Anti-email startup Slack got hacked

slack hq security

Slack, the startup that wants to replace email with an online chatting system, just got hacked and lost its users data.

On Friday, the San Francisco company said it discovered that someone broke into its computer system. Hackers tapped a Slack database that held customer usernames, email addresses, phone numbers and Skype IDs.

Now the danger is that hackers might break into Slack user accounts.

The database contained passwords. They were encrypted into indecipherable gibberish that will be difficult convert back into plain, readable text. But security experts say these hackers could fairly quickly figure out the weakest ones, like “password” and “123456.”

This is a blow to the company’s image. Slack’s main selling point is: Ditch email and trust us with your company’s sensitive conversations.

What keeps Treasury Sec. Jack Lew up at night?

It’s unclear if Friday’s news will impact the company’s stellar performance with investors. Slack has raised millions of dollars in recent months. And investors currently value the young company at $2.76 billion — more than double what they thought it was worth in October.

To prevent hackers from hijacking users’ accounts with the stolen information, Slack is now offering two-step authentication.

That feature — already available on Gmail, Twitter and other respected services — provides an added layer of protection against

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/T6Y1C7T2VpM/index.html

Lena Dunham slammed for ‘Dog or Jewish boyfriend?’ quiz

lena dunham jack antonoff

Actress Lena Dunham is no stranger to controversy, and she’s in hot water again. This time it’s because she compares her Jewish boyfriend to a dog in the latest issue of the New Yorker.

The Anti-Defamation League has called the article “tasteless” and “insensitive.”

The playful, satirical quiz, presents 35 statements and asks the reader to decide if they refer to a dog or to her Jewish boyfriend. Dunham, the creator of HBO’s hit show Girls, has said she is half-Jewish herself. She dates musician Jack Antonoff.

Some examples: He “doesn’t tip,” he “never brings his wallet anywhere,” and “comes from a culture in which mothers focus every ounce of their attention on their offspring and don’t acknowledge their own need for independence as women,” Dunham writes.

“We are surprised that the New Yorker chose to print it,” said the ADL’s national director Abraham Foxman.

Related: Is this the Apple product that will reinvent TV?

The article appears in the magazine’s March 30 issue.

We learn a lot more about Antonoff beyond his religion. He apparently has a best friend named Archie and an obsession with bellhops. Also: Dunham’s grandma Dottie “loves him and says he’s a ‘good, good boy.'”

“While we understand that humor is its own special brand of expression … we wish that she had chosen another, less insensitive way to publicly reflect on her boyfriend’s

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/NHqrLjP6C7s/index.html

More undocumented workers moving into management

undocumented immigrants jobs
Jobs that undocumented immigrants hold.

A growing number of undocumented immigrants are landing managerial positions. At the same time, fewer are doing jobs that require manual labor.

Some 13% of undocumented immigrants had management or professional jobs in 2012, up from 10% in 2007, according to a new Pew Research Center report. Meanwhile, 29% held construction or production posts, such as a food processor, garment worker or machinist, down from 34% in 2007.

The transition reflects a shift within the undocumented population in recent years. More than six in 10 of these immigrants have been in the U.S. for a decade or longer, compared to just over three out of 10 in 2003.

That’s because there have been more undocumented workers leaving the country than coming into it, especially since the Great Recession, when many job opportunities dried up. Since 2007, about one million undocumented workers have left the U.S., said Jeffrey Passel, senior demographer at Pew. There were some 11.2 million undocumented immigrants in the U.S. in 2012.

It’s not surprising that some undocumented immigrants are taking on more responsibilities at work the longer they stay in this country, Passel said. The most common managerial positions for these workers are in food service and farming and agriculture.

Although it’s illegal for undocumented immigrants to work in the U.S., many find ways to circumvent the rules. Some came here legally, but overstayed their work visa.

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/YLNdR8zTvMc/index.html

First U.S. penny sold for $1.2 million

1792 birch cent
The first U.S. penny sold for nearly $1.2 million Thursday night at an auction in Baltimore.

The first U.S. penny is 223 years old, and is also worth a lot more than one cent.

It sold for nearly $1.2 million Thursday night at an auction in Baltimore.

The coin, known as the “Birch Cent,” was made in 1792, months after the one-cent denomination was first authorized by Congress, according to the auction house Stack’s Bowers Galleries.

It was made in a trial run for the penny, and depicts Lady Liberty. Thomas Jefferson and George Washington discussed the design in letters dated August 1792, before it was presented to Congress as an option for the new coin.

Today, there are only 10 of these coins in existence, as far as collectors know. But it’s possible that more were made at the time, according to Stack’s Bowers.

Related: It’s time to put a woman on the $20 bill

This penny had not been sold at auction since 1959. Stack’s Bowers declined to release the winning bidder’s name.

Another coin, an 1861 half-dollar made by the Confederate States of America, sold for $646,250 at Thursday’s auction.

Related: The $10 bill is up next for a new look

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/rNqtdZO-Xxc/index.html

The activist nun reforming profit-prisons

Learning to code from a jail cell

Some of America’s most controversial companies — for profit prisons — have unlikely owners: nuns.

Mercy Investment Services Inc. is the investment fund for the Institute of Sisters of Mercy of the Americas, an international religious order.

The fund is managed by Sister Valerie Heinonen, a soft-spoken nun who’s been buying shares in for-profit prison companies since early 2000. She’s not doing it in the hopes of making big bucks. Rather, she tries to use her leverage as an owner to reform the industry.

“What we want is the establishment of a human rights policy at these companies,” Heinonen told CNNMoney.

Even more importantly, she wants the policy to be thoughtfully implemented, monitored and transparently disclosed to shareholders.

Related: 19 stocks to buy now

The issue: Hundreds of prisons and immigrant detention centers in the U.S. are being run or co-run by for-profit companies.

For decades, investors have put billions of dollars into the two largest such companies, Geo Group (GEO) and Corrections Corporation of America (CXW). Many investors saw dollar signs as prison populations swelled. The stock of Geo Group has risen 130% in the past three years.

While profits have been huge, some money managers feel it is unfair for Wall Street to profit from what they see

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/dYEsIjcFY_o/index.html

Genfit sinks 31%, but CEO defends liver drug results

“Because the design was confounded, we find it very hard to draw conclusions based on today’s dataset,” Alethia Young, an analyst at Deutsche Bank, wrote Friday in a research note on Genfit. “Beyond publication and color from regulators on phase 3 design, we see limited upside catalysts to the Genfit story.”

Young lowered her rating on Genfit’s stock to hold. She also raised her price target on Intercept, to $400, citing an improved competitive position and its drug’s effect on liver scarring seen in NASH, known as fibrosis.

Both companies are looking to start the late stages of clinical trials this year, with Intercept expected to provide information about study design in the next few months. Genfit will now also focus on higher risk patients, as Mouney said the trial showed those in earlier stages of the disease may not require treatment. He also pointed out the drug, GFT-505, had potential “cardioprotective” effects, lowering bad cholesterol in the blood while raising the good.

Mouney said Genfit will look to raise money to fund the next trial, or seek a partnership with a larger pharmaceutical company.

Read MoreBiotech woes: Deja vu all over again

“We don’t want to lose time for the phase 3,” Mouney said. “We are very open to discussions with pharma companies. They’re very interested in the NASH field for many reasons,” including its sheer size, he said. (Tweet this)

Bloomberg

Article source: http://www.cnbc.com/id/102541899

Cramer: Restaurant winners & losers of the year

“After its latest pullback, though, I find Sonic a lot more approachable, and it’s possible management was trying to be conservative with their guidance because they didn’t want the expectations getting out of hand,” Cramer said.

Three other restaurants that had bad reactions to terrific comps were Chipotle, Fiesta Restaurant Group and Popeyes Louisiana Kitchen.

Then there were companies that actually had their stocks go higher when they reported strong numbers. Those were Cracker Barrel and Zoe’s Kitchen, as most investors just didn’t expect the numbers to be so good.

Next up were the restaurants that had lousy reporting and uninspiring same-store sales growth in the past quarter.

Click here to watch the “Mad Money” video on restaurant losers

“With losers, or to be more diplomatic about it, underperformers, you need to do a lot more analysis to figure out what exactly is going wrong,” Cramer added.

Sometimes it could be scary numbers that could signal that the company is in trouble, and sometimes a good company stumbles—which could create a great buying opportunity.

Cramer pulled together a group of restaurant stocks that he called the “don’t touch” group. Those are the ones with such bad numbers he wouldn’t touch them with a 10-foot pole.

First up was Noodles Company, which doubled the

Article source: http://www.cnbc.com/id/102542406