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So Where Does the Horse Racing Industry Go From Here? (New York Times) - Unless the thoroughbred industry stops demoralizing TV audiences with tragic endings, it will continue to make public enemies and slide further into oblivion.

U.S. steps up mortgage industry probe (UPI) - WASHINGTON, May 4 (UPI) -- Federal investigators are stepping up their probe of U.S. mortgage industry practices, The New York Times reported Sunday.

Chip-Equipment Sales to Fall 15% This Year, Industry Group Says (Bloomberg.com) - May 5 (Bloomberg) -- Global spending on chip equipment may fall 15 percent this year, extending an industry contraction, the San Jose, California-based Semiconductor Equipment and Materials International said in a briefing in Singapore today.

SOFTWARE NOTEBOOK / Apple takes a bite of tech industry cash (San Francisco Chronicle) - The biggest cash pile in the technology industry historically has belonged to Microsoft Corp., but now it has some company, and it's a familiar name: Apple Inc. Microsoft has reduced its cash balance to $26.3 billion through large stock buybacks, dividends...

New Report Examines Strategies, Trends and Opportunities in the Thriving Asian Animation Industry (Business Wire via Yahoo!7 Finance) - Research and Markets (http://www.researchandmarkets.com/reports/c90787) has announced the addition of Asian Animation Industry: Strategies, Trends and Opportunities 2008 to their offering.

RPT-Tata Steel eyes Indonesia's Krakatau-industry official (Reuters via Yahoo! Malaysia News) - JAKARTA, May 4 - India's Tata Steel wants to buy a stake in PT Krakatau Steel, Indonesia's state steel firm, and will meet for talks with Indonesia's industry minister in the next few days, a ministry official said on Sunday.

India's Tata Steel eyes Indonesia's Krakatau -industry offic (Reuters Finance News, Australia via Yahoo!7 Finance) - JAKARTA, May 4 (Reuters) - India's Tata Steel TISC.BO wants to buy a stake in PT Krakatau Steel, Indonesia's state steel firm, and will meet for talks with Indonesia's industry minister in the next few days, a ministry official said on Sunday.

Bettor days ahead for Thoroughbred racetracks? Horse-racing industry faces long odds trying to attract new fans, grow ... (BizJournals) - The Kentucky Derby is expected to draw more than 150,000 spectators this Saturday, but the big Churchill Downs crowd won't show the real troubles facing the horse racing industry.

Interest rates hurting services industry (AAP via Yahoo!7 News) - High interest rates and the soaring cost of fuel caused the Australian services industry to contract in April, a survey says.

Record Industry Follows Familiar Pattern (The Tampa Tribune) - If the MP3 was a shot across the music industry's bow, Radiohead's "In Rainbows" may have been the torpedo that sank the ship.

 
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