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Business News
Ford posts $8.7 billion loss on truck slump (Reuters)

The sign outside a Ford dealership in Broomfield, Colorado July 23, 2008. (Rick Wilking/Reuters)Reuters - Ford Motor Co posted a $8.7 billion quarterly loss on Thursday as it wrote down the value of truck and SUV operations and cautioned that it did not expect to see a U.S. economic turnaround until 2010.
Dow Chemical second-quarter profit hurt by costs (Reuters)

Dow Chemical's corporate headquarters in Midland, Michigan is seen in an undated handout photo. (Handout/Reuters)Reuters - Dow Chemical Co posted second-quarter earnings that fell short of market expectations as its price increases did not completely offset a sharp spike in energy and raw material costs.
Nokia patent deal with Qualcomm boosts both stocks (Reuters)

The U.S. flag flies next to one of Qualcomm's many buildings in San Diego, California, July 22, 2008. (Mike Blake/Reuters)Reuters - Nokia (NOK1V.HE), the world's top cellphone maker, has ended three years of legal battles with wireless chip developer Qualcomm and signed a patent agreement that boosted both companies' shares.
Wall Street extends drops after housing data (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 - Stock extended losses on Thursday following a report that showed a steeper-than-expected drop in existing-home sales in June, heightening concern about the impact of the housing slump on economic growth.
FCC has pact to approve Sirius-XM deal: source (Reuters)

A woman walks past the waiting area of the XM Satellite Radio building in Washington, March 25, 2008. (Larry Downing/Reuters)Reuters - A majority of members of the Federal Communications Commission have reached an agreement to conditionally approve Sirius Satellite Radio Inc's purchase of XM Satellite Radio Holdings Inc , a source familiar with the agency review said on Thursday.
New layoff filings jump as companies retrench (AP)

In this June 5, 2008 file photo, job seekers gather at the Los Angeles Mission for the 7th annual Employment and Training Collaborative of Hope Central Career Fair in Los Angeles. Employers cut payrolls by 62,000 in June, the sixth straight month of nationwide job losses, underscoring the economy's fragile state. The unemployment rate held steady at 5.5 percent, it was announced Thursday July 3, 2008. (AP Photo/Ric Francis)AP - The number of newly laid off people filing claims for unemployment benefits bolted past 400,000 last week as companies trimmed their work forces to cope with a slowing economy and fallout from a collapsed housing market.
Chile volcanic eruption seen at critical stage - 10, May 2008

PUERTO MONTT, Chile (Reuters) - A towering plume of ash from an erupting volcano in Chile's remote Patagonia could rain down on the surrounding area and cause devastating damage, a volcano expert warned on Friday.



By Antonio de la JaraPUERTO MONTT, Chile (Reuters) - A towering plume of ash from an erupting volcano in Chile's remote Patagonia could rain down on the surrounding area and cause devastating damage, a volcano expert warned on Friday.Luis Lara, a scientist with the government's geology and mining agency, said the column, which has soared 7.5 miles (12 km) into the air, was at a critical stage.An abrupt descent would blanket vast areas with deadly hot gas, ash and molten rock, he said.Authorities have evacuated thousands of people from the immediate vicinity of Chaiten volcano, 760 miles south of the capital Santiago, and are forcing people within a 30-mile (50-km) radius to leave.Chaiten began erupting eight days ago for the first time in thousands of years."We are at a critical point of this phase given the characteristics (of the eruption) have remained the same for several days," Lara said."The volcano is now at its limit and one possibility is that the column could collapse quickly, generating flows of ... material down its ravines," he said.The column might descend gradually and do little damage. But in the worst-case scenario, the ash and fiery material would engulf the town of Chaiten, just 6 miles from the volcano, and the areas around it. 





(c) 2008 Reuters
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Software News
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.
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Facebook expands winning open platform formula (AFP)

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TechWeb - InformationWeek - The update improves IMAP compatibility with Gmail, and provides an updated setup wizard for the Web-based e-mail.
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