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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.


Hollywood actors and studios clash over Internet clips - 13, May 2008

LOS ANGELES (Reuters) - Getting Hollywood actors paid for their smallest performances -- video clips on the Internet -- is shaping up as one their biggest sticking points in stalemated contract negotiations with major studios.



By Steve Gorman
LOS ANGELES (Reuters) - Getting Hollywood actors paid for their smallest performances -- video clips on the Internet -- is shaping up as one their biggest sticking points in stalemated contract negotiations with major studios.
Whether actors must give consent for snippets of their film and TV work to be displayed online, and how much they should earn for them, was the No. 1 disputed issue cited by the Screen Actors Guild after labor talks broke down last Tuesday.
Studios want to freely distribute YouTube-style clips of old TV shows and movies without seeking actors' permission and pay them a flat fee rather than bargain on a price with each performer individually.
The actors' union staunchly opposes that move.
"What they're asking us to do is erase 50 years of our customs and practice," SAG President Alan Rosenberg said in a recent interview.
The debate is the latest example of how the economics of traditional media are being upended by the growing popularity of video-sharing Web sites like YouTube, and how audiences' tastes and habits are being transformed in the process.
According to Internet marketing research firm comScore, 134 million Americans view online videos each month, with YouTube alone attracting 80 million unique visitors monthly.
The bulk of what they see consists of homemade footage and unauthorized clips of TV shows and movies, some of it blended into video "mash-ups" like the popular "Brokeback to the Future" parody trailer poking fun at the "Back to the Future" movies and the gay cowboy romance "Brokeback Mountain." 





(c) 2008 Reuters
Other news from Internet category:
  1. Penn museum to share cultural treasures via internet - 09, Jul 2008

    PHILADELPHIA (Reuters) - The University of Pennsylvania's Museum of Archaeology and Anthropology is dragging itself into the 21st century with an ambitious plan to share its treasures with the world via the internet.

    More

  2. France's first lady launches new album on Web - 09, Jul 2008

    PARIS (Reuters) - France's first lady Carla Bruni-Sarkozy gave Internet users a free hearing of her new album on Wednesday ahead of its official launch later this week.

    More

  3. "Family Guy" creator makes bold move online - 09, Jul 2008

    LOS ANGELES (Hollywood Reporter) - When September rolls around, the most anticipated new program of the fall season will be on the Internet instead of television.

    More

  4. Russian blogger sentenced for "extremist" post - 08, Jul 2008

    MOSCOW (Reuters) - A Russian man who described local police as "scum" in an Internet posting was given a suspended jail sentence on Monday for extremism, prompting bloggers to warn of a crackdown on free speech online.

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  5. WITNESS: Virtual friends in a cancer world - 06, Jul 2008

    Janet Guttsman is bureau chief for Reuters in Canada, and has worked for the company in Germany, Russia and the United
    States. When she's not running the Canadian news file, she enjoys long bicycling trips in Canada and beyond. In the
    following story,

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  6. Number of newspaper analysts dwindles - 04, Jul 2008

    NEW YORK (Reuters) - Want to buy newspaper stocks? You should see an analyst. Trouble is there aren't many around anymore.

    More

  7. Canadian fiddler looks for quick payday via eBay - 03, Jul 2008

    TORONTO (Reuters) - A Canadian fiddler who is no stranger to controversy has put half his future music earnings up for sale on eBay, the auction website.

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  8. L.A. Times to cut 250 jobs, 150 in editorial - 03, Jul 2008

    LOS ANGELES (Reuters) - The Los Angeles Times will slash 250 jobs, including 150 in the newsroom, and trim its published pages by 15 percent in an effort to save money in the face of declining revenues, the newspaper said on Wednesday.

    More

  9. Google-Yahoo deal subject of antitrust probe - 02, Jul 2008

    WASHINGTON (Reuters) - The U.S. Justice Department has opened a formal antitrust investigation into a deal between Google and Yahoo to share some advertising revenue, The Washington Post reported on Wednesday.

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  10. Hollywood studio, Google forge new ground on Web - 01, Jul 2008

    LOS ANGELES (Reuters) - A major Hollywood studio and online search engine Google Inc on unveiled separate moves on Monday to put movie and TV-like content on the Web, highlighting the way in which both see the Internet as critical to reaching customers.

    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.