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GE unveils customized cloud service in industrial data push

The logo of US conglomerate General Electric is pictured at the company's site in BelfortGeneral Electric Co said on Wednesday it is developing a cloud-based service tailored for industrial customers, the latest step in the U.S. conglomerate's effort to gain business from data generated by machines. GE Chief Executive Jeff Immelt has bet on developing analytics and software for customers of the company's jet engines, power-generating turbines, healthcare equipment and other industrial products. "You just look at the consumer world, you get jealous at the speed at which you can easily and quickly gain access to applications," Bill Ruh, vice president of GE software, said in an interview.

08/05/2015 12:02 AM

Alibaba pins U.S. growth hopes on Goldman's China rainmaker

The logo of Alibaba Group is seen inside the company's headquarters in HangzhouAlibaba Group Holding Ltd is hoping a Canadian Olympic gold medallist once tipped to be the next chief executive of Goldman Sachs Group Inc will help them make it big in the United States. Michael Evans, who turns 58 this month, retired from the U.S. investment bank in 2013, having forged a reputation as one of the most prolific deal makers in Alibaba's native China during a seven year stint in Hong Kong between 2004 and 2011. "Evans was Mr China back when he was at Goldman," said Eugene Tan, head of Asian Investment Banking at Oppenheimer Investments Asia limited.

08/05/2015 03:07 AM

Motorola receives $1 billion investment from Silver Lake: NYT

A woman takes a picture in front of a Motorola logo before the worldwide presentation of the Moto G mobile phone in Sao PauloMotorola hopes Silver Lake will help accelerate its transition from selling only radios that police officers, fire departments and other emergency workers use, to a broader emergency communications platform, the newspaper reported. The investment, a so-called private investment in public equity, or PIPE, is in the form of debt that can be converted into common stock. Two top Silver Lake executives, Egon Durban and Greg Mondre, will join Motorola's board as part of the deal Motorola plans to announce on Wednesday, the newspaper said.

08/05/2015 02:21 AM

Apple's momentum 'meltdown' bites investors

An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York CityBy Saqib Iqbal Ahmed NEW YORK (Reuters) - Has the "curse of the Dow" finally caught up with Apple? The recent declines have wiped out nearly $100 billion of Apple's market value - about as much as fellow Dow components Boeing and McDonald's are worth in total.

08/04/2015 05:12 PM

China to put security teams in major Internet firms, websites

A map of China is seen through a magnifying glass on a computer screen showing binary digits in SingaporeChina is planning to set up "network security offices" in major Internet companies and for websites so authorities can move more quickly against illegal online behavior, the Ministry of Public Security said in a statement. Police should take a leading role in online security and work closely with Internet regulators, the deputy minister, Chen Zhimin, told a conference in Beijing on Tuesday. "We will set up 'network security offices' inside important website and Internet firms, so that we can catch criminal behavior online at the earliest possible point," Chen said, according to the statement.

08/05/2015 01:39 AM

Harman says car hacking risk restricted to Fiat Chrysler

A new Fiat Chrysler Automobiles sign is pictured after being unveiled at Chrysler Group World Headquarters in Auburn Hills, MichiganHarman International Industries Inc, which supplies car infotainment systems to Fiat Chrysler Automobiles NV and many other manufacturers, said the hacking risk that led to the recall of 1.4 million Chrysler vehicles last month seemed to be restricted to the Italian-American automaker. "We do not believe this problem exists in any other car outside of Fiat Chrysler," Harman Chief Executive Dinesh Paliwal said in an interview with Reuters on Tuesday. Harman Kardon-branded infotainment products are part of Fiat Chrysler's Internet-connected Uconnect telematics system, a collection of driver aids and entertainment services.

08/04/2015 04:32 PM

Samsung Pay makes its way to smart TVs
08/05/2015 03:34 AM

LG thinks yesteryear with its new Wine Smart handset

LG thinks yesteryear with its new Wine Smart handsetNew Android smartphone sports a clamshell design and physical alphanumeric keyboard.

08/05/2015 02:59 AM

3D printed circular saw is smaller than a thumbnail
08/05/2015 02:32 AM

South Korea pushes policy for public sector to use local servers and storage

South Korea pushes policy for public sector to use local servers and storageSouth Korea is moving to implement a policy that will have the public sector give preferential treament to local storage and server vendors over foreign counterparts starting next year to boost the market.

08/05/2015 02:27 AM

Toshiba CEO apologizes to Japan PM office for accounting scandal

Man walks past logo of Toshiba Corp at electronics store in TokyoToshiba Corp's chief executive apologized to Prime Minister Shinzo Abe's office on Wednesday after revelations of wide-spread accounting irregularities at the industrial conglomerate embarrassed government efforts to improve the country's corporate governance. Masashi Muromachi, interim CEO, met with an aide to Abe and apologized for the "inconveniences caused", a company spokeswoman said. An independent inquiry last month found Toshiba had inflated its profits by $1.2 billion over several years.

08/05/2015 02:25 AM

This new Xbox One hard drive looks like a cute little console

This new Xbox One hard drive looks like a cute little consoleStoring digital games is becoming a big problem for console owners — so much so that both Microsoft and Sony have released beefed up, 1TB versions of their home consoles. If you don't want to buy a whole new console, though, Seagate might have just what you're looking for with its new Game Drive for Xbox, a 2TB hard drive designed to work with both the Xbox One and 360. Announced today at Gamescom 2015, the drive will cost you $109.99, and utilizes USB 3.0 for what the company describes as "an easy plug-and-play connection." Of course, Seagate's new hard drive is far from the only option, but it differentiates itself in one key way: it looks great.

08/05/2015 01:31 AM

Electronic voting will eventually replace postal ballots: NSWEC CIO

Electronic voting will eventually replace postal ballots: NSWEC CIONSW Electoral Commission CIO Ian Brightwell has hinted that the agency is looking to move postal voting completely onto its electronic voting platform.

08/05/2015 01:21 AM

Balance security and convenience with Windows 10's Wi-Fi Sense

Balance security and convenience with Windows 10's Wi-Fi SenseWith Windows 10, the feature Wi-Fi Sense is on by default, so it's important that you know what it does and how it works.

08/05/2015 01:15 AM

Razer stuffs colored lighting into more gaming keyboards and keypads
08/05/2015 01:00 AM

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