BRIEFCASE.Byline: - Staff and Wire Services Google's giving almost $1 billion SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden - Google Inc. is financing its promise to make the world a better place with an initial commitment of nearly $1 billion to a philanthropic arm devoted to causes that mesh with the online search engine leader's crusade. The altruistic al·tru·ism n. 1. Unselfish concern for the welfare of others; selflessness. 2. Zoology Instinctive cooperative behavior that is detrimental to the individual but contributes to the survival of the species. effort, formally announced late Tuesday under the umbrella of Google.org, follows through on a pledge that the Mountain View-based company made last year as it prepared its ballyhooed initial public offering of stock. T-bill rates rise highest since '01 WASHINGTON - Interest rates on short-term Treasury bills rose in Tuesday's auction to the highest levels since spring 2001. The Treasury Department auctioned $18 billion in three-month bills at a discount rate of 3.63 percent, up from 3.525 percent last week. Another $16 billion in six-month bills was auctioned at a discount rate of 3.95 percent, up from 3.87 percent last week. In a separate report, the Federal Reserve said Tuesday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages This article is about the US mortgage type. For an international perspective, see Variable rate mortgage. An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on an index. , rose to 4.08 percent last week from 3.97 percent the previous week. Real, Microsoft settle trust case SEATTLE - A broad settlement between digital media pioneer RealNetworks Inc. and its longtime foe Microsoft Corp. goes a lot further than simply ending the last major U.S. antitrust case Noun 1. antitrust case - a legal action brought against parties who are charged with limiting free competition in the market place action at law, legal action, action - a judicial proceeding brought by one party against another; one party prosecutes another for a against the tech heavyweight. The deal also aims to help the two companies better compete against Apple Computer Inc. in the increasingly important business of online audio and video. The settlement starts with a $460 million cash payment that settles all antitrust disputes worldwide that RealNetworks had against Microsoft. RealNetworks also gets $301 million in cash and services - including promotion on Microsoft Web sites and the software giant's instant-messaging service - that are designed to help its products reach a wider audience. Microsoft issues 'critical' patches REDMOND, Wash. - Microsoft Corp. released nine security patches A fix to a program that eliminates a vulnerability exploited by malicious hackers. See vulnerability and patch. Tuesday, including one for a flaw that could allow an attacker to create an outbreak similar to the Sasser worm that crippled crip·ple n. 1. A person or animal that is partially disabled or unable to use a limb or limbs: cannot race a horse that is a cripple. 2. A damaged or defective object or device. tr.v. computers worldwide. The flaw in Microsoft's dominant Windows operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. was one of three that the Redmond-based software company said warranted its highest rating of ``critical.'' All of them could allow an attacker to take complete control of another person's computer without that person's permission. Microsoft also released six less critical updates for its Windows operating system, including one that also affects the company's Exchange Server product. Dish unveils new multimedia player DENVER - The operator of the Dish Network See DBS. satellite cable TV service introduced a portable media player Tuesday that can display TV programs or movies, play music and store digital photographs. EchoStar Communications Corp.'s PocketDish works not only with Dish Network equipment but also with most televisions, PC or Mac computers, digital cameras, digital video recorders See DVR. and VCRs. The device, which is not equipped to receive programming broadcast directly from Dish's satellites, is one of a growing number of portable multi-use electronic devices on the market or expected to be introduced that display video content. |
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