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Business News
Wall Street tumbles, led by financials (Reuters)

The sun lights the exterior of the New York Stock Exchange, as people walk past on the shadowed street, July 16, 2008. (Chip East/Reuters)Reuters - Stocks tumbled more than 2 percent on Thursday after a report showing yet another drop in U.S. home sales prompted investors to take profits in financial shares, which had rallied over the past week.


Microsoft CEO backs Web spending, "done" with Yahoo (Reuters)

Microsoft Chief Executive Officer Steve Ballmer speaks during the launch ceremony of Microsoft's new research and development centre in Herzliya near Tel Aviv May 21, 2008. Ballmer on Thursday defended the company's need to make steep investments in its Internet business in order to compete with Google Inc and said such moves could boost its value in time. (Gil Cohen Magen/Reuters)Reuters - Chief Executive Steve Ballmer on Thursday defended Microsoft Corp's need to make heavy investments in its Internet businesses but said the company was "done," for now, with pursuing Yahoo Inc .


Wachovia CFO Wurtz to leave (Reuters)
Reuters - Wachovia Corp , which posted a record $8.86 billion second-quarter loss Tuesday, said Chief Financial Officer Thomas Wurtz will resign from the fourth-largest U.S. bank after a successor is named.
Home sales at 10-year low, jobless claims jump (Reuters)

A newly built home sits vacant with a 'for sale' sign in front, in the Courtland Ridge development in Alpine, Utah, March 26, 2008. (George Frey/Reuters)Reuters - Jobless claims jumped and the pace of existing home sales tumbled to a 10-year low as slowing growth hit hiring and a glut of unsold houses weighed on real estate, data released on Thursday showed.


Morgan Stanley aggressively recruiting brokers (Reuters)

People walk past the world headquarters for Morgan Stanley  and  Co. Incorporated in New York in this May 19, 2008 file photo. (Lucas Jackson/Reuters)Reuters - Morgan Stanley said on Thursday it is poaching brokers from Merrill Lynch and other rivals, accelerating the expansion of its global wealth management business during a period of turbulence on Wall Street.


Jobless claims jump as housing market gets weaker (AP)

Brochures sit in a rack outside an existing home for sale in Denver on Sunday, July 20, 2008. Sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades. (AP Photo/David Zalubowski)AP - Two cornerstones of the economy — jobs and housing — sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record.


Academic says gadgets threaten Internet's future - 08, May 2008

LONDON (Reuters) - The rise of gadgets like the iPhone, Blackberry and Xbox threatens to unravel the decades of innovation that helped to build the Internet, a leading academic has warned in a new book.



By Peter GriffithsLONDON (Reuters) - The rise of gadgets like the iPhone, Blackberry and Xbox threatens to unravel the decades of innovation that helped to build the Internet, a leading academic has warned in a new book.Professor Jonathan Zittrain says the latest must-have devices are sealed, "sterile" boxes that stifle creativity and turn consumers into passive users of technology.Unlike home computers, new Internet-enabled gadgets don't lend themselves to the sort of tinkering and collaboration that leads to technological advances, he says.The mix of gadgets, over-regulation and Internet security fears could destroy the old system where mainstream technology could be "influenced, even revolutionized, out of left field"."I don't want to see a two-tier world where only the experts can survive ... and the non-experts are stuck between something they don't understand and something that limits them," Zittrain told Reuters in an interview.Zittrain, professor of Internet governance and regulation at the Oxford Internet Institute, Oxford University, says the Internet's simple, open architecture is key to its enormous success and also its flaws.Amateur enthusiasts have come up with scores of new ideas by tinkering with the Internet on home computers. However, hackers have caused huge disruption by exploiting its loose structure.Zittrain contrasts one of the first mass-produced home computers, the Apple II from the 1970s, with Apple's latest gadget, the iPhone. He says the iPhone is typical of what he calls "tethered appliances". 





(c) 2008 Reuters
Other news from Technology category:
  1. Microsoft CEO backs Web spending, "done" with Yahoo - 25, Jul 2008

    REDMOND, Washington (Reuters) - Chief Executive Steve Ballmer on Thursday defended Microsoft Corp's need to make heavy investments in its Internet businesses but said the company was "done," for now, with pursuing Yahoo Inc.

    More

  2. Agreement reached for FCC to clear XM-Sirius deal - 25, Jul 2008

    WASHINGTON (Reuters) - U.S. regulators reached an agreement to conditionally approve Sirius Satellite Radio Inc's purchase of XM Satellite Radio Holdings Inc as the companies said they would pay millions of dollars to settle allegations of past rule vio

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  3. Once media-shy Taliban go hi-tech in propaganda war - 25, Jul 2008

    KABUL (Reuters) - The once media-shy Taliban have gone hi-tech with DVDs, mobile phone messages, ring-tones, emails and a website to publicize their exploits and lambast their Afghan and Western enemies, a think-tank said on Thursday.

    More

  4. Time to drop cable television? Not so fast - 25, Jul 2008

    NEW YORK (Reuters) - Couch potatoes love television, but some simply have no interest in watching sports or kids shows. So why should they pay for it?

    More

  5. Scots boy must give up Narnia website: U.N. judge - 24, Jul 2008

    GENEVA (Reuters) - A Scottish schoolboy must surrender a Web address tied to the Narnia fantasy world, which his father says he gave him as a present, after a ruling by a United Nations arbitrator, an official report said on Thursday.

    More

  6. Juniper names Microsoft exec Johnson as CEO - 24, Jul 2008

    NEW YORK (Reuters) - U.S. communications equipment maker Juniper Networks Inc named senior Microsoft veteran Kevin Johnson as its new chief executive, saying he will start work in September.

    More

  7. Batman fans get chance to fight with their hero - 24, Jul 2008

    SAN DIEGO (Reuters) - Batman fans inspired by his latest box office hit can bam and kapow alongside the Caped Crusader and other superheroes with the launch of the world's first licensed massively multiplayer online comic book game.

    More

  8. Digital revolution could be Olympics' salvation - 24, Jul 2008

    LONDON (Reuters) - For the Olympic movement, the digital revolution is armed with a double-edged sword -- it has lured the younger generation away from sport but could open up the Olympic experience to a far wider audience.

    More

  9. Qualcomm, Nokia deal ends long legal battle - 24, Jul 2008

    NEW YORK (Reuters) - Qualcomm Inc and Nokia late on Wednesday settled a 3-year, three-continent legal battle over patent licenses and royalties for the next 15 years.

    More

  10. Microsoft exec who led Yahoo bid leaving company - 24, Jul 2008

    SEATTLE (Reuters) - Microsoft Corp said on Wednesday that Kevin Johnson, who as president of Microsoft's largest business division spearheaded the company's pursuit of Yahoo Inc , is leaving the software maker.

    More

 

Software News
Hasbro Orders Facebook to Remove 'Scrabulous' (PC Magazine)
PC Magazine - While "DMCA" may not be a valid word in "Scrabble," it may be the "Scrabulous" software that loses a turn -- or all of them.
Why iPhone 2.0 won't yet rule the roost in the enterprise (InfoWorld)
InfoWorld - Most of the world, it seemed, drank the Steve Jobs Kool-Aid about the new iPhone being a BlackBerry killer when the Apple CEO first announced the device earlier this year. But after nearly two weeks with the new iPhone 2.0 software on my iPod Touch, I can tell you that Apple has not yet delivered on that promise.
Attack Code Released for New DNS Attack (PC World)
PC World - Attack code has been released for a major flaw in the Internet's DNS software.
Facebook to help some programmers, punish others (AP)

Mark Zuckerberg, founder and CEO of Facebook, gestures while delivering the keynote address during the annual Facebook f8 developer conference in San Francisco, Wednesday, July 23, 2008.  Facebook announced that 24 Web sites and applications have joined its efforts to make the Web more open and connected through Facebook Connect. (AP Photo/Eric Risberg)AP - Facebook Inc. is introducing more tools to help the software applications fueling the online hangout's popularity and is promising to intensify its efforts to weed out programs that violate its rules for protecting users' privacy.


Facebook expands winning open platform formula (AFP)

Facebook founder Mark Zuckerberg, pictured last year, painted a vision of an Internet future with the website in its soul to a faithful throng of software developers at the Internet firm's annual AFP - Facebook founder Mark Zuckerberg painted a vision of an Internet future with the website in its soul to a faithful throng of software developers at the Internet firm's annual "F8" conference..


Microsoft's Online Woes Hint at Larger Vulnerability (PC World)
PC World - Microsoft has built its massive software business by watching other companies take the lead in emerging technology markets and...