St. Jude Medical sues short-seller, security researchers over hacking claims
St. Jude Medical responded to recent claims about security flaws with its implantable cardiac devices by suing the short-selling firm and research team responsible for the accusations this week in federal court.The St. Paul-based medical device manufacturer filed suit Wednesday in U.S. District Court for the District of Minnesota against Muddy Waters, MedSec Holdings and their respective executives two weeks after its stock dipped upon the release of a report in which the defendants raised secur..>> view originalSamsung for government
Posted : 2016-09-09 11:13 Updated : 2016-09-09 11:17 Samsung for government By Oh Young-jinOne may rightly feel it absurd to put a private company in charge of government.True, private firms seek profits, while the role of the government is, well, to run the country -- requiring it to serve many different purposes with profit at the bottom of its list of priorities.The theory goes: a private company in charge would run the nation aground as it pushes for maximum margins at whatever c..>> view originalThe Fast and Furious fall of HP — Why Meg Whitman is breaking the one-time symbol of Silicon Valley into pieces
It’s been a busy and harrowing couple of years for Hewlett-Packard. The company founded by a pair of Stanford-educated pioneers that kicked off the Silicon Valley tech revolution from a garage in 1938 has fallen on hard times. And it’s happened alarmingly fast. Just six years ago Hewlett-Packard was one of the world’s top tech companies, with $127 billion in annual sales. But instead of being too big to fail, it was too big to succeed — or evolve. The lumbering behemoth has been unable to adapt..>> view originalAirbnb Plans To Fight Racism With Diversity. But Will It Be Enough?
Wells Fargo Fined for Fraudulently Opening Accounts for Customers
Photo Wells Fargo employees opened roughly 1.5 million bank accounts and applied for 565,000 credit cards that may not have been authorized by their customers, regulators said. Credit Eric Thayer/Bloomberg For years, Wells Fargo employees secretly issued credit cards without a customer’s consent. They created fake email accounts to sign up customers for online banking services. They set up sham accounts that customers learned about only after they started accumulating f..>> view originalMastercard sued for $19 billion in Britain's biggest damages claim
View shows credit cards Thomson Reuters LONDON (Reuters) - Some 46 million people in Britain could potentially benefit from a legal case brought against Mastercard demanding 14 billion pounds ($19 billion) in damages for allegedly charging excessive fees, according to court documents filed in London. The case brought by a former chief financial services ombudsman alleges the payments company charged unlawfully high fees to stores when shoppers swiped their debit or c..>> view originalGerman Exports Plunge in July
FRANKFURT—Germany’s exports plummeted in July, the latest in a string of weak economic data from Europe’s industrial powerhouse that will further fan discussions about tax cuts in Berlin. Coming hot on the heels of weak manufacturing production and orders data at the start of the third quarter, the Federal Statistical Office said on Friday that exports dropped 2.6% from June. Exports were down a startling 10% from July last...>> view originalElon Musk Calls SpaceX Explosion Most Vexing Failure in 14 Years
SpaceX’s billionaire founder Elon Musk called the Falcon 9 explosion its most perplexing failure in 14 years, deepening the mystery surrounding the loss of the satellite-bearing rocket on its launchpad last week.U.S. investigators are looking into why the Falcon 9 rocket, developed by Musk’s Space Exploration Technologies Corp., blew up on Sept. 1 before a scheduled test launch in Cape Canaveral, Florida. The explosion incinerated a satellite Facebook Inc. had planned to use to beam Internet ac..>> view originalHere's How Dell Technologies Will Contend With Amazon in Cloud
Dell Technologies, now officially a company with an estimated $74 billion in annual revenue, wants to be a presence in cloud but will not take on market leader Amazon amzn directly in the public cloud game. Instead it hopes to play above, around, and in between Amazon Web Services and other IT deployment models. As Michael Dell, chief executive of the new, converged company, told Fortune on Wednesday, business customers need options. “It’s about private cloud and cross-cloud. We’re seein..>> view originalDraghi Asset Buying Deepens the Hole in Europe's Pension Funds
As he tries to jump start the economies of today, European Central Bank President Mario Draghi is punching holes in the retirements of tomorrow.Draghi on Thursday said the ECB may continue asset buying beyond March 2017 until it sees inflation consistent with its targets. The purchases, along with low and negative interest rates from the ECB and the region’s national banks, are pushing more and more bond yields below zero, hurting European pension managers that are already struggling to fund re..>> view original
Tuesday, September 13, 2016
St. Jude Medical sues short-seller, security researchers over hacking claims and other top stories.
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