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Business News
Citigroup aims to shed $400 billion of assets (Reuters)

Citigroup CEO Vikram Pandit in a file photo. Citigroup said Friday that it plans to shed $400 billion of assets within three years and boost revenue by up to 10 percent annually in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets. (Peter Morgan/Files/Reuters)Reuters - Citigroup Inc said on Friday it plans to shed $400 billion of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets.


AIG's loss and record oil sour mood on Wall St (Reuters)

Traders work on the floor of the New York Stock Exchange, April 3, 2008. (Keith Bedford/Reuters)Reuters - Stocks fell on Friday as the price of oil set another record and concerns about the financial sector flared up again after American International Group Inc reported a massive loss.


AIG sees no signs of mortgage asset market rebound yet (Reuters)

An AIG sign is seen on an office building in Los Angeles, California May 8, 2008. (Fred Prouser/Reuters)Reuters - American International Group , after disappointing with a worse-than-expected loss on Thursday, did little to buoy investor spirits on Friday, telling shareholders it does not yet see signs of a rebound in the market for mortgage assets, which have cost it dearly over the past two quarters.


Oil hits record $126 on supply worry (Reuters)

A customer pumps gas at a Shell gas station in Cambridge, Massachusetts, April 29, 2008. (Brian Snyder/Reuters)Reuters - Oil jumped to a record above $126 a barrel on Friday, extending gains to more than 11 percent since the start of the month on fuel supply concerns and a rush of speculator buying.


Countrywide falls on worry over B of A merger (Reuters)

A Countrywide branch location is seen in Burlington, Massachusetts May 5, 2008. (Brian Snyder/Reuters)Reuters - Countrywide Financial Corp shares fell nearly 6 percent on Friday on renewed speculation that Bank of America Corp will renegotiate or cancel its agreement to buy the largest U.S. mortgage lender.


March trade deficit drops by bigger-than-expected amount (AP)
AP - The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending. Analysts forecast that trade would continue to be one of the economy's few bright spots this year.
Clinton takes hit in new poll on White House race - 27, Mar 2008

WASHINGTON (Reuters) - Democratic presidential candidate Hillary Clinton's positive rating has dropped to a new low of 37 percent in an NBC/Wall Street Journal poll released on Wednesday.



WASHINGTON (Reuters) - Democratic presidential candidate Hillary Clinton's positive rating has dropped to a new low of 37 percent in an NBC/Wall Street Journal poll released on Wednesday.
According to the poll, the New York senator's positive rating slid 8 percentage points in two weeks and she had a negative rating of 48 percent in a week where she admitted making a mistake in claiming she had come under sniper fire during a 1996 trip to Bosnia.
Clinton's Democratic rival, Illinois Sen. Barack Obama, also saw a slight dip in his positive rating, to 49 percent from 51 percent, the poll found.
Clinton, who would be the first female U.S. president, and Obama, who would be the first black president, are in a heated battle for the Democratic nomination to face presumptive Republican nominee John McCain in November's election.
The survey was taken after Obama gave a speech last week on race in America and rejected racially charged remarks by his pastor in Chicago of two decades, Rev. Jeremiah Wright.
NBC said 32 percent of respondents said Obama "sufficiently addressed the issue" and 26 percent said he needed to say more about the Wright controversy.
More than half of those surveyed -- 55 percent -- said they were "disturbed" by the videos of Wright that were widely circulated on television and the Internet, the poll found.
In head-to-head matchups, Obama and Clinton were even at 45 percent. In general election matchups, Obama led McCain by 44 percent to 42 percent and McCain led Clinton by 46 percent to 44 percent.
When asked which candidate could unite the country if elected, 60 percent said Obama, 58 percent said McCain and 46 percent said Clinton. 





(c) 2008 Reuters
Other news from HotNews category:
  1. U.S. senators urge Bush to visit Tibet during Games - 10, May 2008

    WASHINGTON (Reuters) - A group of senior U.S. senators urged President George W. Bush on Friday to visit Tibet when he travels to China in August to attend the Beijing Olympics.

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  2. No infectious outbreak on Canadian train: officials - 10, May 2008

    TORONTO/OTTAWA (Reuters) - Canadian health officials said on Friday that a death and reported outbreak of flu-like symptoms aboard a cross-Canada train were not due to an infectious disease and in fact were likely not related at all.

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  3. U.S. sees record world food crops easing crisis - 10, May 2008

    WASHINGTON (Reuters) - Good weather will help the world's farmers reap record wheat and rice crops this year, the U.S. government said on Friday, which should allay fears of shortages and help bring prices down from current high levels.

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  4. U.N. launches Myanmar appeal and resumes aid flights - 10, May 2008

    YANGON (Reuters) - The United Nations appealed for $187 million in aid on Friday to help 1.5 million victims in cyclone-ravaged Myanmar and said it would resume relief flights despite the military government's seizure of food supplies.

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  5. Obama gathers support as he looks to November - 10, May 2008

    BEAVERTON, Oregon (Reuters) - Democrat Barack Obama turned his focus to a general election showdown with John McCain on Friday and said the Republican White House candidate would continue the failed policies of President George W. Bush.

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  6. Lebanon government denounces Hezbollah "coup" in Beirut - 10, May 2008

    BEIRUT (Reuters) - Lebanon's Iranian-backed Hezbollah group took control of the Muslim half of Beirut on Friday in what the U.S.-backed governing coalition described as "an armed and bloody coup".

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  7. Pakistan new govt. opposed to U.S. action on its soil - 09, May 2008

    ISLAMABAD (Reuters) - Pakistan's new government is trying to convince the United States that unilateral strikes against al Qaeda militants on its territory could be "counter-productive", the country's foreign minister said on Friday.

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  8. Top U.N. human rights forum to examine food crisis - 09, May 2008

    GENEVA (Reuters) - The United Nations Human Rights Council will hold a special session on May 23 to examine how the world's food crisis is undermining the right to food for millions of people, officials said on Friday.

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  9. Austrian Fritzl remanded for a month in incest case - 09, May 2008

    ST POELTEN, Austria (Reuters) - An Austrian court on Friday ordered Josef Fritzl, who kept his daughter in a cellar for 24 years and had seven children with her, to be kept in custody for a further month, a court spokesman said.

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  10. Dalai Lama says understands anger over Everest torch - 09, May 2008

    BERLIN (Reuters) - The Dalai Lama says he understands why Tibetan exiles were angry that the Olympic torch reached the top of Mount Everest but had advised them against protesting.

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Software News
Hackers Find a New Place to Hide Rootkits (PC World)
PC World - Security researchers have developed a new type of malicious rootkit software that hides itself in an obscure part of a...
Microsoft appeals against EU fine (Reuters)

Microsoft chairman Bill Gates delivers a speech in Jakarta. Microsoft on Friday lodged an appeal at a European court against the record 899 million euro (1.39 billion dollar) fine imposed on it by the EU Commission for defying a landmark anti-trust ruling.(AFP/File/Jewel Samad)Reuters - Microsoft said on Friday it was appealing against a record 899 million euro ($1.39 billion) fine imposed by the European Commission for using high prices to discourage software competition.


"Pirates" maker to turn "BioShock" game into film (Reuters)

A screenshot from the hit video game 'BioShock' about an underwater utopia gone disastrously wrong. (Take-Two Interactive Software/Handout/Reuters)Reuters - Take-Two Interactive Software Inc said on Friday that "Pirates of the Caribbean" director Gore Verbinski will make a movie version of "BioShock," its hit video game about an underwater utopia gone disastrously wrong.


Office 2007 SP1 Begins Auto-Rollout in June (PC Magazine)
PC Magazine - Automatic updates for Microsoft Office 2007 service pack (SP1) will start hitting customers' computers via Microsoft Update on June 16, Microsoft said Thursday night.
Sun: Java ubiquity an advantage in RIA battle (InfoWorld)
InfoWorld - Sun Microsystems is counting on the ubiquitous nature of Java to help its JavaFX technology compete in the rich Internet application (RIA) space against rivals Adobe Systems and Microsoft.
Flomerics surges after rejects Mentor cash bid (Reuters)
Reuters - Shares in British engineering software firm Flomerics Group surged on Friday after rejecting a buyout offer from larger U.S. rival Mentor Graphics, saying it would explore interest from several other parties.