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Business News
House passes housing bill; Bush lifts veto threat (Reuters)

President Bush on Wednesday dropped a threat to veto a housing rescue bill, clearing the way for measures meant to shore up the worst U.S. home market since the Great Depression. (Paul Szep/Reuters)Reuters - The House of Representatives passed a massive housing rescue bill on Wednesday while the White House dropped a threat to veto it, paving the way for measures aimed at shoring up the worst U.S. housing market since the Great Depression.


Amazon profit, sales above view and shares rise (Reuters)

A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008. (Rick Wilking/Reuters)Reuters - Amazon.com Inc said on Wednesday quarterly profit doubled and sales grew 41 percent, indicating to Wall Street that many cost-conscious shoppers are heading online to save money in a tough economy.


SemGroup gets court OK for initial bankruptcy motions (Reuters)
Reuters - SemGroup LP, an Oklahoma-based oil trading services company, on Wednesday said it received approval from the Bankruptcy Court for its initial motions related to its bankruptcy.
Microsoft exec who led Yahoo bid leaving company (Reuters)
Reuters - Microsoft Corp said on Wednesday that Kevin Johnson, who as president of Microsoft's largest business division spearheaded the company's pursuit of Yahoo Inc , is leaving the software maker.
China's Zhongxing in talks with GM, FAW: source (Reuters)
Reuters - China's Hebei Zhongxing Automobile Co is in talks with General Motors and major Chinese automaker FAW Group to explore opportunities for cooperation, including equity ties, a source close to the situation said on Thursday.
Sluggish Economy Slows 'Somewhat' As Oil Squeezes Spending, Fed Reports (Investor's Business Daily)
Investor's Business Daily - The economy has slowed "somewhat" as rising energy prices and the credit crunch force consumers to cut back, the Federal Reserve said Wednesday.
The Wight stuff: UK island to host 4 music events - 12, May 2008

LONDON (Billboard) - In 1970, it was described as "a psychedelic concentration camp." But this summer, the United Kingdom's Isle of Wight Festival tops a series of events that will turn the 150-square-mile island into the sold-out epicenter of the UK fest



By Lars BrandleLONDON (Billboard) - In 1970, it was described as "a psychedelic concentration camp." But this summer, the United Kingdom's Isle of Wight Festival tops a series of events that will turn the 150-square-mile island into the sold-out epicenter of the UK festival scene.Rock fans with long memories remember the Isle of Wight's run of festivals in 1968-70, although the chaotic 1970 event headlined by Jimi Hendrix and the Doors has long carried negative associations. The "concentration camp" reference comes from one of 500,000-plus attendees captured in the concert film of that year's festival, "Message to Love."But fast-forward into the 21st century, and one 1970 veteran has emerged as a key player behind the reinvention of the island as a "must-go" music destination, which in summer 2008 is hosting four major outdoor events.London-based Solo Promoters managing director John Giddings revived the Isle of Wight festival in 2002, selling out 10,000 tickets for a bill including the Charlatans and Robert Plant.Charlatans vocalist Tim Burgess recalls the IOW as "a really fun place to play -- like something out of an Enid Blyton novel." He adds, "There's a sense of adventure, like you are leaving behind society and inventing your own little world."Since 2002, the Rolling Stones, David Bowie, R.E.M. and Coldplay have all graced the IOW festival stage.The south coast holiday island also hosts the 30,000-capacity dance/alternative festival Bestival, an offshoot of the Sunday Best label/club events firm headed by BBC Radio 1 DJ Rob Da Bank. The lineup for this year's sold-out dates (September 5-7) at Robin Hill Country Park includes My Bloody Valentine, Amy Winehouse and Underworld.For fans, Rob Da Bank says, "as soon as you get on the ferry, you let your hair down and leave a bit of yourself on the mainland. The pace of life is slower down there, and that's a good thing." 





(c) 2008 Reuters
Other news from Entertainment category:
  1. Brad Pitt threatens legal action over family photos - 24, Jul 2008

    LOS ANGELES (Reuters) - Lawyers for Brad Pitt on Thursday threatened legal action against anyone publishing recent photographs they say were taken by paparazzi of the actor and his newly enlarged family at their French estate.

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  2. Kelsey Grammer nearly died after heart attack - 24, Jul 2008

    LOS ANGELES (Reuters) - Television star Kelsey Grammer, best known from "Cheers" and his sitcom "Frasier," nearly died after suffering a heart attack last month, he told U.S. showbiz news program "Entertainment Tonight."

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  3. Rappers, "Mamma Mia!" lead U.S. album chart - 24, Jul 2008

    NEW YORK (Billboard) - One rapper replaced another atop the U.S. pop album chart Wednesday, while the soundtrack to the new movie "Mamma Mia!" soared four places to No. 3.

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  4. Superhero fans, Hollywood execs flock to Comic-Con - 24, Jul 2008

    SAN DIEGO (Reuters) - Like wannabe Dark Knights answering the call of the "bat signal," throngs of grown men wearing tights and capes converge this week to revel in all manner of superhero lore and merchandising at the 39th annual Comic-Con Convention.

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  5. Ferrell, Reilly ad-lib way through "Step Brothers" - 24, Jul 2008

    LOS ANGELES (Reuters) - The script never got in the way of a good fight as comic actors Will Ferrell and John C. Reilly improvised their way through family warfare in the movie "Step Brothers," which opens on Friday.

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  6. Superhero fans, Hollywood execs flock to Comic Con - 23, Jul 2008

    SAN DIEGO (Reuters) - Like wannabe Dark Knights answering the call of the "bat signal," throngs of grown men wearing tights and capes converge this week to revel in all manner of superhero lore and merchandising at the 39th annual Comic Con Convention.

    More

  7. Film explores tensions after 2005 London bombings - 23, Jul 2008

    LONDON (Reuters) - A film inspired by the 2005 London suicide bombings that killed 52 people explores the mistrust they stoked between communities and how Islamist radicals threatened to drown out the voice of moderate Muslims.

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  8. Christian Bale denies assault allegation - 23, Jul 2008

    LONDON (Reuters) - Actor Christian Bale, star of the new Batman movie "The Dark Knight," on Tuesday denied allegations of assault made by his mother and sister after he was questioned by London police.

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  9. "Dollhouse" creator Whedon filming series prequel - 23, Jul 2008

    LOS ANGELES (Hollywood Reporter) - Ever since Fox canceled Joss Whedon's 2002 series "Firefly," fans have groused that the network sabotaged the show's chances by airing its episodes out of sequence.

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  10. Hollywood's Walk of Fame gets makeover, new "star" - 23, Jul 2008

    LOS ANGELES (Reuters) - Hundreds of stars on Hollywood's "Walk of Fame" are to undergo a much-needed $4.2 million makeover to repair cracks and holes ahead of the 50th anniversary of the beloved tourist attraction.

    More

 

Software News
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)

Mark Zuckerberg, founder and CEO of Facebook, gestures while delivering the keynote address during the annual Facebook f8 developer conference in San Francisco, Wednesday, July 23, 2008.  Facebook announced that 24 Web sites and applications have joined its efforts to make the Web more open and connected through Facebook Connect. (AP Photo/Eric Risberg)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)

Facebook founder Mark Zuckerberg, pictured last year, 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 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...
Microsoft exec who led Yahoo bid leaving company (Reuters)
Reuters - Microsoft Corp said on Wednesday that Kevin Johnson, who as president of Microsoft's largest business division spearheaded the company's pursuit of Yahoo Inc , is leaving the software maker.
Sprint's Palm Centro Gets Software Update (TechWeb)
TechWeb - InformationWeek - The update improves IMAP compatibility with Gmail, and provides an updated setup wizard for the Web-based e-mail.