China buries quake dead; school collapses in focus - HotNews

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Business News

Postbank sale may fail over target price: report (Reuters)

Reuters - The sale of Germany's biggest retail bank Deutsche Postbank could fail because the price potential bidders are willing to pay does not meet the expectations of the lender's parent, Deutsche Post, a German magazine reported on Saturday.

Auto sector woes could spur deals: Renault CEO (Reuters)

Reuters - A current slump in the global automotive sector could give fresh impetus to plans for consolidation within the industry, the head of French carmaker Renault said on Saturday.

BCE buyers finalize funding (Reuters)

Reuters - Announcing what it said were "essential milestones" allowing the world's largest leveraged buyout to go ahead, BCE Inc said on Friday that its buyers had finalized funding and were sticking to their C$34.8-billion ($34.1 billion) purchase price.

Hyundai union calls for work stoppage next week (Reuters)

Reuters - Unionized employees of Hyundai Motor Co (005380.KS) will walk off the job for four hours next week to push for a pay increase, the auto maker's union said on Saturday.

Alabama likely site of new VW plant: report (Reuters)
Reuters - Alabama will be the likely home of a new Volkswagen manufacturing plant, beating two other states, German industry newsletter Automobilwoche said on Saturday, citing senior company sources.

Smooth sailing for yacht builders despite economy (AP)

AP - Fuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for mega yachts.

MIANZHU, China (Reuters) - China struggled to bury the dead and help tens of thousands of injured, homeless and hungry on Friday, four days after a massive earthquake which is expected to have killed more than 50,000.

By John RuwitchMIANZHU, China (Reuters) - China struggled to bury the dead and help tens of thousands of injured, homeless and hungry on Friday, four days after a massive earthquake which is expected to have killed more than 50,000.Chinese Premier Wen Jiabao called on officials to ensure social stability as frustration and exhaustion grew among survivors, many of whom lost everything and are living in makeshift tents or in the open air.Anger has also focused on the state of school buildings, many of which crumpled, burying hundreds of children, when the quake struck, prompting China's Housing Ministry to order an investigation.In the village of Houzhuang in the southwestern province of Sichuan, the area worst hit by Monday's 7.9 magnitude quake, residents said they were coping on their own, with aid and troops yet to reach them."We ate some corn, but now we are suffering from diarrhea after drinking water from the ditch for two days," said a Houzhuang resident surnamed Liu.He said more than 90 percent of the buildings in his village, in the hard-hit county of Anxian, were flattened."Now we've been trying to get things out of the debris to use, like clothes, but we're very frightened that there will be another earthquake, so we have to be very careful," he said.China has mobilized 130,000 army and paramilitary troops to the disaster area, but the quake buckled roads and triggered mountain landslides, meaning that relief supplies and rescuers have struggled to reach the worst-hit areas.

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Software News

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Blogger Opinion: Why We Left NetSuite (NewsFactor)
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Krugle enhances code search appliance (InfoWorld)
InfoWorld - Krugle plans to ship next week an upgrade to its search appliance for enterprise software development projects, which makes it easier for teams of developers to maintain code.

Lebanese leaders close to government deal - 06, Jul 2008

Protests as G8 gathers for diplomacy - 06, Jul 2008

Iran vows to pursue nuclear work - 06, Jul 2008

Film shows Zimbabwe vote rigged: report - 06, Jul 2008

California's wildfire in check -- for now - 06, Jul 2008

Obama "puzzled" by Iraq comment frenzy - 06, Jul 2008

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Former Senator Jesse Helms dies at 86 - 05, Jul 2008

Colombia shows rescue video - 05, Jul 2008