Business > More stories

grab_that_cash

Instead of public sector non-jobbery, Martha, how about creating REAL entrepreneurs?

Worstall on Wednesday One of the general complaints about the British economy and its capitalism is that we don't seem to aim large. We are good at coming up with new ideas, we've even people who know how to make ideas work. Yet we very rarely seem to build up new entreprenurial companies that then go global. Why hasn't Britain (or even Europe?) …
Tim Worstall, 8 Apr 2015
911

FCC taps CenturyLink on shoulder, mumbles about a fine for THAT six-hour 911 outage

US comms regulator the FCC has fined CenturyLink $16m (£10.8m) for a network outage that left 11 million Americans unable to make 911 calls. CenturyLink made a $772m (£520m) profit in 2014. Last month, the watchdog charged Verizon $3.4m for its part in the downtime – and this week has smacked down the ISP and telco CenturyLink. …
Iain Thomson, 8 Apr 2015
Statue of Liberty

Non-American nerds jam immigration pleading for right to live in the US

Just one week after announcing it is once again accepting H-1B visa applications, the US Citizenship and Immigration Services (USCIS) has slammed the floodgates shut. H-1B visas are like Willy Wonka's golden tickets: they are granted to skilled foreigners – such as software engineers and other techies – allowing them to live and …
Shaun Nichols, 8 Apr 2015
Monty Python dead parrot sketch

Google-Twitter hookup rumours pushes up babble blog site's shares

+Comment Google is once again rumoured to be mulling over a potential takeover bid of micro-blabbing site Twitter. The latest speculative guff pushed shares in Twitter up nearly four per cent by the close of play on Tuesday as Wall Street appeared to respond favourably to the scuttlebutt. That rise in shares was the best performance the …
Kelly Fiveash, 8 Apr 2015

EU Commish mulls new bloc-wide rule on web content takedowns

The European Commission is considering creating an EU-wide complaint procedure for people whose websites are wrongly blocked by internet service providers. Justice Commissioner Věra Jourová said in a letter that “the Commission is analysing the need for a specific initiative on notice-and-action procedures to bring legal …

Google, Microsoft and Apple explain their tax tricks in Australia

Representatives of Google, Apple and Microsoft Australia today appeared before a hearing into Corporate Tax Avoidance convened by the nation's Economics Reference Committee, and all struggled to explain just where the money goes or whether what they do is fair. All three also admitted, after being told they were permitted to do …
Burning copyright symbol. Photo by: Martin Fisch http://www.flickr.com/photos/marfis75/ on flickr"

Carrier club's copyright code off to ACMA

A day after Dallas Buyers Club won the right to get names and addresses of putative pirates in Australia, the Communications Alliance has sent its proposed piracy code off to for regulatory approval. The code – full name the Copyright Notice Scheme Code 2015 – has been submitted to the Australian Communications and Media …

Trustwave's off to Singapore as Singtel slurps security company

Singapore's dominant telco and aspiring services player, Singtel, has acquired Trustwave for about US$810m. Trustwave offers managed security services and the SpiderLabs ethical hacking research outfit, plus a range of network, content and endpoint security products. The company operates in 26 nations and has 1,200 people on the …

FTC: Hey, Network Solutions, time we had a chat about 'refunds'

The US Federal Trade Commission (FTC) has reached a settlement deal with web hosting provider Network Solutions over the latter's handling of customer refunds. The FTC had filed a complaint against Network Solutions arguing that the biz had been stiffing users on refunds given under its "30 Day Money Back Guarantee." The …
Shaun Nichols, 7 Apr 2015
Children cocaine advert

You. FTC. Get over here. Google is INVADING our children's MINDS – anti-ad campaigners

Think-of-the-children types are urging US watchdog the FTC to investigate Google's YouTube Kids app – claiming it insidiously influences the minds of precious little snowflakes with advertising. "YouTube Kids is the most hyper-commercialized media environment for children I have ever seen," commented Dale Kunkel, a professor of …
Iain Thomson, 7 Apr 2015

Mobile 4G spectrum investors actually spent $12.4m on walkie-talkie frequencies – US SEC

Americans were duped into buying duff radio frequencies for $12.4m that they had hoped to sell to cellphone networks for double-digit returns, a US financial watchdog has claimed. The Securities and Exchange Commission (SEC) has accused [PDF] Arizona-based Janus Spectrum of tricking investors into thinking they were acquiring …
Shaun Nichols, 7 Apr 2015
Roughly 150kg of gold

Private equity grabs Informatica for $5.3 BEEEEEELLION

Data management software player Informatica is now in the hands of private equity overlords, after an eye-watering $5.3bn buy-out was signed and sealed. It seems company execs were listening to activist investor Elliott Management, which owned 9.4 per cent of Informatica's shares, and some months back had called for the business …
Chris Mellor, 7 Apr 2015

Samsung and HTC: Gaze upon our EMBIGGENED numbers, pesky analysts

Cost-cutting and better-than-expected mobile shipments helped Samsung Electronics and HTC trash analysts' profit forecasts, according to both firms' unaudited Q1 data. Results from the Korean chaebol took a turn for the worse in 2014 as demand for its smartphones and tabs crashed, causing an inventory pile-up that proved costly …
Simon Rockman, 7 Apr 2015

Dailymotion staying VousTube thanks to Vivendi offer

Dailymotion, France's YouTube-botherer-in-chief, looks set to be bought by Vivendi after a Gallic government intervention. On Tuesday morning French media borg Vivendi confirmed it has made an offer for one of the world's biggest video-hosting websites, after news that Hong Kong-based telecoms company PCCW had pulled out of …

Turkey PM bans Twitter, YouTube as 'tools of terrorist propaganda'

Twitter and Google's YouTube faced another showdown with the Turkish government on Monday after court officials in the country temporarily blocked access to the micro-blabbing and video-sharing sites. The latest ban was imposed on the US companies following the death of prosecutor Mehmet Selim Kiraz, who was taken hostage and …
Kelly Fiveash, 7 Apr 2015
See No Evil Hear No Evil movie still

Wanna quote tweets without manual faff? HAVE AT IT, sez Twitter

Twitter has begun rolling out a new function on the micro-blabbing site which lets users add comments to retweeted messages without hitting the 140-character limit. Previously, inserting one's own remarks into a tweet meant having to copy and paste it into a new tweet and then add "RT" (retweet) or "MT" (modified tweet) to the …
Kelly Fiveash, 7 Apr 2015
management project5

Council of Europe: Don't spy on your staff, you naughty employers

Private electronic communications at work should not be monitored under any circumstances says the Council of Europe (not-an-EU-institution™). The organisation, which has 47 signatory countries, issued its latest recommendation on privacy at work to update its previous advice, which dates from 1989. You can't accuse them of …
management regulation2

THOUSANDS of alleged pirates' addresses to be handed to Dallas Buyers Club

A few thousand Australians will get a cease-and-desist of some kind from the owners of the film Dallas Buyers Club after local internet service provider (ISP) iiNet and its co-defendants lost a Federal Court case. As a result of the loss, Dallas Buyers Club LLC will be able to get the names and addresses of subscribers it …
Interim logo for Digital Transformation Office

Turnbull's digital transformation office DOES SOMETHING

Earlier today, your correspondent bemoaned the fact that Australia's nascent Digital Transformation Office (DTO) was announced ten weeks ago but appears to have done little in that time other than advertise for a leader. Fast-forward to around 15:00 Australian time and the agency has revealed that it has, indeed, done something …
tumbling dice

Pure Storage preps for IPO: report

Pure Storage has appointed Morgan Stanley, Goldman Sachs and Barclays Plc to ready it for an initial public offering (IPO), says Reuters. Citing people familiar with the financial footling as its source, the newswire says the company thinks the markets will toss over US$3bn in its direction some time later this year. Pure …
Malcolm Turnbull from ITU pictures flickr feed https://www.flickr.com/photos/itupictures/

Job ad appears for CEO of Turnbull's digital transformation office

Australia's Department of Communications has advertised for a chief executive officer of the nascent Digital Transformation Office (DTO). Applicants are expected to possess a “Strong track record of delivering transformational change in a customer-focussed, high volume and transactional environment using digital technology”, an …
Intel headquarters, Santa Clara

Intel: We came here to bury our Mobile chip business, not praise it

Intel says that beginning next week it will report its quarterly earnings in a slightly different way than it has previously, in a move that shields the chipmaker's poor-performing Mobile and Communications group from direct scrutiny. On Monday, Chipzilla officially unveiled its new financial reporting structure, which combines …

Feds ponder jamming journo comms in Australian Parliament

Canberra's appetite for security theatre could soon see comms blackouts in Parliament House as a response to terrorist threats. The proposal emerged by way of a briefing with the president of the press gallery, David Speers, who told Fairfax Media it's part of a plan to ramp up parliamentary security. As well as armed …
Sydney Opera House Hackathon logo

Liberal MP threatens journo with metadata probe

Mere weeks after Australia's government passed its metadata retention laws, a junior minister has - perhaps jokingly - threatened to use them against a journalist. The minister in question is Jamie Briggs, member for the South Australian seat of Mayo and assistant minister for infrastructure and regional development. Briggs …
Nvidia GeForce GTX 880M

Nvidia v Qualcomm, Samsung: Thumbs up from judge in patent row

Nvidia has won an important early victory in its ongoing patent litigation against Qualcomm and Samsung, with a judge in the US International Trade Commission ruling in Nvidia's favor as to the language of the disputed patents. "We're very pleased with the outcome of the ruling," Nvidia said in a Monday blog post, "in which …

Don't be stiffed by spies, stand up to Uncle Sam with your proud d**k pics – says Snowden

Vid One of the more unusual interviews with NSA whistleblower Edward Snowden left the fugitive reduced to describing freedom-chilling, globe-spanning spy programs in terms of sexy selfies. Youtube video The face-to-face chat was filmed in Moscow with British comedian John Oliver, host of Last Week Tonight, and focused on the …
Iain Thomson, 6 Apr 2015
Rotten apple

Samsung persuades US watchdog to review Smartflash legal dance over patents

Apple may end up getting a helping hand from its mega smartphone rival Samsung, after the South Korean electronics giant convinced US regulators to look at two Smartflash LLC patents. In February, Cupertino was ordered to pay nearly half a billion dollars to Texas-based patent licensing company Smartflash after a jury found that …
Kelly Fiveash, 5 Apr 2015
al franken

Al Franken to FBI: We need MORE revenge smut arrests

Prominent US Senator Al Franken is calling on the FBI to do more to fight "revenge porn" sites. Franken (D-MN), a member of the Senate Judiciary Committee, said in an open letter (PDF) to FBI director James Comey that he wants authorities to do more to track down and prosecute those who share imtimate photos without the subject' …
Shaun Nichols, 3 Apr 2015
Close-up of a woman's lips, slightly pixelated as if on a CRT TV

Keep snapping selfies, says Snapchat: Cops NEVER ask us for 'em

Images sent via self-destructing selfie service Snapchat may not disappear as reliably as it once advertised, but it turns out that if you want to post incriminating messages without them getting snooped by authorities, Snapchat is still a pretty good place to do it. That's based on the firm's first-ever transparency report, …
Chelsea Manning

Chelsea Manning sets up low-tech Twitter account from prison

After being held virtually incommunicado for more than three years, Chelsea Manning, WikiLeaks' first US military mole, has set up a Twitter account and relayed her first messages from inside Fort Leavenworth military prison. This is my new twitter account =P — Chelsea Manning (@xychelsea) April 3, 2015 I’m hoping to stay …
Iain Thomson, 3 Apr 2015

Big changes proposed to DNS overseer ICANN

Domain name overseer ICANN is likely to go through a radical reorganization if it wants to be given more control of critical internet functions, currently run under contract from the US government. Two recent papers - one from independent legal experts hired by a group looking into the contract's transitioning, and a second from …

US Senate to probe the Obama-Google love-in

The US Senate’s subcommittee on antitrust and competition will investigate why President Obama’s political appointees at the top of the FTC closed an investigation into Google. The American watchdog's own staff found sufficient evidence of wrongdoing to merit a prosecution – specifically, evidence of Google abusing its dominance …
Dianne Feinstein

Light the torches! NSA's BFF Senator Feinstein calls for e-book burning

Senator Dianne Feinstein is calling for a pair of controversial instructionals to be banned from the internet. Feinstein (D-CA) did not say exactly how she plans to scrub The Anarchist Cookbook and Inspire magazine from every server, desktop and notebook on the planet, but none the less she wants both titles pulled from …
Shaun Nichols, 2 Apr 2015
Beats Music The Sentence

Take a deep breath, Apple: Europe snaps on gloves for vigorous iTunes stream pat-down

Apple is once again in the headlights of oncoming government regulators, this time over its forthcoming iTunes music-streaming service. Reports from The New York Times and Wall Street Journal cite well-placed sources claiming the Cupertino idiot-tax operation is being scrutinized by the European Commission over its dealings with …
Shaun Nichols, 2 Apr 2015

Dot-com intimidation forces Indiana to undo hated anti-gay law

Indiana's politicians are racing to "clarify" the Religious Freedom Restoration Act (RFRA) that has caused such a kerfuffle in the state. Technology giants like Apple, Salesforce.com, Oracle, EMC, Pivotal, and Angie's List led the charge against the law, which would have allowed business owners to boot out customers who offended …
Iain Thomson, 2 Apr 2015

We're off to DC! Silicon Valley startups start up law lobbying machine

Analysis Fresh from pressuring politicians in Indiana, Arkansas and Arizona to backtrack on social policy, Silicon Valley is heading to Washington DC to push the startup mindset into public policy discussions. A group of VCs, including Napster founder Sean Parker and big name investor Ron Conway, have set up the Economic Innovation Group …

You want disruption? Try this: Uber office raided again, staff cuffed

An Uber employee has been arrested for allegedly obstructing a police raid in Amsterdam in the Netherlands earlier today (Thursday). The taxi-booking app is illegal in Euro nation – but the company behind the software has been running the service regardless, earning the ire of not only cabbies but also the authorities. Last …
Use google.com button

EU Commission looking for ways to DECLARE WAR on Google

Europe’s Competition Commissioner, Margrethe Vestager, looks like breaking with a five-year tradition of sucking up to Google by issuing the search giant with a Statement of Objections – the first step on a path to punitive measures. According to sources, the Google search dominance case is on the table for the meeting of all …
Fight sticker

'Oh great Commission, save us from the French' pleads Uber

Uber has filed three official complaints with the European Commission, a spokesman confirmed. The two latest actions are against France and Spain, where the ride-sharing service is banned. The third complaint was also made against France last year. The Commish refused to go into detail about the content of the complaints, simply …
South Korean flag. Pic: Republic of Korea

South Korea to NUKE Microsoft ActiveX

South Korea may have the world's best broadband, a vivid gaming culture and, in Samsung and LG, two very influential technology giants. But it also has one the world's weirdest online payment regimes because of its decision to mandate the obscure SEED cipher to secure online transactions. SEED doesn't play nice with SSL, but …

Cisco buys back alumni: wants to acquire Embrane

The Borg has followed up on its 2014 $US14 million investment in virtualisation business Embrane by announcing it intends to buy the business. In an announcement that partner-competitors like Citrix and VMWare will probably wish was an April Fool's release, Cisco said the acquisition will give it a team that lets it “move more …

Judge greenlights class-action suit accusing AMD of securities fraud

A US federal judge has given the green light for a class-action lawsuit accusing AMD of securities fraud over the chipmaker's alleged failure to inform investors of problems with its manufacturing. The suit, first filed in January 2014 and amended in June of that year, accuses AMD of willfully misleading investors by withholding …