FBI investigating hacking attack on JPMorgan

job killing jpmorgan


The FBI is investigating a hacking attack on JPMorgan Chase (JPM) that caused a data breach, according to a U.S. official familiar with the probe.

A U.S. official told CNN the extent of the damage from the attack and where it came from have not yet been determined.

“Companies of our size unfortunately experience cyberattacks nearly every day. We have multiple layers of defense to counteract any threats and constantly monitor fraud levels,” a JPMorgan spokesperson said.

Related: 10 Western companies getting slammed in Russia

The bank declined to comment further, but the FBI said it was working on a broad investigation into recent attacks.

“We are working with the United States Secret Service to determine the scope of recently reported cyber attacks against several American financial institutions,” the

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Diane Sawyer’s no-fuss sign off from ABC’s ‘World News’

Diane Sawyer out as ABC World News anchor 

One might be tempted to say that Diane Sawyer’s tenure on the ABC evening newscast “World News” is ending the same way it began: quietly.

Sawyer signed off on Wednesday night, a few days before her successor David Muir will officially take the helm.

“With gratitude for these years, I thank you,” Sawyer said at the end of her broadcast, “and I’ll see you right back here on ABC News very soon.”

ABC and Sawyer have made almost no fuss about her sign-off, seemingly employing the same strategy that worked when she took over for Charles Gibson just a few days before Christmas in 2009. There was no prime time retrospective or farewell tour — merely a tribute segment at the end

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Top employees to see big bonuses this year and next

company bonus


Are you a superstar on the job, exceeding all of your company’s goals? Good news: You’re likely to get a boffo bonus for this year and most likely next year, too.

Companies are setting aside a record high level of payroll (12.7%) for variable, performance-based pay, according to a new survey by Aon Hewitt.

The reason: to attract and retain talent.

As the job market has gotten stronger, lots of companies are competing for the best workers, and that’s pushed more firms to offer bonuses related to performance, according to Ken Abosch, leader of Aon Hewitt’s compensation practice.

A full 91% of companies surveyed this year said they have a variable pay program. Back in 2005, only 78% did.

So what does a bigger bonus budget at a company mean for the average person?

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7 companies that keep more than $50 billion offshore

50 billion offshore
Companies like Apple that do business abroad can delay paying U.S. taxes on the billions of dollars they keep offshore, indefinitely.


Politicians are up in arms over the growing wave of U.S. corporations hooking up with foreign companies as a way to lower their U.S. tax bills.

But for some, a merger,known as an inversion, isn’t the method of choice for paring a tax bill. There’s another way to pay less in U.S. taxes, without relocating headquarters.

Plenty of companies that do business abroad delay paying big bucks to Uncle Sam by leaving foreign profits abroad, indefinitely. As long as they don’t bring that money back home and reinvest it in the business, they don’t have to pay U.S. tax on it.

Microsoft, for example, said that it lowered its tax bill by $29.6

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U.S. runs out of investor visas as Chinese overwhelm program

china us visas


The United States has exhausted its annual supply of EB-5 immigrant investor visas for the first time in the program’s history following a surge of applications from Chinese nationals.

The State Department’s chief of visa control, Charles Oppenheimer, told lawyers at an industry conference earlier this week that no more spots will be available to Chinese for the rest of the fiscal year, which ends Sept. 30. Several attendees confirmed his comments to CNNMoney.

Known as EB-5, the immigration program offers a green card to any foreigner willing to invest at least $500,000 and create 10 jobs in America.

No more than 10,000 of the visas are allowed every year, and this will mark the first time the quota has been reached since the program’s inception in 1990.

“It’s like the movie house is sold

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Cooler raises $10.5 million — a Kickstarter record

coolest cooler update
Ryan Grepper’s creation has raised $10.4 million on Kickstarter — and it’s still going.


It’s official: The Coolest Cooler is living up to its name.

With nearly 50,000 Kickstarter backers pledging over $10.5 million, the “portable party” cooler is now the highest grossing Kickstarter campaign ever. Late Tuesday night, the Coolest Cooler topped the previous record of $10.2 million, held by the Pebble smartwatch.

Created by Ryan Grepper of Portland, Ore., the Coolest includes features like a blender, waterproof bluetooth speaker, USB charger, cutting board and bottle opener.

“I’m so overjoyed,” said Grepper. “I was overjoyed at day two — I’m so grateful for everyone coming on board.”

This isn’t Coolest’s first time on the Kickstarter block. Grepper unsuccessfully tried to raise $125,000 for similar model In November 2013 (he only earned $100,000),

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Elon Musk cancels launch…. admits to "dark dreams"

Elon Musk dreams 'dark' before a launch 

Elon Musk’s dream to conquer space met with a major setback, when he canceled a plan to launch an Asian satellite that had been scheduled for Wednesday.

The launch of the SpaceX Falcon 9 rocket might be delayed for up to two weeks — and maybe longer, depending on what a troubleshooting investigation finds.

Musk, who founded SpaceX in 2002, made the announcement on his company’s website, “We are not aware of any issue with Falcon 9…. but have decided to review all potential failure modes and contingencies again.”

The launch was originally planned for Tuesday, but was delayed until Wednesday, following a malfunction last Friday that caused an F9 reusable rocket to self-destruct last Friday.

The explosion, which occurred over the

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Alibaba rival JD.com is already a hot IPO

jd.com
This isn’t Chinese e-commerce site Alibaba. It’s JD.com, an Alibaba rival that is already public and doing extremely well.


Ali-whoba?

Yes, investors are salivating over the chance to buy shares of China’s e-commerce giant Alibaba once they start trading. And with good reason.

The company released its latest financials Wednesday and they showed stunning growth.

But one of Alibaba’s main rivals, JD.com (JD), is already public. And the stock is on fire.

Shares are about 70% higher than the IPO price in May.

It just goes to show that Alibaba is not the only Chinese online retailing game in town.

Related: Alibaba is generating incredible profits

jd stock

JD reported its second quarter results earlier this month. Sales were up 64% from

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WeedHire: The job search app for the legal pot biz

The many faces of legal marijuana 

Looking for a job in the legal marijuana industry? There’s an app for that.

WeedHire in a new app that connects pot labs, dispensaries and even government regulators to potential employees. The Android app debuted this week, and the startup says an iPhone app is now under review by Apple (AAPL, Tech30).

Nearly 300 employers nationwide have already posted jobs, ranging from salespeople to weed police.

Marijuana is now fully legal in two states — Colorado and Washington. It is also legal for medical use in 21 other states, plus the District of Columbia. Despite an unwavering federal prohibition on weed, it’s a quickly growing industry.

The app lets employers post openings. Job seekers can search in

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Airplane scuffle helps entrepreneur’s sales take off

A passenger scuffle at 35,000 feet is keeping a Washington, D.C., entrepreneur busy.

Ira Goldman, the inventor of a pair of clips called “Knee Defender,” says the website that sells the product has been overwhelmed since reports of the fight on the Newark-Denver flight surfaced. The Knee Defender clips block passengers from reclining an airline seat.

“We had 500 times the normal traffic,” said Ira Goldman, the inventor of the clips. “Maybe Amazon can handle that, but I can’t.”

The site is back up, and Goldman believes he has enough of the clips in inventory to handle the surge in orders. The Knee Defenders sell for $21.95 a pair, plus shipping and handling.

“We’ll be placing a new order with the factory in China,” he said. He declined to say his typical sales or give an estimate as to Tuesday’s surge.

The fight

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