Cyberattack at JPMorgan Chase Also Hit Website of Bank’s Corporate Race (Dealbook)
The JPMorgan Chase Corporate Challenge website, which is managed by an outside vendor, has been conspicuously inaccessible since early August, with visitors to the site seeing only a lonely list of coming races. The link between the breach on that website and the broader attack, which the bank said did not compromise any financial information, has not been previously reported. The bank said it discovered the breach in the Corporate Challenge website on Aug. 7, about a week after it learned of the broader intrusion into its computer network. By infiltrating the race website, hackers were able to gain access to passwords and contact information for participants, the bank informed them.
Russian student selling 'crystallized' Mercedes on eBay (CNBC)
A London-based Russian business student took the phrase "bling, bling" to another level when she encrusted every inch of her Mercedes' exterior in Swarovski crystals. Daria Radionova, 21, paid laborers to apply 1 million crystals by hand to the 2011 Mercedes CLS 350. "I love it!" she enthusiastically said via email. But apparently not enough to keep it. She's selling it on eBay less than a month after commissioning it. The auction ends Thursday; the current highest bid stands at £154,600, or about $248,000.
Paul Singer drops Madeleine Albright’s firm amid Argentina conflict (NYP)
Albright, who has parlayed her extensive diplomatic ties into both a consulting firm and a hedge fund that invests in emerging markets, was hired by Singer to help in his rancorous debt dispute with Argentina, as reported exclusively by The Post. Albright, Singer hoped, would be able to bring Argentina officials to the bargaining table. The assignment backfired when Argentina President Cristina Kirchner publicly attacked Albright’s firm for meddling in the country’s affairs. Albright’s firm said Singer had a five-point plan to destabilize the Argentine government if it didn’t sit down and negotiate with the holdout creditors led by Singer, who won a court battle to get $1.6 billion, Kirchner claimed. Albright’s partner told officials that holdouts would hire journalists in Argentina and would delay negotiations until a new government linked to Singer’s interests was in power following the 2015 presidential election, the fiery Argentine president said. Albright’s firm, the Albright Stonebridge Group, denied delivering such a plan. But Argentina’s rebuff led Singer and Albright to end their association—at least for now.
Netflix CEO: 'We get addicted ... to beating our own numbers' (CNBC)
Netflix CEO Reed Hastings shrugged off the company's 700,000 subscriber shortfall for the most recent quarter. "We get addicted sometimes to beating our own numbers. So, for the last three quarters we underestimated our growth and overperformed," Hastings told CNBC. "This quarter, it was the other side." Investors reacted to the disappointing subscriber growth and lower-than-expected fourth-quarter projections by sending Netflix shares plunging in after-hours trading.
Winklevoss Index Becomes Available For iPhone & iPod Touch (NewsBTC)
Wednesday, the Winklevoss twins — Cameron and Tyler — announced on Reddit that the mobile version of their popular bitcoin price tracker, the WinkDex (also known as the Winklevoss Index) is now available...The Winklevoss twins also note that users can expect a whole lot more from the app in the near future. “We have a lot of awesome things in the pipeline, so expect some great updates shortly,” wrote one of the twins on Reddit.
Halloween Candy May Contain Marijuana, Denver Police Warn (HP)
With marijuana now legal in Colorado and cannabis candy a big part of the scene, Denver police are issuing an unusual warning ahead of Halloween. In short, they want people to know that not all candy is for kids. “With edibles gaining in popularity we thought it was important to alert the community to the possibility that it's easy to mistake what looks like regular candy with a marijuana edible,” Denver police spokesman Lt. Matt Murray told Fox31 Denver. The department recruited Patrick Johnson, owner of Urban Dispensary, to create a video showing how pot candies can resemble traditional candies. Johnson said some manufacturers of "knocked-off candy" buy sweets in bulk and then spray them with hash oil. Once the oil dries, there's no way to tell the difference. “The problem is that some of these products look so similar to candy that’s been on the market, that we’ve eaten as children, that there’s really no way for a child or a parent or anybody, even an expert in the field, to tell you whether or not a product is infused,” Johnson said in the video. He said that if kids bring home candy that don't look like something from a recognizable brand, toss it. However, some believe this may be unnecessary fear-mongering. "This is just another way for those who most benefit from marijuana prohibition to try to convince the public that prohibition protects children," wrote the Ladybud blog. "The real message here is that the average citizen should be wary of cannabis users; they might want to drug your kids and get them 'hooked' too."
Mexican Regulator Fines Citigroup’s Banamex Over Alleged Fraud
Mexico’s banking regulator said Wednesday it has fined the local unit of Citigroup Inc. a little more than $2 million for failing to prevent an alleged fraud against the bank by a client, oil-services firm Oceanografía. Citigroup said in February that its Mexican unit, Banamex, had been duped in an alleged accounting fraud by Mexican firm Oceanografía, which resulted in a pretax loss of about $400 million for the bank. Oceanografía hasn’t been charged with wrongdoing. After nearly two months under house arrest, Oceanografía Chief Executive and controlling shareholder Amado Yáñez Osuna was released in early June on $6.2 million bail. Mr. Yáñez, who is facing charges of bank fraud in Mexico, hasn’t made any comments on the matter.
Darden Board Names Operating Chief Lee As Interim CEO (WSJ)
Darden Restaurants said its new board named Gene Lee, who was previously the restaurant chain operator’s president and chief operator officer, as its interim chief executive as the search for a permanent leader continues...Starboard Chief Executive Jeffrey Smith will become non-executive chairman, the company said Tuesday. Starboard has long been critical of Darden, the Florida-based parent company of restaurants including Olive Garden, LongHorn Steakhouse and Capital Grille. Starboard outlined much of its recipe for change in a sweeping critique of Darden filed last month with the Securities and Exchange Commission, which recommended everything from spinning off higher-end chains to salting the pasta water at Olive Garden.
Freezing Eggs as Part of Employee Benefits: Some Women See Darker Message (The Upshot)
For women whose circumstances have made it unrealistic to have a baby and who are considering egg freezing, the new benefit is likely to be a highly welcome surprise — even if in some sense it may seem a logical extension of employee-sponsored health plans that already cover pregnancy, childbirth and some infertility treatments. Yet workplaces could be seen as paying women to put off childbearing. Women who choose to have babies earlier could be stigmatized as uncommitted to their careers. Just as tech company benefits like free food and dry cleaning serve to keep employees at the office longer, so could egg freezing, by delaying maternity leave and child-care responsibilities.
Apple Steals Its Own iPad Thunder With Photo Before Event (Bloomberg)
Apple, known for its strict secrecy ahead of product announcements, posted images and some details about its newest iPad tablets on its iTunes website briefly Wednesday, quickly grabbing the attention of company enthusiasts on the Internet before the information was removed. The company is holding an event today at its headquarters in Cupertino, California, where it is set to introduce a new version of its 9.7-inch (24.6-centimeter) iPad and the smaller iPad mini, a person familiar with the plan has said. Chief Executive Officer Tim Cook is aiming to reinvigorate the iPad line after sales of the tablets, Apple’s second-biggest product by revenue, have declined for two straight quarters. “Usually there is always a Vietnamese blogger or a Taiwanese blogger who will find a blueprint of the device days before it launches, but for Apple to make a mistake” is rare, Jean Philippe Bouchard, an analyst at IDC, said in a telephone interview.
Man attacked by bear, shot by friend and survives (UPI)
A 56-year-old Canadian man is in stable condition after being mauled by a grizzly bear before being shot by his friend who was trying to save him Sunday. Wilf Lloyd and his friend were hunting in Fernie, B.C., when they came across the bear. David Karn, of the Canadian Ministry of Environment, told NBC News Lloyd would not have survived the attack if his hunting partner had not shot and killed the bead. "The bear is a grizzly bear boar and it is believed at this time to be the only bear involved," he added.