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Lower swipe fees may help shoppers, hurt bank customers

The Senate decided yesterday to avoid delaying the 80 percent cut in debit card swipe fees, a move that could help consumers when shopping. But banking customers could suffer as banks look to make up for the lost revenue.
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Citigroup confirms security breach

Hackers reign; Citigroup confirms security breach

Citigroup confirmed a security breach at Citi Account Online, which was discovered by the authorities recently during a routine monitoring. The names, account numbers and contact information, including email addresses of the customers have been compromised. More critical information like date of birth, social security numbers, card expiration date and card security code (CVV) have not been accessed by the hackers, Citi said.
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Delta to Pay back $175 million in Minnesota

Delta will now have to pay back $175 million dollars in loans that was used to help Northwest Airline's training center because Delta is moving the facilities to Atlanta, Georgia, Delta's home.
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Will 12-year-old Florida boy be sentenced to life?

A juvenile act of family violence that culminated in the death of a 2-year-old child from broken skull is likely to record a new chapter in jurisprudence history, with prosecutors intent on considering the accused, a 12-year-old, as an adult. Cristian Fernandez, a 12-year-old boy from Jacksonville, Florida, punched his younger brother to death. In normal course he would be put to trial as a juvenile defender, in which case he will be freed by the time he is in early 20s. However prosecutors say ...
Homepage of Sony Pictures Entertainment

Fresh Hack of 1 million Sony accounts, it's a Second Chance to Learn Lessons

The hacker group LulzSec kept its promise as tweeted on May 27--the group hacked Sony again on June 2, obtaining 1 million users' account information. What's Sony's next move given this second chance? We hope, and hopefully you do too, that the Japanese electronic giant will learn the lesson, at last.

Sony hacked again, over 1 million passwords were unencrypted

By now, it is obvious that Sony has made quite a few enemies among the security experts. LulzSec, a hacker group known for its claim of successful attacks on PBS and Fox.com, successfully hacked into Sony on Thursday, compromising account information of Sony's 1 million customers.
The facade of the New York Times building is seen in New York, November 29, 2010.

New York Times Appoints Abramson as First Woman Editor

The New York Times announced that current managing editor Jill Abramson will be the newspaper's next executive editor. Bill Keller, the executive editor for the last eight years, resigned from his post and will write a weekly column for a new Sunday opinion section.

Is Naomi Campbell 'chocolate' ad really racist?

Naomi Campbell is reportedly planning to take Cadbury to court for their chocolate commercial that compared the ramp diva to chocolate. She reacted fiercely to the commercial saying that, It's upsetting to be described as chocolate, not just for me, but for all black women and black people. It is insulting and hurtful. The ad features a picture of Cadbury's new chocolate bar, Bliss, underneath the caption, Move over Naomi, there's a new diva in town.

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