reserve

Looking to minimize large lines and unhappy shoppers, Apple is testing out a new type of reservation system that lets people sign up in hopes of getting a crack at buying a new iPhone in its sole Hong Kong retail store.

Over the weekend, Apple began testing a new lottery-style system there that lets customers sign up for a chance to get a reservation, replacing the previous system that would open up briefly and let anyone who was online at the time nab a spot.

"If you don't receive an email, we were unable to reserve an iPhone … Read more

Authorities arrested a computer programmer today and charged him with stealing source code worth $9.5 million from the Federal Reserve Bank of New York.

Bo Zhang, 32, is accused of taking the software last summer while he was working as a contract employee assigned to the Federal Reserve Bank of New York.

Zhang allegedly admitted that in July 2011 he checked out and copied the code onto an external hard drive and on to his own computers, according to the complaint unsealed today. He said he used the code in connection with a computer programming training company he operated, … Read more

If you need to book a hotel, flight, or rental car, or you just need a little advice before going on a trip, you should definitely check out Kayak.

Think of Kayak as a digital travel agent that searches through hundreds of different travel sites to help you book your trip. It searches through popular sites like Travelocity, Expedia, and Orbitz, all at the same time, and gives you current rates and itineraries that can all be booked in just a few clicks. In addition, Kayak offers convenient travel tools like a packing list, currency converter, and airport information, all … Read more

The iPhone 4S is now available to retail-store customers "by reservation only," an indication that the hot-selling phone is likely in short supply. Apple has asked would-be buyers to use a reservation system to request a unit the night before before heading to the company's retail stores.

The new system, picked up by MacRumors earlier today, lets buyers pick out one of Apple's 18 iPhone 4S variants, then request that the company holds the unit so they can come in to complete the purchase. The system doesn't open up each day until 9 p.m. … Read more

The U.S. Energy Department finalized loan guarantees for two major solar projects today, as the deadline loomed for the government's renewable-energy incentive program.

The government wrapped up deals that would back $737 million in financing for a solar thermal plant sponsored by privately held SolarReserve and $337 million in financing for a Sempra Energy photovoltaic solar project.

With funding for the government's loan program set to expire at the end of the week, investors have been watching to see what deals will be completed before time runs out.

The loan program has faced intense scrutiny after the high-profile collapse of Solyndra, a solar-panel maker that was the first company to receive funding under the program.

Republican lawmakers investigating the Solyndra loan guarantee have raised concerns that the Obama administration may rush to complete loans to meet the program's deadline.

SolarReserve Chief Executive Kevin Smith, however, said the government had conducted an extensive review of its application. … Read more

The Anonymous hacker group says it plans to target the Federal Reserve starting tomorrow, most likely with a distributed denial-of-service (DDoS) attack designed to shut down the agency's Web site.

In a YouTube video, the group is calling for public protests until Federal Reserve Board Chairman Ben Bernanke steps down. The campaign, dubbed Operation Empire State Rebellion, is timed to coincide with Flag Day in the U.S., which is June 14 and commemorates the adoption of the national flag in 1777.

The group, which has made a name for itself organizing random anonymous Internet users and getting them … Read more

On today's show, it's the Summer of Hackers: Anonymous hits the Spanish police website and threatens the Federal Reserve (which, frankly, we find to be a target that's probably worthy of a little DDoS action). Plus, a nation-state may have hacked IMF, but they're not saying much, and the Bitcoin market crashes (buy low!). Plus, scientists create jellyfish that can shoot tiny, weak lasers ... a stepping stone to the scariest sharks ever.

I remember, last year, waiting on line one morning for an iPhone 4. I was on the Upper West Side in Manhattan, and I gave up after an hour and a half. The lines were too long and had formed hours before.

This was two months or so past the iPhone 4's launch, and it was still impossible to buy one of the phones at a store. Lines would form every morning, scoop up whatever little stock there was, and leave the Apple Store once again drained of its supply. The cause? Grey-market resellers.

Sound familiar?

We're less … Read more

Solar Reserve said today it has the federal permitting approvals it needs to begin construction of a concentrated solar power plant with enough storage to operate after the sun goes down.

The Santa Monica, Calif.-based company said the U.S. Department of the Interior approved the "record of decision" for a 110-megawatt solar thermal power plant in Nye County, near Tonopah, Nev. With the authorization, Solar Reserve expects it can start construction by mid-2011.

This Crescent Dunes project will use a field of sun-tracking mirrors, called heliostats, to reflect light onto a tower that holds molten salt. … Read more