Technology
Britain 'leads digital TV uptake'
Hearing at the cutting edge
RTEV, Shuanghuan Auto plan 2-seater electric car for '09
U.S. DOE puts out call for more cleantech EIRs
EnerG2 emerges from stealth with ultracapacitor material
ISE raises $17.5 million for hybrid engines
India develops fuel cells using rocket technology from moon mission
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Microsoft to offer free security
Main BBC channels go live on net
Kill Comatose Computers
Astronaut loses tool bag during spacewalk
Developer strikes it rich with iPhone game
How astronauts stay fit -- in space, even
Nasdaq Plunges 199–or 9 Percent–Among Worst Days Ever [Voices]
The Nadsaq Composite today plunged 199.61, or 9.14 percent, to 1983.73, as investors fled equities amid a growing sense of crisis in the financial sector. Stocks started off sharply lower this morning; the slide accelerated after the House rejected a proposed $700 billion buyout of the financial sector.
The Nasdaq’s slide is the 8th largest ever in terms of points, and the third biggest ever on a percentage basis. The index has been tracked since 1971.
The only two days which were worse on a percentage basis include the 11.4 percent slide by the index on Black Monday, October 19, 1987, and the 9.7 percent drop on April 14, 2000.
While selling was widespread, the tech-heavy Nasdaq Composite suffered the worst decline today of the major indexes. The Dow Jones Industrial Average fell 748 points, or 6.7 percent, to 10,394.92, the worst day ever for the index in terms of points. The S&P 500 dropped 102.7 points, or 8.5 percent, to 1,110.27.
The Wii Version Will Come With a WiiBong and WiiSyringe [Digital Daily]
Oh, look: Grand Theft Auto: Chinatown Wars has “reignited” the violent videogame debate. What a surprise. Last time GTA and its publisher Rockstar Games sparked this kind of outrage it was for “Grand Theft Auto: San Andreas” and the infamous “Hot Coffee mod” — a patch that unlocked an explicit, but anatomically improbable, sex scene between the game’s protagonists.
This time the outcry is over the Nintendo DS-bound Chinatown Wars and its drug-dealing minigame, which offers players the chance to try their hand at a little narcotics trafficing. “We wanted to have a drug-dealing mini-game in lots of the GTA games,” said Rockstar vice president Dan Houser. “We played with it a little in ‘Vice City Stories,’ because it worked really well juxtaposed with the main story. It works well with what GTA is, with driving around the map, and it gives you another thing to think about — another layer or piece of the puzzle to keep you motivated.”
And another layer to add to the GTA marketing campaign which clearly thrives on controversy.
Yusuf Mehdi Gets a Big New Job at MSN–But Still No Digital Head in Sight [BoomTown]
Longtime Microsoft exec Yusuf Mehdi (pictured here) is taking over a big part of Microsoft’s online services portfolio–including marketing, online audience business development and product management for MSN and the search properties.
But Microsoft (MSFT) has yet to name an overall digital head for these online properties, which has been promised by Microsoft CEO Steve Ballmer since the departure of Kevin Johnson in late July.
Mehdi is essentially getting a part of the portfolio of Microsoft SVP Bill Veghte, who will now be primarily focused on Windows and Windows Live business groups.
Mehdi was previously the SVP for strategic partnerships under Johnson.
He is now part of a troika that includes Brian McAndrews, the SVP for the advertiser and publisher solutions group, and Satya Nadella, the SVP who heads engineering for Microsoft’s search, portal and advertising platform group. (Both are pictured here, left to right.)
Who will lead this three-headed beast is still unknown–both Mehdi and McAndrews have been considered the top internal candidates to lead the online properties group, which has been struggling for direction after Microsoft’s failed takeover of Yahoo (YHOO).
Yahoo’s shares have plummeted in recent days, as Wall Street has been hard hit, closing at just below $17 a share today, with a market cap of almost half of what Microsoft’s initial offer was early this year.
To stir things up and catch archrival Google (GOOG), Ballmer has reportedly been trying to recruit a superstar exec from outside the company, including Silicon Valley, to no avail.
- Recent Economic Perspectives from Bank of America Securities + US Unemployment Rate
- Deleveraging Is On The Way. Embrace Simpler Lifestyle!
- Europe puts $2.3 trillion on line for banks - Is it still too small?
- Global financial crisis requires you to be patience and use your common-sense
- Credit Default Swaps Market: A Giant Phantom Market Poised To Collapse
- Breaking News: Congress OKs Historic $700 Billion Bailout Bill; BUT IS IT TOO LATE?
- Charlie Rose Interview with Warren Buffett on Wed, Oct 1, 2008
- Recommended Book: "The Snowball: Warren Buffett and the Business of Life." by Alice Schroeder
- FDIC's Failed Bank List
- Acquisition of Washington Mutual’s banks by JPMorgan Chase. Wamu's shareholders will get nothing.