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
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
1 reply to hugh_geenormous's comment
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
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
Iselin007

Is this as bad as Visa workers using Consultant Agencies to hack into the US job market?Please come back when you have a more seious complaint or get in the back of the line like everyone else!

October 04 2013 at 10:59 AM Report abuse +2 rate up rate down Reply