Barrick Gold Corp., the world’s largest gold miner, is selling a research and development company it owns and is cutting staff hired to lead what executives had called a digital reinvention, championed by Executive Chairman John Thornton, according to people familiar with the matter. The move comes shortly after the company agreed to buy Randgold Resources Ltd. for $6 billion in an all-share merger—a move that would solidify Barrick as the world’s largest gold producer by output.... … [Read more...] about Barrick Gold Retreats From Digital Reinvention
SAN FRANCISCO - Steve Jobs saw the future and led the world to it. He moved technology from garages to pockets, took entertainment from discs to bytes and turned gadgets into extensions of the people who use them. Jobs, who founded and ran Apple, told us what we needed before we wanted it. "To some people, this is like Elvis Presley or John Lennon. It's a change in our times. It's the end of an era," said Scott Robbins, 34, a barber and an Apple fan. "It's like the end of the innovators." Apple co-founder Steve Jobs dead at 56 What's next for Apple after Steve Jobs' death? Commentary: Steve Jobs thought different Apple announced his death without giving a specific cause. He died peacefully on Wednesday, according to a statement from family members who were present. He was 56. "Steve's brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives," Apple's board said in a statement. "The world is immeasurably better because of Steve." … [Read more...] about CBS News Logo Steve Jobs saw digital future, world followed
It's hard to imagine making thermostats sexy, but if anyone could do it, it would be the "father of the iPod." In 2008, amid renewed concerns about Steve Jobs' health, Fortune ranked the probable candidates to someday replace the famed Apple CEO. The first choice? Then COO and eventual successor Tim Cook. The second? ITony Fadell, chief of the iPod division and the man credited with the ideas that resulted in the creation of the iPod and its marriage with the iTunes Music Store. Around that time, Fadell left Apple, his next move unknown, and since then, he's been in stealth mode. But today, he re-emerged, announcing Nest, a 100-person startup that's applying the design and user-experience DNA of Apple and many other top Silicon Valley firms to a humdrum home appliance that just happens to govern the largest share of American households' energy spending: the thermostat. With its Learning Thermostat, Nest is going all in and telling the world that a ubiquitous but hard-to-master … [Read more...] about CBS News Logo iPod creator reinvents the thermostat
Whether it's the Bible, Quran or Torah, for centuries religions have worked to get the word out. Now, congregations are embracing the digital world to build their communities, CBS News' Elaine Quijano reports. When Sean Coughlin was growing up, his Christian faith was always a big part of his life. "I played baseball and went to church, that's really all I did," Coughlin said. But after he moved to New York as an adult, he was frustrated with the challenges of finding a congregation on his own. "There are dozens of sites to help you find a doctor or a restaurant or a vacation but no good site that helps you find a place of worship," Coughlin said. So he quit his corporate job and started FaithStreet.com, a directory for religious institutions across the country. Churches create online profiles, and wandering souls can see service times and filter by distance, denomination and vibe. Coughlin hopes they are then inspired to show up. "A strong bias toward helping those people engage … [Read more...] about Site helps churches connect digitally with worshippers
Since it was invented in the 19th century, the basic concept of the bicycle has stayed the same. That may be changing. Some believe the "Copenhagen Wheel" can be the future of urban transportation. At his Cambridge, Mass., workshop, Assaf Biderman is reinventing the wheel. "You start pedaling. The wheel understands how you pedal and then it helps you," he explained. "It just pushes you, multiplying your power up to 10 times." It works like this: replace a regular bike wheel with a Copenhagen Wheel. The bike now works like an electric-hybrid car. A tiny computer tells the motor when to kick in. Plug the wheel into the wall to recharge it -- or just ride. "If you're going downhill, it actually brakes you automatically and stores your energy in the battery," Biderman said. "If you're going uphill, it gives you an extra push." The wheel can go as far as 30 miles at speeds of up to 20 miles per hour. Biderman wouldn't show CBS News the inner workings, fearful of copycats. A smartphone app … [Read more...] about Could “Copenhagen Wheel” reinvent the urban commute?