| Business News |
HP in talks to buy EDS to compete with IBM
(Reuters)
 Reuters - Hewlett-Packard Co
is in talks to buy technology outsourcing company
Electronic Data Systems Corp for $12 billion to $13
billion in a deal which would vault it to a close second to IBM
in technology services.
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AIG sees no need to honor ex-CEO request to delay AGM
(Reuters)
 Reuters - Maurice "Hank" Greenberg, former chief
executive of American International Group , has said the
insurer is in "crisis" and urged a delay in its annual general
meeting scheduled for Wednesday, according to a letter he sent
to the board.
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Australia's Westpac bids $17.6 billion for St George
(Reuters)
 Reuters - Westpac Banking Corp Ltd
launched a $17.6 billion all-share bid for smaller rival St
George Bank Ltd in a tie-up that would create
Australia's biggest bank by market value.
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Nissan operating profit falls 14 percent
(Reuters)
 Reuters - Nissan Motor Co (7201.T) reported a 13.7
percent drop in fourth quarter operating profit on Tuesday and
forecast a sharp fall in annual profits this year due to a
weaker dollar, rising commodities prices and sinking U.S.
demand.
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SocGen net profit falls 23 pct, beats consensus
(Reuters)
 Reuters - Societe Generale , the French
bank hit by the world's worst rogue trader scandal, reported a
23.4 percent fall in first quarter net profit although earnings
came in above the average market forecast.
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Survey: 1 in 10 boomers borrowing for everyday expenses
(AP)
AP - The economic downturn is hitting roughly one in 10 middle-aged and older Americans especially hard, compelling them to borrow money for everyday living expenses and to seek help from family, friends or charities, according to a survey released Tuesday by the AARP.
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| Canadian filmmaker turns to Internet to finance movie - 09, May 2008 |
By Irene Kuan
TORONTO (Reuters) - An aspiring Canadian filmmaker is asking the public at large to help fund his first movie project, one frame at a time.
Casey Walker launched a Web site earlier this year to raise C$1 million ($988,457) and is selling frames of his yet-to-be-made film over the Internet for C$10 a piece.
In return, investors will receive a credit in his movie, advertisement rights on his site and a cut of the profits if the film makes money.
So far he has sold more than 17,000 frames, bringing in about C$170,000, including the biggest single sale at C$52,560. Walker also has attracted investors from the United States, Europe and Canada.
He hopes to reach a million in four months.
"I wanted to make a feature film since I got into this business 10 years ago, and it's not easy to finance an independent film in this country, especially for a first-time director," Walker said in an interview.
He had shopped his script around Hollywood unsuccessfully several times before returning to Canada. The idea for the Web site came to him in 2006 after he saw another site called the "Million Dollar Home Page." It was created by a man in Britain who sold pixels of his site to advertisers and made more than $1 million in five months.
"That's what inspired me to approach the public online to fund-raise because his success was so rapid," Walker said.
(c) 2008 Reuters
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| Other news from Internet category: |
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LOS ANGELES (Reuters) - Getting Hollywood actors paid for their smallest performances -- video clips on the Internet -- is shaping up as one their biggest sticking points in stalemated contract negotiations with major studios.
More
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SEATTLE (Reuters) - Any Star Trek fan knows that space travel is not always easy, but Microsoft Corp wants to make traveling the "final frontier" as simple as turning on your computer.
More
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PORTLAND, Oregon (Reuters) - Republican John McCain pledged to take the lead in combating global climate change if elected president in a speech that set him apart from the policies of President George W. Bush.
More
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NEW YORK (Reuters) - A pall hangs over the word "print" these days, but the editors of a new magazine bet that discerning readers want news analysis on paper and don't mind getting it just four times a year.
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NEW YORK (Reuters) - Richard Branson's Virgin Mobile USA Inc and South Korea's SK Telecom Co, which controls U.S. mobile service Helio, are in early talks on a deal, a person familiar with the discussions said on Friday.
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WASHINGTON (Reuters) - Did U.S. Republican presidential candidate John McCain vote for President George W. Bush in 2000?
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WASHINGTON (Reuters) - The chairman of the House Judiciary Committee on Thursday introduced legislation that would bar network providers from discriminating against some Internet content.
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MOUNTAIN VIEW, California (Reuters) - Google Inc expects to launch new products for its YouTube Web video service in the next few months and sees reason for closer cooperation with Yahoo Inc, Google Chief Executive Eric Schmidt said on Thursday.
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SAN FRANCISCO (Reuters) - Microsoft Corp has released the nominees on its rival slate from their commitment to stand for election to Yahoo Inc's board in the event of a proxy fight, a source familiar with the situation said on Thursday.
More
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SAN FRANCISCO (Reuters) - Social networking site Facebook announced an agreement on Thursday with 49 U.S. state attorneys general and the District of Columbia to increase efforts to protect its youngest members from sexual predators.
More
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| Software News |
Microsoft software gives free tours of space
(Reuters)
 Reuters - Any Star Trek fan knows that space
travel is not always easy, but Microsoft Corp wants to make
traveling the "final frontier" as simple as turning on your
computer.
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SOA Software buys LogicLibrary
(InfoWorld)
InfoWorld - Matching up critical components in the SOA space, SOA Software, which provides SOA governance automation, said Monday it has acquired SOA repository and governance vendor LogicLibrary.
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Microsoft readies service packs for dev tools
(InfoWorld)
InfoWorld - Microsoft released Monday beta versions of separate service packs for the Visual Studio 2008 software development platform and the accompanying .Net Framework 3.5, a Microsoft official said in a blog.
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Google's Friend Connect To Spread Social Data
(TechWeb)
TechWeb - InformationWeek - The software is part of an emerging set of technologies like OpenID, OAuth, OpenSocial, and the data access APIs published by Facebook, Google, and MySpace.
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Three Charged in Dave & Buster's Hacking Job
(PC World)
PC World - It may not have been the greatest hack ever, but police say the malicious software sneaked onto restaurant chain Dave &...
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Windows XP SP3 Woes Especially Affect AMD Systems
(NewsFactor)
NewsFactor - Users who thought the Windows XP operating system would be more reliable than its younger sibling Vista are being buffeted by reports that the latest update for XP, Service Pack 3, has its own problems.
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