Lebanon government denounces Hezbollah "coup" in Beirut - HotNews

KDB ends talks with Goldman on Daewoo sale (Reuters)
Reuters - A top shareholder in Daewoo Shipbuilding and Marine Engineering Co Ltd (042660.KS) said on Sunday it had withdrawn from talks to have Goldman Sachs manage the sale of the South Korean shipbuilder.

Westpac may have to boost $17.6 billion St George bid (Reuters)

Reuters - Westpac Banking Corp Ltd , which has bid $17.6 billion for St George Bank in the biggest banking takeover ever in Australia, is bracing for rival offers to emerge that could push the price tag even higher.

Fed's Lockhart says world will feel U.S. slowdown (Reuters)

Reuters - U.S. exports have been helped by a weaker dollar and this is providing a boost to an otherwise weak economy, Federal Reserve Bank of Atlanta President Dennis Lockhart said on Saturday.

Wall St ends flat as energy gains offset sentiment (Reuters)

Reuters - Stocks finished little changed on Friday as surging oil prices lifted energy shares and offset data that showed consumer confidence sank to its lowest in 28 years.

Consumers' mood as grim as early-80s (Reuters)

Reuters - U.S. consumer confidence tumbled to a 28-year low this month as rising prices strained household finances, while another drop in single-family housing starts underscored problems still plaguing the economy.

Treasury secretary says markets are calmer now (AP)

AP - Treasury Secretary Henry Paulson said Friday that financial markets are "considerably calmer" now than they were two months ago. He predicted the economy will be rebounding by the second half of this year.

BEIRUT (Reuters) - Lebanon's Iranian-backed Hezbollah group took control of the Muslim half of Beirut on Friday in what the U.S.-backed governing coalition described as "an armed and bloody coup".

By Tom PerryBEIRUT (Reuters) - Lebanon's Iranian-backed Hezbollah group took control of the Muslim half of Beirut on Friday in what the U.S.-backed governing coalition described as "an armed and bloody coup".The United States pointed to Hezbollah's links with Iran and Syria, and said it was talking with other powers about taking measures against "those responsible for the violence".At least 18 people have been killed and 38 wounded in three days of battles between pro-government gunmen and fighters loyal to Hezbollah, a Shi'ite movement with a powerful guerrilla army.The violence follows 17 months of political deadlock between the Hezbollah-led opposition, which demands more say in government, and the ruling coalition. It has paralyzed the country and left it without a president.Lebanon's worst internal strife since the 1975-90 civil war erupted this week after the government decided to dismantle Hezbollah's military communications network. The group said the government had declared war.In scenes reminiscent of the civil war, men with rifles roamed the streets amid smashed cars and smoldering buildings.Fighting died down as outgunned government supporters handed over their weapons and offices to the army, which has tried to remain neutral in the conflict.SYRIA AND IRAN

Other news from HotNews category:

India to resume Pakistan peace talks - 18, May 2008
ISLAMABAD (Reuters) - India's foreign minister travels to Pakistan this week for his first meeting with leaders of a new civilian government and to review a peace process that has been in the doldrums for more than a year.

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Obama plans Iowa trip with victory in sight - 18, May 2008
PORTLAND, Oregon (Reuters) - Barack Obama will make a symbolic trip to Iowa on Tuesday, revisiting the state that launched his underdog bid for the White House on a day he hopes will put him over the top in the number of delegates needed to help clinch th
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Bush and Pakistan's Gilani pledge to fight terror - 18, May 2008
SHARM EL-SHEIKH, Egypt (Reuters) - President George W. Bush and Pakistani Prime Minister Yousaf Raza Gilani on Sunday pledged to fight terrorism with strong relations between the two nations in the aftermath of elections that seated new leaders in Islama
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Pressure mounts on Myanmar to accept help - 18, May 2008
YANGON (Reuters) - Aid was trickling in on Sunday to an estimated 2.5 million people left destitute by Cyclone Nargis in Myanmar's Irrawaddy delta as more foreign envoys tried to get the junta to admit large-scale international relief.

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Aftershocks rock China as toll rises - 18, May 2008
BEICHUAN, China (Reuters) - Thousands of soldiers and families looking for missing kin streamed into one of the worst affected areas of China's massive earthquake on Sunday, as a strong new aftershock hit and the death toll neared 30,000.

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Zimbabwe's Tsvangirai delays return over "plot" - 18, May 2008
HARARE (Reuters) - Zimbabwean opposition leader Morgan Tsvangirai postponed his return home on Saturday to contest an election run-off after his party said it had discovered an assassination plot against him.

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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.

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Bush says committed to Middle East peace efforts - 18, May 2008
SHARM EL-SHEIKH, Egypt (Reuters) - U.S. President George W. Bush, responding to Arab dismay about his praise for Israel, said on Saturday he was confident a deal on Palestinian statehood could be reached before he leaves office.

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Myanmar death toll soars - 18, May 2008
YANGON (Reuters) - Diplomats witnessed "huge" devastation in the Irrawaddy delta on Saturday and the toll of dead and missing from the cyclone rose above 133,000 people, making it one of the most damaging to hit Asia.

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Sen. Kennedy hospitalized after seizure - 18, May 2008
BOSTON (Reuters) - Sen. Edward Kennedy, a leading Democrat, suffered a seizure on Saturday but hours later was talking with family at his side in a Boston hospital.

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Software News

Strong prospects in software to spy on bank staff (Reuters)

Reuters - If you work for a bank, a computer may be reading your e-mails, listening to your phone calls or analyzing chat conversations as you type.

Deadline passes in EA bid to buy Take-Two Interactive shares (AFP)

AFP - A deadline for Take-Two Interactive Software shareholders to agree to a buyout by video game giant Electronic Arts has passed with neither firm commenting on the takeover bid's fate.

Compuware 2.0 set as rebirth of company (InfoWorld)
InfoWorld - Looking to sharpen its business focus, Compuware this week launched its "Compuware 2.0" campaign, which is being characterized by the 35-year-old software tools vendor as a rebirth of the company.

Windows XP SP3 Causes 'Blue Screen Of Death' On AMD-Based PCs (TechWeb)
TechWeb - InformationWeek - HP says the problem could occur because XP SP3 tries to place on computers a power management driver that's only supposed to run on PCs that use Intel chips.

Bender Forms Group to Promote OLPC's Sugar UI (PC World)
PC World - Former One Laptop Per Child President of software and content Walter Bender has launched Sugar Labs, an organization that will...

Frustrated With Your Content Management Software Vendor? You're Not Alone (TechWeb)
TechWeb - InformationWeek - A developer from an Australian university shares his top five reasons a certain content management company will go out of business.

India to resume Pakistan peace talks - 18, May 2008

Obama plans Iowa trip with victory in sight - 18, May 2008

Bush and Pakistan's Gilani pledge to fight terror - 18, May 2008

Pressure mounts on Myanmar to accept help - 18, May 2008

Aftershocks rock China as toll rises - 18, May 2008

Zimbabwe's Tsvangirai delays return over "plot" - 18, May 2008

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

Bush says committed to Middle East peace efforts - 18, May 2008

Myanmar death toll soars - 18, May 2008

Sen. Kennedy hospitalized after seizure - 18, May 2008