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HP cuts jobs as profits fall 17%
Hewlett-Packard (HP) reports a 17% fall in quarterly profit and says it will lay off around 6,400 employees.
Market Watch

Katie and Suri Cruise Spotted at American Idol Taping
A solemn-faced Katie Holmes, 30, and her 3-year old daughter, Suri Cruise, showed up at Tuesday night's taping of American Idol, witnesses told Usmagazine.com. Join Us on Facebook and Twitter for even more up to the minute celebrity news and photos!
US Magazine

Shawn Johnson wins `Dancing with the Stars`
Shawn Johnson is adding a mirrorball trophy to her collection of Olympic medals. The 17-year-old gymnast was named Dancing With the Stars champion Tuesday during the season finale of the hit ABC show.
New York Daily News

H.P.'s Profit Falls 17%
Slumping business and consumer spending continued to weigh down Hewlett-Packard in the second quarter.
New York Times

HP profit drops 17 percent
Hewlett-Packard Co. says its quarterly profit dropped 17 percent as sales of personal computers and printer ink slumped.
Houston Chronicle

Brown promises expenses reform
After the resignation of Britain's parliamentary speaker, Prime Minister Gordon Brown called a news conference. He promised reform of the.
Euronews.net

Flipping homes and claiming for household goods banned
Outgoing Speaker tells the Commons that politicians' lax system of allowances will now be tightened upMPs will no longer be allowed to 'flip' second homes or claim for household goods, the outgoing Commons Speaker Michael Martin announced tonight as part of a 'robust' set of interim measures aimed at resolving the MPs' expenses crisis.Just hours after telling the Commons he was standing down as Speaker next month following pressure over his handling of the expenses debacle, Martin reappeared to tell MPs that the lax system of allowances would be 'tightened up'.He outlined the changes after Gordon Brown announced that 'fundamental' changes would be made to 'clean up' politics.Speaking at a Downing Street news conference this afternoon, the prime minister said an independent, extra-parliamentary body would need to take over the Commons fees office and operate a new allowances system following revelations about the lax system which has governed expenses claims lodged by MPs over the years
Guardian

Google `falling behind Twitter`
. Co-founder Larry Page says search engine has been losing out to micro-blogging site in battle to provide real-time information. Chief executive hints that Google could go into partnership with TwitterGoogle's co-founder, Larry Page, admitted today that the company has been losing out to Twitter in the race to meet web user's demand for real-time information.Instead, the search engine's chairman and chief executive, Eric Schmidt, hinted that it could become a partner of the micro-blogging site. Twitter has come from nowhere to become the third most visited social networking site in the US in just three years by allowing its users to broadcast their thoughts, actions and news instantly.Google's search engine, in contrast, can take hours or even days to update. While this is usually not a problem as accuracy of results is more important than speed of updating, as the internet community comes to demand ever faster information Twitter has left Google in its wake.'People really want to do
Guardian

Britney Spears Sued by Former Bodyguard
Britney Spears' former bodyguard filed a lawsuit against the pop star, Usmagazine.com confirms. See photos of stars in court. According to court documents that were filed Monday, Kerry Vine claims he sustained physical injuries while working at her former home at the Summit in Beverly Hills in March 2008. See photos of stars in court. 'Advanced security Concepts negligently operated their... Join Us on Facebook and Twitter for even more up to the minute celebrity news and photos!
US Magazine

Sarah Jessica Parker Concerned for Safety of Surrogate
Sarah Jessica Parker says she's concerned for the safety and well-being of the surrogate through whom she and husband Matthew Broderick are expecting twin daughters. See photos of other stars who have twins! The sex and the city star said the heightened media attention has led to an invasion of the woman's privacy, Access Hollywood reports. The surrogate's telephone and computer have been... Join Us on Facebook and Twitter for even more up to the minute celebrity news and photos!
US Magazine

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