IBT Staff Reporter

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Microsoft Offers Windows 7 Release Candidate

Microsoft Corp. has announced on Thursday the availability of Release Candidate (RC) of Windows 7, marking an significant milestone to the final availability of its latest operating system.

China requests proposal for carbon tax

China's Ministry of Finance and the Ministry of Environmental Protection have requested a study on a carbon tax that may become a method for the nation to slash greenhouse gas emissions into the atmosphere.

Auto sales plunge to near 30-year lows

U.S. auto sales fell 34.4 percent in April as the industry held near the lowest levels in nearly 30 years and closed out the month with Chrysler LLC filing for bankruptcy protection.

Ford sales fell 31.6 percent

Ford Motor Co, which reported first quarter net loss of $1.43 billion, said Friday its April sales in the Americas fell 31.6 percent amidst the economic downturn.

Alaska Gov. Palin rejects funds for state energy program

Alaska governor Sarah Palin rejected $28.6 million from the federal government's stimulus package destined for the State Energy Program because she said Alaska has conditions that are not conducive to a federally mandated universal energy code, she said.

US Sen. Reid optimistic of progress on climate bill

The U.S. Congress will make enough progress on climate change legislation this year to boost prospects for success at December's Copenhagen summit on cutting greenhouse gases, Senate Majority Leader Harry Reid predicted on Friday.

Bank stress tests to clarify U.S. credit crisis

The true dimensions of the U.S. credit crisis will become much clearer next week with the release of results from unprecedented government stress tests of the nation's 19 largest banks and their capital needs.

Acer: Windows 7 will be released October 23

Acer, the world's joint second largest manufacturer of PCs, has reportedly confirmed that Windows 7 will be available pre-loaded on their new all-in-one Z5600 PC from 23 October, ahead of Microsoft's suggested release date.

U.S. confidence rising but auto sales still weak

U.S. consumers felt much more upbeat about the economy in April, a month when the country's battered manufacturing sector also appeared to be crawling out of a deep recessionary hole, reports showed on Friday.

Economists' Commentary:Jumbo Loans

In recent months the availability of jumbo loans has decreased while the interest rate spread between jumbo rates and ten-year treasuries has widened. These developments are having a negative effect on the housing market.

Wall St turns lower on banking concerns

U.S. stocks turned lower on Friday in volatile trading as banks fell on concern over what the government's stress tests will show after the release of the results was delayed.

Ford sales slump 31.6 percent

Ford Motor Co on Friday posted a 31.6 percent decline in U.S. sales for April as the economic downturn continued to pressure the industry.

RIM shares rise after analyst upgrade

Shares of BlackBerry maker Research In Motion rose 4 percent on Friday after analysts at UBS Investment Research upgraded the stock and said the company stands to gain from the corporate side of its business once the economy rebounds.

Bon Voyage in France!

With a French grandmother, it is a good thing I love France as much as I do. But, I mean, what’s not to love about France? It is the ultimate tourist destination offering everything from bustling, historic and romantic cities like Paris, to quaint villages with cobblestone streets, to vineyards, to beautiful beaches and rocky coastlines.

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