Lockheed Martin, Boeing aerospace venture bilked U.S. for $90 million, lawsuit says

Whistleblower said United Launch Alliance defrauded the U.S. government of $90 million

A whistleblower has settled a lawsuit filed against a Centennial aerospace company formed by Lockheed Martin and The Boeing Company that claimed the company defrauded the U.S. government out of at least $90 million by grossly overcharging for employee work hours. read more »

N.J. man pleads guilty on charges of bribing a foreign official

A Tenafly man has pleaded guilty to violating a U.S. foreign corruption law in connection with his role in a scheme to bribe a Qatari official, according to the Department of Justice.

Joo Hyun "Dennis" Bahn, 39, worked as a real estate broker in Manhattan and is the nephew of the former former United Nations Secretary-General Ban Ki-moon. Ban Ki-moon was set to run for president in South Korea but announced in February 2017 that he would not be running.

In 2014 and 2015 Bahn attempted to secure the sale of a building in Vietnam owned by Keangnam Enterprises Co Ltd, a Korean construction company where his father was an executive, according to the Department of Justice. read more »

Microsoft pauses AMD updates for Spectre and Meltdown after consumer issues

Microsoft has suspended sending some Windows updates to address the Spectre and Meltdown vulnerabilities after some people whose computers use AMD processors reported that their devices did not boot after installing the new patches.

“Microsoft has reports of customers with some AMD devices getting into an unbootable state after installing recent Windows operating system security updates,” the company said in a statement Monday. Microsoft appears to pin the blame on the faulty updates with the manufacturer. “After investigating, Microsoft has determined that some AMD chipsets do not conform to the documentation previously provided to Microsoft to develop the Windows operating system mitigations to protect against the chipset vulnerabilities known as Spectre and Meltdown.” read more »

‘It Can’t Be True.’ Inside the Semiconductor Industry’s Meltdown

Technology titans work in secrecy for months to fix key flaws

Researchers uncover security holes too big to believe read more »

How Fake News and Elon Musk Sent South Africa's Currency Haywire

What happens when fevered foreign-exchange speculation meets fake news at the same time a satellite that shares the name of South Africa’s president goes missing?

You get the South African rand Tuesday, which suddenly spiked more than 1 percent amid the confusion before snapping back less than 10 minutes later. read more »