Filesharers should get ready to pay say experts
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Some of North America’s leading experts in peer-to-peer file sharing on the Internet are convinced that sooner rather than later – maybe within a couple of years – we won’t be downloading music, movies and TV shows for free.In fact, the consensus at Thursday’s key panel discussion – The Evolution of Peer-to-Peer Music: From Enemy [...]
Dell plans new PCs for China India
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BEIJING Dell Inc., the world’s No. 2 PC maker, is developing new models aimed at Chinese and Indian consumers to drive sales in fast-growing Asian markets, CEO Michael Dell said Thursday.Personal computer makers increasingly are designing products with Chinese buyers in mind. Both Dell and China’s Lenovo Group unveiled low-cost PCs last [...]
Credit crunch fuels investor thirst for art wine
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Downturns typically mean a slowdown in investments that are seen as discretionary, but industry watchers say the credit crunch has left the appeal of so-called investments of passion art, wine and collectibles largely untarnished.
Instead, they say, it brought home the need for investors to take on uncorrelated assets to offset the ups and downs of [...]
Govt rejects Telecom separation plan
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The Minister rejected Telecom%26rsquo;s plans to split itself into three businesses and has told the telecommunications company to try again.
The Government-decreed separation of Telecom into network, wholesale and retail businesses is scheduled for March 31.
While Telecom had 15 working days, until March 25, to resubmit its separation plan, he expected the company should be able [...]
Business newsmaker
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EBAY INC. has named Josh Silverman CEO of its SKYPE Internet-telephone unit to accelerate revenue growth at the world’s largest online auctioneer. Silverman will take charge of Skype on March 24 and report to John Donahoe, who was named eBay’s CEO effective [...]
Google health wont be adsupported
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ORLANDO, Fla.Google Inc. will not use advertising to support its new Internet health service, CEO Eric Schmidt said Thursday in the search companys first detailed public comments about a venture raising concerns among privacy advocates. Schmidt said the service was merely a [...]
Torstar says online ads hurt traditional media
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The digital revolution and development of the Internet are diverting advertising from Canadian newspapers and other traditional media, the Toronto Star’s parent company, Torstar Corp., said in its submission to the Competition Policy Review Panel. The panel was created by the federal government [...]
UPDATE 2New York Timess About.com chief to leave
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(Recasts throughout, adds analyst comment, background,
bylines)
By Kenneth Li and Michele Gershberg
NEW YORK, Feb 27 (Reuters) - The chief executive of
About.com, an online division of The New York Times Co (NYT.N: Quote, Profile, Research),
will leave the company next week amid a campaign by activist
shareholders to accelerate the publisher’s digital [...]
REFILEUPDATE 2R.H. Donnelley lowers 08 outlook; shares sink
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(Refiles to correct date)
(Adds conference call details, updates share movement)
Feb 28 (Reuters) - Shares of R.H. Donnelley Corp (RHD.N: Quote, Profile, Research)
lost as much as 40 percent of their value after the yellow
pages publisher lowered its 2008 outlook, citing a difficult
selling environment, and said it will not initiate [...]
Highbridge Duo Survives Rout After Hedge Fund Sale to JPMorgan
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Feb. 29 (Bloomberg) — A black-and-white photo of Muhammad
Ali stares down on Glenn Dubins light-drenched midtown
Manhattan office. A visitor once asked whether Dubin had met the
boxing champ.
“You bet I have, Dubin [...]