Category Archives: business

Heartbleed Internet Security Flaw Used in Attack

Within 24 hours of the Heartbleed bug’s disclosure last week, an attacker used it to break into a major corporation, security experts said Friday. Using Heartbleed, the name for a flaw in security that is used in a wide range of web servers and Internet-connected devices, the attacker was able to break into an employee’s encrypted virtual private network, or so-called VPN, session. From there, the hacker or hackers used the Heartbleed bug about 1,000 times until successfully extracting information like passwords to get broader access to the victim’s network, said researchers at Mandiant, a cybersecurity firm . Continue reading

Exclusive: Biogen prices hemophilia drug on par with older therapies

By Bill Berkrot By Bill Berkrot (NEWS.GNOM.ES) – Biogen Idec Inc is pricing its newly-approved long-acting hemophilia drug to cost U.S. patients, and insurers, about the same per year as older, less convenient therapies whose price can reach about $300,000 annually. The move could pressure rivals such as Pfizer Inc to lower prices for existing hemophilia treatments, which provide patients with life-saving infusions of a blood clotting agent, according to doctors and industry analysts. Continue reading

Lululemon yoga pants lawsuits in U.S. win final dismissals

By Nate Raymond and Jonathan Stempel By Nate Raymond and Jonathan Stempel NEW YORK (NEWS.GNOM.ES) – A U.S. judge has issued final dismissals of lawsuits accusing Lululemon Athletica Inc and various company officials of defrauding shareholders by concealing defects in yoga pants. U.S Continue reading

Auto airbag maker Continental named in GM recall suit

By Jessica Dye By Jessica Dye (NEWS.GNOM.ES) – Plaintiffs’ lawyers are seeking to draw Continental Automotive Systems U.S., the maker of airbag systems in recalled General Motors Co vehicles, into litigation over an ignition-switch defect that has been linked to 13 deaths. Continue reading

Italian Bank Increases Planned Share Sale to $6.9 Billion

ROME – Monte dei Paschi di Siena, Italy’s third-largest bank, plans to offer investors as much as 5 billion euros, or $6.9 billion, in new stock as it fights to avoid nationalization and braces for stress tests of its balance sheet by European regulators, the struggling Italian lender announced on Friday. The board of directors of the bank approved the plan in an afternoon meeting, targeting €2 billion more than a previous management proposal that shareholders balked at in December. The Tuscan lender is facing a deadline imposed by the European Union to begin repaying €4.1 billion in bailout funds this year. Continue reading

Magnitude-7.2 earthquake shakes Mexican capital

By JOSE ANTONIO RIVERA, Associated Press ACAPULCO, Mexico (AP) — A powerful magnitude-7.2 earthquake shook central and southern Mexico on Friday, sending panicked people into the streets, where broken windows and debris fell, but there were no early reports of major damage or casualties. The U.S. Continue reading

Chobani to expand offerings amid competition

NEW YORK (AP) — Chobani plans to expand beyond its Greek yogurt cups this summer as it faces intensifying competition in the fast growing category. Starting in July, the company plans to offer Chobani Oats, which is yogurt mixed with fruit and oats; a dessert called Chobani Indulgent and new flavors for kids. Later this year, the Norwich, N.Y.-based company will also introduce savory dips, Chief Marketing Officer Peter McGuinness said in a phone interview Continue reading

Michaels Confirms Breach of as Many as 2.6 Million Cards

ANNE D’INNOCENZIO, AP Retail Writer NEW YORK (AP) — Michaels Stores Inc. said Thursday that about 2.6 million cards, or about 7 percent of all debit and credit cards used at its namesake stores, may have been affected in a security breach. The nation’s largest arts and crafts chain said its subsidiary Aaron Brothers was also attacked, with about 400,000 cards potentially affected. Continue reading

Justice Ginsburg: Make Equal Rights Amendment Part of the Constitution

So call her an activist judge, but on Thursday night Supreme Court Justice Ruth Bader Ginsburg said she’d like to see the Equal Rights Amendment tacked on to the Constitution. “If I could choose an amendment to add to the Constitution, it would be the Equal Rights Amendment,” Ginsburg said to an audience at the National Press Club. The 1970s-era Equal Rights Amendment, which guarantees equal rights for women, came just three states short of passage back then and received renewed interest when President Barack Obama was elected in 2008. Continue reading

A Scalia Dissent Once Ruined Ruth Bader Ginsburg’s Weekend

As Washington folklore goes, conservative Supreme Court Justice Antonin Scalia and liberal Justice Ruth Bader Ginsburg are the best of friends. But was there ever a case that completely rattled their friendship? Yes, said Ginsburg, though it wasn’t all that bad Continue reading