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Business News
Oil slumps on easing storm worry and dollar (Reuters)

A New York City cab driver fills his taxi up with gas at a Hess station in New York July 2, 2008. (Shannon Stapleton/Reuters)Reuters - Oil tumbled more than $5 on Tuesday, pushing losses so far this week to about $10, as forecasters said an Atlantic hurricane would steer clear of offshore oil platforms and the greenback gained against other currencies.


Alcoa's profit off but tops forecasts (Reuters)

People leave the Alcoa Business Services Center in Pittsburgh, Pennsylvania, February 13, 2007. (Jason Cohn/Reuters)Reuters - Aluminum producer Alcoa Inc on Tuesday posted a smaller-than-expected drop in second-quarter profit, lifting its shares, as higher aluminum prices and sales volumes offset higher costs.


Anheuser-Busch sues InBev over takeover attempt (Reuters)

Bud Light and Budweiser beer is shown in a cooler at the Toluca Mart liquor store in Los Angeles, California June 16, 2008. (Fred Prouser/Reuters)Reuters - Anheuser-Busch Cos Inc sued InBev NV in an effort to stop its Belgian-Brazilian suitor from taking any more steps to replace the U.S. brewer's board of directors, which had rejected a $46.3 billion takeover offer from InBev.


Stocks rise on banks and lower oil (Reuters)

Traders work on the floor of the New York Stock Exchange, July 8, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rose in another turbulent session on Tuesday as a pullback in oil prices eased worries about consumer and business spending, while financial shares gained after the Fed chairman said he may keep open a lifeline for banks.


Traders plead guilty to foreign exchange scam (Reuters)
Reuters - Two currency traders pleaded guilty on Tuesday to defrauding investors, admitting their firm engaged in almost no trading and that they misappropriated money from investors and used it to buy luxury homes and cars, federal prosecutors said.
Paulson says U.S. home foreclosures to stay high (Reuters)

Treasury Secretary Henry Paulson gestures during a joint news conference with Britain's Chancellor of the Exchequer Alistair Darling at Lancaster House in central London July 3, 2008. (Dominic Lipinski/Pool/Reuters)Reuters - U.S. Treasury Secretary Henry Paulson said on Tuesday that home foreclosure starts may hit 2.5 million this year, many of them the borrowers' own fault for taking out loans they couldn't afford.


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.



By Svea Herbst-BaylissBOSTON (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.Kennedy, 76, was rushed from the family vacation compound at Hyannisport, Massachusetts, to Cape Cod Hospital at 9 a.m., before being airlifted to Boston."He is undergoing a battery of tests at Massachusetts General Hospital to determine the cause of the seizure," his office in Washington said in a statement.A Kennedy aide said later that by Saturday afternoon the senator was joking with family members.Senate Democratic Leader Harry Reid, after talking with Kennedy's wife, Vicki, told reporters in Reno, Nevada, that the senator "will be fine," a Reid aide said.Reid said the senator had a seizure, but "woke up fighting," the aide added.The Boston Globe reported Kennedy, youngest brother of assassinated President John F. Kennedy, suffered one seizure at his Cape Cod home and a second seizure aboard the helicopter transport flight to Boston.Family members gathered at the hospital. His sons Edward Kennedy Jr. and Patrick and daughter Kara as well as his nephew Joe Kennedy and niece Caroline Kennedy came to the hospital, according a Reuters photographer at the scene. 





(c) 2008 Reuters
Other news from HotNews category:
  1. G8 to impose sanctions on Mugabe circle - 09, Jul 2008

    HARARE (Reuters) - The Group of Eight rich nations agreed on Tuesday to impose sanctions against Zimbabwe's leadership because of violence during the widely condemned re-election of President Robert Mugabe.

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  2. Panel urges new law on government war powers - 09, Jul 2008

    WASHINGTON (Reuters) - The president should be forced by law to consult Congress before going to war, a bipartisan panel including several prominent former U.S. officials said on Tuesday.

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  3. Iran says will hit Tel Aviv and U.S. ships if attacked - 09, Jul 2008

    TEHRAN (Reuters) - Iran will hit Tel Aviv, U.S. shipping in the Gulf and American interests around the world if it is attacked over its disputed nuclear activities, an aide to Iran's Supreme Leader was quoted as saying on Tuesday.

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  4. Coalition to lobby for health-care reform - 09, Jul 2008

    WASHINGTON (Reuters) - A coalition of unions, think tanks and other groups launched an advertising campaign on Tuesday saying they want to ensure that health-care reform tops the U.S. political agenda after the November elections.

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  5. Hurricane Bertha weakens in Atlantic - 09, Jul 2008

    MIAMI (Reuters) - Hurricane Bertha weakened rapidly as it headed in the direction of Bermuda on Tuesday, just a day after suddenly burgeoning into the first major hurricane of the 2008 Atlantic storm season, forecasters said.

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  6. G8 set for showdown with poorer states over climate - 09, Jul 2008

    TOYAKO, Japan (Reuters) - Big emerging economies will come under pressure on Wednesday to respond in kind to an initiative by rich countries to work towards a target of at least halving their global greenhouse gas emissions by 2050.

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  7. Iraq insists on U.S. withdrawal timetable - 09, Jul 2008

    BAGHDAD (Reuters) - Iraq will not accept any security agreement with the United States unless it includes dates for the withdrawal of foreign forces, the government's national security adviser said on Tuesday.

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  8. U.S., Czechs missile deal upsets Moscow - 09, Jul 2008

    PRAGUE (Reuters) - The United States signed a pact on Tuesday to build part of a U.S. missile defense shield in the Czech Republic, prompting neighboring Russia to warn it will react with military means if the shield is deployed.

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  9. Obama rejects charges of flip-flopping - 09, Jul 2008

    POWDER SPRINGS, Georgia (Reuters) - Democratic presidential hopeful Barack Obama rejected charges on Tuesday that he has shifted positions on Iraq and other issues as part of a move to the center now that he is his party's nominee.

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  10. Obama proposes easing consumer bankruptcy laws - 08, Jul 2008

    POWDER SPRINGS, Georgia (Reuters) - Democratic presidential candidate Barack Obama proposed overhauling bankruptcy laws on Tuesday to ease the impact on people unable to pay their bills because of medical expenses or military service.

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Software News
EA says has complied with FTC request on Take-Two (Reuters)

College fullback Owen Schmitt (R), drafted by the NFL's Seattle Seahawks, and DeSean Jackson, a wide receiver drafted by the Philadelphia Eagles, play EA Games NCAA Football at the game-makers; studio in Burnaby, British Columbia May 5, 2008. (Andy Clark/Reuters)Reuters - Video game publisher Electronic Arts Inc said on Tuesday it complied with a regulator's request for more information on its Take-Two Interactive Software Inc bid, moving a step closer to buying its rival.


VMware shares plunge on CEO change, slowing growth (AP)
AP - VMware Inc. abruptly replaced co-founder Diane Greene as chief executive Tuesday and lowered its sales outlook, triggering alarms that pounded the business software maker's shares to their lowest depths since the company's lucrative public offering 11 months ago.
Microsoft Sets Hosted-services Pricing, Irks Partners (PC World)
PC World - Some Microsoft partners are less than thrilled by the company's push into a software-plus-services model, which will compete...
Irrigation Systems Soak up Top Prizes in Software Contest (PC World)
PC World - An irrigation automation system, developed by a team of Australian students, won Microsoft's Imagine Cup programming contest.
VMware warns on revenue, replaces CEO (Reuters)
Reuters - Business software maker VMware Inc warned on Tuesday that 2008 revenue growth will fall short of expectations and said it has replaced its chief executive, sending its shares tumbling 30 percent.
New Yahoo board might lure Microsoft back into talks (USATODAY.com)
USATODAY.com - Microsoft threw its weight behind investor Carl Icahn's effort to oust Yahoo's board next month, saying Monday that a successful rebellion would encourage the software maker to renew its takeover bid for Yahoo or negotiate another deal.