CME Group resumes electronic trading after glitch delays open

Gill, the chief executive of CME Group Inc., speaks during Sandler O'Neill + Partners, L.P. global exchange and brokerage conference in New York(Reuters) - CME Group delayed the start of trade on its electronic platform by four hours on Monday due to technical problems, the latest glitch to hit the world's largest futures market operator. The start of trade in all contracts on the Globex Markets platform, apart from Bursa Malaysia derivatives, was halted because of an unspecified technical glitch, the top U.S. The delay marks another headache for CME, which shut electronic trade for leading agricultural contracts on April 8 in the worst-ever trading outage for those markets. CME Executive Chairman Terrence Duffy has said that outage was triggered when sophisticated technology tripped over a trading halt in a single market.



Amazon developing own online advertising software: WSJ

A zoomed illustration image of a man looking at a computer monitor showing the logo of Amazon is seen in Vienna(Reuters) - Amazon Inc is planning to develop its own software for placing advertisements online, The Wall Street Journal reported, citing people with knowledge of the matter. While the in-house platform is initially planned to replace ads supplied by Google Inc on Amazon's own website, the new system could challenge Google and Microsoft Corp's advertising business in the future, the newspaper cited the people as saying. Amazon's system would resemble Google's AdWords, and is planned to make it easier for marketers to reach the company's users, the newspaper reported the people as saying. The retailer is also building a tool that would help advertising agencies buy in bulk for thousands of advertisers, the Journal said, citing the people.



Walgreen stores go offline due to technical glitch

A Walgreens logo is seen outside its store in New York City(Reuters) - Pharmacy chain Walgreen Co suffered a system outage for several hours on Friday, taking all of its 8,200 pharmacy outlets offline and delaying prescription orders. The company faced a "technical issue" during a system update and had to bring the entire system offline to resolve it, spokesman Michael Polzin said. Some prescription orders may have been lost as a result of the outage, Polzin said, but most were queued and processed when the system was restored. Shares of Walgreen closed at $61.05 on Friday on the New York Stock Exchange.



IBM to help China's Inspur to design servers

A man passes by an illuminated IBM logo at the CeBIT computer fair in HanoverBy Gerry Shih BEIJING (Reuters) - IBM will help China's largest server vendor Inspur International design server systems, the two companies said on Friday, an unexpected development in what has been a politically charged rivalry in the Chinese technology market. Since last year Inspur has aggressively marketed its servers to Chinese state-owned firms as a replacement for IBM (International Business Machines Corp) systems while U.S.-China relations have worsened dramatically over mutual suspicions of cyber-spying. Inspur shares soared in late May after it told Chinese news outlets that its servers had begun to replace the U.S. The Chinese firm has coined the term "I2I" - IBM to Inspur - as a marketing catchphrase.



Computers reshaping global job market, for better and worse: paper

People use computers at a job fair in Detroit(Reuters) - Automation and increasingly sophisticated computers have boosted demand for both highly educated and low-skilled workers around the globe, while eroding demand for middle-skilled jobs, according to research to be presented to global central bankers on Friday. "(W)hile computerization has strongly contributed to employment polarization, we would not generally expect these employment changes to culminate in wage polarization except in tight labor markets," Autor wrote. Any long-term strategy to take advantage of advances in computers should rely heavily on investments in human capital to produce "skills that are complemented rather than substituted by technology," he said. Recounting the long history of laborers vilifying technological advances, Autor argues that most such narratives underestimate the fact that computers often complement rather than replace the jobs of higher-skilled workers.



'Jackass' star could face charges for SeaWorld sign prank

Cast member Steve-O gestures at the premiere of "Jackass 3D" at Grauman's Chinese theatre in HollywoodBy Marty Graham SAN DIEGO (Reuters) - Steve-O, one of the stars of the TV show "Jackass," could face criminal charges after he defaced a San Diego highway sign with a green banner that left it reading: "SeaWorld Sucks," officials said on Thursday. SeaWorld Entertainment Inc has called the documentary "inaccurate and misleading." "I'm putting my foot down for Shamu," Steve-O says in his video, referring to SeaWorld's most famous orca. Screw you SeaWorld." The 40-year-old British-born actor, whose name is Stephen Glover, encouraged supporters to share the two-minute film on social media using the hashtag #SeaworldSucks. SeaWorld spokesman David Koontz said the organization has no comment on the prank, which apparently took place in May. Last week SeaWorld said it will nearly double the size of its San Diego killer whale tank and expand similar enclosures in Florida and Texas amid the criticism.



JPMorgan customers targeted in email phishing campaign

JP Morgan Chase & Co sign outside headquarters in New YorkBy Jim Finkle and Nadia Damouni BOSTON/NEW YORK (Reuters) - Fraudsters are targeting JPMorgan Chase & Co customers in an email "phishing" campaign that is unusual because it attempts to collect credentials for that bank and also infect PCs with a virus that steals passwords from other institutions. The campaign, dubbed "Smash and Grab," was launched on Tuesday with a widely distributed email that urged recipients to click to view a secure message from JPMorgan, according to security researchers with corporate email provider Proofpoint Inc. JPMorgan, the No. 1 U.S. "It looks like they sent it out to lots of people in hopes that some of them might be JPMorgan Chase customers,” said bank spokeswoman Trish Wexler. Users who click on a malicious link are asked to enter credentials for accessing accounts with JPMorgan.



Brazil extends tax breaks on computer, smartphone sales

A woman looks at merchandise in a mobile phone store in Sao PauloBrazil extended tax breaks on computer and smartphone sales until the end of 2018, foregoing about 7.9 billion reais ($3.5 billion)in tax revenues next year, the Finance Ministry said on Thursday. The policy of keeping the so-called PIS/Cofins payroll tax at zero for computers, smartphones, tablets, modems and routers was scheduled to finish at the end of 2014, but the ministry said in a note it will be continued for four more years. Brazil is a growing market for computer and electronic devices, with over 270 million cell phones in operation, according to the Finance Ministry. Foreign companies such as South Korea's Samsung Electronics Co Ltd and LG Electronics INC are major players in the local smartphone market.



Microsoft to use Opera browser on low, mid-market phones
By Joachim Dagenborg OSLO (Reuters) - Microsoft has agreed to install Opera Software's Internet browser on low and mid-market mobile phones it inherited from Nokia, potentially putting Opera Mini on another 100 million phones year. The deal comes after Microsoft completed its $7.5 billion takeover of Nokia's handset business in April and announced it would cut 18,000 jobs as part of its efforts to halve the size of the Nokia phone business. "This is a great agreement for us, and something we have been dreaming of for 10 years and now it’s finally happening," Opera Chief Executive Lars Boilesen said. It declined to estimate the expected volume, but a source close to the agreement said Opera Mini could now be installed on an additional 100 million handsets a year.

Jackie Chan takes 'bow of apology' after son busted for drugs

Hong Kong actor Jackie Chan poses on red carpet at Hong Kong Film AwardsKungfu movie star Jackie Chan offered the public a "deep bow of apology" after his son, actor, singer and socialite Jaycee, was arrested in Beijing for drug use. Jackie Chan, 60, served as a goodwill spokesman for the China National Anti-Drug Committee in 2009, promoting anti-drug education. Jaycee, 32, was arrested on Monday after police found 100 grams of marijuana in his apartment, they said. "Along with Jaycee, I want to take a deep bow of apology to the public." The younger Chan is the latest celebrity caught up in a campaign against drugs in China, which has vowed to purge the country's elite of decadence and other social vices.



Former Tennessee Titans player Tim Shaw says he has ALS
By Tim Ghianni NASHVILLE Tenn. (Reuters) - Former Tennessee Titans linebacker Tim Shaw revealed he has ALS, also known as Lou Gehrig's disease, in a video that shows him dumping a bucket full of ice water over his head as part of an ALS fundraiser. "I’m here today to stand up and fight with all of you against this disease,” he said in the video posted on Tuesday, before dousing himself as part of the "Ice Bucket Challenge" to fight ALS - amyotrophic lateral sclerosis. After taking the challenge, Shaw, 30, called on the Titans organization, Penn State head coach James Franklin, the school's football team and his Clarenceville, Michigan, community to do the same. Shaw was drafted by the Carolina Panthers from Penn State and also played for the NFL's Jacksonville Jaguars and Chicago Bears.

Silver Lake, Bain vie for photobook maker Shutterfly: sources
Silver Lake Partners LP and Bain Capital LLC are among the buyout firms vying to acquire Shutterfly Inc, an online photo-sharing services provider with a market value of $2 billion, according to people familiar with the matter. Silver Lake and Bain have progressed to the second round in the auction for Shutterfly and are considering whether to submit binding offers in the next few weeks, the people said this week. Shutterfly shares were trading up 2.4 percent at $51.5 on the news in late morning trading on Wednesday. The price of the possible offers could not be learned but the people said private equity firms may borrow more than seven times Shutterfly's earnings before interest, tax, depreciation and amortization (EBITDA) in a leveraged buyout.

Previous    1    2    3    4    Next