Microsoft's Bing wins share from Google, Yahoo
Microsoft Corp's Bing search engine continued to make small gains on rivals Google Inc and Yahoo Inc in the U.S. Internet search market in July, according to the latest data from research firm ComScore. Read Full Article here.
Hedge funds soar in '09, most still in the red
Hedge funds are having their best year since 1998, yet most fund managers still are well below their peaks before the market's meltdown last year, industry analysts said. Read Full Article here.
AIG's new CEO takes scissors to restructuring plan
Robert Benmosche, the newly appointed chief executive of AIG , has started to cut up the insurer's restructuring plan, deciding it is better to hold on to an investment advisory unit that is part of the insurer's retirement services group. Read Full Article here.
U.S. housing starts keep recovery hopes alive
Ground-breaking for new U.S. single-family homes rose for a fifth straight month in July and producer prices tumbled, keeping hopes for an economic recovery alive. Read Full Article here.
Hacking case shows U.S. vulnerability to breaches
Consumers and companies are vulnerable to hackers and identity thieves even after U.S. authorities arrested a man they said was a master hacker who stole 170 million credit and debit card numbers. Read Full Article here.
MGM studio replaces CEO, hires turnaround expert
Metro-Goldwyn-Mayer Inc has replaced its chief executive, Harry Sloan, with a team that includes a turnaround expert and its production boss, Mary Parent, as the storied Hollywood studio grapples with reducing a massive debt load. Read Full Article here.
Cost-cuts, steady growth help Home Depot outdo Lowe's
No. 1 home improvement chain Home Depot Inc is banking on a slow-but-steady growth strategy and cost cuts to fight lackluster demand for big-ticket remodeling projects. Read Full Article here.
Manhattan office building sales at standstill
Only three Manhattan office buildings worth more than $30 million were sold in the first half of year, as buyer and sellers failed to agree on pricing and credit stayed tight, according to a report by real estate services company CB Richard Ellis Group Inc. Read Full Article here.
Rock Band unveils 19 songs for new Beatles game
A list of 19 songs by The Beatles including classics Lucy in the Sky with Diamonds and A Hard Day's Night for a new Rock Band video game were revealed on Tuesday, leaving only one mystery title remaining. Read Full Article here.
Sony to cut price for PlayStation 3 console
Sony Corp will launch a cheaper version of its PlayStation 3 game console and plans to cut prices on existing models effective August 19 in Europe and the United States to bolster sales and take aim at rivals Microsoft and Nintendo. Read Full Article here.