How celebrities’ nude photos get leaked

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It’s possible that hacked celebrities, like Jennifer Lawrence, had easy-to-guess passwords.

How did private, nude photos of Jennifer Lawrence and other celebrities get leaked all over the Internet Sunday?

A combination of a common Internet scam, weak passwords and a since-fixed vulnerability in Apple’s photo backup service could be to blame.

Hackers usually send fake emails, posing as their bank, Facebook (FB, Tech30) or an email provider. Those so-called phishing scams make people think they’re coming from a trusted source leading them to enter their user names and passwords onto a fake website owned by hackers.

It’s also possible that the hacked celebrities had easy-to-guess passwords. Typically, online services only let users guess passwords a handful of times before blocking access. But until this week, Apple’s iCloud backup

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Fast-food workers plan nationwide protest Thursday

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Nancy Salgado, a cashier at a Chicago McDonald’s, plans to strike this Thursday. Union organizers say workers are prepared to be arrested if need be.

The campaign to get fast-food workers paid at least $15 a hour resumes later this week.

Union organizers say workers will walk off their jobs Thursday in 150 cities nationwide. Restaurants that they say will be affected include McDonald’s (MCD), Burger King (BKW) , Wendy’s and KFC, which is owned by Yum Brands (YUM).

The action would be the latest in a two-year effort to get employers to pay them a minimum wage of $15 an hour and allow them to form unions without retaliation.

Nancy Salgado, a 27 year old single mother of a 3 year old boy and an

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Eric Cantor goes to Wall Street

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Former House Majority Leader Eric Cantor is taking his talents to Wall Street, joining boutique investment bank Moelis Co. as a vice chairman and board member.

Cantor’s move into the private sector was widely anticipated following his June electoral defeat at the hands of an unknown economics professor — one of the biggest political upsets in recent memory.

Cantor then chose to resign from his position in the leadership rather than finish his term. The 7-term congressman’s decision set off speculation about his next gig — be it at a bank, lobby shop or law firm.

Moelis (MC) said that Cantor will work out of New York and a new office opening in D.C.

Since the firm went public in April, shares have risen by almost 40%. Moelis advises on mergers,

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Russian bank offers cats with mortgages

Worst 3 bank promotions 

Would you like a cat with that mortgage?

Russia’s biggest bank, Sberbank (SBRCY), is offering to deliver cats to the doorsteps of new mortgage clients as part of a quirky promotional campaign.

In Russia, it’s considered good fortune if a cat enters a new home ahead of the owners.

A few customers have already signed up, though cat lovers may be disappointed to hear that the kitties will be on loan for just two hours and then whisked away.

Clients can choose from 10 felines with names like Caesar and Caramel. But they’ll have to hurry to secure one — the bank is limiting the cat campaign to 30 new mortgages only.

Sberbank’s promotion may be part of an effort to

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3 things to know about the biggest IPO in a long time

Why Alibaba's IPO matters 

Chinese tech giant Alibaba is gearing up for a market debut that could set new records. Now that it’s just around the corner, here are three things you need to know before the big splash:

1. It’s any day, folks

Hangzhou-based Alibaba is expected to launch its initial public offering early in the week of Sept. 8, according to media reports.

The company could then start trading as soon as Sept. 18 or 19 on the New York Stock Exchange. The firm will trade under the “BABA” symbol.

An Alibaba spokesperson declined to comment.

The world’s largest e-commerce company, Alibaba had sales of nearly $250 billion last year on its two most popular online shopping sites, Taobao and Tmall. The pair of

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