| Business News |
Oil slumps on easing storm worry and dollar
(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.
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Alcoa's profit off but tops forecasts
(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.
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Anheuser-Busch sues InBev over takeover attempt
(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.
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Stocks rise on banks and lower oil
(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.
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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.
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Paulson says U.S. home foreclosures to stay high
(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.
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| Video games don't create killers, new book says - 09, May 2008 |
By Scott Hillis
SAN FRANCISCO, May 8 (Reuters Life!) - Playing video games does not turn children into deranged, blood-thirsty super-killers, according to a new book by a pair of Harvard researchers.
Lawrence Kutner and Cheryl Olson, a husband-and-wife team at Harvard Medical School, detail their views in "Grand Theft Childhood: The Surprising Truth About Violent Video Games and What Parents Can Do", which came out last month and promises to reshape the debate on the effects of video games on kids.
"What I hope people realize is that there is no data to support the simple-minded concerns that video games cause violence," Kutner told Reuters.
The pair reached that conclusion after conducting a two-year study of more than 1,200 middle-school children about their attitudes towards video games.
It was a different approach than most other studies, which have focused on laboratory experiments that attempt to use actions like ringing a loud buzzer as a measure of aggression.
"What we did that had rarely been done by other researchers was actually talk to the kids. It sounds bizarre but it hadn't been done," Kutner said.
They found that playing video games was a near-universal activity among children, and was often intensely social.
But the data did show a link between playing mature-rated games and aggressive behavior. The researchers found that 51 percent of boys who played M-rated games -- the industry's equivalent of an R-rated movie, meaning suitable for ages 17 and up -- had been in a fight in the past year, compared to 28 percent of non-M-rated gamers.
(c) 2008 Reuters
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| Other news from Technology category: |
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TORONTO (Reuters) - A government auction of wireless spectrum aimed at bringing fresh competition to Canada's cellphone market has reached its final stretch, with total bids reaching more than C$4 billion ($3.9 billion) so far -- about twice the amount ex
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TORONTO (Reuters) - Nortel Networks Corp plans aggressive growth in the Asia-Pacific region over the next two to three years, hoping to capitalize on demand for network gear and services in rapidly growing markets such as India and China.
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SAN FRANCISCO (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.
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LONDON (Reuters) - Apple's new iPhone sold out online in Britain ahead of its Friday launch, defying general consumer gloom as the country's economy threatened to tip over into its first recession in more than a decade.
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NEW YORK (Reuters) - Business software maker VMware Inc on Tuesday said President and Chief Executive Diana Greene is stepping down and will be immediately replaced by Paul Maritz.
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HELSINKI (Reuters) - Nokia Oyj is expected to report a 16 percent earnings rise due to strong demand in emerging markets, yet its comments on the impact of slowing growth is likely to set the tone for its shares.
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Activision Inc shareholders Tuesday are expected to approve a merger with Vivendi Games that will allow the deal to close within days and create a new top dog in the fast-growing video gaming world.
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LOS ANGELES (Hollywood Reporter) - Booths hawking survival products pack a church. Vendors sell gasoline generators, water purifiers, grain grinders, solar cookers, gold coins and portable radios.
More
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AMSTERDAM (Reuters) - Philips Electronics said on Tuesday it would outsource its PC monitors business to TPV Technology , following earlier steps to boost profitability at its loss-making TV unit.
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SEATTLE (Reuters) - Microsoft Corp introduced on Wednesday pricing for its suite of online services targeted at corporate customers and a revenue-sharing plan to encourage other companies to sell the software company's products.
More
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| Software News |
EA says has complied with FTC request on Take-Two
(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.
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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.
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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...
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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.
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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.
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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.
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