| 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.
|
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.
|
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.
|
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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| 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.
|
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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