AP - Oil giant BP PLC said in an internal report released Wednesday before a key piece of evidence has been analyzed that multiple companies and work teams contributed to the massive Gulf of Mexico spill that fouled waters and shorelines for months.
Reuters - Oracle Corp said its newly appointed president, Mark Hurd, will be paid an annual salary of $950,000 and the former Hewlett-Packard chief will be eligible for a target bonus of $5-$10 million under its executive bonus plan for fiscal 2011.
Reuters - No. 2 U.S. tax-preparer Jackson Hewitt Tax Service Inc posted a narrower-than-expected quarterly loss, as a drop in total expenses offset the decline in revenue.
Reuters - BP deflected much of the blame for a rig blast that led to the United States' worst-ever oil spill, releasing an internal report on Wednesday which said that drilling contractor Transocean had missed danger signs.
AP - Swisscom AG announced Wednesday it will buy all outstanding shares in its Italian telecoms unit Fastweb SpA, which has been rocked by a money-laundering probe, for a total of euro256 million ($326 million).
AP - Microsoft Corp. and Xbox Live are apologizing to a small West Virginia town and a 26-year-old gamer accused of violating the Xbox code of conduct by declaring he's from Fort Gay.
Reuters - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.
AP - Chinese steel mills and mobile phone factories are being idled and thousands of homes in one area are doing without electricity as local governments order power cuts to meet energy-saving targets set by Beijing.
Reuters - Foster's Group Ltd , Australia's largest brewer, rejected a private equity offer worth up to $2.5 billion for its wine business as too cheap, sending its shares up as much as 6 percent on hopes of higher bids.
PC World - Just under two-thirds of all Internet users have been hit by some sort of cybercrime, and while most of them are angry about it, a surprisingly large percentage feel guilt too, according to a survey commissioned by Symantec.
PC World - Salesforce.com is working on a series of native mobile applications for its Chatter collaboration software, the company announced Wednesday. Supported platforms include Apple's iPhone, iPad and iPod Touch, Google Android and Reseach in Motion's BlackBerry.
Mashable - This post is part of Mashableâs Spark of Genius series, which highlights a unique feature of startups. The series is made possible by Microsoft BizSpark.. If you would like to have your startup considered for inclusion, please see the details here.
Mashable - We knew that the Samsung Fascinate is coming to Verizon's online store today (and physical stores tomorrow), but we didn't know that Verizon has a special offer for buyers: buy one, get one free.
PC World - Red Bend, a mobile software management company, has acquired VirtualLogix to stake its claim in the emerging field of mobile virtualization.
LEADING Irish wholesale and distribution firm, the Barry Group officially opened a €1.5 million extension to its state-of-the-art central distribution base in north Cork yesterday.
United National Consumer Suppliers , a leading wholesale distributor specializing in manufacturer's closeouts, excess inventories and overstocks headquartered in South Florida, is pleased to announce it has been named to the 2010 Inc. 5000 list, a compilation of the most entrepreneurial and fastest growing companies in America.
AP - Connecticut Attorney General Richard Blumenthal and national nonprofit organizations said Tuesday they want Craigslist to be "a model for good policy" and officially get rid of its adult services section globally.
AP - NO QUICK CURE: Even if they were enacted soon, President Barack Obama's proposed tax breaks for businesses would hardly be a fast fix to bolster hiring or the economy, analysts say.
AP - For a dozen years, Google Inc. has been occasionally swapping its everyday logo for a "doodle," a sketch celebrating holidays, inventions, artists and sporting events, and showcasing designs from contest-winning students.
AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.
The Motley Fool - The bears and bulls were battling as ferociously as ever over the past month. Let's dive right into the debate, through the words of some of the world's greatest investors.
AFP - A former State Department official credited with helping bring social networking and other Web 2.0 tools to US diplomacy has been tapped to head a new division at Google called "Google Ideas."
AP - Digital River Inc. on Tuesday said that it has bought online software and book retailer Journey Education Marketing Inc. for an undisclosed amount.
Reuters - Pipeline operator Enterprise Products Partners LP Tuesday said it will buy holding company Enterprise GP Holdings LP for $8.03 billion, the second such deal in a month, to simplify its corporate structure and reduce capital costs.
Appolicious - Android continues to poach away market share from the iPhone and other mobile platforms, now accounting for 25 percent of mobile operating systems in North America. That’s a 2 percent increase, month-over-month, and an 18.6 percent increase year-over-year.
Reuters - The top U.S. securities regulator said on Tuesday that the follow-up report on what might have caused the May "flash crash" is expected by the end of September.
BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...
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(RTTNews) - Austria's wholesale price inflation accelerated to 5.6% year-on-year in August from 5% in July, Statistics Austria said Tuesday. Compared to July, prices increased 1.4% during the month, partly influenced by higher prices for grains.
Wholesale trade sales in New Zealand increased 2.2% between April and June compared to the previous three months following a similar 2.2% rise in the March quarter, Statistics New Zealand said on Tuesday.
Total wholesale trade sales, after adjusting for seasonal effects, increased 2.2 percent ($458 million) in the June 2010 quarter, Statistics New Zealand said today, the third consecutive quarter to record a rise.
Wholesale Lot of 20 items of maternity wear includes maternity tops,trousers and nursing tops. Also up for a bargain is a Lot of 20 shoes of various styles and sizes to clear for new stock arrivals.
AP - East Asia is the world's electronics factory, yet unless they are Japanese, producers are largely anonymous. Now HTC Corp., a Taiwanese maker of smart phones, is moving out of the shadows and trying to establish its own brand name as it competes with Apple's iPhone.
PC World - More people browsed the Internet last month with a device running Apple's mobile operating system, iOS, than used Linux to do so. That's a first for Apple, according to NetMarketShare, a firm that produces metrics on the market share of browsers, operating systems and search engines.
Ben Patterson - Fighting the urge to check your work e-mail while you’re on holiday doesn’t exactly qualify as the worst problem in the world; after all, it’s pretty nice to have a job at all in this tough economy, right? Then again, the pressure to hang onto a job seems to be driving more and more connected workers to stay plugged in even while they’re trying to tune out.
Ben Patterson - Feel the need to "check in" on Foursquare or Facebook every time you saunter into a restaurant, browse the goods at your neighborhood grocery store, or cram into a rock concert? Well, if you, you’re still in the minority — and you’re also probably a guy below 40 — according to the latest research.