072) device has spurred shops to adjust window displays, store layouts and promotions to keep consumers walking in the door and spending. The EyeSee looks ordinary enough on the outside ... Inside, it's no dummy. A camera embedded in one eye feeds data into facial-recognition software like that used by police. It logs the age, gender, and race of passers-by. Demand for the device shows how retailers are turning to technology to help personalize their offers as growth slows in the $245 billion luxury goods industry. Bain & Co. predicts the luxury market will expand 5 percent in 2012, less than half last year's rate. 'It's a changing landscape but we're always going to be sensitive about respecting the customer's boundaries,' said spokesman Colin Johnson. ... Since the EyeSee doesn't store any images, retailers can use it as long as they have a closed-circuit television license."

concealment sends this quote from Bloomberg: "Apple Inc. is exploring ways to replace Intel processors in its Mac personal computers with a version of the chip technology it uses in the iPhone and iPad, according to people familiar with the company's research. Apple engineers have grown confident that the chip designs used for its mobile devices will one day be powerful enough to run its desktops and laptops, said three people with knowledge of the work, who asked to remain anonymous because the plans are confidential. Apple began using Intel chips for Macs in 2005."

derekmead writes "By law, US companies don't have to say a word about hacker attacks, regardless of how much it might've cost their bottom line. Comment, the group of Chinese hackers suspected in the recent-reported Coke breach, also broke into the computers of the world's largest steel company, ArcelorMittal. ArcelorMittal doesn't know exactly how much was stolen and didn't think it was relevant to share news of the attack with its shareholders. Same goes for Lockheed Martin who fended off a 'significant and tenacious' attack last May but failed to disclose the details to investors and the Securities Exchange Commission. Dupont got hit twice by Chinese hackers in 2009 and 2010 and didn't say a word. Former U.S. counterintelligence chief Joel Brenner recently said that over 2,000 companies, ISPs and research centers had been hit by Chinese hackers in the past decade and few of them told their shareholders about it. This is even after the SEC has made multiple requests for companies to come clean about cyber security breaches in their quarterly or annual earnings reports. Because the potential losses, do hacked companies have a responsibility to report security breaches to investors?"