| Business News |
House passes housing bill; Bush lifts veto threat
(Reuters)
 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.
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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.
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Fed says price pressures gain, growth slackens
(Reuters)
 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."
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Pulte Homes second-quarter loss narrows
(Reuters)
Reuters - Pulte Homes Inc posted a
smaller quarterly loss on Wednesday, but said buyer confidence
remained shaky.
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Wall Street rises on oil drop, housing plan optimism
(Reuters)
 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.
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Waiters pick up part of LongHorn's labor costs
(AP)
 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.
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HotNews
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GENEVA (Reuters) - India welcomed on Wednesday an offer by the United States to limit its disputed farm subsidies as part of efforts to save a global trade deal but immediately came under pressure from Washington to make concessions itself.
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SDEROT, Israel (Reuters) - U.S. Democratic presidential candidate Barack Obama assured Israel and its U.S. Jewish supporters on Wednesday he was a friend who would not press for peace concessions that would compromise its security.
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TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad on Wednesday praised U.S. participation in last week's talks with Tehran on its disputed nuclear program as "a positive step" and said its arch foe had shown respect.
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WASHINGTON (Reuters) - The Arctic Circle holds an estimated 90 billion barrels of recoverable oil, enough supply to meet current world demand for almost three years, the U.S. Geological Survey forecast on Wednesday.
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NEW YORK (Reuters) - New York Mayor Michael Bloomberg and Microsoft Corp co-founder Bill Gates pledged $375 million on Wednesday to fight what they called a global tobacco epidemic.
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Internet
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MOSCOW (Reuters) - Carrying bags of stolen groceries, Oleg Vorotnikov takes out the batteries of his mobile phone before entering the secret headquarters of his underground art collective on the outskirts of Moscow.
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BEIJING (Reuters) - Chinese police have arrested a prominent Internet dissident for violating his probation terms, a rights group said, as the country steps up a pre-Olympic crackdown on dissent to ensure the Games go smoothly.
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NEW YORK (Reuters) - A British actress who earned YouTube stardom after posting monologues about her failed high society marriage was cruel to her husband and must vacate their apartment within a month, a New York judge ruled on Monday.
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BOSTON/SAN FRANCISCO (Reuters) - Fund manager Bill Miller, one of Yahoo Inc's top shareholders, dealt a blow on Friday to billionaire investor Carl Icahn's two-month campaign to replace the Internet firm's directors, throwing his support behind Yahoo's cu
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MOSCOW (Reuters) - Rambler Media, the British-registered owner of Russia's Rambler Internet portal, said on Friday it has agreed to sell the Begun advertising agency to Google Inc for $140 million.
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Business
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NEW YORK (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.
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WILMINGTON, Delaware (Reuters) - A group of SemGroup LP creditors on Wednesday raised the prospect that unauthorized energy trading may have caused the $3.2 billion loss that sank the 12th-biggest privately held U.S. company.
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NEW YORK (Reuters) - Pulte Homes Inc posted a smaller quarterly loss on Wednesday, but said buyer confidence remained shaky.
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WASHINGTON (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."
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SAN FRANCISCO (Reuters) - Amazon.com Inc's quarterly net income doubled from a year ago and beat Wall Street targets, though much of the gain was related to the sale of European DVD rental assets, confusing some investors.
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Technology
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WASHINGTON (Reuters) - The merger of the two U.S. satellite radio companies was poised for approval as a pivotal member of the Federal Communications Commission neared agreement to cast a tie-breaking vote in favor of the deal, a source familiar with the
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HELSINKI (Reuters) - The German Federal Patent Court ruled on Wednesday that a Qualcomm Inc GSM patent asserted in a case against the world's top cell phone maker Nokia was invalid.
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SAN FRANCISCO (Reuters) - Google Inc opened its website Knol to the public on Wednesday, allowing people to write about their areas of expertise under their bylines in a twist on encyclopedia Wikipedia, which allows anonymity.
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FRANKFURT (Reuters) - Ehssan Dariani, founder of German social network studiVZ, never made any secret of his admiration for Facebook, which is now suing studiVZ for copying its ideas and look.
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BEIJING (Reuters) - Chinese police have arrested a prominent Internet dissident for violating his probation terms, a rights group said, as the country steps up a pre-Olympic crackdown on dissent to ensure the Games go smoothly.
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Science
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MILAN (Reuters) - The amount of a controversial chemical bisphenol A (BPA) found in baby bottles is tiny and cannot harm human health, the European Union's top food safety body said on Wednesday reacting to recent health concerns.
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WASHINGTON (Reuters) - Disease spread to wild bees from commercially bred bees used for pollination in agriculture greenhouses may be playing a role in the mysterious decline in North American bee populations, researchers said on Tuesday.
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WASHINGTON (Reuters) - People infected with parasitic worms may be much more susceptible to the AIDS virus, according to a study published on Tuesday that may help explain why HIV has hit sub-Saharan Africa particularly hard.
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WASHINGTON (Reuters) - Disease spread to wild bees from commercially bred bees used for pollination in agriculture greenhouses may be playing a role in the mysterious decline in North American bee populations, researchers said on Tuesday.
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MIAMI (Reuters) - The 2008 Atlantic hurricane season is already a month ahead of schedule, portending a rough year for tropical storms for the United States, Caribbean and Central America although most likely not a repeat of the devastating 2005 season.
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Sport
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WASHINGTON (Reuters) - Cyclist and testicular cancer survivor Lance Armstrong joined forces with four former U.S. surgeons general on Wednesday to urge Americans to do more to prevent cancer and get recommended screening tests.
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L'ALPE D'HUEZ, France (Reuters) - Spaniard Carlos Sastre seized the Tour de France yellow jersey with victory in the last mountain stage on Wednesday but looked incapable of preventing Cadel Evans from winning the race.
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TORONTO (Reuters) - After battling punishing conditions at the British Open, Canadians Mike Weir and Stephen Ames face another daunting challenge in trying to end a 54-year drought for home players at the Canadian Open.
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JAUSIERS, France (Reuters) - Frank Schleck returns to the mountain where he first showed his Tour credentials in Wednesday's 17th stage to l'Alpe d'Huez, hoping to end the hopes of his rivals in the Tour de France's best known climb.
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DETROIT (Reuters) - When the first pitch of the Olympic baseball tournament is thrown on August 13, New York Yankees' Derek Jeter and Alex Rodriguez will be in Minnesota, Seattle Mariners' Ichiro Suzuki in Anaheim and Red Sox' Daisuke Matsuzaka in Boston.
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Entertainment
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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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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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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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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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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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