BizTechNews

Cops Can Force You To Unlock Phone With Apple Touch ID, Judge Rules

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Cops can’t make you give them your smartphone password — but they can compel you to slap your finger onto your Apple Touch ID device to unlock it, a Virginia court ruled Thursday. It’s an odd sort of loophole: The Fifth Amendment protects you from offering knowledge that could incriminate yourself, meaning you don’t have to tell a cop your ...

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Virgin Galactic’s SpaceShipTwo Crashes During Test Flight Over Mojave Desert

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Virgin Galactic’s SpaceShipTwo space plane crashed during a test flight over California’s Mojave Desert this afternoon, the company said. A report issued by the California Highway Patrol indicated that one pilot died and another suffered a major injury, the Associated Press reported. At a press conference on Friday afternoon, Kern County Sheriff’s spokesman Ray Pruitt said that the injured pilot ...

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Analysis: Retail’s answer to Apple Pay probably doomed

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LOS ANGELES — It’s as if the Three Stooges had been given the assignment of introducing a new and safer way for consumers to pay at some of the biggest retail stores. CurrentC is the new smartphone payment system from a consortium of retailers, including Best Buy, WalMart, Target and Sears, all hurting from poor sales. The system is currently ...

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Amazon diversity report shows it’s largely white, male

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SAN FRANCISCO — Under pressure from civil rights activists, Amazon.com released the gender and racial make-up of its work force on Friday, revealing its staff is largely white and male. The technology giant said 63% of its workers and 75% of managers around the world are men. In the U.S., 60% of the work force is white while 15% is ...

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Samsung bringing curved Gear S to U.S. on Nov. 7; pricing like a phone

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As attention in the wearable space is focused on Microsoft’s new Band, wearable veteran Samsung has revealed its plans for releasing its sixth smartwatch in the U.S. The Gear S, the company’s smartwatch with a curved 2-inch screen and built-in cellular connection, will begin rolling out to U.S. carriers beginning November 7. AT&T, Verizon, T-Mobile and Sprint have all signed ...

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Citigroup’s $600M about-face

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Citigroup stunned investors late Thursday when it cut its third-quarter earnings by $600 million, blaming an increase in allowances for legal expenses. The global banking giant said the increase resulted from “rapidly-evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies related to previously-disclosed matters.” The adjustment reduced Citi’s earnings for the quarter to $2.6 billion from ...

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Investing: 2 men save same, end up $234K apart

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Out here in Exampleland, Pete and Frank always leave Philadelphia at noon and pass Helen and Irma in Altoona at 4:30, but no one will tell you how fast they’re going. And when you’re planning for retirement, you can always figure out what percentage of your income you can save, but no one here will tell you what you’ll have ...

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Apple CEO Says Being Gay Is the Greatest Gift God Has Ever Given Him

Apple CEO Tim Cook says hes proud to be gay www.techyville.com

Reported by Dr. Sinclair Grey III Should a person’s sëxuality make a difference in whether or not they are able and capable of running a company? Or better yet, would you do business with a company whose CEO is gay? Apple CEO, Tim Cook confessed in the Bloomberg Businessweek that he is gay. Even though Cook has never denied his ...

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Stocks close lower as Fed ends bond buying

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Stocks closed lower Wednesday after the Federal Reserve, as expected, said it is ending its stock-friendly ‘QE’ program. The Dow Jones industrial average fell 31.44 points, or 0.2%, to 16,974.31 and the Standard & Poor’s 500 index dipped 2.75 points, or 0.2%, to 1982.30. The Nasdaq composite index dropped 15.07 points, or 0.3%, to 4549.23. Quantitative easing, the bond-buying experiment ...

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Apple Pay competitor confirms email breach

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Big retail got some bad news Wednesday: Its would-be competitor to mobile payment services from Apple and Google — which hasn’t even launched nationally — was hacked. Some of the nation’s biggest retailers including Wal-Mart, CVS and Best Buy created the Merchant Customer Exchange consortium and its CurrentC app, to launch in early 2015. MCX, which is testing CurrentC in ...

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