Obama set for outreach to skeptical Arab world
President Barack Obama will lay out a new U.S. strategy toward a skeptical Arab world on Thursday, offering fresh aid to promote democratic change as he seeks to shape the outcome of popular uprisings threatening both friends and foes. In his much-anticipated “Arab spring” speech, Obama will try to reset…
Eurozone’s economic growth accelerates
The economy of the 17 countries that use the euro grew by 0.8% in the first three months of 2011, up from 0.3% in the previous quarter. Germany was largely responsible for the better-than-expected figure, reporting growth of 1.5% in the period. There was a surprisingly strong 0.8% growth rate…
Sony CEO apologizes to gamers; shares fall 2 percent
Sony Chief Executive Officer Howard Stringer apologized to users of its PlayStation Network and other online services, breaking his silence on the biggest Internet security break-in ever, but failed to provide a date when services would resume. Stringer’s comments come after he faced criticism of his leadership since Sony revealed…
Oil prices slip on bin Laden death
Oil prices erased early losses Monday, ending the session only slightly lower, as the knee-jerk optimism triggered by Osama bin Laden’s death began to fade. President Barack Obama announced late Sunday that U.S. forces had killed al-Qaeda leader Osama bin Laden, and officials said early Monday that bin Laden’s body…
U.S. stocks finish April sharply higher
Stocks posted gains Friday to act their top period this assemblage, as investors got a friendship encouragement from sound earnings out of Caterpillar. “The market feels a little on the high side, but these good earnings figures are keeping stocks slowly moving higher,” said Frank Davis, director of sales and…
Learning from Amazon’s cloud collapse
Call it Cloudgate, Cloudpocalyse or whatever you’d like, but the extended collapse of Amazon Elastic Cloud Compute (EC2) is both a setback for cloud computing and an opportunity for us to figure out how to stop it from happening again. Amazon may be best-known for its online shopping site, but…
