Domain: bloomberg.com
Stories and comments across the archive that link to bloomberg.com.
Stories · 1,477
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Seafood Raised on Animal Feces Approved for Consumers
If you are a seafood lover and wish that you could eat more fish raised on pig feces, your dreams are coming true. Due to fierce competition in the Chinese tilapia industry, farmers are increasingly switching to feces instead of commercial feed. From the article: "At Chen Qiang’s tilapia farm in Yangjiang city in China’s Guangdong province, which borders Hong Kong, Chen feeds fish partly with feces from hundreds of pigs and geese. That practice is dangerous for American consumers, says Michael Doyle, director of the University of Georgia’s Center for Food Safety. 'The manure the Chinese use to feed fish is frequently contaminated with microbes like salmonella,' says Doyle, who has studied foodborne diseases in China." -
Intel CEO Tells Staff Windows 8 Is Being Released Prematurely
An anonymous reader writes with this excerpt from Geek.com: "Intel CEO Paul Otellini may be getting an angry phone call from Steve Ballmer today after it was revealed he told staff in Taiwan Windows 8 isn't ready for release. Otellini's comments were made at an internal meeting in Taipai, and he must have naively thought they would never become public knowledge. We don't know if he went into detail about what exactly is unfinished about Windows 8, but others have commented about a lack of reliable driver support and supporting applications. For many who have picked up previous versions of the Windows desktop OS early, this probably isn't coming as a surprise." -
Radioactive Tool Goes Missing In Texas
Hugh Pickens writes "Oil-field service companies lower radioactive units into wells to let workers identify places to break apart rock for a drilling process known as hydraulic fracturing, or fracking, which frees oil and natural gas. Now Bloomberg reports that Halliburton workers have discovered that a lock on the container used to transport one such device has gone missing, along with the unit, after employees drove a truck from a site near Peco to a well south of Odessa and while the loss of radioactive rods occurs from time to time, it has been years since a device with americium-241/beryllium, the material in Halliburton's device, was misplaced in Texas. NRC spokeswoman Maureen Conley says the material would have to be in someone's physical possession for several hours for it to be considered harmful as teams comb the route between the two wellsites searching for the seven-inch tube, which is clearly marked with the words 'DANGER RADIOACTIVE' as well as a radiation warning symbol, "Halliburton strongly cautions members of the public that if they locate this source, they should not touch or handle it, stay a minimum of 25 feet away," and contact local law enforcement or the company's emergency hotline if they find the cylinder, says the company which is also offering a reward for information about the tube's whereabouts." -
Chicago Teachers Rip 'Big Money Interest Groups'
theodp writes "The striking Chicago Teachers Union (CTU) is holding a massive 'Wisconsin-style rally' Saturday as ongoing negotiations try to bring an end to the strike that has put education on hold for 350,000 of the city's schoolchildren. 'The 30,000 teachers, school social workers, clerks, vision and hearing testers, school nurses, teaching assistants, counselors, and other school professionals of the Chicago Teachers Union are standing strong to defend public education from test pushers, privatizers, and a national onslaught of big money interest groups trying to push education back to the days before teachers had unions,' explains the CTU web site. 'Around the country and even the world, our fight is recognized as the front line of resistance to the corporate education agenda.' Some are calling the strike — which has by most accounts centered on salary schedules (CPS salary dataset), teacher performance evaluations, grievance procedures, and which teachers get dibs on new jobs — a push-back to education reform that has possible Presidential election implications. The big winners in the school strike, Bloomberg reports, are the city's largely non-union 100+ charter schools, which remained open throughout the strike. Charter school enrollment swelled to 52,000 students this fall as parents worried by strike rumors sought refuge in schools like those run by the Noble Charter Network, which enjoys the deep-pocket support of many wealthy 'investors.'" -
Wozniak On the Samsung Patent Verdict
dgharmon writes "'I hate it,' Wozniak told Bloomberg in Shanghai today, referring to the patent battle. He thinks the ruling will be overruled. Samsung will of course appeal, and this case will go back and forth for months still, but Wozniak just wishes everyone could get along. 'I don’t think the decision of California will hold. And I don’t agree with it — very small things I don’t really call that innovative. I wish everybody would just agree to exchange all the patents and everybody can build the best forms they want to use everybody’s technologies,' he said." -
Apple Loses Bid To Exclude Evidence In Samsung Patent Trial
New submitter Shavano writes with news that Apple's attempt to block Samsung from introducing evidence of a tablet prototype developed in 1994 has been denied by U.S. District Judge Lucy Koh. Part of the reason Apple got a sales ban on Samsung's Galaxy Tab 10.1 earlier this year was that an Appeals Court said Apple's tablet design was significantly different from earlier designs. Now, Judge Koh has decided that the issue needs to be decided by a jury. "Samsung has argued the design was an obvious variation of tablets existing as early as 1994, including one made by Hewlett-Packard Co. The Korean company supported that argument at the trial with videotaped testimony by Roger Fidler, who heads the digital publishing program at the University of Missouri. Fidler said he started working on a tablet design in 1981. Apple sought to exclude the testimony based on the appeals court ruling. In a written declaration, Fidler said 'Apple personnel were exposed to my tablet ideas and prototypes' in the mid- 1990s when the company collaborated with Knight-Ridder Inc.’s information design laboratory in Colorado." -
Google Seeks US Ban On iPhones, iPads, Macs
theodp writes "Following up on an announcement that it would rid itself of 4,000 employees world-wide and renege on a deal with the State of Illinois, Google's Motorola Mobility unit said it has filed a new patent-infringement case against Apple, which seeks a ban on U.S. imports of devices including the iPhone, iPad and Mac computers. 'Apple's unwillingness to work out a license leaves us little choice but to defend ourselves and our engineers' innovations,' Motorola Mobility said in an e-mailed statement." -
Knight Trading Losses Attributed To Old, Dormant Software
New submitter alexander_686 points out a Bloomberg article about the cause of Knight Capital Group's $440 million algorithmic trading disaster from a couple weeks ago. The report says a dormant software system was accidentally activated on August 1, which immediately began increasing stock trade volumes by a factor of 1,000. The Wall Street Journal has further details: "Knight Capital Group Inc.'s accidental trades earlier this month were triggered by a flawed upgrade of trading software that caused an older trading system connected to the computer code to inadvertently go 'live' on the market, according to people familiar with the matter. The errors at Knight on Aug. 1 involved new code the Jersey City, N.J.-based brokerage designed to take advantage of the launch of a New York Stock Exchange trading program, which was introduced that day to attract more retail-trading business to the Big Board, the people say. ... When NYSE Euronext trading floor officials called Knight at about 9:35 a.m. to try to pinpoint the cause of unusual swings in dozens of stocks, just after the Big Board opened for trading, Knight traders and their supervisors had a difficult time detecting where in its systems the problem was located, say people familiar with the morning's events. The NYSE had to call Knight several times before deciding to shut the firm off, the people say." -
IBM Reportedly Eyeing RIM's Enterprise Services Unit
PolygamousRanchKid sends this excerpt from ZDNet: "Research In Motion's enterprise services unit have attracted the interest of IBM, which has made an 'informal approach' on potentially acquiring the division. The division operates a network of secure servers used to support its BlackBerry devices, a source who declined to be named told Bloomberg in a Friday report. However, no party has yet shown interest in buying all of RIM or the division which manufactures its BlackBerry phones, but the Canadian company will wait for the rollout of BlackBerry 10 phones next year before making any decisions on a sale, the person said. During its fourth quarter earnings call in March this year, RIM CEO Thorsten Heins said it plans to refocus on the enterprise business and capitalize on its position in the segment." -
Acer: Microsoft Surface 'Negative For The Whole PC Industry'
Shortly after Microsoft announced its upcoming Surface tablet, there was speculation that it might sour the company's relationships with OEM partners. Statements from an Acer spokesperson indicate that's definitely the case. The spokesperson told Bloomberg, "On one hand Microsoft is our partner, but on the other, Microsoft’s move makes them compete not only with us but all PC makers. We think that Microsoft’s launch of its own-brand products is negative for the whole PC industry." The company is reportedly considering whether or not they want to keep relying on Microsoft's software products. -
Best Buy Founder Makes $8.5 Billion Bid To Take Company Private
zacharye writes "Best Buy founder and the company's largest shareholder Richard Schulze has offered as much as $8.5 billion to take the company private. Schulze had been rumored to be preparing a takeover offer for some time, and he recently assembled a team of executives that will run the company if his buyout offer is approved. His offer amounts to between $24 and $26 per share, a premium of as much as 47% over Best Buy's stock price at Friday's close." -
US Missile Defense Staff Told To Stop Watching Porn
An anonymous reader writes "John James Jr., director of the U.S. Missile Defense Agency, who is responsible for the nation's missile defense system, recently sent out a one-page memo warning employees and contractors to stop using agency computers to visit pornographic Web sites. That's right; apparently they were watching the wrong type of bombshells." -
Facebook Invites Hackers To Attack Its Network
An anonymous reader writes "Nearly a year ago, Facebook introduced its bug bounty program, inviting security researchers to poke around the site, discover vulnerabilities that could compromise the integrity or privacy of Facebook user data, and then responsibly disclose them to the company. Still, when the social network's security team received a tip from a researcher about a vulnerability in the company's own network which would allow attackers to eavesdrop on internal communications, they made an unprecedented choice by broadened the scope of the bug bounty program and inviting researchers to search for other holes in the corporate network. Nobody expects malicious attackers to have a change of heart and hand over information about a vulnerability for a few thousand dollars when they could sell the stole information for much more. It should, therefore, come as no surprise that Ryan McGeehan, the manager of Facebook's security-incident response unit, stated that if there's a million-dollar bug, they will pay it out." -
Cyber Attacks On Activists Traced To Gamma Group's FinFisher Spyware
Sherloqq sends this quote from a Bloomberg report: "FinFisher, a spyware sold by U.K.- based Gamma Group, can secretly take remote control of a computer, copying files, intercepting Skype calls and logging every keystroke. For the past year, human rights advocates and virus hunters have scrutinized FinFisher, seeking to uncover potential abuses. They got a glimpse of its reach when a FinFisher sales pitch to Egyptian state security was uncovered after that country's February 2011 revolution. In December, anti-secrecy website WikiLeaks published Gamma promotional videos showing how police could plant FinFisher on a target's computer. ... Researchers believe they’ve identified copies of FinFisher, based on an examination of malicious software e-mailed to Bahraini activists, they say. ... The findings illustrate how the largely unregulated trade in offensive hacking tools is transforming surveillance, making it more intrusive as it reaches across borders and peers into peoples’ digital devices. From anywhere on the globe, the software can penetrate the most private spaces, turning on computer web cameras and reading documents as they are being typed." -
Viacom and DirecTV Reach New Agreement
An anonymous reader writes "About 10 days after Viacom pulled 26 channels from DirecTV over a contract dispute, the two companies have finally come to an agreement that should have DirecTV fans in need of their MTV rejoicing. While precise details of the newly agreed upon contract weren't made public, Bloomberg is reporting that the new contract is for 7 years with Viacom set to receive more than $600 million a year from DirecTV. That represents a 20% payment increase from the previous contract and is slightly below the 30% increase, or $1 billion, Viacom was initially pushing for." The disturbing part of this dispute, to me, was how Viacom pulled its shows from the internet in addition to DirecTV. Advertising your side of the story is one thing, but going out of your way to directly frustrate viewers who are interested in your shows seems like bad business. -
Facebook Loses Users, Satisfaction Higher at Google+
benfrog writes "Facebook has lost what (by the standards of their userbase) is a modest number of users over the last six months, which is perhaps one of the causes of a fall in their stock price. In the meantime, a study shows that Google+ users are more satisfied with the site than Facebook users, who are (understandably) upset about the number of recent UI changes, the amount of advertising, and other elements, according to a statement accompanying the study. Figures also show dramatic growth in Google+ usage." -
Apple Must Publicly Post That Samsung Did Not Copy iPad
microcars writes "A judge in the U.K. has ordered Apple to post a notice on its website and in British newspapers alerting people to a ruling that Samsung Electronics Co. didn't copy designs for the iPad. This is the same Judge who ruled earlier that Samsung's Galaxy Tab was not as cool as Apple's iPad." -
Apple Must Publicly Post That Samsung Did Not Copy iPad
microcars writes "A judge in the U.K. has ordered Apple to post a notice on its website and in British newspapers alerting people to a ruling that Samsung Electronics Co. didn't copy designs for the iPad. This is the same Judge who ruled earlier that Samsung's Galaxy Tab was not as cool as Apple's iPad." -
UK Judge: Galaxy Tab "Not Cool" Enough To Infringe iPad
zacharye writes "U.K. Judge Colin Birss has ruled that Samsung can continue selling its Galaxy Tab 10.1 in the region because the Android tablet is 'not as cool' as the iPad and therefore is unlikely to be confused with Apple's slate. Samsung's Galaxy line of tablets 'do not have the same understated and extreme simplicity which is possessed by the Apple design,' Judge Birss said. 'They are not as cool.'" -
Amazon Reportedly Plans Smartphone
AlistairCharlton writes "Online retailer Amazon is developing its own smartphone to take on the Apple iPhone and handsets that run the Google Android operating system, according to media reports 'Foxconn International Holdings Ltd. (2038), the Chinese mobile- phone maker, is working with Amazon on the device, said one of the people, who asked not to be identified because the plans are private. Amazon is seeking to complement the smartphone strategy by acquiring patents that cover wireless technology and would help it defend against allegations of infringement, other people with knowledge of the matter said.'" -
HTC Defeats Apple In Slide-To-Unlock Patent Dispute
another random user sends this quote from the BBC: "HTC is claiming victory in a patent dispute with Apple after a ruling by the High Court in London. The judge ruled that HTC had not infringed four technologies that Apple had claimed as its own. He said Apple's slide-to-unlock feature was an 'obvious' development in the light of a similar function on an earlier Swedish handset. Lawyers fighting other lawsuits against Apple are likely to pay close attention to the decision regarding its slide-to-unlock patent." -
Apple Loses Bid For Emergency Ban On HTC Phone Imports
New submitter tukang writes "The US International Trade Commission has rejected an emergency request by Apple to detain some HTC phones (including the One X and EVO 4G) at the border while the agency investigates Apple's claims of patent infringement. In May, HTC's phone shipment was held up at the border and was only allowed to pass after U.S. Customs and Border Protection received assurances that HTC worked around Apple patents, a claim which Apple disputes." -
Microsoft To Buy Yammer?
An anonymous reader writes "Microsoft seems to have a pocketful of billions sitting around. First Skype, now Yammer – an enterprise social network service launched back in September 2008 that looks almost like Facebook minus the title bars. According to Bloomberg, the deal could reach up to a billion dollars. To date, Yammer claims 200,000 companies which include more than 400 of the 500 Fortune companies. One reason for the purchase may stem from their social-like Sharepoint platform which has been a lost cause to solutions by Salesforce.com and Oracle." -
Facebook Launches App Center With Over 600 Apps
Mattygfunk1 writes "Facebook is following the leader and launching its own app store. The move is intended to encourage longer browsing sessions from users and attract attention from software developers, in addition to allowing more personalized advertising. 'Each app will generally allow the user to install it as a Facebook application. However, a "send to mobile" will also appear if the app has a mobile app from either the Apple iOS App Store or else the Google Play store. In either case, the app can be sent to a user's phone and can be installed there.' It's currently only available in the U.S., with more countries to follow in the coming weeks." -
Chinese Censors Accidentally Block Shanghai Index
New submitter Vulcan195 writes "Now this is amusing in so many ways ... Today (June 4, 1989 ... i.e. 6/4/89) is the 23rd anniversary of the Tiananmen Square crackdown. Naturally, the Chinese Censors were working overtime to block anything that made remote or oblique references to that event. Well, sometime during the day the Shanghai Composite Index dropped by 64.89 points; You can guess what happened next." -
Worst Design Ever? Plastic Clamshell Packaging
Hugh Pickens writes "Rebecca Rosen writes that if you've recently opened up — or, more specifically, tried to open up — a CFL light bulb, you can sympathize with the question posted on Quora last year, 'What is the worst piece of design ever done?' The site's users have given resounding support to one answer: plastic clamshell packaging. 'Design should help solve problems' — clamshells are supposed to make it harder to steal small products and easier for employees to arrange on display — but this packaging, says Anita Schillhorn, makes new ones, such as time wasted, frustration, and the little nicks and scrapes people incur as they just try to get their damn lightbulb out. The problem is so pervasive there is even a Wikipedia page devoted to 'wrap rage,' 'the common name for heightened levels of anger and frustration resulting from the inability to open hard-to-remove packaging.' Amazon and Wal-Mart are prodding more manufacturers to change their packaging to cut waste. 'We've gotten e-mails from customers who've purchased scissors in a clamshell, which would require another pair of scissors to open the package,' says Nadia Shouraboura, Amazon's vice president of global fulfillment. Other worthy answers to the Quora question include the interfaces on most microwaves, TV remotes, New York City's parking signs, and pull-handles on push-only doors, but none gained even close to the level of popular repudiation that clamshells received." -
White House Announces Initiative To Fight Botnets
benfrog writes "ISPs and financial-services companies would share data about computers made into botnets under a pilot program announced today by the Obama administration. From the article: 'The voluntary principles announced today include coordinating across sectors and confronting the problem globally. They were developed by the Industry Botnet Group, comprising trade groups including the Business Software Alliance and TechAmerica.' The White House is also backing a bill proposed by Joe Lieberman that would put the Department of Homeland Security in charge of cybersecurity of vital systems such as power grids and transportation networks." -
RIM May Need To Write Off $1 Billion In Inventory
benfrog writes "Blackberry maker Research in Motion may need to write off more than $1 billion in inventory, according to Bloomberg. The potential 'writedown' comes after RIM took a $485 million pretax charge to write down the value of its PlayBook inventory in December. RIM has said it aims to save $1 billion in operating costs this fiscal year by cutting its number of manufacturing sites and is 'reviewing its organizational efficiency' across the company, which may lead to job cuts of 2,000-3,000. Its shares have tumbled 75 percent over the past year and are down 90 percent from their all-time high." -
Free News Unsustainable, Says Warren Buffett
Koreantoast writes "Warren Buffett, whose Berkshire Hathaway recently purchased 63 newspapers and plans to purchase more over the next few years, noted during an interview that the current free content model is unsustainable and will likely continue pushing toward more electronic subscription models. This coincides with moves by other newspaper companies like Gannett and the New York Times, which are also erecting paywall systems. Buffett notes that newspapers focusing on local content will have a unique product, which would succeed even if they lose subscribers, because their services are irreplaceable. Is this the beginning of the end of 'free content' for local news?" -
EU Blocks France's Ban of Monsanto's GM Maize
redletterdave writes with an update to news from a few months ago that France had banned the growing of Monsanto's genetically modified corn. After reviewing the evidence France submitted in support of the ban, the European Food Safety Authority has now rejected it. An official opinion (PDF) stated that they "could not identify any new science-based evidence indicating that maize MON 810 cultivation in the EU poses a significant and imminent risk to the human and animal health or the environment." -
Facebook Privacy Suit Seeks $15 Billion
An anonymous reader writes "The folks at Facebook may be focusing on their IPO today, but a complaint filed in federal court has given them something else to think about. The filing consolidates 21 separate but similar cases and alleges Facebook invaded users privacy by tracking their browsing behavior even after they had logged out of the site. The claim seeks $15 billion in damages. 'If the claimants are successful in their case against Facebook, they could prevent Menlo Park from collecting the huge amount of data it collects about its users to serve ads back to them. Like the previous lawsuits, Facebook is once again being accused of violating the Federal Wiretap Act, which provides statutory damages per user of $100 per day per violation, up to a maximum per user of $10,000. The complaint also asserts claims under the Computer Fraud and Abuse Act, the Stored Communications Act, various California Statutes and California common law.'" -
U.S. Imposes Tariffs On Chinese Solar Cells
New submitter kimtysirt sends this excerpt from a Bloomberg report about U.S. tariffs for Chinese solar panels: "The U.S. yesterday imposed tariffs of as much as 250 percent on Chinese-made solar cells to aid domestic manufacturers beset by foreign competition, though critics said the decision may end up raising prices and hurting the U.S. renewable energy industry. The U.S. Commerce Department ruled that Chinese manufacturers sold cells in the U.S. at prices below the cost of production and announced preliminary antidumping duties ranging from 31 percent to 250 percent, depending on the manufacturer. China criticized the action, saying the U.S. is hurting itself and cooperation between the world’s two largest economies. The decision is meant to provide a boost to the U.S. solar manufacturing industry, where four companies filed for bankruptcy in the past year." -
LightSquared Files For Bankruptcy
fallen1 writes "Wireless broadband company LightSquared has filed for bankruptcy. In filings with U.S. Bankruptcy court, it was revealed that LightSquared had assets and debts of over $1 billion each. The decision followed a year-long fight between LightSqaured and GPS users — including some heavyweights like FedEx and UPS. Apparently Boeing and Alcatel-Lucent are heavily invested, but it would be interesting to see what the old Bell Labs could do with the technology." -
Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO
parallel_prankster writes "Bloomberg reports that Eduardo Saverin, the billionaire co- founder of Facebook, has renounced his U.S. citizenship before an initial public offering that values the social network at as much as $96 billion, a move that may reduce his tax bill. From the article: 'Facebook plans to raise as much as $11.8 billion through the IPO, the biggest in history for an Internet company. Saverin's stake is about 4 percent, according to the website Who Owns Facebook. At the high end of the IPO valuation, that would be worth about $3.84 billion. Saverin, 30, joins a growing number of people giving up U.S. citizenship, a move that can trim their tax liabilities in that country. Saverin won't escape all U.S. taxes. Americans who give up their citizenship owe what is effectively an exit tax on the capital gains from their stock holdings, even if they don't sell the shares, said Reuven S. Avi-Yonah, director of the international tax program at the University of Michigan's law school. For tax purposes, the IRS treats the stock as if it has been sold.'" -
Google Patents Using iPhones To Kill 'Free Bird'
theodp writes "At Chicago's Billy Goat Tavern, construction workers found physical threats an effective way to discourage smart-ass Whitney Young High School students from playing annoying jukebox songs over and over again. But with Google's newly-patented technology for the Collaborative Rejection of Media for Physical Establishments, you no longer need to resort to violence to prevent Elton John Songs from being played on jukeboxes in bars. Its invention, boasts Google, 'enables customers of an establishment to collaboratively reject a media file that is currently playing and/or pending to be played within that establishment by entering data into a personal wireless portable computing device on their person, for example a cellular telephone.' But don't get your hopes up too high, kids. Much like Google's dual-tier stock plan, the patent calls for 'customer status levels including a premium status and a standard status,' so a premium customer will be able to veto attempts by lowly standard customers to kill his requests to play MC Hammer's 'Can't Touch This'. The patent comes from a quirky Outland Research IP portfolio acquired by Google; its inventor is Louis B. Rosenberg, a Stanford PhD and professional film maker." -
Google Facing FTC Fine Over Safari Privacy Breach
suraj.sun writes "Bloomberg is reporting on Google's negotiation with the U.S. Federal Trade Commission over 'how big a fine, which could amount to more than $10 million, it will have to pay for its breach of Apple's Safari browser. The fine would be the first by the FTC for a violation of Internet privacy as the agency steps up enforcement of the Web.' Last year, Google agreed to a settlement in which the FTC would monitor Google's privacy practices for an extended period of time. 'The 20-year settlement bars Google from misrepresenting how it handles user information and requires the company to follow policies that protect consumer data in new products.' This February, Google was found to be bypassing privacy controls in Safari by making the browser think a user was submitting a form, when they actually weren't. '(The code used by Google was part of its program to place the "+1" button in advertisements.) At the time, the company issued a statement saying that the circumvention wasn't intentional, but privacy groups were still quick to file complaints with the FTC over Google's actions. That was quickly followed by a class-action lawsuit and an investigation by European regulators.'" -
Motorola Scores Patent Wins Over Microsoft, Apple
tlhIngan writes "This week is Motorola's lucky week; they've won twice in two separate patent suits. First, an ITC judge has ruled that Microsoft's Xbox 360 has violated 4 of 5 patents related to h.264. This is just a preliminary ruling (PDF) and both Microsoft and Motorola will face an ITC panel later this year. In the other case, the ITC judge has ruled Apple violates a 3G patent, one that a German court ruled that Apple didn't violate earlier this year. " -
Motorola Scores Patent Wins Over Microsoft, Apple
tlhIngan writes "This week is Motorola's lucky week; they've won twice in two separate patent suits. First, an ITC judge has ruled that Microsoft's Xbox 360 has violated 4 of 5 patents related to h.264. This is just a preliminary ruling (PDF) and both Microsoft and Motorola will face an ITC panel later this year. In the other case, the ITC judge has ruled Apple violates a 3G patent, one that a German court ruled that Apple didn't violate earlier this year. " -
Software Engineering Is a Dead-End Career, Says Bloomberg
An anonymous reader sends this quote from an opinion piece at Bloomberg: "Many programmers find that their employability starts to decline at about age 35. Employers dismiss them as either lacking in up-to-date technical skills — such as the latest programming-language fad — or 'not suitable for entry level.' In other words, either underqualified or overqualified. That doesn’t leave much, does it? Statistics show that most software developers are out of the field by age 40. Employers have admitted this in unguarded moments. Craig Barrett, a former chief executive officer of Intel Corp., famously remarked that 'the half-life of an engineer, software or hardware, is only a few years,' while Mark Zuckerberg of Facebook has blurted out that young programmers are superior." -
IBM Sells Point-Of-Sale Business To Toshiba
ErichTheRed writes "Yet another move by IBM out of end-user hardware, Toshiba will be buying IBM's retail point-of-sale systems business for $850M. Is it really a good idea for a company defined by good (and in this case, high-margin) hardware to sell it off in favor of nebulous consulting stuff? 'Like IBM's spin-offs of its PC, high-end printer, and disk drive manufacturing businesses to Lenovo, Ricoh, and Hitachi respectively in the past decade, IBM is not just selling off the RSS division but creating a holding company where it will have a stake initially but which it will eventually sell.' Is there really no money in hardware anymore? " -
Oracle and Google To Finally Enter Courtroom
Fluffeh writes "After around 900 motions and filings, not to mention a timeline of two years, Google and Oracle are finally putting their case before a jury which will be selected on Monday. While Oracle originally sued for billions, the possible damages have come down to a more reasonable $30-something million (the details vary depending on if you ask Google or Oracle). However, the sides are still far apart. Oracle's proposal was a minimum, not a maximum, and Oracle has asked for a tripling of damages because of the 'willful and deliberate nature of Google's infringement.' For ongoing royalties from future sales, Google has proposed payment of just over one-half of one percent of revenue if patent infringement is proven, but Oracle wants more. Beyond financial damages, Oracle has asked for a permanent order preventing Google from continuing to infringe the patents and copyrights. The case is planned to start on Monday afternoon, after jury selection or Tuesday at the latest." -
DoJ Files Suit Against Apple, Ebook Publishers
forkfail writes "The Department of Justice has filed suit against Apple and a number of book publishers, including Hachette SA, HarperCollins, Macmillan, Penguin and Simon & Schuster, claiming that they worked in collusion to artificially rig prices on eBooks." -
FBI Says American Universities Infiltrated by Spies
An anonymous reader writes, using various bits of the article: "While most international students, researchers and professors come to the U.S. for legitimate reasons, universities are an 'ideal place' for foreign intelligence services 'to find recruits, propose and nurture ideas, learn and even steal research data, or place trainees,' according to a 2011 FBI report. Tretyakov was quoted as saying, 'We often targeted academics because their job was to share knowledge and information by teaching it to others, and this made them less guarded than, say, UN diplomats.' China has 'lots of students who either are forced to or volunteer to collect information,' he said. 'I've heard it said, "If it wanted to steal a beach, Russia would send a forklift. China would send a thousand people who would pick up a grain of sand at a time."' China also has more than 3,000 front companies in the U.S. 'for the sole purpose of acquiring our technology,' said former CIA officer S. Eugene Poteat." -
Hoover Dams For Lilliput: Does Small Hydroelectric Power Have a Future?
New submitter MatthewVD writes "Boing Boing's Maggie Koerth-Baker, author of Before The Lights Go Out, writes that the era of giant hydroelectric projects like the Hoover Dam has passed. But the Department of Energy has identified 5,400 potential sites for small hydro projects of 30 MWs or less. The sites, in states as dry as Kansas, represent a total 18,000 MW of power — enough to increase by 50 percent America's hydro power. Even New York City's East River has pilot projects to produce power from underwater turbines. As we stare down global warming and peak oil, could small hydroelectric power be a key solution?" -
Facebook Buys 750 IBM Patents
eldavojohn writes "Considering IBM's portfolio gained 6,180 last year alone, it's not a huge number. But after a dispute with Yahoo a couple weeks ago, Facebook has purchased 750 patents from IBM. That's over thirteen times the 56 they were reportedly holding. The humorous rumor is that Yahoo might have been licensing these patents from IBM. If you can't beat 'em, buy the patents they're licensing from another company. Another rumor is that Facebook might be just getting started in their bid to expand their patent portfolio (video). No word yet whether the purchased patents directly pertain to Yahoo's infringement claims on messaging, privacy controls, advertising, customization and social networking." -
AT&T Charged US Taxpayers $16 Million For Nigerian Fraud Calls
McGruber writes "Bloomberg News is reporting that AT&T got more than $16 million from the U.S. government to run Telecommunications Relay Services, intended to help the hearing- and speech-impaired. However, as many as '95 percent of the calls in AT&T's hearing- impaired program were made by people outside the U.S. attempting to defraud merchants through the use of stolen credit cards, counterfeit checks and money orders.' According to the DoJ, 'AT&T in 2004, after getting complaints from merchants, determined the Internet Protocol addresses of 10 of the top 12 users of the service were abroad, primarily in Lagos, Nigeria.' The DOJ intervened in the whistle-blower lawsuit Lyttle v. AT&T Communications of Pennsylvania, 10-01376, U.S. District Court, Western District of Pennsylvania (Pittsburgh). The DOJ is seeking triple damages from AT&T." -
Xbox 720 a No-show At This Year's E3
itwbennett writes "Microsoft dropped a bomb yesterday: they won't be showing new hardware this year or 'anytime soon.' Microsoft told Kotaku that '2012 is all about Xbox 360.' Meanwhile, Bloomberg's mysterious sources are saying that Microsoft 'may show the successor to its Xbox 360 in June 2013 at the E3 conference and put it on sale that same year.' This would 'be a fast journey from announcement to launch,' says Peter Smith, 'but it'd mean we'd still get a new Xbox for holiday 2013, which is about the earliest anyone has expected it to arrive anyway.'" -
Apple Seeks Court Permission To Sue Kodak For Patent Infringement
First time accepted submitter yankexpat writes "The patent battles in the mobile communications space have taken another turn, as Apple has asked a court for permission to sue the bankrupt Kodak for patent infringement. From the article: 'Apple Inc. asked a bankruptcy judge for permission to sue Eastman Kodak Co. over allegations it’s infringing patents that Apple says cover technologies used in printers, digital cameras and digital picture frames. Apple said in a filing yesterday in U.S. Bankruptcy Court in New York that it intends to file a complaint against Kodak at the International Trade Commission and a corresponding suit in U.S. District Court in Manhattan based on patent-infringement claims. The suit will seek an order blocking Kodak’s infringement, according to the filing.'" -
FBI File Notes Steve Jobs' Reality Distortion Field
Hugh Pickens writes "Bloomberg reports that the FBI has released a decades-old file it kept on Steve Jobs, the deceased Apple co-founder, after a background check for a possible appointment by former President George H. W. Bush conducting interviews with unnamed associates of Jobs to judge his character, drug use and potential prejudices. 'Several individuals questioned Mr. Jobs' honesty stating that Mr. Jobs will twist the truth and distort reality in order to achieve his goals,' according to the materials. Several people commented 'concerning past drug use on the part of Mr. Jobs,' according to the file including marijuana, hashish and LSD during the period 1970 – 1974. The file also noted that Jobs was not a member of the communist party." -
India Turns Down American Fighter Jets, Buys From France
An anonymous reader writes "While America had offered the F-16, F-18 and now the stealth F-35 fighter, India picked for its new multi-role attack jet a low cost, older French plane. Why? For one, it's cheaper, and two, if American/Indian relations go bad, can they get the parts and equipment to keep the planes in the air? It seems prudence beat out the latest in technology."