| 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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| Web start-up unveils semantic Wikipedia search tool - 12, May 2008 |
By Eric Auchard
SAN FRANCISCO (Reuters) - Powerset on Sunday unveiled tools for searching Wikipedia that use conversational phrasing instead of keywords, marking the first step of its challenge to established Web search services such as Google.
Powerset's technology breaks down the meaning of words and sentences into related concepts, freeing users from always needing to type the exact words they want to find.
The closely watched Silicon Valley start-up is offering a way of searching millions of entries in Wikipedia's online encyclopedia, helping users find detailed answers to questions rather than isolated links that require further research.
For example, a user who wants to know how many wives King Henry VIII had (six, or two, depending on your definition of marriage) can find an answer via Powerset's service at
San Francisco-based Powerset is looking to leapfrog the current generation of services that rely on keyword searches such as Google Inc, Yahoo Inc, Microsoft Corp and IAC InterActiveCorp's Ask.com.
"The Wikipedia is becoming a microcosm of the most useful parts of the Web," said Greg Sterling, an Internet analyst with Sterling Market Intelligence. "This offers a powerful way to find what you are looking for against this subset of the Web."
While still a far cry from letting users search the World Wide Web, Powerset is using Wikipedia as a trial showcase for how its technology can be used to search a vast number of other websites using natural language phrases or questions.
Over time, it aims to partner with other high-quality data sites where information can be organized in a question and answer form that lends itself to Powerset search techniques. Examples might include financial or patent filings, the CIA Factbook or Wikipedia-inspired clones, company officials said.
(c) 2008 Reuters
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