Business news

• Apple sells out of iPhone 7 Plus, dismisses rumors of buying Tidal

  15-09-2016 23:39 via cnet.com
  
  Don't count on finding an iPhone 7 Plus or a jet-black iPhone 7 in stores when the phone launches Friday. Meanwhile, Apple downplays talk of it buying rival music service Tidal, just as Pandora adds new perks for subscribers.
  
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• Ecuadorians face off against Chevron in Ontario court over $9.5B US award

  15-09-2016 23:38 via cbc.ca
  
  Lawyers for a group of Ecuadorian villagers and oil giant Chevron squared off in court once again on Thursday in the latest skirmish of a seemingly endless legal war that has already cost tens of millions of dollars to wage and has billions more at stake.
  
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• Apple reportedly mops up messaging porn problem on iOS 10

  15-09-2016 23:32 via cnet.com
  
  A new way to find and insert animated GIFs into messages creates a conduit for off-color graphics.
  
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• Samsung's Note 7 formally recalled by Consumer Product Safety Commission

  15-09-2016 23:10 via cnet.com
  
  The US safety agency says Samsung has received 92 reports of the batteries overheating in the US, including 26 reports of burns and 55 reports of property damage.
  
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• Polk's affordable Signature Series speakers offer distinctive bass-port design

  15-09-2016 23:00 via cnet.com
  
  Polk's latest set of speakers start at a very reasonable $199.
  
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• U.S. regulators issue official recall of Samsung Note 7 smartphones

  15-09-2016 22:47 via cbc.ca
  
  U.S. regulators are issuing an official recall of Samsung's Galaxy Note 7 phone because of the risk that its batteries can explode or catch fire.
  
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• U.S. regulators issue official recall of Samsung Note 7 phones

  15-09-2016 22:47 via cbc.ca
  
  U.S. regulators are issuing an official recall of Samsung's Galaxy Note 7 phone because of the risk that its batteries can explode or catch fire.
  
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• Samsung to recall Galaxy Note 7 smartphones: U.S. agency

  15-09-2016 22:38 via news.yahoo.com
  
  (Reuters) - Samsung Electronics Co Ltd will recall Galaxy Note 7 smartphones due to serious fire and burn hazards, the U.S. Consumer Product Safety Commission (CPSC) said. The CPSC said on Thursday that Samsung had received 92 reports of the batteries overheating in the United States, including 26 reports of burns and 55 reports of property damage. Consumers should immediately power down and stop using the recalled Galaxy Note 7 devices, the agency said.
  
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• How we learned to talk to computers, and how they learned to answer back

  15-09-2016 22:37 via techrepublic.com
  
  While speech is second nature for human beings, it is a complex and fast-developing field in computing. Learn how computers have acquired speech, and what it means for our future.
  
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• Fiat Chrysler recalling 1.9 million cars for new air bag defect

  15-09-2016 22:32 via news.yahoo.com
  
  Fiat Chrysler Automobiles NV said on Thursday it is recalling 1.9 million vehicles worldwide for an air bag defect linked to three deaths and five injuries. It is the latest in a series of large-scale air bag recalls, as the auto industry grapples with a widening array of problems from potentially unstable inflators to bad software. The Fiat Chrysler recall involves non-deployment of air bags and seat-belt pretensioners in some crashes.
  
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• ​Chrome updated so tomorrow's quantum computers can't crack today's encryption

  15-09-2016 22:32 via cnet.com
  
  Using qubits instead of bits gives quantum computers new power to decode communications. Google wants to nip that possibility in the bud.
  
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• ​iPhone owners can recoup their costs with 500px camera app

  15-09-2016 22:31 via cnet.com
  
  The site 500px, which has expanded from photo sharing to photo sales, taps into the higher quality that's available through raw photo formats.
  
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• Wall Street surges on lower rate-hike fears, Apple ascends

  15-09-2016 22:29 via news.yahoo.com
  
  Apple rose as much as 3.4 percent, giving the three major indexes their biggest boost, on news the first quantities of its iPhone 7 Plus were sold out globally. Data showed retail sales and industrial activity fell more than expected in August. Other reports, showing a slowdown in job growth and a slump in manufacturing activity for the month, further eased expectations that the Federal Reserve will raise rates at its meeting next week.
  
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• Hanjin says U.S.-bound ship is being held 'hostage'

  15-09-2016 22:20 via news.yahoo.com
  
  A lawyer for Hanjin Shipping Co Ltd , the failed South Korean container carrier, said on Thursday a U.S.-bound vessel was held "hostage" by disputes over payments, adding to the struggles in getting $14 billion of cargo off its ships stranded at sea. "There is no clear visibility yet on what will happen with this business," Hanjin lawyer Ilana Volkov said at a hearing, when asked by U.S. Bankruptcy Judge John Sherwood whether Hanjin was liquidating. Since then, the Hanjin Boston, Hanjin Greece a
  
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• ​Microsoft's SwiftKey brings artificial intelligence to your phone keyboard

  15-09-2016 22:14 via cnet.com
  
  Neural network technology means the keyboard gets better at predicting what you're about to type and correcting what you already did, the company says.
  
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• Volvo, Rolls-Royce, Ford and more to skip Paris Motor Show

  15-09-2016 22:13 via cnet.com
  
  Well, that sucks.
  
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• U.S. tax avoidance clampdown a potential headache for Apple

  15-09-2016 22:13 via news.yahoo.com
  
  By Jason Lange WASHINGTON (Reuters) - Apple Inc and other U.S. multinationals will face new curbs on tax loopholes under a rule imposed by Washington on Thursday, part of a scramble among governments worldwide to bolster their corporate tax bases. Acting shortly after a European Union grab for billions of dollars in back taxes from Apple, the U.S. Treasury said it was tightening restrictions on companies' use of foreign tax credits to reduce what they owe in U.S. taxes. "We are closing another t
  
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• Wall Street ends up on lower rate-hike bets

  15-09-2016 22:05 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks ended sharply higher on Thursday, buoyed by Apple's best four-day run since 2014, higher oil prices and lackluster economic data that further dimmed expectations for an interest rate hike next week.
  
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• Fiat Chrysler recalling 1.9 million vehicles for air bag defect

  15-09-2016 22:03 via news.yahoo.com
  
  By David Shepardson WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said on Thursday it is recalling 1.9 million vehicles worldwide for an air bag defect linked to three deaths and five injuries. The recall involves deployment of air bags and seat-belt pretensioners in some crashes. It affects models sold between 2010 and 2014, including the Chrysler Sebring, 200, Dodge Caliber, Avenger, Jeep Patriot and Compass SUVs.
  
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• U.S. consumer safety agency plans recall of Samsung Galaxy Note 7: source

  15-09-2016 21:58 via news.yahoo.com
  
  (Reuters) - U.S. consumer safety agency plans a recall of Samsung Electronics Co Ltd's Galaxy Note 7, according to a person familiar with the plans. The U.S. Consumer Product Safety Commission (CPSC) said on Friday that owners of Galaxy Note 7 smartphones should stop using the devices and turn them off because of the threat of a battery fire. The CPSC said last week it was working with Samsung to announce an official recall of the devices as soon as possible.
  
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• Lego's super-detailed Caterham Seven 620R replica hits the road

  15-09-2016 21:51 via cnet.com
  
  At £49,926 less than the real thing, Lego's latest model may be the cheapest way to get your mitts on the deluxe British sports car.
  
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• Swedish court to rule on Julian Assange extradition

  15-09-2016 21:48 via cnet.com
  
  Facing extradition to Sweden over sexual assault allegations, the WikiLeaks founder has been confined to the Ecuadorian embassy in London for more than four years.
  
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• Activist Naylor calls on Wells Fargo to study breakup

  15-09-2016 21:37 via news.yahoo.com
  
  BOSTON (Reuters) - Activist investor Bart Naylor said on Thursday he has filed a shareholder resolution calling on Wells Fargo & Co to study breaking up its business in the wake of a fake accounts scandal. Naylor, a financial policy analyst for consumer advocacy group Public Citizen, has submitted similar measures at other large banks in recent years. His latest calls on Wells Fargo's directors to study "whether the divestiture of all non-core banking business segments would enhance sharehol
  
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• ​Your smartwatch skepticism could evaporate by 2020

  15-09-2016 21:27 via cnet.com
  
  Sales of smartwatches should more than triple in the next few years, analyst firm IDC predicts, though they still don't look as essential as phones.
  
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• Getting into the IoT game? Your business needs a well-defined use case first

  15-09-2016 21:26 via techrepublic.com
  
  IoT has been billed as "the next big thing" for several years; however, when executed poorly, IoT efforts can be distracting boondoggles.
  
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• Another Samsung Galaxy Note 7 up in smoke as users ignore recalls

  15-09-2016 21:11 via cnet.com
  
  Overheating batteries from a manufacturing flaw have been blamed for dozens of incidents, and Samsung is now exchanging the phones. But most people seem content with theirs despite the risks.
  
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• Microsoft's Azure Fabric Service on Linux demonstrates importance of hybrid infrastructure in IT

  15-09-2016 21:03 via techrepublic.com
  
  Microsoft recently announced a preview of its Fabric Service running on Linux, showing that integration of private and public cloud infrastructure is growing in importance to vendors and customer alike.
  
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• Apple shares hit 2016 high, bolstering Dow

  15-09-2016 21:00 via cbc.ca
  
  A three-per-cent rise in the share price of Apple shares helped send North American stock indexes higher on Thursday.
  
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• ​T-Mobile warns: Don't update your iPhone to iOS 10

  15-09-2016 21:00 via cnet.com
  
  A strong warning from a major US carrier is a black mark for Apple's latest software for iPhones and iPads.
  
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• iOS 10: Todo lo que debes saber del sistema operativo móvil de Apple

  15-09-2016 20:54 via cnet.com
  
  La nueva actualización trae varias novedades como la capacidad de ocultar los apps de fábrica y reactivar el teléfono cuando lo levantas. Aquí te contamos todo lo que tienes que saber de iOS 10.
  
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• Waffle the baby snake will make your life better in this viral video

  15-09-2016 20:38 via cnet.com
  
  Having a bad day? Watch this video of a Kenyan sand boa who loves his sandbox. Even if you don't like snakes, it will make you happy.
  
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• Wall Street rallies on lower rate-hike bets, Apple ascends

  15-09-2016 20:32 via news.yahoo.com
  
  Apple rose as much as 3.3 percent, giving the three major indexes their biggest boost, on news the first quantities of its iPhone 7 Plus were sold out globally. Data showed retail sales and industrial activity fell more than expected in August. Other reports showing a slowdown in job growth and a slump in manufacturing activity for the month further eased expectations for the Federal Reserve to raise rates at its meeting next week.
  
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• ​HTC Vive VR headset now available on Amazon

  15-09-2016 20:24 via cnet.com
  
  An important new sales channel will expose the $800 virtual reality gear to millions of buyers.
  
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• Warning: If you want an iPhone 7 Plus or jet black 7, don't line up at an Apple store

  15-09-2016 20:22 via cnet.com
  
  Apple's low supply of the new devices leaves many line sitters disappointed.
  
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• BMW makes charging even cheaper with new ChargeNow programs

  15-09-2016 20:16 via cnet.com
  
  The offer extends to EV and plug-in owners in major markets.
  
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• Bats & Supes: How Rob Lowe will save the world

  15-09-2016 20:16 via cnet.com
  
  Podcast: Now with added special guest! We roped CNET editor Iyaz Akhtar into joining us for one very strange, very weird special episode.
  
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• Camel smoker John Boehner joins Reynolds American's board

  15-09-2016 20:02 via news.yahoo.com
  
  Boehner retired from Congress last year after serving for four years as speaker of the U.S. House of Representatives. When Boehner left last year, incoming speaker Paul Ryan said he had to "detoxify the environment" in his predecessor's old office. Ryan famously quipped that the office smelled like a hotel room or rental car that had been smoked in.
  
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• Volkswagen backs new cybersecurity firm to protect connected cars and autonomous vehicles

  15-09-2016 19:46 via techrepublic.com
  
  The German automaker recently partnered with two Israeli technology companies to form a new firm that will protect against threats to future automobiles.
  
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• U.S. retail sales, factory output slump; third-quarter growth forecast cut

  15-09-2016 19:31 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - U.S. retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand that further diminishes expectations of a Federal Reserve interest rate increase next week. If the Fed is data dependent, then the next time a hike would likely come is December," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. The Commerce Department said retail sale
  
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• Toyota recalls 2016 Priuses for partially inflating airbags

  15-09-2016 19:24 via cnet.com
  
  No, Takata is not at fault.
  
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• Sell last gasoline car by 2035 to meet climate goals, study says

  15-09-2016 19:22 via cbc.ca
  
  The last gasoline-powered car will have to be sold by about 2035 to put the world on track to limit global warming to the most stringent goal set by world leaders last year, a study said on Thursday.
  
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• Activist Needmor calls on Wells Fargo to split Chair-CEO roles

  15-09-2016 19:10 via news.yahoo.com
  
  Activist investor Needmor Fund said on Thursday it filed a shareholder resolution with Wells Fargo & Co calling on the bank to split the roles of Chairman and Chief Executive, saying management needs strong oversight from the board "in light of the recent scandal" involving fake accounts. Both jobs are currently held by John Stumpf, and the bank defeated a similar resolution at its last annual meeting in April.
  
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• Lutron's smart home finds a musical match in Sonos

  15-09-2016 19:08 via cnet.com
  
  Here's what your smart home looks and sounds like when you combine Lutron, Sonos and Alexa.
  
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• Apple stock heads for best four days since 2014; short sellers flee

  15-09-2016 19:08 via news.yahoo.com
  
  Apple extended its Wall Street rally on Thursday, with enthusiasm over demand for its newest iPhone putting the stock on track for its strongest four-day streak in over two years and clobbering short sellers who bet against it. The newest fuel was Apple's announcement late on Wednesday that initial quantities of the iPhone 7 Plus have sold out globally. If the stock stays at that level through the end of the session, it will be its strongest four-day percentage increase since April 2014, when Ap
  
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• Wall Street marches higher with Apple, lower rate-hike odds

  15-09-2016 19:06 via news.yahoo.com
  
  Apple rose as much as 3.3 percent, giving the three major indexes their biggest boost after saying that the first stock of its iPhone 7 Plus was sold out globally. Data showed retail sales and industrial activity fell more than expected in August. The data followed a slowdown in job growth and a slump in manufacturing activity for the month and further cut the odds of the Federal Reserve raising rates at its meeting next week.
  
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• Exclusive: Central banks seek global standards in wake of Bangladesh heist

  15-09-2016 19:03 via news.yahoo.com
  
  By Jonathan Spicer and Tom Bergin NEW YORK/LONDON (Reuters) - The world's major central banks, stung by this year's $81-million heist in Bangladesh, have launched a task force to consider setting broad rules to protect the vast network of cross-border banking from cyber attacks, according to two sources with knowledge of the matter. The committee of central banks, part of the Bank for International Settlements (BIS) in Basel, Switzerland, set up the task force this summer. The task force could u
  
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• Smartwatch sales to hit $17.8 billion in 2020, but business use lagging

  15-09-2016 18:59 via techrepublic.com
  
  A new forecast from the IDC predicts significant smartwatch growth by 2020. This is good news for the industry after smartwatch sales dropped earlier this year.
  
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• Empire Co. profit falls from year ago as challenges in Western Canada persist

  15-09-2016 18:53 via cbc.ca
  
  Empire Co.'s interim president and CEO says much of the difficulties the company faced in the last financial year came from missteps in the integration of Safeway operations.
  
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• Empire Co. admits challenges from Safeway integration were 'self-inflicted'

  15-09-2016 18:53 via cbc.ca
  
  Empire Co.'s interim president and CEO says much of the difficulties the company faced in the last financial year came from missteps in the integration of Safeway operations.
  
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• Federal Reserve stress test may be illegal: banking group

  15-09-2016 18:52 via news.yahoo.com
  
  The paper from the Committee on Capital Markets Regulation, a not-for-profit organization whose members include executives from banks including Goldman Sachs Group Inc , JPMorgan Chase & Co , Wells Fargo & Co and UBS Group AG details the latest argument that banks could make if they sued the Federal Reserve over the tests. The report says that the Fed has likely not complied with the so-called Administrative Procedure Act which states that federal agencies must provide the public notice
  
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