| Business News |
House passes housing bill; Bush lifts veto threat
(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.
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Amazon profit, sales above view and shares rise
(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.
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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.
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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.
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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.
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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.
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| The Wight stuff: UK island to host 4 music events - 12, May 2008 |
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
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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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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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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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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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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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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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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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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.
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