Windows 7 to be tailored for netbooks

Reuters

Microsoft outlined plans to offset revenue declines as the PC market shifts to low-cost netbooks, but it failed to announce more cost cuts, sending its shares to an 11-year low.

Branson expands empire as Virgin cuts jobs

AAP

Even a $101.4 million loss and plans to cut 400 jobs from his global business empire can't keep the indefatigable Richard Branson down.

Asean leaders coordinating on financial crisis

Reuters

Southeast Asian leaders say they back stimulus plans, oppose protectionism and will co-ordinate policies to confront a deepening global financial crisis battering their economies.

AIG 'nears new bailout deal'

Reuters

Embattled insurance giant American International Group is close to a deal with the US government that would ease the terms of its bailout, give a further equity commitment and help it pay down debt, a person familiar with the matter says.