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Articles tagged with: finance

Samsung Combines Display & Semiconductor Businesses

According to the Wall Street Journal, Samsung will combine its flat-panel display and semiconductor businesses into a single unit. What’s the reason? Well, Samsung didn’t have too good of profits during its first quarter, and mediocre performance during its second quarter.

However, when you combine the two businesses, the semiconductor aspect of Samsung made up 70% of Samsung’s operating profits and 44% total of the company’s revenue. Those are some pretty impressive statistics, and allows its flat-panel display business to piggy back off the semiconductor manufacturing successes.

Regulators Request Banks To Improve Network Security

US financial regulators have asked that all banks do their best to boost network security after companies have gone through a flurry of cyber attacks. The Federal Financial Institutions Council recommended that banks perform regular risk assessments as well as keeping customers informed about any online banking security issues.

The Council urged that all banks demand more than one form of customer authentication since hacking often occurs via keyloggers, where passwords are stolen on personal computers.

SF Startup Copious Is A Social Marketplace

A San Francisco startup called Copious has built an online marketplace that allows all buyers and sellers to link their Facebook identities. The idea is to make the online marketplace feel safer and allowing buyers and sellers to see how many degrees of separation the other party is in their network.

The user will also be able to see if anyone in their networks has purchased, shared, or commented on an item from the seller. Not only can Facebook identities be linked, but also Twitter accounts and blogs too, giving you a fairly well drawn picture that you aren’t dealing with a Nigerian scammer.

Anonymous Hackers Demand Federal Reserve Chair To Resign

If you’ve kept up with news, you’ll know that despite the arrests made towards the Anonymous Hacking group, they’ve successfully hacked many websites, from Sony databases, to Nintendo, to PBS, from America to India, they have proven their skills.

After seeing the type of damage the Anonymous Hacking group is capable of with the tragic Sony attacks, the Federal Reserve has good reason the be worried. The group of hackers request that Ben Bernanke, the Federal Reserve’s chairman, step down.

IBM HPC Cloud Solutions For Maximizing Profits

IBM seeks to help companies use their high-performance computers more efficiently with new software that links separate pools of resources into a single private cloud. Usually, organizations with intense engineering operations have separate server farms used by individual groups of engineers, leaving computing resources unused.

With this in mind, IBM is currently making HPC Management Suite for Cloud software available after having just used it internally. Over 3,000 engineers around the world shared resources as they developed the POWER7 processor family, claiming to have cut costs in half and reduced the design cycle by six months as a result of the software.

Your Money Is No Longer Safe At The Bank

According to newser, hackers managed to steal over $300,000 from a client’s Ocean Bank account, but according to a Maine judge’s ruling, the bank is not responsible. The judge understood that the bank didn’t follow the best security practices, but rules that the customer should have done more to protect the account. What?! Did a judge just blame the customer for choosing to trust a bank with his money?

The hackers got access to Patco Construction (the victims) Company’s banking credentials by sending a malicious e-mail to employees and then installing a password-stealing Trojan.

Google Plays With A New Mobile Layout

Google has started to deliver a new update on its mobile platforms. The new interface has a simpler, cleaner look and gives users some new options to make their mobile experience just a bit smoother. The user-interface allows for easier navigation to YouTube, Gmail, and other frequently used apps.

The new interface also carries a dedicated search panel that contains the bare bone essentials (Google News, Video, Finance, Maps, iGoogle, Books, Youtube, and Blogs Search). Through the new menu, search results are filtered down and displayed by colorful icons (ah, time to get cozy with our favorite technology!)

Nvidia Analyst Pleads Guilty To Insider Trading

Former Nvidia financial analyst and 39 year old Sonny Nguyen pleaded guilty today to a criminal charge. Nguyen pleaded guilty to tipping a former Global Research consultant about Nvidia’s quarterly financial results before they were announced to the public. He claimed to have done this both in 2007 and 2008. Nguyen was released on a $100,000 bond but is expected to testify at the trial.

He is among at least 14 people who have been charged in the investigation and pleaded guilty to a charge of conspiracy to commit wire fraud and securities fraud. I suppose Nguyen was looking for a lighter sentence by pleading guilty and spilling the beans. He said,

Dell Bounces Back In Profits

I was watching Dell’s stock closely last year and they weren’t doing too good. The company hung around $12 a share for the majority of Q4 last year. The company is really picking up now. Dell has just issued a statement that it has made a net income of $945M pr 49 cents a share which is quite a leap from $341M or 17 cents a share earlier in the year. The CEO and chairman of Dell, Michael Dell, claimed that the company was off to a solid start for the fiscal year of 2012 and that the substantial profit increase demonstrates that Dell’s strategy is working and the execution is improving.

Nvidia Swallows Icera For $367M

We have just heard that Nvidia has swallowed Icera for $367 million dollars. This move gets Nvidia’s foot in the door for baseband and radio chips, leaving some to guess that perhaps Nvidia is thinking of making its own phone. With the Icera acquisition, Nvidia will now be able to combine high-end processors, with cell phone communications.

Nvidia believes that Icera can help it double its revenue from each mobile device.