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Gulf Coast Preps for Arlene Assault
Tropical storm Arlene, the first named storm of the season, makes its way toward the coastal areas of the Gulf of Mexico. The storm is expected to hit land in the early afternoon on Saturday.
Trojan Horse Rides In On Michael Jackson Suicide Note
The latest trick on the "lets mess up people's computers" front is also an exercise in extraordinarily bad taste. On Thursday, British security firm, Sophos labs picked on Trojan horse packed into an email posing as a suicide note for the pop singer.
NASA Administrator Ousts 20 Officials, Explorations Systems Head Quits
The Washington Post reported that NASA Administrator Michael Griffin intends to get rid of about 20 officials by sometime in August. Two of the people to be ousted are leaders of the space shuttle program.
Citigroup Drops $2 Billion For UC Enron Investors
Citigroup was sued by a group of investors led by the University of California over its role in the fall of Enron. Citigroup agreed to pay $2 billion to settle.
Tropical Storm Fears Keep Oil Above $54
Fears that a tropical storm moving into the U.S. Gulf area have kept oil prices above $54 a barrel. Traders are concerned that the storm will disrupt production in the area.
