Utilities - CybAI news

09 Aug

Samsung Recalls Million-Plus Electric Stoves After Fire Reports

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Samsung Electronics Co. is recalling more than 1.1 million electric stoves sold in the US since 2013, following reports of 250 fires that damaged property, killed pets and injured about 40 people.South Korea’s largest company is offering free locks and covers to buyers of more than a dozen stove models, which help ensure their front-mounted range knobs stay in the “off” position, according to a notice posted on the US Consumer Product Safety Commission’s website. Samsung sold the stoves through retailers from Best Buy to Costco nationwide for between $1,250 and $3,050, the notice read. Source link lol

08 Aug

Pitney Bowes to Liquidate Ecommerce Unit in Bankruptcy

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Shipping firm Pitney Bowes Inc. agreed to liquidate much of its ecommerce business in bankruptcy as part of a deal with Hilco Global.Under the agreement, affiliates of Hilco agreed to buy a controlling stake in the ecommerce business and then sell it off piecemeal, according to a statementBloomberg Terminal from Pitney Bowes. The ecommerce entities filed for Chapter 11 bankruptcy Thursday, listing debts and assets of as much as $500 million each. Source link lol

08 Aug

Apple’s Mac Mini With M4 Chip Will Be Its Smallest Computer Ever

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Apple Inc. is planning a new version of the Mac mini that will be its smallest desktop computer yet, part of a broader overhaul of the Mac line with AI-focused chips.The new model — due later this year — will mark the first major design change to the mini since it was revamped under Steve Jobs in 2010, according to people with knowledge of the matter. The device will be far smaller than its predecessor, approaching the size of an Apple TV set-top box, according to the people, who asked not to be identified because the work is secret. Source…

07 Aug

Cyber Researchers Push Water, Oil Utilities to Fix Weak Spots

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Outside interference remains too easy despite frequent warnings, experts warn. Source link lol

07 Aug

HPE’s $14 Billion Juniper Deal Wins UK Antitrust Approval

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Hewlett Packard Enterprise Co.’s $14 billion deal to buy Juniper Networks Inc. was cleared by the UK’s antitrust watchdog, paving the way for the firm to expand its presence in networking.The Competition and Markets Authority said Wednesday it had cleared the tie-up after investigating whether it would cause a substantial lessening of competition in the UK. The EU similarly wavedBloomberg Terminal through the deal last week, saying it did not raise competition concerns in the markets examined. Source link lol

07 Aug

Micron Resumes Buybacks That Had Been Suspended Amid Downturn

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Micron Technology Inc. is resuming a stock buyback program that it had suspended nearly two years ago during an industry downturn. Shares gained on the news. The largest US maker of computer memory chips sells a vital component of artificial intelligence hardware — high-bandwidth memory — that works with processors from Nvidia Corp. to crunch data. While its earnings forecast last month failed to impress investors, the company has been hailed as one of the biggest potential beneficiaries of the generative AI boom. Source link lol

07 Aug

Swiss Chipmaker U-Blox to Review Options for Connectivity Unit

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Swiss chipmaker U-Blox Holding AG will review strategic options for its connectivity business and plans to expand a cost-cutting initiative, citing “muted” market conditions. U-Blox didn’t elaborate on its plans for the connectivity unit, which sells modules that can be built into equipment used to operate cellular networks. It said Wednesday that revenue declines in the business was “more pronounced” than for overall sales. The stock dropped as much as 3.1% before rebounding. Source link lol

06 Aug

TSMC Named Top Pick at Morgan Stanley After Record Selloff

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Taiwan Semiconductor Manufacturing Co. is being touted as a “top pick” by Morgan Stanley after its shares plunged by a record Monday amid the global stock rout.“We like TSMC’s quality and defensive nature during an elongated semi downcycle,” Morgan Stanley analysts including Charlie Chan wrote in a note published Monday. The stock is trading at 16 times projected earnings estimates for 2025, a valuation the analysts say is “attractive again.” Source link lol