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 Friendly's, its founders are aging gracefully
The Boston Globe, August 29, 2014 Friday

 S. Prestley Blake sipped on a Fribble in a Connecticut Friendly's. Prestley Blake said the company now has good management and "keeps the standards up." Below, with brother Curtis Blake in front of the first Friendly's ice cream shop. ENFIELD, Conn. — S. Prestley Blake had one rule as he walked into his local Friendly's. "Don't tell anyone who we are," he grumbled. "It's a pain in the butt." I wasn't about to quibble with my elders, especially when one of them is 99-year-old Blake, who started...
 Hacking highlights reticence to fess up; JPMorgan Chase just the latest to delay disclosure of breach
The Boston Globe, August 29, 2014 Friday

 Rumors of a data breach at a major New York bank started circulating more than a week ago in cybersecurity circles. So for insiders, news that JPMorgan Chase had been victimized was more confirmation than revelation, the latest headline from a digital crime wave that shows no sign of ebbing. But for the millions of customers of JPMorgan Chase, the news reports that began appearing Wednesday were the first indication that their personal information might have been stolen by hackers. Like Target,...
 Whole Foods falls after a 'neutral' rating
The Boston Globe, August 29, 2014 Friday

 Whole Foods' rivals include Sprouts Farmers Market and Fresh Market. Whole Foods Market slipped after­ Kurt Frederick, a Wedbush Securities analyst, initiated coverage of the stock with a "neutral" rating and a $40 price target — barely higher than the stock's closing price on Thursday. Whole Foods stock has been under pressure as competition in the natural and organic food sector continues to grow. Earlier this month, Whole Foods shares fell the most in more than seven years after profit...
 Shell submits a plan for new Alaskan Arctic oil exploration
The Boston Globe, August 29, 2014 Friday

 Royal Dutch Shell submitted a plan to the federal government Thursday to try once again to explore for oil in the Alaskan Arctic, after years of legal and logistical setbacks as well as dogged opposition from environmentalists.
 New Apple products due Sept. 9
The Boston Globe, August 29, 2014 Friday

 CUPERTINO, Calif. — Apple­ Inc. will show off its newest products Sept. 9. The iPhone and iPad maker set the date in invitations mailed Thursday to reporters and others who typically attend the unveilings of Apple's latest twists on technology.
 Vivendi Unit in Brazil Has a Spanish Buyer
The New York Times, August 29, 2014 Friday

 Updated, 7:55 p.m. | The French conglomerate Vivendi is saying goodbye to the telecom sector. The company, whose holdings include the Universal Music Group and the French pay-television operator Canal Plus, said on Thursday that it was in exclusive talks to sell its Brazilian telecommunications unit to the Spanish carrier Telefónica for about $9.8 billion. The announcement is the latest effort by Vivendi to shed its telecom assets as it focuses on traditional media offerings like music and...
 Shell Submits a Plan for New Exploration of Alaskan Arctic Oil
The New York Times, August 29, 2014 Friday

 Royal Dutch Shell submitted a plan to the federal government on Thursday to try once again to explore for oil in the Alaskan Arctic, following years of legal and logistical setbacks as well as dogged opposition from environmentalists. While the plan is just a first step in the process, it reflects the energy potential in the Arctic. Shell's proposed programs consist of two drilling rigs working simultaneously in the Chukchi Sea, which could produce more than 400,000 barrels of oil a day. Shell...
 Alibaba bets on tech talent; Aggressive hiring is costly part of growth
USA TODAY, August 29, 2014 Friday

 The workforce of China-based Internet giant Alibaba shows how a focus on tech talent has helped lead the company to a successful business model with relatively high profit margins.
 Business under digital siege; Cyberattacks, such as the latest on banks, are constant, sophisticated
USA TODAY, August 29, 2014 Friday

 The financial industry -- and most of the business world -- works within a state of almost perpetual cybersiege at a level few consumers grasp. And the costs and dangers are growing for those who seek to protect their assets and their customers. "The constant barrage of attacks is real," says J.J. Thompson, CEO of Rook Security, an Indianapolis-based firm.
 Alibaba triples its profit ahead of IPO China e-commerce giant elevates buzz to Facebook levels
Orlando Sentinel (Florida), August 28, 2014 Thursday

 Alibaba Group continued to build excitement for its upcoming initial public offering by reporting a surge in mobile growth and big financial gains in its most recent quarter. For the three months ended June 30, the Chinese e-commerce behemoth -- which handles more sales than Amazon.com and eBay combined -- said profit nearly tripled to $2 billion from a year earlier.
 Medtronic buys another European company
The Boston Globe, August 28, 2014 Thursday

 US medical device maker Medtronic is building stronger ties to Europe, a couple months after announcing a $42.9 billion acquisition that involves moving its main executive offices across the Atlantic, where it can get a better tax deal.
 Comcast details low-cost program
The Boston Globe, August 28, 2014 Thursday

 Comcast Corp., a provider of Internet, cable TV, and other services, is highlighting an amnesty program for certain low-income families who might otherwise qualify for Internet­ Essentials, the company's effort to help young students bridge the so-called digital divide.
 Heartbleed flaw still a major threat to corporations
The Boston Globe, August 28, 2014 Thursday

 A security bug known as the Heartbleed flaw, identified six months ago, is still a threat to Internet devices worldwide. WASHINGTON — Hundreds of thousands of corporate computer servers, routers, and other Internet devices worldwide remain vulnerable to the Heartbleed Web-security flaw nearly six months after its existence was disclosed, security researchers say. More than half of the Forbes Global 2000 listing of the world's most profitable companies have servers that are still not fully...
 Apple loses bid to block Samsung sales; Court says older models don't pose sales threat
The Boston Globe, August 28, 2014 Thursday

 Samsung and Apple have been locked in a protracted patent fight as they compete for wireless users. SAN JOSE, Calif. — A federal judge has rejected Apple's attempt to block the sale of several older Samsung smartphones that copied features in the iPhone.
 Major US banks are hit by coordinated hacking
The Boston Globe, August 28, 2014 Thursday

 NEW YORK — A number of US banks, including JPMorgan Chase and at least four others, were struck by hackers in a series of coordinated attacks this month, according to four people familiar with a continuing investigation into the crimes.
 Spider webs lead to another recall
The Boston Globe, August 28, 2014 Thursday

 DETROIT — Spiders have forced Suzuki to recall more than 19,000 mid-size cars. The automaker says spider webs can clog a fuel vapor vent hose in some 2010 to 2013 Kizashi cars, cutting off air flow. If that happens, it can cause the gas tank to deform, causing cracks, fuel leaks, and possibly fires.
 Alibaba's quarterly revenue surges
The Boston Globe, August 28, 2014 Thursday

 SAN FRANCISCO — Alibaba's quarterly revenue growth is surging again, a development that should help the Chinese e-commerce company sell its shares in what could become the technology industry's most lucrative IPO.
 Mobile Sales Lift Alibaba Profit Nearly Threefold, Ahead of I.P.O.
The New York Times, August 28, 2014 Thursday

 With less than a month before its initial public offering, the Alibaba Group is intent on showing just how profitable -- and focused on mobile -- it truly is. The Chinese e-commerce behemoth disclosed on Wednesday that its profit nearly tripled in the quarter that ended June 30, to $2 billion. Its sales climbed 46 percent, to $2.5 billion. With its latest performance figures, Alibaba is likely to continue to stoke interest in its hotly anticipated market debut. The stock sale is expected to be...
 5 U.S. Banks Hit in Attack by Hackers
The New York Times, August 28, 2014 Thursday

 A number of United States banks, including JPMorgan Chase and at least four others, were struck by hackers in a series of coordinated attacks this month, according to four people briefed on a continuing investigation into the crimes. The hackers infiltrated the networks of the banks, siphoning off gigabytes of data, including checking and savings account information, in what security experts described as a sophisticated cyberattack. The motivation and origin of the attacks are not yet clear,...
 Food Safety Is Focal Point as Companies Invest to Import Goods to China
The New York Times, August 28, 2014 Thursday

 HONG KONG -- Six years ago, when tainted infant formula killed six babies in China and sickened 300,000, one of the biggest foreign investors in the sector was caught by surprise. The investor, the Fonterra Cooperative Group of New Zealand, one of the world's largest dairy companies, had put millions of dollars into a partnership with the Sanlu Group, a Chinese maker of infant formula that was one of several found to have mixed an industrial chemical into milk powder to artificially raise...
 COMPANY TOWN; Time Warner Cable outage hits 11 million; The glitch fuels opposition to the company's proposed takeover by Comcast.
Los Angeles Times, August 28, 2014 Thursday

 Time Warner Cable's nationwide outage early Wednesday left 11 million customers without Internet service for a few hours and highlighted long-standing consumer complaints that could fuel opposition to the proposed takeover by Comcast Corp. Human error during routine maintenance on the backbone of Time Warner Cable's Internet network was responsible for the outage, the company said. The interruption hit all of Time Warner Cable's residential and business customers, including those in Los Angeles,...
 Kia to open auto plant in Mexico; The factory will ease a shortage of cars for the U.S. market that has hampered growth.
Los Angeles Times, August 28, 2014 Thursday

 South Korean automaker Kia Motors Corp. will open a $1-billion auto plant in northern Mexico, President Enrique Pena Nieto announced Wednesday. Kia will join other automakers rushing to build cars in Mexico, where low labor costs and extensive free trade agreements have turned the nation into a manufacturing powerhouse despite its high crime rate. BMW revealed plans for a $1-billion plant in San Luis Potosi in July, a month after Mercedes-Benz and Nissan announced plans for a joint,...
 Drones at Disneyland? It's no flight of fancy
Los Angeles Times, August 28, 2014 Thursday

 Drones have fired missiles, spied on suspected terrorists and monitored wildfires. Now, it appears, Walt Disney Co. wants to use them to entertain at its theme parks.
    

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