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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 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 Former CEO asks AIG to postpone annual meeting 12 May 08, 19:29 ET AP - Maurice R. Greenberg, the former chief executive and largest individual shareholder of AIG, is urging the insurer to postpone its annual meeting in the wake of its massive first-quarter loss, according to regulatory filing Monday. 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 Interest rates rise in weekly auction 12 May 08, 17:17 ET AP - Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels since February. more Morgan Stanley, rivals raise billions for infrastructure projects 12 May 08, 17:13 ET AFP - US investment bank Morgan Stanley said Monday it had raised four billion dollars for a new investment fund that will target large-scale global infrastructure projects. 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 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 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 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 Federal government surplus for April shrinks 12 May 08, 15:02 ET AP - The federal government ran a budget surplus of $159.3 billion in April, smaller than a year ago. 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 Mortgage cos. reveal damage from housing crisis 12 May 08, 14:30 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 Wachovia reviewing risk process, to cut jobs 12 May 08, 13:58 ET Reuters - Wachovia Corp , battered by mounting losses from mortgages and other debt and facing increasing regulatory scrutiny, is undertaking an independent review of its risk and compliance processes and cutting jobs, Chief Executive Ken Thompson said on Monday. more Clear Channel talks said under way 12 May 08, 13:52 ET Reuters - The banks and buyers in the Clear Channel Communications Inc case are in settlement talks, two sources familiar with the situation said on Monday, as the scheduled start of a New York trial over financing the $20 billion buyout was delayed. 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 Clear Channel banks to fund buyout: report 12 May 08, 12:35 ET Reuters - The banks that had been trying to pull out of the funding for the $20 billion buyout of Clear Channel Communications have reached a settlement with the private equity firms that had sued them, the Wall Street Journal reported on Monday. more Oil hits record high 126.40 dollars 12 May 08, 11:50 ET AFP - The price of crude oil struck a record high 126.40 dollars a barrel on Monday amid tensions in the Middle East and ongoing supply fears in Nigeria, traders said. 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 Oil price hits record high 126.40 dollars 12 May 08, 11:30 ET AFP - The price of crude oil struck a record high 126.40 dollars a barrel on Monday amid tensions in the Middle East and ongoing supply fears in Nigeria, traders said. more Morgan Stanley raises billions for infrastructure 12 May 08, 08:58 ET Reuters - Morgan Stanley and a fund set up by General Electric and Credit Suisse said on Monday they had collectively raised almost $10 billion for funds to invest in infrastructure. more Cablevision to acquire 97 pct of Newsday 12 May 08, 08:40 ET Reuters - Cablevision Systems Corp said on Monday it will acquire a 97 percent stake in Newsday media group through a partnership with Tribune company in a $650 million transaction. more MBIA slides to huge 1Q loss on hefty charges 12 May 08, 08:36 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 IndyMac Bancorp swings to 1st-qtr loss, sees 2008 loss 12 May 08, 08:19 ET AP - IndyMac Bancorp Inc. said Monday it 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 it would not post a profitable quarter in 2008. more HSBC profits rise despite $3.2 bln subprime hit 12 May 08, 08:13 ET AFP - Global bank HSBC said Monday that first-quarter profits climbed, despite taking a 3.2-billion-dollar (2.07-billion-euro) hit from its exposure to the US subprime housing market slump. 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 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 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 Stocks headed for moderately higher open as oil falls 12 May 08, 07:54 ET AP - U.S. stocks headed for a moderately higher open Monday as oil prices ticked lower and the dollar advanced. more MBIA posts huge loss on credit derivatives 12 May 08, 07:51 ET 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. more Sprint's loss widens on lost subscribers 12 May 08, 07:48 ET Reuters - Sprint Nextel Corp on Monday reported a wider quarterly loss amid steep customer defections and it forecast only marginal improvements in the current quarter. more Stock futures rise as oil pulls back 12 May 08, 07:46 ET Reuters - Stock index futures rose on Monday, in line with global equities, as the dollar strengthened and oil pulled back from record highs. more HSBC profits up despite $3.2 billion write-down 12 May 08, 07:10 ET AP - HSBC Holdings PLC said Monday that first-quarter profit was better than a year ago, despite a $3.2 billion write-down on subprime mortgage assets in the United States. more US health secretary: Chinese Heparin shipped to US now safe 12 May 08, 07:10 ET AP - A blood thinner manufactured in China and linked to dozens of deaths in the United States is now safe because of tighter testing and controls, a top American health official said Monday, while warning that all U.S. imports would face closer scrutiny in the future. more PMI Group swings to hefty 1Q loss on defaults 12 May 08, 06:42 ET AP - Mortgage insurer PMI Group Inc. said Monday it swung to a first-quarter loss from year-ago profit, due to hefty payouts on default claims and charges to write off its investment in bond insurer FGIC. more Oil prices retreat from $126 a barrel record 12 May 08, 06:05 ET AP - Oil prices retreated Monday in Asia from last week's record close near $126 a barrel as the dollar strengthened against the euro and yen. more Toyota says new US auto plant delayed 12 May 08, 05:57 ET AP - A senior Toyota executive said Monday that plans for a new auto assembly plant in Mississippi are being delayed by worries about slumping American auto sales and a broader U.S. economic slowdown. more China's April inflation rises to 8.5 percent 12 May 08, 02:29 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 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 ILFC considering split-up from insurer AIG: report 12 May 08, 01:36 ET Reuters - International Lease Finance Corp, a unit of American International Group , is worried by the insurer's financial troubles and mulling a split from it, the Wall Street Journal said on Monday, citing people familiar with the matter. 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

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