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Business News
House passes housing bill; Bush lifts veto threat (Reuters)

President Bush on Wednesday dropped a threat to veto a housing rescue bill, clearing the way for measures meant to shore up the worst U.S. home market since the Great Depression. (Paul Szep/Reuters)Reuters - The House of Representatives passed a massive housing rescue bill on Wednesday while the White House dropped a threat to veto it, paving the way for measures aimed at shoring up the worst U.S. housing market since the Great Depression.


Amazon profit, sales above view and shares rise (Reuters)

A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008. (Rick Wilking/Reuters)Reuters - Amazon.com Inc said on Wednesday quarterly profit doubled and sales grew 41 percent, indicating to Wall Street that many cost-conscious shoppers are heading online to save money in a tough economy.


SemGroup gets court OK for initial bankruptcy motions (Reuters)
Reuters - SemGroup LP, an Oklahoma-based oil trading services company, on Wednesday said it received approval from the Bankruptcy Court for its initial motions related to its bankruptcy.
Microsoft exec who led Yahoo bid leaving company (Reuters)
Reuters - Microsoft Corp said on Wednesday that Kevin Johnson, who as president of Microsoft's largest business division spearheaded the company's pursuit of Yahoo Inc , is leaving the software maker.
China's Zhongxing in talks with GM, FAW: source (Reuters)
Reuters - China's Hebei Zhongxing Automobile Co is in talks with General Motors and major Chinese automaker FAW Group to explore opportunities for cooperation, including equity ties, a source close to the situation said on Thursday.
Sluggish Economy Slows 'Somewhat' As Oil Squeezes Spending, Fed Reports (Investor's Business Daily)
Investor's Business Daily - The economy has slowed "somewhat" as rising energy prices and the credit crunch force consumers to cut back, the Federal Reserve said Wednesday.
Fox's "Millionaire" puts charitable spin on reality - 13, May 2008

LOS ANGELES (Hollywood Reporter) - Fox's newest reality experiment is a modern-day twist on "The Prince and the Pauper."



By James Hibberd
LOS ANGELES (Hollywood Reporter) - Fox's newest reality experiment is a modern-day twist on "The Prince and the Pauper."
The network is set to announce "Secret Millionaire," a new series in which wealthy benefactors go undercover in impoverished neighborhoods. For about 10 days, a multimillionaire meets financially destitute locals and experiences what it's like to live on a meager budget. At the show's conclusion, the millionaire reveals his true identity to the community and gives a minimum of $100,000 of his own money to at least one deserving person.
"How often do we see somebody who's homeless on the street and wonder what it would be like to live like that?" Fox president of alternative entertainment Mike Darnell asked. "Whereas the superwealthy are so detached from that experience. This is a really clever conceit and has a great emotional arc to it."
Fox has ordered six episodes of the hourlong series from RDF USA. The network plans to unveil the show Thursday at its "upfront" presentation to advertisers in New York. "Secret Millionaire" is based on a Channel 4 U.K. hit from RDF Media that is returning for a third season and which won the prestigious Rose d'Or award in 2007 for best reality series at the annual Rose d'Or Festival in Lucerne, Switzerland.
"It's going to be huge," said Chris Coelen, CEO of RDF USA ("Don't Forget the Lyrics," "Wife Swap"). "It's got a 'fish out of water' element -- which is always fun -- and it's got the inspirational stories about what these people are doing in their communities. And then there's an unbelievable emotional payoff."
CULTURE SHOCK
"Secret Millionaire" producers sought participants with assets in the "triple-digit-million range" who have lived sheltered lives. Most are men, but not all. Each episode tracks two story lines: the millionaire's culture shock as he or she is immersed in poverty and the rags-to-riches fairy tale of struggling individuals who gain a financial windfall.
Philanthropic reality shows have been increasingly popular the past couple of years, led by ABC's "Extreme Makeover: Home Edition" and, most recently, "Oprah's Big Give." Yet some attempts to capitalize on them have flopped, such as NBC's "Three Wishes" and ABC's "The Benefactor." 





(c) 2008 Reuters
Other news from Entertainment category:
  1. Brad Pitt threatens legal action over family photos - 24, Jul 2008

    LOS ANGELES (Reuters) - Lawyers for Brad Pitt on Thursday threatened legal action against anyone publishing recent photographs they say were taken by paparazzi of the actor and his newly enlarged family at their French estate.

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  2. Kelsey Grammer nearly died after heart attack - 24, Jul 2008

    LOS ANGELES (Reuters) - Television star Kelsey Grammer, best known from "Cheers" and his sitcom "Frasier," nearly died after suffering a heart attack last month, he told U.S. showbiz news program "Entertainment Tonight."

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  3. Rappers, "Mamma Mia!" lead U.S. album chart - 24, Jul 2008

    NEW YORK (Billboard) - One rapper replaced another atop the U.S. pop album chart Wednesday, while the soundtrack to the new movie "Mamma Mia!" soared four places to No. 3.

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  4. Superhero fans, Hollywood execs flock to Comic-Con - 24, Jul 2008

    SAN DIEGO (Reuters) - Like wannabe Dark Knights answering the call of the "bat signal," throngs of grown men wearing tights and capes converge this week to revel in all manner of superhero lore and merchandising at the 39th annual Comic-Con Convention.

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  5. Ferrell, Reilly ad-lib way through "Step Brothers" - 24, Jul 2008

    LOS ANGELES (Reuters) - The script never got in the way of a good fight as comic actors Will Ferrell and John C. Reilly improvised their way through family warfare in the movie "Step Brothers," which opens on Friday.

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  6. Superhero fans, Hollywood execs flock to Comic Con - 23, Jul 2008

    SAN DIEGO (Reuters) - Like wannabe Dark Knights answering the call of the "bat signal," throngs of grown men wearing tights and capes converge this week to revel in all manner of superhero lore and merchandising at the 39th annual Comic Con Convention.

    More

  7. Film explores tensions after 2005 London bombings - 23, Jul 2008

    LONDON (Reuters) - A film inspired by the 2005 London suicide bombings that killed 52 people explores the mistrust they stoked between communities and how Islamist radicals threatened to drown out the voice of moderate Muslims.

    More

  8. Christian Bale denies assault allegation - 23, Jul 2008

    LONDON (Reuters) - Actor Christian Bale, star of the new Batman movie "The Dark Knight," on Tuesday denied allegations of assault made by his mother and sister after he was questioned by London police.

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  9. "Dollhouse" creator Whedon filming series prequel - 23, Jul 2008

    LOS ANGELES (Hollywood Reporter) - Ever since Fox canceled Joss Whedon's 2002 series "Firefly," fans have groused that the network sabotaged the show's chances by airing its episodes out of sequence.

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  10. Hollywood's Walk of Fame gets makeover, new "star" - 23, Jul 2008

    LOS ANGELES (Reuters) - Hundreds of stars on Hollywood's "Walk of Fame" are to undergo a much-needed $4.2 million makeover to repair cracks and holes ahead of the 50th anniversary of the beloved tourist attraction.

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Software News
Attack Code Released for New DNS Attack (PC World)
PC World - Attack code has been released for a major flaw in the Internet's DNS software.
Facebook to help some programmers, punish others (AP)

Mark Zuckerberg, founder and CEO of Facebook, gestures while delivering the keynote address during the annual Facebook f8 developer conference in San Francisco, Wednesday, July 23, 2008.  Facebook announced that 24 Web sites and applications have joined its efforts to make the Web more open and connected through Facebook Connect. (AP Photo/Eric Risberg)AP - Facebook Inc. is introducing more tools to help the software applications fueling the online hangout's popularity and is promising to intensify its efforts to weed out programs that violate its rules for protecting users' privacy.


Facebook expands winning open platform formula (AFP)

Facebook founder Mark Zuckerberg, pictured last year, painted a vision of an Internet future with the website in its soul to a faithful throng of software developers at the Internet firm's annual AFP - Facebook founder Mark Zuckerberg painted a vision of an Internet future with the website in its soul to a faithful throng of software developers at the Internet firm's annual "F8" conference..


Microsoft's Online Woes Hint at Larger Vulnerability (PC World)
PC World - Microsoft has built its massive software business by watching other companies take the lead in emerging technology markets and...
Microsoft exec who led Yahoo bid leaving company (Reuters)
Reuters - Microsoft Corp said on Wednesday that Kevin Johnson, who as president of Microsoft's largest business division spearheaded the company's pursuit of Yahoo Inc , is leaving the software maker.
Sprint's Palm Centro Gets Software Update (TechWeb)
TechWeb - InformationWeek - The update improves IMAP compatibility with Gmail, and provides an updated setup wizard for the Web-based e-mail.