IRS chief declines to identify employees involved in scandal

Outgoing acting IRS Commissioner Steven Miller is sworn-in during a House Ways and Means Committee hearing on the Internal Revenue Service targeting conservative groups on Capitol Hill in Washington

(Reuters) - The outgoing head of the U.S. Internal Revenue Service angered Republican lawmakers on Friday by resisting their demands that he identify who at the tax-collection agency had inappropriately targeted conservative groups for extra scrutiny. But during the first hearing into a growing IRS scandal that could preoccupy Washington for months, Republicans did learn that a top official in President Barack Obama's administration knew that the IRS was looking into targeting by the tax … [Read more...]

How Will Adding Intelligence to Everyday Things Change Your World?

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On a global level, we are adding connected intelligence to both machines and objects using chips, micro sensors, and both wired and wireless networks to create a rapidly growing “Internet of things” sharing real-time data, performing diagnostics, and even making remote repairs. Many jobs will be created as we add intelligent connected sensors to bridges, roads, buildings, homes, and much more. By 2020, there will be well over a billion machines talking to each other and performing tasks … [Read more...]

Google Now Introduces Mark Up Tools For Select Partners To Flag Flights, Hotel Stays And Reservations In Emails

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Google made a relatively quiet announcement today regarding how it’s pushing the developer ecosystem forward around Google Now, its intelligent personal assistant for Android devices. The company has begun extending mark up tools for emails from select partners, which help highlight flight schedules, hotel bookings and various types of reservations, to make sure that Gmail can spot that information and use it to auto-generate helpful reminders in Google Now. The extension of the platform … [Read more...]

Jets’ Mike Goodson arrested

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New York Jets running back Mike Goodson was arrested Friday morning on drug possession and weapon charges, according to the New Jersey state police. Goodson was found with another man stopped in the center-left lane on Interstate 80 in Denville, N.J., just after 3 a.m. ET, police said. A tow truck driver found them and called 911 due to concerns about the physical condition of Goodson, who was in the passenger seat of a GMC Yukon SUV. He was transported to St. Clare's Hospital, then … [Read more...]

Google Glass Can Now Do More: Facebook, Twitter and Tumblr Apps Released for Glasses

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Google might have been mum on its much-buzzed-about glasses on day one of its big Google I/O Developer's Conference, but today the company has announced a series of new Glass-based applications. Twitter, Facebook, Tumblr and Elle magazine all unveiled new applications for the connected glasses, which overlay digital information in the physical world. The Twitter, Facebook and Tumblr options all allow Glass wearers to share their photos on the respective social networks straight from the … [Read more...]

One issue holding up Apple iRadio: The economics of skipping songs

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Apple wants to roll out its streaming music service this summer, but it's still hammering out details with Sony Music over some very specific terms. Apple, which has been aiming for a summer rollout of a streaming music service, has hit a negotiating snag with Sony Music over some of the features that it is building into its product. More specifically, Apple and Sony Music, the world's second-largest music label, are still trying to hammer out details over how much Apple would pay … [Read more...]

A Year After Its Debut, Facebook Still Looks Overpriced

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Is it time to buy Facebook FB +0.46% ? A year after its turbulent public debut, shares in the social-networking giant are still 31% below their offering price. Yet, with virtually no earnings over the past 12 months, Facebook's price/earnings ratio is in the stratosphere—more than 2,000-to-1, in fact—compared with just 19-to-1 for the Standard & Poor's 500-stock index. Many of Facebook's defenders try to wriggle out from this damning comparison by arguing that the … [Read more...]

Facebook traffic may have plateaued but profit potential is looking up

Facebook: the upstart apps that are jostling for space

Younger users may be leaving for apps such as Instagram or WhatsApp but data shows Facebook is still very strong The memory of Facebook's painful stock market debut a year ago today is at last beginning to fade. Not for investors who bought at the opening price of $38 – their shares are still trading 70% below that – but by other measures the world's largest social network has made seemingly unstoppable progress. In October, founder Mark Zuckerberg announced in a status update on … [Read more...]

Financial Times Tech Blog and Twitter Accounts Hacked

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The Financial Times said its Tech Blog and various Twitter accounts were hacked on Friday by a group identifying itself as the Syrian Electronic Army. "Apologies, we have been hacked and you may see tweets not from the FT," the news organization wrote on its Financial Times Live Twitter feed. Seconds before the note was published, two messages populated the newspaper's Twitter feed, including one stating "Syrian Electronic Army Was Here," and another including a link to a YouTube … [Read more...]

What Does an Angry Customer Cost?

What Does an Angry Customer Cost?

The byproducts of happy clientele are obvious. Sales rise. Stores fill. Facebook "likes" stream in. These promoters recommend the companies they like to their friends. The cost of detractors—a company’s "haters"—is less clear to many business leaders. For one thing, they may still do business with you — even though they don't like it and they make sure their friends and your employees know they don’t. By the time their irritation is evident in traditional metrics—declining sales, … [Read more...]

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