The Ticker

Internet experts pull out of security conference

At least eight researchers or policy experts have withdrawn from an Internet security conference after the sponsor, Bedford-based RSA Security, reportedly used flawed encryption technology deliberately in commercial software to allow the National Security Agency to spy more easily on computer users.

RSA Security, owned by data storage giant EMC Corp., has disputed claims it intentionally introduced the flawed encryption algorithm, but otherwise has declined to discuss what a published report last month described as a $10 million government contract.

Akamai will stream Winter Games

Cambridge-based Akamai Technologies has been selected to stream the Winter Olympics by NBC, the companies announced yesterday.

All 98 events in the 2014 Olympic Winter Games in Sochi, Russia, next month will be streamed online and on mobile devices for the first time.

Macy's chopping 2,500 jobs

Macy's Inc. is cutting 2,500 jobs as part of a reorganization to sustain its profitability.

Shares rose 5.5 percent in after-hours trading yesterday.

The announcement comes on the heels of a strong holiday shopping season for the department store chain, which also runs the higher-end Bloomingdale's chain.

Macy's said the moves will save it $100 million per year and predicted a profit this year above Wall Street forecasts.

TODAY

 Labor Department releases weekly jobless claims.

 Freddie Mac, the mortgage company, releases weekly mortgage rates.

 Selected chain retailers release December sales comparisons.

TOMORROW

 Labor Department releases employment data for December.

  Commerce Department releases wholesale trade inventories for November.

THE SHUFFLE

H. J. Knight International Insurance Agency has named Chris Petrie, left, of Milton to the position of account executive. Petrie will specialize in commercial property and casualty insurance.

 451 Marketing announced that Melissa Sciorra has joined its search marketing team as SEO account manager. Sciorra will focus on strategy development and execution of SEO accounts for 451 Marketing's growing list of consumer clients.

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