Business news

• YouTube hires Lyor Cohen, hip-hop heavyweight, to run music

  28-09-2016 23:59 via cnet.com
  
  Google's massive video site brings in a heavy hitter to swing hard against Spotify and Apple and help YouTube navigate a tense time with the record industry.
  
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• Citigroup becomes last big U.S. bank to join payments network

  28-09-2016 23:51 via news.yahoo.com
  
  Citigroup Inc on Wednesday became the last of the big U.S. banks to agree to allow customers to send instant payments by mobile phone over an industry network that is competing with upstart Venmo. Citigroup said in a statement that it will begin offering the service early next year over the clearXchange network. ClearXchange has emerged as the industry's rival to Venmo, a non-bank payment service of PayPal Holdings Inc, which is winning fans among young adults who use it to split apartment rents
  
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• Are There Benefits To Acne? Study Shows Those With Pimples Can Actually Live Longer And Delay Wrinkles

  28-09-2016 23:44 via ibtimes.com
  
  Teens with flawless skin may be the envy of their peers, but those who are prone to acne may actually have the upper hand. In a cruel irony, acne-inflicted skin cells have a better built-in defense against aging that may lead to longer lasting skin, according to a study published Wednesday in the Journal of Investigative Dermatology.
  
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• Google Express shopping service expands delivery coverage on the East Coast

  28-09-2016 23:40 via cnet.com
  
  More residents in the Northeast can now sign up for Google's two-day delivery program.
  
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• Elon Musk's Mars metropolis: Insane but not impossible

  28-09-2016 23:38 via cnet.com
  
  Commentary: SpaceX has advanced a vision of a city built on Mars as soon as the 2060s, but a galaxy of technical, ethical, legal and other questions need to be answered first.
  
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• Laurentian Bank to cut 300 jobs

  28-09-2016 23:30 via cbc.ca
  
  The Montreal-based bank says the majority of job posts being cut will not be through layoffs, but through attrition.
  
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• Here's What Apple CEO Tim Cook Has To Say About Blackberry Quitting The Phone Hardware Business

  28-09-2016 23:28 via ibtimes.com
  
  Early Wednesday, Blackberry Limitedannounced it would be outsourcing hardware development to its partners and focus on software and services. Later in the day, Apple CEO Tim Cook shared his thoughts on the Blackberry announcement while announcing a deal with consulting firm Deloitte.
  
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• Will Amazon Start In-Home Delivery Services? Online Retail Commerce Giant Reportedly Working With Partners On Smart Delivery

  28-09-2016 23:03 via ibtimes.com
  
  Stolen delivery packages left at doorsteps could be a thing of the past thanks to an in-home delivery service Amazon is rumored to be working on. The online commerce giant, which beat out all online retailers when its apparel sales reached $16.3 billion last year, may strengthen their edge by offering in-home delivery.
  
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• Facebook's annual software fest F8 kicks off April 18

  28-09-2016 23:00 via cnet.com
  
  The social network usually saves its biggest announcements for the event, where CEO Mark Zuckerberg holds court in front of an army of web developers. So expect lots of in-the-weeds stuff, too.
  
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• Paid Maternity Leave In The US: This Muslim Country Offers Better Compensation

  28-09-2016 22:52 via ibtimes.com
  
  Being pregnant can be a beautiful time in a women’s life, but many times the true joy comes when she gets to hold her child and spend time with the newborn. Employed women from the United Arab Emirates (UAE) will finally get to enjoy that same experience for an extended period of time following the creation of a new law Wednesday that allows them to take a three-month paid maternity leave.
  
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• VW CEO: Hopeful for deal with U.S. authorities by end of the year

  28-09-2016 22:41 via news.yahoo.com
  
  Volkswagen AG Chief Executive Matthias Mueller said on Wednesday he is hopeful the German automaker can reach agreement by the end of the year with the U.S. government on the size of a fine to settle a criminal investigation of the company's alleged violations of U.S. clean air laws. Mueller, speaking on the sidelines of the Paris auto show, said he also sees “good progress” toward an agreement with U.S. regulators that could allow Volkswagen to repair certain 3.0 liter diesel engine
  
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• T-Mobile regala datos para usar en el extranjero hasta finales de año

  28-09-2016 22:40 via cnet.com
  
  La operadora extenderá hacia finales del año su oferta veraniega de datos ilimitados gratis para personas que viajen a Sudamérica y Europa.
  
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• Houseparty App For iOS And Android Lets You Group Video Chat With Your Friends

  28-09-2016 22:36 via ibtimes.com
  
  The makers of Meerkat, the popular video streaming app, have announced a new app called Houseparty, which lets you group video chat when “you and your friends are in the app at the same time.” 
  The Houseparty app was under a pseudonym for at least 10 months, and has more than 1 million users, according to the Verge. The company —whose original name is Life on Air —is located in San Francisco.
  
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• Twitter's Moments can now be made by everyone

  28-09-2016 22:34 via cnet.com
  
  The social network makes the storytelling feature available to all users.
  
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• OPEC agrees modest oil output curbs in first deal since 2008

  28-09-2016 22:34 via news.yahoo.com
  
  OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. "OPEC made an exceptional decision today ... After two and a half years, OPEC reached consensus to manage the market," said Iranian Oil Minister Bijan Zanganeh, who had repeatedly clashed with Saudi Arabia during previous meetings. OPEC estimates its current output at 33.24 million bpd.
  
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• Blood Sugar Control: Type 1 Diabetes Help, FDA Approves Medtronics MiniMed 670G Artificial Pancreas

  28-09-2016 22:32 via ibtimes.com
  
  The U.S. Food and Drug Administration announced approval Wednesday of the first device to automatically monitor blood sugar levels and provide appropriate insulin doses.
  The Medtronics MiniMed 670G artificial pancreas is approved for people 14 years of age and older with type 1 diabetes.
  
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• U.S. approves Boeing, Lockheed fighter jet sales to Gulf: sources

  28-09-2016 22:26 via news.yahoo.com
  
  The United States has begun notifying lawmakers that it has approved $7 billion in long-stalled sales of Boeing Co fighter jets to Kuwait and Qatar, two sources familiar with the decision said on Wednesday. The Obama administration also approved the sale of F-16 fighter jets built by Lockheed Martin Corp to Bahrain, defense consultant Loren Thompson wrote on the Forbes magazine website. The sales had been pending for more than two years amid concerns raised by Israel, Washington's closest Middle
  
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• The security tsunami of the Internet of Things is coming, are you ready?

  28-09-2016 22:19 via techrepublic.com
  
  Intel Security's Scott Montgomery took the stage at Structure Security to explain some of the core security and privacy challenges that are coming with the Internet of Things.
  
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• Ryder Cup 2016 Betting Odds, Prediction: Can USA End Europe’s Dominance With A Win At Hazeltine?

  28-09-2016 22:17 via ibtimes.com
  
  Despite winning just one of the last seven Ryder Cups, the United States head into the 2016 Ryder Cup as favorites to get the better of Europe for only the second time since 1999. As so often in recent years, however, the big question remains whether the U.S. can turn its greater individual pedigree into a victory over three days of golf’s ultimate team competition.
  
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• ‘Agents Of SHIELD’ Season 4 Spoilers: Episode 3 Synopsis Released; What Will Happen In ‘Uprising’? [VIDEO & PHOTOS]

  28-09-2016 22:17 via ibtimes.com
  
  An agent is in trouble on “Marvel’s Agents of S.H.I.E.L.D.” After that mysterious substance infected May, she started to go crazy. The new director decided to handle it by sending her away in a straight jacket. The agents will need to keep her alive if they want to save her in Season 4, episode 3.
  
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• Dallas Cowboys vs. San Francisco 49ers 2016: Early Prediction, Betting Odds, Preview For NFL Week 4

  28-09-2016 22:14 via ibtimes.com
  
  The Dallas Cowboys (2-1) look to continue their surprising start to the season despite several injuries to key players while the San Francisco 49ers (1-2) look to snap a two-game slide and seek some defensive presence when the rivals clash in Week 4 Sunday afternoon at Levi’s Stadium in Santa Clara, California.
  While the Cowboys have looked sharp behind rookie quarterback Dak Prescott and are coming off an excellent 31-24 victory performance over Chicago, head coach Jason Garrett could be
  
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• ‘Fantastic Beasts And Where To Find Them’ Trailer: 7 Things You May Have Missed In The New Promo

  28-09-2016 22:12 via ibtimes.com
  
  A third trailer for the film adaptation of J.K. Rowling’s “Fantastic Beasts and Where to Find Them” novel surfaced online Wednesday. The promo teases new aspects of the film not previously explored, this making it a must-see for fans of the Wizarding World.
  
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• Why Are Pakistan And India Fighting? Nuclear War Threatened After Kashmir Attack At Uri Military Base

  28-09-2016 22:11 via ibtimes.com
  
  India and Pakistan were exchanging heavy gunfire Wednesday as the potential for using nuclear weapons in the ongoing conflict moves closer to becoming an apparent reality amid the impending threat of an all-out war between the neighboring nations. The animosity comes more than a week after an Indian military base was attacked Sept. 18, killing nearly 20 soldiers.
  
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• Understanding Android's balance between openness and security

  28-09-2016 21:52 via techrepublic.com
  
  At the 2016 Structure Security conference, Google's Adrian Ludwig talked about the balance between keeping Android as open as possible, while also keeping it secure.
  
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• Och-Ziff unit to plead guilty in U.S. bribe probe - sources

  28-09-2016 21:50 via news.yahoo.com
  
  Och-Ziff Capital Management Group LLC will pay $400 million and a subsidiary will plead guilty to resolve U.S. probes into its involvement in bribes paid to African officials, two people familiar with the matter said on Wednesday.In a deal expected to be announced on Thursday, the largest publicly traded U.S. hedge fund firm will enter a deferred-prosecution agreement with the U.S. Department of Justice while a subsidiary will plead guilty, the sources said. The payment will also resolve a relat
  
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• Redstone's National Amusements to call on CBS, Viacom to explore merger -sources

  28-09-2016 21:40 via news.yahoo.com
  
  Sumner Redstone's National Amusements Inc is preparing to call on CBS Corp and Viacom Inc to explore a merger, two people familiar with the matter said on Wednesday. National Amusements is the controlling shareholder of both media companies, which separated from each other 10 years ago. A merger would give Viacom, whose networks include Comedy Central, Nickelodeon and MTV, a seasoned media executive at the helm with CBS CEO Leslie Moonves at a time when its TV ratings and ad revenue have been in
  
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• NASA Warnings About Climate Change Hit Home: Kennedy Space Center Threatened By Rising Sea Levels

  28-09-2016 21:39 via ibtimes.com
  
  Climate change is perhaps one of the most dangerous threats to the future of American space flight, as it turns out. Alongside some of the more banal concerns that face NASA on a regular basis (like budgetary allowances) and those events that are a bit less common (rockets blowing up, for instance) is the steadily rising nearby sea and the increased likelihood of intense storms brought on by global warming.
  
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• How Legal Marijuana Funds Education: Colorado Taxes Go To Prevent Bullying

  28-09-2016 21:35 via ibtimes.com
  
  Students in Colorado may soon have new alternatives to prevent bullying thanks to all the money the state is planning to dish out to schools from the surplus marijuana tax revenue. Colorado’s Department of Revenue reported marijuana sales peaked at nearly $98.6 million by May and reached up to $117.4 million in June.
  
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• Mercury Is The Only Other Planet In Our Solar System To Have Quakes

  28-09-2016 21:34 via ibtimes.com
  
  A new study looking at the cliffs on Mercury’s surface has made a game-changing discovery: the tiny planet has quakes. This makes Mercury, the closest planet to the sun, the only other planet in our solar system to be tectonically active.
  
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• Government Shutdown 2016 Update: Will Flint Water Deal Stop Budget Crisis?

  28-09-2016 21:32 via ibtimes.com
  
  UPDATE: 3:50 p.m. EDT — The Senate passed Wednesday, 77-21, a stopgap spending bill that would fund the government through Dec. 9. The bill now goes to the House for approval, which would need to come before a midnight Friday deadline to prevent the federal government from shutting down.
  
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• Meek Mill vs. Drake Beef: Nicki Minaj Is The Reason For Drake Feud Claims Beanie Sigel

  28-09-2016 21:29 via ibtimes.com
  
  If talking about Meek Mill’s lyrics got him in trouble, Beanie Sigel’s latest comments will likely give him an even bigger problem.
  During a recent appearance on the podcast “Tax Season,” Beans found himself talking about the Drake and Meek Mill beef and said he believes the feud between the two started over Meek’s girlfriend, Nicki Minaj.
  
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• A Pokemon Go guide infected thousands of phones

  28-09-2016 21:26 via techrepublic.com
  
  "There's no surprise that an app as popular as Pokemon Go has spawned associated malware," said Tim Erlin, senior director of IT security and risk strategy for Tripwire.
  
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• ‘Dance Moms’ Spoilers: Abby Lee Miller Makes A Shocking Decision In Episode 27, ‘Mini Mayhem’

  28-09-2016 21:10 via ibtimes.com
  
  The last viewers saw Abby Lee Miller the elite team mothers told her if she didn’t want to teach their daughters anymore, she only need to say the word. Well, the promo for next week’s “Dance Moms” looks like she’s made her decision. 
  
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• Clown Sightings 2016: Florida Residents Spot Bozo In Woods Of Palm Bay, Marion County

  28-09-2016 21:09 via ibtimes.com
  
  A creepy clown sighting has been reported in the South once again, this time in Florida. While two of the clowns were recently spotted in the Palm Bay area, one was spotted in Marion County, Fox News reported Wednesday.
  
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• Wall Street rallies as OPEC reaches output deal

  28-09-2016 21:08 via news.yahoo.com
  
  The energy index jumped 4 percent and was set to have its best day since January after OPEC sources said the group has reached a deal to limit crude output at its policy meeting in November. "The energy sector has been the biggest drag on earnings for the past year and a half or two years, and if you can get some stability there, all of a sudden earnings start to look a lot better," said Mark Kepner, managing director at Themis Trading in Chatham, New Jersey. Shares of Caterpillar Inc, which sel
  
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• 'Lion King' Remake Cast: Dream Actors For All The Major Roles In Jon Favreau's Live-Action Reboot

  28-09-2016 21:07 via ibtimes.com
  
  The king has returned.
  
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• New England Patriots vs. Buffalo Bills 2016: Prediction, Betting Odds For NFL Week 4

  28-09-2016 21:03 via ibtimes.com
  
  Four days before the New England Patriots are back in action, it’s unknown who will start at quarterback. As Tom Brady serves the final game of his suspension, Jimmy Garoppolo is still recovering from a sprained AC Joint and Jacoby Brissett is less than a week removed from injuring his thumb.
  
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• TSX and loonie higher as oil climbs on OPEC deal

  28-09-2016 20:53 via cbc.ca
  
  An agreement by OPEC to cut oil production helped push oil prices, along with the loonie and the S&P/TSX Composite Index, higher on Wednesday.
  
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• OPEC reaches first deal to cut oil output since 2008 - sources

  28-09-2016 20:53 via news.yahoo.com
  
  By Rania El Gamal and Alex Lawler ALGIERS (Reuters) - OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. Two sources in the Organization of the Petroleum Exporting Countries said the group would reduce output to 32.5 million barrels per day from current production of 33.24 million bpd. How much each country will produce is to be decided at the next f
  
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• Wells Fargo plans to eliminate sales goals sooner than planned

  28-09-2016 20:52 via news.yahoo.com
  
  On Tuesday, Wells Fargo said CEO John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices. Stumpf will appear before the House Financial Services Committee on Thursday.
  
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• Apple Music ranks No. 1 in new J.D. Power survey

  28-09-2016 20:50 via cnet.com
  
  Apple was late to the streaming party but is first to the top in J.D. Power's inaugural customer satisfaction ranking of paid music services.
  
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• Oil soars 6 percent as OPEC reaches deal to limit output in November

  28-09-2016 20:48 via news.yahoo.com
  
  Oil prices jumped as much as 6 percent on Wednesday after OPEC sources said the group has reached a deal to limit crude output at its policy meeting in November, a source for the producer group said. Brent crude was up $2.76, or 6 percent, at $48.73 a barrel by 2:28 p.m. EDT (1820 GMT), after reaching a more than two-week high of $48.96. U.S. West Texas Intermediate (WTI) crude rose by $2.35, or 5.4 percent, to $47.02, peaking at $47.45, its highest since Sept 8.
  
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• Oil surges 6% on OPEC agreement, but analysts skeptical of sustained rally

  28-09-2016 20:38 via cbc.ca
  
  Oil prices jumped as much as six per cent on Wednesday after OPEC sources told Reuters the group has reached a deal to limit crude output.
  
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• Oil jumps 6% as OPEC agrees to limit oil output at 32.5M barrels per day

  28-09-2016 20:38 via cbc.ca
  
  Oil prices jumped as much as six per cent on Wednesday after OPEC sources said the group has reached a deal to limit crude output at its policy meeting in November.
  
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• IdeaFestival 2016: 5 ways to navigate uncertainty in the workplace and use it to enhance creativity

  28-09-2016 20:30 via techrepublic.com
  
  New America think tank fellow Jamie Holmes explains how our human drive for certainty and closure impacts hiring decisions and creativity. She offers tips for effectively dealing with uncertainty.
  
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• No Man's Sky investigated over misleading advertising claims

  28-09-2016 20:20 via cnet.com
  
  One player of the action-adventure survival video game reports feeling misled "after seeing just how vastly different the trailers for No Man's Sky were from the actual released game."
  
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• IdeaFestival 2016: How we can use data to stop an impending pandemic health crisis

  28-09-2016 20:20 via techrepublic.com
  
  At IdeaFestival 2016, journalist Sonia Shah explained the history of pandemics, how and why they spread, and what we can use data to intervene before a major outbreak.
  
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• Apple deepens enterprise push with Deloitte partnership

  28-09-2016 20:11 via news.yahoo.com
  
  More than 5,000 Deloitte advisers will be included in the Apple initiative, the companies said. The consulting firm also launched EnterpriseNext, a program aimed at helping clients make better use of Apple products and services.
  
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• IdeaFestival 2016: Why science and tech need the humanities to create maximum value, explains MIT physicist

  28-09-2016 20:00 via techrepublic.com
  
  MIT's Alan Lightman explained how technology and the humanities must play powerful complementary roles in society, echoing ideas from Steve Jobs and Edwin Land.
  
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• 'Doctor Who' spinoff 'Class' gives school a funny, sexy sci-fi twist

  28-09-2016 19:59 via cnet.com
  
  The upcoming BBC series about teens attending Clara Oswald's Coal Hill School promises to be full of mystery and adventure.
  
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