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Hackers stole credit card data from Buckle stores' cash registers

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If you shopped at Buckle in the past several months, you might want to check your financial statements -- the clothing store has confirmed a Krebs on Security report of a data breach. Intruders planted malware on the chain's cash register systems to...
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A Wall Street bank just issued the most dire prediction yet about US shopping malls

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Shopping Mall

About a quarter of US malls will likely close within the next five years, according to a new prediction from Credit Suisse. 

In a research note published Tuesday, the bank estimated that between 20% and 25% of the nation's 1,100 shopping malls — or roughly 220 to 275 shopping centers — will shut down by 2022.

Credit Suisse cited mass store closures, the rise of ecommerce, and the growing popularity of off-price chains — which tend to be located outside of shopping malls — as reasons for the potential mall closures.

About 3,600 store closures have been announced so far this year.

Credit Suisse estimates that about 8,640 store closures will ultimately close by December.

The firm also estimates that ecommerce will grow from 17% of apparel sales today to 37% of apparel sales by 2030. 

Store closures

SEE ALSO: Dying shopping malls are wreaking havoc on suburban America

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NOW WATCH: 7 colors that might get you sued

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zipcube
8 days ago
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Dallas, Texas
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This tool lets you see what the solar eclipse will look like from your location

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There’s been a lot of hype around the solar eclipse on August 21st. Thousands are traveling to the locations, like Tennessee or Wyoming, to see the Sun go completely dark for the first time since 1918. For those of us staying put, there’s the Eclipse Megamovie Simulator, which will let you see how the eclipse will appear in your area.

Enter your zip code and see an animation of what you can expect, as well as the best time to take a loop. It’s part of the larger Eclipse Megamovie Project, which will collect thousands of photos of the natural phenomenon from volunteers.

If the simulator isn’t enough, there is also the Solar Eclipse Timer, an app that talks you through the location of the eclipse as it happens so you know exactly where the Sun is during the event. With the simulator and the app, you have a pretty good shot of making the most of wherever you are when the eclipse happens. This is much better than paying for a cheesy cruise that lets you view an eclipse you can see from land.

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Supreme Court will weigh in on troll-killing patent-review process

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Enlarge (credit: Photo by Win McNamee/Getty Images)

The US Supreme Court will soon weigh the constitutionality of "inter partes reviews," a procedure that has been hailed by many in the tech sector as one of the most effective ways of weeding out bad patents.

The Supreme Court has often overturned Federal Circuit rulings in recent years, and that pattern has generally led to rulings that are praised by opponents of so-called "patent trolls," a colloquial term for non-practicing entities—the licensing shops that file the majority of patent lawsuits. But if the Supreme Court continues that pattern in one of its next cases, it could actually result in the wholesale elimination of one of the most powerful tools for fighting patent trolls.

On Monday, the high court granted a petition to hear Oil States Energy Services v. Greene's Energy Group, which directly challenges the legality of inter partes reviews, often abbreviated as IPRs. Boiled down, an IPR petition is a request for the US Patent and Trademark Office to reconsider whether it should have granted a certain patent in the first place. If the USPTO takes up an IPR petition, the result is a kind of "litigation-light," with briefing by lawyers and a short trial-like procedure at the USPTO. The IPR process was created by the 2011 America Invents Act, and the reviews got underway in 2012.

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Sessions wrote to Congress asking permission to go after medical marijuana

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Enlarge / U.S. Attorney General Jeff Sessions. (credit: Getty | Win McNamee)

In a letter dated May 1 of this year, Attorney General Jeff Sessions personally wrote to Congressional leaders urging them to ditch a provision in spending legislation that bars the Department of Justice from cracking down on state-legal medical marijuana.

The letter was revealed Monday by Massroots.com and subsequently verified by The Washington Post.

That provision in appropriations legislation, sometimes referred to as the Rohrabacher-Farr amendment, prohibits the Department of Justice from using any of its funds to prevent states from “implementing their own laws that authorize the use, distribution, possession, or cultivation of medical marijuana.” As Ars has reported before, this provision was present in the appropriations bill covering fiscal year 2017 and has been around for years.

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zipcube
10 days ago
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Dallas, Texas
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Uber CEO Travis Kalanick says he’ll take a leave of absence

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Enlarge / Uber CEO Travis Kalanick at the World Economic Forum in Tianjin, China last year. (credit: Qilai Shen/Bloomberg via Getty Images)

Uber's embattled CEO, Travis Kalanick, told employees today that he will take an indefinite leave of absence.

The company's board of directors held a seven-hour meeting on Sunday to discuss the details of an internal investigation led by former Attorney General Eric Holder, now in private practice at Covington & Burling. In addition to the intense scrutiny on Uber's corporate culture, Kalanick has undergone personal tragedy recently. Last month, his mother was killed and his father was seriously injured following a boating accident.

"Recent events have brought home for me that people are more important than work and that I need to take some time off of the day-to-day to grieve my mother, whom I buried on Friday, to reflect, to work on myself, and to focus on building out a world-class leadership team,” Kalanick wrote in a company-wide e-mail sent out earlier today, which was also published on Re/code and Techcrunch.

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