Word: techs
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...Lifehacker Computer-tech tips and tricks to help you save time, and keep you sane; sister-blog Gizmodo gives up all the latest gadget news. Too mainstream for you? Best to head over to our favorite geek-convention,Slashdot.org
...where other people are surfing, and share your own favorite links). Maps.yahoo.com/traffic offers a visual guide to gridlock situations on major roads in 20 metropolitan areas; Yahoo Photos offers new ways to share images (more advanced search features, tagging and other tools); and the new Yahoo Tech page cherry-picks from CNET's playbook. Earlier this summer, Yahoo partner site fifaworldcup.yahoo.com scored with video highlights and a live MatchCast...
...test-firing seven ballistic missiles, the United Nations Security Council voted to bar U.N. member states from trading missile-related technology and materials with the North. South Korea is holding back rice and fertilizer aid; Japan is preparing to impose its own economic sanctions including tough restrictions on high-tech exports to the North. Then Typhoon Ewiniar battered one-third of the country, leaving upward of 60,000 villagers homeless...
...high-yield, risky junk bonds. Raiders feasted on bloated conglomerates such as Beatrice, buying them up, busting them apart and reselling at a profit--until the economy slipped into recession. The ensuing bankruptcies killed off the junk-bond market, and the deals dried up. The late 1990s saw a tech-driven LBO resurgence, but that too ended with the 2000 bubble burst...
...action is attracting a host of new players. Investment banks, which retrenched after the tech bust, are ratcheting back up, as are money managers like financial-services firm Amvescap, which last week acquired WL Ross & Co., a buyout firm run by turnaround specialist Wilbur Ross. Even hedge funds--whose trader mentality is antithetical to buying and holding--are taking pages out of the buyout playbook. Hedge-fund operator Eddie Lampert not only bought and merged Sears and Kmart but also installed himself as chairman...