| Business News |
HP challenges IBM with $12.6 billion EDS deal
(Reuters)
 Reuters - Hewlett-Packard Co has struck
a deal to buy Electronic Data Systems Corp for $12.6
billion, seeking to boost its technology services business to
better compete against market leader IBM .
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Wal-Mart profit up, but shares fall
(Reuters)
 Reuters - Wal-Mart Stores Inc , the
world's largest retailer, reported a 7 percent rise in
quarterly profit on Tuesday as discounts drew U.S. shoppers
looking for bargains on necessities like food and pharmacy
items.
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Stock futures lower on banks, Wal-Mart
(Reuters)
 Reuters - Stock index futures fell on Tuesday
after Oppenheimer & Co slashed its price targets on a number of
brokerages and on concern about Wal-Mart Stores Inc's
outlook.
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Bernanke says markets healing but still not well
(Reuters)
 Reuters - U.S. Federal Reserve
Chairman Ben Bernanke said on Tuesday that emergency Fed
liquidity measures have helped relieve strain in financial
markets, but the recovery process remains incomplete.
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Retail sales show resiliency
(Reuters)
Reuters - Total sales at U.S. retailers
weakened modestly in April, the government reported on Tuesday,
but outside the hard-pressed auto sector they showed more
resiliency than many analysts had anticipated.
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Retail sales dip for second time in 2 months
(AP)
AP - Consumers, battling soaring gasoline prices and a slumping economy, cut back further on their spending in April.
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| Gas tax battle was a political gift to Obama - 09, May 2008 |
By John Whitesides, Political Correspondent
WASHINGTON (Reuters) - The heated presidential campaign battle over a federal gas tax holiday turned out to be a much needed gift for Barack Obama -- and he can thank Democratic rival Hillary Clinton.
The fight, which dominated the final days before the North Carolina and Indiana contests, gave him an opening to talk about the economy with working-class voters and helped Obama at least temporarily bury the controversy about his former pastor, the Rev. Jeremiah Wright.
Democratic strategists said Obama's focus on the economy as he rejected a summer-long suspension of the gas tax as a "political gimmick" will make him a better candidate heading into a likely battle against Republican John McCain in November.
"The game changer in the last week was when Clinton went after him on the gas tax," said Simon Rosenberg, head of the Democratic advocacy group NDN. "Obama pivoted very well to the economy and figured out how to talk about the struggles of everyday people."
As he engaged Clinton on the gas tax, Obama shifted his campaign events in Indiana and North Carolina to smaller settings where he took a more personal approach to talking to voters about their economic anxieties.
Rosenberg said Obama's closing ads on the economy in both states were particularly effective. Obama did not air an economic ad in the final days of last month's campaign in Pennsylvania, where he lost badly to Clinton.
"The new Obama, who has survived Jeremiah Wright and now has a powerful economic argument, is a significantly better candidate than he was three weeks ago," Rosenberg said.
"Clinton is the one who moved the national conversation from Jeremiah Wright. Her campaign did that. It was the greatest gift," he said.
(c) 2008 Reuters
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| Other news from HotNews category: |
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BEIRUT (Reuters) - Lebanon's army stepped up patrols on Tuesday as part of a drive to restore order after a week of fighting between Hezbollah fighters and pro-government gunmen.
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BAGHDAD (Reuters) - An agreement aimed at ending fighting in the Baghdad bastion of Iraqi Shi'ite cleric Moqtada al-Sadr was on the verge of collapse on Tuesday after gunmen launched a spate of attacks on U.S. troops.
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YANGON (Reuters) - Heavy rains pelted homeless cyclone survivors in Myanmar's Irrawaddy delta on Tuesday, complicating already slow delivery of aid to more than 1.5 million people facing hunger and disease.
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CHARLESTON, West Virginia (Reuters) - Democratic front-runner Barack Obama made a quick stop in West Virginia on Monday ahead of an expected bad loss there to White House rival Hillary Clinton, but he was already looking past the contest to November's fig
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WASHINGTON (Reuters) - Heavy marijuana use can boost blood levels of a particular protein, perhaps raising a person's risk of a heart attack or stroke, U.S. government researchers said on Tuesday.
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WASHINGTON (Reuters) - President George W. Bush heads back to the Middle East on Tuesday facing broad skepticism over his chances of securing an Israeli-Palestinian peace deal before he leaves office in less than nine months.
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WASHINGTON (Reuters) - The United States announced on Monday it had revived a program offering rewards of up to $5 million a head for information leading to the arrest of 13 suspects in Rwanda's genocide.
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BEIRUT (Reuters) - Lebanon's army began taking steps on Tuesday to stop gunmen and groups from illegally carrying arms and to end -- by force if necessary -- a week of fighting between Hezbollah fighters and pro-government gunmen.
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WASHINGTON (Reuters) - Presumptive Republican presidential nominee John McCain remains a strong candidate despite a gloomy national mood and record low ratings for President George W. Bush, according to a Washington Post-ABC New poll released on Monday.
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YANGON (Reuters) - Two more American aid flights were due to leave for cyclone-hit Myanmar on Tuesday where the reclusive military government is keeping most foreign aid workers away from the devastated Irrawaddy delta.
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| Software News |
Study: US Corporate Software Spending Slowing
(PC World)
PC World - One in four respondents to a new US corporate IT spending survey by ChangeWave Research said their company will spend less on...
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Microsoft Faces Another Interoperability Complaint in Europe
(PC World)
PC World - Microsoft's reluctance to make its Office suite interoperable with competing products has prompted a British government agency...
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Microsoft software gives free tours of space
(Reuters)
 Reuters - Any Star Trek fan knows that space
travel is not always easy, but Microsoft Corp wants to make
traveling the "final frontier" as simple as turning on your
computer.
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SOA Software buys LogicLibrary
(InfoWorld)
InfoWorld - Matching up critical components in the SOA space, SOA Software, which provides SOA governance automation, said Monday it has acquired SOA repository and governance vendor LogicLibrary.
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Microsoft readies service packs for dev tools
(InfoWorld)
InfoWorld - Microsoft released Monday beta versions of separate service packs for the Visual Studio 2008 software development platform and the accompanying .Net Framework 3.5, a Microsoft official said in a blog.
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Google's Friend Connect To Spread Social Data
(TechWeb)
TechWeb - InformationWeek - The software is part of an emerging set of technologies like OpenID, OAuth, OpenSocial, and the data access APIs published by Facebook, Google, and MySpace.
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