Business

South Korean computer hackers compete during an information security olympiad at AP

SKorea says attackers used IP address in 5 nations

AP – 34 mins ago

SEOUL, South Korea – South Korea said Friday it had identified and blocked five IP addresses used to distribute computer viruses that caused a wave of Web site outages in the U.S. and South Korea. Full Story »

  • Jobless claims indicate economy remains weak

    AP – Thu Jul 9, 4:24 pm ET
    Job seeker Rosy Ramirez, left, from Bridgewater, N.J., listens... AP

    WASHINGTON - Even though new claims for jobless benefits fell more than expected last week, dipping below 600,000 for the first time since early January, the number of Americans seeking this safety net points to an economy that is still very weak. Full Story »

  • India's Infosys says quarterly profit up 1.6 pct

    AP – 2 hrs 6 mins ago

    MUMBAI, India - Indian outsourcing bellwether Infosys Technologies Ltd. reported a slight rise in quarterly profit in dollar terms but warned of a steep drop in revenue as its global clients struggle to cope with the economic slowdown. Full Story »

  • Bank of England holds key rate at 0.5 percent

    AP – Thu Jul 9, 8:10 am ET

    LONDON - The Bank of England kept its key interest rate on hold at a record low 0.5 percent Thursday and surprise markets by saying it would not for the moment seek to expand its 125 billion pound cash injection into the British economy. Full Story »

  • AIG in talks to sell big Alico unit to MetLife: report

    Reuters – Thu Jul 9, 8:46 am ET
    A statue stands atop Grand Central Station in front of the MetLife... Reuters

    NEW YORK (Reuters) - American International Group Inc has resumed talks to sell its American Life Insurance Co unit to MetLife Inc in a transaction that could help the stricken insurer raise more than $15 billion, the Financial Times said. Full Story »

  • Weak retail sales in June raise worries

    AP – Thu Jul 9, 4:01 pm ET
    FILE - In this May 27, 2009 file photo, shoppers wait in line... AP

    NEW YORK - After yet another weak month, retailers are preparing to fight for their share of crucial back-to-school shopping. But they may have to keep discounting to keep consumers coming in, given escalating job uncertainty. Full Story »

  • For many Americans, health cover is key to a job

    Reuters – Thu Jul 9, 9:26 am ET

    SOUTHLAKE, Texas (Reuters) - Real estate agent Lisa DeWaal serves coffee at a Starbucks outlet for four hours every morning before she goes to the office to start her "day job." Full Story »

  • Official producer prices in biggest drop since 2001

    AFP – 1 hr 17 mins ago
    A forklift truck driver moves vehicle parts outside a factory... AFP/File

    LONDON (AFP) - The price of goods leaving factories fell in June at the fastest 12-month rate for almost eight years as oil prices slumped, official data showed Friday. Full Story »

  • Report: AIG in talks for unit sale to MetLife

    AP – Wed Jul 8, 11:15 pm ET
    FILE - In this March 19, 2009 file photo, a car speeds past the... AP

    American International Group Inc. is discussing a deal for all or part of its foreign unit, American Life Insurance Co., with MetLife Inc., according to a published report Wednesday that cited people familiar with the matter. Full Story »

  • Poll: Would-be homebuyers cautious as layoffs rise

    AP – Thu Jul 9, 1:21 am ET
    A feb. 18, 2009 file phto shows new homes for sale in Homestead,... AP

    WASHINGTON - More than half of potential homebuyers say they're still not prepared to jump into the market, and fear of losing their jobs is the No. 1 reason, a new poll shows. Full Story »

  • Identity Thieves Target Job Seekers

    BusinessWeek Online – Thu Jul 9, 8:08 am ET

    Never mind landing the job. Now people on the lookout for employment have another cause for worry: identity theft. As the joblessness rate soars, scammers are ginning up fake Web sites or posing as recruiters to trick job seekers into giving up sensitive personal information. Full Story »

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World News

A charging bull gored a young Spanish man to death Friday at Pamplona's San Fermin festival, the first such fatality in nearly 15 years. Nine others were injured in a particularly dangerous and chaotic chapter of the running of the bulls. Full Story »

Technology News

Google Inc. Chief Executive Eric Schmidt can't wait for the Internet search leader's free operating system to debut next year. Full Story »

Science News

Mysterious tremors detected on San Andreas Fault

AP – Thu Jul 9, 2:01 pm ET

Scientists have detected a spike in underground rumblings on a section of California's San Andreas Fault that produced a magnitude-7.8 earthquake in 1857. Full Story »

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