THE NEWS WRAP: Apple iCloud users hacked, warned to change passwords

Apple has suggested users should change their Apple ID password after a number of Australian users reported finding their iCloud-connected devices locked with a message asking for money.

According to ZDNet, Apple said that iCloud had not been compromised.

“Impacted users should change their Apple ID password as soon as possible and avoid using the same username and password for multiple services,’’ the statement said.

Intel jumping on wearables

The chip maker has unveiled a new push into wearables and robotics.

Intel CEO Brian Krzanich appeared at the Code Conference in California wearing a ‘smart’ shirt featuring sensors that measure heart rate and other vital signs aimed at joggers and cyclists.

He also showed off Jimmy, a white robot designed to walk, talk and dance.

Krzanich says the company is focusing on these new trends because it felt they missed an opportunity with the rise of tablet computers.

Apple announces Beats Music Acquisition

The company will purchase Beats Music and Beats Electronics for approximately $2.6 billion and $400 million that will vest over time.

Beats co-founders Dr Dre and Jimmy Iovine will join Apple.

Overnight

The Dow Jones Industrial Average is down 42.32 to 16,633.18. The Australian dollar is trading at US92 cents.