Lost iPhone just one headache for Apple
Wanted: experienced security professional. Must have plan to thwart Chinese counterfeiters, protect secret blueprints from spies and keep workers from leaving super-secret unreleased smartphones behind in bars.
A day after a recent report surfaced that an Apple employee had lost a prototype for a new, unreleased iPhone at a Northern California watering hole, two job listings appeared on Apple's website for managers of "new product security."
Such workers would join a team at the $350 billion company that has included ex-FBI agents and others with backgrounds in intelligence and law enforcement.
"Corporate espionage, that's big money. Billion-dollar money. The paranoia is justified," said Jim Stickley, co-founder of corporate security consulting firm TraceSecurity "Whatever they're trying to do, their competitors want to know. Everybody wants to know."
AT&T to layoff 33 workers at Downtown call center
AT&T Business Customer Care will lay off 33 customer service and related workers Downtown effective Nov. 19, the Communications Workers of America, AFL-CIO Local 13550, which represents the employees, said on Monday.
AT&T spokesman Marty Richter said the company is laying off the workers because the work load of incoming calls decreased after the company made improvements to its billing system. Richter said most employees at the office at 635 Grant St. were not effected but declined to say how many work there.
Local 13550 President Mary Lou Schaffer said work loads had not decreased and that AT&T's action will "certainly hurt the Pittsburgh area and the middle class." The union scheduled a rally at the Grant Street location on Friday morning to protest the job cuts. Eligible workers will be offered a job elsewhere at AT&T, and the balance will receive severance, said Richter.
Kennametal CEO receives 34 percent boost in pay
Carlos Cardoso, CEO and chairman of Kennametal Inc., received more than $7.6 million in compensation in the year ended June 30, about 34 percent more than the roughly $5.7 million pay package he got the year earlier, according to proxy materials filed with the Securities and Exchange Commission on Monday.
His salary rose to $896,667 from $784,750. but he received no bonus in either year. Cardoso's stock and options awards jumped to about $3.6 million from about $3.1 million, and his cash incentive pay increased to more than $2.5 million from roughly $1.2 million.
Based in Unity Township, the tooling manufacturer will host its annual shareholders meeting on Oct. 25 at 2 p.m. at the executive offices at 1600 Technology Way.
Court reinstates $675,000 damages for downloading
A federal appeals court has reinstated a $675,000 judgment against a Boston University student who illegally downloaded and shared songs on the Internet.
In 2009, a jury in Boston awarded $675,000 to the Recording Industry Association of America, representing four record labels, in a lawsuit filed against Joel Tenenbaum. A judge later reduced the award to $67,500, finding the original penalty "unconstitutionally excessive."
In his appeal, Tenenbaum sought to overturn the penalty. But the 1st U.S. Circuit Court of Appeals reinstated the full award.
Tenenbaum's lawyers argue that federal copyright laws and the Digital Theft Deterrence Act were not meant to target consumers. Lawyers representing the recording industry argue that the economic impact of illegal downloading is much greater than the sharing of one song.
Wendy's remakes its hamburger
When Wendy's decided to remake its 42-year-old hamburger, the chain agonized over every detail. A pickle chemist was consulted. Customers were quizzed on their lettuce knowledge. And executives went on a cross-country burger-eating tour.
The result• Dave's Hot 'N Juicy, named after late Wendy's founder Dave Thomas. The burger — with extra cheese, a thicker beef patty, a buttered bun, and hold the mustard, among other changes — started being served in restaurants Monday.
"Our food was already good," said Denny Lynch, a Wendy's spokesman. "We wanted it to be better. Isn't that what long-term brands do• They reinvent themselves."