Dow Jones swaps Travelers, Cisco for Citigroup, GM

NEW YORK — The Dow Jones industrial average is the latest Wall Street institution to be reshaped by the financial crisis.

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A look at economic developments around the globe

A look at economic developments and stock market activity around the world Thursday:

TOKYO — Electronics giant Sony Corp. reported its first annual net loss in 14 years and forecast a bigger loss this year, saying the pressure from sliding sales, competition in gadget prices and a strong yen was expected to continue. Meanwhile, Sanyo Electric Co., which is being acquired by larger Japanese rival Panasonic Corp., reported an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small profit this fiscal year.

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TORONTO - IBM Canada, which has 19,600 employees on its rolls, announced Thursday that it is axing a number of jobs to contain costs.

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HYDERABAD - Once in the list of the richest Indians, disgraced founder and former chairman of Satyam Computers B. Ramalinga Raju and his brother B. Rama Raju spent Saturday night in the Chanchalguda jail and slept on the floor along with 26 other prisoners accused of petty crimes like theft.

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LONDON - Performing two Google searches from a desktop computer can generate the same amount of harmful carbon dioxide as boiling an electric kettle for a cup of tea, according to new research quoted Sunday.

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Summary

Java EE 5 (formerly J2EE 1.5) Unanimously Passes Public Review Ballot; Promises Ease of Use

Java 1.3.1 and 1.4.2 Release 2 DP4 for Tiger

Java Software is Carving a Niche in Critical Real-Time Applications Market
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GreaseMonkey is a popular Firefox extension which allows lots of great enhancements to your browser using third party GreaseMonkey scripts. Yesterday a serious security vulnerability was found which exposes the hard drive content of GreaseMonkey users to any website you visit. Windows as well as Mac users are affected. And there is more. Here are the gory details.

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