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Business News
House passes housing bill; Bush lifts veto threat (Reuters)

Graphic fact file on US housing finance giants Fannie Mae and Freddie Mac, which were put under Federal Reserve oversight and given bigger credit lines. US Treasury Secretary Henry Paulson warned Tuesday that more time will be needed to get past the current financial turmoil and called for better regulation to prevent a recurrence.(AFP Graphic/Martin Megino/Gal/Js)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.


Amazon Q2 net profit doubles, sales up 41 percent (Reuters)
Reuters - Amazon.com Inc said on Wednesday quarterly net income doubled on a 41 percent rise in revenue, helped by higher operating profit margins.
Fed says price pressures gain, growth slackens (Reuters)

In this July 16, 2008 file photo, Federal Reserve Chairman Ben Bernanke testifies before the House Financial Services Committee hearing on Capitol Hill in Washington. The chairman's financial disclosure form, released Monday, July 18, 2008, showed his holdings last year were in no-fills investments, including U.S. Treasury securities, Canadian Treasury bonds, mutual funds and annuities. (AP Photo/Susan Walsh, file)Reuters - The United States faced increasing inflationary pressures in recent weeks amid slowing economic growth, the Federal Reserve said on Wednesday, as it described conditions in some areas as "grim," "morose" or "bleak."


Pulte Homes second-quarter loss narrows (Reuters)
Reuters - Pulte Homes Inc posted a smaller quarterly loss on Wednesday, but said buyer confidence remained shaky.
Wall Street rises on oil drop, housing plan optimism (Reuters)

People pass a Wachovia branch office on Tuesday, July 22, 2008 in New York. Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The nation's fourth-largest bank by assets said it lost $8.86 billion. (AP Photo/Mark Lennihan)Reuters - Stocks rose on Wednesday as financial shares climbed on optimism about a rescue plan for mortgage finance companies Fannie Mae and Freddie Mac and as the price of oil fell.


Waiters pick up part of LongHorn's labor costs (AP)

A Longhorn Steakhouse restaurant is seen Monday, July 21, 2008, in Hamilton, N.J.  After Darden Restaurants Inc. bought LongHorn for $1.19 billion in October, it instituted what it calls 'a more disciplined' tip-sharing plan — a policy servers say is cutting their earnings.  (AP Photo/Mel Evans)AP - With the cost of everything from air conditioning to whipped cream rising, many restaurants have been raising prices. LongHorn Steakhouse is passing on part of the tab to its servers.


News from Entertainment category:
  1. Rappers, "Mamma Mia!" lead U.S. album chart - 24, Jul 2008

    NEW YORK (Billboard) - One rapper replaced another atop the U.S. pop album chart Wednesday, while the soundtrack to the new movie "Mamma Mia!" soared four places to No. 3.

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  2. Superhero fans, Hollywood execs flock to Comic-Con - 24, Jul 2008

    SAN DIEGO (Reuters) - Like wannabe Dark Knights answering the call of the "bat signal," throngs of grown men wearing tights and capes converge this week to revel in all manner of superhero lore and merchandising at the 39th annual Comic-Con Convention.

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  3. Ferrell, Reilly ad-lib way through "Step Brothers" - 24, Jul 2008

    LOS ANGELES (Reuters) - The script never got in the way of a good fight as comic actors Will Ferrell and John C. Reilly improvised their way through family warfare in the movie "Step Brothers," which opens on Friday.

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  4. Superhero fans, Hollywood execs flock to Comic Con - 23, Jul 2008

    SAN DIEGO (Reuters) - Like wannabe Dark Knights answering the call of the "bat signal," throngs of grown men wearing tights and capes converge this week to revel in all manner of superhero lore and merchandising at the 39th annual Comic Con Convention.

    More

  5. Film explores tensions after 2005 London bombings - 23, Jul 2008

    LONDON (Reuters) - A film inspired by the 2005 London suicide bombings that killed 52 people explores the mistrust they stoked between communities and how Islamist radicals threatened to drown out the voice of moderate Muslims.

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  6. Christian Bale denies assault allegation - 23, Jul 2008

    LONDON (Reuters) - Actor Christian Bale, star of the new Batman movie "The Dark Knight," on Tuesday denied allegations of assault made by his mother and sister after he was questioned by London police.

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  7. "Dollhouse" creator Whedon filming series prequel - 23, Jul 2008

    LOS ANGELES (Hollywood Reporter) - Ever since Fox canceled Joss Whedon's 2002 series "Firefly," fans have groused that the network sabotaged the show's chances by airing its episodes out of sequence.

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  8. Hollywood's Walk of Fame gets makeover, new "star" - 23, Jul 2008

    LOS ANGELES (Reuters) - Hundreds of stars on Hollywood's "Walk of Fame" are to undergo a much-needed $4.2 million makeover to repair cracks and holes ahead of the 50th anniversary of the beloved tourist attraction.

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  9. George Michael's tip for Obama -- run with Clinton - 23, Jul 2008

    NEW YORK (Reuters) - British pop star George Michael has a tip for U.S. Democratic presidential candidate Barack Obama -- team up with former rival Hillary Clinton.

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  10. Christian Bale denies family's assault allegation - 23, Jul 2008

    LONDON (Reuters) - Actor Christian Bale, star of the Batman blockbuster movie "The Dark Knight" on Tuesday denied allegations of assault made by his mother and sister after he was questioned by London police.

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  11. Disney names new hosts to replace Ebert and Roeper - 23, Jul 2008

    LOS ANGELES (Reuters) - A day after influential critic Roger Ebert quit the film-review show he co-created three decades ago, the Walt Disney Co. on Tuesday named two new hosts and unveiled a new format for the nationally syndicated program.

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  12. "Brideshead" not worth revisiting - 22, Jul 2008

    LOS ANGELES (Hollywood Reporter) - "Brideshead Revisited," the acclaimed 1981 miniseries starring Jeremy Irons, is coming to theaters on Friday courtesy of Miramax and the director of "Becoming Jane."

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  13. Amy Winehouse's husband sentenced to prison term - 22, Jul 2008

    LONDON (Reuters) - The husband of British soul singer Amy Winehouse was ordered to serve about 4 1/2 more months in prison on Monday after he pleaded guilty to attacking a pub owner in 2006 and then trying to cover it up.

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  14. Hong Kong cinema star couple wed in Bhutan: report - 22, Jul 2008

    HONG KONG (Reuters) - One of Hong Kong's leading entertainment couples, actors Tony Leung and Carina Lau, were married in Bhutan in a Buddhist-inspired ceremony attended by the tiny kingdom's royalty, local media reported on Monday.

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  15. "Dark Knight" fuels bright day for Imax - 22, Jul 2008

    LOS ANGELES (Hollywood Reporter) - Imax has been "this close" to breaking big on the film exhibition scene, well, seemingly forever.

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  16. Court overturns CBS fine over Janet Jackson flash - 22, Jul 2008

    WASHINGTON (Reuters) - The U.S. government's campaign against television indecency was dealt a blow on Monday when a court overturned a $550,000 fine against CBS Corp television stations for airing a glimpse of pop singer Janet Jackson's breast during the

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  17. Winehouse husband sentenced to prison term - 22, Jul 2008

    LONDON (Reuters) - The husband of singer Amy Winehouse was ordered to serve about four and a half more months in prison on Monday after he pleaded guilty to attacking a pub landlord in 2006 and then trying to cover it up.

    More

  18. Film critics Ebert, Roeper leaving their TV show - 22, Jul 2008

    LOS ANGELES (Reuters) - Influential film critics Roger Ebert and Richard Roeper are departing the movie-review show that bears their names, the two announced separately, leaving the program's future unclear.

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  19. Miley Cyrus grows up and away from Hannah Montana - 21, Jul 2008

    LOS ANGELES (Reuters) - Miley Cyrus, the teen sensation of Disney Channel's "Hannah Montana" hit TV show, is growing up, releasing a new album called "Breakout," and hoping her millions of young fans will come along for the ride.

    More

  20. Batman director takes Hollywood by storm - 21, Jul 2008

    NEW YORK (Hollywood Reporter) - English filmmaker Christopher Nolan is now the toast of Hollywood, thanks to the record-breaking $155 million opening of "The Dark Knight."

    More

 

Software News
Cisco to Buy Home-network Software Vendor (PC World)
PC World - Cisco announced plans to acquire Pure, a home networking software company, for $120 million.
Microsoft Opens Xbox 360 To Outside Game Creators (NewsFactor)
NewsFactor - Microsoft is opening the Xbox 360 to third-party software creators in a bold attempt to dramatically expand the number of games available on its platform. The goal is to give gaming aficionados far more choices than rivals Sony and Nintendo are offering.
DNS Security Flaw Leaked Before Patches Applied (NewsFactor)
NewsFactor - A major flaw in the Internet infrastructure was leaked to the public Monday before many IT directors had the chance to apply security patches. The flaw was discovered weeks ago by Dan Kaminsky, a security expert at IOActive, who has worked with industry leading software developers investigating Internet vulnerabilities.
Ubuntu founder urges Linux desktop to rival Apple (InfoWorld)
InfoWorld - Ubuntu Linux Founder Mark Shuttleworth urged development of a Linux desktop to rival what Apple has done in this space and aired a vision of software changing the world.
Design Flaws, Besides Vulnerabilities, Hurt Banking Sites (PC World)
PC World - Banking Web sites suffer from design flaws that can undermine their security exclusive of software vulnerabilities, according...
Forty Percent of U.S. Gamers Are Women (PC Magazine)
PC Magazine - The Entertainment Software Association (ESA) has completed its annual demographic study and the results are sure to cause a tizzy for a small segment of uninformed observers.