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Nonprofit
school tech consortium picks learning management provider
Saginaw-based MiCTA, a national
non-profit technology consortium, has selected Wynnewood, Pa.-based
WebStudy Inc. as a Learning Management System vendor. "WebStudy
offers an exceptional combination of service and value to our membership,"
said Tim von Hoff, Chief Operating Officer of MiCTA. "Many of our
education members want to deliver online courses. MiCTA's partnership
with WebStudy will allow them to do that quickly and easily." More.
GolfersUnite.com
sets first golf outing
GolfersUnite.com,
a Brighton-based social networking Web site designed for Michigan golf
enthusiasts, is hosting its first golf outing on Monday, July 27 at
Oak Pointe Country Club. The outing, in partnership with Jeff Lesson
of LessonOnGolf.com, will begin at 8 a.m. with a 9 a.m. shotgun and
will be formatted as a two-man team, best ball tournament with the option
to compete as a single player. The cost is $60 per golfer. More.
NXGen
to change name to better reflect 'green' business
Saranac-based NXGen Holdings
Inc. said Wednesday that it would apply for a name and symbol change
to better reflect its new business model. NXGen officials said they
expect the approval process to take up to 30 days to complete. In addition
to building its wholly owned subsidiary, Green Bridge Industries, NXGen
Holdings will be looking to expand its presence mainly in the "green"
sector through partnerships and acquisitions. More.
THE WORLD IN TECH
Twitter
hacked by old technique again
Breaking into someone's
e-mail can be child's play for a determined hacker, as Twitter Inc.
employees have learned the hard way -- again. For the third time this
year, the San Francisco-based company was the victim of a security breach
stemming from a simple end-run around its defenses. In the latest case,
a hacker guessed the password for an employee's personal e-mail account
and worked from there to steal confidential company documents. The techniques
used by the attackers highlight the dangers of a broader trend promoted
by Google Inc. and others toward storing more data online, instead of
on computers under your control. More.
AT&T,
Midwest union reach tentative deal
AT&T
Inc. and its largest union have tentatively agreed on a new contract
for 18,500 employees in the Midwest. Leaders of the Communications Workers
of America, which has gone three months without a contract, reached
the deal after nearly five months of negotiations with AT&T. Union
members will vote on it in the next few days. The Dallas-based phone
company is still negotiating with the union in four other districts
and will start on a fifth one soon. Together, those talks cover nearly
100,000 workers. In addition, AT&T is negotiating with the International
Brotherhood of Electrical Workers in the Midwest, representing about
8,900 workers. AT&T spokesman Walt Sharp said the proposed three-year
contract with the CWA district covering Michigan, Illinois, Ohio, Wisconsin
and Indiana provides for wage increases of 3 percent for each of the
first two years and 2.75 percent for the last. More.
PC
shipments down 3 percent, less than expected in second quarter
Worldwide personal computer shipments declined
at a gentler pace than expected in the second quarter as consumers snapped
up inexpensive laptops, two technology research groups said Wednesday.
Still, the figures point to 2009 being the industry's first full year
in decline since 2001. IDC, a research group based in Framingham, Mass.,
said global PC shipments fell 3 percent in the second quarter, not the
6 percent its analysts had predicted. A second group, Stamford, Conn.-based
Gartner Inc., estimated shipments sank 5 percent, better than the nearly
10 percent decline expected. IDC and Gartner results differ because
the groups use different methods to track the industry. More.
TripAdvisor
warns of hotels posting fake reviews
The
hotel review may sound too good -- citing obscure details like the type
of faucets -- or perhaps one stands out as the only negative rating
of an otherwise popular location. The influential travel Web site TripAdvisor
has been quietly posting disclaimers to warn customers of hotels writing
fake reviews to improve their popularity rankings or hurt competitors.
The red disclaimers near the names of hotels show that TripAdvisor has
a problem with fake reviews, travel bloggers and industry experts say.
One blogger, Jeff Tucker, warned that without changes to restore credibility
to the reviews the site is "going to come crumbling down behind
them." More.
Stocks:
Strong results at Intel push markets sharply higher
The nation's big companies
are giving investors a reason to restart Wall Street's spring rally.
Stocks surged Wednesday for the second time in three days, propelling
all the major indexes up about 3 percent and the Dow Jones industrials
up 257 points for their biggest one-day gain in nearly four months.
An upbeat forecast from Intel Corp. and the Federal Reserve's more positive
take on the economy built on momentum that began Monday when an analyst
issued an optimistic forecast for Goldman Sachs Group Inc. The news
had investors believing again that the economy may not be as weak as
many have feared. Wall Street had drifted lower over the past month,
putting its big spring rally on hold as hopes for a quick recovery faded.
More.
The Nasdaq Composite Index (COMP)
rose 63.17 percent or 3.5 percent, to 1,862.9. The Dow Jones Industrial
Average ($INDU)
jumped 256.72 points or 3.1 percent to 8,616.21. The Philadelphia Semiconductor
Index ($SOX)
rose a sharp 11.95 points or 4.4 percent to 281.56. The Morgan Stanley
High Tech 35 Index (MSH)
rose 18.9 points or 4.2 percent to 464.18. The NYSE Arca Pharmaceutical
Index (DRG)
rose 2.47 points or 0.9 percent to 266.07. The NYSE Arca Biotech Index
(BTK)
rose 14.76 points or 2.3 percent to 664.71. Finally, the Standard &
Poor's 500 (SPX)
rose 26.84 points or 3 percent, to 932.68.
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