In-form Astros rally to soar over Giants - Sport

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Business News

Wall Street tumbles, led by financials (Reuters)

Reuters - Stocks tumbled more than 2 percent on Thursday after a report showing yet another drop in U.S. home sales prompted investors to take profits in financial shares, which had rallied over the past week.

Microsoft CEO backs Web spending, "done" with Yahoo (Reuters)

Reuters - Chief Executive Steve Ballmer on Thursday defended Microsoft Corp's need to make heavy investments in its Internet businesses but said the company was "done," for now, with pursuing Yahoo Inc .

Wachovia CFO Wurtz to leave (Reuters)
Reuters - Wachovia Corp , which posted a record $8.86 billion second-quarter loss Tuesday, said Chief Financial Officer Thomas Wurtz will resign from the fourth-largest U.S. bank after a successor is named.

Home sales at 10-year low, jobless claims jump (Reuters)

Reuters - Jobless claims jumped and the pace of existing home sales tumbled to a 10-year low as slowing growth hit hiring and a glut of unsold houses weighed on real estate, data released on Thursday showed.

Morgan Stanley aggressively recruiting brokers (Reuters)

Reuters - Morgan Stanley said on Thursday it is poaching brokers from Merrill Lynch and other rivals, accelerating the expansion of its global wealth management business during a period of turbulence on Wall Street.

Jobless claims jump as housing market gets weaker (AP)

AP - Two cornerstones of the economy Â— jobs and housing Â— sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record.

SAN FRANCISCO (Reuters) - The Houston Astros rallied from an early three-run deficit to notch a fourth straight victory with a 7-3 triumph against the San Francisco Giants on Monday.

SAN FRANCISCO (Reuters) - The Houston Astros rallied from an early three-run deficit to notch a fourth straight victory with a 7-3 triumph against the San Francisco Giants on Monday.
High-priced Giants pitcher Barry Zito did not figure in the decision, leaving after six innings with the score tied at 3-3.
However, his disappointing record remained 0-7 for the season.
Houston's Roy Oswalt fared much better after also struggling early in the season.
Oswalt won his fourth in a row after starting the season 0-3. He retired the final 14 batters he faced and struck out six over eight innings.
"That's big not only for us but for Roy," Astros manager Cecil Cooper told reporters.
"He hadn't seen the eighth inning but once, I think."
Zito, who signed a $126 million, seven-year contract with the Giants (16-23) last season., held a 3-0 lead until Miguel Tejada's sacrifice fly gave the Astros their first run in the sixth.
Lance Berkman followed with his 13th homer of the season, a two-run shot, to tie the score. He went 3-for-4 for the game to continue his hot-hitting streak.

Other news from Sport category:

Tribune trims list of Cubs bidders: sources - 25, Jul 2008
CHICAGO (Reuters) - Tribune Co on Wednesday narrowed the potential list of bidders for the storied Chicago Cubs baseball team to 3-5 groups bidding $1 billion or more, according to sources briefed on the matter.

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Iraq banned from Beijing Games, says NOC chief - 25, Jul 2008
BAGHDAD (Reuters) - Iraq have been banned from next month's Beijing Games because of a government decision to disband the country's National Olympic Committee (NOC), a senior official said on Thursday.

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Daly risks injury to play in Moscow - 25, Jul 2008
NAKHABINO, Russia (Reuters) - Twice major winner John Daly is defying doctors' advice and risking serious injury to play in the Russian Open this week.

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Mets beat Phillies to go top of NL East - 25, Jul 2008
NEW YORK (Reuters) - The New York Mets scored two runs in the eighth inning to beat the Philadelphia Phillies 3-1 on Thursday and grab sole possession of first place in the National League East for the first time since April 19.

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Marin Cilic shocks Andy Roddick as upsets continue in Toronto - 25, Jul 2008
TORONTO (Reuters) - A racket-smashing Andy Roddick was shocked 6-4 4-6 6-4 by 19-year-old Croat Marin Cilic in the third round of the Toronto Masters on Thursday.

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Hardy is no doper: swimmer's agent - 24, Jul 2008
SINGAPORE (Reuters) - The agent of U.S. Olympic swimmer Jessica Hardy leapt to her defense on Thursday after media reports said she had tested positive for a banned substance.

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Jankovic shakes off rust to battle past King - 24, Jul 2008
LOS ANGELES (Reuters) - Top seed Jelena Jankovic overcame some early jitters before battling to a 7-5 6-2 victory over Vania King at the Los Angeles Classic on Wednesday, the Serb advancing to the third round on a day of several upsets.

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Hamm eyes gold after tarnished dream - 24, Jul 2008
LONDON (Reuters) - Paul Hamm discovered the true meaning of the saying 'all that glitters is not gold' at the Athens Olympics.

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Ben Johnson's rise and fall still casts long shadow - 24, Jul 2008
LONDON (Reuters) - A few weeks before the 1988 Seoul Olympic Games, Ben Johnson's race against Carl Lewis over 100 meters in Zurich was one of the most eagerly awaited sporting events of the year.

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Federer suffers Toronto upset, Nadal wins - 24, Jul 2008
TORONTO (Reuters) - The end of Roger Federer's long reign as world number one moved closer when he suffered a shock second-round defeat by Frenchman Gilles Simon at the Toronto Masters on Wednesday.

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Software News

Hasbro Orders Facebook to Remove 'Scrabulous' (PC Magazine)
PC Magazine - While "DMCA" may not be a valid word in "Scrabble," it may be the "Scrabulous" software that loses a turn -- or all of them.

Why iPhone 2.0 won't yet rule the roost in the enterprise (InfoWorld)
InfoWorld - Most of the world, it seemed, drank the Steve Jobs Kool-Aid about the new iPhone being a BlackBerry killer when the Apple CEO first announced the device earlier this year. But after nearly two weeks with the new iPhone 2.0 software on my iPod Touch, I can tell you that Apple has not yet delivered on that promise.

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)

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)

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...

Tribune trims list of Cubs bidders: sources - 25, Jul 2008

Iraq banned from Beijing Games, says NOC chief - 25, Jul 2008

Daly risks injury to play in Moscow - 25, Jul 2008

Mets beat Phillies to go top of NL East - 25, Jul 2008

Marin Cilic shocks Andy Roddick as upsets continue in Toronto - 25, Jul 2008

Hardy is no doper: swimmer's agent - 24, Jul 2008

Jankovic shakes off rust to battle past King - 24, Jul 2008

Hamm eyes gold after tarnished dream - 24, Jul 2008

Ben Johnson's rise and fall still casts long shadow - 24, Jul 2008

Federer suffers Toronto upset, Nadal wins - 24, Jul 2008