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By TIMES WIRES
Published October 7, 2006

HP ex-chairwoman leaves Barclays post

Former Hewlett-Packard Co. chairwoman Patricia Dunn, charged with felonies for her role in the HP spying scandal and battling ovarian cancer, has stepped down from her position as non-executive vice chairwoman of Barclays Global Investors, the company said Friday. Dunn took up the position after resigning as global chief executive in 2002 to fight cancer, the company said in a statement.

Google talking buy of YouTube, says report

Internet search leader Google Inc. is in talks to acquire the popular online video site YouTube Inc. for about $1.6-billion, the Wall Street Journal reported Friday, citing a person familiar with the matter. Google and YouTube are still at a sensitive stage in the discussion, the newspaper reported on its Web site. The acquisition would also immediately propel Google to the top of the online video heap, an area where it is lagging.

Federal budget deficit estimate shrinks

The federal budget deficit estimate for the fiscal year just completed has dropped to $250-billion, congressional estimators said Friday. The Congressional Budget Office's latest estimate is $10-billion below CBO predictions issued in August. The improving deficit picture has been driven by better-than-expected tax receipts, especially from corporate profits, CBO said.

Austrian billionaire Karl Flick dead at 79

Billionaire industrialist Friedrich Karl Flick, whose father was convicted at Nuremburg of using slave labor in Nazi Germany, has died at the age of 79 in Austria, according to news reports Friday. An Austrian magazine recently named Flick the richest man in Austria, with a fortune of $8.6-billion, the APA agency reported.

Hitachi plans recall of laptop batteries

Japan's Hitachi Ltd. said Friday that it plans to recall about 16,000 laptop battery packs made by Sony Corp., a company spokesman said, the latest in a massive global recall of the batteries that can overheat and catch fire. The battery packs were installed in the company's Flora 210W and Flora Se210 laptop personal computers for the Japanese market.

Executive in Enron case given probation

Former Enron executive Paula Rieker was sentenced Friday to two years probation instead of the decade she faced in prison. Prosecutors sought leniency for the former No. 2 executive in the investor relations department because of her help in the investigation.

[Last modified October 6, 2006, 23:39:54]