Let hackers in: Experts say traps might be better than walls
SEOUL, South Korea (AP) — Ever since the Internet blossomed in the 1990s, cybersecurity was built on the idea that computers could be protected by a digital quarantine. Now, as hackers routinely overwhelm such defenses, experts say cybersecurity is beyond due an overhaul.
Their message: Neutralize attackers once they're inside networks rather than fixating on trying to keep them out.
First they need to convince a conservative business world to gamble on a different approach. And having sold generations of defensive systems that consistently lagged the capabilities of the most advanced hackers, the industry itself must overcome skepticism it's flogging another illusion of security.
Oil on wild ride; How will it end?
NEW YORK (AP) — The price of oil is on a wild ride, and there is little agreement on where it's headed.
After falling nearly 60 percent from a peak last June, the price of oil bounced back more than 20 percent as January turned to February. Then, on Tuesday, it sunk 5 percent, closing just above $50. Oil has fallen or risen by 3 percent or more on 14 of 27 trading days so far this year. By comparison, the stock market hasn't had a move that big in more than three years.
Predicting prices is especially tricky now because the oil market has never quite looked like this. Oil price collapses of the past were triggered either by plummeting demand or an increase in supplies. This latest one had both.
Central Europeans feel crushed by Swiss franc loans
BUCHAREST, Romania (AP) — Elvis Constantin Cluci and his wife had planned a second child, their dreams set on a little brother for their 2 ½ year-old daughter. But due to a surge in the Swiss franc that caused the Romanian couple's mortgage payments to rise, not only is another child out of the question but they have had to send their daughter to live with grandparents 100 kilometers (60 miles) away.
Now they see her only once or twice a month. They simply cannot afford both day care and their mortgage on a small studio apartment in Bucharest. They can barely even scrape together the gas money to drive to see her.
On Jan. 15, the Swiss national bank ended a policy meant to limit the franc's value against the euro — causing the franc to surge. That move by one of Europe's richest countries is adding to the financial despair of hundreds of thousands of people across some of the poorest regions of the continent due to mortgages taken out years ago in Swiss francs.
Coke benefits from higher prices in North America
NEW YORK (AP) — Coca-Cola reported a profit that topped Wall Street expectations Tuesday as it stepped up marketing and fetched higher prices for sodas in North America.
The better-than-expected results helped send up the company's shares, even though quarterly profit was dragged down 55 percent by unfavorable currency rates overseas and one-time charges related to cost-cutting. The world's biggest beverage maker has been struggling to boost global sales volume and said it expects 2015 to be another challenging year.
To make up for weak volume gains at home, the company has been using a variety of tactics including a focus on "mini-cans" and smaller bottles that are positioned as premium offerings and help push up revenue.
US job openings rise to 14-year high; job quits, hiring up
WASHINGTON (AP) — The number of available jobs posted by U.S. employers rose in December to the highest level in 14 years, a sign recent strong job gains will likely continue. Employers also filled more jobs and more employees quit, two additional signs of an improving labor market.
Job openings rose 3.7 percent to a seasonally adjusted 5 million, the Labor Department said Tuesday. That is the most since January 2001. Total hires also increased 1.9 percent to 5.1 million, the most in more than seven years.
US wholesale stockpiles record smallest gain in 17 months
WASHINGTON (AP) — U.S. wholesale businesses increased their stockpiles in December at the slowest pace in 17 months, and sales were weak for a fifth month.