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Wired News: Top Stories
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Wall Street Tumbles Amid Global Sell-off
Posted: October 6th, 2008, 8:56am CDT by Associated Press
Wall Street tumble, joining a sell-off around the world, as fears grow that the financial crisis will cascade through economies globally despite bailout efforts by the U.S. and other governments. The credit market remained under strain, and investors piled into government bonds. The Dow Jones industrials skidded more than 300 points.
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Wall Street Set to Follow Global Sell-Off
Posted: October 6th, 2008, 6:47am CDT by Associated Press
Global markets sell off after European governments take steps to limit the damage from the growing global financial crisis. U.S. stocks appear headed for a steep drop at the opening, and the credit markets remained under strain.
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3 European Scientists Share Nobel Medicine Prize
Posted: October 6th, 2008, 6:44am CDT by Associated Press
Three European scientists share the 2008 Nobel Prize in medicine for separate discoveries of viruses that cause AIDS and cervical cancer. French researchers Francoise Barre-Sinoussi and Luc Montagnier were cited for their discovery of HIV while Germany's Harald zur Hausen was honored for finding human papilloma viruses that cause cervical cancer, the second most common cancer among women.
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European, Asian Markets Plunge on Crisis Fear
Posted: October 6th, 2008, 6:02am CDT by Associated Press
Asian and European stock markets plunge as government bank bailouts in the U.S. and Europe failed to alleviate fears that the global financial crisis would depress world economic growth. Britain's benchmark stock index fell 4.42 percent and Germany's DAX index fell 4.22 percent to 5,552.27. Across Asia, all markets were also in the red; Tokyo's Nikkei 225 index fell to its lowest level in 4 1/2 years, sinking 4.25 percent to 10,473.09.
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Congress Clears Hotly Contested Bailout Bill
Posted: October 3rd, 2008, 12:33pm CDT by Associated Press
Congress passes complex and highly criticized legislation authorizing $700 billion in government money to shore up the nation's stressed financial industry. The 263-171 vote by the House sends the Senate-passed version to the White House for President Bush's signature. Among many features, the measure would allow the Treasury Department to buy up bad debt from various lending institutions.
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House Schedules Second 'Rescue Plan' Vote Today
Posted: October 3rd, 2008, 7:44am CDT by Associated Press
Rejected once amid public fury about bailing out reckless financiers, a $700 billion rescue package gets a second chance in the House as voters anxiously ponder an economic meltdown that could wipe out their ability to borrow, plunder their savings and put them out of work.
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Fossett Slammed into a Mountain: Search Official
Posted: October 3rd, 2008, 6:11am CDT by Associated Press
Thirteen months after millionaire thrill-seeker Steve Fossett mysteriously disappeared, authorities finally know what happened to his small single-engine airplane: It slammed straight into a mountain on a cloudy day.
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'Columbia' Astronaut's Diary Goes on Display
Posted: October 3rd, 2008, 5:45am CDT by Associated Press
Pages from an Israeli astronaut's diary that survived the explosion of the space shuttle Columbia and a 37-mile fall to earth are going on display this weekend for the first time in Jerusalem.
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Stocks Decline on Unemployment, Factory Reports
Posted: October 2nd, 2008, 9:54am CDT by Associated Press
Stocks tumbled and credit markets remain tight after an unexpected rise in unemployment claims and a drop in factory orders underscored the troubles facing the economy even if lawmakers are able to pass a financial rescue aimed at resuscitating the ailing credit markets.
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House Girds For Second Try on Financial Rescue
Posted: October 2nd, 2008, 6:49am CDT by Associated Press
House members are getting another chance to vote on a bill many would like to avoid: a massive financial rescue that has infuriated millions but is being promoted as critically needed to stave off a deep recession. It comes back to the House loaded with billions of dollars worth of tax cuts and other sweeteners added by Senators who passed their version in a 74-25 vote late Wednesday.
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Outsourcing Aids Many Data thefts, Verizon Says
Posted: October 1st, 2008, 11:55pm CDT by Associated Press
The reliance of restaurant chains and retail stores on outside companies to handle credit-card processing and other information-technology functions is partly to blame for a rash of consumer data breaches over the last few years, according to data sleuths at Verizon Communications.
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Senate Passes $700B 'Sweetened' Rescue Package
Posted: October 1st, 2008, 6:30pm CDT by Associated Press
After one spectacular failure, the $700 billion financial industry bailout finds a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where opposition from Republicans softens.
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Hiker Finds Fossett's Pilot ID in California Hinterland
Posted: October 1st, 2008, 3:20pm CDT by Associated Press
A hiker near Mammoth Lakes turns in two pieces of ID evidently belonging to missing adventurer Steve Fossett, as well as $1,000 in cash.
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Fossett Search Teams See What Looks Like Wreckage
Posted: October 1st, 2008, 3:20pm CDT by Associated Press
After an aerial search turned up what appears to be wreckage of plane, ground crews are trying to determine whether it was the one piloted by adventurer Steve Fossett when he vanished more than a year ago.
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US Stocks Head for Lower Open After Rebound
Posted: October 1st, 2008, 7:11am CDT by Associated Press
U.S. stocks headed for a lower open Wednesday, indicating stocks could extend this week's gyrations as investors prepare for a possible Senate vote on the government's proposed $700 billion financial sector bailout
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Stocks Rebound, but Market Uncertainty Remains
Posted: September 30th, 2008, 10:30am CDT by Associated Press
The market stages a modest rebound after Monday's big dive, but Congress' rejection of a bailout package leaves the market picture unclear.
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House Shoots Down Wall Street Bailout Plan
Posted: September 29th, 2008, 2:30pm CDT by Associated Press
Democrats and Republicans alike shun the $700 billion bailout plan for Wall Street, ignoring President Bush's warning that without help the economy could nosedive.
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Hubble Failure May Delay NASA Repair Mission
Posted: September 29th, 2008, 12:35pm CDT by Associated Press
Hubble stops sending back data, forcing NASA to rethink its planned shuttle mission to upgrade the space telescope.
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China's First Spacewalk Team Returns Triumphant to Earth
Posted: September 28th, 2008, 12:00pm CDT by Associated Press
The successful completion of China's first spacewalk cements its status as a space power and future competitor to the United States.
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UCLA Group Discovers Humongous Prime Number
Posted: September 28th, 2008, 10:00am CDT by Associated Press
Mathematicians at UCLA have discovered a 13 million-digit prime number, a long-sought milestone that makes them eligible for a $100,000 prize.
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CERN Rivals Say Melting Magnets Are Par For Course
Posted: September 27th, 2008, 10:39am CDT by Associated Press
Rival operations say glitches like the LCH's magnet connection problem are not uncommon.
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Swiss Man flies over English Channel on Jet Wing
Posted: September 26th, 2008, 8:25am CDT by Associated Press
A Swiss daredevil crossed the English Channel strapped to a homemade jet-propelled wing Friday, parachuting into a field near the white cliffs of Dover after a 10-minute solo flight. The trip across the Channel is meant to trace the route of French aviator Louis Bleriot, the first person to cross in an airplane 99 years ago.
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Stock Indicated Sharply Lower at Open on Bailout Clash, Bank Failure
Posted: September 26th, 2008, 5:55am CDT by Associated Press
Wall Street heads for a sharply lower open as efforts to approve a $700 billion financial bailout unraveled and Washington Mutual, one of the nation's largest banks, was seized by federal regulators in the largest failure ever of a U.S. bank.
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Microsoft Does Another $40 Billion Buyback, Raises Dividend
Posted: September 22nd, 2008, 8:08am CDT by Associated Press
Microsoft says it is buying back up to another $40 billion of its shares and announces that it is raising its quarterly dividend to 13 cents from 11 cents.
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Companies Joining to Push Music on Memory Cards
Posted: September 22nd, 2008, 6:32am CDT by Associated Press
Just as vinyl once gave way to compact discs as the main physical medium for music, could CDs be replaced now by a fingernail-sized memory card? Perhaps not entirely, but SanDisk, four major record labels and retailers Best Buy and Wal-Mart Stores were expected to unveil plans Monday to sell memory cards loaded with music in the MP3 format, free of copy protections.
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Collider to be Stalled for Two Months Due to Damage
Posted: September 20th, 2008, 6:34am CDT by Associated Press
The European Organization for Nuclear Research says its new particle collider has been damaged worse than previously thought and will be out of commission for at least two months.
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Stocks Headed for Rally on Word of Rescue Plan
Posted: September 19th, 2008, 7:03am CDT by Associated Press
Wall Street headed for a huge rally Friday after the U.S. government said it is creating a plan to rescue the nation's troubled banks. The plan hasn't been unveiled but two other moves sent futures soaring: a temporary ban on short selling, and the of a Depression-era fund to provide guarantees for U.S. money market mutual funds.
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Oracle 1Q Profit Rises 28%, beats Street
Posted: September 18th, 2008, 3:26pm CDT by Associated Press
Oracle says its first-quarter profit improved 28 percent, beating Wall Street's expectations. The business software maker's net income for the quarter ended Aug. 31 rose to $1.08 billion, or 21 cents per share, from $840 million, or 16 cents per share, a year ago.
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Scientists to Use Satellites to Count Kangaroo Rats
Posted: September 18th, 2008, 10:00am CDT by Associated Press
Scientists plan to use satellite photos to count Giant Kangaroo Rats, the first-ever monitoring of an endangered species from outer space.
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Obama Campaign Reveals Science Advisors
Posted: September 18th, 2008, 7:53am CDT by Associated Press
Barack Obama has established a small but well-regarded inner circle of science advisors that includes a vocal critic of creationism, a Nobel laureate who has championed open-access research, and another laureate who used his prize money to defend academic freedom the restrictions of the War on Terror.
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Google CEO Won't Delay Yahoo Deal Any Further
Posted: September 18th, 2008, 12:51am CDT by Associated Press
After voluntarily delaying the start of the Yahoo deal three months ago to give antitrust regulators time to review the potential impact, Google CEO Eric Schmidt said he isn't willing to wait very much beyond an Oct. 11 deadline spelled out in the companies' contract even if the government says it needs more time to assess whether the alliance will diminish competition.
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HP Cuts 24,600 Jobs
Posted: September 15th, 2008, 7:00pm CDT by Associated Press
HP says it will slash 24,600 jobs over the next three years, nearly 8 percent of its work force. The move comes as HP combines operations with Electronic Data Systems Corp., the technology-services company it recently acquired.
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Virginia Court Strikes Down Anti-Spam Law
Posted: September 12th, 2008, 4:45pm CDT by Associated Press
The Virginia Supreme Court declares the state's anti-spam law unconstitutional Friday and reverses the conviction of a man once considered one of the world's most prolific spammers.
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Yahoo Announces Plans for Website Makeover
Posted: September 11th, 2008, 4:45pm CDT by Associated Press
Yahoo is preparing to tweak several popular sections of its website during the next few months to accommodate more material from rival services as the internet company tries to polish its tarnished franchise.
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Today Is D-Day for Facebook Makeover
Posted: September 10th, 2008, 10:00am CDT by Associated Press
Today Facebook begins forcing its 100 million users to adapt to its redesigned website, whether they like the new look or not.
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Pearl Flip Folds, a Blackberry First
Posted: September 10th, 2008, 6:33am CDT by Associated Press
Research in Motion unveils a Blackberry that folds in half, a departure from the slab-like design that has defined its products. The long-rumored BlackBerry Pearl Flip will be available from T-Mobile USA and with overseas carriers later this year, at an undisclosed price.
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Apple Execs Settle Options Case; Company Pays Itself $14 Million
Posted: September 10th, 2008, 3:26am CDT by Associated Press
Apple CEO Steve Jobs and several other senior executives and board members agree to settle a lawsuit that claimed the company was damaged by their role in Apple’s mishandling of stock option awards. Because of the structure of the lawsuit, insurers representing Apple’s directors and officers will pay the company $14 million. The settlement is designed to repair damage to Apple that the shareholders, who are suing on behalf of the company and not themselves, claimed the company suffered because of the stock options tampering.
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Online Dating New Tool for Zoos with Rare Species
Posted: September 9th, 2008, 6:42am CDT by Associated Press
Just like the digital dating services that pair up people, so-called studbooks are used to match most animals held in captivity. New software is now going to the Web, promising more easily accessible data, faster matches and -- in a page out of the most particular of human dating sites -- details on an animal's personality to ease what can be a testy process.
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Google Promises EU Better Privacy Rules
Posted: September 9th, 2008, 6:25am CDT by Associated Press
Google says it will further cut the amount of time it keeps users' data logged on its search engine -- from 18 months to 9 -- to meet EU privacy demands. Google introduced an 18-month limit in 2007. The announcements were meant to appease EU data protection officers who have questioned the need for search engines to keep search history data at all.
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North Carolina City Is First to Switch to Digital-Only TV
Posted: September 8th, 2008, 1:45pm CDT by Associated Press
With the flick of an eight-foot switch at midday Monday, the Southern city of Wilmington, North Carolina, is the first market in the United States to make the change to digital-only TV broadcasting.
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Zillow Expands Ad Deal with Newspapers
Posted: September 8th, 2008, 1:04am CDT by Associated Press
Real-estate Web site Zillow.com is expanding its partnership with 282 newspapers to give national advertisers new ways to reach local markets, changes that the news companies hope will allow them to raise their fees for online ads. The initiative is the latest by traditional media to capitalize on targeted ads in the battle for local with Google and Yahoo.
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Cassini Detects Partial Rings With Saturn's Moons
Posted: September 6th, 2008, 11:35am CDT by Associated Press
The latest images from NASA's Cassini spacecraft show faint, partial rings orbiting with two of Saturn's small inner moons.
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Google Reigns as World's Most Powerful 10-Year-Old
Posted: September 6th, 2008, 12:23am CDT by Associated Press
Ten years ago, when Larry Page and Sergey Brin founded Google Inc., the internet powerhouse was little more than a pipe dream. But, today, Google draws upon a gargantuan computer network, nearly 20,000 employees and a $150 billion market value to redefine media, marketing and technology.
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Google Reigns as World's Most Powerful 10-Year-Old
Posted: September 5th, 2008, 10:34am CDT by Associated Press
When Larry Page and Sergey Brin founded Google Inc. on Sept. 7, 1998, they had little more than their ingenuity, four computers and an investor's $100,000 bet on their belief that an Internet search engine could change the world. It sounded preposterous 10 years ago, but look now: Google draws upon a gargantuan computer network, nearly 20,000 employees and a $150 billion market value to redefine media, marketing and technology.
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Nokia Warns 3Q Market Share Will Fall; Shares Dive
Posted: September 5th, 2008, 7:39am CDT by Associated Press
Nokia warns that its 3Q global market share will decline from 2Q levels, sending its U.S. shares tumbling more than 11 percent in premarket electronic trading. Nokia gave no figures, but in July had predicted that "its mobile device market share in the third quarter of 2008 would be approximately at the same level sequentially" as the second quarter.
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Giant Ice Sheet Breaks Free in Canada
Posted: September 4th, 2008, 7:00pm CDT by Associated Press
A 19-square-mile chunk of ice shelf has broken away from Ellesmere Island in Canada's northern Arctic. The 4,500-year-old Markham Ice Shelf is now adrift in the Arctic Ocean.
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Experimental Breast Cancer Test Looks Promising
Posted: September 4th, 2008, 10:05am CDT by Associated Press
Molecular breast imaging, which features a radioactive tracer that enhances the image of a tumor hiding in deep breast tissue, not only reveals more tumors than the standard mammogram but returns fewer false positives, doctors say.
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Who the Heck Raps About Particle Physics?
Posted: September 4th, 2008, 9:50am CDT by Associated Press
A 23-year-old science writer, that's who. Her rap ditty about the Large Hadron Collider at CERN is a YouTube hit. And the physicists are getting off on it, too.
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Google Enters the Browser Wars With 'Chrome'
Posted: September 1st, 2008, 8:00pm CDT by Associated Press
Google is releasing its own web browser in a long-anticipated move aimed at countering the dominance of Microsoft's Internet Explorer and ensuring easy access to its market-leading search engine.
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Festivities Wind Down in the Desert at Burning Man
Posted: September 1st, 2008, 3:00pm CDT by Associated Press
The party is drawing to a close at the annual Burning Man festival on the northern Nevada desert.
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Ad Targeting Based on Web Tracking Now in Doubt
Posted: September 1st, 2008, 3:00pm CDT by Associated Press
Efforts to sniff out consumers' interests are going by the wayside. One by one, companies are suspending plans to track their subscribers' personal web surfing habits in the hopes of delivering targeted ads.
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Comcast Makes Monthly Internet Use Cap Official
Posted: August 29th, 2008, 7:10am CDT by Associated Press
Comcast, the nation's second-largest Internet service provider, says it will set an official limit on the amount of data subscribers can download and upload each month. On Oct. 1, the cable company will update its user agreement to say that users will be allowed 250 gigabytes of traffic per month, the company announced on its Web site.
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Apple Still Benefits from 'All is Forgiven' Customers
Posted: August 29th, 2008, 3:29am CDT by Associated Press
There has always been a solid corps of Apple adherents for whom the company could do little wrong. But as it extends its reach further into the mainstream even casual users have come to identify so strongly with Apple's high-end, individualistic vibe that they're willing to look the other way when products and execution are less than perfect.
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Best Western Rebuts Claims of Massive Data Breach
Posted: August 27th, 2008, 8:45am CDT by Associated Press
Best Western International and the Sunday Herald newspaper of Scotland are duking it out over a story which reports that a hacker stole the records of 8 million customers from the hotel chain's global network in the "the greatest cyber-heist in world history." Best Western says 10 people were affected at one hotel.
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FAA Says Communication Breakdown Delayed Flights
Posted: August 27th, 2008, 8:41am CDT by Associated Press
Numerous flight delays caused by an electronic communication failure at a FAA facility drew new criticism for an agency that has been scrutinized over air traffic controller staffing levels and inspection standards for its ground-based equipment. The Northeast was hardest hit by the delays prompted Tuesday by a glitch at a Hampton, Ga., facility that processes flight plans for the eastern half of the U.S.
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Facebook Cuts Off Scrabulous After Legal Complaint
Posted: August 26th, 2008, 3:02am CDT by Associated Press
Facebook pulled scrabulous from its sites throughout most of the world over the weekend. It was already banished from the United States and Canada. Scrabulous remains available in India, where its developers live and where Mattel has filed a lawsuit claiming violations of intellectual property.