| Business News |
HP challenges IBM with $12.6 billion EDS deal
(Reuters)
 Reuters - Hewlett-Packard Co has struck
a deal to buy Electronic Data Systems Corp for $12.6
billion, seeking to boost its technology services business to
better compete against market leader IBM .
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Wal-Mart profit up, but shares fall
(Reuters)
 Reuters - Wal-Mart Stores Inc , the
world's largest retailer, reported a 7 percent rise in
quarterly profit on Tuesday as discounts drew U.S. shoppers
looking for bargains on necessities like food and pharmacy
items.
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Stock futures lower on banks, Wal-Mart
(Reuters)
 Reuters - Stock index futures fell on Tuesday
after Oppenheimer & Co slashed its price targets on a number of
brokerages and on concern about Wal-Mart Stores Inc's
outlook.
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Bernanke says markets healing but still not well
(Reuters)
 Reuters - U.S. Federal Reserve
Chairman Ben Bernanke said on Tuesday that emergency Fed
liquidity measures have helped relieve strain in financial
markets, but the recovery process remains incomplete.
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Retail sales show resiliency
(Reuters)
Reuters - Total sales at U.S. retailers
weakened modestly in April, the government reported on Tuesday,
but outside the hard-pressed auto sector they showed more
resiliency than many analysts had anticipated.
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Retail sales dip for second time in 2 months
(AP)
AP - Consumers, battling soaring gasoline prices and a slumping economy, cut back further on their spending in April.
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HotNews
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BEIRUT (Reuters) - Lebanon's army stepped up patrols on Tuesday as part of a drive to restore order after a week of fighting between Hezbollah fighters and pro-government gunmen.
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BAGHDAD (Reuters) - An agreement aimed at ending fighting in the Baghdad bastion of Iraqi Shi'ite cleric Moqtada al-Sadr was on the verge of collapse on Tuesday after gunmen launched a spate of attacks on U.S. troops.
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YANGON (Reuters) - Heavy rains pelted homeless cyclone survivors in Myanmar's Irrawaddy delta on Tuesday, complicating already slow delivery of aid to more than 1.5 million people facing hunger and disease.
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CHARLESTON, West Virginia (Reuters) - Democratic front-runner Barack Obama made a quick stop in West Virginia on Monday ahead of an expected bad loss there to White House rival Hillary Clinton, but he was already looking past the contest to November's fig
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WASHINGTON (Reuters) - Heavy marijuana use can boost blood levels of a particular protein, perhaps raising a person's risk of a heart attack or stroke, U.S. government researchers said on Tuesday.
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Internet
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LOS ANGELES (Reuters) - Getting Hollywood actors paid for their smallest performances -- video clips on the Internet -- is shaping up as one their biggest sticking points in stalemated contract negotiations with major studios.
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SEATTLE (Reuters) - Any Star Trek fan knows that space travel is not always easy, but Microsoft Corp wants to make traveling the "final frontier" as simple as turning on your computer.
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PORTLAND, Oregon (Reuters) - Republican John McCain pledged to take the lead in combating global climate change if elected president in a speech that set him apart from the policies of President George W. Bush.
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NEW YORK (Reuters) - A pall hangs over the word "print" these days, but the editors of a new magazine bet that discerning readers want news analysis on paper and don't mind getting it just four times a year.
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NEW YORK (Reuters) - Richard Branson's Virgin Mobile USA Inc and South Korea's SK Telecom Co, which controls U.S. mobile service Helio, are in early talks on a deal, a person familiar with the discussions said on Friday.
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Business
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MILAN (Reuters) - Finmeccanica SpA has agreed to buy U.S. military contractor DRS Technologies Inc. in a $5.2 billion deal, the biggest so far in European defense contractors' bid for a slice of the growing U.S. defense market.
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PARIS (Reuters) - France's biggest retail bank, Credit Agricole, announced a 5.9 billion euro ($9.1 billion) rights issue to shore up its capital after new writedowns at its Calyon investment bank, hitting its shares.
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NEW YORK/AMSTERDAM (Reuters) - Corporate Express said on Tuesday it was willing to talk to U.S. office supplies retailer Staples Inc after it raised its offer for the Dutch business products wholesaler.
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SEA ISLAND, Georgia (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said on Tuesday that emergency Fed liquidity measures have helped relieve strain in financial markets, but the recovery process remains incomplete.
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NEW YORK (Reuters) - Stock index futures fell on Tuesday after Oppenheimer & Co slashed its price targets on a number of brokerages and on concern about Wal-Mart Stores Inc's outlook.
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Technology
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NEW YORK (Reuters) - Time Warner Inc's HBO cable network is expected to start selling shows on Apple Inc's iTunes digital entertainment service, with flexible pricing, sources familiar with the discussions said on Monday.
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NEW YORK (Reuters) - Time Warner Inc's HBO cable network is expected to start selling shows on Apple Inc's iTunes digital entertainment service, with flexible pricing, sources familiar with the discussions said on Monday.
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DENVER (Billboard) - Perhaps no single device has had more impact on mobile music than Apple's iPhone. While only 6.7 percent of overall mobile customers use their phone to listen to music, rising to 27.9 percent for smartphone users, a full 74.1 percent
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NEW YORK (Reuters) - Network equipment maker Cisco Systems Inc on Monday unveiled an expansion of its high-end video conferencing series to include a simpler, cheaper version as well as one targeting big groups.
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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.
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Science
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GENEVA (Reuters) - U.S. pharmaceutical company Eli Lilly will donate $1 million to train doctors treating tuberculosis (TB), a disease that infects 9 million people every year and kills nearly 2 million.
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WASHINGTON (Reuters) - The parents of two 10-year-old boys who believe vaccines caused their sons to develop autism brought their case to U.S. federal court on Monday, arguing a mercury preservative in the shots caused a rare reaction.
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NEW YORK (Reuters Health) - Adult women who were breast-fed as infants may have a lower risk of developing breast cancer than those who were not breast-fed, unless they were first-born, study findings suggest.
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CHICAGO (Reuters) - The secret behind growing large tomatoes lies not in the fertilizer or the perfect soil conditions, but in just a few genetic changes that over time have resulted in tomatoes 1,000 times bigger than their wild ancestors, U.S. researche
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PUERTO MONTT, Chile (Reuters) - A towering plume of ash from an erupting volcano in Chile's remote Patagonia could rain down on the surrounding area and cause devastating damage, a volcano expert warned on Friday.
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Sport
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SAN FRANCISCO (Reuters) - The Houston Astros rallied from an early three-run deficit to notch a fourth straight victory with a 7-3 triumph against the San Francisco Giants on Monday.
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DALLAS (Reuters) - Pavel Datsyuk scored his first career hat-trick to power the Detroit Red Wings to a 5-2 victory over the Dallas Stars on Monday, moving the Western Conference top seeds to the brink of the Stanley Cup Finals.
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HALIFAX, Nova Scotia (Reuters) - Russia and Canada remained on a collision course at the ice hockey world championships on Monday, completing qualification round play unbeaten to take top spot in their group standings.
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NEW YORK (Reuters) - LeBron James led the Cleveland Cavaliers to an 88-77 home win over the Boston Celtics on Monday, tying up their Eastern Conference series at 2-2.
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LONDON (Reuters) - Turkish Grand Prix organizers could face sanctions after two stray dogs ran onto the Istanbul track and one was hit by Brazilian Bruno Senna's car during a support race on Sunday.
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Entertainment
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LOS ANGELES (Hollywood Reporter) - Fox TV Studios president Emiliano Calemzuk is going back to his Latin American roots. In doing so, he also is reinventing the company's business model.
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LOS ANGELES (Hollywood Reporter) - Fox's newest reality experiment is a modern-day twist on "The Prince and the Pauper."
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LOS ANGELES (Hollywood Reporter) - Steven Spielberg loves billboards. That's the simple explanation for those giant double-billboard promos for "Indiana Jones and the Kingdom of the Crystal Skull" throughout Los Angeles, as well as the huge Indy messages
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LONDON (Reuters) - Carrie, Samantha, Charlotte and Miranda are back -- The "Sex and the City" TV stars took to the big screen on Monday with the world premiere in London of their tales of love and high fashion in New York.
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LOS ANGELES (Reuters) - If there is one thing director M. Night Shyamalan enjoys, it is spooking audiences with his supernatural movies, and he promises his June release, "The Happening," will be the scariest ride yet.
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| Software News |
Study: US Corporate Software Spending Slowing
(PC World)
PC World - One in four respondents to a new US corporate IT spending survey by ChangeWave Research said their company will spend less on...
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Microsoft Faces Another Interoperability Complaint in Europe
(PC World)
PC World - Microsoft's reluctance to make its Office suite interoperable with competing products has prompted a British government agency...
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Microsoft software gives free tours of space
(Reuters)
 Reuters - Any Star Trek fan knows that space
travel is not always easy, but Microsoft Corp wants to make
traveling the "final frontier" as simple as turning on your
computer.
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SOA Software buys LogicLibrary
(InfoWorld)
InfoWorld - Matching up critical components in the SOA space, SOA Software, which provides SOA governance automation, said Monday it has acquired SOA repository and governance vendor LogicLibrary.
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Microsoft readies service packs for dev tools
(InfoWorld)
InfoWorld - Microsoft released Monday beta versions of separate service packs for the Visual Studio 2008 software development platform and the accompanying .Net Framework 3.5, a Microsoft official said in a blog.
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Google's Friend Connect To Spread Social Data
(TechWeb)
TechWeb - InformationWeek - The software is part of an emerging set of technologies like OpenID, OAuth, OpenSocial, and the data access APIs published by Facebook, Google, and MySpace.
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