Microsoft to stop book scanning
Microsoft Corp. is abandoning its effort to scan whole libraries and make their contents searchable, a sign it may be getting choosier about the fights it will pick with Google Inc. The world's largest software maker is under pressure to show it has a coherent strategy for turning around its unprofitable online business after its bid for
Yahoo Inc., last valued at $47.5 billion, collapsed this month. Digitizing books and archiving academic journals no longer fit with the company's plan for its search operation, wrote Satya Nadella, senior vice president of Microsoft's search and advertising group, in a blog post late last week. Microsoft will take down two sites for searching the contents of books and academic journals this week, and Live Search will direct Web surfers looking for books to non-Microsoft sites, the company said.
FDIC issues guide on managing money
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In tough economic times, the Federal Deposit Insurance Corp. has created a free guide to better money management. Contained as part of the quarterly FDIC Consumer News release, the "Money Tips for All Ages: Your Finances at Different Stages of Life" has information for consumers at any age as well as those at specific points in their lives. Teens are given advice on how to save money and avoid identity theft, and the guide tells retirees how to manage finances on a fixed income and learn about annuities and reverse mortgages. The guide can be found online at www.fdic.gov/ consumers/consumer/news/ cnspr08, where consumers also can find an online form to order two free paper copies.
ID theft concerns are up, survey says
Two-thirds of U.S residents feel they could be an identity theft victim, according to a survey by the Identity Theft Resource Center and Fellowes Inc., a leading manufacturer of shredding machines. In the survey, more people felt that way than in a 2007 survey, when 57 percent did. Only
7 percent in the 2008 survey thought family and friends could steal the respondent's identity, when such a situation describes 17 percent of all identity theft cases. The survey showed that 66 percent of all respondents use some method to prevent identity theft, and women are more likely than men to do so. A report on the survey noted that overall, more people are concerned about identity theft than when the survey was first done in 2006.
Futuristic vehicle designs are taking off as consumers become more concerned about fuel economy.