Hackers Hit Adobe Hard, Plus 6 More Things You'll Want to Know Today

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Adobe Systems Inc. Headquarters Campus
Bloomberg via Getty Images
Here's a quick rundown from the world of business and economics this morning: the things you need to know, and some you'll just want to know.

Software maker Adobe revealed today that had been hacked back in August, and that the cyber criminals made off with a huge chunk of data about 2.9 million of its users, including encrypted credit card data, as well as source code for the company's products. Adobe, best known for its Photoshop and Acrobat applications, didn't notice the breach until an outside security expert spotted some of their data on a server that had been used by hackers.

• House Speaker John Boehner has reportedly told Republicans that he will not let the U.S. default, and he's allegedly willing to ignore the so-called "Hastert rule" to increase the debt ceiling if he has to. Boehner's now hoping to swing a combined deal that passes a budget bill and raises the debt limit.

• Could one man -- besides John Boehner -- resolve our debt limit problem? Maybe: For a brief time, an East Texas man was the world's richest person, with a bank balance of more than $4 trillion. Naturally, this bank error in his favor was rapidly remedied.

• Speaking of the debt ceiling -- and a lot of people are speaking about the debt ceiling -- you'll hear over and over from politicians and pundits that "The United States has never defaulted on its debts." Not true. This is not our first trip down Default Lane.

• Ford (F) sold just 2,049 fewer vehicles in the U.S. than General Motors (GM) in September, putting it within a hair of beating the market leader. It's only outsold GM four times in the past two decades, but it may just pull it off again in October.

• In today's economy, a lot of people are working more than one job to make ends meet. Jamie Dimon, the CEO and chairman of JPMorgan Chase (JPM), is moving in the other direction: He has given up the job of chairman of its main bank subsidiary, JPMorgan Chase Bank. Nothing to see here, just getting into compliance with a new internal policy on employees holding multiple roles.

• And finally, big law firms took a huge personnel hit in the years after the Great Recession hit, with layoffs running high and hiring essentially on hiatus. Some predicted it was the end of an era. But big law is back, and hiring at large law firms around the nation has revived.

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Tom Daigon

Adobe Customer Survey. If you are not happy with CC being the only choice, let them know. http://deploy.ztelligence.com/start/survey/survey_taking.jsp?PIN=16BNF7XXXKLNX …

October 04 2013 at 1:50 PM Report abuse rate up rate down Reply
lovethosehills

Idiots.....Ted Cruz DOES NOT GET THE MONEY (anymore than Bill Gates getting "all that money for computer software"). Idiots. You deserve what you get.

October 04 2013 at 1:20 PM Report abuse -1 rate up rate down Reply
1 reply to lovethosehills's comment
mac2jr

You are correct, the fund is set up in the name of a Republican Senator and they are using this person's political website.

October 04 2013 at 2:08 PM Report abuse rate up rate down Reply
hugh_geenormous

Can't wait until our medical records are subject to the same risks under obamacare.

October 04 2013 at 12:34 PM Report abuse +3 rate up rate down Reply
2 replies to hugh_geenormous's comment
mac2jr

The VA and others have been using secure on-line medical history websites for years without any problems, and frankly with good results in that medical records are now portable from Medical Facility to Medical Facility and thus, are helping diagnose problems and save lives.

October 04 2013 at 2:10 PM Report abuse rate up rate down Reply
1 reply to mac2jr's comment
hugh_geenormous

Yeah....and the rash of hacker stories lately likely all thought they were secure as well.

October 04 2013 at 3:42 PM Report abuse rate up rate down
Sue

And you and I both know it's gonna happen!!

October 04 2013 at 4:34 PM Report abuse rate up rate down Reply
theycallmeroy3

So, what is finance staff suggesting? That Treasury Secretary Lew, and US Vice President Joe Biden have a dual? Hamilton. didn't end up so well, did he? How about this?

Why don't we dig Hamilton up, give him a google, and ask him if he'd rather be alive.
Why doesn't the finance group call up Lew, and come on over to Treasury with some tonnes and say, " Remember this one?"
And finally, why doesn't the finance staff, wait around a bit, and explain to a a SS person waiting for their check, that its a computer glitz. I know this was more to illustrate a point, however we have some people on the hill that would use that blueprint to try it!

October 04 2013 at 11:45 AM Report abuse -2 rate up rate down Reply
mac2jr

Ted Cruz has 2,000,000 dedicated followers giving him their paychecks, these followers represent less than 0.6% of the 318,000,000 people in the United States of America. One has to believe that this 0.6% are genuine in their ideals and feelings, but one also has to believe that this 0.6% are being duped by Ted Cruz and his very rich corporate backers that fear that if people learn about their activities that he or she, the corporate backers, will be castrated for their dealings..

October 04 2013 at 11:41 AM Report abuse +1 rate up rate down Reply
1 reply to mac2jr's comment
hugh_geenormous

This is proof that it's you that think Americans are stupid.....you don't think people are even smart enough to back a candidate or politician of their choosing...only smart people like mac know how evil all the other evil backers are with their evil activities of evil evilness.

October 04 2013 at 1:34 PM Report abuse -3 rate up rate down Reply
2 replies to hugh_geenormous's comment
mac2jr

I did not say that Americans are stupid, you did, I said that those following the con job of Ted Cruz are being duped and need to do their homework as to whom and what they are supporting with their hard earned money.

October 04 2013 at 2:12 PM Report abuse +2 rate up rate down
hugh_geenormous

Yep....in your two posts about cruz you say that Americans are being duped, and they need a smart guy like you to hold their hand and tell them whom to support. Save it for badsomey....he can't think for himself anyway.

October 04 2013 at 3:45 PM Report abuse -1 rate up rate down
mac2jr

Ted Cruz is not on your side, he is on the side of Ted Cruz, and the BS he is perpetuating is to get his 2,000,000 followers to GIVE, GIVE, GIVE their HARD-EARNED money to HIM... that is his motive, his goal, his game, his con job...

And his followers, many to most that have no idea what is going on (Yes, I have interviewed many of them), are BLINDLY handing over their pay-checks.. They may eventually WAKE UP to the TRUTH, but one has to doubt it..

October 04 2013 at 11:33 AM Report abuse rate up rate down Reply
1 reply to mac2jr's comment
hugh_geenormous

Whatever....I love how he is giving you fits. Finally, someone that has th courage to question and slow.down this runaway federal government without regard of the politcs behind it. If he was worried about the rabid left wing attack machine or the praetorian media, he would be just another status quo Republican...I'm laughing at you right now mac.

October 04 2013 at 12:27 PM Report abuse -2 rate up rate down Reply
3 replies to hugh_geenormous's comment
mac2jr

John Boehner asked for a $70 billion reduction in the spending, he got it as the Democrats agreed to this, but under the condition that the CR would be a Clean CR.. John Boehner then has gone back on his word, and is holding the U.S.A. hostage in a very dangerous president setting game.

John Boehner's game is to embarrass or discredit the Obama Administration in any way possible; all the BS about 'helping' and 'fairness' is just that, BS..

The Republican Party has been beaten soundly in several elections, and this attempt to discredit EVERYTHING by the Obama Administration is a PLAY for regaining power, IT IS NOT WORKING, Americans are too intelligent to fall for this BS..

October 04 2013 at 11:29 AM Report abuse +1 rate up rate down Reply
2 replies to mac2jr's comment
hugh_geenormous

Obama and the dems think Americans are stupid. I mean hell, according to them we aren't even able to choose our own light bulbs, shower heads, health insurance, or plan for retirement. He knows a whole lotta people don't even blink every time he circumvents the constitution. And people.like you, mac, know that you can't have the utopian statist dream while we are a constitutional republic.....they cannot coexist.

October 04 2013 at 12:33 PM Report abuse -1 rate up rate down Reply
2 replies to hugh_geenormous's comment
mac2jr

It was private industry responding to the Marketplace that took your inefficient light bulbs off the market. It is the reality of the facts that our resources are limited that brought about low flow shower heads, it is the reality that our ERs were providing nearly 30,000,000 visits to people that had no insurance and no means of paying, and it is reality that the U.S. Constitution is a 'Fluid' instrument. Wake up to Reality....

October 04 2013 at 2:17 PM Report abuse +3 rate up rate down
hugh_geenormous

There were higher standards put in place on lightbulbs....it was not a marketplace decision. Because you people don't think we're smart enough to pick our own. The DOE put restrictions on our showerheads because you people want to control everything, and think we are too stupid to pick our own. It's the CBO that says 30,000,000 will still be uninsured with obamacare, and that the cost is neay triple so far of what it was originally sold to us as being. And lost but not least, our constitution most certainly is not fluid. With the exception of the ammendment process which can be done either by both chambers of congress or by the states (2/3 call a convention and 3/4 to ratify), it is most is the final word. You radical unAmerican creeps can't stand it, as it prevents you from your despotic and authoritarain agenda.

October 04 2013 at 4:00 PM Report abuse -2 rate up rate down
AL CONFER

John Boehner does not have to embarrass Obama, he does a great job all by himself. Whats needed to be understood is this once great nation is BROKE. How come the cutbacks in government didn't include those on welfare? How much more generous can this nation be, when the people are taxed to death and then you speak about how greedy these companys are, but the reality is the greed is with those that stay on welfare for life and have no intention of working as why work when you can shaft the workers that have to support their own familys, and yours as well. How fair is that and why is it allowed to continue? America is BROKE and soon to become like Europe, broke and nobody that works and no more taxes being paid as the workers have given up.

October 04 2013 at 4:04 PM Report abuse -1 rate up rate down Reply
mac2jr

Catch a hacker that has stolen even one ID, then it should be an automatic 100-year jail sentence. NO parole..

This BS has to end...

October 04 2013 at 11:22 AM Report abuse -1 rate up rate down Reply
1 reply to mac2jr's comment
mac2jr

-2 or more, so you want to have your medical records, bank accounts, U.S. government, and your personal computer hacked?

October 04 2013 at 2:19 PM Report abuse rate up rate down Reply
1 reply to mac2jr's comment
hugh_geenormous

No. I don't want my medical records online, and I don't waste my time rating posts.

October 04 2013 at 4:02 PM Report abuse -1 rate up rate down
Iselin007

Over 90 million not in the workforce is a bigger problem stop crying wolf.

October 04 2013 at 11:05 AM Report abuse +1 rate up rate down Reply
Iselin007

Government shutdown causes furlough of 800,000 workers isn't as bad as NAFTA and the other trade deals costing several million job losses of older Americans!

October 04 2013 at 11:02 AM Report abuse +2 rate up rate down Reply