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Apple's iPhone sales beat Street but iPad volumes slide

The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave in New YorkBy Christina Farr and Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc forecast a strong holiday quarter after a better-than-expected 16 percent jump in iPhone sales, and the strongest growth in Mac computer shipments in years helped the company surpass Wall Street's targets. The company on Monday projected stronger-than-expected revenue of $63.5 billion to $66.5 billion in the December quarter, when new iPads and iPhones vie with rival devices from Microsoft Corp and Amazon.com Inc for consumers' holiday outlays. Shares of Apple rose 1.3 percent to about $101.10 in after-hours trade. ...


10/20/2014 05:48 PM

IBM struggles to reinvent itself in an age of cloud

Visitors walk past the IBM booth at the 9th China International Software Product & Information Service Expo in NanjingBy Marina Lopes WASHINGTON (Reuters) - When IBM Corp CEO Ginni Rometty was asked recently for her tips on how to transform companies, she spoke of "relentless reinvention" and not protecting the past. Applying those precepts to IBM is proving particularly tricky as many of the company's old-line businesses have already been shut down or sold, while the units that are supposed to push future growth, such as cloud and security, face stiff competition. Earlier on Monday, IBM reported a marked slowdown in business in September and abandoned its 2015 operating earnings target. ...


10/20/2014 07:02 PM

New Microsoft CEO pay tops $80 million with big stock awards

Microsoft CEO Nadella gestures during a Microsoft cloud briefing event in San FranciscoSEATTLE (Reuters) - Microsoft Corp's new Chief Executive Satya Nadella has become one the technology industry's biggest earners, with a total compensation package worth $84.3 million this year, according to a document filed with securities regulators on Monday. The outsize number is mostly made up of the estimated value of certain one-time stock awards given to Nadella, who became the company's third CEO in February. Most of it Nadella cannot actually receive until 2019. The massive stock awards, valued at $79. ...


10/20/2014 06:18 PM

China-backed hackers may have infiltrated Apple's iCloud: blog

Apple CEO Tim Cook looks at a new IMac after presentation at Apple headquarters in CupertinoBOSTON/BEIJING (Reuters) - Apple Inc's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the country's government is behind the campaign. Using a method called a "man-in-the-middle" (MITM) attack, unknown hackers interposed their own website between users and Apple's iCloud server, intercepting data and potentially gaining access to passwords, iMessages, photos and contacts, Greatfire.org wrote in its blog post. Greatfire. ...


10/20/2014 10:00 PM

IBM ditches 2015 operating EPS target, shares slump 7 percent

The IBM logo is seen outside the company's offices in Petah TikvaBy Marina Lopes and Anya George Tharakan (Reuters) - International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell nearly 7 percent to a three-year low, a blow for legendary investor Warren Buffett whose Berkshire Hathaway Inc is its top shareholder. The decline shaved more than $13 billion off of IBM's market cap, which stood at $182 billion at the stock market close on Friday. ...


10/20/2014 05:54 PM

Russia ruled out as culprit in Chase cyber security breach, U.S. officials say
WASHINGTON (Reuters) - The Russian government has been ruled out as sponsor of a cyber attack on JPMorgan Chase & Co disclosed in August, U.S. law enforcement officials said on Monday.Officials from the FBI and Secret Service told a news conference at the Financial Services Roundtable in Washington that authorities believe the attack was the work of cyber criminalsEarly news reports in August said that investigators feared the attack was conducted on behalf of the Russian government as retribution for economic sanctions imposed by the United States. ...
10/20/2014 08:29 PM

Video: Here’s what it’s like to buy lunch at McDonald’s with Apple Pay

Video: Here’s what it’s like to buy lunch at McDonald’s with Apple PayWith the release of iOS 8.1 on Monday, iPhone users for the first time got to use Apple Pay, the mobile payment platform that’s secured with the help of Apple’s Touch ID fingerprint scanner. A new video posted on YouTube now shows us just what we can expect when we use Apple Pay to buy things in retail outlets — in this case, a meal at McDonald’s. LEARN MORE: Apple unveils Apple Pay, its bold new service to replace your wallet After placing his order, the man in the video places his iPhone 6 up to the mobile payments sensor on top of the McDonald’s credit card machine and has the phone scan his fingerprint to authorize the payment. The


10/20/2014 11:15 PM

Drone captures stunning footage of killer whales

Vancouver Aquarium/NOAAFor the first time, researchers have used a video camera mounted on a hexacopter to monitor the behaviour of killer whales in the wild.>


10/20/2014 11:11 PM

Sen. Feinstein urges San Francisco not to pass 'Airbnb law'

Sen. Feinstein urges San Francisco not to pass 'Airbnb law'The California senator pushes for city legislators to reject a law that would legalize short-term rentals and pave the way for apartment-sharing sites.>


10/20/2014 10:30 PM

Microsoft CEO ​Nadella: Company has no pay gap between men, women

Microsoft CEO Satya Nadella pitches his company's cloud services, but two-week-old comments he made about women in tech still dog him.Microsoft chief Satya Nadella pushes new services from the world's largest software maker. But his controversial comments on women in tech earlier this month remain a focus of attention.>


10/20/2014 09:55 PM

Man falls into sea on live TV while possibly taking selfie

Man falls into sea on live TV while possibly taking selfieA man lifts his cell phone in front of his face to take the perfect shot. And then, a YouTube-worthy calamity.>


10/20/2014 09:47 PM

Obama’s new order: U.S. government’s credit card security must be improved

Obama’s new order: U.S. government’s credit card security must be improvedIn the wake of the numerous sophisticated cyberattacks that managed to steal credit and debit card data from various retail stores in the U.S., President Obama on Friday signed an executive order to improve security for credit cards and payment systems used by the government, The New York Times reports.  FROM EARLIER: Home Depot didn’t take data security seriously, report reveals “You should be able to buy the things that you need without risking your identity, your credit score or your savings,” Obama said at the Consumer Financial Protection Bureau before signing the order. Government agencies and offices will have to upgrade their systems to better protect user data, and move to more secure a chip-and-PIN credit cards that are more


10/20/2014 09:45 PM

Amazon strikes new e-book deal with Simon & Schuster

The WinnersWe debated whether to include yet another Kindle in this coveted list of winners. But here's the thing about the ad-supported $79 Kindle: black-and-white though this entry-level e-reader may be, the Kindle wins by dint of its rock-bottom price and the fact that its subtle ads--mostly in the form of Amazon deals--are so targeted they're actually useful in and of themselves. Yep. There, we said it: we actually like these ads. Read our Kindle review | Get the ad-supported Kindle | Return to the CNET 100Multi-year agreement for sales of physical and electronic books comes amid contentious talks with another book publisher.>


10/20/2014 09:37 PM

Not even Apple’s powers can make Apple Pay an overnight hit

Not even Apple’s powers can make Apple Pay an overnight hitAs Google quickly found out with Google Wallet, making NFC-enabled mobile payments a staple feature of American consumer behavior is much easier said than done. Apple seemingly knows this, which is why it’s cautioning that its users shouldn’t expect to have Apple Pay accepted everywhere by every store right out of the gate. LEARN MORE: Apple unveils Apple Pay, its bold new service the replace your wallet Per 9to5Mac, Apple SVP Eddy Cue tells The Wall Street Journal that the company “has a lot of work to do” to get more retailers to buy into its mobile payment platform and he says that at the start, he expects in-app purchases will be the most popular items bought with Apple Pay.


10/20/2014 09:00 PM

Pokémon teams up with manga horror legend Junji Ito to ruin your childhood

The Pokémon CompanyOne of the world's finest creators of comic book horror has teamed up with The Pokémon Company for a special "scary" collaboration.>


10/20/2014 08:53 PM

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