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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Opinion: Europe’s financial winter isn’t over

Category : Business

Europe’s economy is far from out of the woods: unemployment is disgustingly high, banks are reporting dismal results, and Spain and Italy are still wild cards.

See original here: Opinion: Europe’s financial winter isn’t over

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Financial advisor to banks bought for $575 million

Category : Business

Keefe Bruyette & Woods, a 50-year-old investment bank that survived 9/11 and a CEO scandal, is bought up after a tough year.

Read this article: Financial advisor to banks bought for $575 million

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Bradley leads strong showing by rookies as U.S. takes 5-3 lead – Detroit Free Press

Category : Stocks


IBNLive.com
Bradley leads strong showing by rookies as U.S. takes 5-3 lead
Detroit Free Press
MEDINAH, Ill. — Keegan Bradley made Friday at the Ryder Cup feel like the best day of his life, and it wasn't too shabby for the rest of the Americans. Bradley led a strong performance by rookies on both teams at Medinah by teaming with Phil Mickelson
Bradley gets U.S. off to a strong startPhiladelphia Inquirer
Tiger Woods and Steve Stricker benched by Davis Love III for Saturday New York Daily News
Tiger Woods will Ryde the benchChicago Sun-Times
Businessweek

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Different strokes for these folks at US Open – Los Angeles Times

Category : Stocks


Telegraph.co.uk
Different strokes for these folks at US Open
Los Angeles Times
As the sun sank toward the western horizon of the Pacific, setting the table for the inevitable fog, Jim Furyk and Graeme McDowell emerged as those who had best weathered yet another stormy day at theU.S. Open. Saturday was supposed to be the
Tiger Woods forced to make U.S. Open comebackNew York Daily News
Column: Woods still a puzzle, even to himselfFox News
This US Open deserves a Monday playoffSan Francisco Chronicle
Washington Post

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Cyber-attack concerns raised over Boeing 787 chip’s ‘back door’

Category : Business

Researchers claim chip used in military systems and civilian aircraft has built-in function that could let in hackers

Two Cambridge experts have discovered a “back door” in a computer chip used in military systems and aircraft such as the Boeing 787 that could allow the chip to be taken over via the internet.

The discovery will heighten concerns about the risks of cyber-attacks on sensitive installations, coming on the heels of the discovery this week of the ‘Flamer’ virus which has been attacking computer systems in Iran, Syria and Saudi Arabia.

In a paper that has been published in draft form online and seen by the Guardian, researchers Sergei Skorobogatov of Cambridge University and Chris Woods of Quo Vadis Labs say that they have discovered a method that a hacker can use to connect to the internals of a chip made by Actel, a US manufacturer.

“An attacker can disable all the security on the chip, reprogram cryptographic and access keys … or permanently damage the device,” they noted.

Woods told the Guardian that they have offered all the necessary information about how the hack can be done to government agencies – but that their response is classified.

“The real issue is the level of security that can be compromised through any back door, and how easy they are to find and exploit,” Woods said.

The back door may have been inserted by Actel itself, whose ProASIC3 chip is used in medical, automotive, communications and consumer products, as well as military use.

Woods said that “a back door is an additional undocumented featured deliberately inserted into a device for extra functionality” – in effect, a secret way to get into the chip and control it.

Crucially, in this case it exists as part of the design of the silicon chip – meaning that it cannot be removed because it is inherent in how the chip reacts to certain inputs. He suggested that it may have been put there by design by Actel, because there are some traces of the existence of such a back door in the system files of Actel development software.

But, he said, that creates serious risks: “The great danger comes from the fact that such a back door undermines the high level of security in the chip making it exposed to various attacks. Although Actel makes a big claim that their devices are extremely secure because there is no physical path for the configuration data to be read to the outside world, a back door was added with a special key to circumnavigate all the security set by themselves or one of their users.”

Connecting to the chips would be comparatively easy over the internet if the chip is wired to an internet-enabled controller, he said. Normally a special cryptographic key would be needed, but the back door does not need an encrypted channel.

Among applications where the ProASIC3 are used are remote surveillance systems, drones, and for flight-critical applications on the new Boeing 787 Dreamliner.

Actel did not respond to requests for comment by the time of publication.

Rik Ferguson, director of security research at the online security company Trend Micro, said: “This kind of flaw that gives somebody access right into the device has inherent flaws. The fact that it’s in the hardware will certainly make it harder – if not impossible – to eradicate. We’re already seeing a steady flow of devices such as digital picture frames coming out of factories with malware already on them – but that’s software which can be fixed. If you have this sort of flaw, then you need to replace the hardware, which means the chips.”

But suggestions that it is part of a cyber-attack by China, where the chip is made, have been discounted.

“It was very likely done at the design stage,” said Woods. “However, the traces left in the Actel development software suggest that this feature was well thought through from the very beginning.” He doubts it is part of a Chinese state-sponsored sabotage attempt.

Skorobogatov and Woods will present a paper on their findings at a conference in Belgium in September.

Bank of America Gets Upgrade, 6 Target Price Hikes–But Mayo Says Sell (Update 2)

Category : Stocks

Bank of America story updated with changes by analysts Horowitz and Bongardt and new pricing info.

NEW YORK (TheStreet)–Bank of America saw six analysts raise their target prices on the stock following its first quarter earnings announcement Thursday, one of whom upgraded the stock, though CLSA analyst Mike Mayo slapped a “Sell” on the bank’s shares.

Three analysts raised their target prices to $10, while leaving neutral/market perform recommendations on the stock. Nomura’s Glenn Schorr, and Keefe, Bruyette & Woods’ Jefferson Harralson both raised their target prices to the $10 mark from $9, while Sterne, Agee & Leach analyst Todd Hagerman came all the way up from $6.

Bank of America has been selling businesses and slashing headcount to compensate for mortgage-related litigation costs that could reach $30 billion.

Click to view a price quote on BAC.

Click to research the Banking industry.

See original here: Bank of America Gets Upgrade, 6 Target Price Hikes–But Mayo Says Sell (Update 2)

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It’s a warmer, fuzzier Tiger Tuesday at the Masters – Los Angeles Times

Category : Stocks


Los Angeles Times
It's a warmer, fuzzier Tiger Tuesday at the Masters
Los Angeles Times
There are other stories, but Tiger Woods sets the tone, and is coming off his PGA Tour win that ended a 30-month slump. As he meets the media, he is Tiger the booster, storyteller and big brother. Tiger Woods smiles as he responds to a question during
Masters win could proclaim Woods' 2nd reignChicago Tribune
McIlroy Back at Site of Masters MeltdownNew York Times
Imparting knowledge a Masters traditionAtlanta Journal Constitution
MiamiHerald.com

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95% The Cabin in the Woods

Category : Entertainment

Five friends go to a remote cabin in the woods. Bad things happen. If you think you know this story, think again. From fan favorites Joss Whedon and Drew Goddard comes The Cabin in the Woods, a mind blowing horror film that turns the genre inside…

Read the original here: 95% The Cabin in the Woods

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Tompkins Financial (TMP) announces a $30M secondary offering. Macquarie Capital and Keefe, Bruyette & Woods will act as joint book-running managers for the sale. Shares -1.5% AH.

Category : World News

Tompkins Financial (TMP) announces a $30M secondary offering. Macquarie Capital and Keefe, Bruyette & Woods will act as joint book-running managers for the sale. Shares -1.5% AH. Post your comment!

See more here: Tompkins Financial (TMP) announces a $30M secondary offering. Macquarie Capital and Keefe, Bruyette & Woods will act as joint book-running managers for the sale. Shares -1.5% AH.

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Tiger Woods earns first PGA win since 2009 – CNN

Category : Stocks


The Guardian
Tiger Woods earns first PGA win since 2009
CNN
By the CNN Wire Staff Tiger Woods displays the trophy on Sunday after winning the 2012 Arnold Palmer Invitational in Orlando, Florida. (CNN) — After years plagued by injuries and scandal, Tiger Woods pulled away from his competition Sunday to capture
Arnold Palmer Invitational: Tiger Woods wins at Bay HillLos Angeles Times
Woods Ends Dry Spell With 5-Shot WinNew York Times
Almost — ALMOST — as if he never left, Tiger's back on topCBSSports.com
USA TODAY

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