The U.S. economy added 178,000 jobs in November, while the unemployment rate fell to 4.6 percent from 4.9 percent the previous month, according to new government data released (Editor's note: the link could be paywalled; alternate source) Friday morning. From a report on the Washington Post: Economists surveyed by Bloomberg News had expected U.S. employers to create 180,000 new jobs last month -- roughly in line with the average number added in the first 11 months of the year. The first release after a contentious election in which the candidates disputed the health and direction of the economy, the data showed a job market that is continuing to steadily strengthen from the recession. The unemployment rate fell to levels not seen since August 2007, before a bubble in the U.S. housing market began to burst. The fall was driven partly by the creation of new jobs, and partly by people retiring and otherwise leaving the labor force. The labor force participation rate ticked down to 62.7 percent. Average hourly earnings declined by 3 cents to $25.89. The decrease pared back large gains seen in October, but over the year average hourly earnings are still up 2.5 percent, the Bureau of Labor Statistics said.
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Nestle and its scientists have discovered how to "structure sugar differently" to reduce the amount of sugar in some of its products by 40%. What's more is that it can be done reportedly without compromising the taste. The Guardian reports: The new process is said to make sugar dissolve faster so that even when less is used, the tongue perceives an identical level of sweetness. It plans to patent the process, discovered by its scientists, which it says will enable it to significantly decrease the total sugar in its confectionery products. A four-finger milk chocolate Kit Kat currently contains 23.8g of sugar, a plain (milk chocolate) Yorkie contains 26.9g and a medium peppermint Aero has 24.9g of sugar. If the amount of sugar in each of these products was cut by 40% the new amounts would be 14.3g, 16.1g and 14.9g respectively.
bulled writes: In the middle of a press release discussing the move of employees from Seattle to California, Cyanogen Inc notes that it has parted ways with Steve Kondik. It is unclear what this means for the future of CyanogenMod. NDTV reports: "Kondik took to the official CyanogenMod developer Google+ community recently where he voiced what he thought were the reasons behind Cyanogen's plight and blamed Kirt McMaster, Cyanogen's Co-Founder. 'I've been pretty quiet about the stuff that's been going on but I'm at least ready to tell the short version and hopefully get some input on what to do next because CM is very much affected,' wrote Kondik in a private Google+ community first reported by Android Police. According to Kondik's version, Cyanogen's turmoil is way far from being over. He claimed that Cyanogen had seen success thanks to the efforts by the community and the company. Though, this also changed how the company worked. Explaining how it all started to come down, Kondik wrote, 'Unfortunately once we started to see success, my co-founder apparently became unhappy with running the business and not owning the vision. This is when the 'bullet to the head' and other misguided media nonsense started, and the bad business deals were signed. Being second in command, all I could do was try and stop it, do damage control, and hope every day that something new didn't happen. The worst of it happened internally and it became a generally shitty place to work because of all the conflict. I think the backlash from those initial missteps convinced him that what we had needed to be destroyed. By the time I was able to stop it, I was outgunned and outnumbered by a team on the same mission.' Kondik also seemingly confirmed a report from July which claimed Cyanogen may pivot to apps. He further wrote, 'Eventually I tried to salvage it with a pivot that would have brought us closer to something that would have worked, but the new guys had other plans. With plenty of cash in the bank, the new guys tore the place down and will go and do whatever they are going to do. It's probably for the best and I wish them luck, but what I was trying to do, is over.'"
An anonymous reader quotes a report from The Verge: Lenovo Moto today confirmed that it will not be releasing a new smartwatch for the launch of Android Wear 2.0, due early next year. The company had earlier said it would not be releasing a new smartwatch in 2016, but it is now saying that it doesn't plan to put out a new device timed to the arrival of Google's newest wearable platform, either. Shakil Barkat, head of global product development at Moto, said the company doesn't "see enough pull in the market to put [a new smartwatch] out at this time," though it may revisit the market in the future should technologies for the wrist improve. "Wearables do not have broad enough appeal for us to continue to build on it year after year," Barkat said, and indicated that smartwatches and other wearable devices will not be in Moto's annual device roadmap. Whether or not Moto does jump back into the smartwatch market is still up in the air, but Barkat is leaving the possibility open. "We believe the wrist still has value and there will be a point where they provide value to consumers more than they do today," Barkat said. But it doesn't appear that we'll be getting a new Moto 360 or other smartwatch any time in the near future. Google announced back in September that it would be delaying the launch of Android Wear 2.0 from this fall to next year. LG and Huawei have also confirmed that they would not be releasing new smartwatches until at least next year.
Last month, instead of asking for data relating to specific individuals suspected of a crime, the Internal Revenue Service (IRS) demanded America's largest Bitcoin service, Coinbase, to provide the identities of all of the firm's U.S. customers who made transactions over a three year period because there is a chance they are avoiding paying taxes on their bitcoin reserves. On Wednesday, a federal judge authorized a summons requiring Coinbase to provide the IRS with those records. Gizmodo reports: Covering the identities and transaction histories of millions of customers, the request is believed to be the largest single attempt to identify tax evaders using virtual currency to date. As a so-called "John Doe" summons, the document targets a particular group or class of taxpayers -- rather than individuals -- the agency has a "reasonable basis" to believe may have broken the law. According to The New York Times, the IRS argued that two cases of tax evasion involving Coinbase combined with Bitcoin's "relatively high level of anonymity" serve as that basis. "There is no allegation in this suit that Coinbase has engaged in any wrongdoing in connection with its virtual currency exchange business," said the Justice Department on Wednesday. "Rather, the IRS uses John Doe summonses to obtain information about possible violations of internal revenue laws by individuals whose identities are unknown." In a statement, Coinbase vowed to fight the summons, which the company's head counsel has previously characterized as a "every, very broad" fishing expedition.
Microsoft has moved Windows 10 August update to the Current Branch for Business release track, putting the "Anniversary Update" in the queue for automatic downloads and installation on enterprise PCs. From a report on ComputerWorld: The move will also set in motion a two-month countdown clock on support for the original mid-2015 version of Windows 10. "Windows 10 1607, also known as the Windows 10 Anniversary Update, has been declared as Current Branch for Business (CBB) and is ready for deployment," Michael Niehaus, a director of product marketing, said in a post to a company blog that used similar wording to the first upgrade to the CBB. In April, Microsoft moved the November 2015 upgrade to the corporate delivery track. Microsoft issued the Anniversary Update Aug. 2, even though its numerical designation of 1607 referred to July (07) of this year (16). The upgrade will be released in January through Windows Update, Windows Update for Business and Windows Server Update Services (WSUS), Niehaus said.
Stephen Shankland, writing for CNET: Mozilla is marshaling public support for political positions, like backing net neutrality, defending encryption and keeping government surveillance from getting out of hand, says Denelle Dixon-Thayer, Mozilla's chief legal and business officer. The organization is funding the efforts with revenue from Firefox searches, which has jumped since 2014 when it switched from a global deal with Google to a set of regional deals. Mozilla brought in $421 million in revenue last year largely through partnerships with Yahoo in the US, Yandex in Russia and Baidu in China, according to tax documents released alongside Mozilla's 2015 annual report on Thursday. Pushing policy work brings new challenges well beyond traditional Mozilla work competing against Google's Chrome browser and Microsoft's Internet Explorer. They include squaring off against the incoming administration of Donald Trump.
Product Hunt, an online community of tech product enthusiasts, is no longer going at it alone. The three-year-old San Francisco startup said Thursday it is being acquired by AngelList, a popular crowdfunding platform for startups and angel investors. From a report on Fortune: Though Product Hunt is still a very young startup, it's not hard to see why it made the move to sell to AngelList. Product Hunt debuted three years ago, almost to the day-- founder Ryan Hoover and a friend, Nathan Bashaw, put together the original version of the website during the Thanksgiving weekend. Hoover had initially experimented with sharing apps and other tech products with a small group of friends via email newsletters. The site quickly grew in reputation among Silicon Valley insiders and tech enthusiasts everywhere as a place to share and find new or interesting apps, gadgets, and tech tools. It even had a small job board, which was Product Hunt's first source of revenue. Product Hunt also said it will continue to operate independently.
Nokia said Thursday mobile phones carrying its brand will make a comeback via a new venture that will reunite the Nokia brand with veteran Nokia execs who aim to move into smartphones capitalizing on an existing operation that sells low-cost basic phones. From a report on BBC: It's thanks to a deal with a small team based at a business park on the fringes of Helsinki, who are engaged in what will seem to many a foolhardy mission. They call themselves HMD Global -- and they believe they can make Nokia a big name in mobile phones once again. I met Arto Nummela, Pekka Rantala and Florian Seiche in a cafe on what is still the Nokia campus. That very day Arto and Pekka had stopped working for the Nokia Windows mobile phone business owned by Microsoft -- because they had acquired both it and the Nokia brand to start their new business. Yes, it is complicated, but so is the recent history of what was just a few years back Europe's technology superpower and the biggest force in mobile phones. After the launch of the iPhone in 2007, Nokia faltered and by 2011 was on what its first American chief executive, Stephen Elop, called a burning platform. Then, the phone business was sold to Microsoft, which soon found it had made a disastrous purchase as the Nokia Windows combination failed to claim a significant slice of a market dominated by Apple's iOS and Android. Now, the Finnish business -- which remained a big force in telecoms infrastructure after the sale of the mobile unit -- has licensed the Nokia brand to HMD Global, which aims to take it back to the future.
According to a report from The Information, Fitbit is buying smartwatch maker Pebble for a "small amount" of money. One source says Fitbit is paying between $34 and $40 million for the company and is "barely covering their debts." TechCrunch reports: A source close to the company told TechCrunch that watch maker Citizen was interested in purchasing Pebble for $740 million in 2015. This deal failed and before the launch of the Pebble 2 Intel made an offer for $70 million. The CEO, Eric Migicovsky refused both offers. Pebble released the newest version of its smartwatch in October, but the past year or so has been a challenging period. It laid off 25 percent of its staff in March, while we reported last year that it was in some trouble and had turned to debt funding and loans, as well as traditional investor cash, "in order to stay afloat." Earlier this year, Pebble CEO Migicovsky confirmed that his company had raised $28 million in debt and venture financing. He blamed a more cautious outlook from VCs focused on tech as the primary reason for letting 40 of Pebble's staff go.
With the most recent update to Uber's ride-hailing app, the company has begun requesting users if they are willing to share their location data with Uber app even while the app is not in use. The company says it plans to use the data gained to improve user experience -- including offering improved pick-up times and locations. From an article on Business Insider: In August the company moved away from using Google Maps for its service and began using its own mapping technology. Google's lack of accuracy in many non-Western countries led to increased friction between consumers and drivers. This means the company needs to boost the amount of location data it has. Location data could also be used to provide new channels of revenue for the digital platform. This could include serving ads of local businesses or recommending nearby places of interest to users. Mobile marketing, which relies on accurate location data is a rapidly growing industry and could serve as a revenue windfall for Uber in the years ahead as it faces increasing competition. In fact, revenue from location-targeted mobile ads is expected to grow at an annualized rate of almost 34% between 2014 and 2019, surpassing $18 billion, according to a forecast from BIA/Kelsey.
At a meeting with shareholders Wednesday, Microsoft CEO Satya Nadella was asked numerous times what the company is doing about Windows Phones, and why do they keep hearing that Microsoft is abandoning smartphone manufacturer business. The stakeholders also asked why the company is seemingly focusing more on Android and iOS rival platforms instead of its own. From a report on GeekWire: Microsoft shareholder Dana Vance, owner of a Windows Phone and a Microsoft Band, said he received an email about the Microsoft Pix app but was surprised to learn that it was available for iPhone and Android but not Windows Phone. Ditto for Microsoft Outlook. He also alluded to reports that Microsoft has put the Band on the back burner. Given this, he asked Nadella to explain the company's vision for its consumer devices. As part of his response, Nadella said Microsoft's Windows camera and mail apps will include the same features as in Microsoft's apps for other platforms. "When we control things silicon-up, that's how we will integrate those experiences," Nadella said. The company will "build devices that are unique and differentiated with our software capability on top of it -- whether it's Surface or Surface Studio or HoloLens or the phone -- and also make our software applications available on Android and iOS and other platforms. That's what I think is needed in order for Microsoft to help you as a user get the most out of our innovation." Another shareholder, who says he uses his Windows Phone "18 hours a day," said he has heard Microsoft is "stepping away from mobile." He asked, "Can you calm me down ... and tell me what your vision is for mobile?" Nadella answered, "We think about mobility broadly. In other words, we think about the mobility of the human being across all of the devices, not just the mobility of a single device. That said, we're not stepping away or back from our focus on our mobile devices," Nadella said. "What we are going to do is focus that effort on places where we have differentiation. If you take Windows Phone, where we are differentiated on Windows Phone is on manageability. It's security, it's Continuum capability -- that is, the ability to have a phone that can act like a PC. So we're going to double-down on those points of differentiation."
Reader Joe_NoOne writes: Like TV, social media now increasingly entertains us, and even more so than television it amplifies our existing beliefs and habits. It makes us feel more than think, and it comforts more than challenges. The result is a deeply fragmented society, driven by emotions, and radicalized by lack of contact and challenge from outside. This is why Oxford Dictionaries designated "post-truth" as the word of 2016: an adjective "relating to circumstances in which objective facts are less influential in shaping public opinion than emotional appeals." Traditional television still entails some degree of surprise. What you see on television news is still picked by human curators, and even though it must be entertaining to qualify as worthy of expensive production, it is still likely to challenge some of our opinions (emotions, that is). Social media, in contrast, uses algorithms to encourage comfort and complaisance, since its entire business model is built upon maximizing the time users spend inside of it. Who would like to hang around in a place where everyone seems to be negative, mean, and disapproving? The outcome is a proliferation of emotions, a radicalization of those emotions, and a fragmented society. This is way more dangerous for the idea of democracy founded on the notion of informed participation. Now what can be done? Certainly the explanation for Trump's rise cannot be reduced to a technology- or media-centered argument. The phenomenon is rooted in more than that; media or technology cannot create; they can merely twist, divert, or disrupt. Without the growing inequality, shrinking middle class, jobs threatened by globalization, etc. there would be no Trump or Berlusconi or Brexit. But we need to stop thinking that any evolution of technology is natural and inevitable and therefore good. For one thing, we need more text than videos in order to remain rational animals. Typography, as Postman describes, is in essence much more capable of communicating complex messages that provoke thinking. This means we should write and read more, link more often, and watch less television and fewer videos -- and spend less time on Facebook, Instagram, and YouTube.
Photo-filter app Prisma, the popular program which makes pictures and video look like painterly art, had its access to Facebook's Live Video API revoked this month. From a report on NYMag:According to Prisma, Facebook justified choking off Prisma's access by stating, "Your app streams video from a mobile device camera, which can already be done through the Facebook app. The Live Video API is meant to let people publish live video content from other sources such as professional cameras, multi-camera setups, games or screencasts." This is the implied aim of Facebook's video API, the technical entry point for producers to pump video into Facebook's network: The API is meant for broadcasting setups that are not phone-based. The problem is that none of this is explained in Facebook's documentation for developers. In fact, it states the opposite. Here is the very first question from the company's Live API FAQ: "The Live API is a data feed and the "glue" needed to create higher-quality live videos on Facebook. It allows you to send live content directly to Facebook from any camera."
GoPro has announced that it will lay off more than 200 employees and freeze hiring, amounting to a reduction of about 15% of its workforce. As part of the restructuring, the company is also shutting down its entertainment division. In addition, the company said president Tony Bates will be leaving the company. From a report on Variety: Also Wednesday, GoPro also said Black Friday camera unit sales were up more than 35% year-over-year at leading U.S. retailers. GoPro said its Hero5 Black camera has been the best-selling digital-imaging device in the U.S. since it launched Oct. 2, citing NPD Group data. GoPro shares climbed more than 4% in premarket trading Wednesday on the news. The move appears to spell the end of the struggling company's ambitions to branch out beyond device sales into the entertainment biz, which had included plans to produce original shows. The GoPro entertainment unit has been led by Ocean MacAdams, who previously held programming posts at MTV, Warner Music Group, and the Madison Square Garden Co., after Zander Lurie left in January to become CEO of SurveyMonkey. The division at one point had about 200 staffers, including Bill McCullough, who produced award-winning sports documentaries for HBO, and Joe Lynch, who previously led Time Inc.'s live-streaming initiatives.
Tech giant Samsung Electronics, under pressure from shareholders to improve investor returns, said on Tuesday it will consider creating a holding company in what would be the biggest shake-up in its 47-year history. Reuters reports: The move and a plan to raise dividends come after U.S. hedge fund Elliott Management in October called for the South Korean firm to split itself into a holding vehicle and an operating company. However, the world's top maker of smartphones, memory chips and televisions, said it was "absolutely neutral" about whether to proceed and provided little detail on the potential restructuring, underwhelming investors. "The review does not indicate the management or the board's intention one way or another," the company said in a statement, adding it had hired external advisers for a review expected to take at least six months. Shares in Samsung, worth $224 billion combined, finished unchanged on the day at 1.677 million won ($1,434) each. The 2016 dividend boost fell short of some expectations, while uncertainty over the restructuring kept investors at bay, analysts said.
Uber drivers will join forces with fast food, home care and airport workers in a nationwide protest on Tuesday. Their demand: higher pay. From a report on CNET: Calling it the "Day of Disruption," drivers for the ride-hailing company in two dozen cities, including Boston, Chicago, Los Angeles and San Francisco, will march at airports and in shopping areas carrying signs that read, "Your Uber Driver is Arriving Striking." The protest underscores the dilemma Uber faces as it balances the needs of its drivers with its business. Valued at $68 billion, Uber is the highest-valued venture-backed company worldwide. But as it has cut the cost of rides to compete with traditional taxi services, Uber reportedly has experienced trouble turning a profit. Unlike many other workers involved in Tuesday's protests, Uber drivers are not members of a union. In fact, Uber doesn't even classify its drivers as employees. Instead the company considers drivers independent contractors. This classification means the company isn't responsible for many costs, including health insurance, paid sick days, gas, car maintenance and much more. However, Uber still sets drivers' rates and the commission it pays itself, which ranges between 20 percent and 30 percent. "I'd like a fair day's pay for my hard work," Adam Shahim, a 40-year-old driver from Pittsburgh, California, said in a statement. "So I'm joining with the fast-food, airport, home care, child care and higher education workers who are leading the way and showing the country how to build an economy that works for everyone, not just the few at the top."
Cyber Monday is likely to have been the biggest online shopping day in history, according to an analysis of visits to US retail websites. Online spending in the US yesterday hit a new record with $3.39bn spent online, a 10.2 percent increase year-over-year -- ahead even of Black Friday, when $3.34bn was spent. ZDNet adds:Cyber Monday is expected to generate slightly less mobile revenue than Black Friday at $1.19bn, but that's still a 48 percent increase on last year, according to the analysis by Adobe. Consumers have spent a total of $39.9bn online so far this month, it said, up 7.4 percent on last November, with 27 out of 28 days seeing online sales of over $1bn. The five best-selling toys in terms of quantity sold on Cyber Monday were Lego, Shopkins, Nerf, Barbie, and Little Live Pets. The five best-selling electronic products were Sony PlayStation 4, Microsoft Xbox, Samsung 4K TVs, Apple iPads, and Amazon Fire tablets, the company said.
An anonymous reader writes: An Amazon employee was injured when he leaped off a building at the company's Seattle headquarters in what police characterized as a suicide attempt. The man, who wasn't identified by authorities, sent an e-mail visible to hundreds of co-workers, including Chief Executive Officer Jeff Bezos, before the incident occurred, according to a report on Bloomberg. The man survived the fall from Amazon's 12-story Apollo building at about 8:45 a.m. local time Monday and was taken to a Seattle hospital, police said. The man had recently put in a request to transfer to a different department, but was placed on an employee improvement plan, a step that can lead to termination if performance isn't improved, said the person, who asked not to be identified discussing company personnel matters. More than 20,000 people work in multiple buildings at Amazon's headquarters.
CNN announced Monday that it has purchased video-sharing app Beme, and will work with its founder, Casey Neistat, to build a new media brand next year focused on storytelling for a younger audience. Casey Neistat is a YouTube celebrity and tech entrepreneur who launched Beme last year. Variety reports: CNN said the new venture that it's forming out of the acquisition -- aimed at reaching millennial viewers with the street cred of Neistat's reporting and commentary -- will launch in the summer of 2017. All 11 of Beme's employees will join CNN; the cable news network will be shutting down Beme, which had garnered more than 1 million downloads. New York-based filmmaker Neistat, who has more than 5.8 million subscribers on YouTube, announced earlier this month on his channel that he would be suspending his personal vlog to focus on new projects, one of which turns out is the pact with CNN. His daily vlog dispatches cover current political and news events as well as action sequences like his viral "Snowboarding With the NYPD" video last winter. Led by Hackett, formerly VP of engineering at Yahoo's Tumblr, Beme's development team will "build technology to enable the new company and also develop mobile video capabilities for CNN's portfolio of digital properties," according to the Turner-owned cable news network. Neistat, 35, will lead the new venture's "editorial vision" as executive producer. CNN said it will employ its global resources to launch the new media brand, and plans to hire dozens of producers, builders, developers, designers and content creators for the new company. CNN said the new Beme-based company will operate as a standalone business under the CNN Digital umbrella.