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Business News
April retail sales barely budged: SpendingPulse (Reuters)
Reuters - Retail sales barely rose in April, as a relentless surge in gasoline prices made consumers cut back other types of spending, according to a report released on Monday.
ILFC considering split-up from insurer AIG: report (Reuters)
Reuters - International Lease Finance Corp, a unit of American International Group , is worried by the insurer's financial troubles and mulling a split from it, the Wall Street Journal said on Monday, citing people familiar with the matter.
EnCana to split in two with oil at record highs (Reuters)

EnCana President and Chief Executive Officer Randy Eresman announces that EnCana, Canada's largest energy company, will be split into two energy companies in Calgary May 11, 2008. EnCana Corp said on Sunday it plans to split into two separate oil and natural gas firms in an effort to wring out more value with crude prices at record highs. EnCana, a $65 billion producer formed in a merger six years ago, said the new oil firm will operate its Alberta oil sands and U.S. refining assets, which it runs as part of a joint venture with ConocoPhillips. It will also encompass Canadian plains natural gas assets. (Todd Korol/Reuters)Reuters - EnCana Corp , Canada's biggest energy company, said on Sunday it plans to split into two separate oil and natural gas firms in an effort to wring out more value with crude prices at record highs.


Cablevision near deal to buy Newsday: source (Reuters)

The Tribune Tower in Chicago, April 2, 2007. (John Gress/Reuters)Reuters - Tribune Co is close to an agreement to sell its Newsday newspaper to Cablevision Systems Corp and an announcement could come as early as Monday, a source familiar with the situation said on Sunday.


Global stocks rise as yen eases, Aussie banks eye M&A (Reuters)

A man passes an electronic board displaying the closing price of Japan's Nikkei share average in Tokyo April 25, 2008. (Yuriko Nakao/Reuters)Reuters - Stocks recovered earlier losses on Monday, with Japan rebounding as the yen fell against the dollar and boosted exporters, and Sydney rising 1 percent on optimism over a potential bank takeover.


April retail sales barely budged: SpendingPulse (Reuters)
Reuters - Retail sales barely rose in April, as a relentless surge in gasoline prices made consumers cut back other types of spending, according to a report released on Monday.
News from HotNews category:
  1. Serbia in coalition scramble after ambivalent vote - 12, May 2008

    BELGRADE (Reuters) - A coalition of pro-Western parties came first in Serbia's parliamentary election on Sunday but faced an immediate challenge from the nationalist runners-up who said they too could form a government.

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  2. Taliban deliver silent death threats after midnight - 12, May 2008

    KHOST, Afghanistan (Reuters) - Afghans call them 'night letters' -- notes scattered or pushed under doorways by Taliban militants in the dead of night, threatening villagers' lives if they cooperate with foreign forces and the government.

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  3. Darfur rebel leader vows more attacks on Khartoum - 12, May 2008

    KHARTOUM (Reuters) - Darfur rebel leader Khalil Ibrahim said on Monday he would launch more attacks on Sudan's capital Khartoum until the government fell.

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  4. Tornadoes kill 21, injure hundreds in U.S - 12, May 2008

    ATLANTA (Reuters) - Tornadoes killed at least 21 people and injured hundreds as they ripped through the central and southeastern United States over the weekend, destroying homes, overturning cars and downing trees and power lines.

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  5. Turkish military says hit Kurdish rebels in Iraq - 12, May 2008

    ISTANBUL (Reuters) - Turkey's military said on Sunday it launched overnight air and artillery attacks against Kurdish separatist rebels in northern Iraq overnight an insurgent strike on a military base.

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  6. Pro-EU party wins Serb election, but no majority - 12, May 2008

    BELGRADE (Reuters) - Serbia's pro-European Union president, Boris Tadic, defeated his main nationalist rival in a parliamentary election on Sunday but was well short of seats needed to form a governing majority.

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  7. Hezbollah fighters pile pressure on Lebanon rivals - 12, May 2008

    BEIRUT (Reuters) - Lebanon's factional violence raged on in the mountains around Beirut on Sunday, as gunmen from the Iranian-backed Hezbollah movement battled Druze allies of a government which is supported by Washington.

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  8. Obama campaign chief sees his man winning soon - 12, May 2008

    WASHINGTON (Reuters) - Democrat Barack Obama's campaign chief predicted on Sunday his long battle against Hillary Clinton for the party's presidential nomination would soon be over, saying "we're coming to the end of the process."

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  9. Tornadoes kill 22, injure hundreds - 12, May 2008

    ATLANTA (Reuters) - Tornadoes killed at least 22 people and injured hundreds as they ripped through communities in the central and southeastern United States over the weekend.

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  10. Tragedy of dead and survivors in Myanmar grows worse - 12, May 2008

    YANGON (Reuters) - Desperate survivors of Cyclone Nargis headed out of Myanmar's Irrawaddy delta in search of food, water and medicine, but aid workers said on Sunday that thousands will die if emergency supplies don't get through soon.

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  11. Serbs weigh pride against prosperity in key election - 11, May 2008

    BELGRADE (Reuters) - Serbs began voting on Sunday in an election that will show whether the lure of European Union membership outweighs their anger over the Western-backed secession of Kosovo.

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  12. Jenna Bush weds Virginia politician's son - 11, May 2008

    CRAWFORD, Texas (Reuters) - President George W. Bush's daughter Jenna was married on Saturday evening to Henry Hager, the son of the Virginia Republican Party chairman, in front of more than 200 family members and close friends.

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  13. Lebanon troops patrol Beirut after Hezbollah pullout - 11, May 2008

    BEIRUT (Reuters) - Lebanese troops patrolled Beirut on Sunday after Hezbollah fighters pulled back from areas they had seized in gunbattles with supporters of the U.S.-backed government that have killed 39 people.

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  14. Sudan cuts ties with Chad after rebel attack - 11, May 2008

    KHARTOUM (Reuters) - Sudan cut diplomatic relations with Chad on Sunday after an attack on the Sudanese capital by Darfur rebels which it said was supported by Chadian President Idriss Deby.

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  15. "Unimaginable tragedy" if Myanmar delays aid - 11, May 2008

    YANGON (Reuters) - Desperate survivors of Cyclone Nargis poured out of Myanmar's Irrawaddy delta on Sunday in search of food, water and medicine but aid workers said thousands of them would die if emergency supplies do not get through soon.

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  16. At least 18 said dead in Missouri, Oklahoma tornadoes - 11, May 2008

    OKLAHOMA CITY (Reuters) - At least 18 people were killed on Saturday in Missouri and Oklahoma after tornadoes swept through the area, authorities in the two states said.

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  17. Zimbabwe's MDC to fight run-off against Mugabe - 11, May 2008

    PRETORIA (Reuters) - Zimbabwe's opposition leader said on Saturday he would return home within two days to contest a run-off against President Robert Mugabe and deal him a "final knock-out" after almost three decades in power.

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  18. Embattled Olmert vows to lead peace drive - 11, May 2008

    JERUSALEM (Reuters) - Prime Minister Ehud Olmert on Saturday vowed to stay in office and lead peacemaking efforts with Israel's "enemies and adversaries" despite speculation he could be forced to quit in a bribery scandal.

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  19. U.S. looks set to offer Israel powerful new radar - 11, May 2008

    WASHINGTON (Reuters) - The Bush administration appears set to offer Israel a powerful radar system that could greatly boost Israeli defenses against enemy ballistic missiles while tying them directly into a growing U.S. missile shield.

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  20. Myanmar holds poll despite post-cyclone chaos - 11, May 2008

    YANGON (Reuters) - Myanmar held a rare election to approve a new army-drafted constitution on Saturday while many of the 1.5 million survivors of a devastating cyclone waited in vain for a concerted aid effort to bring them food and medicine.

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Software News
Next generation of business software could get more fun (AP)
AP - Once upon a time, people bonded with their co-workers on office softball teams and traded gossip at the watercooler.
SAP Is The Latest Convert To Software-Plus-Services Vision (TechWeb)
TechWeb - InformationWeek - It envisions selling "component" services to its big ERP customers beginning next year.
SAP Embraces Software-Plus-Services Vision (TechWeb)
TechWeb - Intelligent Enterprise - Enterprise apps vendor envisions selling "component" services to its largest customers beginning next year.
Microsoft To Release Office 2007 SP1 Via Automatic Update In June (TechWeb)
TechWeb - InformationWeek - The strategy of rolling out service packs in phases gives the market plenty of time to evaluate the software.
U.S. v. 3,000 Microsoft Flash Drives (TechWeb)
TechWeb - InformationWeek - The devices with fake Microsoft Windows logos are just the latest in a series of goods seized by U.S. Customs and Border Protection agents.
Hackers Find a New Place to Hide Rootkits (PC World)
PC World - Security researchers have developed a new type of malicious rootkit software that hides itself in an obscure part of a...