In Bloomberg Technology news, word is that research firm Muddy Waters LLC was correct to focus on NQ Mobile Inc.’s delays in collecting customers’ payments as part of an 81-page report that labeled the Beijing-based mobile service provider a “massive fraud”. But, simultaneously, accountants, professors and a lawyer interviewed by Bloomberg News said the report’s…
Sony is pushing out engineers like some kind of bargain sale – engineers behind hit products who’ve left due to a decade of cost cuts that soured a once-celebrated culture of risk-taking. The “brain drain”, as it’s called, threatens the mission to resuscitate the iconic brand that once gave us compact discs, Trinitron color TVs and the Walkman….
According to some technology and intelligence specialists, U.S. NSA Code Cracking supposed to protect the online traffic of the world’s largest Internet companies, will do more harm than good. These revelations raise fresh questions about the security of data held by companies including Google Inc., Facebook Inc. and Microsoft Corp. According to a particular senior staff technologist,…
The chairman of C&S Wholesale Grocers Inc – the biggest company no one has ever heard of – is one mysterious man with good reasons for staying out of the limelight. The 61-year-old ‘hidden billionaire Cohen’, has transformed C&S into the world’s largest grocery wholesaler since taking the helm of the business in 1989, making him one…
Bloomberg reports that Maserati, the Italian maker of exotic cars, is shifting its focus from the elite to the merely wealthy. They hope to shift their target market (slightly) with a mid-sized sedan called the Ghibli. The new car, which will start at $65,600, is said to represent a direct challenge to mainstay German models like…
Bloomberg reports that credit bureaus and payment companies are turning to social media to help them verify a person’s identity and even assess consumer creditworthiness. One such example is EBay Inc.’s PayPal, who have officially begun trials to see whether social posts can help prove identities, and to detect whether customers are lying about their finances.They are…
