bloomberg

Cab-hailing apps get green light in NYC

Clearing the way for services like Uber, an appellate court Thursday lifted a temporary injunction on New York City's pilot plan to allow travelers to hail yellow cabs via smartphone. The plan, which challenges the traditional curbside street hail, has faced strong opposition from New York's livery and black-car operators.

Uber had just launched its New York taxi-hailing pilot program at the end of April when the New York Supreme Court Appellate Division issued the emergency injunction.

Today's news came just hours after another related legal victory for Mayor Michael Bloomberg's administration. His plan to expand … Read more

Bloomberg launches $75M venture capital fund

Media outlet Bloomberg will launch a $75 million venture capital fund to invest in early-stage companies.

The fund, called Bloomberg Beta, is expected to launch Wednesday, according to various media reports, but has already invested in nine companies, including Newsle, Nodejitsu, Codecademy, Errplane, and ProsperWorks, according to VentureBeat.

The independent venture will focus on startups that are "producing insights from data" and "making the experience of work better," according to a news release cited by VentureBeat.

Bloomberg has invested in tech companies before through Bloomberg Ventures, an incubator that helped companies that could be combined with … Read more

Bloomberg: Yes, reporters had access to client data

Reporters at Bloomberg had the ability to view the log-in history and certain other account details of the company's clients.

In a mea culpa posted today, Bloomberg News editor in chief Matthew Winkler fessed up to the practice, revealing that reporters had access to Bloomberg terminals through which they could see a user's log-in history and find out when the account was created.

The terminals are computer systems used by both Bloomberg and its subscribers to access the latest financial news and stock quotes and to exchange messages over the firm's secure network.

Reporters also could see &… Read more

Tweets arrive on Bloomberg terminals

In the latest triumph for the real-time social network, Twitter will now be incorporated into the Bloomberg terminals popular with Wall Street traders.

The company says it plans to incorporate tweets into its data service, widely used in the financial industry, so that people can monitor social media buzz about companies, according to The New York Times.

The irony is that financial services firms have long blocked the service as a potential risk in violating the regulations that govern the communications of their employees.

In this example, though, Twitter isn't a channel for employee output, but public input.

More … Read more

The 404 1,230: Where there's nothing in the safe (podcast)

Leaked from today's 404 episode:

- 60,000 Redditors want to know what's in this safe.

- NYC looks to Facebook for the future of payphones.

- UD Replicas makes a replica of the most underrated accessory from "The Dark Knight."

- Samsung Galaxy Watch "definitely" coming, Samsung confirms.

- The Pebble smartwatch finally arrives on doorsteps to a chorus of approval.

- Pebble breakdown shows waterproofing makes repairs impossible.… Read more

The 404 1,222: Where we bust myths and eardrums (podcast)

Leaked from today's 404 episode:

- Makerbong? 3D printing is getting stoned.

- Bloomberg's next ban may be loud headphones.

- A petition to change the national anthem to R. Kelly's 2003 hit "Ignition (Remix)."

- 404 Archive News: 404 Redditor fanbanlo posted a link to download 1,217 archived episodes of the show. Canoy took care of a search for all 404 episodes on CNET.… Read more

The 404 1,207: Where we learned it by watching you (podcast)

Leaked from today's 404 episode:

- Heart Attack Grill spokesman dies of heart attack.

- Two Atlanta women left with third-degree burns after Instagram feud fuels hot oil attack.

- Apple reportedly testing curved glass for 'iWatch.'

- CBS stations stop Tweeting about Dorner.

Bathroom break video: Beatboxing and studying the SATs… Read more

Gates, Ellison, other tech moguls got richer last year

It's said that the rich get richer. And that's certainly true at the moment in the tech world.

Grabbing Bloomberg's No. 2 spot among the world's top billionaries, Microsoft chairman Bill Gates has an estimated worth of $63.4 billion as of yesterday. Despite donating a hefty amount of money to charitable causes, Gates' net worth managed to rise 1.1 percent over the past year, making him the richest tech mogul on the list.

Worth $40.7 billion, Oracle CEO Larry Ellison saw a 3.6 percent gain in his fortune last year. The largest … Read more

Share Karma's Wi-Fi, get free data

Friday's CNET Update is counting megabytes:

Today's tech news roundup looks at the Karma hotspot, which rewards owners with free data for sharing access with others. Karma gives 100 megabytes of data for every person who taps into the network, plus the owner gets another 100 megabytes that do not expire. Adding more data costs $14 for 1 gigabyte. Frequent travelers might find Karma appealing. FreedomPop is offering a similar concept for home broadband, giving free data every month and adding more to those that recommend friends.

Another startup wants to change how we watch broadcast television. Aereo … Read more

Aereo streaming joins forces with Bloomberg TV

Despite major TV networks claiming Aereo's illegitimacy, the streaming service now has an official cable TV partner: Bloomberg.

Aereo struck a deal with Bloomberg TV today to allow streaming news, according to The Wall Street Journal. Reportedly, Aereo will pay Bloomberg TV for its content, but the terms of the deal were not disclosed.

"We believe that our members will see deep value adding in Bloomberg Television as their 'go-to' source for financial news," Aereo founder Chet Kanojia said in a statement, according to the Journal. While Bloomberg TV announced that it was "pleased to have … Read more