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Feds bust ATM hacking ring
Federal authorities say they’ve cracked a sophisticated computer hacking ring that stole more than $9 million within 12 hours last November, securing indictments against eight people from Russia, Estonia and Moldova. The acting U.S. attorney for the Northern District of Georgia said Tuesday that the ring hacked into payroll debit card information of Royal Bank of Scotland Group in Atlanta.
New Marriott brand
Marriott International Inc. plans a new luxury hotel brand, called the Autograph Collection. The hotels that would join the collection are independent upscale establishments that will be included under Marriott’s reward and reservation system. Marriott won’t manage the properties.
Foreclosure prevention
Citigroup Inc. and JPMorgan Chase & Co. lead the pack of big U.S. banks modifying home loans to troubled borrowers under the Obama administration’s main foreclosure prevention plan, the Treasury Department said. More than 650,994 modifications had been started through the Making Home Affordable Program as of last month, up from about 487,081 as of September.
Droid sales
Motorola Inc. probably sold 100,000 Droid phones in their first weekend on the market, a sign that the handset maker is recovering even though it still trails Apple Inc., an analyst said. Verizon Wireless, the carrier for the device, had 200,000 Droid phones on hand, and most stores sold at least half of their stock.
Best Buy to sell fitness gear
Starting today Best Buy Co. will sell health and fitness equipment in 40 stores across the U.S. Of more than 1,000 stores nationwide, 40 in Arizona, Colorado, Iowa, Maryland, Massachusetts, Nebraska, New Mexico and Texas will offer equipment related to running, walking, swimming, yoga and other activities, including pedometers, special MP3 players, yoga mats, scales and blood pressure monitors. The products also are available online at www.bestbuy.com.
Intel reader device
Intel Corp., seeking new applications for its chips, introduced a device that reads printed text aloud, an effort to reach the 55 million Americans with vision loss and learning disabilities. The Intel Reader, which sells for $1,499, relies on the Atom processor, a chip that also runs low-cost computers.
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