Seagate Introduces Perpendicular 2.5-Inch Disc Drive

Seagate Technology has announced the world's first 2.5-inch disc drive built on perpendicular recording technology The 160GB Momentus notebook has 25% more capacity than the largest capacity notebook drive currently on the market.

Greenberg Leaves AIG’s Board

Former chairman and CEO of insurance group American International Group (AIG), Maurice "Hank" Greenberg, has resigned from the company's board.

Greenspan Says Economy Not So Bad, Right Now

Federal Reserve chairman Alan Greenspan testified before the joint economic committee of Congress today and gave reassuring word that the economy, while somewhat soft in the first quarter, continues to remain strong overall.