| Business News |
Citigroup aims to sell $400 billion of assets
(Reuters)
 Reuters - Citigroup Inc , the largest
U.S. bank, said on Friday it aims to shed $400 billion of
assets -- nearly 20 percent of its total -- over the next two
to three years to become more efficient and profitable.
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AIG loss, oil, drug firms rattle investors
(Reuters)
 Reuters - Stocks fell on Friday after American
International Group , the world's largest insurer,
reported a record $7.8 billion quarterly loss, rekindling
concerns about financial services companies.
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AIG says rating cuts to raise costs
(Reuters)
 Reuters - American International Group
said on Friday two rating agency downgrades will likely
increase funding costs for some of its businesses, and has
required it to post $1.6 billion more in collateral.
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Oil ebbs a little from record high
(Reuters)
 Reuters - Oil hit a new peak above $126 on Friday,
the fifth straight session of record gains, in a market given
an additional spur by tight supplies of diesel.
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U.S. crude futures jump more than $2, above $126
(Reuters)
 Reuters - U.S. crude futures jumped more than $2
to a record high above $126 on Friday, fueled by fund buying
and surging distillate prices on both sides of the Atlantic,
according to traders.
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SMBs Remain Bullish Despite Weak Economy
(NewsFactor)
NewsFactor - Small businesses are confident that bleak economic conditions will pass without their being adversely affected by the economic downturn, according to a new study of 250 small-business owners. Or, at the very least, they're keeping a stiff upper lip about the downturn and the prospects for a speedy recovery.
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| Software News |
Sun: Java ubiquity an advantage in RIA battle
(InfoWorld)
InfoWorld - Sun Microsystems is counting on the ubiquitous nature of Java to help its JavaFX technology compete in the rich Internet application (RIA) space against rivals Adobe Systems and Microsoft.
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Flomerics surges after rejects Mentor cash bid
(Reuters)
Reuters - Shares in British engineering software
firm Flomerics Group surged on Friday after rejecting a
buyout offer from larger U.S. rival Mentor Graphics, saying it
would explore interest from several other parties.
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Windows Vista More Vulnerable To Malware Than Windows 2000
(TechWeb)
TechWeb - InformationWeek - Vista let 639 threats per thousand computers through, compared with 586 for Windows 2000, 478 for Windows 2003, and 1,021 for Windows XP, security vendor PC Tools said.
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Four Microsoft Security Patches Due Next Week
(PC World)
PC World - Microsoft plans to fix critical bugs in its Word, Publisher and Jet database software next week.
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Intel, Sun: So Happy Together, When It Comes To Software
(TechWeb)
TechWeb - InformationWeek - The joint development efforts have been broader and deeper than anticipated, company executives reveal.
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Grand Theft Auto IV Speeds Past Six Million Mark
(NewsFactor)
NewsFactor - Since its release on April 29, global sales of the Grand Theft Auto 'GTA IV' video game from Take-Two Interactive Software (Nasdaq: TTWO) have surpassed six million units, with an estimated retail value of more than $500 million in the first week. Over the first day alone, GTA IV sales were approximately 3.6 million units with a retail value of $310 million worldwide.
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