Boston – Wednesday, May 14

Business
Senate says halt oil reserve shipments
WASHINGTON. The Senate, in a direct challenge to President Bush, voted yesterday to temporarily halt the shipment of thousands of barrels of oil a day into the government’s emergency reserve.
 
Business
News in brief
MOUNTAIN VIEW, CALIF. Following similar moves by the two biggest online hangouts, Internet search leader Google is introducing tools that are supposed to make any Web site more sociable.
Business
Low iPhone supply may signal upgrade
SAN FRANCISCO. Apple Inc. says its online stores in the U.S. and U.K. are sold out of the iPhone, a sign supplies are being winnowed ahead of the launch of the device’s next generation that will feature faster Internet surfing speeds.
 

Business
Newsday sold in $650 million deal
NEW YORK. Cablevision Systems Corp. is buying the Long Island-based newspaper Newsday from Tribune Co. in a deal valued at $650 million, the companies announced yesterday.
 
Business
News in brief
BEIJING. China’s inflation almost climbed to a 12-year high in April, swamping official efforts to cool surging living costs that could provoke unrest ahead of the Beijing Olympics.
Business
Fuel boosts flight prices
NEW YORK. The three biggest U.S. carriers said Thursday they have again raised ticket prices, this time by $20 round-trip, to recoup rapidly rising fuel costs.
 

Business
Music industry takes hit
LOS ANGELES. Warner Music Group Corp., whose artists include R.E.M., Madonna and Green Day, said Thursday that higher costs and a shift to digital music resulted in a wider second-quarter loss and it suspended dividends.
 
 
 
Business
News in brief
NEW YORK. Consumers gave some of the nation’s retailers a little relief in April after months of dismal sales, gravitating toward less expensive discounters and wholesale clubs but generally still shying away from stores selling clothes and other non-necessities.
Business
Gates: We’ll pursue independent path
Microsoft Chairman Bill Gates said yesterday the company isn’t pursuing other deals following the withdrawal of its $47.5 billion takeover bid for Yahoo.

 
Business
Corn futures drop on drier weather in US corn belt
Bonds down as stocks rise; investors await economic data
Corn futures drop on drier weather in US corn belt
Corn futures drop on drier weather in US corn belt
Bonds down as stocks rise; investors await economic data
Sprint Nextel 1Q deficit widens, fewer subscribers
Bonds down as stocks rise; investors await economic data
Corn futures drop on drier weather in US corn belt
Sprint Nextel 1Q deficit widens, fewer subscribers
JPMorgan Chase CEO: Recession is just beginning
High Tech
HP in talks to buy EDS in deal reportedly worth $12B to $13B
Microsoft exec Jeff Raikes to run Gates Foundation
HP in talks to buy EDS in deal reportedly worth $12B to $13B
HP in talks to buy EDS in deal reportedly worth $12B to $13B
Clear Channel, banks, buyers in settlement talks
HP in talks to buy EDS in deal reportedly worth $12B to $13B
Clear Channel, banks, buyers in settlement talks
Apple: iPhone sold out online in US, UK
Apple: iPhone sold out online in US, UK
Microsoft exec Jeff Raikes to run Gates Foundation
 



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