One place where "if you build it, they will come" doesn't always apply is in military hardware. After constructing two Zumwalt class DD(X) stealth destroyers at $2.6 billion apiece, the Navy has scrapped its plan to build up the rest of its intended 313-ship fleet—turns out, the demand for a ship whose primary mission is to obliterate large land targets with guided artillery and Tomahawk missile
The size of Pakistan’s Information Technology & IT-enabled Services industry stands at two billion dollar annually with a 50 per cent growth rate. IT Exports stand at one billion dollar according to a Research Study commissioned by Pakistan Software Houses Association (PASHA)
This was stated by Jehan Ara, President PASHA, while talking to the Media during [...]
Washington Mutual Inc., the largest in the United States savings and credit, has a $ 3.3 billion in the second quarter, a loss on bad loans as a record number of borrowers unable to make the development of mortgage payments.
The loss of $ 6.58 a share, compared to a net profit of $ 830 million, [...]
According to the management board of Nghi Son economic zone in north central Thanh Hoa province, 6 new projects have been put into operation and 10 other projects are under construction, while 13 projects with a total capacity of nearly US$10.3 billion are expected to get investment licenses soon.
Most of the projects focus on the fields of oil, steel, thermal power, cement, shipbuilding,
Microsoft today announced revenue of $15.84 billion for the fiscal fourth quarter ended June 30, 2008, an 18% increase over the same period of the prior year. Operating income and diluted earnings per share for the quarter were $5.68 billion and $0.46, representing growth of 42% and 48%, respectively, over the same period of the prior year.
- Operating and related actions to generate approximately $10 billion in cash improvements
- More than 20 percent reduction in salaried employment cash costs
- Dividend on common stock suspended
- Asset sales and capital market activities to raise $4-7 billion of additional liquidity Read more...
Karma is finally catching up to Phil Gramm, John McCain's chief economic adviser. The Swiss bank Phil Gramm works for, UBS, is under hot water after it was revealed today that they allegedly helped hide up to $20 billion belonging to their richest American clients in European and off-shore banks to avoid paying taxes to the IRS.The news has many in Washington up in arms, and a senate committee has
In an attempt to save Fannie Mae (FNM) and Freddie Mac (FRE) from becoming insolvent, the US Treasury is reviewing a plan to put $15 billion in new capital...
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There were so many zeros related to this case that my eye balls fell out while reading it. The Times features the collapse of a long case related to conspiracy to defraud the NHS. The ability of the Serious Fraud Office was under scrutiny."The SFO investigation, Operation Holbein, ran for eight years and was based on charges of conspiracy to defraud the NHS of an alleged £2 billion by fixing the
Wynn Resorts Ltd is considering a Hong Kong share sale. The purpose is to raise as much as $3 billion to help fund the Wynn Cotai project in Macau. UBS, Morgan Stanley and Deutsche Bank have been hired to handle the transaction, according to the South China Morning Post.Wynn Resorts will be the second Macau casino company to rise funds in Hong Kong this year if the company successfully list on the
Zaya to build Dh3b Abu Dhabi project
GulfNews - Dubai,United Arab Emirates
Real estate company Zaya has launched a Dh3 billion island project called Nurai comprising 31 beachfront estates and 50 water villas located four kilometres from the Saadiyat Island, ... Zaal said the Nurai project will have a construction cycle of two to two-and-a half years. The island can either be reached by a
Consultants named for $60bn Al ZorahTrade Arabia - Manama,Bahrain Following the Al Zorah's master plan produced and managed by Solidere International and the concept design stage completed by Dar Al-Handasah and COWI, ...
BANGALORE: The game is fast changing for the Indian business process outsourcing (BPO) industry as for several players, entry into the billion-dollar club may be round the corner.
Given the inorganic opportunities, maturity of outsourcing and an appetite to grow scale rapidly, many BPO players may breach the psychological barrier much faster than IT services companies.
Large players manage to crea
USA Today reported on Monday that drivers have cut back their time on the road by 30 billion miles.That’s no small beans, particularly in a country as car-obsessed as the United States. It’s the biggest dip in American mileage since the Iranian Revolution prompted gas shortages in 1979-1980.Curiously, driving in the West has dropped off more than in any other region of the country. Declines ar
The Swiss Federal Banking Commission (SFBC) wants UBS and Credit Suisse to raise an additional $68.3 billion in capital (70 billion Swiss francs - 40 for UBS, and 30 for Credit Suisse) to avoid problems due to the banks' subprime exposure, expected write-downs and losses. AFP reports a quote from a Swiss parliamentarian Hans Kaufmann in the Swiss newspaper Sontagg to this effect, and a
An affidavit filed in federal court in Brooklyn suggests that officials with the Schiavone Construction Company, a contracting giant working on some of the largest public works projects in New York...
Continue reading at The Chicago Syndicate
In late June, the Federal Reserve completed its financing of the Bear Stearns bailout arrangement, contributing $28.8 billion to the newly created Maiden Lane LLC, a Delaware limited liability company. JP Morgan, for its part, put up $1.15 billion. The Bear Stearns assets being financed were valued at about $30 billion in March, consisting mainly of mortgage backed securities and related assets.
Reliance Infrastructure Plans $7 Billion of Investments in India and Abroad, an
Industrial Info News Alert
BANGALORE, INDIA, Jul 03, 2008 (MARKET WIRE via COMTEX) — Researched by
Industrial Info Resources (Sugar Land, Texas) — Reliance Infrastructure Limited
(BOM:500390) (Mumbai) will make investments of around $7 billion over the next
three years toward expansion of its domestic engin
Merrill Lynch issued a warning Wednesday morning that General Motors is in desperate need for cash and if conditions worsen the company may face bankruptcy. As oil prices continue to climb and economic conditions worsen, General Motors is facing a tough time staying a float. It's stock price is now the lowest it has been in 36 years.
Mumbai, (IANS) Bollywood star Abhishek Bachchan, who is the brand ambassador of Idea cellular, appreciates the socially conscious messages that the company sends across through its new ad campaign.”Idea’s new campaign addresses a relevant social issue - education for all. The spread of education among girl children is a must in today’s times. I am pleased to be playing a part in this
The world now has one billion personal computers, according to Gartner research. It's expected to take less than 6 years for the second billion, as a 12 percent annual increase will double the number of PCs worldwide by 2014, with most growth coming from developing markets.
The U.S., Europe and Japan own 58% of today's PCs. [...]
By William Hutchings and David Walker
Of FINANCIAL NEWS
Lehman Brothers and U.S. credit manager Aladdin Capital are each raising $3
billion funds to back small hedge fund managers in the hope of capitalizing on
the worst dislocation in the industry for a decade.
Lehman Brothers aims to raise $3 billion to $5 [...]
Gilbert Wandera — Reports From Kenya
One US dollar exchanges at 6.2 billion Zimbabwean dollars — What a ‘Mugabean’ mess!
PICTURE: A child with wads of notes in Harare — 200,000 Zimbabwean dollars exchange at 1US cent.
Zimbabwe continues making headlines for all the wrong reasons.
The Southern African country’s future is in oblivion, following political turmoil t
By 2012, 1.8 billion people will be using the internet, according to JupiterResearch. That will be a 44% increase from 2007. China, India, Russia and Brazil will see the highest growth rates. China will overtake the U.S. in internet use by 2011. "Even though the emerging economies will have lower online penetration rates compared to the developed countries, JupiterResearch believes that th
Apparently Chicago-based firm LimitNone is suing Google for misappropriating the trade secrets of its "gMove" application that Google allegedly used to develop its Email Uploader. The two-count lawsuit also claims Google violated Illinois' consumer fraud laws. The lawsuit was filed Tuesday by Kelley Drye & Warren LLP - "the same commercial litigation group which challenged G
Goldman Sachs researchers have decided that Citigroup (C) could lose another $9 billion in the second quarter. The big money center bank does not have that...
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SJM Holdings - owned by Stanley Ho is planning to spend MOP$21 billion developing casino projects in Macau over the next four years, including the redevelopment of the Lisboa Hotel Complex and the starting of a number of new casino projects.SJM is bringing MOP$12 billion investment to redevelop the original Lisboa hotel site, with construction expected to take place from next year to 2012. L'Hermi
Catch Marc Ecko dishing about how he created a billion dollar business that began from a few t-shirts created in his college apartment. Here's the interview with Donny Deutsch that aired on CNBC last night: video clip.
Foreign investors were net buyers of VND7.9 billion ($480, 243) of Vietnamese stocks Monday out of a total of VND237 billion traded, the Ho Chi Minh City Stock Exchange said.
Volume traded totaled 9.8 million shares, with foreigners accounting for 7.8% of the total, according to the stock market operator. (Dow Jones)
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Macau tycoon Stanley Ho's casino flagship Sociedade de Jogos de Macau (SJM) is going to raise about 5.1 billion HK dollar in the Hong Kong initial public offering. The company will offer 1.25 billion shares at a price between $3.08 to $4.08 HK dollar each. Deutsche Bank had estimated the net asset value of STDM at between 15 billion to 19 billion dollar. Subscription will go on offer from June 26
A £ 4billion master plan to save Battersea Power Station before it collapses was released today.The project includes a 1000ft-high glass tower - higher than Canary Wharf - next to the brick instantly recognizable landmark.There will be more than 3000 houses, shopping malls, a boutique hotel and a "green" office quarter.Plans also call for a new drive off the Northern Line to link the power statio
With the possibility of spending perhaps $500 million just in the final two months of the campaign. The comparison with the consistently cash-strapped McCain campaign could hardly be more stark. Though Obama risks a short-term political backlash by going back on his word, Dem and Repub strategists say most campaigns would take the hit for the financial advantage. Long term, what is more important
6.7 Billion In The World Today6 Billion In 1999The world's population will reach 7 billion in 2012, even as the global community struggles to satisfy its appetite for natural resources, according to a new government projection. There are 6.7 billion people in the world today. The United States ranks third, with 304 million, behind China and India, according to projections released Thursday by the
The path to world domination is paved in round numbers, especially big ones like this: 5 billion.The face of the iTunes store.(Credit: Apple)That's the number of songs that have been purchased and downloaded from the iTunes Store, Apple said Thursday. (Actually, for the record, the press release says "over 5 billion.")That shouldn't be surprising, of course. Apple's iTunes store has long overshad
ISLAMABAD: A Committee headed by Federal Law Minister Farooq H. Naek has resolved the Uch gas dispute between Balochistan government and Oil Gas Development Corporation Ltd (OGDCL).On the directive of Prime Minister Syed Yousuf Raza Gilani, Balochistan will be paid a sum of Rs3 billion in royalty. The amount will be in addition to [...]
Reports circulating on the Internet tell of an oil field spanning parts of western North Dakota and eastern Montana where 400 billion barrels of oil supposedly are just waiting to be tapped. However, the U.S. Geological Survey (USGS) tells Cybercast News Service that those huge estimates are “a myth.”
A USGS report issued in April estimates [...]
Iran has withdrawn around $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over Tehran's disputed nuclear ambitions, an Iranian weekly said. Western powers are warning the Islamic Republic of more punitive measures if it rejects an incentives offer and presses on with sensitive nuclear work, but the world's fourth-largest oil exporter is showing
Hip-Hop mogul Damon Dash and his wife Rachel Roy have formed a $4 billion dollar joint venture with Jones Apparel Group Inc. to develop, market and license the New York-based fashion brand named after his wife. Here’s the scoop:
Under the terms of the agreement, Jones owns 50% of the joint venture interest. The remaining interest [...]
SAN FRANCISCO (AP) — Four venture capital firms are betting Internet startup LinkedIn Corp. is worth billion, highlighting the lofty hopes riding on online services that connect people with their friends, family and business associates….
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Indonesia sold an additional $2.2 billion worth of debt for existing issues maturing in 2014, 2018, and 2038 on Tuesday, a total nearly 50 percent more than originally expected, a market source told Reuters. The government sold $300 million worth of debt maturing in 2014 with a yield of 6.694 percent, or 302.7 basis points over corresponding U.S. Treasuries. An additional $900 millio
comScore reports that eleven billion videos were watched in the US in April. Of those 4.2 billion were watched on Google (GOOG) sites, which mean YouTube. No...
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Saudi Arabia, the world’s leading oil producer, is planning to invest $80 billion to increase its oil output to 12.5 million barrels per day (bpd) and expand its refining capacity by 43 per cent to six million bpd within the next few years.
According to a report, the Federation of GCC Chambers of Commerce and Industry [...]
Speaking at the launch of his Unforgettable Tour that will see the likes of Preity Zinta, Ritiesh Deshmukh, Shilpa Shetty, Akshay Kumar, Madhuri Dixit and of course the Bachchan bachchas Abhishek and Aishwarya take centre stage, Amitabh Bachchan said that he is all set to rock with his fans all over the world.“Sounding a little immodest I will say that I am the culprit behind this whole idea.I t
Speaking at the launch of his Unforgettable Tour that will see the likes of Preity Zinta, Ritiesh Deshmukh, Shilpa Shetty, Akshay Kumar, Madhuri Dixit and of course the Bachchan bachchas Abhishek and Aishwarya take centre stage, Amitabh Bachchan said that he is all set to rock with his fans all over the world.“Sounding a little [...]
A Taiwanese-Vietnamese joint venture Monday received a 50-year license to build a 15.9-hectare software park in the Thu Thiem New Urban Area.
The $1.2-billion Thu Thiem Software Park will be developed by local company SaigonTel and TA Associates Viet Nam, which was established by three Taiwanese firms – Teco Electrical and Machinery Co., Shining Group and Industrial Bank of Taiwan.
It is the
The government again is giving out funds or money. This time it is for the engine conversion of public vehicles like jeepneys and taxis. A 1 billion peso fund will be given out for the drivers to convert their engines to bio diesel, LPG or natural gas compatible.
photo taken from jeephorizons
This new plan by the [...]
Alcatel-Lucent (NYSE: ALU) announced after the close that it has signed a $1 Billion (one billion dollars) framework agreement for 2008 with China Mobile where...
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In a letter to employees on Friday, a Microsoft executive said the company had offered to buy Yahoo's search assets for $1 billion and invest $8 billion in the remaining company, before talks between the two ended. Microsoft's offer, which would have included a long-term search partnership, would have increased Yahoo's operating income by more than $1 billion above the search provider's current
QUETTA: NWFP government Monday presented Rs170.55 billion budget for 2008-09.Total resources of the province are estimated at Rs170.90 billion, thus, showing a surplus of Rs350 million.
. via
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If you needed any more evidence that the loss party on Wall Street isn’t anywhere near an end, just look at the whopping $2.8 billion loss posted by Lehman. This is the first loss ever posted by the Wall Street investment giant:
“(Businessweek) Lehman Brothers Chief Executive Richard Fuld on Monday took the blame for the [...]
Although the macro economy is temporily facing difficulties, foreign investors are still flockeing to Viet Nam. The country expectes to attract 23 billion USD of foreign direct investment (FDI) in the first six months this year.
2007 was seen as a successful year for FDI attraction with 20.3 billion USD, but that number has been left far behind and Viet Nam is now striving to disburse FDI
NEW YORK (MarketWatch) — Lehman Bros. Holdings Inc. said Monday that its gross
assets fell by $147 billion in its fiscal 2008 second quarter. That’s a bit
higher than the amount the firm said the figure was last week when it
preannounced results for the period and said it cut about $130 billion in assets.
It said its gross [...]
The thrilling conclusion to Futurama: Benders Big Score.Bender and the planet express crew must contend with a massive cosmic team that sends the world into panic.System Requirements:Running Time: 90 minutesFormat: DVD MOVIE Genre: ANIMATION/CARTOON NETWORK Rating: NR UPC: 024543520931 Manufacturer No: 2252093 View more details
Advertisers Suspect Prices Will Increase
NEW YORK Somehow Google seems to have come out on top again, landing a search deal with Yahoo that by some estimates could boost its revenue by $1 billion — and may leave some advertisers footing larger sums for their keyword buys.
The near-universal prediction from search-engine marketers is the largest [...]
Warid Telecom Pakistan plans $5 billion investment to improve its services in the country. The tele-density in Pakistan is said to be more than 50 percent but it is actually around 40 percent, Warid Telecom International Group Chief Technical Officer Marwan Zawaydeh said in an interview. According to Private TV channel he said tele-density [...]
PT Krakatau Steel, in talks with Accelor Mittal and Tata Steel Ltd., is seeking $3 billion from a partnership to build a second plant to meet rising domestic demand for the alloy, a government agency said.Krakatau, owned by the Indonesian government, plans to form a joint venture to build a 2.5 million metric ton-capacity steel plant next to its existing facility, Muhammad Lutfi, head of the Indon
La nueva película de Futurama, "The beast with a billion backs" (La bestia con mil millones de espaldas) ya está disponible para descargar en bittorrent, emule y otras redes. Y en esta ocasión está en la red 15 días antes de que se estrene en EEUU!
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TV, Cine, Teatro, DVD
The Washington Post has an excellent three part series that will be highlighting the epic in progress housing bubble. For those of you who are still uncertain how this entire jigsaw puzzle comes together, this resource will prove to be invaluable. You have to wonder how the entire economy has become so [...]
I have more and more normal moments each day; moments where I am just doing what I am doing without that burning feeling in my chest, or the slightly nauseous wrenching that means I am fully aware that I am displaced. I would describe these feelings as a little bit like what a baby goes [...]
The next stage of the mortgage debacle is only starting to rear its ugly head and all early signs tell us that this is going to be even worse than the subprime mortgage collapse. We need to remember that the subprime mortgage debacle was only one facet of a global debt boom that has [...]Related Posts:■When will my home cost me an ARM and a leg?■The Genesis of the Credit Bubble: Advertising,
In a move aimed at stopping Yahoo from partnering up with Google, Microsoft has offered Yahoo $8 billion or $35 per share to acquire its search unit. Microsoft is deeply worried about Yahoo partnering with Google as the move would allow the two companies to control more then 90 percent of the market.
Roadrunner was always expected to be fast out of the blocks. And after a test run one night in the city of Poughkeepsie, New York, its creators are far from disappointed.
Built from microchips originally destined for games consoles, Roadrunner is the world’s latest supercomputer. Yesterday it was officially crowned the fastest computer around, having [...]
Acá les dejo la segunda de las 4 peliculas que piensan editar de la serie animada Futurama.
The Beast with a Billion Backs (La bestia con mil millones de espaldas) comienza con la apertura de una enorme grieta en el espacio-tiempo que permite a un monstruo alienígena del tamaño de un planeta llegar hasta la Tierra. [...]
La segunda película de Futurama (de las cuatro previstas) comienza con la apertura de una enorme grieta en el espacio-tiempo que permite a un monstruo alienígena del tamaño de un planeta llegar hasta la Tierra. El bichejo posee a Fry convirtiéndolo en el Papa de una nueva religión y muchas aventuras más y gracias a "eduardo1991" encontras la versión 310MB en Rmvb. porque en Darkville siempr
Roadrunner was always expected to be fast out of the blocks. And after a test run one night in the city of Poughkeepsie, New York, its creators are far from disappointed. Built from microchips originally destined for games consoles, Roadrunner is the world's latest supercomputer. Yesterday it was officially crowned the fastest computer around, having performed a record million billion
Tonight's Euro Millions jackpot is large since it has rolled over from last week, so there will be a flood of last minute ticket sales before tonight's draw. Billionairio.com, a raffle-style numbers game, is challenging state monopolies on lotteries around the world by offering better odds and bigger prizes than the UK National Lottery, Euro Millions and Powerball.Odds of winning the Euro Millions
The Swedish government is TeliaSonera’s largest shareholder and they have turned down France Telecom’s bid for the mobile operator of 252.5 billion SKR, which is about $42 billion cash and share option which currently sits at 26% higher than a valuation in mid-April.
Apparently TeliaSonera rejected the offer immediately saying it “substantially undervalues” their business. TeliaSon
Dubai, Jun 12 (PTI) Bollywood’s biggest entertainment house, Yash Raj Films, will in the near future launch a multi-billion-dollar theme park in the United Arab Emirates in association with a...
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Maine Owl spots a new BBC report about the astronomical toll of waste, fraud and abuse in Iraq war contracting.Back in 2003, Sen. Collins ignored pleas from many--including Sen. Joe Lieberman (I-CT)--to investigate war contracting. And while the true cost of her inaction is hard to quantify, the BBC number gives us somewhere to start.Memo to the Maine press: Keeping your head down to protect your
The Planet Express crew must work to fix rips between their universe and another inhabited by a planet-sized, tentacle alien which soon takes over the Earth and uses it's ability to control Fry to command an entire religion which takes over and convinces the inhabitants of Earth to abandon the Earth to live in a pseudo-heaven, leaving the robots of the world to inherit the planet. ://rapidshare.co
Remember how Badawi made 2 billion in 2 seconds by cutting minister’s and their deputies’ entertainment allowances by 10 %?
That means that entertainment allowances ONLY cost Malaysia 20 billion.
And how many minister and deputies are we talking about?
72
Or less as I counted some ministers twice at the latest list of ministers and deputies after [...]
SINOPSIS : Continuando directamente los acontecimientos de Bender’s Big Score, la segunda película de Futurama (de las cuatro previstas) comienza con la apertura de una enorme grieta en el espacio-tiempo que permite a un monstruo alienígena del tamaño de un planeta llegar hasta la Tierra. El bichejo posee a Fry convirtiéndolo en el Papa de una nueva religión al tiempo que persigue a Leela
The Planet Express crew must work to fix rips between their universe and another inhabited by a planet-sized, tentacle alien which soon takes over the Earth and uses it's ability to control Fry to command an entire religion which takes over and convinces the inhabitants of Earth to abandon the Earth to live in a pseudo-heaven, leaving the robots of the world to inherit the planet.Genre: Animation
GfK Viet Nam on June 10 announced the revenue of US$ 3.2 billion earned by the technological market in 2007 and the figure is estimated at more than US$ 4 billion this year.
GfK Viet Nam specialises in researching key commodity lines of the technological market, namely commercial electronics, household appliances, information technology, telecommunications and photography.
According to the body
GE Real Estate Europe said on Thursday it had agreed to be a founding limited partner of the Capital France Hotel (CFH) fund, which is managed by co-investor Algonquin Asset Management France and targets hotel investments across the Eurozone, Scandinavia and Central and Eastern Europe.The fund currently owns and manages a portfolio of nine three and four-star hotels operated under Rezidor brands R
- Futurama: The Beast with a Billion Backs[Lo primero, como siempre, comentar que la película se ha filtrado ya que tiene que salir el 24 de Junio, pero ya está para descargar en muy buena calidad aunque, eso sí, aún no hay subtítulos y creo que aún tardarán un poco (tampoco demasiado), no os pongáis nerviosos. Y doblada, pues alrededor del 6 de Agosto.]Otra de las películas de Futurama y
Rakeen, the property developer and real estate arm of Ras Al Khaimah government, has launched a Dh.15billion mixed-use island around the shoreline to the Ras Al Khaimah coast. The island is expected to add about 53kms to the Ras Al Khaimah shoreline, and stretches seven kilometers into the Arabian Gulf.
Dana Island, which measures five kilometers by six kilometers, will include
three main
XTO gained as much as 4.3 percent in New York trading after announcing the deal to buy Hunt Petroleum at less than $4 per thousand cubic feet of gas reserves. That’s one-third current U.S. prices for a fuel that has risen even faster than crude oil this year.
The Viet Nam Food Association (VFA) said on June 9 that 2.121 million tonnes of rice, worth over US$ 1 billion, had been exported. Nguyen Tri Ngoc, head of the Cultivation Department (Ministry of Agriculture and Rural Development), said that exporting 4-4.5 million tonnes of rice is feasible this year.
He added that the northern winter-spring crop will be able to attain 5.7 tonnes of rice per
You must admit that Malaysian PM Abdullah Badawi is the fastest man in the universe to make fast billions.
Yesterday he made RM 2 billion by cutting ministers and their deputies’ entertainment allowances by 10 %.Nobody will really be hurt…
Few days ago Abdullah Badawi made RM13.7 billion with a whopping fuel hike between 40% and 60%.Everybody [...]
The one major piece of economic data to be released June 10, at 8:30 AM, will be an update of the U.S. Trade Balance for April 2008. After a current account deficit of -$58.2 billion in the preceding month, economists peg this batch of data at a deficit of -$58-$60 billion.
Brazil says it will launch a $200 billion sovereign fund with the money from all the oil it has found off-shore. Of course, none of that oil has been brought...
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Will Lehman's (LEH) Erin Callahan try to blame Greenlight's David Einhorn for this one?
Despite saying the last round of capital raising they did "wasn't really necessary", The WSJ reports that Lehman is about to hit up investor for another $5 billion.
Lehman "is close to raising more than $5 billion of fresh capital from an array of investors including the New Jersey Division of Investment, ac
South Korea has decided that the oil crisis is doing so much to undermine its economy that it has put together a $10 billion package to aid consumers and small...
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Carl Ichan who is looking to seal a takeover offer from Microsoft before Yahoo's annual board meeting on August 1st, has asked Yahoo to publicly offer to sell itself to Microsoft for $49.5 billion or $34.375 per share and to ditch the employee compensation package valued at $2.4 billion. Yang, current CEO at Yahoo, is currently in a tough spot over previous negotiations; however, this announcing
The Pirate Bay may get all the headlines, but BitTorrent directory Mininova continues to grow. Stats from the site above (some are public, some via a non-published link) show the site is quickly racing towards 5 billion downloads after having only passed 4 billion February 18.On comparison, Mininova comes out ahead on traffic. The Pirate Bay doesn’t offer a download figure, only concurrent users
"Nobody understands [why] $11-12bn of subsidies in 2006 and protective tariff policies [should be used to] divert 100m tons of cereals from human consumption, mostly to satisfy a thirst for fuel for vehicles," Diouf, the FAO director general, said. It was a thinly veiled attack. The FAO estimates US subsidies for the production of corn ethanol at $11-12bn. US subsidies for biofuel productio