Posts Tagged ‘read-the-rest’

HP Affirms Higher-End Layoffs Figure

December 31, 2013  |  All Things Digital  |  No Comments

Hewlett-Packard Co. confirmed it has increased by 5,000 the number of layoffs it plans to implement under the restructuring plan it adopted in May 2012, bringing the expected number of job cuts to 34,000. When the company first announced the plan, it targeted the number of job eliminations at 27,000 by October 2014 and later raised the figure to 29,000. But HP had suggested at its analyst meeting in October and again during its quarterly earnings call in late November that the cuts would affect 33,000 to 34,000 people. Read the rest of this post on the original site »

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Twitter Reverses Rally as Shares Dive

December 28, 2013  |  All Things Digital  |  No Comments

Twitter Inc.’s rally came to an abrupt halt on Friday. Shares of the microblogging site tumbled $9.56, or 13 percent, to $63.75, taking a dent out of the big gains that accumulated since the San Francisco company’s initial public offering in early November. The drop wiped away about $5.2 billion in Twitter’s market capitalization, or a little less than twice that of J.C. Penney Co. An analyst downgrade and worries about the stock’s valuation ignited Friday’s drop, burning many of the investors who had piled into the stock in recent days. Read the rest of this post on the original site »

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Judge Says NSA Phone Surveillance Is Legal

December 27, 2013  |  All Things Digital  |  No Comments

A federal judge in New York ruled Friday that the National Security Agency’s broad collection of U.S. phone-customer data is lawful, dismissing a complaint filed by the American Civil Liberties Union. The decision by U.S. District Judge William H. Pauley III came just days after another federal judge, U.S. District Judge Richard Leon in Washington, ruled that the NSA program “almost certainly” violated constitutional protections against unreasonable searches.

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Technology Fuels New Police Cruiser

December 26, 2013  |  All Things Digital  |  No Comments

To the untrained eye, it looks like almost any other New York Police Department cruiser combing the city’s streets — but this squad car has just as much brains as it does brawn. It is the department’s prototype “smart car,” outfitted with the latest gadgets in public safety. It has two infrared monitors mounted on the trunk that record any numbers it sees—such as license plates and addresses. It has surveillance cameras and air sensors capable of sending real-time information to police headquarters. The NYPD says it is the cruiser of the very near future. Read the rest of this post on the original site »

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LightSquared Files Bankruptcy-Exit Plan Backed by Fortress, Melody

December 26, 2013  |  All Things Digital  |  No Comments

Wireless venture LightSquared Inc. is seeking to exit bankruptcy protection with backing from private-equity firm Fortress Investment Group LLC and Melody Capital Advisors LLC. LightSquared, which has been at the center of a fight for control between hedge fund manager Phil Falcone and Dish Network Corp.’s Charlie Ergen, filed a new plan to exit Chapter 11 proceedings on Tuesday night, with more than $4 billion of debt-and equity backing from Fortress, Melody and existing investors J.P. Morgan Chase & Co. and Mr. Falcone’s Harbinger Capital Partners. Read the rest of this post on the original site »

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Scores of Music Services Stream Into Crowded Field

December 24, 2013  |  All Things Digital  |  No Comments

The number of music-streaming services is set to explode next year, as record labels have warmed up to the idea of renting consumers access to a vast collection of tunes, rather than selling them individual albums or songs. Dozens of companies — from household brands to music-focused startups — plan to begin offering new services in 2014, according to companies that they have hired to help launch and operate them. Read the rest of this post on the original site »

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Samsung Phone Studied for Possible Security Gap

December 24, 2013  |  All Things Digital  |  No Comments

The security platform for Samsung Electronics Co.’s best-selling Galaxy S4 smartphone suffers from a vulnerability that could allow malicious software to track emails and record data communications, according to cybersecurity researchers at Israel’s Ben-Gurion University of the Negev. The alleged security gap, which the researchers say they discovered earlier this month, comes as Samsung pitches the new security platform called Knox to potential clients at the U.S. Department of Defense and other government and corporate entities, in a bid to compete with BlackBerry Ltd., whose devices have been considered the gold standard among security-conscious clients for years. Read the rest of this post on the original site »

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Robots’ New Challenge: Pentagon Boot Camp

December 22, 2013  |  All Things Digital  |  No Comments

They have been portrayed by Hollywood as deadly Terminators. They have been vilified as future automaton armies, hunting humans without conscience. But these imposing robots, their makers say, are just here to help. If all goes as planned, machines named THOR, Valkyrie and Atlas will rush in where humans fear to tread, rescuing earthquake victims and turning off potentially catastrophic radiation leaks. To help developers come up with the rescue robots of the future, the Defense Department has embarked on a multimillion-dollar campaign. Competitors squared off Friday on a Nascar racetrack in Florida, where they engaged in a kind of slow-motion robot contest for survival—and for more Pentagon money. Read the rest of this post on the original site »

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U.S. Lays Out Case Against Megaupload, Kim Dotcom

December 21, 2013  |  All Things Digital  |  No Comments

Top executives at what was once one of the world’s most popular file-sharing sites called themselves “modern pirates” and acknowledged in Skype conversations they made money from users sharing unauthorized copies of movies and videos, according to documents released Friday by federal prosecutors. In 191 pages of evidence, the U.S. Justice Department laid out its case against Megaupload Ltd., the company behind a “cyberlocker” site that allowed users to upload files and is considered by the entertainment industry and prosecutors to have been a leading conduit for pirated content. Long a target in Hollywood’s campaign against unauthorized online sharing of movies and entertainment, Megaupload was placed under investigation by the Federal Bureau of Investigation starting in 2010 and was shut down after the January 2012 arrest of its founder, Kim Dotcom. Read the rest of this post on the original site »

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Should Forbes Be Valued as Online Business?

December 21, 2013  |  All Things Digital  |  No Comments

The owners of Forbes Media LLC are hoping to convince potential buyers it should be valued like a fast-growing digital media business, but people familiar with Forbes’ financial performance say that could prove a hard sell for a company that still has firm roots in a declining print advertising market. Forbes Media, publisher of Forbes magazine and Forbes.com, generated slightly less than $20 million in earnings before interest, taxes, depreciation and amortization, or Ebitda, last year, people familiar with the company’s financial performance said. Forbes doesn’t disclose details of its financial performance; a spokeswoman says it is profitable and on track in 2013 for its best financial performance in six years. Read the rest of this post on the original site »

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