Web Development Live

SAN FRANCISCO Microsoft Corp.’s attempt to take over Yahoo Inc. has become so tortured it may help Internet search and advertising leader Google Inc. grow stronger, undermining Microsoft’s main reason for pursing the deal in the first place.”We find this to be a very advantageous situation for Google,” Cantor Fitzgerald analyst Derek Brown said Thursday. “The longer this gets dragged out, the better for Google.”Yahoo signaled it is bracing for a protracted battle late Wednesday when an announcement and a media leak provided a glimpse at its labyrinthine search for alternatives to Microsoft’s bid of more than $40 billion.The options include an experimental advertising alliance with Google that could lead to a broader partnership and, according to published reports, a combination with the online operations of Time Warner Inc.’s AOL. Google also owns a 5 percent stake in AOL.As part of the AOL deal, Time Warner would get a roughly 20 percent stake in the merged entity in return for a substantial sum of cash that would help Yahoo buy back some of its stock at a price well above Microsoft’s offer, which was initially valued at $31 per share.”This is the first time that we have seen real feasible alternatives that could derail the Microsoft deal,” said analyst Jeffrey Lindsay of Sanford C. Bernstein %26 Co.Other analysts doubt Yahoo will succeed in thwarting Microsoft but believe it could force the world’s largest software maker to raise its offer as high as $35 per share, or about $50 billion.For its part, Microsoft has indicated that it may lower its offer if Yahoo doesn’t accept the current bid by April 26.But Microsoft made that threat before the details about Yahoo’s alternatives with Google and AOL emerged.Although Microsoft has plenty of money to up the ante on its own, the Redmond, Wash.-based company may draw upon another deep pocket - Rupert Murdoch’s News Corp.Under this reported scenario, News Corp. would contribute the Internet’s top social network, MySpace.com, and some cash in a Yahoo takeover. The proposed deal would put three of the Web’s most popular sites - Yahoo, MySpace and Microsoft’s MSN - under the same umbrella.In another ironic twist, Google could benefit if Microsoft and News Corp. buy Yahoo because it already has a long-term contract to show ads on MySpace.Microsoft, Time Warner and News Corp. all declined to comment Thursday. A Yahoo representative didn’t respond to inquiries about the AOL deal. Google and Yahoo announced their advertising test Wednesday.Yahoo directors are expected to meet Friday to discuss the company’s options.Investors seemed to welcome the latest developments. Yahoo shares rose 82 cents to $28.59 while Microsoft shares gained 22 cents to close at $29.11. The stocks of Google and Time Warner also moved up, while News Corp.’s Class A shares dipped 5 cents to $18.89.The reported negotiations to bring together some of the world’s largest Web sites underscores the Internet’s maturation as a business sector. As consumers spend more time online, the smart money is following them - and now there’s a mad scramble to latch on to the prime properties in this promised land of future profit.”The most likely outcome here is that a few players will become more and more dominant on the Internet,” said James Owers, a Georgia State University professor specializing in media and corporate finance.The stakes are so high that News Corp. and AOL might decide to join forces if their latest negotiations with Microsoft and Yahoo don’t pan out, Citigroup analyst Jason Bazinet wrote in a Thursday note to investors.Google has emerged as the Internet’s most profitable company so far, primarily by showing relevant text-based ad links alongside the billions of search results that it churns out each month.Propelled by its success in search, Google built up a vast computer network that hosts a wide range of free services - many of which threaten to make Microsoft’s software less vital to consumers and businesses.Microsoft believes Yahoo’s franchise will give it more weapons to retaliate against Google and reverse the losses that have plagued its online division.But it’s looking less likely that Microsoft will be able to realize its goal of completing the Yahoo deal by the end of this year.If Yahoo continues to resist, Microsoft probably will have to take its bid directly to shareholders - an acrimonious process that is typically settled at the target company’s annual meeting. Yahoo doesn’t have to hold its annual meeting until July 12.And a deal done that late in the year isn’t likely to emerge from antitrust regulators’ purview until 2009, according to experts.Yahoo may be able to rally support from its shareholders by pointing to the possibility of a long-term partnership with Google, which some analysts believe could boost Yahoo’s cash flow by 25 percent to 35 percent.Google, too, could make more money from the alliance. But Lindsay doubts that’s the search leader’s main incentive for the tests.”Anything that Google can do to keep Yahoo from going to Microsoft is good for Google,” Lindsay said.If Yahoo turned over all its search-driven advertising to Google, it would face intense regulatory scrutiny that would be difficult to overcome, analysts predicted. Google controls 59 percent of the U.S. search market followed by Yahoo at 22 percent and Microsoft at 10 percent, according to comScore Media Metrix.For now, Yahoo is allowing Google to show advertising links alongside no more than 3 percent of its U.S. search results and only for two weeks.Microsoft already has signaled that it will strenuously object to antitrust regulators if Google sells search ads for Yahoo on a full-time basis. But a regulatory review might hurt Microsoft more than Google, Lindsay said, because it could mean waiting even longer to own Yahoo.If Microsoft is able to pull off the Yahoo takeover, melding the two organizations will be difficult, especially if the deal is hostile or includes a third party like News Corp.”The more complicated a deal gets, the more difficult it becomes to satisfy all parties,” Brown said. “And the more complicated the (post-deal) integration gets, the more it favors Google.”

SAN FRANCISCO Microsoft Corp.’s attempt to take over Yahoo Inc. has become so tortured it may help Internet search and advertising leader Google Inc. grow stronger, undermining Microsoft’s main reason for pursing the deal in the first place.”We find this to be a very advantageous situation for Google,” Cantor Fitzgerald analyst Derek Brown said Thursday. “The longer this gets dragged out, the better for Google.”Yahoo signaled it is bracing for a protracted battle late Wednesday when an announcement and a media leak provided a glimpse at its labyrinthine search for alternatives to Microsoft’s bid of more than $40 billion.The options include an experimental advertising alliance with Google that could lead to a broader partnership and, according to published reports, a combination with the online operations of Time Warner Inc.’s AOL. Google also owns a 5 percent stake in AOL.As part of the AOL deal, Time Warner would get a roughly 20 percent stake in the merged entity in return for a substantial sum of cash that would help Yahoo buy back some of its stock at a price well above Microsoft’s offer, which was initially valued at $31 per share.”This is the first time that we have seen real feasible alternatives that could derail the Microsoft deal,” said analyst Jeffrey Lindsay of Sanford C. Bernstein %26 Co.Other analysts doubt Yahoo will succeed in thwarting Microsoft but believe it could force the world’s largest software maker to raise its offer as high as $35 per share, or about $50 billion.For its part, Microsoft has indicated that it may lower its offer if Yahoo doesn’t accept the current bid by April 26.But Microsoft made that threat before the details about Yahoo’s alternatives with Google and AOL emerged.Although Microsoft has plenty of money to up the ante on its own, the Redmond, Wash.-based company may draw upon another deep pocket - Rupert Murdoch’s News Corp.Under this reported scenario, News Corp. would contribute the Internet’s top social network, MySpace.com, and some cash in a Yahoo takeover. The proposed deal would put three of the Web’s most popular sites - Yahoo, MySpace and Microsoft’s MSN - under the same umbrella.In another ironic twist, Google could benefit if Microsoft and News Corp. buy Yahoo because it already has a long-term contract to show ads on MySpace.Microsoft, Time Warner and News Corp. all declined to comment Thursday. A Yahoo representative didn’t respond to inquiries about the AOL deal. Google and Yahoo announced their advertising test Wednesday.Yahoo directors are expected to meet Friday to discuss the company’s options.Investors seemed to welcome the latest developments. Yahoo shares rose 82 cents to $28.59 while Microsoft shares gained 22 cents to close at $29.11. The stocks of Google and Time Warner also moved up, while News Corp.’s Class A shares dipped 5 cents to $18.89.The reported negotiations to bring together some of the world’s largest Web sites underscores the Internet’s maturation as a business sector. As consumers spend more time online, the smart money is following them - and now there’s a mad scramble to latch on to the prime properties in this promised land of future profit.”The most likely outcome here is that a few players will become more and more dominant on the Internet,” said James Owers, a Georgia State University professor specializing in media and corporate finance.The stakes are so high that News Corp. and AOL might decide to join forces if their latest negotiations with Microsoft and Yahoo don’t pan out, Citigroup analyst Jason Bazinet wrote in a Thursday note to investors.Google has emerged as the Internet’s most profitable company so far, primarily by showing relevant text-based ad links alongside the billions of search results that it churns out each month.Propelled by its success in search, Google built up a vast computer network that hosts a wide range of free services - many of which threaten to make Microsoft’s software less vital to consumers and businesses.Microsoft believes Yahoo’s franchise will give it more weapons to retaliate against Google and reverse the losses that have plagued its online division.But it’s looking less likely that Microsoft will be able to realize its goal of completing the Yahoo deal by the end of this year.If Yahoo continues to resist, Microsoft probably will have to take its bid directly to shareholders - an acrimonious process that is typically settled at the target company’s annual meeting. Yahoo doesn’t have to hold its annual meeting until July 12.And a deal done that late in the year isn’t likely to emerge from antitrust regulators’ purview until 2009, according to experts.Yahoo may be able to rally support from its shareholders by pointing to the possibility of a long-term partnership with Google, which some analysts believe could boost Yahoo’s cash flow by 25 percent to 35 percent.Google, too, could make more money from the alliance. But Lindsay doubts that’s the search leader’s main incentive for the tests.”Anything that Google can do to keep Yahoo from going to Microsoft is good for Google,” Lindsay said.If Yahoo turned over all its search-driven advertising to Google, it would face intense regulatory scrutiny that would be difficult to overcome, analysts predicted. Google controls 59 percent of the U.S. search market followed by Yahoo at 22 percent and Microsoft at 10 percent, according to comScore Media Metrix.For now, Yahoo is allowing Google to show advertising links alongside no more than 3 percent of its U.S. search results and only for two weeks.Microsoft already has signaled that it will strenuously object to antitrust regulators if Google sells search ads for Yahoo on a full-time basis. But a regulatory review might hurt Microsoft more than Google, Lindsay said, because it could mean waiting even longer to own Yahoo.If Microsoft is able to pull off the Yahoo takeover, melding the two organizations will be difficult, especially if the deal is hostile or includes a third party like News Corp.”The more complicated a deal gets, the more difficult it becomes to satisfy all parties,” Brown said. “And the more complicated the (post-deal) integration gets, the more it favors Google.”

AMD and its ATI Radeon HD 3400, ATI Radeon HD 3600 and ATI Radeon HD 3800 graphics products and the AMD 780G integrated graphics chipset has been delivered with the first full DisplayPort certification of PC graphics products by the Video Electronics Standards Association (VESA).

MD has been a driving force in the development of DisplayPort, said Bill Lempesis, Executive Director, VESA. he ATI Radeon HD 3000 series of graphics cards are the first source devices to achieve DisplayPort certification.The certified AMD products support Dell new DisplayPort offerings including the UltraSharp 3008WFP and 2408WFP Widescreen LCD Monitors. he ATI Radeon HD 3000 series represents the world first fully certified line of discrete and integrated graphics solutions, said Bruce Montag, Office of the CTO, Dell.

he VESA DisplayPort Certified Logo assures customers that DisplayPort products interoperate and provide a great digital display experience.According to AMD, this certification gives PC consumers next-generation display capabilities today. The company also added saying that, they will remain honored by being committed to deliver the ultimate visual experience to consumers with superb display technologies.

WASHINGTON It’s a Herculean task: revamping a financial regulatory system dating back to the Civil War to deal with 21st century crises imperiling the country.Under an ambitious Bush administration plan, the Federal Reserve would take on the unwieldy role of uber cop in charge of financial market stability. Other regulatory agencies could see their influence diminished.The proposal won’t fix the host of economic and financial problems that threatens to plunge the United States into a deep recession, but it might help guard against future troubles. It would take years and a lot of political wrangling - in Congress, on Wall Street, in statehouses and elsewhere - to implement all the changes envisioned.Yet, the initiative, formally announced Monday, casts a fresh spotlight on the best way to protect the country from financial catastrophes in an intricate web of complex, often-changing financial products and the wide array of financial players using them in the United States and beyond. That debate probably will take center stage in the next president’s administration.—Stocks gain on last day of quarterNEW YORK (AP) - Wall Street managed a moderate gain in the final session of a dismal first quarter Monday, but stock prices and the major indexes still ended the first three months of 2007 with massive losses, the casualties of the still continuing credit crisis. The Standard %26 Poor’s 500 index, the benchmark for many widely held investments such as mutual funds, suffered a loss for the quarter of nearly 10 percent.The blip upward came from a better than expected reading in the Chicago Purchasing Managers Index, which is considered a precursor to the Institute for Supply Management’s manufacturing survey on Tuesday. The index rose to 48.2 in March from 44.5 a month earlier; economists had been expecting a reading of 47.3, according to Dow Jones Newswires. Though the number topped forecasts, a figure below 50 nonetheless indicates a contraction in manufacturing activity.The market’s reaction, however, was likely not as enthusiastic as it might seem from Monday’s gains by the major indexes. Price movements tend to be skewed when volume is as light as it was Monday.It was a difficult quarter on Wall Street, with financial companies’ ongoing credit market losses and the flagging economy wiping out many investors’ appetite for stocks. While the market saw a number of up days during the quarter, the overall trend was sharply lower, with reports of asset write-downs and shaky financial companies pummeling the market - in particular, the near-collapse of Bear Stearns %26 Cos. in mid-March.—Pernod Ricard buys maker of AbsolutSTOCKHOLM, Sweden (AP) - Spirits group Pernod Ricard SA is adding Swedish flavor to a liquor cabinet stacked with Scotch whisky, French champagne and Cuban rum with its $8.34 billion purchase of the state-owned maker of Absolut vodka.The company said Monday it was delighted to add the premium vodka brand to its assortment of drinks, after the Swedish government accepted its bid for Absolut’s parent company, Vin %26 Sprit.The Swedish government celebrated the higher-than-expected price tag for Vin %26 Sprit, but investors were less exuberant, sending shares in France-based Pernod Ricard down 4.3 percent to $103.03 in Paris.Sweden said it selected the Pernod Ricard bid on Sunday over three other offers, by U.S.-based Fortune Brands Inc., Bermuda-based Bacardi Ltd. and an investment group controlled by Sweden’s Wallenberg family.—Less corn could mean higher food pricesWASHINGTON (AP) - From chicken nuggets to corn flakes, food prices at grocery stores and dinner tables could be headed even higher as farmers cut back on the land they’re planting in corn this spring.Corn prices already are high, and a drop in supply should keep them rising. Combine that with the huge demand for corn-based ethanol fuel - and higher energy costs for transporting food - and consumers are likely to see their food bills going up and up.Farmers are now expected to plant 86 million acres of corn this year, the Department of Agriculture predicted Monday, down 8 percent from last year, which was the highest since World War II.Corn is almost everywhere you look in the U.S. food supply. Poultry, beef and pork companies use it to feed their animals. High fructose corn syrup is used in soft drinks and many other foods, including lunch meats and salad dressings. Corn is often an ingredient in breads, peanut butter, oatmeal and potato chips.—Merck, Schering-Plough sink on VytorinNEW YORK (AP) - Shares of Merck %26 Co. and Schering-Plough Corp. fell to record lows Monday, as analysts warned new clinical data would cause sales of their blockbuster cholesterol drug Vytorin to fall further.The companies market Vytorin through a joint venture, but earlier this year, partial results from a clinical study showed that it was no more effective at limiting plaque buildup than Merck’s Zocor, a drug that is already available in generic form. Full results of that study were released Sunday.Vytorin is a combination of Zocor and Schering-Plough’s drug Zetia.Schering-Plough shares plunged as low as $14, touching their lowest levels since August 1996. Merck shares fell as low as $36.82, their lowest since June 2006.Leading physicians are now recommending the use of older drugs called statins before putting patients on Vytorin. Many physicians had prescribed Vytorin in lieu of higher doses of statins because of what some said was an undue fear of side effects.— HUD chief resigns amid criminal probeWASHINGTON (AP) - HUD Secretary Alphonso Jackson, his tenure tarnished by allegations of political favoritism and a criminal investigation, announced his resignation Monday amid the wreckage of the national housing crisis.He leaves behind a trail of unanswered questions about whether he tilted the Department of Housing and Urban Development toward Republican contractors and cronies.The move comes at a shaky time for the economy when soaring mortgage foreclosures imperil the nation’s credit markets.Some Congressional Democrats had pushed for Jackson to leave.House Speaker Nancy Pelosi, D-Calif., said HUD will be called on to work with Congress on assisting refinancing for borrowers faced with imminent foreclosure.—Oil prices slide, retail gas hits recordNEW YORK (AP) - Prices surged at the gas pump, hitting a new record Monday even as crude oil accelerated its slide amid a broad-based commodities sell-off.The average price for a gallon of regular unleaded rose to $3.287, according to AAA and the Oil Price Information Service. Prices were highest in Hawaii and California, where the average price topped $3.60 a gallon.Gasoline prices are expected to keep rising as the summer driving season brings with it greater demand for the fuel. Last year, prices peaked in May before backtracking; with gasoline already at a record it will like only continue its advance.If crude oil prices, which set records of their own during March continue their advance, that will also add to the cost of gasoline at the pump.On Monday, however, light, sweet crude for May delivery dropped $4.04 to settle at $101.58 a barrel on the New York Mercantile Exchange, adding to a decline of nearly $2 a barrel on Friday. Even so, prices finished the first three months of the year 5.8 percent higher than where they started; crude set a record of $111.80 in March before giving up ground.—Citi splits consumer banking, card unitsNEW YORK (AP) - Citigroup named a veteran retail banker Monday to head its North American consumer banking unit, splitting it off from its credit-card business as Citi struggles to become profitable again after suffering its biggest quarterly loss in its 196-year history.The latest move is the biggest sign yet that CEO Vikram Pandit, appointed in December, wants to fix Citi’s major parts rather than sell them off to raise cash - at least for now.It also shows what steps Pandit would take to attract more consumers to Citi’s retail banking unit.Citi’s worst problems are in its investment banking segment, which made huge losing bets on the mortgage industry. But its bread-and-butter business of lending to and collecting deposits from average people has also been underwhelming shareholders.Citi is ubiquitous throughout the United States, but in recent years has lost customers to rival banks such as JPMorgan Chase %26 Co. and Wachovia Corp.—Major indexes rise, commodities slip as quarter endsOn the last day of the quarter, the Dow Jones industrial average rose 46.49, or 0.38 percent, to 12,262.89.Broader stock indicators also rose. The S%26P 500 index advanced 7.48, or 0.57 percent, to 1,322.70, and the Nasdaq composite index rose 17.92, or 0.79 percent, to 2,279.10.Light, sweet crude for May delivery dropped $4.04 to settle at $101.58 a barrel on the New York Mercantile Exchange, adding to a decline of nearly $2 a barrel on Friday. Even so, prices finished the first three months of the year 5.8 percent higher than where they started; crude set a record of $111.80 in March before giving up ground.In other Nymex trading, heating oil futures fell 5.58 cents to settle at $3.0492 a gallon, while gasoline futures sank 10.07 cents to settle at $2.6163 a gallon. Brent crude futures fell $3.47 to settle at $100.30 a barrel on the ICE Futures exchange in London.

WASHINGTON What do former patients think about the care they received at your local hospitals? The government wants to make it easier for you to find out.Federal health officials in recent years have made strides to improve transparency in health care. But measuring how well hospitals do their job can be technical. New patient satisfaction scores, which went online Friday, cover basic premises that just about every hospital patient and their family members can understand.For example:-Did doctors treat patients with courtesy and respect?-How often were the room and bathroom cleaned?-Was the area around the room quiet?-Did the patient get immediate help after pressing a call button?Those questions were included in a survey used to evaluate more than 2,500 hospitals around the country.”You don’t have to be a technical expert to understand this information and its implications,” said Joyce Dubow, senior adviser at the AARP, the senior advocacy group. “If you ask somebody whether they were cared for with respect, they get that.”Health and Human Services Secretary Mike Leavitt said consumers - and the Medicare program - pay for care whether it’s good or not. Informing consumers about how well a hospital performs a particular task or how much it charges for a particular service will serve as incentives for health care providers to do better.”The current sector is all about volume,” Leavitt said. “The future is about value.”The government’s Web site, http://www.hospitalcompare.hhs.gov, lets consumers compare up to three hospitals. Users will be able to see the scores for such things as how often nurses communicated well with their patients; hospitals nationwide averaged 73 percent on that particular question. Consumers will also be able to see how well the average hospital in their state fared on each question.The data was collected by hospitals from a random sample of patients from October 2006 and June 2007. The government led development of the survey, which was administered 48 hours to six weeks after the patients were discharged.Federal officials said they recognize that patients needing emergency care won’t use the comparison Web site, nor should they. However, more than 60 percent of all patients go to a hospital for elective procedures.The site will also help hospitals focus improvements where patients feel it is most needed, said Rich Umbdenstock, president and CEO of the American Hospital Association.”Ultimately, this tool benefits everyone,” Umbdenstock said.Overall, federal officials said rural hospitals seemed to fare better than urban ones when it came several measures of patient satisfaction.”I think that has to do with rural hospitals being more of a fabric of the community,” said Herb Kuhn, acting deputy administrator at the Centers for Medicare and Medicaid Services.Officials acknowledge that few consumers compare quality information about insurance plans, hospitals and other providers to make decisions about their care. A recent Kaiser Family Foundation survey estimated that fewer than one in five patients did. However, that’s an increase from 12 percent in 2000.Leavitt acknowledged that the government’s efforts to evaluate the quality of health care are lacking. He likened the current situation to the earliest of video games, a table tennis game called Pong.”We’re not very good at this, but we’re making a lot of progress,” he said.

WASHINGTON It’s a Herculean task: revamping a financial regulatory system dating back to the Civil War to deal with 21st century crises imperiling the country.Under an ambitious Bush administration plan, the Federal Reserve would take on the unwieldy role of uber cop in charge of financial market stability. Other regulatory agencies could see their influence diminished.The proposal won’t fix the host of economic and financial problems that threatens to plunge the United States into a deep recession, but it might help guard against future troubles. It would take years and a lot of political wrangling - in Congress, on Wall Street, in statehouses and elsewhere - to implement all the changes envisioned.Yet, the initiative, formally announced Monday, casts a fresh spotlight on the best way to protect the country from financial catastrophes in an intricate web of complex, often-changing financial products and the wide array of financial players using them in the United States and beyond. That debate probably will take center stage in the next president’s administration.—Stocks gain on last day of quarterNEW YORK (AP) - Wall Street managed a moderate gain in the final session of a dismal first quarter Monday, but stock prices and the major indexes still ended the first three months of 2007 with massive losses, the casualties of the still continuing credit crisis. The Standard %26 Poor’s 500 index, the benchmark for many widely held investments such as mutual funds, suffered a loss for the quarter of nearly 10 percent.The blip upward came from a better than expected reading in the Chicago Purchasing Managers Index, which is considered a precursor to the Institute for Supply Management’s manufacturing survey on Tuesday. The index rose to 48.2 in March from 44.5 a month earlier; economists had been expecting a reading of 47.3, according to Dow Jones Newswires. Though the number topped forecasts, a figure below 50 nonetheless indicates a contraction in manufacturing activity.The market’s reaction, however, was likely not as enthusiastic as it might seem from Monday’s gains by the major indexes. Price movements tend to be skewed when volume is as light as it was Monday.It was a difficult quarter on Wall Street, with financial companies’ ongoing credit market losses and the flagging economy wiping out many investors’ appetite for stocks. While the market saw a number of up days during the quarter, the overall trend was sharply lower, with reports of asset write-downs and shaky financial companies pummeling the market - in particular, the near-collapse of Bear Stearns %26 Cos. in mid-March.—Pernod Ricard buys maker of AbsolutSTOCKHOLM, Sweden (AP) - Spirits group Pernod Ricard SA is adding Swedish flavor to a liquor cabinet stacked with Scotch whisky, French champagne and Cuban rum with its $8.34 billion purchase of the state-owned maker of Absolut vodka.The company said Monday it was delighted to add the premium vodka brand to its assortment of drinks, after the Swedish government accepted its bid for Absolut’s parent company, Vin %26 Sprit.The Swedish government celebrated the higher-than-expected price tag for Vin %26 Sprit, but investors were less exuberant, sending shares in France-based Pernod Ricard down 4.3 percent to $103.03 in Paris.Sweden said it selected the Pernod Ricard bid on Sunday over three other offers, by U.S.-based Fortune Brands Inc., Bermuda-based Bacardi Ltd. and an investment group controlled by Sweden’s Wallenberg family.—Less corn could mean higher food pricesWASHINGTON (AP) - From chicken nuggets to corn flakes, food prices at grocery stores and dinner tables could be headed even higher as farmers cut back on the land they’re planting in corn this spring.Corn prices already are high, and a drop in supply should keep them rising. Combine that with the huge demand for corn-based ethanol fuel - and higher energy costs for transporting food - and consumers are likely to see their food bills going up and up.Farmers are now expected to plant 86 million acres of corn this year, the Department of Agriculture predicted Monday, down 8 percent from last year, which was the highest since World War II.Corn is almost everywhere you look in the U.S. food supply. Poultry, beef and pork companies use it to feed their animals. High fructose corn syrup is used in soft drinks and many other foods, including lunch meats and salad dressings. Corn is often an ingredient in breads, peanut butter, oatmeal and potato chips.—Merck, Schering-Plough sink on VytorinNEW YORK (AP) - Shares of Merck %26 Co. and Schering-Plough Corp. fell to record lows Monday, as analysts warned new clinical data would cause sales of their blockbuster cholesterol drug Vytorin to fall further.The companies market Vytorin through a joint venture, but earlier this year, partial results from a clinical study showed that it was no more effective at limiting plaque buildup than Merck’s Zocor, a drug that is already available in generic form. Full results of that study were released Sunday.Vytorin is a combination of Zocor and Schering-Plough’s drug Zetia.Schering-Plough shares plunged as low as $14, touching their lowest levels since August 1996. Merck shares fell as low as $36.82, their lowest since June 2006.Leading physicians are now recommending the use of older drugs called statins before putting patients on Vytorin. Many physicians had prescribed Vytorin in lieu of higher doses of statins because of what some said was an undue fear of side effects.— HUD chief resigns amid criminal probeWASHINGTON (AP) - HUD Secretary Alphonso Jackson, his tenure tarnished by allegations of political favoritism and a criminal investigation, announced his resignation Monday amid the wreckage of the national housing crisis.He leaves behind a trail of unanswered questions about whether he tilted the Department of Housing and Urban Development toward Republican contractors and cronies.The move comes at a shaky time for the economy when soaring mortgage foreclosures imperil the nation’s credit markets.Some Congressional Democrats had pushed for Jackson to leave.House Speaker Nancy Pelosi, D-Calif., said HUD will be called on to work with Congress on assisting refinancing for borrowers faced with imminent foreclosure.—Oil prices slide, retail gas hits recordNEW YORK (AP) - Prices surged at the gas pump, hitting a new record Monday even as crude oil accelerated its slide amid a broad-based commodities sell-off.The average price for a gallon of regular unleaded rose to $3.287, according to AAA and the Oil Price Information Service. Prices were highest in Hawaii and California, where the average price topped $3.60 a gallon.Gasoline prices are expected to keep rising as the summer driving season brings with it greater demand for the fuel. Last year, prices peaked in May before backtracking; with gasoline already at a record it will like only continue its advance.If crude oil prices, which set records of their own during March continue their advance, that will also add to the cost of gasoline at the pump.On Monday, however, light, sweet crude for May delivery dropped $4.04 to settle at $101.58 a barrel on the New York Mercantile Exchange, adding to a decline of nearly $2 a barrel on Friday. Even so, prices finished the first three months of the year 5.8 percent higher than where they started; crude set a record of $111.80 in March before giving up ground.—Citi splits consumer banking, card unitsNEW YORK (AP) - Citigroup named a veteran retail banker Monday to head its North American consumer banking unit, splitting it off from its credit-card business as Citi struggles to become profitable again after suffering its biggest quarterly loss in its 196-year history.The latest move is the biggest sign yet that CEO Vikram Pandit, appointed in December, wants to fix Citi’s major parts rather than sell them off to raise cash - at least for now.It also shows what steps Pandit would take to attract more consumers to Citi’s retail banking unit.Citi’s worst problems are in its investment banking segment, which made huge losing bets on the mortgage industry. But its bread-and-butter business of lending to and collecting deposits from average people has also been underwhelming shareholders.Citi is ubiquitous throughout the United States, but in recent years has lost customers to rival banks such as JPMorgan Chase %26 Co. and Wachovia Corp.—Major indexes rise, commodities slip as quarter endsOn the last day of the quarter, the Dow Jones industrial average rose 46.49, or 0.38 percent, to 12,262.89.Broader stock indicators also rose. The S%26P 500 index advanced 7.48, or 0.57 percent, to 1,322.70, and the Nasdaq composite index rose 17.92, or 0.79 percent, to 2,279.10.Light, sweet crude for May delivery dropped $4.04 to settle at $101.58 a barrel on the New York Mercantile Exchange, adding to a decline of nearly $2 a barrel on Friday. Even so, prices finished the first three months of the year 5.8 percent higher than where they started; crude set a record of $111.80 in March before giving up ground.In other Nymex trading, heating oil futures fell 5.58 cents to settle at $3.0492 a gallon, while gasoline futures sank 10.07 cents to settle at $2.6163 a gallon. Brent crude futures fell $3.47 to settle at $100.30 a barrel on the ICE Futures exchange in London.

WASHINGTON What do former patients think about the care they received at your local hospitals? The government wants to make it easier for you to find out.Federal health officials in recent years have made strides to improve transparency in health care. But measuring how well hospitals do their job can be technical. New patient satisfaction scores, which went online Friday, cover basic premises that just about every hospital patient and their family members can understand.For example:-Did doctors treat patients with courtesy and respect?-How often were the room and bathroom cleaned?-Was the area around the room quiet?-Did the patient get immediate help after pressing a call button?Those questions were included in a survey used to evaluate more than 2,500 hospitals around the country.”You don’t have to be a technical expert to understand this information and its implications,” said Joyce Dubow, senior adviser at the AARP, the senior advocacy group. “If you ask somebody whether they were cared for with respect, they get that.”Health and Human Services Secretary Mike Leavitt said consumers - and the Medicare program - pay for care whether it’s good or not. Informing consumers about how well a hospital performs a particular task or how much it charges for a particular service will serve as incentives for health care providers to do better.”The current sector is all about volume,” Leavitt said. “The future is about value.”The government’s Web site, http://www.hospitalcompare.hhs.gov, lets consumers compare up to three hospitals. Users will be able to see the scores for such things as how often nurses communicated well with their patients; hospitals nationwide averaged 73 percent on that particular question. Consumers will also be able to see how well the average hospital in their state fared on each question.The data was collected by hospitals from a random sample of patients from October 2006 and June 2007. The government led development of the survey, which was administered 48 hours to six weeks after the patients were discharged.Federal officials said they recognize that patients needing emergency care won’t use the comparison Web site, nor should they. However, more than 60 percent of all patients go to a hospital for elective procedures.The site will also help hospitals focus improvements where patients feel it is most needed, said Rich Umbdenstock, president and CEO of the American Hospital Association.”Ultimately, this tool benefits everyone,” Umbdenstock said.Overall, federal officials said rural hospitals seemed to fare better than urban ones when it came several measures of patient satisfaction.”I think that has to do with rural hospitals being more of a fabric of the community,” said Herb Kuhn, acting deputy administrator at the Centers for Medicare and Medicaid Services.Officials acknowledge that few consumers compare quality information about insurance plans, hospitals and other providers to make decisions about their care. A recent Kaiser Family Foundation survey estimated that fewer than one in five patients did. However, that’s an increase from 12 percent in 2000.Leavitt acknowledged that the government’s efforts to evaluate the quality of health care are lacking. He likened the current situation to the earliest of video games, a table tennis game called Pong.”We’re not very good at this, but we’re making a lot of progress,” he said.

WASHINGTON It’s a Herculean task: revamping a financial regulatory system dating back to the Civil War to deal with 21st century crises imperiling the country.Under an ambitious Bush administration plan, the Federal Reserve would take on the unwieldy role of uber cop in charge of financial market stability. Other regulatory agencies could see their influence diminished.The proposal won’t fix the host of economic and financial problems that threatens to plunge the United States into a deep recession, but it might help guard against future troubles. It would take years and a lot of political wrangling - in Congress, on Wall Street, in statehouses and elsewhere - to implement all the changes envisioned.Yet, the initiative, formally announced Monday, casts a fresh spotlight on the best way to protect the country from financial catastrophes in an intricate web of complex, often-changing financial products and the wide array of financial players using them in the United States and beyond. That debate probably will take center stage in the next president’s administration.—Stocks gain on last day of quarterNEW YORK (AP) - Wall Street managed a moderate gain in the final session of a dismal first quarter Monday, but stock prices and the major indexes still ended the first three months of 2007 with massive losses, the casualties of the still continuing credit crisis. The Standard %26 Poor’s 500 index, the benchmark for many widely held investments such as mutual funds, suffered a loss for the quarter of nearly 10 percent.The blip upward came from a better than expected reading in the Chicago Purchasing Managers Index, which is considered a precursor to the Institute for Supply Management’s manufacturing survey on Tuesday. The index rose to 48.2 in March from 44.5 a month earlier; economists had been expecting a reading of 47.3, according to Dow Jones Newswires. Though the number topped forecasts, a figure below 50 nonetheless indicates a contraction in manufacturing activity.The market’s reaction, however, was likely not as enthusiastic as it might seem from Monday’s gains by the major indexes. Price movements tend to be skewed when volume is as light as it was Monday.It was a difficult quarter on Wall Street, with financial companies’ ongoing credit market losses and the flagging economy wiping out many investors’ appetite for stocks. While the market saw a number of up days during the quarter, the overall trend was sharply lower, with reports of asset write-downs and shaky financial companies pummeling the market - in particular, the near-collapse of Bear Stearns %26 Cos. in mid-March.—Pernod Ricard buys maker of AbsolutSTOCKHOLM, Sweden (AP) - Spirits group Pernod Ricard SA is adding Swedish flavor to a liquor cabinet stacked with Scotch whisky, French champagne and Cuban rum with its $8.34 billion purchase of the state-owned maker of Absolut vodka.The company said Monday it was delighted to add the premium vodka brand to its assortment of drinks, after the Swedish government accepted its bid for Absolut’s parent company, Vin %26 Sprit.The Swedish government celebrated the higher-than-expected price tag for Vin %26 Sprit, but investors were less exuberant, sending shares in France-based Pernod Ricard down 4.3 percent to $103.03 in Paris.Sweden said it selected the Pernod Ricard bid on Sunday over three other offers, by U.S.-based Fortune Brands Inc., Bermuda-based Bacardi Ltd. and an investment group controlled by Sweden’s Wallenberg family.—Less corn could mean higher food pricesWASHINGTON (AP) - From chicken nuggets to corn flakes, food prices at grocery stores and dinner tables could be headed even higher as farmers cut back on the land they’re planting in corn this spring.Corn prices already are high, and a drop in supply should keep them rising. Combine that with the huge demand for corn-based ethanol fuel - and higher energy costs for transporting food - and consumers are likely to see their food bills going up and up.Farmers are now expected to plant 86 million acres of corn this year, the Department of Agriculture predicted Monday, down 8 percent from last year, which was the highest since World War II.Corn is almost everywhere you look in the U.S. food supply. Poultry, beef and pork companies use it to feed their animals. High fructose corn syrup is used in soft drinks and many other foods, including lunch meats and salad dressings. Corn is often an ingredient in breads, peanut butter, oatmeal and potato chips.—Merck, Schering-Plough sink on VytorinNEW YORK (AP) - Shares of Merck %26 Co. and Schering-Plough Corp. fell to record lows Monday, as analysts warned new clinical data would cause sales of their blockbuster cholesterol drug Vytorin to fall further.The companies market Vytorin through a joint venture, but earlier this year, partial results from a clinical study showed that it was no more effective at limiting plaque buildup than Merck’s Zocor, a drug that is already available in generic form. Full results of that study were released Sunday.Vytorin is a combination of Zocor and Schering-Plough’s drug Zetia.Schering-Plough shares plunged as low as $14, touching their lowest levels since August 1996. Merck shares fell as low as $36.82, their lowest since June 2006.Leading physicians are now recommending the use of older drugs called statins before putting patients on Vytorin. Many physicians had prescribed Vytorin in lieu of higher doses of statins because of what some said was an undue fear of side effects.— HUD chief resigns amid criminal probeWASHINGTON (AP) - HUD Secretary Alphonso Jackson, his tenure tarnished by allegations of political favoritism and a criminal investigation, announced his resignation Monday amid the wreckage of the national housing crisis.He leaves behind a trail of unanswered questions about whether he tilted the Department of Housing and Urban Development toward Republican contractors and cronies.The move comes at a shaky time for the economy when soaring mortgage foreclosures imperil the nation’s credit markets.Some Congressional Democrats had pushed for Jackson to leave.House Speaker Nancy Pelosi, D-Calif., said HUD will be called on to work with Congress on assisting refinancing for borrowers faced with imminent foreclosure.—Oil prices slide, retail gas hits recordNEW YORK (AP) - Prices surged at the gas pump, hitting a new record Monday even as crude oil accelerated its slide amid a broad-based commodities sell-off.The average price for a gallon of regular unleaded rose to $3.287, according to AAA and the Oil Price Information Service. Prices were highest in Hawaii and California, where the average price topped $3.60 a gallon.Gasoline prices are expected to keep rising as the summer driving season brings with it greater demand for the fuel. Last year, prices peaked in May before backtracking; with gasoline already at a record it will like only continue its advance.If crude oil prices, which set records of their own during March continue their advance, that will also add to the cost of gasoline at the pump.On Monday, however, light, sweet crude for May delivery dropped $4.04 to settle at $101.58 a barrel on the New York Mercantile Exchange, adding to a decline of nearly $2 a barrel on Friday. Even so, prices finished the first three months of the year 5.8 percent higher than where they started; crude set a record of $111.80 in March before giving up ground.—Citi splits consumer banking, card unitsNEW YORK (AP) - Citigroup named a veteran retail banker Monday to head its North American consumer banking unit, splitting it off from its credit-card business as Citi struggles to become profitable again after suffering its biggest quarterly loss in its 196-year history.The latest move is the biggest sign yet that CEO Vikram Pandit, appointed in December, wants to fix Citi’s major parts rather than sell them off to raise cash - at least for now.It also shows what steps Pandit would take to attract more consumers to Citi’s retail banking unit.Citi’s worst problems are in its investment banking segment, which made huge losing bets on the mortgage industry. But its bread-and-butter business of lending to and collecting deposits from average people has also been underwhelming shareholders.Citi is ubiquitous throughout the United States, but in recent years has lost customers to rival banks such as JPMorgan Chase %26 Co. and Wachovia Corp.—Major indexes rise, commodities slip as quarter endsOn the last day of the quarter, the Dow Jones industrial average rose 46.49, or 0.38 percent, to 12,262.89.Broader stock indicators also rose. The S%26P 500 index advanced 7.48, or 0.57 percent, to 1,322.70, and the Nasdaq composite index rose 17.92, or 0.79 percent, to 2,279.10.Light, sweet crude for May delivery dropped $4.04 to settle at $101.58 a barrel on the New York Mercantile Exchange, adding to a decline of nearly $2 a barrel on Friday. Even so, prices finished the first three months of the year 5.8 percent higher than where they started; crude set a record of $111.80 in March before giving up ground.In other Nymex trading, heating oil futures fell 5.58 cents to settle at $3.0492 a gallon, while gasoline futures sank 10.07 cents to settle at $2.6163 a gallon. Brent crude futures fell $3.47 to settle at $100.30 a barrel on the ICE Futures exchange in London.

WASHINGTON What do former patients think about the care they received at your local hospitals? The government wants to make it easier for you to find out.Federal health officials in recent years have made strides to improve transparency in health care. But measuring how well hospitals do their job can be technical. New patient satisfaction scores, which went online Friday, cover basic premises that just about every hospital patient and their family members can understand.For example:-Did doctors treat patients with courtesy and respect?-How often were the room and bathroom cleaned?-Was the area around the room quiet?-Did the patient get immediate help after pressing a call button?Those questions were included in a survey used to evaluate more than 2,500 hospitals around the country.”You don’t have to be a technical expert to understand this information and its implications,” said Joyce Dubow, senior adviser at the AARP, the senior advocacy group. “If you ask somebody whether they were cared for with respect, they get that.”Health and Human Services Secretary Mike Leavitt said consumers - and the Medicare program - pay for care whether it’s good or not. Informing consumers about how well a hospital performs a particular task or how much it charges for a particular service will serve as incentives for health care providers to do better.”The current sector is all about volume,” Leavitt said. “The future is about value.”The government’s Web site, http://www.hospitalcompare.hhs.gov, lets consumers compare up to three hospitals. Users will be able to see the scores for such things as how often nurses communicated well with their patients; hospitals nationwide averaged 73 percent on that particular question. Consumers will also be able to see how well the average hospital in their state fared on each question.The data was collected by hospitals from a random sample of patients from October 2006 and June 2007. The government led development of the survey, which was administered 48 hours to six weeks after the patients were discharged.Federal officials said they recognize that patients needing emergency care won’t use the comparison Web site, nor should they. However, more than 60 percent of all patients go to a hospital for elective procedures.The site will also help hospitals focus improvements where patients feel it is most needed, said Rich Umbdenstock, president and CEO of the American Hospital Association.”Ultimately, this tool benefits everyone,” Umbdenstock said.Overall, federal officials said rural hospitals seemed to fare better than urban ones when it came several measures of patient satisfaction.”I think that has to do with rural hospitals being more of a fabric of the community,” said Herb Kuhn, acting deputy administrator at the Centers for Medicare and Medicaid Services.Officials acknowledge that few consumers compare quality information about insurance plans, hospitals and other providers to make decisions about their care. A recent Kaiser Family Foundation survey estimated that fewer than one in five patients did. However, that’s an increase from 12 percent in 2000.Leavitt acknowledged that the government’s efforts to evaluate the quality of health care are lacking. He likened the current situation to the earliest of video games, a table tennis game called Pong.”We’re not very good at this, but we’re making a lot of progress,” he said.

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