Money Minute: FBI: More Cyberattacks Coming; Microsoft Beats the Street

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The FBI issues a warning that should get the attention of all consumers.

The FBI is warning retailers to prepare for more cyberattacks. Reuters reports the FBI is concerned about malware that infect point-of-sale systems -- including cash registers and credit-card swipe machines. Of course, this follows the massive hack attacks late last year at Target (TGT) and Neiman Marcus that affected more than 100 million consumers. The FBI has already uncovered about 20 hacking cases over the past year, and it says the malware is readily available on underground forums.

Investors took a beating Thursday, but right after the closing bell, Microsoft (MSFT) reported earnings that beat expectations. The company's primary software products sold well, and its new Xbox game system did surprisingly well. Even sales of the Surface tablet were stronger than expected. But Microsoft didn't provide any update about its search for a new CEO.

While Microsoft shares are likely to gain on the surprisingly good earnings news,
that may not be good enough to rescue the overall market, appears headed for another rough day.

The Dow Jones industrial average (^DJI) tumbled 176 points Thursday, the Standard & Poor's 500 index (^GPSC) lost 16 and the Nasdaq composite (^IXIC) fell 24 points.

We're all familiar with the "triple play" offers for subscribers who bundle their Internet, cable and phone service from one provider. Now Comcast (CMCSA) is reportedly interested in added a fourth item to its package -- electricity. Utility regulators in Pennsylvania say the company is in discussions about using a third party supplier to offer electricity later this year. According the Philadelphia Inquirer, that utility is NRG Energy (NRG).

News reports say Apple (AAPL) is working on a pair of new iPhones with bigger screens. They're likely to be available in the second half of this year. Even entry-level smartphones now offer many times the computing power of the original Apple Mac desktop, which first went on sale 30 years ago today.

-Produced by Drew Trachtenberg.


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