Financial
Honda 3Q profit doubles, sales get weak yen boost PDF  | Print |  E-mail
Written by YURI KAGEYAMA, AP Business Writer   
Friday, 31 January 2014 07:17

TOKYO (AP) — Honda's quarterly profit doubled from a year earlier as sales got a big perk from a weak yen.

Honda Motor Co. reported on Friday a 160.7 billion yen ($1.58 billion) net profit for the October-December fiscal third quarter, up from 77.4 billion yen the year before.

The maker of the Fit subcompact, Odyssey minivan and Asimo humanoid, posted a 25 percent jump in quarterly sales to 3.02 trillion yen ($29.6 billion).

A favorable exchange rate helped Honda's fortunes. The dollar has been trading above 100 yen compared with about 80 yen a year earlier. A weak yen helps lift the value of Japanese exporters' overseas revenue.

About 425 billion yen ($4.2 billion) of Honda's sales and other operating revenue was due just to a favorable currency for the quarter.

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California cracks down on computer boot camps PDF  | Print |  E-mail
Written by Associated Press   
Friday, 31 January 2014 07:06

SAN FRANCISCO (AP) — California consumer protection officials are threatening to close a number of fast-paced, fast-growing computer coding boot camps that train people to work in the technology industry, saying they failed to get licensed as private schools before they started accepting students.

The Bureau for Private Postsecondary Education issued citation letters this month to at least six computer-programming academies in the San Francisco Bay Area, according to Dev Bootcamp co-founder Shereef Bishay, whose 2-year-old, nine-week program is the oldest of the group. The letters order the schools to immediately stop enrolling students and to issue refunds to past students until they receive approval to operate.

The schools could be fined $50,000 if they fail to comply, according to the orders, which first were reported by the online news site Venture Beat.

Bishay said his company is eager to satisfy the state and already has submitted a lengthy application outlining the $12,000-a-session boot camp's curriculum, completion rate, testing methods and other details. But with 60 people now taking classes and hundreds more signed up through mid-summer, suspending the program while awaiting word from the postsecondary education bureau is unfeasible, he said.

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Yahoo email account passwords stolen PDF  | Print |  E-mail
Written by Associated Press   
Friday, 31 January 2014 07:08

NEW YORK (AP) — Usernames and passwords of some of Yahoo's email customers have been stolen and used to gather personal information about people those Yahoo mail users have recently corresponded with, the company said Thursday.

Yahoo didn't say how many accounts have been affected. Yahoo is the second-largest email service worldwide, after Google's Gmail, according to the research firm comScore. There are 273 million Yahoo mail accounts worldwide, including 81 million in the U.S.

It's the latest in a string of security breaches that have allowed hackers to nab personal information using software that analysts say is ever more sophisticated. Up to 70 million customers of Target stores had their personal information and credit and debit card numbers compromised late last year, and Neiman Marcus was the victim of a similar breach in December.

"It's an old trend, but it's much more exaggerated now because the programs the bad guys use are much more sophisticated now," says Avivah Litan, a security analyst at the technology research firm Gartner. "We're clearly under attack."

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Columbia Univ. raises $6.1B in capital campaign PDF  | Print |  E-mail
Written by Associated Press   
Friday, 31 January 2014 07:04

NEW YORK (AP) — Columbia University has raised a whopping $6.1 billion in its most recent capital campaign.

The Ivy League school in New York City started the fundraising in 2006 and finished at the end of last year.

Columbia President Lee Bollinger said in an email to alumni Thursday that more than $1 billion of the new funds will go toward student financial aid, and another $1 billion for dozens of new campus projects, including the school's expansion into its West Harlem neighborhood.

Columbia is not the only American university with lofty fundraising goals. Harvard wants to raise $6.5 billion by 2018.

Bollinger says the money for Columbia came from donors in about 140 countries.


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