Tuesday, September 7, 2010
Friday, September 3, 2010
Thursday, July 1, 2010
Wednesday, January 14, 2009
Carol Bartz replaces Jerry Yang as Yahoo chief
14 January 2009 9:24 GMT / By Amy-Mae Elliott
Yahoo has revealed who its new chief executive is, naming "Silicon Valley veteran" Carol Bartz.
Described as a "well-respected industry figure", Bartz replaces Jerry Yang who stepped down late last year amid criticism from investors who saw Yahoo's share price drop substantially under his leadership.
Bartz was chief exec of software firm Autodesk until 2006, and has previously worked at Cisco and Sun Microsystems.
Bartz has been named in Fortune magazine's list of the 50 Most Powerful Women in Business and featured on Barron's list of the World's 30 Most Respected CEOs. source
Saturday, January 10, 2009
Citigroup, Morgan Stanley talk about merging units
Associated Press
New York, January 10, 2009
Officials at the embattled banks Citigroup and Morgan Stanley will negotiate over the weekend about possibly combining their wealth management businesses, a deal mostly aimed at bolstering Citi with much-needed cash. The deal to merge Citi's Smith Barney with Morgan Stanley's comparable division was confirmed on Saturday by a person familiar with the talks, who spoke on condition of anonymity because he was not authorised to discuss the matter. The negotiations come as investors digested news that Robert Rubin, a senior adviser to Citi who has drawn heavy criticism, would resign from the bank. The person said it was Rubin's decision to leave Citigroup and that "there was no inside pressure," or government pressure.
Citi's shares sank nearly 6 per cent yesterday. Even before the economy started tanking, many shareholders had complained that Citigroup was too huge, and lagging its peers. Calls for a breakup have been going on for years, and have grown louder since the federal government has had to pump billions into the ailing company. The New York-based bank late last year signed an agreement with the federal government to receive an additional $20 billion on top of the initial $25 billion it received. more
New York, January 10, 2009
Officials at the embattled banks Citigroup and Morgan Stanley will negotiate over the weekend about possibly combining their wealth management businesses, a deal mostly aimed at bolstering Citi with much-needed cash. The deal to merge Citi's Smith Barney with Morgan Stanley's comparable division was confirmed on Saturday by a person familiar with the talks, who spoke on condition of anonymity because he was not authorised to discuss the matter. The negotiations come as investors digested news that Robert Rubin, a senior adviser to Citi who has drawn heavy criticism, would resign from the bank. The person said it was Rubin's decision to leave Citigroup and that "there was no inside pressure," or government pressure.
Citi's shares sank nearly 6 per cent yesterday. Even before the economy started tanking, many shareholders had complained that Citigroup was too huge, and lagging its peers. Calls for a breakup have been going on for years, and have grown louder since the federal government has had to pump billions into the ailing company. The New York-based bank late last year signed an agreement with the federal government to receive an additional $20 billion on top of the initial $25 billion it received. more
Sunday, November 23, 2008
Singur enters Beijing class
by ASHIS CHAKRABARTI
Martin Mulligan of theFinancial Times uses Singur as paradigm for problems of industrialization
The Nano didn’t roll out of Singur. But the controversy over the stillborn project seems to be rolling far and wide. Just last month, Mulligan used the same model in another workshop for journalists he conducted in Sofia, Bulgaria. The contrasts between the responses of his students in Beijing and Sofia could surprise both Buddhadeb Bhattacharjee and Mamata Banerjee.
In communist Beijing, the journalist-students had more sympathy for Mamata. The consensus in Mulligan’s class was that higher compensation to landlosers in Singur at an earlier stage could have saved the project. In other words, the communist scribes didn’t think the Marxist government in Bengal had done enough to carry the farmers on its side.
In Sofia, the response was “more sophisticated”, Mulligan tells me over cups of green tea at the lounge of a Beijing hotel. The Bulgarians were more sympathetic to the Bengal chief minister and blamed Mamata’s “cynical politics” to exploit Singur in order to regain lost political ground.
But why did he choose the Nano story for his workshops? Mulligan says he had two broad reasons. One: the international focus on Nano, slated to be history’s cheapest car. “Here is a car that’s on offer for just the price of the stereo system of a Mercedes. That’s simply fantastic.”
The other reason is the widely varying kinds of reporting of the story in the international media. In his class in Beijing — he’s at Xinhua on a Thomson Foundation assignment — Mulligan gave the examples of three British papers — The Guardian (“sympathetic” to Singur farmers), Evening Standard (“absolutely Right-wing, pro-business”) andFinancial Times (“more balanced”). more
Tuesday, November 11, 2008
Rs. 30,000-crore sops for Nano project
Rs. 30,000-crore sops for Nano project: document
| Modi orders probe into leak of details |
A sellout: Congress
Challenges Modi to debate on project
AHMEDABAD: The Narendra Modi government is reported to have offered over Rs. 30,000 crore in sops to Tata Motors to bring its Nano car project to Gujarat.
The government has agreed to not only provide a soft loan of Rs. 9,570 crore at a negligible interest of 0.1 per cent for setting up the project but also defer repayment for 20 years, besides initially meeting all the cost of infrastructure development, cut in power tariff rates and an expenditure of Rs. 700 crore on shifting machinery and equipment from Singur in West Bengal to Sanand.
While the Chief Minister’s office refused to give details of the October 7 agreement signed between the government and Tata Motors, an official document submitted to the Cabinet for approval was leaked to the media, bringing to light the concessions offered to the company to bring the “prestigious” project to Gujarat.
Mr. Modi has reportedly ordered an inquiry into the leakage of the document. more
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