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Business News
Insurer AIG has $7.8 bln Q1 loss, to raise capital (Reuters)

A sign on an office building for AIG, American International Group, is pictured in Los Angeles, California May 8, 2008. (Fred Prouser/Reuters)Reuters - American International Group Inc , the world's largest insurer, posted its largest ever quarterly loss on Thursday after writing down assets linked to subprime mortgages, and said it would raise $12.5 billion to strengthen its balance sheet.


Oil surges to record high as funds march in (Reuters)

A customer pumps gas at a Mobil gas station in Medford, Massachusetts, April 30, 2008. (Brian Snyder/Reuters)Reuters - Oil rose to a fresh record near $125 a barrel on Friday, as a strong performance over the last week and a surge in heating oil futures convinced investment funds to push prices higher.


Citigroup mulls up to $400 bln asset sales: source (Reuters)

A man walks past the Citibank building in San Francisco, California April 30, 2008. (Robert Galbraith/Reuters)Reuters - Citigroup Inc will present plans to sell as much as $400 billion of extraneous assets when it meets with investors and analysts on Friday, a person familiar with the situation said.


Nissan to outsource sales network setup in India (Reuters)

A photographer takes a picture of the 2009 Nissan Maxima on stage during the Nissan presentation at the 2008 New York International auto show March 19, 2008. (Lucas Jackson/Reuters)Reuters - Japan's Nissan Motor Co said on Friday it had appointed Hover Automotive India Private to develop its sales network in India, with the aim of establishing 55 dealers by 2012 to sell more than 100,000 vehicles that year.


Societe Generale names Didier Valet as new CFO (Reuters)
Reuters - Societe Generale on Friday said it had named Didier Valet, head of strategic performance management at its finance division as its news chief financial officer.
More shoppers seeking shelter from economy in discounters (AP)

Shoppers move around the new Hennes & Mauritz (H&M) store at The Americana at Brand retail complex in Glendale, Calif. Friday, May 2, 2008. Consumers gave some of the nation's retailers a little relief in April after months of dismal sales, gravitating toward less expensive discounters and wholesale clubs but generally still shying away from stores selling clothes and other non-necessities. (AP Photo/Damian Dovarganes)AP - Caught in the maelstrom of higher gas and food prices, Americans — even more affluent ones — are seeking shelter in wholesale clubs and discount apparel chains.


Software News
Windows Vista More Vulnerable To Malware Than Windows 2000 (TechWeb)
TechWeb - InformationWeek - Vista let 639 threats per thousand computers through, compared with 586 for Windows 2000, 478 for Windows 2003, and 1,021 for Windows XP, security vendor PC Tools said.
Four Microsoft Security Patches Due Next Week (PC World)
PC World - Microsoft plans to fix critical bugs in its Word, Publisher and Jet database software next week.
Intel, Sun: So Happy Together, When It Comes To Software (TechWeb)
TechWeb - InformationWeek - The joint development efforts have been broader and deeper than anticipated, company executives reveal.
Grand Theft Auto IV Speeds Past Six Million Mark (NewsFactor)
NewsFactor - Since its release on April 29, global sales of the Grand Theft Auto 'GTA IV' video game from Take-Two Interactive Software (Nasdaq: TTWO) have surpassed six million units, with an estimated retail value of more than $500 million in the first week. Over the first day alone, GTA IV sales were approximately 3.6 million units with a retail value of $310 million worldwide.
With Microsoft mum, analysts mull next moves for Live Search (AP)

In this Nov. 7, 2007 file photo, Microsoft Corp. Chief Executive Officer Steve Ballmer reacts during Tech.Ed, a technology conference, at the Great Hall of the People in Beijing, China. Without the influx of Web traffic Microsoft bet would quickly follow a Yahoo buyout, the software maker is facing a long slog if it wants to turn its money-losing online services business into a Google-killer. (AP Photo/Ng Han Guan, file)AP - Without the influx of Web traffic that Microsoft bet would quickly follow a Yahoo buyout, the software maker is facing a long slog if it wants to turn its money-losing online services business into a Google-killer.


Free software takes on Microsoft Office (Reuters)

People use computers at an internet cafe in Changzhi, north China's Shanxi province September 25, 2006. (Stringer/Reuters)Reuters - Pierre Avignon is no pirate, but he does not believe in paying for software. His computer is filled with programs like Symphony -- a free suite that he downloaded from an International Business Machines Corp website (http://symphony.lotus.com).