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Posts Tagged ‘September’

Chinese Firm Wins Bid For US-Backed Battery Maker

December 10th, 2012 12:18 admin View Comments

The Almighty Buck

theodp writes “On September 13, 2010, President Obama called A123 Systems from the Oval Office to congratulate them on opening the nation’s first manufacturing facility to mass-produce electric vehicle batteries, which the White House noted was made possible by a $249 million Recovery Act grant the company received the prior August. ‘When folks lift up their hoods on the cars of the future,’ the President said, ‘I want them to see engines and batteries that are stamped: Made in America. And that’s what you guys are helping to make happen.’ But on Saturday, the assets of A123 Systems were auctioned off to the Wanxiang Group, a large Chinese auto parts maker. Wanxiang agreed to pay $256 million for A123′s automotive and commercial operations, including its three factories in the United States. Forbes reports that A123′s stock, which closed at 7 cents a share on Friday, is now worthless.”

Source: Chinese Firm Wins Bid For US-Backed Battery Maker

CIA Director David Petraeus Resigns, Citing Affair

November 9th, 2012 11:11 admin View Comments

Government

Penurious Penguin writes “After serving as Director of the CIA since September 2011, David Petraeus resigned from his position today, November 9. The retired four-star Army general has cited an extramarital affair as reason for the resignation. Michael Morell will now serve as Acting Director of the CIA.”

Source: CIA Director David Petraeus Resigns, Citing Affair

Secret Service Investigating Romney Tax Hack Claim

September 6th, 2012 09:05 admin View Comments

Security

A federal investigation has been launched after hackers claimed to have stolen Mitt Romney’s tax returns. The hackers have given Romney until September 28th to pay $1 million in bitcoins or they say they will release the returns. From the article: “The claim was made in a post on the Pastebin site on Sunday that alleged that Romney’s federal tax returns were taken from the offices of PriceWaterhouse Coopers in Frankin, Tenn., on August 25 by someone who snuck into the building and made copies of the document. The message author threatened to release the files publicly on September 28 and said copies of the files had been given to Democratic and Republican leaders in that county. Democrats have made Romney’s refusal to release his tax returns a key point in their criticism that he is not in touch with working class voters.”

Source: Secret Service Investigating Romney Tax Hack Claim

CUFP 2012 Tutorials

August 27th, 2012 08:15 admin View Comments

If you are in Denmark in September you should attend. If not, raise a glass to salute what is now abundantly clear: FPLs are concurring the (“real”) world.

Source: CUFP 2012 Tutorials

Arctic Sea Ice Hits Record Low Extent

August 26th, 2012 08:56 admin View Comments

Earth

mdsolar writes “Arctic sea ice has hit a record low extent for the period of satellite observation. Further, this record has been set in August when the minimum annual sea ice extent (and the prior record) has always come in September. Further still, the ice is still retreating as rapidly as it was in June and July when normally the decrease of sea ice extent slows in August. It is thus possible the the final minimum sea ice extend for 2012 will be seen in October rather than September as has always occurred in the past. More than one monitoring effort agree on the existence of a new record.”

Source: Arctic Sea Ice Hits Record Low Extent

Kelihos Botnet Comes Back To Life

February 2nd, 2012 02:40 admin View Comments

Botnet

angry tapir writes “A botnet that was crippled by Microsoft and Kaspersky Lab last September is spamming once again and experts have no recourse to stop it. The Kelihos botnet only infected 45,000 or so computers but managed to send out nearly 4 billion spam messages a day, promoting, among other things, pornography, illegal pharmaceuticals and stock scams. But it was temporarily corralled last September after researchers used various technical means to get the 45,000 or so infected computers to communicate with a “sinkhole,” or a computer they controlled.”

Source: Kelihos Botnet Comes Back To Life

Linux Foundation Sites Restored

January 4th, 2012 01:05 admin View Comments

Security

LinuxScribe writes “The Linux Foundation has quietly restored all of the websites it took down following the September 2011 breach that affected Linux.com and all other Foundation websites–an attack that was linked to the August 2011 breach of kernel.org. But one website won’t be coming back: the Linux Developer Network, launched in 2008. Content from the site will now be hosted across all of the Linux Foundation’s web properties.”

Source: Linux Foundation Sites Restored

New Yahoo CEO: Speed Is Important In Company’s Turnaround

January 4th, 2012 01:00 admin View Comments

yahoo-logo-150x150.jpegYahoo! Inc. ended months of speculation and named Scott Thompson, president of eBay Inc.’s PayPal unit, its new Chief Executive.

Thompson, who officially starts on Monday, replaces Tim Morse, Yahoo’s chief financial officer, who had been interim chief executive since September. Carol Batz was fired in September after two-and-a-half years on the job after failing to raise revenue or gain ground on Facebook, Google and other rivals.

“Scott brings to Yahoo! a proven record of building on a solid foundation of existing assets and resources to reignite innovation and drive growth, precisely the formula we need at Yahoo!,” Roy Bostock, Yahoo’s chairman, said in a statement. “His deep understanding of online businesses combined with his team building and operational capabilities will restore the energy, focus, and momentum necessary to grow the core business and deliver increased value for our shareholders.”

Thompson will also join Yahoo’s board of directors, which is currently looking to sell stakes in Asian Internet companies. The company may also sell a stake to private equity investors. When Batz was fired the board said it was considering the sale of all or part of the company.

At PayPal, Thompson grew revenue to $4 billion from $1.8 billion and increased the number of users to 104 million from 50 million in 190 countries.

“Yahoo! has a rich history and a solid foundation to build on, and its continued user engagement is one of the many reasons for my enthusiasm,” he said in a statement. “Clearly speed is important but we will attack both the opportunity ahead and the competitive challenges with an appropriate balance of urgency and thoughtfulness.”

Source: New Yahoo CEO: Speed Is Important In Company’s Turnaround

HP Slate 2: Brilliant or Bust?

November 3rd, 2011 11:29 admin View Comments

Businesses

First time accepted submitter redletterdave writes “After being introduced in September, HP’s new CEO Meg Whitman announced Oct. 27 that the company ‘needs to be in the tablet business.’ However, by creating a lackluster product in the Slate 2 that runs on a soon-to-be-outdated operating system, HP will surely find itself back where it started, when furious Best Buy executives demanded HP to take back their thousands of unsold tablets piling up in storage.”

Source: HP Slate 2: Brilliant or Bust?

Mitsubishi Hack Stole Nuclear, Defense Data

October 25th, 2011 10:55 admin View Comments

Security

judgecorp writes “When Mitsubishi announced in September it had been hacked in August it was criticized for keeping quiet for a month. Now it appears that the attackers got nuclear power plant and military aircraft details according to sources quoted in the Japanese media.”

Source: Mitsubishi Hack Stole Nuclear, Defense Data

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