Archive for November, 2012

Oops! Twitter admits passwords reset unnecessarily

UPDATE: Twitter is now apologizing for prompting more people than necessary to change their passwords after believing some had been compromised.

In a posting this afternoon, Twitter acknowledged,  “We unintentionally reset passwords of a larger number of accounts, beyond those that we believed to have been compromised.”

The micro-messaging site said that when it believes an account may have been compromised, “we reset the password and send an email letting the account owner know this has happened along with information about creating a new password. This is a routine part of our processes to protect our users.”

But in this case, Twitter said it had mistakenly reset accounts that didn’t need to be reset. “We apologize for any inconvenience or confusion this may have caused.”

EARLIER REPORT: Twitter is alerting an unknown number of users that they should change their passwords because their accounts may have been compromised.

The popular micro-messaging service didn’t …

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Some CEO’s in grim mood over election outcome

Donald Trump’s not the only corporate executive not looking forward to a second term in the White House for President Barack Obama.

CEOs from around the country are weighing in on their disappointment with Tuesday’s election results.

Here’s a sampling from around America …

From Bloomberg Businessweek:

Andrew Puzder, chief executive officer of Hardee’s owner CKE Inc., said he was “sad and depressed” after Republican Mitt Romney’s defeat and expects the economy “to stay bad with the possibility of being horrific.”

And Aetna CEO Officer Mark Bertolini said the insurer may freeze hiring or cut jobs if Obama and Republicans don’t avoid next year’s so- called fiscal cliff of tax increases and spending cuts.

From The Wall Street Journal:

Robert Reynolds, Putnam Investments, said: “Our country is craving leadership, bold direction and greater certainty from Washington, D.C. Clearly, the status quo approach to addressing our fiscal health, stimulating economic growth and laying the …

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Gas gougers charge $30 a gallon post-Sandy

Complain if you will about the price of gas here, but it could be worse: You could be in the Northeast, where Superstorm Sandy has prompted gougers to take full advantage of the situation.

Drivers needing fuel but unwilling or unable to sit through long gas station lines there have turned to Craigslist as an option.

Convenient, perhaps. But at a  price.

Prices have been reported as high as $30 a gallon, according to CNN/ which noted that the average cost of a gallon of gas is $3.96 in New York and $3.62 in New Jersey.

Rationalized one seller in Brooklyn:  “Why wait five  hours for gas?” He was selling it at $15 a gallon.

The report notes that, “attorneys general in New York and New Jersey have warned sellers against excessive price gouging, which is illegal in both states. The officials say they’ve received hundreds of complaints about high prices for gas and other essentials in the aftermath of the storm, and have vowed to investigate.”

Continue reading Gas gougers charge $30 a gallon post-Sandy »

Post Properties CEO: ‘If someone sees something in you, run with it’

As CEO of Post Properties for the past decade, Dave Stockert has become a familiar figure to many in the local business community. But he became more broadly known during the past year when he stepped into the political arena, leading the failed effort to pass the controversial transportation referendum in metro Atlanta.

Dave Stockert

Dave Stockert

Stockert, 50, took on that role while steering his company beyond the recent housing collapse. Apartment owners like Post, which expects $325 million in revenue this year from renting more than 22,000 apartment units nationally, have been doing relatively well recently, recovering quicker than the single-family sector has. Stockert talks about managing through the recession, the unsuccessful T-SPLOST referendum and what he belatedly learned from his father.

Q: You have a better appreciation for the importance of maintaining a good work-life balance than you once had. Would you please discuss?

A: I grew up in Denver. My dad was a lifer at IBM, …

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Apple iPad Mini hits store shelves

(Associated Press)

(Associated Press)

(Updated 4:39 p.m.)

Apple’s new iPad Mini hit store shelves Friday but indications are the lines that greeted its older sibling were not as long in many areas of the country this time around.

From New York City to Palo Alto, Calif., to Atlanta, diehard Apple and iPad fans were at stores before they opened to purchase or just get a feel for the new 7.9-inch Mini. Pre-orders were taken two weeks ago.

Metro Atlanta Apple stores were selling Wi-Fi-only models of the Mini, which is about two-thirds the size of the 9.7-inch iPad, 53 percent lighter and 23 percent thinner.

One local store was telling customers by 2:30 p.m. that they only had black 16GB Minis, having already sold out of black and white 32GB and 64GB models. The Wi-Fi and cellular combined models were expected to go on sale in a few weeks.

The Wi-Fi-only 16GB model sells for $329, 32GB for $429 and 64GB for $529. The Wi-Fi plus cellular models include 16GB for $459, 32GB for $559 and …

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Sandy slows auto sales, but may drive need for replacements

Superstorm Sandy is having an impact on the economy in so many ways. One industry that’s been affected is autos, with car sales less than expected in October as a result of the storm.

According to MarketWatch, “October car sales came up well short of hopes for most auto makers, as Hurricane Sandy washed away business at the end of the month. All of the Big Three U.S. auto makers experienced weaker volumes than expected, sales data showed Thursday.”

One analyst said, however, that Sandy might actually boost sales in the near future as people have to replace vehicles lost in the storm. The only hitch is that storm-damaged dealerships in the Northeast will have to get back into full selling mode fast to take advantage of that expected demand.

Overall, U.S. auto sales still were up 7 percent  in October from the same month in 2011. Only Nissan declined from a year ago.

Continue reading Sandy slows auto sales, but may drive need for replacements »

In Sandy, “worthless” pay phones show value

One of Superstorm Sandy’s effects on New Yorkers has been to drive them back to the technological stone age.

Huffington Post reports that because of limited or non-existent cellular coverage in the area, smart phones have been useless. That has caused users to turn back the clock … to public pay phones.

Remember those?

The story notes that, “… the storm has enabled the return of the long-ignored public pay phone. On Tuesday, a line of the disconnected waited to use a payphone in the West Village, some of them making what was surely their first pay phone call in many years. In the East Village, a young boy tugged on his mother’s sleeve in delight as change returned to the coin slot after an unanswered call. On Broadway below Union Square, two men in New York Giants sweatshirts operated a payphone in tandem: One dialed the phone while the other read out the number from a cell phone, the device in his hand reduced to a $700 address book.”

Who’d a believed it?

The piece notes that …

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