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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.
Facebook users willing to let employers see profiles - 08, May 2008

TORONTO (Reuters) - While many Facebook users may be secretly surfing the social networking site on the job, many Canadians say they are willing to let their employer look at their profiles, according to a poll released on Wednesday.



By Claire Sibonney
TORONTO (Reuters) - While many Facebook users may be secretly surfing the social networking site on the job, many Canadians say they are willing to let their employer look at their profiles, according to a poll released on Wednesday.
Almost half of 1,200 people questioned in an online survey said they would be comfortable sharing their personal profile with their current employer, while two in five would consider letting prospective employers look at their Facebook account in addition to their resume.
"Everybody is trying to figure out the best thing to do with it and our sense is 'embrace it'," said Brian Singh, managing director of ZINC Research, which conducted the poll with Dufferin Research.
Many Canadian companies and government departments have blocked office Internet access to Facebook, the most popular social networking site in the country.
The poll showed that out of Facebook's 9 million Canadian members, almost 9 in 10 adults aged 18 to 34 use the site. Singh suggested that more people are censoring potentially embarrassing information.
"The days of getting drunk and getting all your pictures posted online, that's gone," he said.
Singh added that companies should be taking advantage of the social networking phenomenon, rather than trying to keep it out of the office.
"Most employers are trying to figure out how Facebook can make a positive contribution to their operations," said Singh. 





(c) 2008 Reuters
Other news from Technology category:

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  5. Nortel plans Asia push, but it may be a tough slog - 09, Jul 2008

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  6. EA says has complied with FTC request on Take-Two - 09, Jul 2008

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  7. iPhone UK websites swamped before Friday launch - 09, Jul 2008

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  8. VMware names new CEO, lowers '08 revenue outlook - 08, Jul 2008

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  9. Nokia Q2 EPS seen up 16 pct, eyes on outlook - 08, Jul 2008

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  10. Activision's merger with Vivendi will shake gaming biz - 08, Jul 2008

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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.
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