Both errors call for the same thing which is to update from Microsoft. Here is the link to the correct article. This will usually fix the error without having to hunt down the exact cause.
http://www.mtu.com/kb/index.php?acti...f7fecd3b4cb0bf
Did you restart your computer after finishing all the updates?
I couldn't find anything on Microsoft's website, but in a search of the internet I found that this error actual has to do with Common settings in the registry. I found two articles that offer different solutions.
http://consumer.installshield.com/kb.asp?id=Q108167 deals with editing the registry so be careful that you follow the instructions.
http://articles.techrepublic.com.com...1-5252325.html takes a different approach but should probably work as well.