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New Recommendations Seek to Improve Safety and Reduce General Aviation Certification Costs

2013-07-26 06:00:00| Industrial Newsroom - All News for Today

Aviation Rulemaking Committee (ARC), convened by FAA, recommended policy and regulatory changes for improving safety of general aviation aircraft and reducing certification/modification costs. Recommendations covered areas of design, production, maintenance, and safety. Among recommendations was that compliance with Part 23 requirements be performance-based and that industry consensus standards be used to define amendable compliance framework to keep up with evolving technology. This story is related to the following:Trade Associations

Tags: general improve costs safety

 

Cyber crime costs U.S economy $100 billion and 500,000 jobs

2013-07-24 16:17:51| InfoWorld: Top News

Attacks on businesses and consumers are a blight on the economy, with criminals foreign and domestic using the Internet to steal identities, intellectual property, trade secrets and just about anything else they can get their hands on. A new economic model developed at a prominent D.C. think tank puts the cost to the U.S. economy as high as $100 billion annually, with a corresponding loss of as many as half a million jobs.

Tags: jobs costs crime economy

 
 

AT&T operating profit down on smartphone costs

2013-07-24 08:39:00| Telecompaper Headlines

(Telecompaper) AT&T reported second-quarter sales up 1.6 percent from a year earlier to USD 32.1 billion. Growth in mobile and consumer wireline services was offset by the sale of its Advertising Solutions business unit. Operating profit fell to USD 6.1 billion from USD 6.8 billion, and net profit dropped to USD 3.8 billion or 71 cents a share, from USD 3.9 billion or 66 cents a share a year ago. Capex reached USD 5.5 billion in the quarter, leaving operating cash flow of USD 4.0 billion. Mobile service revenue was up 4.1 percent to USD 15.4 billion, while operating profit fell 7.7 percent to USD 4.7 billion on a double-digit increase in operating costs. AT&T blamed this on higher smartphone sales, which reached 6.8 million units sold in the quarter and are now used by 73 percent of its postpaid customer base. In total, AT&T added a net 632,000 new customers in the quarter, including postpaid adds of 551,000 (of which 398,000 tablets), 484,000 connected devices and 11,000 new prepaid lines. Reseller customers fell by 484,000 in the quarter. The increasing number of tablets led to a slowdown in ARPU, which rose just 1.8 percent. At the wireline activities, revenues fell 0.9 percent year-on-year to USD 14.8 billion, and operating profit dropped 15.8 percent to USD 1.6 billion. Consumer revenues were still up 2.4 percent to USD 5.8 billion, led by growth in the U-verse services.

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AT&T revenue up, profit down as costs rise in 2Q

2013-07-24 00:47:26| Telecom - Topix.net

The surge in tablet usage helped boost AT&T's wireless revenue for the latest quarter, but profits declined as costs surged, the company said Tuesday.

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Cyber Crime Costs U.S. Up to $140B Annually (Not $1 Trillion)

2013-07-24 00:33:42| PC Magazine Security Product Guide

Cybercrime costs the U.S. economy an estimated $70 billion to $140 billion annually, and skewers more than 500,000 jobs.

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