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Equifax CEO Richard Smith steps down in aftermath of massive breach

  • William Van-Lear Black
  • 8 Months ago
  • 0
Equifax Chairman and CEO Richard Smith stepped down Tuesday in the wake of a massive cybersecurity breach that exposed the birth dates, social security numbers, and other personal information of 143 million Equifax customers, The New York Times reports. Paulino do Rego Barros Jr. will vacate his post as the company’s president of the Asia-Pacific […]

Cryptocurrency mining program Coinhive sparks controversy

  • William Van-Lear Black
  • 8 Months ago
  • 0
Coinhive, a Javascript application that uses website visitors’ computing power to mine cryptocurrency, launched on September 14. Since, the program has generated controversy, as website owners and hackers alike insert it into a number of high-profile websites. Coinhive markets itself as a legitimate way for websites to make money, but does not endorse the use […]

China bans Facebook messaging service WhatsApp

  • William Van-Lear Black
  • 8 Months ago
  • 0
The Chinese government has disabled Facebook-owned messaging service WhatsApp, the New York Times reports. Nadim Kobeissi, an applied cryptographer at Paris-based research firm Symbolic Software, told the Times his company began noticing slowdowns in the service Wednesday. By Monday, the block had become comprehensive. Authorities blocked video-chat and file-sharing functions within WhatsApp in mid-July, but […]

Uber’s success in food delivery sector is a “wonderful surprise,” CEO says

  • William Van-Lear Black
  • 8 Months ago
  • 0
As Uber’s new CEO, Dara Khosrowshahi looks to guide the company back to stability after a flurry of corporate upheaval and operational stumbling blocks. Khosrowshahi says the success of the company’s food delivery arm, UberEats, has been a “wonderful surprise,” The New York Times reports. According to the Times, Uber’s aid UberEats generates more revenue […]

Sprint and T-Mobile nearing merger agreement

  • William Van-Lear Black
  • 8 Months ago
  • 0
T-Mobile and Sprint, respectively the third and fourth largest wireless carriers in the U.S., are nearing a merger agreement, undisclosed sources told Reuters Friday. A due diligence period would follow the finalization of the agreement’s terms, but the companies expect a deal by October, according to Reuters’ source. In August, Reuters says, Sprint CEO Marcelo Claure […]

Walmart to test in-home delivery program

  • William Van-Lear Black
  • 8 Months ago
  • 0
Remember when you had to go down to the mailbox or onto your doorstep to pick up items you ordered online? If a program Walmart is testing takes off, people may be asking that question within the next several years. The program will allow delivery drivers to leave packages inside a customer’s home, and groceries […]

Silicon Valley startup Aeva aims to give driverless cars better vision

  • William Van-Lear Black
  • 8 Months ago
  • 0
In January, with funding from Lux Capital and other venture capital firms, two former members of Apple’s Special Projects Group, Soroush Salehian and Mina Rezk, started Aeva. The company aims to improve the ability of self-driving cars to see their surroundings, according to New York Times report. Salehian and Rezk are reimagining Lidar—that is, Light […]

Toshiba board agrees to sell memory business to Bain-led group

  • William Van-Lear Black
  • 8 Months ago
  • 0
Wednesday, the board of reeling technology giant Toshiba announced that it has approved the $18 billion sale of the company’s flash memory operation, Toshiba Memory Corporation (TMC), to a group of buyers that includes American venture capital firm Bain Capital, and a pair of government-owned Japanese organizations, the Innovation Network Corporation of Japan, the New […]

Crocs, Inc. is making a resurgence

  • William Van-Lear Black
  • 8 Months ago
  • 0
After a series of struggles, most recently an abysmal fourth quarter of 2016, Crocs, Inc. and its iconic foam clog are making a comeback, the Washington Post reports. The company posted a 28.4 percent year-over-year increase in net profit over the first six months of 2017, and according to the Post. Foot traffic in Crocs […]

Amazon glitch gives customers big news

  • William Van-Lear Black
  • 8 Months ago
  • 0
Amazon sent several customers e-mail alerts Tuesday notifying them that items on their baby registries had been purchased and were on the way, MarketWatch reports. But, many who received the e-mails did not have registries and were not expecting babies. Some such customers assumed the messages were spam and did not click the link provided. […]

More and more Amish businesses are using technology

  • William Van-Lear Black
  • 8 Months ago
  • 0
There are 2,000 thriving Amish businesses in the Lancaster, PA area, Donald B. Kraybill, a retired professor at Elizabethtown’s Young Center for Anabaptist and Pietist Studies, told the New York Times. Many are worth several million dollars. More and more of those businesses are not strictly agrarian. Many now function with the aid of technology, […]

Proterra bus sets range record for electric vehicles

  • William Van-Lear Black
  • 8 Months ago
  • 0
Proterra, the California-based manufacturer of electric buses, said Tuesday that its new, 100 percent electric Catalyst E2 model set a range record at a test track in New Carlisle, Indiana, traveling 1,102.76 miles on a single charge, the LA Times reports. Navistar International, a bus and truck manufacturer that owns the track, verified the test. […]

Best Buy is quietly thriving in an Amazon world

  • William Van-Lear Black
  • 8 Months ago
  • 0
In an eCommerce age in which every brick-and-mortar enterprise is expected to roll over and die, Best Buy is adapting to the changing market. Under the guidance of CEO Hubert Joly, Best Buy is engineering an impressive turnaround, the New York Times reports. According to the Times, Best Buy’s revenue has exceeded analysts’ expectations in six of the […]

Equifax could have prevented breach with a simple patch, experts say

  • William Van-Lear Black
  • 8 Months ago
  • 0
Last Thursday, credit-monitoring firm Equifax announced that hackers had breached its computer systems and compromised the data of as many as 143 million Americans. Thursday, the company confirmed that the perpetrators of the attack did, as rumored, exploit a weakness in Apache STRUTS. Equifax identified the exploited vulnerability as Apache Struts CVE-2017-5638. In March, industry […]

Walgreens to revise proposal to buy over 2,000 Rite Aid stores

  • William Van-Lear Black
  • 8 Months ago
  • 0
In yet another effort to appease the Federal Trade Commission (FTC), U.S. pharmacy chain Walgreens will likely revise its June proposal to acquire 2,186 individual Rite Aid stores for $5.18 billion, sources told Bloomberg Monday. Walgreens’ announcement could come early this week, the sources said. The two chains have been pursuing a deal for almost […]

Strike begins at GM manufacturing plant in Canada

  • William Van-Lear Black
  • 8 Months ago
  • 0
At 11:00 p.m. Sunday night, workers at General Motors’ CAMI  Assembly Plant in Ingersoll, Ontario, Canada left their posts and began picketing in front of the facility, Canadian news agency Global News reports. The strike began after GM and Unifor Local 88, a Canadian labor union that represents 3,000 workers, including those at the CAMI […]

Boeing wins $600 million deal to design the next Air Force One

  • William Van-Lear Black
  • 8 Months ago
  • 0
The U.S. Air Force announced Wednesday that on Tuesday it awarded Boeing a $600 million contract to design two new aircraft for the President’s Air Force One fleet. Both planes will be 747-8 models; they will replace a pair of aging VC-25A (747-200B) aircraft. President Obama ordered the replacement during his second term, according to […]

High-tech retail startup Bodega raises $2.5 million in funding round

  • William Van-Lear Black
  • 8 Months ago
  • 0
Bodega, a San Francisco-based startup that operates fully-automated kiosks roughly the size of vending machines, introduced itself to the world Wednesday. The company has raised $2.5 million in a funding round led by venture capital firms Homebrew and First Round Capital, TechCrunch reports. Thirty Bodega kiosks (which the company calls “bodegas”) are already operational in […]

Centene to acquire Fidelis Care for $3.75 billion

  • William Van-Lear Black
  • 9 Months ago
  • 0
Centene, the United States’ largest Medicaid managed care provider, announced Tuesday that it has reached a “definitive agreement” to acquire Fidelis care for $3.75 billion, USA Today reports.  The deal is scheduled to close in early 2018. It awaits the approval of various New York regulators, who will, among other things, evaluate it for compliance […]
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