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Greenspan: Change social safety net JACKSON HOLE, Wyo. (CNNfn) - The US government must not promise benefits to aging baby boomers that it cannot afford, because that could mean painful future adjustments to taxes and spending, according to Federal Reserve chairman Alan Greenspan.
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Business
Microsoft Sees #39;06 Launch of #39;Longhorn #39; Windows Upgrade Microsoft (MSFT:Nasdaq - news - research) on Friday made official its plans to release its next Windows upgrade in 2006, although the software will be missing one of its key features.
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Sci/Tech
Thursday #39;s round-up It was another great night for the US track and field team as it upped its medal count to 18, just two short of the Sydney Games. The highlight was the sweep in the 200 meters.
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Sports
Mourinho #39;s Chelsea Faces Porto in Champions League (Update1) Chelsea, soccer #39;s biggest-spending team, will play defending champion Porto in the group stage of European soccer #39;s Champions League, pitting Blues coach Jose Mourinho against the team he took to last year #39;s final.
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Sports
Teenager Khan is through to final ATHENS, Greece -- Britain #39;s Amir Khan is now only one bout away from becoming the youngest Olympic boxing champion since Floyd Patterson won gold in 1952, after defeating Serik Yeleuov of Kazakhstan in the semifinals.
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Sports
Bryant Trial Opens With Jury Selection EAGLE, Colo. Aug. 27, 2004 - Some 500 potential jurors began arriving at the courthouse here Friday, the first step toward choosing 12 people who will decide whether NBA star Kobe Bryant is guilty of sexually assaulting a resort worker last summer.
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Sports
Sadr gives up Najaf shrine SHIITE militia leader Moqtada Sadr has ceded control of his shrine stronghold to representatives of the religious leadership following a deal with Grand Ayatollah Ali al-Sistani to end weeks of deadly fighting that has devastated the Iraqi city of Najaf.
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World
Italians wear black armbands to honor slain journalist killed in <b>...</b> Italian soccer players wore black armbands on their uniforms during the Olympic bronze-medal game against Iraq on Friday in honor of an Italian journalist killed by Iraqi militants.
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World
Hamza quizzed over terrorism Radical Muslim cleric Abu Hamza, 47, of north London, is being questioned over allegations he supported terrorism. Detectives will explore whether he gave aid to terrorists, either through recruitment, finance or logistics.
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World
350 security prisoners end two-week hunger strike Some 350 security prisoners at Shikma jail have ended their two-week hunger strike, Prisons Authority spokesman Ofer Lefler said Friday, as the United Nations expressed its concern
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World
Argentina Completes Dream Team's Downfall (AP) AP - Bronze is the best the American men's basketball team can do, and the reason is simple: They were beaten by a better team, Argentina. Manu Ginobili scored 29 points to lead his nation to another victory over the country that used to dominate the sport, an 89-81 win in the Olympic semifinals Friday night.
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Sports
VeriSign Suit Against ICANN Dismissed (NewsFactor) NewsFactor - A federal judge on Thursday dismissed an antitrust lawsuit brought by Internet registry firm VeriSign (Nasdaq: VRSN) against the Internet Corporation for Assigned Names and Numbers (ICANN), handing VeriSign a second defeat in its dispute over the company's controversial SiteFinder service.
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Sci/Tech
Sprint, SBC in Wi-Fi Deal (NewsFactor) NewsFactor - U.S. telecom carriers Sprint (NYSE: FON) and SBC Communications (NYSE: SBC) have announced a reciprocal deal, under which their customers will be able to use both companies' wireless Internet connections more easily.
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Sci/Tech
Home Users Most Vulnerable to SP2 Flaw (NewsFactor) NewsFactor - One of the first flaws found in Windows XP SP2 -- which leaves a PC vulnerable through a drag-and-drop hole in Internet Explorer -- could be used by hackers for even greater mischief.
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Sci/Tech
Oracle Extends Bid for PeopleSoft (NewsFactor) NewsFactor - While a U.S. District Court continues to weigh the legality of \Oracle's (Nasdaq: ORCL) attempted takeover of \PeopleSoft (Nasdaq: PSFT), Oracle has taken the necessary steps to ensure the offer does not die on the vine with PeopleSoft's shareholders.
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Sci/Tech
Convention Protesters Eager to Begin (AP) AP - Jason Flores-Williams may despise President Bush, but he can't wait for him and his party to get here.
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World
Democrats Come to Observe Convention (AP) AP - The Democrats have come to town to prick rhetorical balloons at the Republican National Convention.
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World
Croatia erases 'fascist' tributes Croatian authorities take down two monuments honouring officials from the country's Nazi era.
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World
Stocks Climb on GDP Reading in 2Q NEW YORK - A sluggish gross domestic product reading was nonetheless better than expected, prompting investors to send stocks moderately higher Friday on hopes that the economic slowdown would not be as bad as first thought. The 2.8 percent GDP growth in the second quarter, a revision from the 3 percent preliminary figure reported in July, is a far cry from the 4.5 percent growth in the first quarter...
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World
Argentina Completes Dream Team's Downfall ATHENS, Greece - Bronze is the best the American men's basketball team can do, and the reason is simple: They were beaten by a better team, Argentina. Manu Ginobili scored 29 points to lead his nation to another victory over the country that used to dominate the sport, an 89-81 win in the Olympic semifinals Friday night...
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World
SABMiller to build China brewery; Interbrew, AmBev complete merger After losing out on a bid to buy China #39;s Harbin Brewery Group Ltd. to rival Anheuser-Busch Cos. Inc., Miller Brewing Co. #39;s owner SABMiller plc is planning to build an \$82.
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Business
HP to tempt shoppers with digital lifestyle PC giant unveils consumer electronics strategy, including iPod music player, high-definition TVs and PCs that record television shows. \
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Hewlett-Packard #39;s new iPod highlights new product offerings MIAMI : Tech giant Hewlett-Packard unveiled its own branded iPod music player as in introduced a revamped lineup of digital consumer products.
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Business
Federal Court Dismisses VeriSign Claim Against ICANN quot;The US federal court #39;s decision serves as another important affirmation of ICANN #39;s multistakeholder participatory model, and reaffirms the ICANN structure, quot; stated John Jeffrey, ICANN #39;s General Counsel.
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Sci/Tech
OSDL hires lawyer, opens China office Open Source Development Labs, a Beaverton, Ore.-based consortium devoted to improving Linux, has hired an attorney to handle intellectual-property matters and has opened a branch office in Beijing, the group said this week.
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Dream Team Beaten by Argentina 89-81 ATHENS, Greece Aug. 27, 2004 - The US men #39;s basketball team will go home from the Olympics without a gold medal for the first time since it began using NBA players after the Americans were beaten soundly by Argentina 89-81 in the semifinals Friday.
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Sports
Annus horribilis Hungary #39;s hammer throw gold medallist, Adrian Annus, is embroiled in a drugs dispute with the IOC demanding that he give a fresh urine sample or lose his gold medal.
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Sports
Irans Saei adds Athens gold to Sydney bronze TEHRAN (MNA) - Sydney bronze medalist Hadi Saei from Iran won the coveted gold of -68kg taekwondo tournament of 2004 Athens Olympic Games Friday.
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Sports
DECOURCY: Rededicated Huggins back at Cincy CINCINNATI - His workday began Friday at 12:01 am ET. Bob Huggins made a couple of recruiting calls, one to a point guard who interests the Cincinnati Bearcats, another to a power forward.
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Sports
Ayatollah Sistanis pivotal role in resolving Najaf crisis Grand Ayatollah Seyyed Ali Sistani, the great Shia marja taqlid (source of emulation) based in Najaf, returned to the city last Thursday in order to resume his pivotal role in resolving the Najaf crisis.
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World
Al-Qaeda sanctions #39;ineffective #39; UNITED NATIONS (BBC) -- A UN committee has found that sanctions imposed against al-Qaeda and the former Taleban have had little impact on the groups #39; operations.
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World
Explosions kill four, wound 54 in India Two bus bombings and a series of other blasts yesterday killed four people and wounded 54 in a surge of violence that police blamed on separatist rebels in Indias insurgency-wracked Assam state.
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World
Lebanon urged to hold free elections The United States, Germany and France called Friday for presidential elections in Lebanon to be free, based on the constitution and staged without foreign intervention, a
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Will GMail change the way email marketing is done? Will GMail change the way email marketing is done?\\I read this great article online sometime back which made big sense in current scenario. A lot of people I know have started to use GMail as their primary mail service. And most of them do not move due to the much ...
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Hewlett-Packard to Launch Latest Push Into Consumer Markets The company will unveil a range of products today including its version of the iPod digital music player that raises the stakes in a war between PC and electronics makers.
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Vuitton Loses Dooney-Bourke Trademark Bid (Reuters) Reuters - Louis Vuitton on Friday lost a bag\battle to stop competitors from imitating its famous "LV" logo\style when a U.S. judge refused to order Dooney Bourke to\stop marketing a line with its "DB" monogram.
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Business
Microsoft sets 2006 release for "Longhorn" operating system (AFP) AFP - Microsoft said it plans to broadly release the long-awaited update to its flagship Windows operating system, dubbed "Longhorn," in 2006.
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Treasuries Slip in Thin Trade NEW YORK (Reuters) - U.S. Treasury debt prices were a sliver lower on Friday, but trading was thin as many investors took off for an early weekend before next week's Republican convention.
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Business
Microsoft Scales Back Longhorn Plans Key feature of the upcoming OS will be cut so it will ship in 2006.
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Oil Obsession Wanes on Wall Street Oil is now down almost 15 in a week. Isn #39;t this what people were complaining about two weeks ago when oil was marching toward \$50 a barrel?
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Business
Explosion investigated at Watertown biotech company Police were searching for suspects Friday after a pipe bomb exploded in the offices of a biotech company developing treatments for diabetes and liver disease.
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Sci/Tech
Mobile makers get the message Mobile phones get smaller and lighter all the time. With the part count for the average mobile going down by 20-30 per cent every year, a phone bought five years ago now looks as old-fashioned as a 1950s wireless.
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#39;Dream Team #39; Out of Gold Race After Loss to Argentina The US men #39;s basketball team was beaten by Argentina Friday, denying it an Olympic gold medal for the first time since 1992 when NBA players started competing.
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Sports
US Olympic Officials Condemn New Assault on Hamm #39;s Gold Medal The US Olympic Committee says quot;outrageous and improper quot; pressure is being put on gymnast Paul Hamm to give up his gold medal to a South Korean rival.
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Sports
Running battles on Athens streets POLICE used tear gas today to disperse hundreds of demonstrators who lit fires, smashed windows and beat up journalists as they marched through Athens to protest a visit by US Secretary of State Colin Powell.
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Liu Xiang makes history The 21-year-old Chinese claimed the gold medal of the showcase men #39;s 110m hurdles before a capacity crowd of 70,000 at the Olympic Stadium in the 28th Olympic Games here on Friday.
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Sports
Italy firm on Iraq after #39;barbaric #39; hostage murder Italy insisted Friday the killing of an Italian journalist in Iraq by Islamic kidnappers would not shake its resolve to keep troops in Iraq.
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World
African Union Force Seen as Main Hope for Darfur (Reuters) Reuters - Days before a U.N. deadline for\Sudan to disarm and prosecute those responsible for violence in\the country's Darfur region, nations are looking to the African\Union rather than any U.N. sanctions to curb further killing.
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World
Eritreans being deported from Libya hijack plane to Sudan (AFP) AFP - Four Eritreans among a group being forcibly returned home from Libya hijacked their aircraft and forced it to land in Khartoum amid warnings from a human rights watchdog that Eritrean deportees face imprisonment or even torture.
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World
Fumbled Baton Leaves Jones 0-For-Athens (AP) AP - A failed baton handoff doomed the U.S. 400-meter relay team, terminating Marion Jones' last chance for a medal at the Athens Games. An hour after she finished fifth in the long jump, Jones was unable to make the handoff to 100-meter silver medalist Lauryn Williams midway through the relay.
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Zimbabwe Convicts Accused 'Mercenary' for Weapons HARARE (Reuters) - A Zimbabwe court Friday convicted a British man accused of leading a coup plot against the government of oil-rich Equatorial Guinea on weapons charges, but acquitted most of the 69 other men held with him.
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World
Sudanese Militiamen Disarm, Say They Not Janjaweed (Reuters) Reuters - Five hundred Sudanese militiamen\in government service disarmed in western Darfur Friday at a\ceremony attended by U.N. envoy Jan Pronk, but denied they were\Arab Janjaweed irregulars blamed for killing, raping and\looting in Darfur aimed at African villagers.
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Vatican returns Russian icon venerated by Pope John Paul to Moscow (Canadian Press) Canadian Press - ROME (AP) - The Vatican returned a Russian icon venerated by Pope John Paul to Moscow on Friday in a gesture aimed at improving strained relations with the Russian Orthodox Church and possibly clearing the way for a visit by the ailing pontiff.
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World
'Dream Team' Out of Gold Race After Loss to Argentina ATHENS (Reuters) - The U.S. men's basketball team was beaten by Argentina and booed off the court by the crowd on Friday as it was denied an Olympic gold medal for the first time since 1992 when NBA players started competing.
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Sports
Now It #39;s Official: US Growth Slowed US economic growth slowed more sharply in the second quarter than first thought as oil prices rose and the trade gap swelled, the government said on Friday in a report
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Business
Ashcroft Heralds Cybercrime Crackdown US Attorney General John Ashcroft heralded the success of Operation Web Snare, a multi-agency crackdown on cybercrime that led to the arrrest or conviction of more than 150 people for a variety
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Sci/Tech
Microsoft lightens Longhorn Microsoft will indeed be trimming some things out of the initial release of the Longhorn client, the next version of the Windows desktop operating system.
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Sci/Tech
HP Launches Ad Push for CE Products Looking to push its brand beyond the PC, Hewlett-Packard today launched a major product effort into consumer electronics, including the much-anticipated rollout of its HP-branded iPod music
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Microsoft sets 2006 release for quot;Longhorn quot; operating system WASHINGTON : Microsoft said it plans to broadly release the long-awaited update to its flagship Windows operating system, dubbed quot;Longhorn, quot; in 2006.
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Oracle Won #39;t Quit Last night, database maker Oracle (Nasdaq: ORCL) once again extended its \$7.7 billion offer for business software provider PeopleSoft (Nasdaq: PSFT).
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Lebedeva makes amends in long jump Tatyana Lebedeva led a Russian 1-2-3 in the Olympic women #39;s long jump final as Marion Jones of the United States missed out on a medal.
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Sports
Notable quotes Friday at the Athens Olympics quot;I respect totally Paul Hamm and all the decisions he makes. If he says give back the medal, I respect it. Don #39;t give back the medal, I respect the decision.
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Sports
Liu wins hurdles gold, equals world record Liu Xiang of China took the Olympic men #39;s 110 metres hurdles gold medal in a world record-equalling time of 12.91 seconds on Friday.
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Olympics Wrap: Another Doping Controversy Surfaces Olympic chiefs ordered Hungarian hammer gold medallist Adrian Annus Friday to submit another doping sample or risk losing his medal, while another of his compatriots was stripped of a medal for failing a test.
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Women #39;s 10,000m : XING wins gold for China ATHENS, 27 August - China #39;s Huina XING produced a sprint over the final 100m to destroy Ethiopia #39;s hopes of a medal sweep and claim her nation #39;s second Olympic gold medal of the night.
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STREETWISE: Art? Nobody told the cleaner Paintings and other valuable works of art are stolen almost every day from galleries around the world, the most recent of course being Edvard Munch #39;s famous quot;The Scream quot;.
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US to Syria: Don #39;t interfere in Lebanese election BEIRUT: In the first such statement since President Emile Lahoud said he would stand for re-election as president earlier this week, the White House on Friday asked Syria
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World
Treasury secretary expects Michigan to remain a manufacturing <b>...</b> US Treasury Secretary John Snow said he believes Michigan -hich has lost about 190,000 factory jobs during the past five years -l continue to be a global manufacturing leader.
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Business
Update 1: Alitalia: July Revenues Below Expectations Struggling carrier Alitalia said Thursday that revenues were below expectations in July and August as domestic market share fell to 45 percent from about 50 percent last year.
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Business
Apple iPod from HP HP is to unveil a range of products including its version of the iPod digital music player. The company will roll out a 42-inch high-definition plasma television, a DVD home theater projector, new Photosmart printers and an entertainment notebook PC.
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Sci/Tech
HP unveils its iPod, entertainment media center Hewlett-Packard (HP) is hot about what it considers a consumer revolution in digital media, and on Friday the company #39;s Chairman and Chief Executive Officer
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Sprint, SBC Forge Wi-Fi Pact Two telecom providers have come together in the name of Wi-Fi. Sprint and SBC Communications have signed a bi-lateral roaming agreement that will enable their customers more wireless access while on the go.
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Russians sweep long jump medals, Marion Jones fifth Tatyana Lebedeva led a Russian medal sweep in the long jump, relegating Marion Jones to fifth place in her only individual event of the Athens Games.
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Men #39;s Light (60kg) :Semifinals ATHENS, 27 August - Amir KHAN (GBR) faced his toughest test in the Olympic Games boxing tournament, when he faced and defeated Kazakhstani boxer Serik YELEUOV to reach the Light Weight (60kg) category final.
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Islamist group may have downed Russian planes Dubai - An Islamist group has claimed that it hijacked two Russian planes that crashed this week, killing at least 89 people, and threatened more attacks, according to an Internet statement posted on Friday.
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World
US Treasury #39;s Snow says health costs impede growth US Treasury Secretary John Snow on Friday is expected to renew his call for Capitol Hill action on President George W. Bush #39;s health care ideas
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Business
Abdallah falls in taekwondo final Nia Abdallah #39;s lack of international experience turned out to be her biggest asset in the Olympic taekwondo tournament. quot;I don #39;t think anybody expected me to do anything here, quot; she said.
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Second seed Dementieva hammered by Bovina in New Haven Second seed Elena Dementieva saw her hopes of a first title of 2004 end in double-quick time on Friday when she was hammered 6-1 6-1 by fellow Russian Elena Bovina in the semi-finals of the New Haven Cup.
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Reactions Mixed to Federal Fraud Sweep Federal law enforcement may be heralding Operation Web Snare as the largest cyber-crime crackdown of its kind, but it is receiving mixed reviews on whether it will stymie the rise in Internet fraud.
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Sci/Tech
Microsoft Scales Back Longhorn Plans Microsoft this week said it will sacrifice some key advances it had planned for Longhorn so it can deliver the successor to Windows XP in 2006.
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Panthers, Pats Meet in Super Bowl Rematch (AP) AP - The last time the Carolina Panthers played the New England Patriots the Super Bowl was on the line. On Saturday night, they meet again with absolutely nothing at stake.
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Sports
Editorial Pages Fight 'AstroTurf' With Listserv (Editor and Publisher) Editor and Publisher - NEW YORK For years, editorial page editors at newspapers across the country have battled "AstroTurf" -- form letters to the editor generated on political Web sites and by other means, then passed off as original submissions. The AstroTurf moniker came because the letters are considered fake grassroots initiatives. But The National Conference of Editorial Writers (NCEW) is taking the issue seriously.
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Cubs, Astros Benches Clear After Dispute (AP) AP - Both benches cleared briefly in the second inning of Friday's game between the Houston Astros and the Chicago Cubs when Cubs catcher Michael Barrett began jawing with Astros' pitcher Roy Oswalt, five days after Oswalt hit him in the back with a pitch.
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Sports
U.S. Furious at Proposal That Hamm Return His Gold ATHENS (Reuters) - U.S. Olympic chiefs reacted furiously Friday to a suggestion all-round champion Paul Hamm should give his gold medal to a South Korean rival under a plan floated by the governing body of world gymnastics.
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Stocks Gain; Techs Ahead But Volume Thin NEW YORK (Reuters) - U.S. stocks rose on Friday, helped by reassuring consumer confidence data and a bounce in technology stocks, but volume was extremely thin before next week's Republican convention in New York City.
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Business
Oil Edges Up on Iraq, Gold Closes Lower CHICAGO (Reuters) - Oil prices closed higher on Friday for the first time in a week as worries lingered about supply disruptions from Iraq even after Thursday's deal between Shi'ite religious dealers seeking peace in the city of Najaf.
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Business
Marketing Isn't for Problem Gamblers Harrah's, "the leader in responsible gaming," gets fined for mailing marketing materials to known problem gamblers.
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Business
Oracle launches business intelligence tools Oracle has launched a new set of business intelligence (BI) tools for its grid-enabled database technology. The BI 10g product has been separated out of Oracle #39;s existing application server software.
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Business
Oracle Won't Quit The database king extends its offer for PeopleSoft for the 10th time. Is there any profit left for investors?
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Business
HP Launches Latest Push Into Consumer Markets SAN FRANCISCO (Reuters) - Hewlett-Packard Co. <A HREF="http://www.reuters.co.uk/financeQuoteLookup.jhtml?ticker=HPQ.N qtype=sym infotype=info qcat=news">HPQ.N</A> on Friday unveiled a range of products including its version of the iPod digital music player that raises the stakes in a war between PC and electronics makers for a spot in increasingly digitized living rooms.
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Russia Blames Terrorism for Downed Jet MOSCOW - Russian officials accused terrorists Friday after the wreckage of one of two crashed jetliners revealed traces of an explosive used in earlier attacks blamed on Chechen rebels, while an Islamic group claimed its suicide attackers brought down both planes. At least one crash was "the result of a terrorist act," a spokesman for the Federal Security Service, Sergei Ignatchenko, told the ITAR-Tass news agency...
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World
Gates: Longhorn changed to make deadlines Microsoft founder Bill Gates says things had to be removed to make the deadline. Also, employees in the search department fired up to take on Google. \
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Allchin explains Longhorn's haircut A clear roadmap for Longhorn was more important than inclusion of an advanced file system, Jim Allchin tells CNET News.com.\
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CSFB name may disappear: CEO LONDON (CBS.MW) -- Credit Suisse #39;s (CSR) CEO, Oswald Gruebel, said the Credit Suisse First Boston name may be scrapped but not immediately, AFX News reported.
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Business
Apple fans abuzz over new iMac Company maintains its famous veil of secrecy as faithful speculate about possible designs.
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Microsoft cuts advances for 2006 Longhorn release Microsoft Corp. on Friday said it will sacrifice some key advances it had planned for Longhorn so it can deliver the successor to Windows XP in 2006.
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HP unveils its iPod, entertainment media center MIAMI BEACH - Hewlett-Packard (HP) is hot about what it considers a consumer revolution in digital media, and on Friday the company's Chairman and Chief Executive Officer Carly Fiorina selected a chic club here in Miami Beach to unveil a raft of consumer electronic devices, including HP's version of Apple Computer Inc.'s iPod, and pledge her company's commitment to this market.
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Alternative Copy Controls Bill Pitched Industry groups are looking for a way around controversial copyright proposal.
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Gates: Longhorn changed to make deadlines Microsoft on Friday set late 2006 as the deadline when it will ship Longhorn, the next major version of Windows. But to make that date, it had to delay the full implementation WinFS, an ambitious file system
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Microsoft to release next version of Windows in 2006 Microsoft Corp. said it plans to release the next version of its Windows operating system as expected in 2006, but it will not include much-touted new technology for organizing and storing data.
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