AP - The Environmental Protection Agency on Friday ordered Enbridge Energy Partners to stop the flow of oil from its leaking pipeline outside of Chicago by noon Monday.
PC World - Every time a virus like the current "Here You Have" worm comes around, people shake their heads, wring their hands and wonder how "computer security" can be improved.
AP - A federal appeals court has sided with the computer software industry in its effort to squelch sales of second-hand programs covered by widely used licensing agreements.
Investor's Business Daily - Nokia has tapped a senior Microsoft (NMS:MSFT) executive as its new CEO, hoping to staunch steady erosion of cell phone market share and catch up in the fast-growing smart-phones arena.
Summary Box: Wholesale inventories and sales both post better-than-expected gains in July Wholesale - Business - United States Department of Commerce - Conferences - Wholesale Trade
The Upshot - Here is our roster of stories that managed to evade full-on blog treatment today: ⢠Salvatore Giunta, a 22-year-old paratrooper, has become the first living soldier since Vietnam to be awarded the Medal of Honor. He rescued three fellow soldiers by running into a Taliban ambush. (Washington Post) ⢠The Justice Department will not seek [...]
Reuters - The International Monetary Fund said on Friday that downside risks to global recovery have intensified due to recent turbulence in sovereign debt markets and continued weakness in the financial sector.
AFP - More than 450 Chrysler bosses including ex-chairman Lee Iacocca sued Daimler AG and Cerberus Friday claiming they lost 100 million dollars in pensions in the automaker's bankruptcy.
AP - Two Seattle-area men pleaded guilty Friday to federal charges stemming from an illegal tax shelter that enabled wealthy clients — including philanthropist Robert Wood Johnson IV and Hollywood mogul Haim Saban — to avoid paying taxes on $1.3 billion in capital gains.
Reuters - Investors are using options to brace for big swings next week as Wall Street enters the peak of the most volatile month for stocks historically.
AP - A federal judge on Friday allowed the holder of a movie copyright to subpoena the names of people accused of illegally downloading and distributing a film over the Internet.
Reuters - The Dow and S&P 500 closed the week with their seventh gain in eight sessions in a turnaround period for stocks that has seen investors' worst fears about the economy start to dissipate.
Reuters - The Treasury Department has selected Patricia Geoghegan to replace Kenneth Feinberg as the "pay czar" overseeing compensation at companies bailed out by the government.
Ben Patterson - Claiming that the iPhone 4’s infamous "death grip" problem is "even smaller than we originally thought," Apple announced Friday that it would end its offer of free cases for all iPhone 4 owners by the end of the month.
Reuters - Apple Inc said on Friday it will end its free iPhone case giveaway at the end of September, saying the antenna problem was smaller than the company originally thought.
AP - U.S. investigators have widened their probe of alleged kickbacks paid to Russian authorities by employees of a Hewlett-Packard Co. subsidiary in Germany.
AP - Sun Country Airlines said a bankruptcy judge approved its reorganization plan on Friday, putting it another step closer to emerging from Chapter 11 protection.
Ben Patterson - DVD rental kiosks from Redbox and Blockbuster seem to be popping up on every corner these days, but home-video market analysts are predicting that demand for the ultra-convenient kiosks could soon start cooling off as video streaming and video-on-demand gain in popularity.
PC World - Grayson Wendell must really love the Android operating system---so much that he constructed a huggable model of the Android mascot entirely out of Lego bricks. Using a program he wrote to design Lego domes (does this make it CALDD software---computer-aided Lego dome design?), Grayson spent a week developing and building the 15-inch Lego mascot.
U.S. News & World Report - While the nation's real estate crash has been a nightmare for homeowners, it has created some outstanding opportunities for would-be buyers. Home prices in 20 major cities dropped 33 percent from the summer of 2006 to the spring of 2009--and in certain markets, the plunge was even steeper. At the same time, the federal government's efforts to revive the housing market have helped drive financing costs to record lows. Thirty-year fixed mortgage rates fell to an average of 4.32 percent for the week ending September 2. That's the lowest level in nearly 40 years of record-keeping. ...
Appolicious - How much do two million Wikipedia articles weigh? About as much as your Android phone. WikiMobile Encyclopedia delivers the content of Wikipedia to your phone in an Android app. It works, but it's not the only game in town for accessing Wikipedia material over a cell phone.
Reuters - All candidates vying to be the next so-called Sheriff of Wall Street say they will find the bad apples without overturning the applecart in the financial capital's fragile economic recovery.
Wholesale inventories surged the most in two years in July, adding to signs that economic growth in the third quarter of the year may prove a bit stronger than many forecasters had expected.
AFP - Google's open-source Android will become the number two mobile operating system this year, leapfrogging BlackBerry and challenging market leader Nokia's Symbian by 2014, a research firm said Friday.
AP - Nokia Corp. is replacing CEO Olli-Pekka Kallasvuo with Microsoft executive Stephen Elop as the world's top maker of mobile phones aims to regain lost ground in the fiercely competitive smart phone market.
(RTTNews) - US wholesale inventories rose the most in two years in July, a sign that merchants expect consumer demand to pick up. Inventories rose 1.3% to $405.0 billion in July from the previous months upwardly revised levels, according to a report from the Commerce Department released Friday.
Reuters - Michael Barr, assistant treasury secretary for financial institutions, and Edward DeMarco, acting director of the Federal Housing Finance Agency will testify on Capitol Hill next week on the future of Fannie Mae and Freddie Mac .
AP - The Greek government pledged Friday to radically overhaul loss-making state rail company OSE, as official data showed efforts to cut the country's bloated budget deficit remained on track, if slightly asthmatic.
Wholesale inventories increase in July by largest amount in 2 years while sales post rebound Business - Government - Wholesale Trade - United States - Conferences
Reuters - Nokia has hired Stephen Elop, a Canadian Microsoft executive with Silicon Valley credentials, to replace its embattled chief executive and renew its drive to compete with Apple.
Inventories held by wholesalers surged in July by the largest amount in two years while sales rebounded after two straight declines. The Commerce Department said Friday that wholesale inventories rose 1.3 percent in July, the best performance since July 2008... Wholesale - Business - Conferences - Computer Science - Wholesale Trade
BusinessWeek - Brigham Young University's Marriott School of Management (Marriott Full-Time MBA Profile) offers students more than a rigorous business education. Students at the school, owned by the Church of Jesus Christ of Latter-day Saints, are required to abide by a strict honor code, based on the tenets of the Mormon religion. The code includes rules against academic dishonesty and requires students to "live a chaste and virtuous life." It also prohibits drugs, alcohol, and coffee -- even at home. ...
AFP - European stock markets drifted lower on Friday amid mixed world economic data, while a reported plan by Deutsche Bank to issue new shares reignited concerns about the health of Europe's banking sector.
AP - As co-president at Oracle Corp., ousted Hewlett-Packard Co. CEO Mark Hurd will have to adapt to a new role playing second fiddle to one of Silicon Valley's most domineering bosses — Larry Ellison.
AP - Retail Ventures Inc., which operates the DSW shoe store chain, posted a 67 percent jump in second-quarter net income as a key revenue figure improved.