28 August, 2014 by The TZ Newswire Staff Comments Off on Russian hackers said to loot gigabytes of big bank data
Russian hackers said to loot gigabytes of big bank data
Russian hackers attacked JPMorgan Chase and at least four other banks this month in a coordinated assault that resulted in the loss of gigabytes of customer data, according to two people familiar with the investigation.
28 August, 2014 by The TZ Newswire Staff Comments Off on Apple, Samsung face $3.9 billion wall to China sales
Apple, Samsung face $3.9 billion wall to China sales
Apple Inc. (AAPL) and Samsung Electronics Co. (005930) face a $3.9 billion challenge as they prepare to sell new marquee phones in the world’s biggest wireless market. China’s state-run wireless operators are slashing subsidies they pay to make devices more affordable for consumers just as the biggest phone-makers are set to introduce upgraded products. After China Mobile Ltd. (941) said it will cut subsidies by $2 billion, its competitors will lower payments by $1.9 billion, according to analysts’ estimates. China Telecom Corp. said yesterday it will cut spending without giving a figure.
28 August, 2014 by The TZ Newswire Staff Comments Off on Microsoft CEO Nadella to visit China amid antitrust probe
Microsoft CEO Nadella to visit China amid antitrust probe
Microsoft Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation into the world’s largest software company.
28 August, 2014 by The TZ Newswire Staff Comments Off on Boomer wealth depressed by mortgages poses U.S. spending risk
Boomer wealth depressed by mortgages poses U.S. spending risk
The share of Americans 65 and older with mortgage debt rose to 30 percent in 2011 from 22 percent in 2001, according to a May analysis by the Consumer Financial Protection Bureau based on the latest available figures. “There were old-fashioned beliefs probably 30 years ago” that included “you should pay off your house before you retire,” said Olivia Mitchell, executive director of the Pension Research Council at the University of Pennsylvania’s Wharton School in Philadelphia.
28 August, 2014 by The TZ Newswire Staff Comments Off on Americans’ pessimism on economy has grown
Americans’ pessimism on economy has grown
Americans are more anxious about the economy now than they were right after the Great Recession ended despite stock market gains, falling unemployment and growth moving closer to full health. Seventy-one …
28 August, 2014 by The TZ Newswire Staff Comments Off on Global stock markets muted, Qantas surges
Global stock markets muted, Qantas surges
TOKYO (AP) — Global stock markets were muted Thursday ahead of U.S. economic data and possible policy announcements from Japan.
28 August, 2014 by The TZ Newswire Staff Comments Off on Exclusive: Microsoft CEO Nadella to visit China amid antitrust probe – source
Exclusive: Microsoft CEO Nadella to visit China amid antitrust probe – source
Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation into the world’s largest software company. It is not clear if Nadella, who took over as Microsoft CEO in February, will meet with any Chinese government representatives as part of his visit, or try to resolve issues with the State Administration for Industry and Commerce (SAIC), one of China’s antitrust regulators.