HTC 8XT with Windows Phone and BoomSound launching on Sprint this summer

HTC's bone-shaking BoomSound front facing speakers are making their way to Windows Phone later this year. The 8XT, which appears to be a slightly tweaked variant of last year's 8S, will launch on Sprint's 4G LTE network for $99.99 with a two-year contract -- after a $50 rebate card. Powered by a 1.4 GHz dual-core Snapdragon 400 processor paired up with 1GB of RAM, we want to say the 8XT has the same 4.3 inch 720p screen as its older cousin, but the spec sheet in our hands merely says "crisp". The front of the phone has a 1.6-megapixel camera, while the rear has an 8-megapixel shooter. You'll also have to make do with 8GB of memory for your music, but microSD expansion means you can easily make room for more.

Update: We can now confirm the 8XT has a 800 x 480 pixel resolution screen.

Gallery: HTC 8XT press images

Filed under: Cellphones, HTC

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Source: Sprint, HTC

Source: http://www.engadget.com/2013/06/26/htc-8xt-sprint/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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Start spamming your friends today for an early shot at Jay-Z's new album

Samsung is teaming up with rapper Jay-Z to bring 1 million copies of his upcoming album "Magna Carta Holy Grail" a few days before it goes on sale, and the Android app that'll do it for you is now available for download.

You'll need to have the Samsung Galaxy S3, Galaxy S4 or Galaxy Note 2 to participate. And then you'll need to log in using either Facebook or Twitter. And then you'll have to spam share content from the app with your friends. At 12:00:01 a.m. July 4, 1 million lucky fans will get the record that might or might not leak early anyway, a full three days before the official July 7 release.

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Source: http://feedproxy.google.com/~r/androidcentral/~3/YyYKOds1NZ8/story01.htm

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Qualcomm finishes $120 million investment in Sharp, becomes third-largest investor

Chipmaker Qualcomm has finalized its investment in beleaguered display manufacturer Sharp. Announced back in December 2012 and totaling $120 million, the second portion of the investment was delayed earlier this year when Sharp failed to satisfy conditions for the investment. Sharp's now confirmed the transaction, which gives Qualcomm a 3.53 percent share of the display maker, and will presumably increase its involvement on new screen tech being developed between the two companies. The combination of Qualcomm's MEMs display products and Sharp's high-resolution IGZO screens will apparently make its way into a number of devices in varying sizes. Qualcomm isn't the only company with a vested interest in Sharp's recovery, either -- Samsung also holds a 3 percent stake.

Filed under: Displays

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Source: Sharp (PDF)

Source: http://www.engadget.com/2013/06/24/qualcomm-120-million-investment-in-sharp-complete/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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Allies of Iran's outgoing president defeated

TEHRAN, Iran (AP) ? Allies of outgoing Iranian President Mahmoud Ahmadinejad have suffered a resounding defeat in local council elections, a clear rejection at the end of his term.

Not a single Ahmadinejad ally won a seat in Tehran. Parvin Ahmadinejad, the president's sister, was among the losers.

Final results were announced on Iranian state TV late Monday.

The 31 seats for the Tehran city council were won by a mix of conservatives and reformists. Local elections were held together with presidential elections on Friday. Relative moderate Hasan Rowhani was elected president without a need for a runoff.

The outcome was widely seen as a sign of public discontent with Ahmadinejad's combative positions, which have fueled fights with the West and punishing economic sanctions from the U.N over Iran's disputed nuclear development program.

Source: http://news.yahoo.com/allies-irans-outgoing-president-defeated-190541945.html

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Next moves for Obama in Syria (CNN)

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The Pentagon as a Jobs Program, Part 3

A couple of months ago,?I cited the example of upgraded Abrams tanks?being shoved down the Pentagon?s throat by certain members of Congress because tank production = jobs back in the district. I followed that up with some?historical background on congressional Pentagon pork-barreling?that is discussed in former Reagan budget director David Stockman?s?new book. Yesterday, a?Wall Street Journal article?on congressional resistance to reprioritizing military spending provided a new example:

The battle over the Global Hawk is emblematic of the difficulty the Pentagon faces in trying to reduce its inventory while shifting its focus from the ground war in Afghanistan to emerging threats elsewhere.

The Defense Department has sought to ground the fleet of 18 Global Hawk Block 30 drones, which has been used to conduct surveillance from Afghanistan to Libya. The Air Force says its piloted U-2 planes have better surveillance equipment for the job?and that ending the Global Hawk program can save $2.5 billion over the next four years.

Lawmakers have not only rejected the Pentagon plans, but set aside $443 million to compel the Air Force to buy three more Global Hawks. On Tuesday, the Air Force said it is moving ahead with buying the drones even though it doesn?t want them.

Northrop can rely on bipartisan support. The planes are built in the district represented by Rep. Howard ?Buck? McKeon (R., Calif.), who heads the Armed Services Committee, which will consider a plan to keep Global Hawk running through 2016.

McKeon ??who has issues with numbers when it comes to military spending?? recently made news when it was?discovered by?Politico?that a lobbying firm run by his brother and nephews is taking on military-related companies as clients. In a statement to?Politico, McKeon said that ?We are knowledgeable about the [ethics] rules involved and will be devout in our adherence to both the letter and the spirit of those rules.? Well, that?s good to hear. It?s worth noting, however, that when it comes to congressional ethics rules,?the fox is guarding the henhouse.

Source: http://blog.tenthamendmentcenter.com/2013/06/the-pentagon-as-a-jobs-program-part-3/

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Stock futures drop after Bank of Japan disappoints, stoking stimulus jitters

By Leah Schnurr

NEW YORK (Reuters) - Stock futures fell on Tuesday after Japan did not offer new measures to calm its bond market, disappointing U.S. investors who are also trying to gauge the future direction of central bank policy at home.

The Bank of Japan kept monetary policy steady at the end of its two-day meeting, holding off on taking fresh steps to calm bond market volatility.

Japan in April announced a $1.4 trillion stimulus program, adding to central banks' efforts around the world to boost economic conditions.

The lack of further action rattled investors, underscoring worries about what will happen when the stimulus programs eventually go away. At the same time, nervousness remains over when the U.S. Federal Reserve may slow its measures, which have been a significant driver of this year's stock market rally.

"This market has been fed by extremely supportive government policies around the world," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.

"You're getting to that period where investors have to recognize that these policies are beginning to wrap up."

S&P 500 futures fell 14.4 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures dropped 115 points, and Nasdaq 100 futures lost 25.5 points.

The news also sent U.S. Treasury yields higher with the 30-year yield rising to a fresh 14-month high, according to Reuters data. The long bond last traded 31/32 in price with a yield of 3.427 percent.

Shares of Lululemon Athletica slumped 14 percent in premarket trading after the company's chief executive said she will step down. The stock was down at $70.80.

SoftBank Corp said it agreed with Sprint Nextel Corp to raise its offer for the U.S. wireless carrier to $21.6 billion from $20.1 billion. Sprint was up 4 percent at $7.47.

Dole Food jumped 22.6 percent to $12.50 after the company received an unsolicited buyout offer from its chief executive.

Catamaran Corp climbed after it signed a 10-year agreement with Cigna Corp . Catamaran rose 14.1 percent at $55.50.

Boeing raised its 20-year forecast for airplane demand, saying airlines will need 35,280 new jets worth $4.8 trillion as the world's fleet doubles.

Investors will also be watching a hearing by a German court on the legality of the European Central Bank's bond-buying program.

On the economic calendar, wholesale inventories data for April will be released at 10 a.m. (1400 GMT). Analysts expect inventories rose 0.2 percent in April.

(Editing by Kenneth Barry)

Source: http://news.yahoo.com/stock-futures-drop-bank-japan-disappoints-113007315.html

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