Google sees YouTube products soon; warm on Yahoo - Internet

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Business News

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.

MOUNTAIN VIEW, California (Reuters) - Google Inc expects to launch new products for its YouTube Web video service in the next few months and sees reason for closer cooperation with Yahoo Inc, Google Chief Executive Eric Schmidt said on Thursday.
Schmidt has said getting the video sharing site to make money is the Web search company's top priority for the year. He did not give details of the products, however, and they are not even in initial, or beta, testing.
At the company's annual shareholder meeting, Google co- founder Sergey Brin said YouTube and DoubleClick, an online advertising company bought by Google earlier this year for $3.1 billion, are still small businesses compared with its core search and advertising business.
"They both have potential, but for it to be a sizable part of our revenue, you're going to have to wait at least a couple of years," said Brin in response to a question about when those acquisitions would make a significant contribution to the company's bottom line.
Google bought YouTube for $1.6 billion in 2006.
The Web search leader played a large role in the takeover battle between Microsoft Corp and Yahoo. During a two-week test, it sold search advertisements on rival Yahoo last month as part of Yahoo's attempt to find an alternative option to Microsoft's offer.
Schmidt said the trial run provided good reason for the companies to discuss cooperation, but there was no deal yet.
"We view the test as successful," he told reporters before the Web company's annual meeting. "That's a good basis to talk to Yahoo some more."
The Google CEO, speaking later at the shareholder meeting, said the company will continue to growth faster outside of its home market. Google generated 51 percent of its revenue outside the United States in the March quarter, but Schmidt said he expects that figure to grow over time.

Other news from Internet category:

Internet to the rescue for work-bound viewers - 21, Aug 2008
BEIJING (Reuters) - Huge numbers of Chinese are turning to the Internet to watch the Olympics at work, as bosses stop them from watching the Games on television.

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Games attract record viewers and Internet a hit - 20, Aug 2008
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Germans urge tougher laws after new privacy scandal - 19, Aug 2008
BERLIN (Reuters) - German politicians called for tougher privacy laws on Tuesday after officials revealed personal and financial information on millions of Germans was readily available for cash on the Internet.

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Pisces for the pool, Taurus for the pole vault - 19, Aug 2008
BEIJING (Reuters) - Something fishy is happening at the Olympic Games in Beijing. Put it all down to the stars.

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British "Mr Fix-it" al Qaeda cyber-recruiter jailed - 19, Aug 2008
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Georgia cuts access to Russian websites, TV news - 19, Aug 2008
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UK pedophile was "librarian" for global abuse ring - 18, Aug 2008
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NBC builds online audience even as TV ratings soar - 15, Aug 2008
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Gannett to cut 1,000 newspaper jobs: memo - 15, Aug 2008
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Software News

Apple tries to de-bug iPhone (USATODAY.com)
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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.

Internet to the rescue for work-bound viewers - 21, Aug 2008

Games attract record viewers and Internet a hit - 20, Aug 2008

Germans urge tougher laws after new privacy scandal - 19, Aug 2008

Pisces for the pool, Taurus for the pole vault - 19, Aug 2008

British "Mr Fix-it" al Qaeda cyber-recruiter jailed - 19, Aug 2008

Georgia cuts access to Russian websites, TV news - 19, Aug 2008

UK pedophile was "librarian" for global abuse ring - 18, Aug 2008

NBC builds online audience even as TV ratings soar - 15, Aug 2008

Gannett to cut 1,000 newspaper jobs: memo - 15, Aug 2008

New York Web site gives juicy details on city's notables - 15, Aug 2008