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Drugs, Oil Push Dow Up 50
 Drugs, Oil Push Dow Up 50 
MARKETS
May 12, 2009 3:15 PM CDT

Drugs, Oil Push Dow Up 50

(Newser) - Financials dipped today as firms continued stock sell-offs to finance TARP repayments, but strong performance by drug and energy companies stabilized the market, the Wall Street Journal reports. Merck and Pfizer were up as much as 2% and 6%, respectively; oil got a boost from $60 barrels. The Dow was...

Clemens Offers Fresh Denial of 'Impossible' Steroid Use

(Newser) - Roger Clemens again denied past steroid use today, and criticized a new book that claims to detail his transgressions, the New York Daily News reports. It’s “impossible” that trainer Brian McNamee injected the pitcher with steroids “because he’s never given me any,” he told an...

Jacko Readies a Comeback
 Jacko Readies a Comeback 
May 12, 2009 2:33 PM CDT

Jacko Readies a Comeback

Dirty Dancing choreographer leads show

(Newser) - As the King of Pop readies his first concert run in more than a decade, so, too the requisite secrecy, swirling rumors, and lawsuits begin to get in shape. Michael Jackson may be developing moves to rival the moonwalk, he's definitely rehearsing six hours daily with 10 dancers and a...

US Threatens to Limit Intel Sharing With UK

... if British courts release details on Guantanamo abuse

(Newser) - The Obama administration says it will cut down on intelligence sharing with the UK if British courts reveal details on the treatment of a former Guantanamo detainee, the Washington Times reports. In a letter to the British Foreign Office, the administration says that releasing a report on the treatment of...

Google's Radio Ad Conquest Falls Flat

Automated advertising plan not music to industry's ears

(Newser) - Google has hit a stumbling block in its quest for world domination: A bid to “conquer radio” with its advertising program didn’t go as planned, and the firm is dropping the effort at the end of the month, the Wall Street Journal reports. The Internet giant bet its...

NFL's Model Is Better Bet Than Big Biz

(Newser) - The business world’s dependence on its own form of gambling—the “expectations,” or stock market—helped fuel the current financial crisis and the dot-com crash, writes Roger Martin in the Financial Times. “Neither would have happened if our business and capital markets theories had been as...

Cannes Prepares for a Quieter Festival

Economic woes put the breaks on Croisette craziness

(Newser) - The Cannes Film Festival opens tomorrow with a screening of the new Pixar film Up, but this year the glitzy two-week movie fest on the French Riviera may be a low-key affair, writes the Hollywood Reporter. Yachts have gone unrented, Vanity Fair has canceled its annual party, and movie execs...

Oprah to Fake Memoirist: Sorry!

Moment of reflection leads talk show queen to apologize

(Newser) - In a moment worthy of, well, Oprah, talk-show queen Winfrey herself had an epiphany while meditating—and called memoir faker James Frey to apologize for publicly eviscerating him on her show. “When I heard her say, ‘I felt I owe you an apology,’ I was very grateful,...

NY Lawyer Pleads Guilty to $400M Fraud

Dreier bilked clients, spent cash on yacht and beach houses

(Newser) - New York lawyer Marc Dreier pleaded guilty yesterday to selling hundreds of millions in bogus promissory notes to hedge funds and other clients, reports the Times. Dreier, 59, used the $400 million to fund a Manhattan apartment, beachfront houses, and an $18 million yacht. “He has disgraced the honorable...

The Not-So-Bookish Savor Twit Lit
The Not-So-Bookish
Savor Twit Lit
May 12, 2009 8:20 AM CDT

The Not-So-Bookish Savor Twit Lit

(Newser) - Consumers short on time and even shorter on attention spans are turning to 140-character summaries of Great Books on Twitter, reports the Telegraph. Classics have been "distilled" into prose Twitterers can read in the time it takes to sneeze. Waiting for Godot? No problem: "Vladimir and Estragon stand...

Congress Weighs Soda Tax
 Congress Weighs Soda Tax 

May 12, 2009 7:41 AM CDT

Congress Weighs Soda Tax

A few cents on every can could improve health

(Newser) - With health care reform expected to run the government around $1.2 trillion, Congress is looking for ways to pay for it. A new idea bouncing around Capitol Hill is a soda tax, reports the Wall Street Journal. “Soda is clearly one of the most harmful products in the...

Apple Cans 'Jesusizer' iPhone App
Apple Cans 'Jesusizer' iPhone App
May 12, 2009 7:20 AM CDT

Apple Cans 'Jesusizer' iPhone App

'Me So Holy' makers accuse company of being overly sensitive

(Newser) - Apple has rejected an iPhone application that lets users put their faces on images of Jesus and other religious figures, Wired reports. The company—crucified in the press last month for approving the "Baby Shaker" app—told the makers of "Me So Holy" that the app contained objectionable...

Ford Sells Shares to Raise Cash
 Ford Sells Shares to Raise Cash 
May 12, 2009 7:09 AM CDT

Ford Sells Shares to Raise Cash

(Newser) - Eager to shore up its cash reserves, stave off bankruptcy, and further distance itself from its struggling rivals, Ford Motor Co. will offer 300 million shares in a public offering this week, the Wall Street Journal reports. Ford thinks the offering will raise investor confidence, bringing in buyers who’ve...

Authors Want Boom Lowered on Book Pirates

Book piracy balloons with growth of e-readers

(Newser) - A surge in book piracy has followed hot on the heels of the growth in ebooks, the New York Times reports. Publishers trying to stamp out unauthorized editions online say the ease with which books can now be copied online make their efforts little more than a game of "...

Brits Offer Free Rehearsal Space to Tune Up Music Biz

Government gives cash-strapped young bands a helping hand

(Newser) - The British are hoping to give the next Beatles a helping hand by offering free rehearsal space, the Guardian reports. A government program spearheaded by former Undertones singer Feargal Sharkey is opening centers around the country to assist cash-strapped young bands who could potentially blossom into big names—and lucrative...

Geffen Sought Stake in NY Times
Geffen Sought Stake in
NY Times
May 12, 2009 3:43 AM CDT

Geffen Sought Stake in NY Times

Media mogul rebuffed after bid for 20% of company

(Newser) - Media mogul and DreamWorks co-founder David Geffen recently offered to buy nearly 20% of the struggling New York Times Company, Fortune reports. Geffen offered market price, currently $194 million, for the shares owned by Harbinger Capital Management. But the hedge fund rejected his offer as too low. He hasn't been...

Google Brings Online Chrome Ad to TV

With browser far behind competitors, innovator goes traditional

(Newser) - In a desperate bid to heighten the visibility of its little-used web browser Chrome, Google has launched its first American television advertising campaign, the Guardian reports. The TV ad was made by a Google Japan team and uses stop-motion animation. Google says it’s “excited to see how this...

Old School? New School? Kids Rap to Better Grades

(Newser) - A novel afterschool program, developed in Chicago and Cleveland and just now hitting Denver, uses rap music to make kids better students, the Post reports. “They learn about similes, different poetic devices,” the program’s founder said. They “learn to rap a Shakespearean piece.” One decidedly...

Obit Editors Fall for Fake Wikipedia Quote

Papers printed Maurice Jarre gem, but he didn't say it; Irish student did

(Newser) - An Irish college student managed to prank the world media in an attempt to illustrate lax fact-checking in today’s 24-hour news cycle, the AP reports. When French composer Maurice Jarre died March 28, Shane Fitzgerald fabricated a delicious quote and put it on the Jarre Wikipedia page. The citizen...

Prince William: I Am Banksy
 Prince William: I Am Banksy 
May 11, 2009 2:01 PM CDT

Prince William: I Am Banksy

(Newser) - Is Prince William living a secret double life? Probably not. But he drew laughs at a London gallery by “confessing” that he is Banksy, the mysterious and controversial graffiti artist. Banksy’s art can be found throughout the UK and beyond, but the reclusive artist refuses to be photographed...

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