Canada and Russia remain on collision course - Sport

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Business News

Wall Street tumbles, led by financials (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)

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)

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)

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)

AP - Two cornerstones of the economy Â— jobs and housing Â— sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record.

HALIFAX, Nova Scotia (Reuters) - Russia and Canada remained on a collision course at the ice hockey world championships on Monday, completing qualification round play unbeaten to take top spot in their group standings.

By Steve KeatingHALIFAX, Nova Scotia (Reuters) - Russia and Canada remained on a collision course at the ice hockey world championships on Monday, completing qualification round play unbeaten to take top spot in their group standings.With Prime Minister Stephen Harper looking on, Canada cruised to a 6-3 win over Finland in a rematch of last year's final to clinch first place in Group F while Russia beat Switzerland 5-3 to finish top of Group E.The Swiss will not have to wait long for a shot at revenge, the Russian victory setting up a quarter-final rematch on Wednesday in Quebec City.Champions Canada, bidding to become the first host country to win the title since the Soviet Union in 1986, will play Norway, who sneaked into the last eight when Germany shocked Latvia 5-3 to end the qualification round.The other quarter-final pairings have Olympic champions Sweden taking on the Czech Republic while Finland and the United States will renew hostilities in a rematch of their ill-tempered clash on Sunday that produced 202 minutes in penalties and saw three players handed game suspensions.Ryan Getzlaf scored on the first shot of the game 33 seconds into the opening period for Canada, who handed the Finns their first loss of the tournament.DO OR DIEDany Heatley scored twice giving the Ottawa Senators forward a tournament best nine goals while captain Shane Doan also scored twice and Patrick Sharp added a short-handed effort.

Other news from Sport category:

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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)

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)

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...

Tribune trims list of Cubs bidders: sources - 25, Jul 2008

Iraq banned from Beijing Games, says NOC chief - 25, Jul 2008

Daly risks injury to play in Moscow - 25, Jul 2008

Mets beat Phillies to go top of NL East - 25, Jul 2008

Marin Cilic shocks Andy Roddick as upsets continue in Toronto - 25, Jul 2008

Hardy is no doper: swimmer's agent - 24, Jul 2008

Jankovic shakes off rust to battle past King - 24, Jul 2008

Hamm eyes gold after tarnished dream - 24, Jul 2008

Ben Johnson's rise and fall still casts long shadow - 24, Jul 2008

Federer suffers Toronto upset, Nadal wins - 24, Jul 2008