‘Bobby Bonilla Day’ means $1.19 million payment for the retired Mets star

Every July 1, Bobby Bonilla has a reason to party, even if his former team doesn’t. That’s because the New York Mets pay their retired slugger $1.19 million on that date—an arrangement that began in 2011 and runs through 2035—as part of a deferred payment agreement reached in 2000, ESPN reports. The Mets released Bonilla, once one of Major League Baseball’s highest paid players, after the 1999 season. By the time the final payment is made in 18 years, Bonilla will have parlayed that initial $5.9


Every July 1, Bobby Bonilla has a reason to party, even if his former team doesn’t. That’s because the New York Mets pay their retired slugger $1.19 million on that date—an arrangement that began in 2011 and runs through 2035—as part of a deferred payment agreement reached in 2000, ESPN reports. The Mets released Bonilla, once one of Major League Baseball’s highest paid players, after the 1999 season. By the time the final payment is made in 18 years, Bonilla will have parlayed that initial $5.9
‘Bobby Bonilla Day’ means $1.19 million payment for the retired Mets star Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: ari levy, getty images
Keywords: news, games, cnbc, companies, day, 119, star, retired, bobby, million, mets, league, espn, means, team, bonilla, payment, season, pay


'Bobby Bonilla Day' means $1.19 million payment for the retired Mets star

Every July 1, Bobby Bonilla has a reason to party, even if his former team doesn’t.

That’s because the New York Mets pay their retired slugger $1.19 million on that date—an arrangement that began in 2011 and runs through 2035—as part of a deferred payment agreement reached in 2000, ESPN reports.

The Mets released Bonilla, once one of Major League Baseball’s highest paid players, after the 1999 season. Rather than paying him the $5.9 million the team owed him in 2000, they agreed to pay him later, and attach an 8 percent annual interest to the sum, according to contract details reported by ESPN.

Payments started in 2011, and to date Bonilla has collected $8.35 million, the website says. By the time the final payment is made in 18 years, Bonilla will have parlayed that initial $5.9 million into a total of $29.8 million, ESPN says.

Bonilla played for the St. Louis Cardinals in 2001 and retired at the end of that season. Meanwhile, the Mets have gotten off to a rocky start this season, with their win/loss record mired below .500 and their National League playoff hopes dwindling.


Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: ari levy, getty images
Keywords: news, games, cnbc, companies, day, 119, star, retired, bobby, million, mets, league, espn, means, team, bonilla, payment, season, pay


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More donors give bitcoin and assets other than cash to charities

Plus, that $50,000 gift is available to be claimed as a itemized charitable tax deduction. Or let’s say you want to unload bitcoin after its rapid rise this year. If you donate the bitcoin instead of selling it, you can take a charitable deduction for the fair market value on the day you give it away. You can only deduct the fair market value if you held the bitcoin for more than a year before giving it away. “Often people have appreciated assets, like stock, business interest or real estate, bu


Plus, that $50,000 gift is available to be claimed as a itemized charitable tax deduction. Or let’s say you want to unload bitcoin after its rapid rise this year. If you donate the bitcoin instead of selling it, you can take a charitable deduction for the fair market value on the day you give it away. You can only deduct the fair market value if you held the bitcoin for more than a year before giving it away. “Often people have appreciated assets, like stock, business interest or real estate, bu
More donors give bitcoin and assets other than cash to charities Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: tom anderson, -arlene cogen, a certified financial planner, philanthropy consultant
Keywords: news, games, cnbc, companies, hamilton, bitcoin, value, donors, fair, assets, financial, tax, deduction, market, charities, cash, gains


More donors give bitcoin and assets other than cash to charities

“Donor-advised funds are a great way to give nonpublicly traded assets. Some charities will accept such assets directly, but only if they have the requisite expertise in-house,” said Juan Ros, a certified financial planner and vice president for financial planning and philanthropy at Lamia Financial Group in Thousand Oaks, California.

Gifting appreciated assets comes with a double tax benefit: “Not only do you get to deduct the fair market value of the gift as a charitable deduction, but you also get to avoid paying tax on the unrealized gain of the donated property,” said Chad Hamilton, a CFP in Denver who specializes in philanthropy.

For example, let’s say a business owner makes a deal to sell his company and gifts shares of his stock worth $50,000 to a donor-advised fund. The business owner would avoid taxation on that $50,000 when the company is sold.

Assuming a cost basis of zero and an effective tax rate of 30 percent, a combination of long-term capital gains, state income tax and Medicare surtax, that is a long-term capital gains tax savings of $15,000, Hamilton said. Plus, that $50,000 gift is available to be claimed as a itemized charitable tax deduction.

Or let’s say you want to unload bitcoin after its rapid rise this year. If you donate the bitcoin instead of selling it, you can take a charitable deduction for the fair market value on the day you give it away.

Another bonus: You’ll also avoid capital gains taxes on the increase in value over time, which you would pay if you sold the bitcoin and then gave the charity the cash from the sale.

You can only deduct the fair market value if you held the bitcoin for more than a year before giving it away. If you’ve held it for less than a year, your deduction is limited to your cost basis, or what you paid for the digital currency, not its current value.

“Often people have appreciated assets, like stock, business interest or real estate, but they don’t think of gifting those and instead just give cash,” Hamilton said.


Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: tom anderson, -arlene cogen, a certified financial planner, philanthropy consultant
Keywords: news, games, cnbc, companies, hamilton, bitcoin, value, donors, fair, assets, financial, tax, deduction, market, charities, cash, gains


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Lyft opens up hubs across the country to get drivers on the road in a few hours

How to become a Lyft driver in an hour 5 Hours Ago | 01:35Lyft is using some of its $600 million in new funding to open driver-service centers—called hubs —to get drivers on the road in a matter of hours. They’re currently in cities that include Boston, Seattle, Los Angeles and Chicago and opened in Phoenix and Atlanta in June. It’s part of a wider effort by the start-up to take market share from Uber, which is reeling from the fallout over management misconduct. A report earlier this month base


How to become a Lyft driver in an hour 5 Hours Ago | 01:35Lyft is using some of its $600 million in new funding to open driver-service centers—called hubs —to get drivers on the road in a matter of hours. They’re currently in cities that include Boston, Seattle, Los Angeles and Chicago and opened in Phoenix and Atlanta in June. It’s part of a wider effort by the start-up to take market share from Uber, which is reeling from the fallout over management misconduct. A report earlier this month base
Lyft opens up hubs across the country to get drivers on the road in a few hours Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: john shinal
Keywords: news, games, cnbc, companies, share, drivers, opens, workplace, earlier, market, cities, road, company, hubs, lyft, country, hours, uber


Lyft opens up hubs across the country to get drivers on the road in a few hours

How to become a Lyft driver in an hour 5 Hours Ago | 01:35

Lyft is using some of its $600 million in new funding to open driver-service centers—called hubs —to get drivers on the road in a matter of hours.

The company has centers in nine U.S. cities and is opening a 10th hub in the coming months, a spokesperson told CNBC, without disclosing the location. They’re currently in cities that include Boston, Seattle, Los Angeles and Chicago and opened in Phoenix and Atlanta in June.

It’s part of a wider effort by the start-up to take market share from Uber, which is reeling from the fallout over management misconduct.

A report earlier this month based on research from the firm TXN Solutions said Lyft’s market share had risen to near 25 percent, from 21 percent two years earlier. That was before Uber CEO Travis Kalanick resigned from the company after reports detailed widespread sexual discrimination, bullying and other hostile workplace behavior.

Part orientation center, part vehicle-inspection station, Lyft said these hubs are helping the ride-hailing company get new drivers behind the wheel faster.


Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: john shinal
Keywords: news, games, cnbc, companies, share, drivers, opens, workplace, earlier, market, cities, road, company, hubs, lyft, country, hours, uber


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Citi’s Shafir thinks a ‘secular downturn’ is at hand in mergers

“It’s very hard to tell where we’re going to go,” said Shafir. Shafir cites two hurdles for the lackluster deal environment: Valuations and regulation. We’re talking about a number just under 13x EBITDA, contrast that to 2007 it was 12.7x,” said Shafir. Still, when it comes to high valuations, Shafir still sees windows of opportunity. When it comes to shareholder activism, Shafir sees no signs of letting up, citing Jana’s ability to ‘push’ Whole Foods into the embrace of Amazon.


“It’s very hard to tell where we’re going to go,” said Shafir. Shafir cites two hurdles for the lackluster deal environment: Valuations and regulation. We’re talking about a number just under 13x EBITDA, contrast that to 2007 it was 12.7x,” said Shafir. Still, when it comes to high valuations, Shafir still sees windows of opportunity. When it comes to shareholder activism, Shafir sees no signs of letting up, citing Jana’s ability to ‘push’ Whole Foods into the embrace of Amazon.
Citi’s Shafir thinks a ‘secular downturn’ is at hand in mergers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: leanne miller
Keywords: news, games, cnbc, companies, ma, citis, think, deals, sees, high, secular, downturn, hand, valuations, talking, thinks, mergers, shafir, going, billion


Citi’s Shafir thinks a 'secular downturn' is at hand in mergers

U.S.-targeted M&A is down 25 percent to $562.6 billion, the lowest total since 2013. Meanwhile, M&A in Europe has soared, up 15 percent from last year’s totals.

“It’s very hard to tell where we’re going to go,” said Shafir. “My bias is it’s going to be slower. I think 10 percent down might be a pretty good result for us.”

By Citigroup’s estimates, if deal making in the second half of the year mimics the first, the M&A market will have decreased 40 percent from the highs of 2015.

Shafir cites two hurdles for the lackluster deal environment: Valuations and regulation. In other words, company stocks are valued too richly, and there’s too much government red tape to make it all worthwhile.

“Valuations are at an all-time high. We’re talking about a number just under 13x EBITDA, contrast that to 2007 it was 12.7x,” said Shafir. “So we’re at a very high number.”

As far as regulation, Shafir says a lack of movement on tax reform and some concerns in Europe about Brexit, have also made the environment more tepid.

Still, when it comes to high valuations, Shafir still sees windows of opportunity.

“Anecdotally, what I see, talking to CEOs and boards, is that big strategic stuff has been on a list, it becomes actionable, people are still going to do [deals]” he said. “You still have very low weighted average cost to capital.”

According to Dealogic, there have been 15 percent more mega-deals so far this year than compared to 2016, including Actelion’s $31.4 billion dollar sale to Johnson & Johnson and CR Bard’s $24 billion sale to Becton Dickinson.

“The irony is, if you look at the $10 billion plus, year over year, we’re up about two deals relative to 2016—but it’s not tech. The top five deals are health care and consumer, largely. And so the market has shifted.”

When it comes to shareholder activism, Shafir sees no signs of letting up, citing Jana’s ability to ‘push’ Whole Foods into the embrace of Amazon.

“The number of campaigns will be up,” he said. “I don’t think it’s going away.”


Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: leanne miller
Keywords: news, games, cnbc, companies, ma, citis, think, deals, sees, high, secular, downturn, hand, valuations, talking, thinks, mergers, shafir, going, billion


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The Amazon Echo Show is the best smart home assistant you can buy

Amazon’s Echo Show is the best home assistant you can buy Friday, 30 Jun 2017 | 2:25 PM ET | 01:26The Amazon Echo Show is the best smart home assistant I’ve ever tested. It’s worth your money to buy it instead of the much more affordable Echo or Echo Dot, since its screen enables a whole new array of uses. By comparison, the Echo Dot is often priced as low as $35. This is coming from someone who already owns four of the smaller Echo Dots, the larger Amazon Echo and two Google Home units. Here’s


Amazon’s Echo Show is the best home assistant you can buy Friday, 30 Jun 2017 | 2:25 PM ET | 01:26The Amazon Echo Show is the best smart home assistant I’ve ever tested. It’s worth your money to buy it instead of the much more affordable Echo or Echo Dot, since its screen enables a whole new array of uses. By comparison, the Echo Dot is often priced as low as $35. This is coming from someone who already owns four of the smaller Echo Dots, the larger Amazon Echo and two Google Home units. Here’s
The Amazon Echo Show is the best smart home assistant you can buy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: todd haselton, todd haseltojn
Keywords: news, games, cnbc, companies, dot, buy, amazon, worth, typing, echo, unitsheres, usesthe, smart, assistant, best


The Amazon Echo Show is the best smart home assistant you can buy

Amazon’s Echo Show is the best home assistant you can buy Friday, 30 Jun 2017 | 2:25 PM ET | 01:26

The Amazon Echo Show is the best smart home assistant I’ve ever tested.

It’s worth your money to buy it instead of the much more affordable Echo or Echo Dot, since its screen enables a whole new array of uses.

The Echo Show costs $229 for one, with a $100 discount for two. By comparison, the Echo Dot is often priced as low as $35.

I’ve been testing them for a couple of days, and as I sit here typing my review, I’m already tempted to buy a second one. This is coming from someone who already owns four of the smaller Echo Dots, the larger Amazon Echo and two Google Home units.

Here’s why the Amazon Echo is so appealing.


Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: todd haselton, todd haseltojn
Keywords: news, games, cnbc, companies, dot, buy, amazon, worth, typing, echo, unitsheres, usesthe, smart, assistant, best


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It’s time for tech to fix the wealth inequality problem in the Bay Area, says start-up CEO

“I’ll admit my initial reaction was one of dread,” said Bracy, the CEO and co-founder of TechEquity Collaborative. “People would say, ‘No, don’t come … we don’t see that this is a valuable addition,'” she said. Bracy and her team at TechEquity Collaborative want to bridge the gap between the tech industry and the local community. “Any industry that is growing as fast as tech is in this context is going to create the same dynamic. While the tech industry did not cause the deepening housing crisis


“I’ll admit my initial reaction was one of dread,” said Bracy, the CEO and co-founder of TechEquity Collaborative. “People would say, ‘No, don’t come … we don’t see that this is a valuable addition,'” she said. Bracy and her team at TechEquity Collaborative want to bridge the gap between the tech industry and the local community. “Any industry that is growing as fast as tech is in this context is going to create the same dynamic. While the tech industry did not cause the deepening housing crisis
It’s time for tech to fix the wealth inequality problem in the Bay Area, says start-up CEO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: chantel mcgee, getty images, smith collection, gado
Keywords: news, games, cnbc, companies, industry, bracy, area, wealth, dont, local, neighbors, bay, problem, techequity, mean, ceo, oakland, tech, fix, startup, inequality, uber


It's time for tech to fix the wealth inequality problem in the Bay Area, says start-up CEO

A couple of years ago, Catherine Bracy was sitting on her couch in Oakland watching TV and scrolling through Twitter when a headline came across her computer screen. Uber announced that it was buying the Sears building right across the street from where she lives, and bringing 2,500 employees there.

“I’ll admit my initial reaction was one of dread,” said Bracy, the CEO and co-founder of TechEquity Collaborative. She began building out the nonprofit startup about a year ago.

“I was picturing what it would mean for all of those Uber employees to be parachuted into my neighborhood, where the median income was about $25,000 a year,” said Bracy, whose expertise is in civic technology. “What would it mean for my neighbors? What would it mean for my rent?”

Bracy didn’t have to look very far for the answers. Just across the bay in San Francisco was what her neighbors feared was a classic example of what happens when tech companies move into an economically depressed urban center: rising inequality and gentrification. In many ways they thought it was a glimpse into what would likely be Oakland’s future, she said.

“People would say, ‘No, don’t come … we don’t see that this is a valuable addition,'” she said. “I grew up in Detroit in the ’80s, and if a company had made a similar announcement it would have been met with fanfare. Instead, my neighbors in Oakland were against it.”

The rise of the creative class in San Francisco, Oakland and the surrounding areas has long been a point of contention for members of the local community, many of whom have watched as property values skyrocketed, making their neighborhoods unaffordable.

Bracy and her team at TechEquity Collaborative want to bridge the gap between the tech industry and the local community. “I decided we need to do something about it, at least from a very local on-the-ground perspective … because literally this is my neighbor and personally it’s very real for me,” said Bracy.

“In sort of a bigger picture way it’s just not a great sign for our economy and what it symbolizes in terms of where wealth creation is happening and who it’s going to,” she said.

“Any industry that is growing as fast as tech is in this context is going to create the same dynamic. There’s nothing specific about tech that makes this crisis worse except maybe the fact that there is a perception that they don’t care,” said Bracy.

While the tech industry did not cause the deepening housing crisis in the Bay Area, it is driving growth there. “So, they have some responsibility … in fixing the problem. They also have some outside political power and privilege that by and large goes unused on local issues like this,'” said Bracy.


Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: chantel mcgee, getty images, smith collection, gado
Keywords: news, games, cnbc, companies, industry, bracy, area, wealth, dont, local, neighbors, bay, problem, techequity, mean, ceo, oakland, tech, fix, startup, inequality, uber


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Hong Kong 20 years after the handover, in numbers

Of the 1,995 companies listed on Hong Kong’s main board and Growth Enterprise Market in 2016, 989 were mainland companies, according to data from the Hong Kong Exchange. In comparison, there were just 856 Hong Kong companies. “About 60 percent of Hong Kong (listed) companies are actually from mainland China. If you look at the IPO market last year, 92 percent were mainland companies,” Noah Holdings Hong Kong CIO William Ma told CNBC’s Street Signs: Asia Friday. While some Hong Kongers are downbe


Of the 1,995 companies listed on Hong Kong’s main board and Growth Enterprise Market in 2016, 989 were mainland companies, according to data from the Hong Kong Exchange. In comparison, there were just 856 Hong Kong companies. “About 60 percent of Hong Kong (listed) companies are actually from mainland China. If you look at the IPO market last year, 92 percent were mainland companies,” Noah Holdings Hong Kong CIO William Ma told CNBC’s Street Signs: Asia Friday. While some Hong Kongers are downbe
Hong Kong 20 years after the handover, in numbers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: justina crabtree, cheang ming, anthony kwan, bloomberg, getty images, xaume olleros, lam yik fei
Keywords: news, games, cnbc, companies, kong, chinese, 20, markets, numbers, companies, china, market, hong, mainland, investment, listed, handover


Hong Kong 20 years after the handover, in numbers

The financial markets of Hong Kong have become increasingly intertwined with the mainland through the years, with the launch of the Shenzhen Connect in December last year an example of ongoing developments.

Of the 1,995 companies listed on Hong Kong’s main board and Growth Enterprise Market in 2016, 989 were mainland companies, according to data from the Hong Kong Exchange. In comparison, there were just 856 Hong Kong companies.

“About 60 percent of Hong Kong (listed) companies are actually from mainland China. Twenty years ago, it was about twenty percent. If you look at the IPO market last year, 92 percent were mainland companies,” Noah Holdings Hong Kong CIO William Ma told CNBC’s Street Signs: Asia Friday.

Back in June 1996, six of the 33 names on the Hang Seng Index were British-controlled, the South China Morning Post reported, citing HSBC and Swire Group as examples. Only two of the remaining 27 companies were mainland Chinese enterprises – Citic and Guangdong Investment.

While some Hong Kongers are downbeat over what they see as the increasing reliance of Hong Kong on the mainland, others believe the closer financial linkages between the two could prove to be symbiotic.

“In addition to (Hong Kong) just bringing foreign investors to China, there’s also the Chinese markets and Chinese investment going out (like) the ‘One Belt, One Road’ initiative … I think that will create more opportunities for Hong Kong in the future,” said Wang Tao, the head of Asian economic research at UBS Investment Bank.


Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: justina crabtree, cheang ming, anthony kwan, bloomberg, getty images, xaume olleros, lam yik fei
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China’s Xi talks tough on Hong Kong as thousands protest for democracy

He also referred to the “humiliation and sorrow” China suffered during the first Opium War in the early 1840s that led to the ceding of Hong Kong to the British. Hong Kong has been racked by demands for full democracy and, more recently, by calls by some pockets of protesters for independence, a subject that is anathema to Beijing. “It’s a more frank and pointed way of dealing with the problems (in Hong Kong),” said former senior Hong Kong government adviser Lau Siu-kai on Hong Kong’s Cable Tele


He also referred to the “humiliation and sorrow” China suffered during the first Opium War in the early 1840s that led to the ceding of Hong Kong to the British. Hong Kong has been racked by demands for full democracy and, more recently, by calls by some pockets of protesters for independence, a subject that is anathema to Beijing. “It’s a more frank and pointed way of dealing with the problems (in Hong Kong),” said former senior Hong Kong government adviser Lau Siu-kai on Hong Kong’s Cable Tele
China’s Xi talks tough on Hong Kong as thousands protest for democracy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: keith tsuji, getty images
Keywords: news, games, cnbc, companies, kong, thousands, security, talks, kongs, protesters, democracy, xi, hong, tough, city, china, universal, protest, chinas


China's Xi talks tough on Hong Kong as thousands protest for democracy

Chinese President Xi Jinping swore in Hong Kong’s new leader on Saturday with a stark warning that Beijing won’t tolerate any challenge to its authority in the divided city as it marked the 20th

anniversary of its return from Britain to China.

Police blocked roads, preventing pro-democracy protesters from getting to the harbour-front venue close to where the last colonial governor, Chris Patten, tearfully handed back Hong Kong to China in the pouring rain in 1997.

“Any attempt to endanger China’s sovereignty and security, challenge the power of the central government … or use Hong Kong to carry out infiltration and sabotage activities against the mainland is an act that crosses the red line and is absolutely impermissible,” Xi said.

He also referred to the “humiliation and sorrow” China suffered during the first Opium War in the early 1840s that led to the ceding of Hong Kong to the British.

Hong Kong has been racked by demands for full democracy and, more recently, by calls by some pockets of protesters for independence, a subject that is anathema to Beijing.

Xi’s words, in a 30-minute speech, were his strongest yet to the city amid concerns over what some perceive as increased meddling by Beijing, illustrated in recent years by the abduction by mainland agents of some Hong Kong booksellers and Beijing’s efforts in disqualifying two pro-independence lawmakers elected to the city legislature.

“It’s a more frank and pointed way of dealing with the problems (in Hong Kong),” said former senior Hong Kong government adviser Lau Siu-kai on Hong Kong’s Cable Television.

“The central government’s power hasn’t been sufficiently respected… they’re concerned about this.”

The tightly choreographed visit was full of pro-China rhetoric amid a virtually unprecedented security lockdown. Xi did not make contact with the people in the street or with any pro-democracy voices, forgoing an opportunity to lower the political heat.

Under Hong Kong’s mini-constitution, the Basic Law, the financial hub is guaranteed wide-ranging autonomy for “at least 50 years” after 1997 under a “one country, two systems” formula praised by Xi. It also specifies universal suffrage as an eventual goal.

But Beijing’s refusal to grant full democracy triggered nearly three months of street protests in 2014 that at times erupted into violent clashes and posed one of the greatest populist challenges to Beijing in decades.

‘Most urgent protest in years’

Thousands gathered in the afternoon in a sprawling park named after Britain’s Queen Victoria, demanding Xi allow universal suffrage.

“This protest is the most urgent in the past 20 years,” said lawmaker Eddie Chu, as some demonstrators marched with yellow umbrellas, a symbol of democratic activism in the city, and held aloft banners denouncing China’s Communist “one party rule”.

Others criticised China’s Foreign Ministry which on Friday said the “Joint Declaration” with Britain over Hong Kong, a treaty laying the blueprint over how the city would be ruled after 1997, “no longer has any practical significance”.

Xi, dressed in a dark suit and striped red tie, in the morning addressed a packed hall of mostly pro-Beijing establishment figures, after swearing in Hong Kong’s first female leader, Carrie Lam, who was strongly backed by China.

Lam, speaking in Mandarin instead of the Cantonese dialect widely used in Hong Kong and southern China, said she wanted to create a harmonious society and bring down astronomical housing prices that have also sown social discord.

Lam also pledged to take firm legal action against those who “undermine” China’s sovereignty, security and development interests.

Xi hinted that the central government was in favour of Hong Kong introducing “national security” legislation, a controversial issue that brought nearly half a million people to the streets in protest in 2003 and ultimately forced former leader Tung Chee-hwa to step down.

A small group of pro-democracy activists near the venue were roughed up by a group of men who smashed up some props in ugly scuffles while surrounded by more than 100 police. Nine democracy protesters, including Joshua Wong and lawmaker “long hair” Leung Kwok-hung, were bundled into police vans while several pro-China groups remained, cheering loudly and waving red China flags.

The activists, in a later statement, said the assailants had been “pro-Beijing triad members”.

Other protesters unfurled a massive yellow banner, with the words “I want real universal suffrage”, on the waterfront of Hong Kong’s Victoria Harbour, but were later taken away by police.

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Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: keith tsuji, getty images
Keywords: news, games, cnbc, companies, kong, thousands, security, talks, kongs, protesters, democracy, xi, hong, tough, city, china, universal, protest, chinas


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Ukraine points finger at Russian security services in recent cyber attack

Hacking Ukrainian state institutions is part of what Ukraine says is a “hybrid war” by Russia on Kiev. “This testifies to the involvement of the special services of Russian Federation in this attack.” Referencing the $300 ransomware demand, the SBU said “the virus is cover for a large-scale attack on Ukraine. “The TeleBots group continues to evolve in order to conduct disruptive attacks against Ukraine,” it said. “Prior to the outbreak, the Telebots group targeted mainly the financial sector.


Hacking Ukrainian state institutions is part of what Ukraine says is a “hybrid war” by Russia on Kiev. “This testifies to the involvement of the special services of Russian Federation in this attack.” Referencing the $300 ransomware demand, the SBU said “the virus is cover for a large-scale attack on Ukraine. “The TeleBots group continues to evolve in order to conduct disruptive attacks against Ukraine,” it said. “Prior to the outbreak, the Telebots group targeted mainly the financial sector.
Ukraine points finger at Russian security services in recent cyber attack Cached Page below :
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Ukraine points finger at Russian security services in recent cyber attack

Relations between Ukraine and Russia went into freefall after Moscow’s annexation of Crimea in 2014 and the subsequent outbreak of a Kremlin-backed separatist insurgency in eastern Ukraine that has killed more than 10,000 people.

Hacking Ukrainian state institutions is part of what Ukraine says is a “hybrid war” by Russia on Kiev. Russia denies sending troops or military equipment to eastern Ukraine.

“The available data, including those obtained in cooperation with international antivirus companies, give us reason to believe that the same hacking groups are involved in the attacks, which in December 2016 attacked the financial system, transport and energy facilities of Ukraine using TeleBots and BlackEnergy,” the SBU said.

“This testifies to the involvement of the special services of Russian Federation in this attack.”

The SBU in an earlier statement on Friday said it had seized equipment it said belonged to Russian agents in May and June to launch cyber attacks against Ukraine and other countries.

Referencing the $300 ransomware demand, the SBU said “the virus is cover for a large-scale attack on Ukraine. This is evidenced by a lack of a real mechanism for taking possession of the funds … enrichment was not the aim of the attack.”

“The main purpose of the virus was the destruction of important data, disrupting the work of public and private institutions in Ukraine and spreading panic among the people.”

A cyber attack in December on a Ukrainian state energy computer caused a power cut in the northern part of the capital Kiev.

The Russian foreign ministry and Federal Security Service did not immediately respond to requests for comment on the latest allegations.

Russian oil major Rosneft was one of the first companies to reveal it had been compromised by the virus and sources told Reuters on Thursday computers at state gas giant Gazprom had also been infected.

The SBU’s accusations chime with some of the findings of the cyber security firm ESET in Slovakia, which said in research published online on Friday that the Telebots group — which has links to BlackEnergy — was behind the attack.

“Collecting ransom money was never the top priority for the TeleBots group,” it said, suggesting Ukraine was the target but the virus spread globally as “affected companies in other countries had VPN connections to their branches, or to business partners, in Ukraine.”

“The TeleBots group continues to evolve in order to conduct disruptive attacks against Ukraine,” it said.

“Prior to the outbreak, the Telebots group targeted mainly the financial sector. The latest outbreak was directed against businesses in Ukraine, but they apparently underestimated the malware’ spreading capabilities. That’s why the malware went out of control.”

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Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: sergei supinsky, afp, getty images
Keywords: news, games, cnbc, companies, security, finger, ukraine, points, telebots, virus, attack, sbu, services, russia, outbreak, state, group, cyber, russian, recent


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Cyberattacks rely on the consumer and that’s a problem, says anti-fraud app’s CEO

According to the CEO of an anti-fraud app, this is because cybersecurity places the onus on consumers to protect themselves – and that’s a problem. “Security today involves the consumer to secure themselves, and that’s the problem,” he told CNBC in a phone interview on Friday. “Whenever consumers are involved – and they’re always involved – people can socially engineer the consumer.” “Security today involves the consumer to secure themselves, and that’s the problem,” he told CNBC in a phone inte


According to the CEO of an anti-fraud app, this is because cybersecurity places the onus on consumers to protect themselves – and that’s a problem. “Security today involves the consumer to secure themselves, and that’s the problem,” he told CNBC in a phone interview on Friday. “Whenever consumers are involved – and they’re always involved – people can socially engineer the consumer.” “Security today involves the consumer to secure themselves, and that’s the problem,” he told CNBC in a phone inte
Cyberattacks rely on the consumer and that’s a problem, says anti-fraud app’s CEO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: ryan browne, getty images, tony c french
Keywords: news, games, cnbc, companies, consumers, antifraud, secure, cyberattacks, involved, consumer, told, ceo, today, rely, socially, apps, theyre, security, thats, problem


Cyberattacks rely on the consumer and that’s a problem, says anti-fraud app's CEO

In March 2016, John Podesta, the former chairman of Democratic candidate Hillary Clinton’s presidential campaign, was fooled into entering his password for his private Gmail account. And last week, ransomware cyberattacks again ravaged the globe, locking down files of major corporations and demanding they pay a ransom to unlock them. According to the CEO of an anti-fraud app, this is because cybersecurity places the onus on consumers to protect themselves – and that’s a problem.

Rodger Desai, the chief executive officer of New York startup Payfone, said that recent cyberattacks rely on individual consumers to operate. “Security today involves the consumer to secure themselves, and that’s the problem,” he told CNBC in a phone interview on Friday. “Whenever consumers are involved – and they’re always involved – people can socially engineer the consumer.”

“Security today involves the consumer to secure themselves, and that’s the problem,” he told CNBC in a phone interview on Friday. “Whenever consumers are involved – and they’re always involved – people can socially engineer the consumer.”

Desai heads the fintech firm Payfone, which uses automated customer identity authentication technology, to remove the need for using passcodes or security questions.


Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: ryan browne, getty images, tony c french
Keywords: news, games, cnbc, companies, consumers, antifraud, secure, cyberattacks, involved, consumer, told, ceo, today, rely, socially, apps, theyre, security, thats, problem


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