Christopher Drew

Drones Take Off in Silicon Valley

bits.blogs.nytimes.com — American skies aren't supposed to open for another couple of years to drones flown by commercial operators, but they're already getting liftoff with Silicon Valley investors. On Wednesday, a drone start-up called Airware plans to announce that it has raised $10.7 million in a round of financing led by the venture capital firm Andreessen Horowitz.

Dimon Might Leave JPMorgan if Stripped of Chairmanship

nytimes.com — (Reuters) - JPMorgan Chase & Co Chairman and CEO Jamie Dimon said he may consider leaving the bank where he has held the top post since 2005, if shareholders vote to split his duties, the Wall Street Journal reported on Saturday.

How Cooper Union’s Endowment Failed in Its Mission

nytimes.com — Since Peter Cooper's heirs gave the Cooper Union for the Advancement of Science and Art the land under the Chrysler Building in 1902, the school's endowment has enabled it to offer students a high-quality, tuition-free education through two world wars, the Great Depression and multiple stock market crashes and financial crises.

Eight Charged in $45 Million Global Cyber Bank Thefts

nytimes.com — It was a huge bank heist - but a 21st-century version in which the robbers never wore ski masks, threatened a teller or set foot in a vault. Yet, in two precision operations that involved operatives in more than two dozen countries acting in close coordination and with surgical precision, the organization was able to steal $45 million from thousands of A.T.M.'s in a matter of hours.

Google Glass Picks Up Early Signal

nytimes.com — SAN FRANCISCO - Google 's wearable computer, the most anticipated piece of electronic wizardry since the iPad and iPhone, will not go on sale for many months. But the resistance is already under way. The glasseslike device, which allows users to access the Internet, take photos and film short snippets, has been pre-emptively banned by a Seattle bar.

U.S. Accuses China’s Military in Cyberattacks

nytimes.com — WASHINGTON - The Obama administration on Monday explicitly accused China 's military of mounting attacks on American government computer systems and defense contractors, saying one motive could be to map "military capabilities that could be exploited during a crisis."

Boeing Is Moving Ahead With Updated 777

nytimes.com — Boeing 's sales force is starting to pitch airlines and jet leasing companies on an updated, larger version of its 777 passenger jet, a crucial step toward winning approval from Boeing's board to build the plane, Boeing officials said on Wednesday.