| Business News |
Insurer AIG has $7.8 bln Q1 loss, to raise capital
(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.
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Oil surges to record high as funds march in
(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.
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Citigroup mulls up to $400 bln asset sales: source
(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.
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Nissan to outsource sales network setup in India
(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.
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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.
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More shoppers seeking shelter from economy in discounters
(AP)
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.
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| 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.
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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.
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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.
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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.
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With Microsoft mum, analysts mull next moves for Live Search
(AP)
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.
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Free software takes on Microsoft Office
(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).
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