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Posts Tagged ‘Wall Street’

New Documents Detail FBI, Bank Crack Down On Occupy Wall Street

December 31st, 2012 12:55 admin View Comments

Government

jvillain writes “The Guardian has up a story detailing the crack down on Occupy Wall Street (OWS). It goes on to show how the FBI, DHS. Terrorist Fusion Centers and the banks all worked together to stifle descent. From the article: ‘This production [of documents], which we believe is just the tip of the iceberg, is a window into the nationwide scope of the FBI’s surveillance, monitoring, and reporting on peaceful protesters organizing with the Occupy movement These documents also show these federal agencies functioning as a de facto intelligence arm of Wall Street and Corporate America.’ The next question is how many Americans are now listed as part of a ‘terrorist group’ by the government for their support of OWS?”

Source: New Documents Detail FBI, Bank Crack Down On Occupy Wall Street

Instagram User Drop Claims Overblown

December 28th, 2012 12:23 admin View Comments

Facebook

Nerval’s Lobster writes “When AppData first posted a graph showing a 25 percent drop in Instagram’s daily active users, it sparked a flurry of discussion online—much of it focused on the recent controversy over the photo-sharing service’s Terms of Use. The New York Post, for example, blamed the dip on a ‘revolt’ among Instagram users incensed over changes in the Terms of Use, including new legalese that some interpreted as blanket permission for the service to start selling user photos to advertisers. But a new statement from AppData, which tracks app traffic, suggests there’s another cause behind the dip in daily active users: the season. ‘The decline in Facebook-connected daily active users began closer to Christmas, not immediately after the proposed policy changes,’ read a statement the firm sent to The Wall Street Journal. ‘The drop between Dec. 24 and 25 seems likely to be related to the holiday, during which time people are traveling and otherwise have different routines than usual.’” It’s also possible (likely, even) that there’s no loss of users at all. AppData only checks a subset of Instagram users, and the photo-sharing site itself has said the data represented there is not accurate. Another article points out that several other Facebook-related services showed significant drops, according to AppData, which could suggests a problem with the entire platform or with the data gathering methods.

Source: Instagram User Drop Claims Overblown

Empty Times Square Building Generates $23 Million a Year From Digital Ads

December 27th, 2012 12:44 admin View Comments

Advertising

dryriver writes “Advertising things at the right place is proving to be a cash cow, as electronic ads earn about $23mn each year for an empty building at One Times Square – the iconic tourist destination in the New York City. A 25-story Manhattan office building that has long been empty keeps on bringing in millions to its owner as a billboard. Michael Phillips, CEO of Atlanta-based Jamestown Properties, bought One Times Square through a fund in 1997 for $117 million, as the Wall Street Journal reports. More than 100mn pedestrians pass through the square each year, which is 90% more than 16 years ago, says the Times Square Alliance, a non-profit business improvement organization. And this is what makes a price tag for having a company’s name placed on the building the highest in the world, even above such crowded tourist destinations as Piccadilly Circus in London. Dunkin’ Brands Group Inc. pays $3.6mn a year for a Dunkin’ Donuts digital sign on the One Times Square building, with Anheuser-Busch InBev paying another $3.4mn a year for its advertisement. Sony and News America pay $4mn a year for a shared sign.”

Source: Empty Times Square Building Generates $23 Million a Year From Digital Ads

Acer Rethinks the “Tablet Bubble,” Launching $99 Tablet

December 25th, 2012 12:08 admin View Comments

China

retroworks writes “In August 2011, Acer Chairman JT Wang declared that the consumer affection for tablets had already begun to cool, basically labeling it a fad. What a difference a year (and a half) makes. Acer now plans to introduce a ‘category killer’ $99 tablet. ‘In the past few months, we’ve made project roadmap changes in response to big changes in the tablet market,’ according to a source at the Wall Street Journal. ‘The launch of the Nexus 10 has changed the outlook for what makes competitive pricing.’ Acer is aiming the new tablet at emerging markets, competing with Chinese ‘white box’ tablets (already available in Shenzhen at $45 each).”

Source: Acer Rethinks the “Tablet Bubble,” Launching $99 Tablet

Google Skunkworks Working on ‘X Phone,’ Reports WSJ

December 23rd, 2012 12:26 admin View Comments

Google

The Wall Street Journal says that Google’s not quite content to be just a name printed on certain Android phones, and has set some of the cellphone engineers from Google-owned Motorola Mobility to work on high-end project known internally as the ‘X phone.’ The rumored phone, says the article, “is due out sometime next year,” and is meant as a technology flagship for Android phones, incorporating more innovative features than typical phones, such as advanced gesture recognition. Some of those features, like a flexible screen, have reportedly already been dropped from the design, though. If the X Phone materializes, a tablet is expected to follow.

Source: Google Skunkworks Working on ‘X Phone,’ Reports WSJ

Google Axes Free Google Apps For Businesses

December 7th, 2012 12:32 admin View Comments

Cloud

New submitter Macfox writes “In a move to focus on serving small business better, Google has axed the popular free edition of Google Apps for businesses. From Dec 6th, it will not be possible to sign up for the free edition. In a statement to the Wall Street Journal, Google’s senior vice president in charge of Google Apps said Google wants to provide small businesses that use the free version of the software with dedicated customer support — something only paying customers currently get. ‘We’re not serving them well,’ he said of the free users.” Google’s blog post notes that “this change has no impact on our existing customers, including those using the free version.”

Source: Google Axes Free Google Apps For Businesses

Google’s Schmidt: Patent Wars Harm Startups

December 5th, 2012 12:36 admin View Comments

Google

Nerval’s Lobster writes “Former Google CEO Eric Schmidt opened up to The Wall Street Journal in a Dec. 4 interview. Among the topics covered: the status of his company’s ongoing patent war with Apple, as well as its attempts to make the Android mobile operating system more of a revenue giant. In Schmidt’s mind, startups have the most to lose in the current patent wars: ‘There’s a young [Android co-founder] Andy Rubin trying to form a new version of Danger [the smartphone company Mr. Rubin co-founded before Android]. How is he or she going to be able to get the patent coverage necessary to offer version one of their product? That’s the real consequence of this.’”

Source: Google’s Schmidt: Patent Wars Harm Startups

Who Owns Your Health Data?

December 3rd, 2012 12:13 admin View Comments

Privacy

porsche911 writes “The Wall Street Journal has an interesting article about how the data from Implanted health devices is managed and the limitations patients run into when they want to see the data. Companies like Medtronic plan to sell the data but won’t provide it to the person who generated it. From the article: ‘The U.S. has strict privacy laws guaranteeing people access to traditional health files. But implants and other new technologies—including smartphone apps and over-the-counter monitors—are testing the very definition of medical records.’”

Source: Who Owns Your Health Data?

One Cool Day Job: Building Algorithms For Elevators

December 1st, 2012 12:52 admin View Comments

Math

McGruber writes “The Wall Street Journal has an article about Theresa Christy, a mathematician who develops algorithms for Otis Elevator Company, the world’s largest manufacturer and maintainer of people-moving products including elevators, escalators and moving walkways. As an Otis research fellow, Ms. Christy writes strings of code that allow elevators to do essentially the greatest good for the most people — including the building’s owner, who has to allocate considerable space for the concrete shafts that house the cars. Her work often involves watching computer simulation programs that replay elevator decision-making. ‘I feel like I get paid to play videogames. I watch the simulation, and I see what happens, and I try to improve the score I am getting,’ she says.”

Source: One Cool Day Job: Building Algorithms For Elevators

Fox News Parent NewsCorp May Face Corruption Investigation

November 22nd, 2012 11:20 admin View Comments

Crime

rtfa-troll writes “The Guardian reports that News Corporation may face FCPA investigations after an ‘official of the British ministry of defence’ was charged ‘for allegedly receiving £100,000 from Murdoch’s tabloid newspapers.’ News Corporation, headed by Rupert Murdock, is loved by most of the readers of Slashdot as the owner of Fox News and as the company which put the overly complicated paywall on the Wall Street Journal. The article states that the charges ‘would be hard for the Department of Justice and the Securities and Exchange Commission to ignore and would warrant investigation under the U.S. Foreign Corrupt Practices Act which could lead to risks for “27 TV licences within the Fox network.”

Source: Fox News Parent NewsCorp May Face Corruption Investigation

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