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    Cisco (CSCO) got into business with 2013 acquisition of Whiptail for $415 M. Cisco Systems Inc. (CSCO) said it would stop selling data-storage hardware, a business that it entered with its $415 million acquisition of Whiptail in 2013.. New Jersey startup Whiptail specialized in equipment that stores data on chips known as flash memory rather than disk drives, a technology that has attracted many large and small competitors.

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    Fiat Chrysler said it was voluntarily recalling 1.4 million U.S. cars to fix a software defect that could allow the vehicles to be hacked remotely.This week, security researchers Chris Valasek and Charlie Miller remotely disabled a Jeep Cherokee's brakes and steering — while the car was on the highway. They took control of the car through Uconnect, the car's information and entertainment dashboard.The recall affects Jeep Grand Cherokees, Chrysler sedans, Ram pickup trucks and others. The company stressed that it has not received reports of any injuries or accidents related to what it labeled "the software exploitation."[Read: The definitive account of how hackers can gain access to our cars]Fiat Chrysler also sought to allay fears about the demonstration by Valasek and Miller. “The software manipulation addressed by this recall required unique and extensive technical knowledge, prolonged physical access to a subject vehicle and extended periods of time to write code,” Fiat Chrysler said in a statement.But security experts say that widespread hacks on cars and other connected devices are destined to come. Many of these products — which are commonly called the "Internet of Things" — carry the same software flaws that have been continually exploited by hackers operating on the World Wide Web.Cars are vulnerable because of their many computers. Vehicles today talk to the outside world through remote key systems, satellite radios, Bluetooth connections, dashboard Internet links and even wireless tire-pressure monitors. Security experts call these systems “attack surfaces,” meaning places where intrusions can start.Infotainment systems are particularly good attack surfaces because modern versions often use a driver's smartphone to connect directly to the Internet — or such systems connect to the Internet directly through cellular signals. What is meant to provide drivers convenient access to apps and services also opens the door to hackers.Researchers and some members of Congress have long warned that connectivity could create new risks for consumers. In a report released in February, Sen. Edward J. Markey (D-Mass.) found that nearly all cars on the market “include wireless technologies that could pose vulnerabilities to hacking or privacy intrusions.”Markey in a statement issued Friday called for Congress to pass legislation forcing automakers to "put in place minimum standards to protect drivers in these connected cars.""A safe and fully-equipped vehicle should be one that is equipped to protect drivers from hackers and thieves," said Markey. "Both automakers and NHTSA should be immediately taking steps to verify that other similar vulnerabilities do not exist in other models that are on the road."But while wireless technology is frequently cited as a potential source of problems — it’s also thought of by some experts as a way to help fix them. Secure over-the-air updates could help ease the process of fixing security flaws once they are discovered, said Josh Corman, the founder of I Am The Cavalry — a group that has urged vehicle manufacturers to adopt a five-star-style rating system for security best practices, akin to the ratings for traditional vehicle safety.“Once a disclosure happens there is essentially a footrace between hackers and when the defenders can fix things,” he said. Fiat’s recall will require that customers manually update their vehicles using a USB stick that they can install through a port in the vehicle’s dashboard, rather than actually having to take their vehicles to a dealer. The upgrade will provide additional security features to the network level-measures the company has already rolled out in response to the demonstration.While Fiat Chrysler's recall is notable because it appears to be a result of the publicly demonstrated exploit, software problems have increasingly become the source of recalls as computer systems have taken over more vehicles. Just last week, Toyota (TM) recalled 625,000 hybrid cars to fix a problem that could shut down their hybrid systems while the car was being driven.The Fiat Chrysler recalls include:2013 through 2015 model Dodge Vipers2013 through 2015 Ram 1500, 2500 and 3500 model pickup trucks2013 through 2015 Ram Chassis Cabs2014 through 2015 Jeep Grand Cherokees and Grand Cherokee SUVs2014 through 2015 model Dodge Durango SUVs215 model Chrysler 200, Chrysler 300 and Dodge Charger sedans2015  model Dodge Challenger sports coupesCraig Timberg contributed to this report






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    Fiat Chrysler said it was voluntarily recalling 1.4 million U.S. cars to fix a software defect that could allow the vehicles to be hacked remotely.This week, security researchers Chris Valasek and Charlie Miller remotely disabled a Jeep Cherokee's brakes and steering -- while the car was on the highway. They took control of the car through Uconnect, the car's information and entertainment dashboard.The recall affects Jeep Grand Cherokees, Chrysler sedans, Ram pickup trucks and others. The company stressed that it has not received reports of any injuries or accidents related to what it labeled "the software exploitation."[Read: The definitive account of how hackers can gain access to our cars]Fiat Chrysler also sought to allay fears about the demonstration by Valasek and Miller. “The software manipulation addressed by this recall required unique and extensive technical knowledge, prolonged physical access to a subject vehicle and extended periods of time to write code,” Fiat Chrysler said in a statement.But security experts say that widespread hacks on cars and other connected devices are destined to come. Many of these products -- which are commonly called the "Internet of Things" -- carry the same software flaws that have been continually exploited by hackers operating on the World Wide Web.Cars in particular are vulnerable because of their many computers. Vehicles today talk to the outside world through remote key systems, satellite radios, Bluetooth connections, dashboard Internet links and even wireless tire-pressure monitors. Security experts call these systems “attack surfaces,” meaning places where intrusions can start.Infotainment systems are particularly vulnerable because modern versions often use a driver's smartphone to connect directly to the Internet -- or they connect to the Internet through cellular signals. What is meant to provide drivers convenient access to apps and services also opens the door to hackers.The Fiat Chrysler recalls include:2013 through 2015 model Dodge Vipers2013 through 2015 Ram 1500, 2500 and 3500 model pickup trucks2013 through 2015 Ram Chassis Cabs2014 through 2015 Jeep Grand Cherokees and Grand Cherokee SUVs2014 through 2015 model Dodge Durango SUVs215 model Chrysler 200, Chrysler 300 and Dodge Charger sedans2015  model Dodge Challenger sports coupes






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    Now that so many U.S. consumers are going "cable-free" in favor of standalone video packages like Roku and Hulu, cell phone bills are now being targeted by many of those same consumers who've grown weary of high phone bills. Shop for unlocked cell phones on Amazon here.

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    The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: ** Anthem Inc said on Friday it would buy Cigna Corp in a deal valued at $54.2 billion, creating the largest U.S. health insurer by membership.

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    To spotlight the security flaws of Internet-connected cars, two computer security experts hacked into a moving Jeep Cherokee. Fiat Chrysler Automobiles NV (FCAU) is recalling 1.4 million vehicles equipped with certain touch screen radios to update software for protection against possible cyberattacks, days after two researchers publicly demonstrated their ability to take control of a moving Jeep using its wireless communications systems. Watch video of the researchers...

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    American consumers are beginning to receive in the mail new credit cards that add a security chip to the traditional magnetic strip that processes their payments. The hope is the new cards cut down on credit card fraud but many small businesses do not appear ready for the change.A deadline for phasing in secure, chip-enabled payment cards across the country kicks in on Oct. 1. That’s when banks are supposed to finish distributing the new plastic to customers. Businesses will need to install new card readers to process the information on the chips. Those that do not have the new technology in place by then will be on the hook for any security lapses or fraudulent transactions, instead of payment-processing firms.But four months before the deadline, more than 28 percent of small business owners who process payment cards are not even aware of the new technology or how it affects their business, according to a new survey by Manta, an online small business community site.The survey polled 1,609 business owners and asked them whether or not they planned to adopt the new payment card technology by Oct. 1, with a margin of error of 2.44 percentage points.Of those who did accept cards, the majority did not even know about the new payment technology, or why they needed to install it, the survey found. More than 16 percent of owners also said they had not seen customers using the new chip cards.The lack of awareness is “concerning,” said John Swanciger, Manta’s chief executive. Payment companies need to do more to educate small businesses about their liability, he said.The findings echo a similar survey conducted by software firm Intuit last month, which polled 500 small businesses that employ up to a hundred employees. Forty-two percent of owners surveyed were not aware of the deadline.Companies such as Intuit, Square and Capital One, which sell readers equipped to accept the new cards, have stepped up efforts to educate small business owners about the mandated shift in hopes of locking up new customers as they jostle for market share.Square said it would give away 250,000 readers for free for a limited time. Intuit has stepped up its promotions, in part by funding its survey on awareness about the coming change. PayPal said it would bring its U.K.-based mobile reader, where chip-embedded cards are already in use, to the United States this fall. Retailers like Amazon are also getting into the mobile payments game.A casual query of local businesses in downtown D.C. showed that few had heard of the deadline and few had even noticed whether customers used chip-based cards.Rachael Galoob Ortega, a lawyer-turned-entrepreneur who runs Saffron Dance, a belly-dancing class with multiple locations in the Washington area, said she hadn’t heard of the October deadline until a reporter informed her.Nearly all of her customers pay by card, said Ortega, who is professionally known as Saphira. She quickly went on the Internet to begin reading up on the change.“I’ve already signed up for the free Square reader,” she said.For some small business owners, the cost of the new technology could be a potential burden, though prices have fallen sharply as competition has ramped up. Ortega said businesses that rely on more sophisticated point-of-sale systems, with multiple locations, could be harder hit. She estimates that switching over to a new reader would only cost her a few hundred dollars.“The people who are going to struggle more are retailers who have invested a lot of money in a bulky piece of hardware,” she said.






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    Solar3D (SLTD) stock is climbing by 7.50% to $4.12, on heavy volume in afternoon trading on Friday, after the company was awarded a $10 million solar contract in Fresno, Calif. Solar3D's (SLTD) subsidiary, MD Energy, will build a 2 megawatt solar power system for the Fresno/Clovis Wastewater Reclamation Facility once the project is approved by the city council.

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    The World Trade Organization finalised a list of 201 information technology products to be freed from import tariffs in a $1.3 trillion deal on Friday, but said it was still short of the critical mass of countries needed to put it into force.

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    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS. -- Finnish telecoms equipment maker Nokia (NOK) to acquire French peer Alcatel-Lucent. NEW LISTINGS. -- Oilfield services provider Halliburton (HAL) to buy rival Baker Hughes (BHI) in a stock and cash transaction. EXTENSIONS AND OTHER CHANGES. FIRST-STAGE REVIEWS BY DEADLINE.

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    Amazon (AMZN) wowed analysts with an impressive second quarter, signalling that the company may have finally reached the tipping point and established itself as a profit-making organization. The Seattle-based company reported second-quarter revenue of $23.2 billion, up 20% year over year, and earnings of 19 cents per share.

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    Shares of PMC-Sierra  were falling 13.02% to $6.72 on heavy trading volume after the semiconductor and software company announced its 2015 second quarter results and plans to reduce spending. PMC-Sierra (PMCS) reported earnings of 9 cents a share for the second quarter, below analysts' estimates of 11 cents a share.

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      . When most people hear the word fang, they think of Dracula. Well, this isn't a story about the living dead, drinking blood or having Mr. Burns turn into Dracula to make The Simpsons into his army of the undead.  . Three of the four companies, Amazon (AMZN), Netflix (NFLX) and Google (GOOG) have recently reported second-quarter results that have been more than well received by investors.

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     MKM Partners upgraded Juniper Networks (JNPR) to "neutral" from "sell" on Friday, raising its price target for the networking and communication devices company to $28 from $22. Shares of Juniper Networks (JNPR) were gaining 8.7% to $28.80 in pre-market trading. The analyst firm raised its 2015 EPS estimates to $1.94 a share from $1.69 a share.

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    Document management company Xerox Corp. (XRX) reported on Friday a second-quarter net profit that dropped to $12 million, or 1 cent a share, from $266 million, or 22 cents a share, in the same period a year ago. Excluding non- recurring items, such as software impairment charges, adjusted earnings per share came in at 22 cents, matching the FactSet consensus. Revenue declined 7% to $4.59 billion, just below the FactSet consensus of $4.64 billion, as services revenue fell 3% and document...

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    A Pakistan-based militant group has disowned a splinter faction suspected of a string of killings in Indian-occupied Kashmir, with the rebuke followed swiftly on Friday by a string of attacks on telecoms facilities in the state's main city. The escalating rivalry is fuelling concern that rogue insurgents could ratchet up tension between nuclear-armed India and Pakistan.