Five of the UK’s six biggest lenders have signed up to the Funding for Lending scheme, designed to stimulate the economy by making cheaper loans available to firms and individuals. It was reported that only the HSBC didn’t took the part, as it says it does not need additional funding.
The Bank of England, which runs the scheme, said 13 banks and building societies had signed up so far.
They represent 73% of the market and £1.2 trillion worth of lending.
The institutions can borrow the equivalent of up to 5% of their loan books immediately, and more if they meet certain conditions over the next year.
Based on their current lending banking levels, the 13 institutions could initially draw on up to £60bn of Bank of England funding.
Paul Fisher, the Bank of England’s executive director for markets, said that a “significant number” of other banks and building societies were close to signing up.
On the tyler group press releases, Mr. Paul Fisher said that he is confident enough that the FLS (Funding for Lending Scheme) will help the supply of credit.
“Before its introduction, it was more likely than not that the stock of credit would contract further over the next 18 months,” he added.
Twitterverse, there’s some bad news and good news for you today. The bad news is, login details of over 55,000 Twitter accounts were leaked by an unknown hacker. The good news though: most of them appears to be from spammers anyway.
News of the password leak was first reported by a hacktivist news blog, Airdemon. Included in their post was an observation that this leak could possibly be just a warning to millions of Twitter users — that they are vulnerable to hacking anytime. And for 140 million Tweeps, that is a serious threat.
Officials from Shaw Capital Management Financial News were quick to note that the leaked list was actually composed of 20,000 duplicate entries and that most of them are apparently from suspended accounts due to spamming.
“So far, we’ve discovered that the list of alleged accounts and passwords found on Pastebin consists of more than 20,000 duplicates, many spam accounts that have already been suspended.”
At any rate, they announced that they are conducting investigations and have required affected account owners to reset their password credentials.
A Twitter spokesperson issued the following statement regarding the hack:
We are currently looking into the situation. In the meantime, we have pushed out password resets to accounts that may have been affected. For those who are concerned that their account may have been compromised, we suggest resetting your passwords and more in our Help Center.
It’s worth noting that, so far, we’ve discovered that the list of alleged accounts and passwords found on Pastebin consists of more than 20,000 duplicates, many spam accounts that have already been suspended and many login credentials that do not appear to be linked (that is, the password and username are not actually associated with each other).
The hack may have happened sometime between the 5th and the 7th of May as Twitter has been offline for an hour during that time period and the hacked data was subsequently posted on Pastebin on the 7th. Although most of the accounts posted have correct usernames, their corresponding password apparently does not match.
The inception of modern technology has finally given way to documents scanning, images, text files, old documents and the likes are recovered, retrieved and archived –once deemed impossible. This process is done with the use of a so-called-scanner in which has changed the way man’s modern lives are run.
According to Shaw Capital Management Financial News, document scanning is the process of transferring one document or text from its paper form onto a computer screen. More specifically, document scanning is the method of converting an analog fact or record into a digital data. Meaning, it becomes data that the computer system can read which are considered as multi-tasking and take as the number one problem for some whose just starts recognizing the world that is into its modernization.
There are instances that we are always in a hurry and just end up taking a picture of the paper using the mobile phone, since the scanner is can only get by few. So instead, you will usually pull off a single piece of paper that takes a couple of trial and error to basically fits in the right size.
So because of this, a new enhanced scanner called ScanBooth introduced as a new way of scanning our documents such as photos the most commonly known in getting the process.
ScanBooth is a single piece of plastic that folds into a stand for your camera phone facing downwards. You can put whatever you want under it–documents, pictures, small objects, and so on. The stand is sturdy, easily capable of holding up a 4-pound laptop, and made of 100% recyclable plastic. Not only that, but it’s light, thin, easy to ship pack.
ScanBooth costs of $25 for an easy and well convenient scanning of documents. Though it sounds like a bit much, but it can give you right away the quality of work that you are looking for.
Starbucks reached a deal to purchase Bay Bread and its La Boulange brand for USD 100 million, making it its largest acquisition yet in a bid to boost its food offerings.
Howard Schultz, the President and CEO of the largest coffee-shop operator remarked, “This is an investment in our core business. After more than 40 years, we will be able to say that we are bakers too.”
La Boulange bakery first opened in 1999 and now has 19 retail shops in San Francisco while also selling its products in grocery stores, hotels and restaurants. Starbucks also aims to extend the La Boulange franchise nationwide, aside from selling its products in its cafes. Once the deal is finalized, the owner of the first La Boulange shop, Pascal Rigo, will become the general manager and senior vice president of the brand.
This new acquisition will expand Starbucks’ reach beyond its coffee products as the French-themed bakery offers organic bread, flank-steak sandwiches and homemade granola. Food is evidently a crucial part of its core business, which makes up roughly 19% of its US sales, that it expects to boost with this deal.
Starbucks said in a statement, “This acquisition and Pascal’s visionary leadership will bring the artistry of the French bakery to the marketplace in a similar way that Starbucks brought the romance of the Italian espresso bar to many North American coffee consumers for the first time.”
Shaw Capital Management Financial News remarks that this deal could help Starbucks in differentiating its food offerings from its fast-food rivals. It should be a response for more wholesome food options that customers demand.
Starbucks intends to promote the products under the original La Boulange brand, hinting that it might sell them in supermarkets and grocery stores, too. However, increasing the number of customers who order food in Starbucks’ in-house stores should be the top priority.
In 1998, Starbucks has purchased Seattle Coffee Co for USD 81 million in stock and subsequently launched the Via instant coffee line in 2008. And just last year, it acquired Evolution Fresh, a pasteurized-juice business, for USD 30 million. Earlier this year, Starbucks announced that it would be introducing a green-coffee extract energy drink named Refreshers along with its existing Ethos and Tazo beverage brands. On its food products, it will try to attract afternoon customers by introducing noodle boxes, wraps and desserts in its cafes.
To date, Starbucks already has 17,400 stores across the globe, with 10,800 of them located in the US.
After all the talk regarding the poor WiFi and GPS in the Transformer Prime tablet of Asus, the company seems to have caught on and decided to appease customers by giving a free GPS dongle.
However, this golden PR opportunity quickly shifted into bad rap when it turned out that many owners are not eligible to claim the freebie due to some terms on the small print.
Asus announced a free GPS extension kit for Transformer Prime owners who are not satisfied with the built-in GPS functionality of the tablet. But after receiving praise for its initiative, it was recently revealed that not all owners will actually be eligible to request the free GPS dongle. This is because promotions made outside Taiwan and US did not mention the GPS functionality at all.
TP300 users can register and request for the free dongle that fortunately comes in matching colors to the tablet. Shaw Capital Management Financial News has tested it and there’s a bad news: the thing is bulky and will effectively ruin the sleek look of the device. What’s more, it connects to the base of the tablet so it cannot be used together with the keyboard dock. But if an accurate GPS information is more important to you, then this add-on will be worth it.
Only users from Taiwan and US can receive the GPS dongle to make up for the tablets’ poor mapping performance. Asus even announced on its Facebook page in Italy that its advertisement of a “full GPS” was changed to “GPS Locator” when the issues were discovered. Asus defended that there were no misleading claims as they have advertised the Transformer Prime as having a localized positioning feature and not a full GPS.
According to a report from Shaw Capital Management Financial News, Asus is set to launch this 10.1″ Transformer tablet with Android Ice Cream Sandwich OS on April 22.
Upgrading the previous Transformer Prime, Asus’ new tablet, TP300, has 1.2Ghz quad core Tegra 3 Nvidia chip and GeForce graphics. It also runs Android 4.0 OS and has 1Gb of RAM, a 1280×800 display resolution, an 8MP camera and 32Gb of built-in storage. The Asus tablet comes with an optional mobile dock along with a keyboard that claims 10 hours of battery life, 5 hours more if it’s docked. Models vary from 3G to 4G LTE and has a microSD card reader as well as a micro-D HDMI port.
Asus is set to launch a more high-end version of the tablet soon, the Transformer Pad Infinity. It sports a metallic finish and has 1.5GHz dual core MSM 8960 Snapdragon S4 Krait CPU from Qualcomm, 1920×1200 HD display and supports 4G LTE/WiFi/3G. Users can choose from 64GB, 32GB and 16GB versions of the tablet.
The TP300 will hit the stores this week together with an array of Android devices like LG Viper, Spring Galaxy Nexus, LG Optimus Elite and Galaxy Tab 27. And considering that this sells for only USD 400, just slightly higher from the USD 359 original Transformer, TP300 is surely going to be worth it.
Still not sure if you’re eligible for the GPS dongle? The best way is to get in touch with the nearest service center and check if ASUS has the free accessory service in your area.