Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards.» Read More
Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards.
WASHINGTON, May 18- Cybersecurity professionals know a myriad of ways hackers can try to wreak havoc on critical infrastructure or infiltrate corporations to steal or spy, but it is the fear of the unknown that some say keeps them up at night.
Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering a sweeping look at the last 100 years that included memories of his 1963 South Carolina home.
*Microsoft set to unveil new Xbox Tuesday. *Xbox key to Microsoft's broader push into consumers' lives. SAN FRANCISCO/ SEATTLE, May 18- Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry.
*JPMorgan lifts S&P 500 year-end target to 1,715. *Tableau Software surges in first day of trade. NEW YORK, May 17- U.S. stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies.
SAN FRANCISCO, May 17- Strong debuts in the initial public offerings of two business software companies on Friday underscored a pattern in the market: While consumer companies like Facebook Inc get the buzz, enterprise companies are racking up most of the market gains.
NEW YORK-- Shares of Autodesk Inc. sank Friday after the design software company posted disappointing first-quarter results and lowered its forecasts for the year. THE SPARK: Autodesk reported its results after the market closed on Thursday.
JEFFERSON CITY, Mo.-- Missouri prosecutors want a judge to let them keep closer tabs on the former head of a failed artificial sweetener plant in Moberly. Attorney General Chris Koster's office said Thursday it has filed a motion in St. Charles County Circuit Court seeking to monitor ex-Mamtek CEO Bruce Cole with a wearable GPS device.
The website of British newspaper the Financial Times was hacked on Friday, apparently by the "Syrian Electronic Army", a group of hackers.
DELL'S DOLDRUMS: Slumping personal computer maker Dell Inc. is still having trouble adapting to a market increasingly dominated by smartphones and tablets. POINT: The dismal performance could help Dell's board persuade more shareholders to accept a $24.4 billion buyout offer from CEO Michael Dell and other investors.
WASHINGTON, May 16- Nobody is safe in the digital world and even the smartest minds in the cybersecurity world constantly struggle to fend off hackers in their personal lives.
SAN JOSE, Calif.-- Brocade Communications Systems Inc., a maker of computer networking technology, said Thursday that fiscal second-quarter sales fell because of a slowdown in the storage market. Net income rose 20 percent, to $47 million, or 10 cents per share, in the February-April quarter, from $39.3 million, or 8 cents per share the year before.
SEOUL, May 17- Overtaking Apple Inc as the world's leading maker of smartphones has stretched Samsung Electronics Co's in-house supply lines, and the South Korean firm is now courting some of its rival's main parts suppliers.
SAN FRANCISCO, May 16- Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continued to shrink.
Investors had every reason not to trust the market after last year's Facebook fiasco—a high-profile IPO gone bad on multiple levels. Yet trust is coming back.
Google's release of its music service had much fanfare going into it. But after the announcement it seems Google dropped the ball with this, reports TheStreet.com.
The idea of a total government monitoring is probably still the stuff of fiction, but that doesn't mean your boss doesn't have a pretty good idea of your workday habits.
Google's YouTube could be a $20 billion business within seven years, according to a research note from Morgan Stanley.
May 16- Computer Sciences Corp agreed to pay $97.5 million to settle a lawsuit accusing it of defrauding shareholders by hiding a variety of accounting problems.
NEW YORK-- Cisco shares soared before Thursday's opening bell after the networking equipment company posted better-than-expected results for its most recent quarter. In premarket trading, Cisco shares jumped $2.20, or 10.4 percent, to $23.41. Citi analyst Kevin Dennean backed his "Buy" rating for Cisco shares and boosted his price target by $2 to $26.