Zack Whittaker reports via ZDNet: A U.S. company refused to comply with a top-secret order that compelled it to facilitate government surveillance, according to newly declassified documents. According to the document, the unnamed company's refusal to participate in the surveillance program was tied to an apparent expansion of the foreign surveillance law, details of which were redacted by the government prior to its release, as it likely remains classified. It's thought to be only the second instance of an American company refusing to comply with a government surveillance order. The first was Yahoo in 2008. It was threatened with hefty daily fines if it didn't hand over customer data to the National Security Agency. The law is widely known in national security circles as forming the legal basis authorizing the so-called PRISM surveillance program, which reportedly taps data from nine tech titans including Apple, Facebook, Google, Microsoft, and others. It also permits "upstream" collection from the internet fiber backbones of the internet. Any guesses as to which company it may be? The company was not named in the 2014-dated document, but it's thought to be an internet provider or a tech company.

Former Yahoo CEO Marissa Mayer, who resigned on Tuesday after running the company for about five years, appeared at a conference in London today. At the conference, Mayer said one of the things she was looking forward to in her post-Yahoo life was using Gmail again. "I am always faster when using a tool I designed myself," she added.

An anonymous reader shares a TechCrunch article: After Yahoo shareholder approval last week, Verizon today announced that it has finally closed its acquisition of Yahoo, which it plans to combine with its AOL assets into a subsidiary called Oath, covering some 50 media brands and 1 billion people globally. It will be led by Tim Armstrong, who was the CEO of AOL before this. As expected, Marissa Mayer, who had been the CEO of Yahoo, has resigned. "Given the inherent changes to Marissa Mayer's role with Yahoo resulting from the closing of the transaction, Mayer has chosen to resign from Yahoo. Verizon wishes Mayer well in her future endeavors," Verizon said in a statement. You can find Marissa in her own words here on Tumblr. It's a long list of the achievements made with her at the helm these last five years, and -- alas -- you will only read of the struggles that Yahoo went through between the lines. The deal, nevertheless, brings to a close the independent life of one of the oldest and most iconic internet brands, arguably the one that led and set the pace for search -- the cornerstone of doing business on the spaghetti-like internet -- at least until Google came along and surpassed Yahoo many times over, and led the company into a number of disastrous and costly attempts to redefine itself, ultimately culminating in the sale we have here today.

An anonymous reader quotes CNBC: The so-called "big five" -- Apple , Alphabet Class A shares, Microsoft , Facebook and Amazon -- lost more than $97.5 billion in market value between the close on Thursday and the close on Friday, according to FactSet, dragging the Nasdaq to its worst week of the year. Shares of Apple fell nearly 4 percent on Friday, while the other four companies fell more than 3 percent. For most of the day, only 3 stocks in the S&P 500 tech sector were in the green: IBM , Teradata and Western Union . Apple, Facebook, Amazon, Netflix, and Alphabet all traded more than 2 times their 30-day average volume... "They're just plain overbought," said David Bahnsen founder, managing director and chief investment officer of The Bahnsen Group, a private wealth management firm. "They are extremely stretched from a valuation standpoint."
CNN notes the drop occurred "after a Goldman Sachs analyst questioned this year's run-up in the industry's five biggest names." They also added that "The top five techs today account for 13% of the market value weighting in the S&P 500, even though they are only 1% of the companies in the index."

Verizon's acquisition and merger of AOL and Yahoo will result in many job cuts. According to Recode, up to 1,000 AOL and Yahoo jobs are expected to take place across the two companies as the merger is completed. From the report: This action is not unexpected, given that both companies have a lot of redundancies, including in human resources, finance, marketing and general administration. The merger between the two companies -- after Verizon bought both in succession to add tech and content to its mobile services -- is expected to be completed in the next week. The shareholder meeting to approve the deal takes place tomorrow. Plans to combine both companies have been in the works for a while, as the pair attempt to make a cohesive unit out of two entities that have multiple assets and also multiple problems. It will be headed by AOL CEO Tim Armstrong, who will become the CEO of Oath, the new name for the Verizon subsidiary.

Long-time Slashdot reader brentlaminack writes: One of the first and best social bookmarking platforms, Del.icio.us has changed hands about four times, one was to Yahoo for >$15M. Its most recent relaunch was over a year back, which was their last blog entry. Now images are broken, little "advertisement" blocks show up with no advertisements, things seem moribund. What's the deal?
The Next Web reports: It's the end of the road for social bookmarking website del.icio.us. After almost fifteen years, the site has been acquired by rival Pinboard, and will be shuttered on June 15, when it goes into read-only mode. While the site will continue to be viewable, users won't be able to save any new bookmarks. Del.icio.us pioneered the social bookmarking paradigm. Its influence can be seen everywhere, from Reddit to Twitter...

After del.icio.us was acquired by AVOS Systems in 2011, users fled to Pinboard in droves over complaints AVOS was fundamentally changing the makeup of the site. By purchasing del.icio.us, Pinboard is able to coax the few remaining del.icio.us users to jump ship. Depending on how much Pinboard paid for the site, how many users remain, and how many users Pinboard is able to convert, this could be a financially lucrative move. A Pinboard subscription costs $11 per annum.
A late update to the article includes a quote from Pinboard founder Maciej Ceglowski. "In a statement, he said 'I am the greatest.' Ceglowski also confirmed the purchase price for del.icio.us, which was $35,000."

OutOnARock quotes a report from Yahoo: Ross Ulbricht, the founder of the darknet marketplace known as Silk Road, has lost his appeal of a 2015 conviction that has him serving a life sentence on drug trafficking and money laundering charges, according to a federal appeals court decision released Wednesday morning. Ulbricht argued that the district court that convicted him violated the Fourth Amendment -- which protects against unreasonable searches and seizures -- by wrongly denying his motion to suppress evidence, and that he was deprived of his right to a fair trial. "On the day of Ulbricht's arrest, the government obtained a warrant to seize Ulbricht's laptop and search it for a wide variety of information related to Silk Road and information that would identify Ulbricht as Dread Pirate Roberts," states the decision by the United States Court of Appeals for the Second Circuit in Downtown Manhattan. "Ulbricht moved to suppress the large quantity of evidence obtained from his laptop, challenging the constitutionality of that search warrant."

An anonymous reader shares an article: Kanishk Sajnani did not receive so much as a thank you from a major Indian airline when he contacted them with alarming news -- he had hacked their website and could book flights anywhere in the world for free. It was a familiar tale for India's army of "ethical hackers," who earn millions protecting foreign corporations and global tech giants from cyber attacks but are largely ignored at home, their skills and altruism misunderstood or distrusted. India produces more ethical hackers -- those who break into computer networks to expose, rather than exploit, weaknesses -- than anywhere else in the world. The latest data from BugCrowd, a global hacking network, showed Indians raked in the most "bug bounties" -- rewards for red-flagging security loopholes. Facebook, which has long tapped hacker talent, paid more to Indian researchers in the first half of 2016 than any other researchers. Indians outnumbered all other bug hunters on HackerOne, another registry of around 100,000 hackers. One anonymous Indian hacker -- "Geekboy" -- has found more than 700 vulnerabilities for companies like Yahoo, Uber and Rockstar Games. Most are young "techies" -- software engineers swelling the ranks of India's $154-billion IT outsourcing sector whose skill set makes them uniquely gifted at cracking cyber systems.

You may remember Disney's boss revealing that hackers had threatened to leak one of the studio's new films unless it paid a ransom. Bob Iger didn't name the film, but it was thought to be "Pirates of the Caribbean: Dead Men Tell No Tales." But now Iger says: "To our knowledge we were not hacked." From a report: Disney chairman-CEO Bob Iger confirmed Thursday that a hacker claiming to have stolen an upcoming Disney movie and demanding a ransom didn't appear to have the goods. "To our knowledge we were not hacked," Iger told Yahoo Finance. "We had a threat of a hack of a movie being stolen. We decided to take it seriously but not react in the manner in which the person who was threatening us had required." Iger continued, "We don't believe that it was real and nothing has happened." On May 15, as first reported by The Hollywood Reporter, Iger told ABC employees at a town hall meeting in New York that someone claiming to have stolen an upcoming movie would release the film on the internet unless the company paid a ransom. Iger told staff that the studio wouldn't meet any such demands.

An anonymous reader writes: Snap CEO Evan Spiegel addressed on Wednesday what many have been hoping he would address for months: What he thinks about Facebook and the fact the social giant is copying all of Snapchat's best features. On Snap's Q1 earnings call Wednesday, Spiegel was asked bluntly: "Does Facebook scare you? Why or why not?" Spiegel laughed. Then talked about how important it is to be creative. Then said this: "At the end of the day, just because Yahoo, for example, has a search box, it doesn't mean they're Google." Fun fact: Yahoo is an investor in Snap.

An anonymous reader writes: Artificial intelligence (AI) development has seen an "amazing renaissance" and is beginning to solve problems that were once seen as science fiction, according to Amazon CEO Jeff Bezos. Machine learning, machine vision, and natural language processing are all strands of AI that are being developed by technology giants such as Amazon, Alphabet's Google, and Facebook for various uses. These AI developments were praised by the Amazon founder. "It is a renaissance, it is a golden age," Bezos told an audience at the Internet Association's annual gala last week. "We are now solving problems with machine learning and artificial intelligence that were in the realm of science fiction for the last several decades. And natural language understanding, machine vision problems, it really is an amazing renaissance." Bezos called AI an "enabling layer" that will "improve every business."

boley1 quotes Business Insider: According to Elon Musk, the main challenges with flying cars are that they'll be noisy and generate lots of wind because of the downward force required to keep them in the air. Plus, there's an anxiety factor. "Let's just say if something is flying over your head...that is not an anxiety-reducing situation," he said. "You don't think to yourself 'Well, I feel better about today. You're thinking 'Is it going to come off and guillotine me as it comes flying past?'"

AT&T announced plans to deliver what it's calling the "5G Evolution" network to more than 20 markets by the end of the year. While the company is "using some wordsmithing to deliver to you faster internet speeds," it's important to note that this is not actually a real 5G network. Yahoo reports: 5G still has years of development and testing before it will be rolled out across the U.S. So don't let AT&T's use of "5G" make you think that the next-generation wireless standard has arrived. In reality, the 5G AT&T is talking about is a bumped-up version of its 4G LTE to help it bridge the gap until the real 5G, with its ultra-fast speeds and better bandwidth, is rolled out. It's also important to note that AT&T won't offer its 5G Evolution technology to all of its customers initially. In fact, it's currently only available in Austin, TX, and the company plans to extend it to Atlanta, Boston, Chicago, Los Angeles, and other big markets in the coming months. If you're in a smaller metro market, you'll be out of luck. Perhaps the biggest limitation, and the reason few people will likely have the chance to actually use the 5G Evolution, is that AT&T is restricting it to select devices -- specifically, the Samsung Galaxy S8 and S8+. While that's great if you have one of those particular phones in one of the specific cities where AT&T's faster service exists, it's not so great if you're using another device.

The US space industry is prodding the US government into refreshing its outdated laws on commercial activity beyond earth: scare it with talk of Chinese galactic domination. A report adds: At a Senate hearing on the space industry this week, companies that build rockets and space habitats and manufacture electronic goods in space spoke about a standard laundry list of complaints, from regulatory burdens to fears of subsidized competitors. But their message was wrapped in patriotic concerns about China's growing capacity for space action. These companies are eager for the US government to allow and invest in commercial activities in orbit and around the moon. Many think the laws governing action in space, and particularly the UN Space Treaty, need refreshing for an age when private companies are close to matching the space capacity of sovereign nations. The last major change was a law on asteroid mining passed in 2015.

Nomx, a startup that offers an email client by the same name, bills itself as the maker of the "world's most secure email service." The startup goes on to suggest that "everything else is insecure." So it was only a matter of time before someone decided to spend some time on assessing how valid Nomx's claims are. Very misleading, it turns out. From a report on Motherboard: Nomx sells a $199 device that essentially helps you set up your own email server in an attempt to keep your emails away from mail exchange (or MX) -- hence the brand name -- servers, which the company claims to be inherently "vulnerable." Security researcher Scott Helme took apart the device and tried to figure out how it really works. According to his detailed blog post, what he found is that the box is actually just a Raspberry Pi with outdated software on it, and several bugs. So many, in fact, that Helme wrote Nomx's "code is riddled with bad examples of how to do things." The worst issue, Helme explained, is that the Nomx's web application had a vulnerability that allowed anyone to take full control of the device remotely just by tricking someone to visit a malicious website. "I could read emails, send emails, and delete emails. I could even create my own email address," Helme told Motherboard in an online chat. A report on BBC adds: Nomx said the threat posed by the attack detailed by Mr Helme was "non-existent for our users." Following weeks of correspondence with Mr Helme and the BBC Click Team, he said the firm no longer shipped versions that used the Raspberry Pi. Instead, he said, future devices would be built around different chips that would also be able to encrypt messages as they travelled. "The large cloud providers and email providers, like AOL, Yahoo, Gmail, Hotmail - they've already been proven that they are under attack millions of times daily," he said. "Why we invented Nomx was for the security of keeping your data off those large cloud providers. To date, no Nomx accounts have been compromised."

Vindu Goel, reporting for the NYTimes: Yahoo shareholders will vote June 8 on whether to sell the company's internet businesses to Verizon Communications for $4.48 billion. A yes vote, which is widely expected, would end Marissa Mayer's largely unsuccessful five-year effort to restore the internet pioneer to greatness. But Ms. Mayer, the company's chief executive, will be well compensated for her failure. Her Yahoo stock, stock options and restricted stock units are worth a total of $186 million, based on Monday's stock price of $48.15, according to data filed on Monday in the documents sent to shareholders about the Verizon deal. That compensation, which will be fully vested at the time of the shareholder vote, does not include her salary and bonuses over the past five years, or the value of other stock that Ms. Mayer has already sold. All told, her time at Yahoo will have netted her well over $200 million, according to calculations based on company filings.

jenningsthecat writes: As reported here back in February, the CBC, (Canada's national broadcaster), revealed DNA test results which indicated the chicken used in Subway Restaurants' sandwiches only contained about 50% chicken. Now, Subway is suing the public broadcaster for $210 million, because "its reputation and brand have taken a hit as a result of the CBC reports." The suit claims that "false statements [...] were published and republished, maliciously and without just cause or excuse, to a global audience, which has resulted in pecuniary loss to the plaintiffs."

Personally, my working assumption here is that the CBC report is substantially correct. It will be interesting to see how the case plays out -- but should this have happened at all? Regulatory agencies here in Canada seem to be pretty good when it comes to inspecting meat processing facilities. Should they also be testing the prepared foods served by major restaurant chains to ensure that claims regarding food content are true and accurate?

An anonymous reader quotes a report from Yahoo: Scientists at Oak Ridge National Laboratory in Tennessee have developed a dryer that could make doing laundry much quicker. Called the ultrasonic dryer, it's expected to be up to five times more energy efficient than most conventional dryers and able dry a large load of clothes in about half the time. Instead of using heat the way most dryers do, the ultrasonic dryer relies on high-frequency vibrations. Devices called green transducers convert electricity into vibrations, shaking the water from clothes. The scientists say that this method will allow a medium load of laundry to dry in 20 minutes, which is significantly less time than the average 50 minutes it takes in many heat-based machines. The drying technology also leaves less lint behind than normal dryers do, since the majority of lint is created when the hot air stream blows tiny fibers off of clothing. Drying clothes without heat also reduces the chance that their colors will fade. While the ultrasonic dryer has been in development for the past couple of years, the U.S. Department of Energy explains in a published video that it has recently been "developed into a full-scale press dryer and clothes dryer drum -- setting the stage for it to one day go to market through partners like General Electric Appliances."

Demand for potato chips has surged in Japan this week, with products on offer for 6 times their retail price online after Japanese snack company Calbee halted the sale of some of its most popular chip brands. From a report: Calbee's pizza-flavored chips were going for about 1,250 yen ($12) on Yahoo Japan Corp.'s auction website Friday. One bag usually sells for less than 200 yen. Photos of near-empty shelves at their local supermarkets were trending on Twitter. The crunch came after Calbee warned on Monday that it will temporarily halt the sale of 15 types of potato chips due to a bad crop in Hokkaido, a key potato-producing region. The northern island was hit by a record number of typhoons last year. Calbee, which has a market value of 507.9 billion yen and is 20 percent-owned by PepsiCo Inc., has a 73 percent market share of potato chips. Potato chips are a big deal in Japan, a country also known for its senbei rice crackers and Pocky sticks. Calbee's potato-snack products were the most and second-most popular snacks in a TV Asahi poll of 10,000 people and 13 confectionery makers last year, and the subject of a primetime show that lasted more than two hours.

JP Mangalindan, reporting for Yahoo Finance: Fitbit's first "proper" smartwatch and first-ever pair of bluetooth headphones are due out this fall after a series of production mishaps delayed the project, Yahoo Finance has learned. The fitness tracker company's smartwatch project has been a troubled one. Production problems have forced Fitbit to push an original spring launch to this fall, according to two sources familiar with the matter. "In one of the more final prototypes, the GPS wasn't working because the antennae wasn't in the right place," one of those sources told Yahoo Finance. "They had to go back to the drawing board to redesign the product so the GPS got a strong signal." Fitbit's design team also ran into problems making its smartwatch fully waterproof, even though that's a key design element for the Apple Watch Series 2. Indeed, it's still unclear as of the publication of this article whether the device will launch with the waterproof feature.