Obama vows support for Israel in Jerusalem visit - HotNews

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Fannie Mae, Freddie Mac shares tumble on bailout fears (Reuters)

Reuters - Shares of Fannie Mae and Freddie Mac slid at the open on Thursday, on mounting fears that the two mortgage finance companies may need a government bailout, which would wipe out shareholder value.

Analysts see tough quarter for U.S. investment banks (Reuters)

Reuters - Wall Street research analysts are projecting yet another tough quarter for U.S. investment banks marked by additional writedowns across a series of fixed-income assets amid an already weak operating environment.

Lehman outlook dims on failed sale report (Reuters)

Reuters - The outlook for Lehman Brothers Holdings Inc darkened further on Thursday as a newspaper reported that an intended asset sale had collapsed and a Citigroup analyst forecast big losses for the group.

Nasdaq falls more than 1 pct as oil gains (Reuters)

Reuters - The Nasdaq extended losses on Thursday, falling more than 1 percent as resurgent crude oil prices pushed above $120 per barrel, heightening fears about the durability of business and consumer spending.

Barnes & Noble profit falls, cuts year sales view (Reuters)
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Global stocks gain, dollar rises towards 2008 peak (Reuters)

Reuters - World stocks edged higher on Wednesday after the previous day's tumble to their lowest level in almost two years attracted some buyers, while rebounding commodity prices helped resource shares.

JERUSALEM (Reuters) - U.S. Democratic presidential candidate Barack Obama pledged staunch support for Israel during a visit to Jerusalem on Wednesday and said, if elected, he would work to invigorate the Middle East peace process.

By Caren Bohan and Adam EntousJERUSALEM (Reuters) - U.S. Democratic presidential candidate Barack Obama pledged staunch support for Israel during a visit to Jerusalem on Wednesday and said, if elected, he would work to invigorate the Middle East peace process.As part of an overseas tour aimed at bolstering his foreign policy credentials, Obama met Israeli Defense Minister Ehud Barak and right-wing opposition leader Benjamin Netanyahu.Netanyahu, a former prime minister, said Obama promised never to seek to damage Israel's security. Both men agreed on the "primacy" of preventing Iran from becoming a nuclear power.Obama was due later to see President Shimon Peres, Foreign Minister Tzipi Livni and Prime Minister Ehud Olmert, who could be forced out of office by a corruption probe."I will share some of my ideas. The most important idea for me to reaffirm is the historic and special relationship between the United States and Israel -- one that cannot be broken," Obama said on arrival on Tuesday night.Obama, who faces Republican John McCain in the November election, is struggling to overcome wariness among some Israelis and some Jewish voters in the United States about the strength of his commitment to Israel.Obama also dismayed Palestinian leaders when he said last month that Jerusalem should be Israel's "undivided" capital.Palestinians want Arab East Jerusalem, captured by Israel in 1967, as the capital of a future state. Obama later said he used "poor phrasing" when he made the remarks.

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Software News

Apple tries to de-bug iPhone (USATODAY.com)
USATODAY.com - Apple acknowledged that a software update for the iPhone partly fixes the connection snags that have caused a global firestorm for the new iPhone 3G.

Salesforce.com stock drops on cautious outlook (AP)
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Google Invites Security Researchers to Debug Android (NewsFactor)

NewsFactor - In a move that could help it avoid an iPhone 3G-like software drama, Google wants bug hunters to test its Android mobile platform. On Monday, the Android Security Team posted a message to introduce itself to the security research and vulnerability communities.

Apple Reportedly Plans Another Fix for the iPhone (NewsFactor)

NewsFactor - The Apple rumor mill is churning, but this week it's about software fixes instead of new products. News reports are raising expectations of yet another iPhone software fix in September.

Centrino 2 Owners Get Free PAN Upgrade in 2009 (PC Magazine)
PC Magazine - Next year, those users who purchased Intel Centrino 2-based laptops will be able to upgrade to a delayed, wireless personal-area-network technology dubbed "Cliffside" that Intel will make available via a software download.

Palm unveils Treo Pro to battle BlackBerry (Reuters)

Reuters - Palm Inc unveiled a Treo smartphone Wednesday based on Microsoft Corp software to compete for business users against rivals such as Research In Motion's BlackBerry.

Afghan civilians said killed in U.S.-led air raid - 21, Aug 2008

U.S. military frees Reuters cameraman in Iraq - 21, Aug 2008

Mideast peace pressure could lead to violence: Livni - 21, Aug 2008

Jamaica sweeps the sprint golds in Beijing - 21, Aug 2008

Russia armor pulls back from Georgia - 21, Aug 2008

Spain mourns air crash victims as probe begins - 21, Aug 2008

Blasts near Pakistan arms plant kill 59 - 21, Aug 2008

Rice says troops deal close - 21, Aug 2008

U.S. firm guilty in defense exports to Chinese man - 21, Aug 2008

Russian army pulls back from central Georgia - 21, Aug 2008