Google is launching a new search engine today that will focus on finding works of academic research. Located online at scholar.google.com, the free service will facilitate Internet searches for theses, books, abstracts and technical reports. It will also offer ways to find scholarly works in hard copy that are not available on the Internet.
EU Selects U.S. Goods for Tariffs
The European Union said it has selected U.S. products, including textiles, sweet corn and heavy machinery, to punish with tariffs starting early next year if Washington doesn't quickly repeal an antidumping law ruled illegal by the World Trade Organization. The list submitted to the WTO this week targets "vocal U.S. sectors that could help Congress focus its mind on compliance," said E.U. trade spokeswoman Arancha Gonzalez. U.S. trade spokeswoman Neena Moorjani said the Bush administration was working with Congress to bring the law into compliance.
Electronics retailer Best Buy has been accused in a lawsuit of discriminating against older workers during its transfer of information technology jobs to Accenture. The lawsuit claims Best Buy targeted workers over age 40 when it fired about 150 people in October 2003 and June 2004. About 68 percent of those fired were over 40, according to the lawsuit, which was filed by 44 former employees. Best Buy called the suit "without merit" and said it would fight the allegations.
(Toby Talbot -- AP)
The Securities and Exchange Commission is postponing for a year a rule that would reduce the amount of time companies are given to file their financial reports. The delay gives companies more time to adjust to controls mandated by the Sarbanes-Oxley Act, the SEC said.
Segway's president and chief executive, Ronald A. Bills, resigned. No replacement was named. Segway's product, a two-wheeled self-balancing scooter, was introduced in 2001 and a 2003 recall revealed that only about 6,000 had been sold.
Microsoft developed policies to destroy internal e-mails and other documents crucial to ongoing lawsuits, according to a motion by California software company Burst.com originally filed Oct. 29 and unsealed Monday. Burst is suing Microsoft for anticompetitive behavior.
Merck's three biggest investors may have suffered losses of as much as $4.46 billion since the company withdrew its Vioxx painkiller from the market. Holdings by the company's biggest investor, Barclays, may have lost $2.04 billion since Sept. 29. State Street's stake may have fallen $1.37 billion, and the value of Fidelity Investment's interest may have dropped $1.05 billion.
SBC Communications will use a Microsoft software system to transmit television over high-speed Internet connections. The deal was valued at $400 million over 10 years. SBC plans to offer TV after replacing its copper-wire telephone network with fiber-optic cables.
The U.S. Navy again delayed a contract award worth about $1.6 billion to build the next presidential helicopter fleet, saying it needs more time to choose between teams led by Lockheed Martin and United Technologies. The decision will be made by the end of January.
The board that oversees the U.S. accounting industry said it is developing new rules on the types of tax services that auditors can provide. The Public Company Accounting Oversight Board also said it hopes to issue new standards in 2005 for detecting corporate fraud.
A health care financing executive admitted participation in a scheme to take money from National Century Financial Enterprises and hide it by moving it among subsidiaries' bank accounts. The charge against John Allen Snoble stemmed from the company's collapse, which affected health care providers across the country. The fraud cost investors between $2.1 billion and $2.9 billion, according to a U.S. attorney. Two former company officials have also pleaded guilty in the case.