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Big video game fans prove crucial to the industry

Updated: 12/22/2008 - They stand in line outside stores waiting for midnight launches of new video games. When they get home after a long day, they plop down in front of the TV not to sit back and watch, but to play.

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Egypt Internet Service Improving After Cables Cut

Updated: 12/22/2008 - Egypt's Internet service is back up to 60 percent capacity after being almost entirely knocked out when several undersea cables were cut, the country's Communications Ministry said Saturday.

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Cloud computing: Pie-in-the-sky concept or next big breakthrough on tech horizon?

Updated: 12/22/2008 - To meet the computing needs of 16,300 employees and contractors at Genentech Inc., Pierce took a chance and decided not to rely entirely on business software from Microsoft, IBM or another long-established supplier that would have let Genentech own the technology. Instead, Pierce decided to rent these indispensable products from Google Inc.

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New TNK-BP board elected

Updated: 12/22/2008 - Anglo-Russian oil joint venture TNK-BP elected a completely new board at an extraordinary shareholders' meeting Monday, bringing to a close one of the most bitter corporate disputes in Russia this year.

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China cuts interest rates in new growth effort

Updated: 12/22/2008 - China cut interest rates Monday for the fifth time in four months in a new effort to revive economic growth amid government anxiety about spreading job losses and worker protests.

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Walgreen 1Q Profit Falls 10 Percent on Store Costs

Updated: 12/22/2008 - Drugstore operator Walgreen Co. said Monday its profit fell 10 percent in its fiscal first quarter, short of Wall Street expectations, because of costs opening more than 200 new stores.

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Oil Prices Fall With Few Signs of Economic Rebound

Updated: 12/22/2008 - Oil prices fell below $42 a barrel Monday as reports from manufacturers like Toyota and Caterpillar pointed to a worsening global economic climate and serious deterioration in energy demand.

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Desert wind blows health risks from Calif mines

Updated: 12/22/2008 - RANDSBURG, Calif. (AP) -- Heaps of toxic mine waste rise like church steeples over this wind-swept desert town, threatening the health of residents and of thousands of off-road bikers.

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AIG Sells Hartford Steam Boiler for $742 million

Updated: 12/22/2008 - American International Group Inc. said Monday that it will sell its Hartford Steam Boiler unit to German reinsurer Munich Re for $742 million as the embattled New York-based insurer divests itself of units to pay back a U.S. government bailout loan.

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$1.6B Of Bank Bailout Went To Execs

Updated: 12/22/2008 - Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.

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Questions linger in deadly San Diego jet crash

Updated: 12/22/2008 - LOS ANGELES (AP) -- Two weeks after a Marine Corps plane slammed into a San Diego residential area, killing four people, questions have arisen about the decision to direct the hobbled fighter over homes to an inland airfield when a nearby base offered a route across open water.

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OSCE to close Georgia mission early next year

Updated: 12/22/2008 - Russia is forcing a team of international monitors, advisers and trainers to abandon their mission in Georgia by insisting that the two breakaway regions at the heart of this year's war be recognized as independent nations, officials said Monday.

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Obama's election voted top news story of 2008

Updated: 12/22/2008 - NEW YORK (AP) -- The epic election that made Barack Obama the first African-American president was the top news story of 2008 - followed closely by the economic meltdown that will test his leadership, according to U.S. editors and news directors voting in The Associated Press' annual poll.

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Ill. impeachment panel awaits word from prosecutor

Updated: 12/22/2008 - SPRINGFIELD, Ill. (AP) -- The legislative committee considering impeachment of Gov. Rod Blagojevich could be at the beginning of its work or nearing the end, depending on the wishes of federal prosecutors.

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Widespread winter blast strands holiday travelers

Updated: 12/22/2008 - SEATTLE (AP) -- A blast of winter in the nation's northern tier stranded travelers far and wide Sunday just a few days before Christmas, with dozens of flights delayed or canceled and bus passengers sleeping on cardboard at a Seattle terminal.

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Karzai presses top US military leader on buildup

Updated: 12/22/2008 - President Hamid Karzai pressed America's top military leader Monday on the U.S. strategy in Afghanistan as it prepares to pour up to 30,000 more forces into the country.

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Source: NYC charges expected in ground zero fire

Updated: 12/22/2008 - NEW YORK (AP) -- Three construction supervisors and a subcontractor have been indicted in the 2007 deaths of two firefighters at a ground zero skyscraper, a person familiar with the investigation said Monday.

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