TweakTown
Tech content trusted by users in North America and around the world
5,929 Reviews & Articles | 38,198 News Posts

TweakTown News

Refine News by Category:

Business, Financial & Legal Posts - Page 9

US Marshals bitcoin auction list targeted by spammers after leak

The email mistake from the US Marshals Service that led an email to be sent CC instead of BCC has resulted in at least a few people on the list receiving phishing emails. It's an unfortunate turn of events considering these type of basic email snafus shouldn't happen frequently, especially from a government agency.

 

TweakTown image news/3/8/38888_01_us_marshals_bitcoin_auction_list_targeted_by_spammers_after_leak.jpg

 

So far, the only victim appears to be Bitcoins Reserve, with CTO Jim Chen sending 100 bitcoins to someone he thought was company founder Sam Lee. Here is what Lee said in an email confirming the problem:

 

"As this attack vector was only successful due to an oversight in operations, the founders of Bitcoins Reserve will compensate the company by injecting an additional 100 bitcoins to ensure we're still effectively performing arbitrage for our investors."

Continue reading 'US Marshals bitcoin auction list targeted by spammers after leak' (full post)

Despite protests from cabbies, London rules Uber is perfectly legal

London's transport authority, TFL, has ruled that controversial smartphone taxi app Uber is perfectly legal, despite official protests from the UK capital's iconic black cab drivers.

 

TweakTown image news/3/8/38887_01_despite_protests_from_cabbies_london_rules_uber_is_perfectly_legal.jpg

 

London cab drivers voiced their concerns about the way smartphones running Uber operated - arguing that, in effect, they counted as meters that actively work out fees as the cars run. But TFL has dismissed these claims. "In relation to the way Uber operates in London, TfL is satisfied that based upon our understanding of the relationship between passenger and Uber London, and between Uber London and Uber BV, registered in Holland, that it is operating lawfully under the terms of the 1988 PHV(L) Act," spokesperson Leon Daniels said in a statement.

 

Even with the all-clear, Uber remains a controversial service, as cab drivers highlighted concerns about the safety of passengers with Uber vehicles. Their collective action in protest of the app brought parts of London to a standstill - but in an own goal, saw Uber user rates shoot up 850 percent.

Wozniak reveals just how difficult Steve Jobs was to work for

In a new interview, Apple co-founder Steve Wozniak has revealed just how outright difficult Steve Jobs could be, even in the earliest days of Apple.

 

TweakTown image news/3/8/38870_01_wozniak_reveals_just_how_difficult_steve_jobs_was_to_work_for.jpg

 

Some early Apple employees said they would never, ever work with Jobs again if they could help it - and Wozniak described these workers as some of the brightest and among his best friends in Apple. "Steve Jobs had a lot of these questionable things, like some of my very best friends in Apple, the most creative people who worked on the Macintosh, almost all of them said they would never, ever work for Steve Jobs again," Wozniak said, speaking with the Milwaukee Business Journal. "It was that bad. I'm shocked."

 

However, Woz went on to say that from the early days, Jobs really respected people who would stand up to his pushy attitude. "He would directly confront people and almost call them idiots," Wozniak said. "But ... when they confronted him back and told him why they were right in understandable forms, he was just testing and learning, and he would respect those people and give them high privileges in the company." In the interview, as BusinessInsider points out, Wozniak also revealed that in the early days, Jobs would be happy to rush products out before they were ready.

China gives green light to Lenovo's billion dollar IBM server buyout

Lenovo has got the green light to go ahead and buy IBM's low-end, x86 server business.

 

TweakTown image news/3/8/38868_01_china_gives_green_light_to_lenovo_s_billion_dollar_ibm_server_buyout.jpg

 

The January deal was subject to examination from the Chinese Ministry of Commerce's anti-monopoly group. Lenovo offered a stonking $2.3 billion for its stake into the low-end server market. It's expected to be finished before the year's through, but is still subject to the usual checks and balances from regulators in the United States.

 

There is a chance two enormous multinational corporations from such sensitive geopolitical territories could stoke fears about the potential for corporate or political espionage. But China, at least, has now given it the OK. Lenovo is well regarded for its consumer computers - and this business itself was a buyout from IBM, demonstrating that despite some paranoia in the West it's perfectly within reason for a Chinese company to perform well in the markets.

HTC One M8 smartphone has helped the company post a profit

HTC promised the world good things with its new flagship smartphone, the One M8, and now, it has delivered. The Taiwanese smartphone maker has just posted $92 million in profits from $2.2 billion in revenue this quarter.

 

TweakTown image news/3/8/38860_05_htc_one_m8_smartphone_has_helped_the_company_post_a_profit.jpg

 

After a very long period of time bleeding both sales and money, this is a good turn around for the company. Sure, it's not Samsung or Apple money, but it's profits instead of losses. And in an even more competitive world, this is a good sign for the company. The company recently launched the One M8 Ace, which has a plastic body, and the One Mini, which should help those profits a little more.

Most of Crytek's UK staff have stopped going to work

It wasn't even a week ago that we reported that Crytek wasn't paying some of its staff on time, but now according to people familiar with the matter, Crytek's UK office has seen the majority of its employees stop coming into work.

 

TweakTown image news/3/8/38858_01_most_of_crytek_s_uk_staff_have_stopped_going_to_work.png

 

Kotaku's Jason Schreier has "spoken with four people connected to Crytek's UK studio" and according to those people "Crytek's UK staff have still not been paid the full amounts they are owed, and this week, according to two sources, the staff at Crytek's UK office handed in formal grievance letters and went home".

 

One person familiar with the studio has said that an estimated 100 people have left the company, but we don't know if these people have left permanently or not. The new rumors are that Deep Silver, the studio behind Dead Island, the Metro series, Saints Row IV and Homefront: The Revolution (which the Crytek UK studio is currently working on) will buy Crytek. One source said: "They have invested a lot in Homefront and will want to protect their investment". We should see some movement on this story in the coming weeks.

Amazon resists FTC proposals on kids' in-app purchases

Electronic retail powerhouse Amazon is resisting proposals from the FTC concerning in-app purchases made by minors.

 

TweakTown image news/3/8/38847_01_amazon_resists_ftc_proposals_on_kids_in_app_purchases.jpg

 

According to the American regulator, thousands of customers have filed complaints about unauthorized in app charges. In some instances, these were in excess of hundreds of dollars. The FTC has claimed Amazon neglected to properly acquire informed consent from parents over the charges. The FTC argued notices about in-app purchases should be clearer, and that ideally a password would be required for each and every purchase. "The commission is focused on ensuring that companies comply with the fundamental principle that consumers should not be made to pay for something they did not authorize," an FTC spokesperson said, according to ZDNet. "Consumers using mobile devices have the same long-established and fundamental consumer protections as they would anywhere else." It was made mandatory for Amazon to obtain informed consent in June this year.

 

Amazon, however, is resisting the complaints. "When customers told us their kids had made purchases they didn't want, we refunded those purchases," said Amazon associate general counsel Andrew DeVore, adding that the app store "includes prominent notice of in-app purchasing, effective parental controls and real-time notice of every in-app purchase."

Expect more commercials - Facebook just bought video ad firm Liverail

Facebook has announced its plans to buy one of the biggest video advert sellers in the world, LiveRail, shortly after introducing its video-only ads on the network.

 

TweakTown image news/3/8/38846_01_expect_more_commercials_facebook_just_bought_video_ad_firm_liverail.jpg

 

The price is hush hush at the moment, but LiveRail is responsible for automating video ad sales for massive clients like Major League Baseball and Dailymotion, AdAge reports. Because they're automated, publishers are able to simply upload whatever they've got into the LiveRail system, which then finds buyers in live auctions.

 

"When we started talking to the team at Facebook about how we could work together, it quickly became clear that we shared a vision for the future of digital advertising," Liverail's Mark Trefgarne said in an official blog post. "They believed, as we do, that publishers deserve a new generation of audience-aware advertising technology." What does this mean for the end-user? It's not 100 percent, but we'd wager Facebook users can expect to see a lot more video ad estate on their pages.

Goldman Sachs wants Google to unsend a 'highly confidential' e-mail

Goldman Sachs accidentally sent out an e-mail recently, which contained "highly confidential" information, to the wrong person. The investment banking firm is now requesting that Google somehow unsend the e-mail.

 

TweakTown image news/3/8/38838_04_goldman_sachs_wants_google_to_unsend_a_highly_confidential_e_mail.jpg

 

Reuters is reporting that a Goldman Sachs contractor was testing changes to the company's internal systems, in order to meet the requirements set out by the Financial Industry Regulatory Authority. The contractor then mistakenly sent out a client's confidential brokerage account information to someone's Gmail account, instead of the correct gs.com account.

 

This all happened on June 23, which means that whoever received the e-mail, has probably read it. But, Goldman Sachs wants to see its power used, pushing a US judge to issue a court order demanding that Google delete the e-mail, in order to protect itself, and its customer from further damages. Before Goldman Sachs went to court, the firm reached out to the Gmail account owner, but received no response.

Continue reading 'Goldman Sachs wants Google to unsend a 'highly confidential' e-mail' (full post)

Tech guru Tim Draper wins bitcoin auction, won't say how much he paid

More than 40 bidders were unable to keep Tim Draper, a Silicon Valley entrepreneur, from purchasing the entire lot of 30,000 bitcoins auctioned by the US government. Instead of just flooding the market with the bitcoins, Draper has teamed up with bitcoin exchange company Vaurum, and wants to expand cryptocurrency use worldwide.

 

TweakTown image news/3/8/38834_01_tech_guru_tim_draper_wins_bitcoin_auction_won_t_say_how_much_he_paid.jpg

 

"With the help of Vaurum and this newly purchased bitcoin, we expect to be able to create new services that can provide liquidity and confidence to markets that have been hamstrung by weak currencies," Draper said in a statement. "We want to enable people to hold and trade bitcoin to secure themselves against weakening currencies."

 

The seized bitcoins were valued near $19 million, and Draper won every single lot - but won't say how much he spent to dominate the auction.

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases