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The Almighty Buck

Facebook Autofill Wants To Store Users' Credit Card Info 123

cagraham writes "Facebook has teamed up with payment processors PayPal, Braintree, and Stripe, in an attempt to simplify mobile payments. The system allows Facebook members (who have turned over their credit and billing info) to click a 'Autofill with Facebook' button when checking-out on a mobile app. Facebook will then verify the details, and securely transfer a user's info over to the payment processing company. The move is likely aimed at gathering more data on user behavior, which can be used to increase the prices Facebook charges for mobile ads. Whether or not the feature takes off however, will depend almost entirely on how willing users are to trust Facebook with their credit card data."
Government

USAF Almost Nuked North Carolina In 1961 – Declassified Document 586

Freshly Exhumed sends in a story about how close the United States came to accidentally attacking itself with nuclear weapons just a few days after John F. Kennedy took office. "A secret document, published in declassified form for the first time by the Guardian today, reveals that the U.S. Air Force came dramatically close to detonating an atom bomb over North Carolina that would have been 260 times more powerful than the device that devastated Hiroshima. The document, obtained by the investigative journalist Eric Schlosser under the Freedom of Information Act, gives the first conclusive evidence that the US was narrowly spared a disaster of monumental proportions when two Mark 39 hydrogen bombs were accidentally dropped over Goldsboro, North Carolina on 23 January 1961. The bombs fell to earth after a B-52 bomber broke up in mid-air, and one of the devices behaved precisely as a nuclear weapon was designed to behave in warfare: its parachute opened, its trigger mechanisms engaged, and only one low-voltage switch prevented untold carnage."
Microsoft

Ballmer Admits Microsoft Whiffed Big-Time On Smartphones 278

Nerval's Lobster writes "During an executive Q&A at Microsoft's Financial Analyst Meeting on Sept. 19 (video), outgoing CEO Steve Ballmer admitted that Windows Phone had a minuscule share of the smartphone market, and expressed regret over his company's inability to capitalize on burgeoning interest in mobile devices. 'I regret that there was a period in the early 2000s when we were so focused on what we had to do around Windows that we weren't able to redeploy talent to the new device called the phone,' Ballmer told the audience of Wall Street analysts and investors. 'That is the thing I regret the most.' Back in 2007, Ballmer famously denigrated the first-generation iPhone as an expensive toy that would fail to gain significant market share. He was forced to eat his words after the iPhone became a bestseller and ignited a huge market for touch-screen smartphones. Google subsequently plunged into that smartphone arena with Android, which was soon adopted by a variety of hardware manufacturers. While the iPhone (running iOS) and Android carved up the new market between them, Microsoft tried to come up with its own mobile strategy. The result was Windows Phone, which (despite considerable investment on Microsoft's part) continues to lag well behind Android and iOS in the smartphone wars. Even as he focused on discussing Microsoft's financials, Ballmer also couldn't resist taking some swipes at Google, suggesting that the search-engine giant's practices are 'worthy of discussion with competition authority.' Given Microsoft's own rocky history with federal regulators, that's sort of like the pot calling the kettle black; but Ballmer's statement also hints at how, in this new tech environment, Microsoft is very much the underdog when it comes to some of the most popular and lucrative product segments."
Hardware

Qualcomm Says Eight-Core Processors Are Dumb 526

itwbennett writes "Following rival MediaTek's announcement of plans to release an eight-core processor in the fourth quarter, Qualcomm has declared eight-core processors 'dumb'. 'You can't take eight lawnmower engines, put them together and now claim you have an eight-cylinder Ferrari. It just doesn't make sense,' Qualcomm's senior vice president Anand Chandrasekher said, according to a transcript of his comments to Taiwan media provided on Friday. Asked whether Qualcomm would one day launch its own octa-core processor, Chandrasekher said, 'We don't do dumb things.'"
The Media

Apple Leaves Journalists Jonesing 277

Hodejo1 writes "Apple traditionally has big product announcements in the early spring, so around February both the mainstream press and the tech blogs began to circulate their favorite rumors (the iWatch, iTV). They also announced the date of the next Apple event, which this year was in March — except it didn't happen. 'Reliable sources' then confirmed it would be in April, then May and then — nothing. In withdrawal and with a notoriously secretive Apple offering no relief the tech journalists started to get cranky. The end result is a rash of petulant stories that insist Apple is desperate for new products, in trouble (with $150 billion dollars in the bank, I should be in such trouble) and in decline. The only ones desperate seem to be editors addicted to traffic-generating Apple announcements. Good news is on the horizon, though, as the Apple Worldwide Developer Conference starts June 10th." This was in evidence last night, as Apple CEO Tim Cook spoke to the press at the All Things D conference. Cook's statements were mostly the sort of vague, grandiose talk that gets fed to investors on an earnings call, but it's generating article after article because, hey, it's Tim Cook.

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