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Business News
Markets await Bernanke as central bankers gather (Reuters)

Chairman of the Federal Reserve Ben Bernanke testifies before the U.S. House Financial Services Committee on Capitol Hill in Washington July 16, 2008. (Larry Downing/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke tackles financial stability in a key speech on Friday but economists doubt he will provide solid clues about future policy action to calm the credit crunch.


Fannie and Freddie debt gains, deep share dive abates (Reuters)

A home that has been foreclosed and repossessed by the bank up for sale in Burbank, California, July 20, 2008. (Fred Prouser/Reuters)Reuters - Investors' growing belief in the likelihood of a federal bailout of home-funding giants Fannie Mae and Freddie Mac triggered a rally in the debt prices of the two companies on Thursday while a steep fall in their shares prices abated.


Oil up 5 percent on global tensions, soft dollar (Reuters)

An oil tanker nears the Trans-Alaska Pipeline Marine Terminal in Valdez, Alaska, August, 9 2008. (Lucas Jackson/Reuters)Reuters - Oil prices rose nearly 5 percent on Thursday, the biggest percentage gain in more than two months, driven by rising tensions between the United States and energy behemoth Russia.


Three big banks settle with NY state over ARS (Reuters)
Reuters - New York Attorney General Andrew Cuomo on Thursday said Merrill Lynch & Co Inc , Deutsche Bank (DBKGn.DE) and Goldman Sachs have agreed to settlements regarding their auction rate security sales practices.
FINRA probes 40 firms on auction rate securities: source (Reuters)
Reuters - Financial industry enforcement agents will review the auction-rate debt operations of about 40 firms industrywide starting next week, sources familiar with the investigation said on Thursday.
Trends & Innovations - Wednesday (Investor's Business Daily)
Investor's Business Daily - The proportion of working-age Americans facing medical debt rose to 72 mil or 41% last year, up from 58 mil or 34% in '05, according to a new survey by the nonprofit Commonwealth Fund. About half of those facing health debt have up to $2,000 in bills, while 12% have more than $4,000 in debt and another 12% have more than $8,000. The survey also found most of those with medical debt said they had exhausted their savings, with some also tapping into credit cards, home equity or cutting back on food or heat to cover health care costs.
Dramatic volcanism forged Mercury's surface - 04, Jul 2008

WASHINGTON (Reuters) - Volcanic activity has played a central role in forging the surface of Mercury, scientists said on Thursday based on data collected by a NASA spacecraft that zoomed past the closest planet to the sun in January.



By Will DunhamWASHINGTON (Reuters) - Volcanic activity has played a central role in forging the surface of Mercury, scientists said on Thursday based on data collected by a NASA spacecraft that zoomed past the closest planet to the sun in January.The seven scientific instruments on the car-sized MESSENGER spacecraft also sent back information about Mercury's magnetic field and about the fact that the extremely dense planet has been shrinking more than expected over the eons.MESSENGER has begun to resolve some of the mysteries of Mercury, a sun-baked world about a third the diameter of Earth and a bit larger than the moon.In 1975, Mariner 10, the last spacecraft to fly past heavily cratered Mercury, sent back images showing smooth plains covering large parts of its surface.But scientists have debated whether these plains were created by volcanic activity or by debris settling back onto the surface after space rocks collided with the planet.Images provided by MESSENGER from its January 14 fly-by provide strong evidence that volcanoes played a critical role in forming Mercury's surface, according to geologist James Head of Brown University in Providence, Rhode Island.The dramatic and large-scale volcanism probably took the form both of humongous lava flows and violent eruptions, based on surface features seen in the images, Head said.He estimated that the volcanic activity occurred between 3 billion and 4 billion years ago, adding that there is no evidence of ongoing volcanism on the planet's surface. 





(c) 2008 Reuters
TAGS: Living and lifestyle, Science; technology, Online Report text item, United States of America, Canada
Other news from Science category:
  1. Soggy storm Fay moves over Florida again - 22, Aug 2008

    MIAMI (Reuters) - Tropical Storm Fay came ashore on the Florida coast for the third time in less than a week on Thursday, bringing more of the torrential rain that has flooded hundreds of homes.

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  2. Iran plans manned space mission in 10 years - 21, Aug 2008

    TEHRAN (Reuters) - Iran plans to send a manned rocket into space in the next 10 years, state television reported on Thursday, just days after the Islamic Republic announced it had put a dummy satellite into orbit.

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  3. Peru joins fray for treasure ship claimed by Spain - 21, Aug 2008

    MIAMI (Reuters) - Peru has entered the battle for a multimillion-dollar treasure of gold and silver that Spain alleges a U.S. treasure hunting company looted from a Spanish warship sunk in 1804.

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  4. Storm Fay drenches space shuttle's port in Florida - 21, Aug 2008

    MELBOURNE, Florida (Reuters) - Tropical Storm Fay dumped torrential rain on central Florida on Wednesday, flooding streets in knee-high water as it stalled over the U.S. space shuttle fleet's home port at Cape Canaveral.

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  5. Storm Fay drenches space shuttle port in Florida - 21, Aug 2008

    MIAMI (Reuters) - Tropical Storm Fay slowly weakened as it drenched Florida's east coast around the U.S. space shuttle fleet's home port of Cape Canaveral on Wednesday, and appeared less likely to reach hurricane strength than it had the day before.

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  6. Scientists urge U.S. to protect economy from climate - 21, Aug 2008

    NEW YORK (Reuters) - Eight scientific organizations urged the next U.S. president to help protect the country from climate change by pushing for increased funding for research and forecasting, saying about $2 trillion of U.S. economic output could be hurt

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  7. Addiction drug reverses obesity in rats - 21, Aug 2008

    WASHINGTON (Reuters) - An epilepsy drug being tested for use in treating addiction can help obese rats shed weight, government researchers said on Wednesday.

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  8. "Bigfoot" was rubber gorilla costume - 20, Aug 2008

    LOS ANGELES (Reuters) - No wonder Bigfoot failed a DNA test. Researchers said on Tuesday the hairy heap claimed by two men to be the corpse of the mythical half-ape, half-human creature was actually a full-body rubber gorilla costume.

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  9. Bacteria a big killer in 1918 flu pandemic: study - 20, Aug 2008

    WASHINGTON (Reuters) - Bacterial pneumonia may have killed most people during the 1918 flu pandemic, and antibiotics may be as crucial as flu drugs to fight any new pandemic, U.S. researchers reported on Tuesday.

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  10. Stem cells could allow "blood farms," company says - 20, Aug 2008

    WASHINGTON (Reuters) - Embryonic stem cells can be used to grow vats of red blood cells, which could lead to the creation of "farms" that could provide limitless sources of blood, U.S. researchers reported on Tuesday.

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Software News
Microsoft enlists Seinfeld for ad campaign: source (Reuters)

Jerry Seinfeld poses at the premiere of 'Bee Movie' in London December 6, 2007. (Anthony Harvey/Reuters)Reuters - Comedian Jerry Seinfeld will star in a $300 million marketing campaign for Microsoft Corp aimed at burnishing the image of its computer operating system, a person familiar with the effort said on Thursday.


Photosynth Stitches Photos Into a 3-D Web Canvas (NewsFactor)
NewsFactor - Microsoft's name has never been synonymous with photography, visual imaging or innovative online applications. But its release Wednesday of Photosynth -- a hybrid software/service that allows users to create 3-D environments by stitching multiple photographs together -- suggests the company has more than a few cards up its sleeve.
Apple tries to de-bug iPhone (USATODAY.com)
USATODAY.com - Apple acknowledged that a software update for the iPhone partly fixes the connection snags that have caused a global firestorm for the new iPhone 3G.
Salesforce.com stock drops on cautious outlook (AP)
AP - Salesforce.com Inc. kept its financial guidance within the range of analyst estimates Wednesday, disappointing investors who expected a more bullish forecast from one of the Internet's most popular software services.
Microsoft Eases Server-Virtualization Restrictions (NewsFactor)
NewsFactor - Microsoft has elected to jettison certain licensing restrictions that previously discouraged its customers from moving the software giant's server applications within a server farm at will.
Google Invites Security Researchers To Debug Android (NewsFactor)

A prototype of the Google Android mobile by Qualcomm is on display at the Mobile World Congress (formerly 3GSM World Congress) in Barcelona, February 11, 2008. (Albert Gea/Reuters)NewsFactor - In a move that could help it avoid an iPhone 3G-like software drama, Google wants bug hunters to test its Android mobile platform. On Monday, the Android Security Team posted a message to introduce itself to the security research and vulnerability communities.