Obama in West Virginia with eye on McCain - HotNews

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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.

CHARLESTON, West Virginia (Reuters) - Democratic front-runner Barack Obama made a brief stop in West Virginia on Monday before an expected bad loss there to rival Hillary Clinton, but looked past the contest to plan for November's presidential campaign.

By Deborah CharlesCHARLESTON, West Virginia (Reuters) - Democratic front-runner Barack Obama made a brief stop in West Virginia on Monday before an expected bad loss there to rival Hillary Clinton, but looked past the contest to plan for November's presidential campaign.During a six-hour West Virginia trip, Obama announced he would visit the crucial November battleground states of Missouri, Florida and Michigan over the next week as he eyes a likely general election fight with Republican John McCain."There is an election here tomorrow. I am extraordinarily honored that some of you will support me," he told a rally in Charleston. "I understand that many more here in West Virginia will probably support Senator Clinton."Clinton, a New York senator who has vowed to keep fighting despite dwindling prospects and a mounting campaign debt, also hunted for votes in West Virginia and showed no signs she was ready to call it quits despite some calls from Democrats for her to step aside."We need a president who can get in there and on day one roll up her sleeves and get to work for you -- and that's what I'm going to do," she said in Clear Fork, West Virginia.Obama has a big lead on Clinton in their duel for the Democratic presidential nomination but appears headed to a bad defeat in West Virginia, where polls show her ahead by more than 20 points.Voting ends in West Virginia on Tuesday at 7:30 p.m. EDT (2330 GMT) with results expected shortly afterward.A big win for Clinton would not change her daunting task in trying to catch the Illinois senator, who has an almost insurmountable lead in delegates who will select the nominee at the party convention in August.

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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)
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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...

U.S. wants counterterror funds for Pakistan F-16s - 25, Jul 2008

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

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

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

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

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

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

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

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

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