TEXT-S&P: Scotsman Industries rating off from watch, rating withdrawn

Overview
— Scotsman Industries Inc. has been acquired by broadly diversified food
equipment manufacturer ALI Group.
— We are removing our ratings on Scotsman, including our ‘B+’…

TEXT-Fitch affirms Coca-Cola Femsa ratings after acquisition announcement

Dec 14 – Fitch Ratings has affirmed the following ratings for Coca-Cola
Femsa S.A.B. de C.V. (KOF):

–Foreign Currency Issuer Default Rating (IDR) at ‘A’;
–Local Currency IDR at ‘A’;
–National…

The UN’s telecom conference is finally over. Who won? Nobody knows.

After two weeks of negotiations, the delegates at the World Conference on International Telecommunications (WCIT-12, or “wicket twelve”) in Dubai produced a 30-page document that 89 countries have signed—except the United States and many allies. So the good guys won, right? It depends who you ask.

“The good guys did not win—the terms are defined in such a way as to allow a significant amount of mischief in the Internet space,” Vint Cerf, the co-author of the TCP/IP protocol, and a founding father of the Internet itself, told Ars.

Of course, not everyone sees it that way.

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Dropbox Updates iOS App With New Photos Experience and a “Shiny New Design” [iOS Blog]

Dropbox has updated its iOS app with a new photo browsing experience, a “shiny new design”, and a streamlined way to upload files directly to a particular folder.

Dropbox2
The new photos experience is the biggest change, however:

Now all of your photos are right at your fingertips with the brand new Photos tab. With just a tap, you’ll be able to scroll through a timeline of all the photos you’ve automatically uploaded (including the pocket-dialed ones too). And since Dropbox is a one stop shop for all your memories, you can also check out the photos you’ve uploaded from everywhere else!

Also, when you select a photo, you’ll be able to view it in full-screen glory with nary a button in sight. This means you can get maximum real estate when you’re flipping through puppy photos, or those pics of your bare feet. And to make things even better, our new speedy scroller will help you navigate all the way back to time immemorial (or your earliest photos) in seconds. Even if you have “Billions and Billions” of them.

Dropbox for iOS is a free download from the App Store. [Direct Link]

Global telecom treaty without Net controls signed by 89 nations

DUBAI (Reuters) – An international telecommunications treaty signed by 89 countries out of a possible 144 on Friday will have little impact on how carriers operate or how consumers surf the web or make calls around the world when it comes into effect in 2015.

Photo Sharing App Snapchat Adds Video, iPhone 5 Support [iOS Blog]

Snapchat today released an update adding video taking capabilities to its popular real-time picture taking app.

With Snapchat, users can take temporary photos and share them with friends. The photos expire after a set amount of time, up to 10 seconds, and are auto-deleted. Taking a screenshot alerts the picture sender, keeping photos private.

With the new 4.0.0 version of the app, video has been included. Up to 10 seconds of video can be recorded, with the same general rules. A video can only be watched once, and then it will be deleted.

Along with video, the update adds iPhone 5 support, speed improvements, and additional privacy settings.

-Updated for iPhone 5
-Press and Hold Camera Button for VIDEO!
-Tilt iDevice for Landscape Captions
-Fullscreen Preview
-New Settings: Control Who Can Send You Snaps
-Improved Group Send
-Integration with Address Book
-Fixed Focal Length on Camera Preview
-Faster Capture and Send
-Additional Bug Fixes & Improvements

Snapchat has become a hit in the year since its release, with more than 50 million photos shared every day. In comparison, Instagram users share five million photos a day.

Just last week, Snapchat closed a round of funding, raising more than $8 million, according to TechCrunch, setting its valuation at approximately $50 million.

Snapchat is a free download on the App Store for the iPhone. [Direct Link]

Government seeks to shut down NSA wiretapping lawsuit

SAN FRANCISCO, California—Warrantless wiretapping by the National Security Agency began as a Bush-era program in October 2001; in 2008, the government essentially allowed the practice in the FISA Amendments Act. The same year, the Electronic Frontier Foundation filed lawsuits challenging the surveillance.

At a hearing today in San Francisco federal court, the debate over whether NSA can continue its practices heated up again. Under questioning from US District Judge Jeffrey White, EFF and government lawyers sparred about how the case should move forward, or if it can at all. The Department of Justice argues the case can’t move forward—at all—without violating the “state secrets privilege.”

“There is nothing non-privileged about any of this case,” said DOJ lawyer Tony Coppolino. The Jewel v. NSA lawsuit filed by EFF is an example of a case where “secret and non-secret information cannot be separated,” he added. “The information is inextricably intertwined, and the risk of exposure occurs at every outset. All of the NSA’s methods for collecting foreign intelligence info to protect this country are privileged.”

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