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Find a mentor and you can help each other 12 May 08, 23:30 ET FT.com - We were standing in downtown Kaiserslautern, West Germany, in 1990 when Professor P, from my undergraduate school, offered me the last piece of advice he ever gave me: "Don't go to any of the sex shops here. They'll rip you off." more Google offers to imbue all websites with social networking 12 May 08, 23:18 ET AFP - Google has set out to enable all websites, free of charge, to be imbued with common social networking features as the Internet evolves toward becoming a giant community along the lines of MySpace or Facebook. more Former CEO asks AIG to postpone annual meeting 12 May 08, 21:59 ET AP - Maurice R. Greenberg, the former chief executive and largest individual shareholder of AIG, says the insurer is "in crisis" and urged it to postpone its annual meeting in the wake of its massive first-quarter loss, according to regulatory filing Monday. more Australia's Westpac bids $17.6 billion for St George 12 May 08, 21:57 ET Reuters - Westpac Banking Corp Ltd launched a $17.6 billion all-share bid for smaller rival St George Bank Ltd in a tie-up that would create Australia's biggest bank by market value. more Finmeccanica to buy DRS for $5.2 billion 12 May 08, 21:54 ET Reuters - Italy's Finmeccanica SpA reached a $5.2 billion deal to buy DRS Technologies Inc. securing itself a bigger presence in the growing U.S. defense market which accounts for half the world's military spending. more AIG sees no need to honor ex-CEO request to delay AGM 12 May 08, 20:54 ET Reuters - Maurice "Hank" Greenberg, former chief executive of American International Group , has said the insurer is in "crisis" and urged a delay in its annual general meeting scheduled for Wednesday, according to a letter he sent to the board. more Beazer Homes releases long awaited '07 results 12 May 08, 19:35 ET Reuters - Home builder Beazer Homes USA said on Monday that it lost $10.70 per share in fiscal 2007, it released restated results for several years, and said it remains the target of several state and federal investigations. more Nigeria to probe abuse of 'expatriate quota' by foreign oil companies 12 May 08, 19:01 ET AFP - The Nigerian government will investigate allegations that international oil companies operating in the upstream sector employ more foreigners than allowed by the law, an official statement said. more Finmeccanica to offer $5.26 billion for DRS: source 12 May 08, 18:37 ET Reuters - Italian aerospace company Finmeccanica Spa is to make a friendly takeover bid worth 3.4 billion euros ($5.26 billion) for DRS Technologies Inc of the United States, sources close to the deal said late on Monday. more HP in 'advanced discussions' to buy EDS 12 May 08, 17:52 ET AFP - Hewlett-Packard Co. said Monday it is in "advanced discussions" with Electronic Data Systems Corporation (EDS) regarding a possible tie-up involving the two companies. more JPMorgan may face SEC civil charges 12 May 08, 17:46 ET Reuters - JPMorgan Chase & Co said on Monday that it received a notice from federal regulators indicating that one of its units may face an enforcement action related to "the bidding of various financial instruments associated with municipal securities." more Chavez nationalizes biggest steelmaker 12 May 08, 17:08 ET AFP - Venezuelan President Hugo Chavez on Monday nationalized the country's biggest steelmaker Ternium-Sidor, which is majority owned by Argentina's Techint. more Clear Channel in settlement talks, trial delayed 12 May 08, 17:06 ET Reuters - Talks are underway to settle a dispute over financing the $20 billion leveraged buyout of U.S. radio operator Clear Channel Communications Inc , the company said in a statement on Monday. more Despite Grand Theft Auto, Nintendo Leads Game Sales 12 May 08, 16:40 ET NewsFactor - With all the hubbub over Grand Theft Auto IV, the video-game world is anxious to learn how the blockbuster game really impacted industry sales. NPD Group's monthly sales data is expected later this week, but some analysts have issued predictions ahead of the curve. more Webcam, Remote Access Nab Mac Laptop Thieves 12 May 08, 16:39 ET NewsFactor - A webcam and Apple's .Mac subscription service resulted in the arrest of two thieves and the recovery of Kait Dupalga's Mac laptop. Dupalga, an employee at the Apple Store in White Plains, N.Y., lost her Mac when thieves broke into an apartment she shares with two roommates. The thieves took the computer along with televisions, DVDs, iPods, a box of liquor, and even a set of car rims. more Google Friend Connect Turns Web Sites Into Social Networks 12 May 08, 16:39 ET NewsFactor - Social networks provide powerful mechanisms for connecting people and information, but their benefits are limited to those who sign up with one service or another. For example, a Facebook user can't use her content or friends on LinkedIn or any other network. more Mortgage cos. reveal damage from housing crisis 12 May 08, 16:38 ET AP - Broad damage in the mortgage industry was in full view Monday as a number of companies posted dismal first-quarter earnings, but there were also some hope that the worst of the housing crisis is over. more Former AIG chief Greenberg urges AGM delay 12 May 08, 16:31 ET Reuters - Former American International Group CEO Maurice "Hank" Greenberg has said the insurer is in "crisis" and urged a delay in its annual general meeting scheduled for Wednesday, according to a letter he sent to the board of directors. more Crude falls after hitting new record above $126 12 May 08, 16:22 ET AP - Oil prices briefly spiked to a new record above $126 a barrel Monday but ended the day lower as investors cashed in profits and an earthquake in China raised the possibility of a drop in demand. more Stocks advance as oil falls, dollar advances 12 May 08, 16:18 ET AP - Wall Street rallied Monday as oil prices, supported by a stronger dollar, fell back and alleviated some of investors' concerns about accelerating inflation. The Dow Jones industrials gained 130 points. more Wachovia cutting fixed-income and support jobs 12 May 08, 16:11 ET Reuters - Wachovia Corp Chief Executive Ken Thompson told investors on Monday his hard-hit U.S. regional bank was cutting back corporate and investment bank jobs to reduce costs. more Wall Street finishes up more than 1 percent on tech 12 May 08, 16:10 ET Reuters - Stocks closed sharply higher on Monday as the introduction of a faster BlackBerry spurred optimism about business spending on technology while cooling oil prices eased inflation concerns. more HP close to deal to buy EDS: report 12 May 08, 15:21 ET Reuters - Hewlett-Packard Co is close to a deal to buy Electronic Data Systems Corp for $12 billion to $13 billion, the Wall Street Journal reported on its Web site on Monday. more Old gas pumps can't handle ever-rising prices 12 May 08, 15:12 ET AP - Mom-and-pop service stations are running into a problem as gasoline marches toward $4 a gallon: Thousands of old-fashioned pumps can't register more than $3.99 on their spinning mechanical dials. more Long slump may follow crunch: JPMorgan CEO 12 May 08, 14:37 ET Reuters - JPMorgan Chase & Co Chairman and Chief Executive Jamie Dimon on Monday told bank investors that while the current credit market crunch may soon be over, the U.S. economy could still face a deep and extended recession. more HBO seen selling shows on Apple's iTunes 12 May 08, 14:36 ET 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, a source familiar with the discussions said on Monday. more JPMorgan Chase CEO: recession is just beginning 12 May 08, 14:30 ET AP - JPMorgan Chase & Co.'s chief executive said Monday that while the crisis in the credit markets appears to be three-quarters over, he believes a U.S. recession is just beginning. more Newest BlackBerry aims to keep Apple iPhone at bay 12 May 08, 13:11 ET AFP - Research in Motion unveiled Monday its latest BlackBerry smartphone with new styling and technology that aims to bite into Apple's juicy iPhone sales. more IndyMac Bancorp swings to 1st-qtr loss, sees 2008 loss 12 May 08, 12:21 ET AP - IndyMac Bancorp Inc. swung to a loss in the first quarter as deteriorating credit markets forced the mortgage lender to lower the value of mortgage-backed securities, and warned Monday it would not post a profitable quarter in 2008. more Sprint's loss widens, sees slow improvement 12 May 08, 11:59 ET Reuters - Sprint Nextel Corp , the No. 3 U.S. wireless service provider, said on Monday it may seek changes to its credit agreements, raising questions about how long it will take to turn around the business. more BlackBerry Goes Bold with New 3G Smartphone 12 May 08, 11:48 ET NewsFactor - BlackBerry has gone bold and high-speed. On Monday, Research In Motion (RIM) announced the BlackBerry Bold, a new mobile device that it said will give business users "unprecedented functionality and performance" as the first BlackBerry to support tri-band HSDPA. more MBIA slides to huge 1Q loss on hefty charges 12 May 08, 09:34 ET AP - MBIA Inc. swung to a $2.41 billion loss during the first quarter as the bond insurer faced ongoing deterioration in the credit markets and recorded billions in write-downs. more Mom: An Entrepreneur's Secret to Success 12 May 08, 08:08 ET BusinessWeek Online - Richard Branson's parents told him to never criticize anyone. He still tries to apply that rule at Virgin Group. When Bobbi Brown was struggling to decide what to do with her life, her mother suggested a mental exercise that lead to the creation of her eponymous cosmetics business, Bobbi Brown Cosmetics. Napoleon Barragan, founder of 1-800-Mattress, remembers his mother washing his family's clothes by hand in the river, an image that inspired his drive to succeed. more Behind AIG's Nasty Surprise 12 May 08, 08:08 ET BusinessWeek Online - American International Group's financial results took a sharp turn for the worse in the first quarter and sent a shock wave through the equity markets, renewing concerns that there's likely to be more fallout from the credit crisis. more Tax Avoidance 12 May 08, 08:08 ET BusinessWeek Online - Last month, a small Houston-based oil and gas company called Contango (AMEX:MCF - News) hired Merrill Lynch to explore the possibility of selling the company. Patrick Gundlach, portfolio manager of the Marshall Small-Cap Growth Fund (NASDAQ:MRSCX - News), which has a stake in Contango, wondered why, and asked the company's management. Was it the overwhelming interest in developing new sources for oil extraction? Was it the potential price that could be gotten in this market? more The Coming Boom in Boomer-Friendly Transport 12 May 08, 08:08 ET BusinessWeek Online - The oldest baby boomers start turning 65 in less than three years, but car-crazed American society isn't ready, and neither are the boomers themselves. more Hearings planned on energy market speculation: report 12 May 08, 02:28 ET Reuters - A House committee has started investigating speculation in energy markets, with plans to hold hearings in May and June, the Wall Street Journal said on Monday, citing a Democratic aide and several other people invited as witnesses. more Person close to talks: Cablevision close to buying Newsday 12 May 08, 00:45 ET AP - Cablevision Systems Corp. is close to buying the Long Island newspaper Newsday from Tribune Co. for $650 million, a person with knowledge of the situation said Sunday. more Study: Retirement savers make costly 401(k) mistakes 12 May 08, 00:07 ET AP - Despite extensive efforts to educate workers about saving for retirement, many employees are not doing a good job of managing their company-sponsored 401(k) accounts, a new study indicates. more China's April inflation rises to 8.5 percent 12 May 08, 00:00 ET AP - 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 ahead of the Summer Olympics, according to official data reported Monday. more

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