The Mind's Eye Scans Like A Spotlight

Researchers at MIT's Picower Institute for Learning and Memory say you are more likely to scan the room, jumping from face to face as you search for your friend. In addition, the timing of these jumps appears to be determined by waves of activity in the brain that act as a...

Wells Fargo completes Wachovia purchase

Wells Fargo has completed the $12.7 billion purchase of Wachovia Corp. Wells Fargo expects the merger to result in at least $5 billion of annual cost savings, and to boost earnings per share by 20 percent or more in 2011 and higher amounts thereafter. Source: Wells Fargo -...

ICAAN Domain Name System (DNS) Vulnerabilities - Security Paper Released

ICANN urges any entity operating name services to update to the current versions to provide greatest protection. The details of the vulnerabilities have not yet been disclosed publicly at this stage so that developers can produce patches to reduce the threat these...

KKR Will List on NYSE - Update

KKR & Co., the leveraged-buyout firm run by Henry Kravis and George Roberts, plans to convert to a public company by the end of the year in a transaction that may give it a market value of as much as $15 billion. More Info

Twisters Hit Insurers

Record tornado damages, the weakening economy and a drop in premiums may reduce insurers' earnings by 30 percent, the steepest second-quarter decline since 2002.The industry's slump in profits is worse than all 24 groups in the Standard & Poor's 500 Index except for...