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Hungry? China's food delivery apps bite into Yum revival
News ImageBy Adam Jourdan SHANGHAI (Reuters) - As China's economy stutters, growing numbers of diners on a budget are tapping into smartphone applications to snap up meal delivery deals, spelling big trouble for fast food chains like Yum Brands Inc's KFC and Pizza Hut. People like Li Jiali, a 20-year-old Shanghai student, say they have all the dining options they need nestling in their phones, without needing to venture out of the house. Yum's shares dived this week after it said it's way behind target in a bid to recover from damaging food scandals in China, its top driver for profit and revenue.
Fri, 09 Oct 2015 06:45:17 -0400
EMC-Dell talks highlight Elliott's clout across tech sector
News ImageAcquisition talks between EMC Corp. and Dell Inc. are significant not just for the size of the potential transaction but also for a common element behind this and dozens of other major tech deals over the past decade: Elliott Management. The possible tie-up between the $50 billion storage company and the privately owned computer maker, which surfaced on Wednesday, would be the largest tech deal ever and would solidify Elliott's reputation of sparking key and sizable transformations throughout pockets of the industry. While other famous activists such Nelson Peltz's Trian Partners and Bill Ackman's Pershing Square have steered cleared of technology investments because of their volatile nature, Elliott, run by billionaire hedge fund manager Paul Singer, has made a name for itself in the technology sector.
Thu, 08 Oct 2015 17:11:21 -0400
China arrested hackers at U.S. request: Washington Post
News ImageThe Chinese government took unprecedented action by complying with a U.S. request and arresting hackers suspected of stealing secrets from U.S. companies to pass to Chinese state-run companies, the Washington Post reported on Friday. The arrests came in September before Chinese President Xi Jinping went to Washington for talks with U.S. President Barack Obama that included one of the most contentious issues between the two countries - corporate and government cyber espionage. The Post, which cited sources speaking anonymously because of the sensitivity of the matter, said U.S. intelligence and law enforcement officials presented China with a list of hackers.
Fri, 09 Oct 2015 11:44:09 -0400
Intel to secure EU's okay for $16.7 billion Altera deal: sources
Shadows are cast near Intel logo at the Intel booth during the 2015 Computex exhibition at the TWTC Nangang exhibition hall in Taipei, TaiwanBy Foo Yun Chee BRUSSELS (Reuters) - World No. 1 chipmaker Intel Corp will be given the go-ahead from the EU for its $16.7 billion bid for Altera Corp, its largest ever deal, two people familiar with the matter said on Friday. The U.S. company is looking to Altera to reinforce its portfolio of higher-margin chips used in data centers and to focus on chips for cars, watches and other devices in a future "Internet of Things". The U.S. Department of Justice cleared the deal unconditionally last month while other agencies such as the Chinese are also looking at the bid.
Fri, 09 Oct 2015 12:12:42 -0400
Retail group says FBI backs PIN use in chip-based cards
(Reuters) - The National Retail Federation (NRF) said on Friday the Federal Bureau of Investigation's warning on the new chip-based credit cards being vulnerable to fraud backed its stand on the need for a personal identification number instead of a signature. The FBI said on Thursday the chip-based cards can be counterfeited using stolen card data, and that the chip will likely not stop stolen or counterfeit credit cards from being used for online or telephone purchases. Fri, 09 Oct 2015 12:57:31 -0400
China plane maker reveals stealth jet capabilities to lure buyers
China's top aircraft manufacturer has revealed specifications of an advanced stealth fighter jet in a bid to lure foreign buyers, the official China Daily reported on Friday. In a rare disclosure, the state-owned Aviation Industry Corp of China (Avic) unveiled the capabilities of the J-31 aircraft at an aviation show, even though the jet is still being tested, the newspaper said. Countries that cannot buy weaponry from the United States have increasingly sought them from China, particularly because Chinese arms are often cheaper. Fri, 09 Oct 2015 05:21:14 -0400
New California law extends privacy rights to electronic data
News ImageNEW YORK (AP) California now requires police to get a court order before they can search messages, photos and other digital data stored on phones or company servers in the nation's most-populous state.
Fri, 09 Oct 2015 13:30:21 -0400
BlackBerry might finally stop making phones
The day of reckoning is almost here for BlackBerry fans still clinging to their BlackBerry 10 devices. PerVentureBeat, BlackBerry CEO John Chen told the Code Mobile conference this week that the company is planning to merge BlackBerry 10 with Android in the near future,while saying that hell maintain BlackBerry 10 for at least another year presumingthe shift over to Android goes as planned. The idea behind the BB 10-Android merger is to bring all of BlackBerrys top security features over to Android, which would presumably make Android more attractive to enterprise customers. DONT MISS:Elon Musk says Apple is a Tesla graveyard that only hires the engineers he fires Weirdly, however, Chen said that phones with this BlackBerry 10-Android combination wouldnt Fri, 09 Oct 2015 13:21:14 -0400
After US talks, China cracks down on trade-secret stealing hackers
News ImageWhen Chinese president Xi Jinping visited the White House in September, many observers saw it as the beginning of a new accord on cybersecurity between the two nations. According to The Washington Post, China has arrested "a handful" of Chinese nationals for economic espionage against US firms, apparently as a show of good faith in cyberespionage talks.
Fri, 09 Oct 2015 13:19:25 -0400
What it's like to illustrate a cover for Marvel Comics
News ImageAs embarrassing as this is to admit, my first foray into art was through furries and anime. (I cant believe I am putting this on the internet after thoroughly obliterating any trace of my middle school art from the web.) Fandom was seminal in the beginning stages of my art career; I loved all of it and the fan art community was great at giving feedback. I slowly moved away from my nerd roots while studying art in school, and fashion, beauty, and film soon filled the space where manga and Harry Potter used to live. ...
Fri, 09 Oct 2015 13:06:23 -0400
EA wants to show you its softer side
News ImageWhen you think of EA, you probably think of blockbuster shooters and sports games. The controls have been streamlined, and during my brief time with the game I never found myself stumbling with the controller.
Fri, 09 Oct 2015 12:56:21 -0400
Dell looks to EMC deal to boost corporate presence
News ImageDell Inc is in talks with banks to fund a takeover of data storage company EMC Corp, sources familiar with the matter said, as the world's No.3 PC maker looks to beef up its cloud-based offerings for corporate customers. The potential acquisition of EMC, which has a market capitalization of $52 billion, would be the largest technology sector deal on record. It could help Dell diversify away from the stagnant personal computer market and give it the scale to attack the faster-growing and more lucrative market for managing and storing data for enterprises.
Fri, 09 Oct 2015 12:35:40 -0400
First person video shows French tourists plunging into water after a suspension bridge collapses
A group of French tourists vacationing in New Zealand got more than they bargained for when a suspension bridge they were walking on unexpectedly broke. The tourists were out on a hike ontheLake Waikaremoana Great Walk when the bridge, hoisted up 25 feet above a river, suddenly sent them spiraling down into the water below. DONT MISS: Watch this iPhone case heal itself from scratches in 20 seconds Thankfully, none of the tourists were seriously injured and theres even some harrowing video of the entire ordeal which has been circulating around the web. The incident went down on September 3 with video of the fall having been uploaded to YouTube earlier this week. The bridge is reportedly strong enough to Fri, 09 Oct 2015 12:33:42 -0400
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