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Updated: 17 weeks 6 days ago

US software developer caught outsourcing his job to Chinese developers

2013, January 18 - 07:54
US software developer caught outsourcing his job to Chinese developers

Security auditors of a US critical infrastructure firm were alarmed when they spotted frequent unexplained logins from China into the company's virtual private network.

The first thought that struck their minds was that a Chinese hacker was breaking into the company's network almost daily by using an employee's RSA key.

Fearing that a hacker from China had been stealing the company's secrets worth millions of dollars, the critical infrastructure company immediately called in Verizon investigators.

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Ofcom slaps Playboy with £100,000 fine for not restricting children from online porn

2013, January 18 - 07:48
Ofcom slaps Playboy with £100,000 fine for not restricting children from online

British communications regulator Ofcom has slapped Playboy with a hefty fine of £100,000 (around US$160,000) for failing to restrict children from accessing hardcore porn on its websites.

Ofcom said that Playboy failed to have acceptable controls on two of its websites, viz. Playboy TV and Demand Adult, to make sure viewers are over 18 years of age.

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A quick look at DmC: Devil May Cry

2013, January 15 - 11:32
 Devil May Cry

DmC (Devil May Cry) is a mind-blowing re-imagining of a Capcom series will allow players fit into the boots of popular protagonist Dante, but all set to be released new game is quite a departure from the past games.

Apart from redesigned Dante, players will experience that the new game is a slick, stylish, cool and a fast-paced affair too. Ninja Theory, well-known for its work on Heavenly Sword, has developed the new game and has successfully taken the franchise into a new direction.

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Facebook loses 600,000 UK users in December

2013, January 15 - 09:55
Facebook loses 600,000 UK users in December

Widely-popular social networking platform Facebook has reached its saturation point in the UK and will now suffer contraction in its user base, figures released by social media monitoring firm SocialBakers hinted.

According to newly released figures, Facebook lost around 600,000 users in the UK in December, giving a strong hint that the social networking site has reached its social limit in this country.

Nearly 1.86 per cent of the site's 33 million users in the UK did not log on in the final month of last year, showing that several are beginning to lose interest in the network.

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Google becomes one of the most prolific developers of iOS apps

2013, January 14 - 08:48
Google becomes one of the most prolific developers of iOS apps

Google has become one of the most prolific developers of apps for the rival iPhone and is still making efforts to expand its reach on the rival platform.

In November 2012, there were around 12 million unique users of a new Google-created YouTube app for Apple's iPhone in the US, and around 6.4 million unique users of its Google Search app. The figures placed the apps in the top 20 list of iPhone apps.

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Mercedes-Benz unveils small CLA

2013, January 14 - 08:45
Mercedes-Benz unveils small CLA

Renowned German luxury brand Mercedes-Benz on Sunday introduced its forthcoming CLA small sedan to the world, ahead of the North American International Auto Show in Detroit.

The new Mercedes-Benz CLA, which has been designed keeping up-&-rising Generation Y buyers in mind, is slightly smaller than the existing C-Class.

But, while the C-Class remains a conventional sedan, the new concept car features swoopy curved-back looks. The C-Class is the smallest car that Mercedes sells in the United States.

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Andrew ‘Bart’ Simpson looking forward to getting back in the Star

2013, January 12 - 08:12
Andrew ‘Bart’ Simpson looking forward to getting back in the Star

Andrew `Bart' Simpson, double Olympic medalist, has confirmed that he is looking forward to participate in racing at the London Boat Show.

Sailing and fine art will merge at the upcoming CNM Estates UK Star Championships, which will take place from January 18 to January 20 January.

Thirty-six-year-old Simpson will step into the Star keelboat with his best friend Iain Percy. It will be their first partnership since they won Olympic silver on Weymouth & Portland waters.

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US Dept. of Homeland Security Calls On PC users to disable Java

2013, January 12 - 08:07
US Dept. of Homeland Security Calls On PC users to disable Java

The U. S. Department of Homeland Security's Computer Emergency Readiness Team (US-Cert) Thursday night called on the computers users to disable Java after they discovered a new security hole in programming language that can allow cyber criminals to take remote control of the machine.

The warning emerged as the vulnerability is already being used by cyber criminals in "exploit kits" that can be used to commit online crimes like stealing someone's identity.

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Digital pen has right touch for old screens

2013, January 11 - 13:12
Digital pen has right touch for old screens

Responding to concerns over Windows 8 sales, Morgan Stanley on Thursday downgraded its recommendation on world's leading software firm Microsoft's stock.

Morgan Stanley downgraded its recommendation on Microsoft's stock to Equal Weight - the equivalent of a "hold" recommendation, from it's previously recommendation of Overweight - the equivalent of a "buy" recommendation.

In a research note, the investment banker said it didn't expect a near-term improvement in the global PC market, mainly because corporate sales would weaken.

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Jay Carney doesn’t rule out $1 trillion platinum coin

2013, January 10 - 13:50
Jay Carney doesn’t rule out $1 trillion platinum coin

White House Press secretary Jay Carney neither ruled out nor encouraged the idea of minting $1 trillion platinum coin to avoid default on the US debt.

When asked would President Obama mint $1 trillion platinum coin to avoid default on the US debt in case Republicans decline to hike the debt limit, Carney "Look, there is no plan B. There is no backup plan. There is no alternative to Congress raising the debt ceiling. Congress has to pay the bills of the United States."

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Morgan Stanley to cut 1,600 jobs in coming weeks

2013, January 10 - 07:13
Morgan Stanley to cut 1,600 jobs in coming weeks

Morgan Stanley, the sixth-largest U. S. bank by assets, is reportedly planning to cut as many as 1,600 jobs or 3 per cent of its entire workforce, at its investment banking unit in the coming weeks.

As per media reports on Wednesday, Morgan Stanley has plans to cut jobs at its institutional securities group, which includes the banking giant's investment banking and trading divisions.

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AIG to weigh if it should take part in shareholder lawsuit against government

2013, January 9 - 13:43
AIG to weigh if it should take part in shareholder lawsuit against government

American International Group (AIG) has announced that its board of directors would weigh if to the insurer should participate in a shareholder lawsuit against the government over its $182 billion bailout.

Former AIG Chief Executive Maurice Greenberg's investment firm Starr International Co. had filed the lawsuit in the U. S. Court of Federal Claims and District Court for the Southern District of New York in November 2011.

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U.S. oil production to reach record level in 2014

2013, January 9 - 12:34
U.S. oil production to reach record level in 2014

Daily oil production in the United States will reach the country's highest level next year since 1988, according to the U. S. Energy Information Administration's prediction.

According to the federal agency's prediction, the U. S. daily oil production will rise to average 7.9 million barrels per day in 2014. The figure represents an increase of 23 per cent from averaged 6.4 million barrels per day in 2012.

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Federal regulators hit $8.5bn mortgage foreclosure settlement with major banks

2013, January 8 - 13:17
Federal regulators hit $8.5bn mortgage foreclosure settlement with major banks

A total of ten lending giants, including Bank of America and JPMorgan Chase, on Monday hit an $8.5 billion mortgage foreclosure settlement deal with federal banking regulators.

The settlement, which concluded weeks of negotiations between the federal regulators and lenders, is intended to put an end to a troubled foreclosure review of several thousand of loan files that was directed by the regulators.

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Samsung reports record profit for Oct.-Dec. quarter

2013, January 8 - 07:48
Samsung reports record profit for Oct.-Dec. quarter

South Korean electronics giant Samsung has announced that it has pocketed a record profit in the in the three months through December 2012.

Samsung, the world's largest maker of mobile phones and TVs, expects that its widely popular Galaxy range of smartphones has allowed it to make an operating profit of 8.8 trillion won (around $8.3 billion) during the October-December quarter, up 90 per cent from the corresponding period of the previous year.

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Toshiba unveils 4K TVs, Cloud TV and Media Box at a pre-CES event

2013, January 7 - 06:49
Toshiba unveils 4K TVs, Cloud TV and Media Box at a pre-CES event

Consumer electronics giant Toshiba has introduced the world to its latest innovations: 4K TVs, Cloud TV and Media Box.

At a pre-CES event held at the Mandalay Bay hotel yesterday, Toshiba unveiled its L9300 series of TVs that marks the manufacturer's first foray into the US 4K TV space. This series will be made available in sizes of 58-inch,
65-inch and 84-inch in summer. Pricing will be disclosed before launch.

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Google largely emerges from FTC investigation unharmed

2013, January 5 - 07:09
Google largely emerges from FTC investigation unharmed

As had long been expected, Google largely emerged from the Federal Trade Commission (FTC) investigation unharmed.

The FTC had been investigating Google's business practices since mid-2011 to determine whether the company was abusing its dominance in search results to keep ahead of rivals. The FTC did uncover some questionable practices on the part of Google, but let it walked away without any major penalties.

However, Google suffered a considerable setback related to Motorola, which the Internet search giant had acquired in the midst of the investigation.

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Samsung continues to reign over U.S. mobile market

2013, January 4 - 06:53
Samsung continues to reign over U.S. mobile market

South Korean electronics giant Samsung continues to dominate the U. S. mobile phone market, the latest figures compiled by ComScore revealed.

In the three months ending November, Samsung grabbed 26.9 per cent of the U. S. mobile phone market. The figure represents a gain of 1.2 points from the preceding three-month period.

Cupertino, California-based tech giant Apple Inc. emerged at the second spot with 18.5 per cent share of the market. Apple also gained 1.4 points from the prior three-month period.

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Modern Internet celebrates its 30th birthday

2013, January 3 - 08:22
Modern Internet celebrates its 30th birthday

The modern Internet recently celebrated its 30th birthday. Thirty years ago, the TCP/IP communication protocol which the modern Internet is built on was adopted.

Putting together the TCP (Transmission Control Protocol) and IP (Internet Protocol) protocols allowed the transfer of information across the Internet. The TCP/IP communication protocol was co-invented by two American engineers, viz. Vint Cerf and Robert Kahn.

On January 1, 1983, Vint Cerf and his colleagues switched on the Internet.

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LG to start accepting pre-orders for 55-inch OLED TV in Korea from Jan. 3

2013, January 2 - 08:28
LG to start accepting pre-orders for 55-inch OLED TV in Korea from Jan. 3

LG will start accepting pre-orders for its much-awaited 55-inch OLED TV in South Korea in January and the deliveries will start in February, the South Korean electronics giant confirmed.

The manufacturer's more than 1,400 retail stores in South Korea will start accepting pre-orders for the TVs starting January 3. The 55-inch OLED (organic light-emitting diode) TV has been priced at 11 million won (around US$10,320) for the domestic market.

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