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Business News
Cablevision and Tribune seal Newsday deal (Reuters)

The Tribune Tower in Chicago, April 2, 2007. (John Gress/Reuters)Reuters - Cablevision Systems Corp sealed a $650 million deal to buy 97 percent of Newsday Media Group from Tribune Co, the companies said on Monday, after Rupert Murdoch's News Corp (NWSa.N) withdrew its bid.


Sprint's loss widens on lost subscribers (Reuters)

Dan Hesse, president and CEO of Sprint Nextel, speaks during a keynote address at the CTIA Wireless convention in Las Vegas, Nevada April 1, 2008. (Steve Marcus/Reuters)Reuters - Sprint Nextel Corp , the No. 3 U.S. wireless service provider, reported a wider quarterly loss on Monday on steep customer defections, and forecast only marginal improvements in the current quarter.


Stocks advance with financial companies (Reuters)

Traders work on the floor of the New York Stock Exchange, April 3, 2008. (Keith Bedford/Reuters)Reuters - Stocks advanced on Monday as financial shares added to gains after bond insurer MBIA said quarterly revenue dropped less than it reported initially.


Clear Channel trial delayed till Tuesday (Reuters)

A view of the Clear Channel offices in Burbank, California March 24, 2008. (Fred Prouser/Reuters)Reuters - The scheduled start on Monday of a trial over financing for the $20 billion buyout of Clear Channel Communications has been delayed until Tuesday.


MBIA posts huge loss on credit derivatives (Reuters)
Reuters - MBIA Inc said on Monday unrealized losses on insured derivatives skyrocketed in the first quarter, pushing the world's largest bond insurer into a sharp quarterly loss.
China's April inflation near decade-high levels (AP)

Pork vendors uses mobile phones while waiting for customers at their store in Beijing Monday, May 12, 2008. China's inflation rebounded in April to near decade-high levels, adding to pressure on Beijing to cool rapid price rises and avert possible unrest of the summer Olympic, according to official data reported Monday. (AP Photo/Andy Wong)AP - China's inflation rose in April to near decade-high levels, according to data released Monday, increasing pressure on Beijing to cool rapidly ascending prices and avert possible unrest ahead of the Summer Olympics.


Software News
ATM Glitch Hits Systems Integration at Major Japanese Bank (PC World)
PC World - A software glitch that crept into a massive system integration project at Japan's Bank of Tokyo Mitsubishi UFJ left thousands...
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.