Oklahoma City Sun
OklahomaCitySun.com Saturday 17th May 2008 Issue 1487
Front Page US Business News
Henry Paulson makes positive speech on economy


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US Treasury Secretary Henry Paulson has said he believes the financial crisis is coming to an end but society could take some time to fully emerge from the...


Napa Valley wine patriarch dies
A pioneering winemaker from California’s Napa Valley has...


Bacon painting fetches record price
Renowned artist Francis Bacon's masterpiece, 'Triptych', has set a new record in sales by fetching a whopping 43 million pounds at an auction in New...


Microsoft Windows to come on low-cost laptops
The One Laptop Per Child (OLPC) project will install Windows XP on its low-cost laptops for students in developing countries, according to a joint announcement...


Federal Reserve observes healing in credit markets
CHICAGO - Reuters Top U.S. Federal Reserve officials on Thursday cited progress in alleviating months of turmoil in financial markets, but said a full return to normalcy was still some time away. The...


Lockheed gets greenlight for GPS III satellites
With many years of experience in GPS and in satellite technology generally, Lockheed Martin is now charged with leading the development and deployment of the next-generation GPS III...


Firefox 3 release candidate goes public
. It's a public preview of the new Firefox code, available in 45 languages, aimed at developers and early adopters to test out the new features. It has...


Top 10 reviews of the week
Here's our weekly roundup of the new products CNET reviewers liked best. 1. Aliph Jawbone 2 (black) Editors' rating: 8.7 The good: The Aliph Jawbone 2 is a fashionable Bluetooth headset with a...


How Microsoft forced open a new window of opportunity
Business news & features section. It was last updated at 00:04 on May 18 2008. Much heat and little light were generated last week by the announcement, made jointly by Microsoft and the One Laptop...


How To Travel Like The Pros
"It's all first class," says Team travel manager Scott Akasaki, whose biggest headaches during the season are changing plans on the fly after rain outs, extra-inning games or last minute scheduling...


Upcoming graphics chips from ATI, Nvidia
AMD-ATI and Nvidia are preparing for the next graphics chip showdown. And there is already a good deal of information (and rumor) on the two chips due in...


U.S. stocks seek to continue advance, in spite of oil surge
NEW YORK (MarketWatch) -- Stocks will attempt to continue the market's two-month advance next week, with rising investor optimism about the U.S. economy helping overcome concerns over surging crude...


CAW members ratify new three year agreement with General Motors
TORONTO, May 17 /CNW/ - CAW members working at General Motors locations across Ontario have ratified a new collective agreement by 84 per cent following a series of meetings held May 16 and May 17....


Elon Musk talks Tesla IPO, funding
SANTA CLARA, Calif.--Elon Musk, the founder of Tesla Motors, said here Saturday that he plans to take his electric sports car company public by the end of 2008. Before the IPO, however, Musk said he...


How steely Pittsburgh is getting greener
Why Charter Communications' ad-serving plan is making waves; the Senate moves to curb online child porn; and industrial Pittsburgh sets an environmental...


Rebuffed by Saudis, Bush calls for domestic oil exploration
LOS ANGELES (MarketWatch) -- Rebuffed in his attempt to get Saudi Arabia to boost oil production, President George Bush on Saturday called for more aggressive domestic exploration for fossil...


When the brain and baseball cap are one
, but this baseball cap is more sophisticated--in its technology, if not fashion sense. The cap is designed to analyze the brain's electroencephalogram (EEG) waves, determining whether you're too...


Picking potential winners if the euro
LONDON (MarketWatch) -- It's been a rough earnings season for European companies stymied by the euro's first-quarter surge to a record high against the downtrodden U.S....


Social graphs just wanna be free, but will they ever be
has a good recap of the blow-by-blow.) I'm not sure how many people believe that explanation. Privacy is a convenient dodge, but this sounds more like land grab battle between the rival services....


Saudis protect own interests in oil production
WASHINGTON – When President Bush, once a Texas oilman, asked Saudi Arabia to pump more crude, he may have forgotten that the Saudis have a long memory. And that made it a good bet his mission...


Iran says OPEC will not boost output
TEHRAN – Iran's oil minister rejected on Saturday any idea of OPEC raising production, saying it would fail to ease record prices as the market was already “saturated” with oil. ...


Senators OK $1 billion for online child porn fight
All told, the bill would allocate more than $1 billion over the next eight years for a broad array of efforts aimed at tackling Internet crimes against children. It calls for hiring 250 new federal...


iPhone expands its empire, once again
Orange, France Telecom's mobile provider, will whisk the iPhone into at least 10 more European, Middle Eastern, and African...


American Axle strikes tentative labor deal
NEW YORK (MarketWatch) -- The United Auto Workers union said it has reached a tentative deal with American Axle & Manufacturing Holdings to end an 11-week strike at the General Motors Corp....


2008 Chevrolet Malibu Hybrid -- Not enough juice
The standard four-cylinder Malibu is EPA rated at 22/30 miles per gallon. Add the hybrid system, and that rating is 24/32. At an added base price increase of about $2,000, we don't think that makes...


Almost 46 million stimulus payments sent, a few to wrong accounts
SAN FRANCISCO (MarketWatch) -- Almost 46 million stimulus payments totaling about $41 billion were sent to taxpayers in the three weeks ending May 16, the U.S. Treasury Department said...


Sharp, MIT make strides in methanol fuel cells
Sharp and the Massachusetts Institute of Technology this week detailed technology advances in making liquid fuel methanol a source for fuel cells. Sharp on Thursday claimed to have achieved the...


County employment outlook warming up
After a sluggish winter, employment in San Diego County rebounded last month, fueled by strong hiring in hotels, restaurants and government work, according to data released yesterday by the state...


Alvarado Hospital loses dispute with Blue Shield
Alvarado Hospital in San Diego has lost its court battle over a contract dispute with Blue Shield of California, demonstrating how challenging it can be for stand-alone hospitals to demand higher...


Health care billing fight is looming
Doctors and hospital officials will square off with health insurers Monday in San Diego over a state plan to ban medical providers from billing emergency room patients for charges not covered by...


U.N. predicts downturn for world economy
The world economy is “teetering on the brink” of a severe downturn and is expected to grow only 1.8 percent in 2008, the United Nations said in its midyear economic projections....


Wine pioneer Robert Mondavi dead at 94
SAN FRANCISCO (MarketWatch) -- California winemaker Robert Mondavi, who helped popularize the concept of quality American wine, died Friday at the age of...


Spring-sales season a bust for housing market
BOSTON (MarketWatch) -- The hoped-for rebound in home sales failed to blossom this spring, with the housing market caught in a downward spiral as falling prices continue to sap consumer sentiment and...


Paulson hopeful that
Treasury Secretary Henry Paulson delivered a guardedly optimistic message to business leaders on Friday, saying that the economy was moving toward a rebound after months of malaise."We are still...


$100 laptop nonprofit now teamed with Microsoft
BOSTON - The One Laptop Per Child project is about to find out whether Microsoft Corp., a rival the nonprofit group once derided, is the solution to its problems in spreading inexpensive portable...


Free MP3 of the Day
In Minneapolis, you know you've truly made it when you start breaking attendance records set by the Replacements. Slug and Ant recently did just that, laying testament to the cross-generational...


Carl Icahn will destroy Yahoo
BERKELEY, Calif. (MarketWatch) -- Shareholders of Yahoo Inc. are now being confronted by Carl Icahn and the slate of directors he has to replace the current board. The thinking is that the company's...


General Motors introduces a Middle East first with its Pre-Owned Vehicle Locator Website
In a move to make life easier for buyers of used cars, General Motors (GM) announced the launch of its Certified Pre-Owned Vehicle Locator Website - the first and only website of its kind in the...


The Internet thrives on dark energy
Dark energy powers the Internet, at least according Jonathan Zittrain. Zittrain is the Jack N. and Lillian Berkman visiting professor for entrepreneurial legal studies at Harvard Law School, the...


Figure the true cost of car ownership before you buy
NEW YORK (MarketWatch) -- A cheaper car can cost you more in the long run than a more expensive model, so besides looking for a good deal on your next car, consider how much that model will cost you...


Like it or not, it
I SHOULD HAVE KNOWN: Call people suckers, and they'll take offense.A number of folks were either confused or offended when I said recently that we are all suckers -- that is, losers -- when we use...


Jumbo loans still hard to get
Higher loan limits, set early this year by the federal government as part of an economic stimulus package, were supposed to make jumbo loans more affordable in expensive housing markets. Rates...


Paulson to visit Mideast to discuss money, terrorism
WASHINGTON -- Treasury Secretary Henry Paulson will visit four Middle East nations this month to discuss foreign investment, the fight against terrorist financing and Iran.The Treasury Department...


SoCal developer Maguire to end bid to buy company
LOS ANGELES – Developer Robert F. Maguire III has abandoned efforts to buy back the company that bears his name and is on the verge of being replaced as its chief executive and chairman, The...


Orange County janitors reach contract agreement
LOS ANGELES – Janitors in Orange County have reached a tentative agreement with their employers on a four-year labor contract. SEIU Local 1877 spokeswoman Gina Bowers says the janitors'...


Fla. lifts ban on Allstate selling new insurance policies
TALLAHASSEE, Fla. – Allstate Corp.'s subsidiaries can resume selling new car insurance and other policies in Florida after the insurer turned over documents showing how it sets homeowners...


U.S. Airways pilots union disapproves of possible United combo
PHOENIX – If US Airways and United Airlines decide to combine, they'll bring along a number of reluctant employee groups that would rather remain separate. US Airways pilots on Friday joined...


Stocks pare losses to finish mixed after oil spikes
-------- END BIGBOXAD ----------> But investors were clearly sidetracked for much of the session by energy prices and their effect on consumer spending, which accounts for more than two-thirds of...


Yahoo seeks to conceal parts of shareholder suit
SAN FRANCISCO – Yahoo Inc. is seeking to conceal large portions of a shareholder lawsuit alleging the Internet company's board improperly thwarted Microsoft Corp.'s $47.5 billion takeover...


GE confirms plans to exit appliance business
NEW HAVEN, Conn. -- General Electric Co. plans to sell or spin off the business that for a century has put appliances in American homes, a decision that could presage further asset sales, analysts...