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Business News
HP challenges IBM with $12.6 billion EDS deal (Reuters)

An employee walks past a Hewlett-Packard logo during the second day of the International Telecommunication Union (ITU) Telecom World 2006 in Hong Kong December 5, 2006. (Paul Yeung/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 .


Wal-Mart profit up, but shares fall (Reuters)

A sign marks Wal-Mart's headquarters in Bentonville, Arkansas in this June 1, 2007 file photo. (Jessica Rinaldi/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.


Stock futures lower on banks, Wal-Mart (Reuters)

Traders work on the floor of the New York Stock Exchange, April 3, 2008. (Keith Bedford/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.


Bernanke says markets healing but still not well (Reuters)

Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, April 3, 2008. (Jonathan Ernst/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.


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.
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.
Myanmar says no need for foreign aid distribution - 09, May 2008

YANGON (Reuters) - Myanmar will accept foreign aid but distribute relief itself, an official newspaper said on Friday, after a disaster rescue team from Qatar that arrived in Yangon on an aid flight was turned back.



By Aung Hla TunYANGON (Reuters) - Myanmar will accept foreign aid but distribute relief itself, an official newspaper said on Friday, after a disaster rescue team from Qatar that arrived in Yangon on an aid flight was turned back."Myanmar is not in a position to receive rescue and information teams from foreign countries at the moment," the government-run Myanma Ahlin newspaper said in a report on the aid operation slowly building up for survivors of Cyclone Nargis."But at present Myanmar is giving priority to receiving relief aid and distributing them to the storm-hit regions with its own resources," the newspaper said.The Qatar plane was one of 12 international relief flights that landed in the former capital on Thursday, it said.Outside frustration is mounting at delays by the generals in giving visas to aid workers and landing rights for flights, including those from the U.S. military, which has supply planes on standby in neighboring Thailand.Survivors of last Saturday's cyclone have largely been fending for themselves in the swampy delta."They are gone. They are gone," U Thein, who lost her 8-year-old son and 3-month-old daughter in the cyclone, whispered in her village near hard-hit Labutta town in the delta.Around her, in hushed tones, villagers say more than 100 of their friends and relatives were killed in Saturday's carnage. The sea surge and 120 mph (190 kmh) winds ripped the tiny village apart, tearing down coconut groves and ripping the roofs off buildings, including the local primary school. 





(c) 2008 Reuters
Other news from HotNews category:
  1. Lebanese army begins drive to restore order - 13, May 2008

    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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  2. Shi'ite gunmen in Baghdad ignore truce - 13, May 2008

    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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  3. Rain lashes Myanmar cyclone survivors - 13, May 2008

    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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  4. Clinton aims for big win in West Virginia - 13, May 2008

    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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  5. Marijuana may up heart attack, stroke risk: study - 13, May 2008

    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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  6. Bush heads back to Mideast amid fading peace hopes - 13, May 2008

    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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  7. U.S. revives reward plan for Rwanda suspects - 13, May 2008

    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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  8. Lebanese army starts drive to end armed presence - 13, May 2008

    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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  9. McCain runs strong despite low Bush ratings: poll - 13, May 2008

    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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  10. Two more U.S. aid flights set to fly to Myanmar - 13, May 2008

    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...
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...
Microsoft software gives free tours of space (Reuters)

A screen grab of WorldWide Telescope's web site. (www.worldwidetelescope.org/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.


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.
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.
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.