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Investors rebel over Shell executive pay
In one of the biggest investor rebellions over directors' pay, about 59 per cent of the oil multi­national's shareholders voted down the company's remuneration report
FT

Exploiting The Credit Card Law Loophole
Today's sweeping credit card industry reform won't take effect for nine months after it is signed, and consumer groups are concerned the credit card companies will use hike up interest rates and fees while they can.
CBS News

Cogent To Sell Majority Of Company to Consortium of Brokers
Brokers will offer buy-side an online portal to aggregate CCA/CSA balances and pay research providers.
Financetech.com

Yahoo Aims To Redefine What It Means To Search
The company hopes bolstering its semantic search capabilities will help it better compete with Google for ad dollars and happier customers.
Information Week

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

Senate Passes Credit Card Reform Bill
The Senate has voted to prohibit credit card companies from arbitrarily raising an individual's interest rate and charging many of the exorbitant fees.
CBS News

Nokia 6600i Slide
Nokia has introduced it's new 6600i Slide, one of the company's smallest 5Mpix slider handset to date. It will be available in the Q3 in selected markets at a price of EUR 200 excluding taxes and subsidies. The retail package will also include a 1GB micro SD card and the Nokia stereo headset WH-203 with FM radio.Nokia 6600i slide specifications: 2.2' 240×320 16 million color display; 5Mp... [These are short news! Click for details]
Cellaz

HP cuts outlook as PC sales drop
Hewlett-Packard Co. cut its full-year sales outlook Tuesday as it reported that weak PC sales contributed to a 17% drop in quarterly profit, but the company said it saw some signs of improvement in consumer sentiment.
CNN

Glaxo offers WHO 50 million pandemic vaccines
LONDON -- Drug giant GlaxoSmithKline said it has offered to donate 50 million doses of a pandemic vaccine to the World Health Organization in the event of a global flu outbreak, according to a company spokesman.
Seattle Post Intelligencer

EDS a Bright Spot for HP
HPs fiscal second quarter saw revenues drop for all the major busi-ness segments except for services, which almost doubled revenues, thanks in large part to EDS, which HP bought last year. Overall, HP saw revenue drop 3 percent over the same period last year. HP officials said the company would continue to trim ex-penses, adding that it would cut another 2 percent of its workforce over the next 12 months. - Services was the lone shining light in an otherwise difficult fiscal second quarter for Hewlett-Packard, thanks in large part to last year's $13.9 billion acquisition of EDS. In announcing second-quarter earnings May 19, HP officials said the $8.5 billion in revenue that the companys services busin...
eWEEK

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