SC business notebook, May 31

May 30, 2014 

Wall Street

Traders Gregory Rowe, left, and John Panin work on the floor of the New York Stock Exchange Friday, May 30, 2014. Two negative reports on U.S. consumers were pushing stocks lower in early trading Friday.

RICHARD DREW — AP

Watching D-Day ceremonies could be costly

Millions of viewers worldwide could miss live coverage of the commemorations marking the 70th anniversary of D-Day next week because the French president’s office reversed a decision to grant international news agencies free access to the broadcast. The administration of Francois Hollande has handed two French broadcast networks exclusive rights to the main international ceremony, and they are now imposing sports-style syndication fees on global news agencies, satellite and cable news channels, and online news outlets. The French host broadcasters, France Televisions and TF1, are demanding that global news providers AP, AFP, Reuters and ENEX pay nearly 200,000 euros ($265,000) collectively for live broadcast and online streaming coverage of the official ceremonies, which feature at least 18 heads of state. The French networks are providing coverage free to European state broadcasters, who belong to the 100-member European Broadcasting Union consortium. AP, Reuters, AFP and ENEX together represent over 1,500 broadcasters and thousands of digital platforms. The four agencies have protested the decision, calling for all news organizations to be granted free access to live coverage of an event of global importance.

Hackers more advanced than those trying to stop them

The hackers are winning, according to a survey of 500 executives of U.S. businesses, law enforcement services and government agencies released this week. The 12th annual survey of cybercrime trends found that online attackers determined to break into computers, steal information and interfere with business are more technologically advanced than those trying to stop them. The survey was co-sponsored by San Jose, California-based business consulting firm PwC, the U.S. Secret Service, the CERT Division of Carnegie Mellon University’s Software Engineering Institute and CSO security news magazine. Three out of four respondents said they had detected a security breach in the past year, and the average number of security intrusions was 135 per organization, the survey found. The top five cyberattack methods reported in the survey were malware, phishing, network interruption, spyware and denial-of-service attacks.

Google smartphone unit in Texas to close

Google’s Motorola Mobility smartphone unit will shutter its Texas factory by the end of 2014, barely a year after it opened with much fanfare as the first smartphone factory in the U.S. Motorola Mobility spokesman Will Moss says sales of its flagship handset the Moto X were too weak and the costs of running the plant too high to keep operations going. Gov. Rick Perry and Google executive chairman Eric Schmidt were in attendance opening day. Also there was Mike McNamara, CEO of Flextronics Ltd., the Singapore-based international contract electronics manufacturer that runs the plant. Moss says the factory employs about 700 workers who assemble the Moto X smartphones for the U.S. market. He declined to comment on whether Motorola would retain the workers.

Dow breaks another record

The Dow Jones industrial average has edged up to finish at a record high close. The Dow last closed at a record two weeks ago. The index of 30 major U.S. companies gained 18 points, or 0.1 percent, to close at 16,717 Friday, less than two points above its previous high. The Standard & Poor’s 500 rose three points, or 0.2 percent, to 1,923.

The Associated Press contributed.

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