Apple says it fixed iPad security breach AT&T Inc. said it fixed a possible security breach that may have exposed the e-mail addresses of some Apple iPad 3G owners. The telephone company corrected the potential leak Tuesday, AT&T said in an e-mailed statement. The New York Times Co. advised staff to shut off wireless access on their iPads after learning of a breach involving AT&T, according to a memo confirmed by the New York Times. A group calling itself Goatse Security said it uncovered a breach that let it uncover e-mail addresses based on a unique code on SIM cards used in iPads. Gawker Media's Valleywag said Goatse handed over addresses of iPad owners.
Quitters outnumber job losers, finally More people quit their jobs in the past three months than were laid off -- a sharp reversal after 15 straight months in which layoffs exceeded voluntary departures. The trend suggests the job market is finally thawing. The government said Tuesday that the number of people quitting rose in April to nearly 2 million. That was the most in more than a year and an increase of nearly 12 percent since January. That compares with 1.75 million people who were laid off in April, the fewest since January 2007, before the recession began.
Cargill says Russia wheat shipment in dispute Cargill Inc. confirmed that a shipment of Russian wheat was delayed because of "discussions about acceptable levels of grass seed in the cargo." The Minnetonka-based grain distributor declined to comment on a report by Reuters that cited unidentified European traders as saying that inspectors blocked the shipment after finding poisonous weed seeds during routine tests. Francis De Rosa, a Cargill spokesman in Cobham, England, told Bloomberg News in an e-mail response, "At no point was the quality and safety of the wheat under scrutiny." Reuters reported that the cargo ship Oksywe was to have moved 32,500 metric tons of wheat from Russia to Egypt. De Rosa declined to name the wheat buyer or destination of the vessel.
Wholesalers' inventories up for 4th month Inventories held by wholesalers rose for a fourth straight month in April while sales rose for a 13th consecutive time. Both gains were encouraging signs for a sustained economic recovery. Wholesale inventories increased 0.4 percent last month after a 0.7 percent gain in March, the Commerce Department said Wednesday. Sales increased 0.7 percent in April, helped by higher demand for autos, lumber, computers and electrical equipment. The rise followed a 2.4 percent surge in March.
BP stock value drops nearly 16% BP stock sank to its lowest point in 14 years Wednesday as investors feared the company would be overwhelmed by the costs of the oil spill in the Gulf of Mexico, perhaps forcing it to cut its robust dividend to pay for the disaster. The stock dropped $5.45, or almost 16 percent -- its worst day since the Deepwater Horizon rig exploded seven weeks ago. The company has lost half its market value, $95 billion, in that time.
Study: U.S. falling behind in energy research The United States is badly lagging in basic research on new forms of energy, deepening the nation's dependence on dirty fuels and crippling its international competitiveness, a diverse group of business executives warn in a study to be released Thursday. The group -- which calls itself the American Energy Innovation Council and includes Bill Gates, the co-founder of Microsoft; Jeffrey R. Immelt, chief executive of General Electric; and John Doerr, a top venture capitalist -- urges the government to more than triple spending on energy research and development, to $16 billion a year. And it recommends creation of a national energy strategy board to guide investment decisions toward radical advances in energy technology.
CVS cutting Walgreens from drug network CVS Caremark Corp. said it will end rival Walgreen Co.'s participation in its retail pharmacy network starting in a month. The move would mean that people whose drug benefits are handled by Caremark would not be able to be reimbursed for prescriptions filled at Walgreens pharmacies. The companies had been at odds over reimbursement rates and a policy that Walgreen said was driving customers to CVS stores.
FROM NEWS SERVICES
