After a stomach-churning session, stocks pulled back from the depths Monday afternoon, recovering their losses as concerns over Europe's recovery eased. The euro reversed course and oil stayed above the key $70 a level.
The Dow Jones Industrial Average, which had plummeted 185 points earlier in the day, closed at 10625.83, or up 5.67. The Nasdaq Composite Index closed up 7.38 to end the day at 2354.23, while the S&P 500 squeaked back up above where it had started the day, up 1.26 points to close at 1136.94.
The roller-coaster ride was driven largely by concerns over currency and commodity markets. Roiled all morning by worries about Europe's recovery from its recent credit crisis and possible moves by China to cool its economy, the U.S. markets recovered throughout the afternoon as those worries faded. Traders seemed to be focusing more on the improving economic picture in the U.S.
"The trade of commodities versus stocks is beginning to look overdone," said Art Hogan, chief market analyst at Jefferies & Co. "You have to figure that there are some reasons to be concerned about demand, but in a couple of weeks, we haven't wiped out 20 percent or so of demand, which is how much some of these things have moved."
Losing calories so the rest of us can, too.
With obesity statistics
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off the chart and the White House focusing on ways to reverse this American epidemic, some of the country's largest food companies said Monday they would take 1.5 trillion calories out of their products by 2015 as a way to help keep kids from becoming overweigh.
It's called the Healthy Weight Commitment Foundation, and a coalition of retailers, food and beverage manufacturers and industry trade associations pledged to cut the calories on the supermarket shelves as part of an agreement with a group of nonprofit organizations concerned with childhood obesity.
"This is precisely the kind of private sector commitment we need," said first lady Michelle Obama, who has embraced the anti-obesity campaign with her own "Let's Move" program.
Food companies have seen the writing on the wall: national and local efforts to raise food taxes and a rising tide of lawmakers preparing to write anti-obesity measures have combined to make the subject of healthier foods a national priority.
The industry foundation said the companies will introduce lower calorie foods, change product recipes and reduce portion sizes to achieve the goal, seeking to reduce 1 trillion of the 1.5 trillion by 2012.
AirTran pilots to picket outside annual meeting
The airline's pilots union said Monday they plan to picket outside the discount carrier's annual meeting in Milwaukee to step up pressure on management over the workers' more than five-year effort to secure a new contract with better wages and quality-of-life improvements.
Saying the 1,650 pilots i represents are paid less than those at several other major carriers who have the same years of service and operate the same type of aircraft, the union's also expected to announce at Tuesday's meeting that rank-and-file pilots have authorized the union to call a strike if it chooses.
At stake is AirTran's low-cost advantage over larger rivals that has allowed it to lead the way on fare sales and usually still turn a profit. AirTran posted a small loss for the first quarter but said it expects future cost pressures from fuel and maintenance. Additional labor costs could further affect its bottom line.
Elsewhere in the industry, United Airlines is negotiating with all of its major unions, including its pilots. American Airlines is still negotiating with pilots, flight attendants and some ground workers, and Continental Airlines also is in talks with its pilots.
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Cyber crooks target web applications
Cyber crooks are increasingly targeting the growing array of Web applications — everything from interactive maps to stock tickers — potentially giving them access to the credit card and Social Security numbers of people using those sites.
Despite the increased security threat, experts say, some Silicon Valley companies and others that make the software enabling many of these online features aren't responding quickly to fix the flaws.
"It's a wild, wild world out there," said Mandeep Khera, chief marketing officer at Santa Clara-based Cenzic, which sells software to help ward off hackers. Despite a growing effort to beef up security on the Internet, he added, "consumers need to be aware of how vulnerable most of these websites are."
Hoping to attract the public, businesses and others on the Web in recent years have added more and more applications. This includes multimedia players, document readers, auction features, reservation systems, video games, calendars, stock tickers, currency converters and e-commerce payment systems.
But to make those features work requires layers of sophisticated software. And keeping all that code free of the cracks that crooks can infiltrate isn't easy, according to Tom Cross, manager of IBM's X-Force Advanced Research unit, which monitors cyber threats,
"The reality is that the more complicated this code gets, the more potential for vulnerabilities there is," he said. "We're also
Advertisementseeing an increased sophistication in the people committing these kinds of crimes."
In March, Miami computer hacker Albert Gonzalez was sentenced to 25 years in prison for orchestrating one of the nation's largest credit- and debit-card thefts, which he and his cohorts carried out after identifying vulnerabilities in various businesses' websites.
In January, Google revealed that a series of cyber attacks originating from China had pilfered its intellectual property and targeted about 30 other Silicon Valley companies.
In July last year, Twitter acknowledged that a French hacker who broke into its site had accessed sensitive company documents and, reportedly, the accounts of President Barack Obama.
"Every 1.3 seconds a new Web page is getting infected," according to a recent report by Dasient, an Internet security firm in Palo Alto. "Users who interact on the Web "... are therefore at great risk."
"It's pretty bad out there now," agreed Jeremiah Grossman, chief technology officer of Santa Clara-based WhiteHat Security, which helps website operators spot vulnerabilities. But given how fast applications are being added to the Internet, he predicted, "it's likely to get worse."
The danger is acute for consumers, experts add, because just visiting a site can leave them exposed to a cyber attack.
Much of the software incorporated into Web applications comes from big corporations, some based in Silicon Valley. But the speed with which they fix the problems varies greatly, according to a study in February by IBM's X-Force group.
By the end of 2009, the report said, Oracle left 38 percent of such flaws without patches, Google 25 percent and Apple 22 percent. Hewlett-Packard, Adobe Systems, Cisco Systems and Mozilla failed to provide patches for just 5 percent or less of what it called "their critical and high vulnerabilities."
Oracle declined to discuss the study and Apple did not respond to a Mercury News request for comment. But Google issued a statement disputing the study's accuracy, saying "a sizable number of flaws" the report claimed hadn't been fixed actually were. "Google contributes substantial resources and expertise not only to improving the security of our own products but also to enhancing the security of the broader web," the statement added.
Several security experts said such differences of opinion can happen because not everyone agrees on what constitutes a vulnerability. Moreover, they said, many website operators use their own customized software and often aren't aware of the weaknesses lurking in their applications.
Even when holes are identified, those responsible for sealing them may be reluctant to do so because of the cost. Some flaws can be patched for a few thousand dollars, experts said. But to design, test and widely disseminate a complicated fix for a major glitch, "you are talking in the millions of dollars," said Francis deSouza, a senior vice president at Symantec of Mountain View, which provides information security services.
Another problem, experts said, is that colleges and universities do not routinely teach software engineering students how to keep crooks from compromising their code. Plus, the wide variety of software used for Web applications makes it difficult to establish uniform protections for the public.
"It's like editing a book with people of all different grammar styles," said Rob Lee, a faculty fellow at the SANS Institute, a Maryland-based cybersecurity education organization. "Are you going to catch every mistake? It's a challenge, but it's one that needs to be taken on." Take my hand
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Despite the increased security threat, experts say, some Silicon Valley companies and others that make the software enabling many of these online features aren't responding quickly to fix the flaws.
"It's a wild, wild world out there," said Mandeep Khera, chief marketing officer at Santa Clara-based Cenzic, which sells software to help ward off hackers. Despite a growing effort to beef up security on the Internet, he added, "consumers need to be aware of how vulnerable most of these websites are."
Hoping to attract the public, businesses and others on the Web in recent years have added more and more applications. This includes multimedia players, document readers, auction features, reservation systems, video games, calendars, stock tickers, currency converters and e-commerce payment systems.
But to make those features work requires layers of sophisticated software. And keeping all that code free of the cracks that crooks can infiltrate isn't easy, according to Tom Cross, manager of IBM's X-Force Advanced Research unit, which monitors cyber threats,
"The reality is that the more complicated this code gets, the more potential for vulnerabilities there is," he said. "We're also
Advertisementseeing an increased sophistication in the people committing these kinds of crimes."
In March, Miami computer hacker Albert Gonzalez was sentenced to 25 years in prison for orchestrating one of the nation's largest credit- and debit-card thefts, which he and his cohorts carried out after identifying vulnerabilities in various businesses' websites.
In January, Google revealed that a series of cyber attacks originating from China had pilfered its intellectual property and targeted about 30 other Silicon Valley companies.
In July last year, Twitter acknowledged that a French hacker who broke into its site had accessed sensitive company documents and, reportedly, the accounts of President Barack Obama.
"Every 1.3 seconds a new Web page is getting infected," according to a recent report by Dasient, an Internet security firm in Palo Alto. "Users who interact on the Web "... are therefore at great risk."
"It's pretty bad out there now," agreed Jeremiah Grossman, chief technology officer of Santa Clara-based WhiteHat Security, which helps website operators spot vulnerabilities. But given how fast applications are being added to the Internet, he predicted, "it's likely to get worse."
The danger is acute for consumers, experts add, because just visiting a site can leave them exposed to a cyber attack.
Much of the software incorporated into Web applications comes from big corporations, some based in Silicon Valley. But the speed with which they fix the problems varies greatly, according to a study in February by IBM's X-Force group.
By the end of 2009, the report said, Oracle left 38 percent of such flaws without patches, Google 25 percent and Apple 22 percent. Hewlett-Packard, Adobe Systems, Cisco Systems and Mozilla failed to provide patches for just 5 percent or less of what it called "their critical and high vulnerabilities."
Oracle declined to discuss the study and Apple did not respond to a Mercury News request for comment. But Google issued a statement disputing the study's accuracy, saying "a sizable number of flaws" the report claimed hadn't been fixed actually were. "Google contributes substantial resources and expertise not only to improving the security of our own products but also to enhancing the security of the broader web," the statement added.
Several security experts said such differences of opinion can happen because not everyone agrees on what constitutes a vulnerability. Moreover, they said, many website operators use their own customized software and often aren't aware of the weaknesses lurking in their applications.
Even when holes are identified, those responsible for sealing them may be reluctant to do so because of the cost. Some flaws can be patched for a few thousand dollars, experts said. But to design, test and widely disseminate a complicated fix for a major glitch, "you are talking in the millions of dollars," said Francis deSouza, a senior vice president at Symantec of Mountain View, which provides information security services.
Another problem, experts said, is that colleges and universities do not routinely teach software engineering students how to keep crooks from compromising their code. Plus, the wide variety of software used for Web applications makes it difficult to establish uniform protections for the public.
"It's like editing a book with people of all different grammar styles," said Rob Lee, a faculty fellow at the SANS Institute, a Maryland-based cybersecurity education organization. "Are you going to catch every mistake? It's a challenge, but it's one that needs to be taken on." Take my hand
put all this behind us
warm hand
She is the love of my life
What do you want from the future?
http://www.cgceresio.ch/forum
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