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HTC America settles FTC mobile security failure charges

2013-02-22 22:15:00| Telecompaper Headlines

(Telecompaper) Mobile device manufacturer HTC America has agreed to settle Federal Trade Commission charges that the company failed to take reasonable steps to secure the software it developed for its smartphones and tablet computers, introducing security flaws which placed sensitive information about millions of consumers at risk. The settlement requires HTC America to develop and release software patches to fix vulnerabilities found in millions of HTC devices. In addition, the settlement requires HTC America to establish a comprehensive security programme designed to address security risks during the development of HTC devices and to undergo independent security assessments every other year for the next twenty years. The settlement also prohibits HTC America from making any false or misleading statements about the security and privacy of consumers' data on HTC devices.

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Tenaris Fourth-Quarter Profit Down 10% on One-Time Charges

2013-02-22 12:02:26| Steel - Topix.net

Tenaris SA's fourth-quarter earnings fell 10% as the Luxembourg-based steel-pipe manufacturer recorded impairment charges, masking wider margins.

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Walmart pressing felony theft charges against worker for eating Oreos

2013-02-22 00:22:15| Footwear - Topix.net

Walmart is pressing felony charges against a 63-year-old maintenance worker who ate Oreos and other snacks on the job without paying for them-because she was hungry and couldn't afford them on the $11.40 an hour she was earning after working at various Walmart stores for eight years.

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Criminal charges dropped against Chevron in Brazil

2013-02-21 23:52:18| Energy - Topix.net

A Brazilian federal court has dismissed criminal charges filed last year against Chevron Corp., driller Transocean Ltd.

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Sherwin-Williams agrees to add $80 million to ESOP to settle DOL charges

2013-02-21 23:52:15| Chemicals - Topix.net

Sherwin-Williams Co. , Cleveland, will put $80 million into its employee stock ownership plan to settle charges by the Department of Labor that it mismanaged the plan to take advantage of tax breaks.

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