Posts Tagged ‘reuters’

REFILE-UPDATE 1-London Stock Exchange mulls Nasdaq takeover-paper

2:45, Monday 7 March 2011

(Refiles to fix truncated headline)

* LSE eyeing Nasdaq (Nasdaq: ^NDX – news) takeover following TMX deal-report

* Talks not yet held between LSE, TMX and Nasdaq-report (Adds Nasdaq comment, background to LSE and TMX deal)

LONDON/NEW YORK (Xetra: A0DKRK – news) , March 6 (Reuters) – The London StockExchange is eyeing a takeover of its U.S. rival Nasdaq just weeks after announcing a merger with the Torontostock exchange, the Sunday Times reported.

Although the companies have not held talks about a three-waytie-up, LSE and its Canadian counterpart expect to make theirmove later this year following the closing of their own deal,the newspaper said without citing sources.

a Nasdaq spokesman declined to comment.

For now, LSE has its hands full as it tries to close on its3.1 billion pound proposed takeover of TMX Group (Toronto: X.TO – news) .

last week the two exchanges defended their transatlantictie-up to skeptical lawmakers as they faced the first of aseries of government and regulatory hurdles.

but the two exchange operators have said the combinedcompany could go on the offensive as stock market competitionintensifies internationally, especially with Deutsche Boerse in takeover talks with NYSE Euronext (Euronext: NYX.NX – news) , and theSingapore Exchange (Other OTC: SPXCF.PK – news) trying to acquire Australia’s ASX (Other OTC: ATKEF.PK – news)Ltd .

some have speculated Nasdaq could jump into the fray, andLSE head Xavier Rolet was non-committal last week when askedwhether TMX and LSE would consider a three-way tie-up.

“I can’t speculate on what might or might not happen or whatwe could or should do,” he told reporters last week.

a source told Reuters previously that Nasdaq, left out ofthe recent merger frenzy, was looking at its alternatives,including the possibility of teaming up with CME Group inc or Intercontinental Exchange inc to bid on NYSE.

but last week at the Reuters Future Face of Finance Summitthe chief executives of both CME and ICE appeared to play downthe possibility of a bid anytime soon. (Reporting by Paritosh Bansal and Nadia Damouni in New York,and Karolina Tagaris in London; Editing by AlexRichardson)

REFILE-UPDATE 1-London Stock Exchange mulls Nasdaq takeover-paper

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PRESS DIGEST – New York Times business news – March 4

6:06, Friday 4 March 2011

March 4 (Reuters) – The following were the top stories inThe New York Times business pages on Friday. Reuters has notverified these stories and does not vouch for their accuracy.

* if Fannie Mae and Freddie Mac (Dusseldorf: FHL.DU – news) shutdown, interest rates would rise for most borrowers, but urbanand rural residents could see sharper increases than customersin the suburbs.

* As oil prices have risen in recent weeks, calls have beengrowing in Congress for the Obama administration to considertapping into the nation’s strategic petroleum reserve, which isnow at its full capacity of 727 million barrels.

* The chief executive of Goldman Sachs Group Inc ,Lloyd C. Blankfein, has emerged as a possible witness in theinsider trading trial of Raj Rajaratnam.

* Community pharmacists in New York (Xetra: A0DKRK – news) are lobbying statelawmakers to pass legislation that would prevent health plansfrom requiring patients taking medications for chronic ailmentsto fill their prescriptions through the mail.

* Regulators are warning that a new real estate bubble maybe forming as farmland prices surge across the Midwest.

* most of the nation’s retailers on Thursday reportedimproved sales in February, topping expectations in a month hithard by winter weather and sharply higher gasoline prices.

* As the battle for Libya rages on, the struggle overcontrol of the country’s sovereign wealth fund and its $70billion in assets has just begun.

* The European Central Bank signaled Thursday that it couldraise interest rates as soon as next month in response tointensifying inflationary pressures. such a move would be likelyto lead soon to higher borrowing costs for homeowners andbusinesses.

* Everybody’s suddenly petrified about municipal debt. Butthe fate of bondholders ought to be the least of our worries.

* Carl B. Hess (NYSE: HES – news) , the founding chairman and longtime leader ofAEA Investors, a pioneer private equity company and a precursorto the leveraged-buyout giants of the 1980s, died on Feb. 15 athis home in Manhattan (Xetra: A0X9G1 – news) . He was 98.

* The British government cleared the way on Thursday for theNews Corp to take over the nation’s biggest paytelevision company, British Sky Broadcasting (LSE: BSY.L – news) .

* As they opened negotiations with Republicans over budgetcuts, the White House and Congressional Democrats on Thursdayoffered to trim an additional $6.5 billion from currentspending, a figure far short of the Republican goal of cuttingagency budgets by $61 billion. (Compiled by Mary Meyase; Bangalore Equities Newsdesk +91 80;4135 5800; within U.S. +1 646 223 8780)

PRESS DIGEST – New York Times business news – March 4

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Last Call for Relevance: Why Digg May Never Find Its Way Back

What was Digg?

Does anyone even remember?

Digg originated and thrived for years as a place of discovery, a site that presented the most viral news and entertaining content on the Internet. The front page was coveted above all others as the “place to be” to expose new sites, fresh perspectives, and clever memes.

It has become a shell of itself and seems to be making very little effort to recover. sure, they’re making UI changes. They’re going to the users, making an effort to get feedback and (for once) acting upon it. in their own minds, they are making improvements and following the startup path to claw their way back up.

They won’t get there. Not like this. Not without help.

The challenge is that they aren’t accepting help at this time. as a result, Digg will not find its way back to relevancy. The clock is ticking. if Digg doesn’t act aggressively and decisively by May, they will miss their last chance to regain their position as one of the most important social media sites on the Internet.

A few weeks ago, I was asked for quotes by a journalist at Reuters. she was working on a piece about Digg and wanted an answer to the simple question, “Will Digg make it to 2012?”

I stalled. When Reuters wants a quote, one shouldn’t stall, but I did. Should I speak from my gut, which told me that Digg was in trouble, or from my heart which has been hopeful that new leadership will guide the site back to prominence?

The quote was sent just before her deadline on a Thursday. she thanked me and said the story was running Sunday. I never saw it. I checked again the following Sunday. nothing.

When I pinged her, she informed me that the story was cut. The tech editor had decided that the topic simply wasn’t important enough to cover anymore. To Reuters, which once highlighted Digg as a major influence on the Internet and even featured a section to help readers know what it was, Digg no longer held enough clout to warrant a story.

No big deal, right? It’s Reuters, afterall. Stuffy mainstream media doesn’t get social media, so their opinion is irrelevant. Major tech blogs – that’s where Digg is buzzing, right?

Look at Mashable’s coverage of Digg over the months. There was a time when the blog that many consider in touch with the pulse of social media would cover when Kevin Rose sneezed. Pete Cashmore himself even wrote a post on CNN defending the Digg V4 changes.

Now, it’s barren. Since the beginning of October, there have been 11 mentions of Digg on Mashable (compared to 11 on any given day about Facebook and Twitter). Two of the mentions shouldn’t count because they were actually stories about Digg competitor Reddit. There were two stories about the bury button, two about staff cuts, and two about new CEO Matt Williams. one was about the recent overhaul, one was about former CEO Jay Adelson, and one declared Digg as one of the biggest flops of 2010.

If Digg is unwilling to accept help and start generating real buzz about the company, it will soon be too late. May is the real deadline from a buzz perspective. while students are still in school and preparing for the summer, Digg must become a “top of mind” destination that people are checking on their iPads from wherever they go. They must be sharing Digg stories on Facebook and Twitter. if Digg goes into the summer with the buzz level they currently have (none), they will miss a major window (perhaps their last) to get mainstream pickup and viral spread.

Digg V4 marked a transition towards granting power and giving the front page over to mainstream media. The goal was to get the endorsement and support of high-traffic sites like Mashable and Engadget as well as tastemakers in the tech world such as Leo Laporte and Gary Vaynerchuk.

The users hated the change. They revolted. Digg started losing traffic and respect like a stock market crash.

To compensate, Digg has made dramatic changes to both the promotion algorithm as well as the way that users find stories. then, the spam hit. More changes, more tweaks, and finally things seem to have settled down.

And that’s the problem.

The latest version of the Digg algorithm is so paranoid, so guarded that the front page will often go hours without an update. in V3, it was not uncommon to see 100-120 stories promoted every day. a look at the current front page as of the time of this article shows 15 stories promoted in the last 10 hours.

Digg initiated a Staff Picks section that helped them to highlight stories that otherwise would never get traction. This was a good idea in theory, but the lack of imagination of the staff doing the picking has made it relatively worthless. Judging by the sources, it would appear that the staff is using the default newsfeed bookmark on IE6, promoting Telegraph, DailyMail, and Time magazine rather than actually finding unique quality content.

Digg will never be relevant while promoting sites that don’t care about Digg and stories that Digg users don’t care about.

Why do people flock to similar sites like Reddit, Hacker News, Fark, and Slashdot? Is it the content? sometimes, but only as a starting point. The communities at each are fueled by small pockets of users who make the comments on popular stories often more entertaining than the content itself.

The key to new adoption is sharing on Facebook and Twitter. It is on those sites that discovery happens, that new people find these old sites for the first time, and where active users are born.

There is no reason to share a story from Digg. The discussion is minimal compared to the competitors mentioned above. It isn’t uncommon to see hundreds of comments about a single piece of content with clever and thoughtful dialogue sprinked in to make them worth reading.

Digg doesn’t have that. unfortunately, it’s a catch-22 for them as they need interesting discussions to make the discussions more interesting, a task that cannot be achieved organically in time to make a difference.

Clear and decisive action must be taken for Digg to make it. That’s all there is to it. The traffic remains at its lowest levels in years. Outbound traffic is equally suffering – the fabled “Digg Effect” that has crashed hundreds of servers over the years is gone. while Reddit regularly sends over 200,000 views to single pieces of content, Digg’s top stories rarely (if ever) break 50,000.

UI changes and user-feedback cannot save Digg. in the next 3 months, three things have to happen for Digg to survive. These are drastic suggestions. These are drastic times for the beleaguered site.

• Generate Buzz: Digg desperately needs a PR firm, social media strategy firm, or even an internal team to get positive press posted about them everywhere they can. This was suggested and subsequently ignored in the past. as a result, nobody’s discussing the former darling of social media.
• Return to Discovery: There are better feedreaders out there for people wanting to read the NY Times or USA Today. if Digg continues to reward mainstream media and keep the algorithm so tight that the front page moves at a snail’s pace, they give new (and old) visitors no reason to care. show us something we didn’t see on CNN this morning.
• Manufacture Discussion: Most would be shocked to learn that some of Digg’s competitors actually pay people to generate interesting, witty, and intellectual comments. It’s not discussed in many circles but nobody really worries – if it makes us laugh, smile, or think, who cares if it’s “artificial.” People will not share Digg links on Facebook or Twitter without a reason – they’ll share the content source. Give them a reason to point their friends towards a Digg.com page.

These suggestions are ugly. They represent everything that is bad about social media – artificial, inorganic, spammy measures to make a site seem more interesting than it really is. unfortunately for Digg, they are the options that are left on the table.

As ugly as they are, there is one good thing about them. They would work.

<a href="http://www.fastcompany.com/1726453/last-call-for-relevance-why-digg-may-never-find-its-way-backtag:news.google.com,2005:cluster=http://www.fastcompany.com/1726453/last-call-for-relevance-why-digg-may-never-find-its-way-backFri, 11 Feb 2011 10:05:28 GMT 00:00″>Last Call for Relevance: Why Digg May Never Find Its Way Back

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Cablevision and Fox reach programming deal | Breaking Lastest …

NEW YORK (Reuters) – Cablevision Systems Corp and News Corp hit a reached a programing care which sees the convey of the Fox topical stations to more than threesome meg new royalty Atlantic homes after a 15-day blackout.

The Fox stations and whatever of its miss telegram networks, NatGeo Wild and Fox Desportes, disappeared soured the systems of Cablevision after the telegram cause was unable to accomplish a care with Fox over a toll uprise in programing fees.

With either lateral refusing to backwards down, Cablevision customers ended up absent whatever of their selection shows and sports including the current World Series ballgame championship.

The companies said signals were returned to Cablevision aweigh of the ordinal mettlesome of the program on Saturday.

Terms of the newborn care were not disclosed. In a program of PR and business campaigns, Cablevision had claimed News Corp had been rigorous to more than threefold its gift to $150 meg from $70 million.

(Reporting by Yinka Adegoke)

Incoming search terms:shell energy security,Shell science jobs

Cablevision and Fox reach programming deal | Breaking Lastest …

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Obama says recession still real for many Americans (Reuters …

Reuters – President Barack Obama said on Monday that many Americans were still feeling the reality of a U.S. recession even though it was declared to have ended officially in June 2009.

To read/view the fullstory Click Here

Obama says recession still real for many Americans (Reuters …

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Oil spill seen in Gulf platform explosion

HOUSTON (Reuters) – An oil and gas platform in the Gulf of Mexico exploded on Thursday, setting off a blaze and a small oil spill, but the accident does not appear to be as serious as BP’s deadly rig explosion and oil spill in April.

The U.S. Coast Guard said an oil sheen of 100 feet by 1 nautical mile has been reported at the site.

All 13 crew members on the burning platform were evacuated to another offshore platform, the U.S. Coast Guard said. the fire has been contained but is not yet extinguished, the Coast Guard said.

The crew did not suffer any injuries, said platform and field operator Mariner Energy.

The platform is located more than 90 miles south of Louisiana’s Vermilion Bay, west of BP Plc’s ruptured Macondo well that killed 11 people and caused the world’s worst offshore oil spill.

At the moment, the accident does not appear to be another BP-style disaster, said Raoul LeBlanc, a senior director at PFC Energy in Houston.

“If it’s an industrial accident and doesn’t involve a well it’s obviously still bad, and we hope that no one has been hurt, but it’s unlikely to have long-term implications for production in the Gulf of Mexico,” LeBlanc said.

The platform, located in 340 feet of water, was undergoing maintenance and was not in active production, the U.S. Interior Department said. the platform was authorized to produce oil and natural gas.

The cause of the explosion was not known.

The facility averaged 9.2 million cubic feet of natural gas per day and 1,400 barrels of oil and condensate per day during the last week of August, Mariner said.

The platform has seven wells that produce both oil and natural gas, company spokesman Patrick Cassidy told CNN.

The platform’s output is a small fraction of the 1.6 million barrels of oil the region produces on a daily basis.

White House spokesman Robert Gibbs said he did not know whether the fire would affect the Obama administration’s current deepwater drilling moratorium.

News of the fire helped push up crude oil prices 59 cents, or 0.81 percent, to $74.50 a barrel on the new York Mercantile Exchange.

Shares of Mariner Energy fell 2 percent to $22.90 and shares of Apache Corp, which is expected to buy Mariner Energy, also fell 1.5 percent to $91.

Mariner has participated in at least 35 deepwater projects in the Gulf and operated over half of them.

Pritchard Capital analyst Stephen Berman said the market over-reacted to the news when it initially pushed Mariner’s shares down 5 percent.

“As more details come in, it’s an incident. It’s unfortunate but it sounds like it’s under control,” he told Reuters Insider.

(Additional reporting by Kristen Hays, Anna Driver and Eileen O’Grady in Houston, David Sheppard and Joshua Schneyer in new York, and Tom Doggett and Ayesha Rascoe in Washington; writing by Andy Sullivan; editing by Lisa Shumaker)

<a href="http://www.publicbroadcasting.net/kuar/news.newsmain/article/0/0/1696028/U.S./Oil.spill.seen.in.Gulf.platform.explosiontag:news.google.com,2005:cluster=http://www.publicbroadcasting.net/kuar/news.newsmain/article/0/0/1696028/U.S./Oil.spill.seen.in.Gulf.platform.explosionThu, 02 Sep 2010 18:54:05 GMT 00:00″>Oil spill seen in Gulf platform explosion

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The Day He Signed Piniella's Book

Ken Belson

Belson covers the business of sports after many years of writing about the business of practically everything else for the Times, Business Week, Reuters and Bloomberg. during his 12 years living in Tokyo, he wrote about baseball, kick boxing, marathon running and football in Japan. Since returning to the United States, he managed to persuade his wife, who grew up near the Yomiuri Giants’ old stadium, to find it in herself to root for the Mets.

<a href="http://bats.blogs.nytimes.com/2010/07/13/the-day-he-signed-piniellas-book/tag:news.google.com,2005:cluster=http://bats.blogs.nytimes.com/2010/07/13/the-day-he-signed-piniellas-book/Wed, 14 Jul 2010 02:53:41 GMT 00:00″>The Day He Signed Piniella's Book

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Afghanistan's jirga, a centuries-old institution (Reuters)

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Afghanistan's jirga, a centuries-old institution (Reuters)

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Gigantic 100 metres deep hole appears in city. Amazing pictures!

Tre mennesker savnet i giganthull i Guatemala City.

KOLLAPSET: Folk i omrdet hadde merket skjelvinger i bakken, fr den plutselig pnet seg helt i dag.Foto: Reuters/Scanpix

(Dagbladet.no): Mye regn og et delagt kloakksystem skapte katastrofe i Guatemala City i dag. Fredag morgen lokal tid ga bakken plutselig etter, og det pnet det seg et gigantisk hull, som slukte flere hus og en truck. Tre personer er s langt savnet.

HUNDRE METER DYPT: En enorm mengde masse forsvant ned i det hundre meter dype hullet.Foto: Reuters/Scanpix

‘);}

Det hundre meter dype hullet pnet seg i en av byens fattigste og mest overbefolkede bydeler. De tre som er savnet er en 53 r gammel mann og to tenringer, en gutt og ei jente.

Det ble funnet et lik nede i kloakken som omringet hullet, men det er uklart om det er et offer etter denne ulykken.

- Huset ristet snn at vi vknet, forteller Edward Ramirez, som bor 50 meter unna hullet, til nyhetsbyret AP.Han fortalte at folk i omrdet skal ha hrt rare lyder og flt risting i bakken i rundt en mned fr ulykken.

N er bde Ramirez og 1000 andre personer fra nabolaget evakuert fra hjemmene sine, og myndighetene advarer om at bakken er ekstremt ustabil. Politiet assisterte de evakuerte p vei ut av omrdet; mange av dem bar med seg verdifulle eiendeler som TVer og kjleskap.

Rundt det stinkende hullet kommer det fremdeles bde brk og skjelvinger i bakken, og myndighetene frykter at det kan utvide seg enda mer.

En talsmann for det lokale vannverket fortalte at kloakkledningen kollapset etter ha blitt tettet, og at byen var klar over problemet. Militret regnet med at en kontrollert eksplosjon ville rense opp rrene, men rakk ikke fikse problemet fr hele systemet kollapset. Det er ogs fare for at det kan pne seg flere lignende hull i byen.

Gigantic 100 metres deep hole appears in city. Amazing pictures!

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Big pressure on Wiggins: English Tour veteran

Wiggins finished fourth in 2009, equalling Robert Millar’s best British finish, and after moving to head up the new British Team Sky the talk has been of him doing better this year.

But Elliott, who raced the tour in 1987 and 1988 and won stages and the points jersey in the Vuelta, knows that nothing can be taken for granted in the biggest race of all.

“It’s a big ask, a very big ask,” he told Reuters in an interview.

“Having seen what he did last year I’d like to think he can do it — to show that wasn’t a flash in the pan — but there is a lot of pressure on him. I feel for him, there is a real weight of expectation on that team now. It’s tough and it only takes one bad day and it can be all over.

“He had a bad day in the Giro on Sunday and I suppose he’s just going through the motions there now.”

Wiggins, who has won three Olympic gold medals on the track, surprised everyone when, having shed 10 kilos, he pushed third-placed Lance Armstrong all the way last year.

“It’s not long since he was a pure track rider so he’s done fantastically well and I’d love to see him do well in the Tour again,” said Elliott.

“It’s hard to quantify really. He’s still new to the game in a way so there could still be lots more to come through.”

Everyone probably seems new to Elliott, who turns 49 in a few weeks having begun his professional career in 1984 two years after winning double gold at the Commonwealth Games.

He won multiple domestic titles and retired in 1997 but came back six years later and continues to race as a pro.

He was racing for the Motorpoint team in London on Tuesday in the first leg of the Halfords Tour series of 10 city-centre events with teams racing one-kilometre laps for an hour.

BUSINESS DISTRICT

Elliott and his fellow competitors were happy to sign autographs and pose for photos among the fans as the Canary Wharf business district swaps suits for lycra.

“I’ve spent many years doing this type of event and I really enjoy them,” he said. “I said last year was going to be my final year but it was this series which made me say ‘one more.’

“Everyone gives a wry smile every time I say I’m going to stop. There’s a limit I suppose; I feel I can keep going and keep going but it’s high pressure to stay in the condition I need to be to compete at this level.

“We’ve got an 18-year-old in our team, Josh Edmondson, and I was probably already thinking of retiring when he was born.”

Elliott appears very much attached to his glory days, still sporting the permatan and bleached locks so prevalent in the 80s but more rare now on most men approaching their 50th year.

Equally undiminished is his love of the sport, the main factor behind his comeback after six years on the sidelines.

Having been a part of the first British trade team to race the tour in 1987 and seen the sport dip out of fashion in Britain he is naturally delighted to be involved in such buoyant times.

“Back in the 80s it was a euphoric time with the Kellogg’s races, there was a feeling that British cycling was hitting the big time, but that was just one race really and there was no depth behind it,” he said.

“Times got hard but now it’s considered if not a major sport in the U.K. then a sport of significance, which wasn’t the case when I was back in my prime, and this sort of event is just more evidence that the profile of cycling is so high.”

Big pressure on Wiggins: English Tour veteran

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