5:04 PM
It is nice that the US Treasury has already made a $16.4 billion profit on the shares it got of Citigroup when it guaranteed a pool of Citi's assets. The government ended up not having to make *any* payments on the guarantee and still owns 12.4% of Citi that it can sell for future profits:
http://www.reuters.com/article/idUSTRE68T65K20100930
DARPA is giving manufacturing equipment to 1,000 high schools to inspire a new generation of defense manufacturers:
http://www.popsci.com/technology/article/2010-09/seeking-new-defense-tech-darpa-turns-high-schoolers
More than 60 people have been charged for using a computer virus to steal millions from bank accounts throughout the US. The malware used is sent via e-mail and records keystrokes of users as they log in to online bank accounts. About $4 million was stolen in the US and more than $9 million was stolen in England. It is crazy that hackers can buy crimeware kits for things like this for as little as $700:
http://www.latimes.com/business/la-fi-cyber-scam-20101001,0,4882844.story
UK-based law firm chief publicly messed with hacking group 4chan, so 4chan hacked their website and obtained their completely unencrypted database of e-mails about the 5,300 British citizens that they are representing and published it. The law firm may be fined $800k for their failure to protect data, and their clients have been permanently embarrassed by having their online porn cases exposed:
http://www.infoworld.com/d/adventures-in-it/you-dont-mess-rogue-hackers-4chan-515?page=0,1
Russian software developer has cracked the encryption scheme that is supposed to keep BlackBerry data safe:
http://www.infoworld.com/t/mobile-device-management/you-can-no-longer-rely-encryption-protect-blackberry-436
Microsoft sued Motorola and brought a complaint before the ITC, alleging that Motorola's Android phones infringes on their smartphone patents. Microsoft has been telling smartphone manufacturers that they should choose Windows Phone 7 instead of Android because of IP issues and related costs if they go with Android...this lawsuit may benefit Windows Phone 7 if they can convince companies to make Windows Phone 7 phones instead of Android phones:
http://news.cnet.com/8301-13860_3-20018305-56.html
Fisher-Price recalled more than 11 million children's items, with more than 7 million of those items being tricycles that have "ignition keys" that can seriously injure kids:
http://www.latimes.com/business/la-fi-1001-fisher-price-20101001,0,4202241.story
http://www.reuters.com/article/idUSTRE68T65K20100930
DARPA is giving manufacturing equipment to 1,000 high schools to inspire a new generation of defense manufacturers:
http://www.popsci.com/technology/article/2010-09/seeking-new-defense-tech-darpa-turns-high-schoolers
More than 60 people have been charged for using a computer virus to steal millions from bank accounts throughout the US. The malware used is sent via e-mail and records keystrokes of users as they log in to online bank accounts. About $4 million was stolen in the US and more than $9 million was stolen in England. It is crazy that hackers can buy crimeware kits for things like this for as little as $700:
http://www.latimes.com/business/la-fi-cyber-scam-20101001,0,4882844.story
UK-based law firm chief publicly messed with hacking group 4chan, so 4chan hacked their website and obtained their completely unencrypted database of e-mails about the 5,300 British citizens that they are representing and published it. The law firm may be fined $800k for their failure to protect data, and their clients have been permanently embarrassed by having their online porn cases exposed:
http://www.infoworld.com/d/adventures-in-it/you-dont-mess-rogue-hackers-4chan-515?page=0,1
Russian software developer has cracked the encryption scheme that is supposed to keep BlackBerry data safe:
http://www.infoworld.com/t/mobile-device-management/you-can-no-longer-rely-encryption-protect-blackberry-436
Microsoft sued Motorola and brought a complaint before the ITC, alleging that Motorola's Android phones infringes on their smartphone patents. Microsoft has been telling smartphone manufacturers that they should choose Windows Phone 7 instead of Android because of IP issues and related costs if they go with Android...this lawsuit may benefit Windows Phone 7 if they can convince companies to make Windows Phone 7 phones instead of Android phones:
http://news.cnet.com/8301-13860_3-20018305-56.html
Fisher-Price recalled more than 11 million children's items, with more than 7 million of those items being tricycles that have "ignition keys" that can seriously injure kids:
http://www.latimes.com/business/la-fi-1001-fisher-price-20101001,0,4202241.story