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<channel><title>WRALLocalTechWire.com - Latest News</title><link>http://www.localtechwire.com/business/local_tech_wire/news/</link><description>WRALLocalTechWire.com - Latest News</description><copyright>Copyright 2008 by WRAL.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</copyright><pubDate>Fri, 09 May 2008 17:20:13 -0400</pubDate><lastBuildDate>Fri, 09 May 2008 17:20:13 -0400</lastBuildDate><ttl>60</ttl><item><title>Gates: Microsoft to go its own way</title><link>http://www.localtechwire.com/news/technology/story/2861631/</link><description>&lt;img src="http://wwwcache.wral.com/asset/news/technology/2008/05/09/2857077/1fddcc32-fec0-4cc9-8543-15218a4aa836_Indonesia_Myanmar_Gates.sff-100x65.jpg" alt="Indonesia_Myanmar_Gates" /&gt;Microsoft Corp. will focus on growing its own advertising and Internet search business after it withdrew its takeover offer for Yahoo Inc., Chairman Bill Gates said Friday.</description><pubDate>Fri, 09 May 2008 15:58:20 -0400</pubDate><category>News</category><guid isPermaLink="true">http://www.localtechwire.com/news/technology/story/2861631/</guid></item><item><title>Advocacy groups take aim at Google-Yahoo partnership</title><link>http://www.localtechwire.com/news/technology/story/2861483/</link><description>An online advertising partnership between Yahoo Inc. and Google Inc. is facing opposition from consumer and civic groups that didn't wait for an official deal announcement to voice their discontent.</description><pubDate>Fri, 09 May 2008 17:20:13 -0400</pubDate><category>News</category><guid isPermaLink="true">http://www.localtechwire.com/news/technology/story/2861483/</guid></item><item><title>Pappas Ventures seeking $200M for new fund, report says</title><link>http://www.localtechwire.com/business/local_tech_wire/venture/story/2859487/</link><description>&lt;img src="http://wwwcache.wral.com/asset/business/local_tech_wire/venture/2008/05/09/2859489/pappas_logo-109x94.jpg" alt="Pappas Ventures" /&gt;Pappas Ventures, a Triangle-based venture fund focused on life-sciences investments, is raising a fourth fund of up to $200 million, according to VentureWire.</description><pubDate>Fri, 09 May 2008 12:46:31 -0400</pubDate><category></category><guid isPermaLink="true">http://www.localtechwire.com/business/local_tech_wire/venture/story/2859487/</guid></item><item><title>Triangle tech community loses advocate, entrepreneur, investor in Paul Rasmussen</title><link>http://www.localtechwire.com/business/local_tech_wire/venture/story/2853154/</link><description>&lt;img src="http://wwwcache.wral.com/asset/business/local_tech_wire/venture/2008/05/08/2853162/Paul_Rasmussen-50x75.jpg" alt="Paul Rasmussen" /&gt;Memorial service is set for Friday afternoon at First Flight Center in RTP. Rasmussen ran, invested in, and mentored many high-tech firms in region for 15 years.</description><pubDate>Fri, 09 May 2008 12:44:30 -0400</pubDate><category></category><guid isPermaLink="true">http://www.localtechwire.com/business/local_tech_wire/venture/story/2853154/</guid></item><item><title>Investors dial back in to R.H. Donnelley stock, sending shares up 28%</title><link>http://www.localtechwire.com/business/local_tech_wire/news/story/2853722/</link><description>&lt;img src="http://wwwcache.wral.com/asset/business/local_tech_wire/news/2008/05/08/2853728/2853728-1210270560-100x75.jpg" alt="RHD" /&gt;Cary-based yellow pages, search firm reports huge loss, but Wall Street is buying.

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