IN: WASHINGTON -- Despite record oil prices and strong projected demand from China and the United States, major oil firms are skimping on their exploration budgets and pocketing big profits while waiting out the storm of high prices, oil analysts say.

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OUT: Business


IN: Skype launched a version of its Internet telephony package for Mac owners on Tuesday, as it battles a growing number of competitors offering VoIP products.

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OUT: Science/Tech


IN: BEIJING (AFP) - Investigators in China are searching for clues as to the cause of a plane crash that killed 54 people, but after more than 24 hours of efforts they have still not located the crucial black box.

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OUT: World


IN: PeopleSoft's partnership with I.B.M. is an attempt to show that it is moving forward aggressively despite the turmoil created by Oracle's hostile takeover bid.

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OUT:
Science/Tech