Amid protests, Obama assails insurance companies
President Barack Obama assailed insurance companies on Tuesday as he sought to counter an onslaught of conservative opposition to a U.S. healthcare overhaul at a town hall meeting that drew protests outside. Read Full Article here.
Madoff deputy charged with 10 criminal counts
Bernard Madoff's longtime deputy Frank DiPascali was charged with 10 criminal counts and is expected to plead guilty later on Tuesday for his role in Wall Street's biggest investment fraud. Read Full Article here.
VMware buying SpringSource for $420 million
Business software maker VMware Inc has agreed to buy privately held SpringSource for $420 million, its biggest-ever acquisition, to beef up a portfolio of programs that help companies run data centers. Read Full Article here.
Resolution in $3.1 billion Friends buy, seeks more deals
Britain's Resolution , an acquisitions vehicle founded by tycoon Clive Cowdery, clinched the first of a hoped-for trio of deals with the 1.86 billion pound ($3.1 billion) takeover of insurer Friends Provident. Read Full Article here.
GM's Chevy Volt gets 230 mpg
General Motors Chief Executive Officer Fritz Henderson announced today that the Chevrolet Volt extended range electric car has been given an official EPA rating of more than 230 Miles Per Gallon in city driving becoming the first vehicle to obtain triple digit mpg rating. Read Full Article here.
Google Caffeine search engine is super fast, like a 'Google Gti'
As online search becomes more competitive and innovate, Google is upping the ante by developing new technology which will speed up indexing new search results and create a larger index. Google promises that the new search tool - codename Caffeine - will improve the speed, accuracy, size, and comprehensiveness of Google search. Read Full Article here.
Clean Energy posts larger Q2 loss
Clean Energy Fuels Corp. a provider of natural gas, reported a larger than expected loss of $6.4 million or 13 cents a share, compared with a loss of $3.2 million or 7 cents a share in the same quarter a year ago. The Economic crisis reduced demand for oil and natural gas while a decline in commodity prices hurt the company's revenue.
Alaska Legislature overrides Palin's veto on energy efficiency funds
The legislature of Alaska overrode Former Governor Sarah Palin's veto of $28 million from stimulus money for energy efficiency that she had rejected in financing citing concerns that the funding would force Alaska to enact tighter codes for buildings. The state will take the federal money after the override passed with 45 to 14 votes.
Microsoft rolls out Cash back Program with Bing
Microsoft is offering an interesting program of cashbacks for using their search engine Bing, and the program came just in time before back to school sale buzz starts to kick in. The Bing Cashback program (formerly Live Search Cashback) pays people to search with Bing. Microsoft revved up its competitiveness by doubling the cashback rewards, meaning you could get up to 50 percent cashback from online purchases when you use Bing as your search engine of choice. Read Full Article here.
Xbox LIVE Update Launches Today
Microsoft has launched an Xbox LIVE dashboard update that contains all kinds of new goodies, plus a look towards the future. While you can download the update today, some of the newer features won't be available until Thursday, August 13.