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Business News
Stocks drop on financials, oil rebound (Reuters)

Traders work on the floor of the New York Stock Exchange, July 8, 2008. (Brendan McDermid/Reuters)Reuters - Stocks fell in skittish trading on Wednesday, led by financial services company shares, while rebounding oil prices fed concerns about the toll of higher energy costs on business and consumer spending.


Merrill asset sale size depends on second quarter loss (Reuters)

Merrill Lynch Chief Executive Officer, John Thain, poses before a news conference in Mumbai May 7, 2008. Merrill Lynch is looking at selling stakes in BlackRock Inc or Bloomberg LP, and the size of the sale will depend on the size of the investment bank's second quarter loss, a person briefed on the matter said Wednesday. (Punit Paranjpe/Reuters)Reuters - Merrill Lynch & Co will determine exactly how much of its stakes in BlackRock Inc and Bloomberg LP to sell based on how deep its second quarter loss is, a person briefed on the matter said on Wednesday.


IMF gloomy on growth, warns on inflation (Reuters)

International Monetary Fund Managing Director Dominique Strauss-Kahn gives a speech during the Brussels Economic Forum in Brussels May 15, 2008. It is hard to know how far the global financial crisis still has to run, with the extent of further credit losses hinging on what happens to the U.S. housing sector, Strauss-Kahn said on Wednesday. (Thierry Roge/Reuters)Reuters - It is hard to know how far the global financial crisis still has to run, with the extent of further credit losses hinging on what happens to the U.S. housing sector, IMF chief Dominique Strauss-Kahn said on Wednesday.


GFK says to make better offer for TNS than WPP (Reuters)

WPP's Martin Sorrell in a file photo. Germany's GfK Holdings AG said on Wednesday it wants to make a better offer for Britain's Taylor Nelson Sofres TNS than Martin Sorrell's advertising group WPP. (File/Reuters)Reuters - Germany's GfK Holdings AG said on Wednesday it wants to make a better offer for Britain's Taylor Nelson Sofres TNS than Martin Sorrell's advertising group WPP.


Oil rebounds $2 on Iran missile tests (Reuters)

A New York City cab driver fills his taxi up with gas at a Hess station in New York July 2, 2008. (Shannon Stapleton/Reuters)Reuters - Oil rose $2 to around $138 a barrel on Wednesday, partly recouping a $5 drop in the previous session, after Iran said it had test-fired missiles that could reach Israel and U.S. bases in the region.


China market sees signs of economic policy easing (Reuters)

A vendor rests at a cloth stall of a market in Hefei, Anhui province June 10, 2008. (Jianan Yu/Reuters)Reuters - A flurry of visits by Chinese leaders to cities hit by sluggish exports and a reported tax rebate for textile exporters are being interpreted by the market as signals that Beijing might cautiously ease tight economic policies.


Datsyuk hat-trick powers Wings to brink of finals - 13, May 2008

DALLAS (Reuters) - Pavel Datsyuk scored his first career hat-trick to power the Detroit Red Wings to a 5-2 victory over the Dallas Stars on Monday, moving the Western Conference top seeds to the brink of the Stanley Cup Finals.



DALLAS (Reuters) - Pavel Datsyuk scored his first career hat-trick to power the Detroit Red Wings to a 5-2 victory over the Dallas Stars on Monday, moving the Western Conference top seeds to the brink of the Stanley Cup Finals.
The Red Wings have eased to a 3-0 lead in the best-of-seven conference finals series and one more victory would set up an NHL title showdown against either the Pittsburgh Penguins or the Philadelphia Flyers. The Penguins lead that series 2-0.
Game Four is in Dallas on Wednesday.
Datsyuk scored twice in the first period as Detroit got off to a fast start, then completed his landmark three-goal haul late in the third period.
Henrik Zetterberg added his ninth playoff goal and had two assists for the Red Wings, who won their ninth consecutive playoff game.
Zetterberg's short-handed goal came 1:38 into the third period.
"Those two (Datsyuk and Zetterberg) are superstars, but the good thing about them is they're complete players, too," Wings netminder Chris Osgood told reporters.
Jiri Hudler also scored for Detroit, getting the go-ahead goal on a breakaway 11:54 into the second period.
Nicklas Grossman and Brad Richards scored for the home team. 





(c) 2008 Reuters
Other news from Sport category:
  1. Broadcasters free to go live from Beijing during Games - 09, Jul 2008

    BEIJING (Reuters) - Broadcasters will be able to transmit live by satellite from around Beijing and Tiananmen Square during next month's Olympics, the International Olympic Committee (IOC) said on Wednesday.

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  2. Mickelson has two goals in mind ahead of Scottish Open - 09, Jul 2008

    LOCH LOMOND (Reuters) - Phil Mickelson, effectively world number one with Tiger Woods likely to be sidelined by injury for the rest of the season, goes into this week's Scottish Open with two targets in mind.

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  3. Walker Perez is Ecuador's hero - 09, Jul 2008

    QUITO (Reuters) - From selling newspapers on the streets to help his family make ends meet, Jefferson Perez grew up to become a world and Olympic champion walker and a hero in Ecuador.

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  4. Perry aims to maintain red-hot streak - 09, Jul 2008

    CHICAGO (Reuters) - Kenny Perry is the headline act at the John Deere Classic with most of the top players already in Europe preparing for next week's British Open.

    More

  5. Rays reverse ways, go from worst to first - 09, Jul 2008

    NEW YORK (Reuters) - The Tampa Bay Rays have turned the American League upside down, rebounding from the worst record in the major leagues last year to the best mark so far this season and are dreaming of their first postseason action.

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  6. Jeter, Pettitte help Yankees shut out Rays - 09, Jul 2008

    NEW YORK (Reuters) - A superb piece of fielding by Derek Jeter and excellent pitching from Andy Pettitte helped the New York Yankees narrow the gap on the American League East-leading Tampa Bay Rays with a 5-0 victory on Tuesday.

    More

  7. IOC hails Beijing "gold standard" - 09, Jul 2008

    BEIJING (Reuters) - The International Olympic Committee praised Beijing on Tuesday for setting a "gold standard for the future" in its preparations for the Games, which begin in a month.

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  8. College basketball could be hurt by defections - 09, Jul 2008

    CHICAGO (Reuters) - The possibility a top high school basketball player may skip college to play professionally overseas has some analysts questioning whether the NCAA and its popular "March Madness" tournament can remain a cash cow that generates hundred

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  9. Schumacher upsets big guns to take lead - 09, Jul 2008

    CHOLET, France (Reuters) - German Stefan Schumacher caught the favorites out to snatch the Tour de France overall leader's yellow jersey with victory in the fourth stage, a 29.5-km time trial around Cholet on Tuesday.

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  10. Cavendish fails to impress in early Tour stages - 08, Jul 2008

    CHOLET, France (Reuters) - Expectations were high on Mark Cavendish before the start of the Tour de France but the Briton has failed to deliver in the early stages which had seemed, on paper, to favor his finishing power.

    More

 

Software News
Microsoft sets pricing, fee sharing for services (Reuters)

Microsoft Chief Executive Officer Steve Ballmer speaks during a luncheon and conference on technology and innovation in Madrid April 25, 2008. (Susana Vera/Reuters)Reuters - Microsoft Corp introduced on Wednesday pricing for its suite of online services targeted at corporate customers and a revenue-sharing plan to encourage other companies to sell the software company's products.


India Expects Software and Services Revenue Growth to Fall (PC World)
PC World - India's revenue from software and services is expected to be slower this year, according to an industry body.
Google lets people create custom virtual realms (AFP)

File photo shows a virtual rendition of US Congressman Edward Markey on Second Life for the UNs climate change convention in Bali, Indonesia. Web firm Google has rolled out a challenge to virtual world giant Second Life with free software that lets people create their own online 3D worlds(AFP/OneWorld.net/File)AFP - Google has rolled out a challenge to virtual world giant Second Life with free software that lets people create their own online 3D worlds that can be embedded on websites and melded with other online functions.


EA says has complied with FTC request on Take-Two (Reuters)

College fullback Owen Schmitt (R), drafted by the NFL's Seattle Seahawks, and DeSean Jackson, a wide receiver drafted by the Philadelphia Eagles, play EA Games NCAA Football at the game-makers; studio in Burnaby, British Columbia May 5, 2008. (Andy Clark/Reuters)Reuters - Video game publisher Electronic Arts Inc said on Tuesday it complied with a regulator's request for more information on its Take-Two Interactive Software Inc bid, moving a step closer to buying its rival.


Real Software, Veryant bolster dev tools (InfoWorld)
InfoWorld - Real Software and Veryant are upgrading development tools this week, with Real Software focused on its RealBasic platform and Veryant on Cobol.
VMware shares plunge on CEO change, slowing growth (AP)
AP - VMware Inc. abruptly replaced co-founder Diane Greene as chief executive Tuesday and lowered its sales outlook, triggering alarms that pounded the business software maker's shares to their lowest depths since the company's lucrative public offering 11 months ago.