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Business News
Wall Street tumbles, led by financials (Reuters)

The sun lights the exterior of the New York Stock Exchange, as people walk past on the shadowed street, July 16, 2008. (Chip East/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)

Microsoft Chief Executive Officer Steve Ballmer speaks during the launch ceremony of Microsoft's new research and development centre in Herzliya near Tel Aviv May 21, 2008. Ballmer on Thursday defended the company's need to make steep investments in its Internet business in order to compete with Google Inc and said such moves could boost its value in time. (Gil Cohen Magen/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)

A newly built home sits vacant with a 'for sale' sign in front, in the Courtland Ridge development in Alpine, Utah, March 26, 2008. (George Frey/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)

People walk past the world headquarters for Morgan Stanley  and  Co. Incorporated in New York in this May 19, 2008 file photo. (Lucas Jackson/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)

Brochures sit in a rack outside an existing home for sale in Denver on Sunday, July 20, 2008. Sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades. (AP Photo/David Zalubowski)AP - Two cornerstones of the economy — jobs and housing — sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record.


Iraqi forces detain 1,000 in al Qaeda push - 18, May 2008

BAGHDAD (Reuters) - Iraqi forces have detained more than 1,000 suspects in an offensive aimed at crushing al Qaeda in northern Iraq, the military commander of the operation said on Saturday.



By Aws Qusay and Khalid al-Ansary
BAGHDAD (Reuters) - Iraqi forces have detained more than 1,000 suspects in an offensive aimed at crushing al Qaeda in northern Iraq, the military commander of the operation said on Saturday.
Prime Minister Nuri al-Maliki returned to Baghdad on Saturday after spending several days in the city of Mosul and surrounding Nineveh province to supervise the crackdown.
Many gunmen from Sunni Islamist al Qaeda have regrouped in Nineveh after being pushed out of other areas. The U.S. military says Mosul is al Qaeda's last major urban stronghold in Iraq.
Lieutenant-General Riyadh Jalal Tawfiq, head of the Iraqi-led offensive that began a week ago, said 1,068 suspects had been detained so far.
"This operation will last until we finish off all the terrorist remnants and outlaws," he said.
On Friday, Maliki said fighters who handed in their weapons within 10 days would be given an amnesty and unspecified cash rewards. His offer applies to gunmen who have not killed anyone.
Defense Ministry spokesman Major-General Mohammed al-Askari said scores of militants had already handed over their guns.
"We are committed to the amnesty and have reassured them there will be no judicial pursuit against them," he said, adding the government would soon make public the compensation available for different kinds of weapons handed in. 





(c) 2008 Reuters
Other news from HotNews category:
  1. U.S. wants counterterror funds for Pakistan F-16s - 25, Jul 2008

    WASHINGTON (Reuters) - The Bush administration has proposed shifting $226.5 million in U.S. counterterrorism aid to Pakistan to upgrade Pakistani F-16 fighters, U.S. officials said on Thursday.

    More

  2. WTO trade talks limp into another day - 25, Jul 2008

    GENEVA (Reuters) - Talks to salvage a global trade deal will limp into another day on Friday after ministers made minimal progress on Thursday in their bid to prevent the suspension of the World Trade Organisation round.

    More

  3. Bin Laden driver was not read rights, court told - 25, Jul 2008

    GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - Osama bin Laden's driver was not told of any rights against self-incrimination under years of interrogation, FBI agents told the Guantanamo war crimes court on Thursday.

    More

  4. Senate on course to vote Saturday on housing bill - 25, Jul 2008

    WASHINGTON (Reuters) - The Senate was on course for a Saturday vote to approve a major housing market rescue bill offering a lifeline to mortgage finance giants Fannie Mae and Freddie Mac, and bond market action on Thursday indicated investors were encour

    More

  5. House bid to sell oil from reserve fails - 25, Jul 2008

    WASHINGTON (Reuters) - The House of Representatives on Thursday failed to pass legislation intended to cool off gasoline prices by requiring the government to sell 70 million barrels of light sweet crude oil from the Strategic Petroleum Reserve, the natio

    More

  6. Obama presses Europe on Afghanistan in Berlin - 25, Jul 2008

    BERLIN (Reuters) - U.S. presidential candidate Barack Obama urged Europe to stand by the United States in stabilizing Afghanistan in a speech to over 200,000 in Berlin that stressed the need for unity in the face of new threats.

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  7. Ex U.S. official: Afghan leader shields drug trade - 24, Jul 2008

    WASHINGTON (Reuters) - The U.S. government's former point man in the fight against the heroin trade in Afghanistan has accused Afghan President Hamid Karzai of obstructing counter-narcotics efforts and protecting drug lords.

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  8. Flooding feared along U.S.-Mexico border from Dolly - 24, Jul 2008

    BROWNSVILLE, Texas (Reuters) - After Hurricane Dolly unleashed a fury of damaging winds and wicked rain on the U.S.-Mexico coastline and diminished to a tropical storm, widespread flooding along the populous Rio Grande Valley became the top concern on Thu

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  9. "Big divergences" push WTO talks towards crisis - 24, Jul 2008

    GENEVA (Reuters) - Talks to salvage a global trade deal faced a crunch point on Thursday after three days of scant progress, and French President Nicolas Sarkozy said he would not sign a deal in its current form.

    More

  10. Obama to demand more from Europe in Berlin speech - 24, Jul 2008

    BERLIN (Reuters) - U.S. presidential candidate Barack Obama is expected to call on Europe to do more in hotspots like Afghanistan when he speaks in Berlin on Thursday in his only formal address of a week-long foreign tour.

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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)

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...