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BT must give access to its fibre network

first_img Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com BT must give access to its fibre network Tags: NULL Share whatsapp OFCOM yesterday said it will force BT to allow its rivals access to the former state phone firm’s superfast fibre broadband network.BT will also have to wholesale its infrastructure of telegraph poles and underground ducts in a bid to increase competition for superfast internet to rural areas.The decision supports government plans laid out earlier this year to prevent a “digital divide” making rural areas commercially unviable.TalkTalk has already announced it will sign up to the new scheme to offer broadband speeds of over 25 megabits per second to its customers.Ofcom said it will not immediately cap the prices BT is able to charge for access to its infrastructure but they will be subject to review and could be slashed if deemed anti-competitive.Ofcom’s chief executive, Ed Richards said: “The development of the UK’s superfast broadband future is well underway with the roll-out of services in large parts of the country. “Today Ofcom has finalised a clear regulatory framework to promote investment, competition and innovation to enable as many consumers as possible to benefit from these exciting new services.”The ruling means BSkyB will be able to offer superfast broadband to rural homes for the first time, opening up a new front in the war between the two media giants.Sky was incensed by a ruling earlier this year forcing it to wholesale its Premier League football to rivals including BT and Virgin Media for a fixed price. The move allowed BT to mount a serious challenge to Sky’s dominance in the pay-TV market for the first time. However, BT has refused to announce subscriber figures amid rumours it has failed to convince its customers to sign up. center_img Thursday 7 October 2010 9:46 pm KCS-content whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndolast_img read more

CITY VIEWS: DOES ALAN JOHNSON HAVE THE RIGHT IDEA ABOUT HOW TO CUT SPENDING?

first_imgMonday 18 October 2010 8:09 pm Show Comments ▼ CITY VIEWS: DOES ALAN JOHNSON HAVE THE RIGHT IDEA ABOUT HOW TO CUT SPENDING? Tags: NULL Share whatsappcenter_img KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times IAN RANKIN | CANOPIUS“I do think the cuts need to be introduced more slowly, as Labour have suggested. I’m worried that the Conservatives will undo the work done on the NHS and schools by cutting too soon.”JITENDRA BAKSHI | XL INSURANCE“I believe the Conservatives are correct in their approach. It’s the same as in people’s own finances – you need to pay off debts as soon as possible. I’m from India, where they are also cutting the deficit.” Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more

Henderson sees its assets grow by 5pc

first_img KCS-content Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times FUND management group Henderson saw its assets under management rise five per cent over the third quarter of the year due to market and foreign exchange gains, despite cautious investors pulling a net £100m out of the firm’s funds.Assets under management grew £2.8bn to a total of £59.2bn over the quarter, pulling them up again past levels last seen at the beginning of the year. Henderson said that favourable currency and market movements of £3.1bn had been offset by the £100m of net outflows and the transfer of its £200m International Property Fund over to Aviva Investors.Henderson chief executive Andrew Formica warned “the risk appetite of both retail and institutional investors remains low, driven by poor economic news and volatile, albeit improving, equity markets”.Henderson’s lower-margin institutional business recorded net inflows of £200m, boosted by a strong performance in fixed income products, though that was counteracted by redemptions of £200m from the New Star Institutional Managers arm.Within higher-margin products, most of the flows came into the Horizon range, though investment trusts saw £200m of outflows.The group said its investment performance remained solid, with 67 and 65 per cent of equity and fixed income products respectively outperforming over a one-year period. The Horizon funds remained Henderson’s star performer, reflected in its inflows, with 89 per cent of assets outperforming over one year. Hedge fund performance was disappointing over the year at just 35 per cent. Show Comments ▼ Henderson sees its assets grow by 5pc center_img Thursday 21 October 2010 7:42 pm Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp whatsapp Tags: NULLlast_img read more

AIA to raise $17.9bn with IPO

first_img Show Comments ▼ whatsapp whatsapp AIA, the Asian life insurance arm of American International Group Inc, raised $17.9 billion (£11.4bn) by pricing its Hong Kong IPO at the top of an indicated range, sources said, due to heavy demand for one of Asia’s best known industry brands.The pricing of the IPO, set to be the world’s third biggest, puts an end to an AIG saga. Its bid to sell AIA started roughly two years ago and has included two auction attempts and two floatation efforts.AIG will use the IPO proceeds to pay back part of the U.S. bail out it received during the 2008 financial crisis – a rescue package that ballooned to a whopping $182.3bn.The IPO will value AIA at $30.5bn at the top end, with AIG holding a 41.6 per cent stake that will drop to 33 percent if the green-shoe option is exercised in full.The offering by AIA, which operates in 15 markets in Asia, comes amid a boom in Asian IPOs, with offerings zipping through stock exchanges throughout the region.“It’s more or less fully valued after the shares were sold at the top end,” said Francis Lun, general manager with Fulbright Securities. “Still one could expect a five per cent upside on debut.”AIA sold 5.86bn secondary shares at HK$19.68 each, sources with direct knowledge of the matter told Reuters.The sources declined to be identified as AIG was yet to make the decision public. An AIA spokeswoman was not available for an immediate comment.AIA also exercised the upsize option to sell an additional 1.17bn secondary shares, due to strong demand from investors, the sources said.AIA’s unique position as the only listed life insurer with a wide foot print in the rapidly growing Asia-Pacific region is a big draw for investors, fund managers said.Unlike many other foreign insurers, AIA has 100 per cent ownership of its entities in China, Indonesia, Malaysia, Thailand and Vietnam. AIA has more than 300,000 agents in Asia.“This is a cost effective way for IPO investors to ride China’s growth,” said Francis Gaskins, president of IPOdesktop.com in Marina del Rey, California.Asian IPOs raised about $90bn in the first three quarters of 2010, according to Thomson Reuters data, more than double the combined total from the United States, Europe, the Middle East and Africa. Friday 22 October 2010 2:39 am Share John Dunne by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times AIA to raise $17.9bn with IPO Tags: NULLlast_img read more

Commerzbank

first_img whatsapp KCS-content AFTER losing more than €1bn in the third quarter last year, Commerzbank has limped back into the black this time around, posting net profit of €113m – well below most analysts estimates.But despite disappointing expectations, there are positives among the rubble. Commerzbank avoided posting another loss – as in the case of rival Deutsche Bank. But more importantly, it is in a good position moving forward as the German economy continues to gain pace.Much of Commerzbank’s problems stemmed from losses on commercial mortgages. These losses should ease as fewer clients run into financial difficulties.It’s troublesome integration of loss-making Dresdner Bank last year has also put pressure on income, with operating profit at the unit dropping 40 per cent in the quarter. This should ease in the coming months. With the bank’s stock down more than four per cent this may seem a good time to buy but, with speculation mounting that it may post a fourth-quarter loss, it may fall further before it mounts a recovery. Share More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsappcenter_img Commerzbank by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Show Comments ▼ Tags: NULL Monday 8 November 2010 9:33 pmlast_img read more

Madagascar Oil joins AIM

first_img Madagascar Oil joins AIM by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmMoneyPailShe Was A ’90s Star, Now She Works In {State}MoneyPailDirect HealthyKate Silverton’s PartnerDirect Healthy Show Comments ▼ whatsapp KCS-content MADAGASCAR Oil will become the latest energy firm to list in London when its shares begin trading on AIM today. The firm has raised £50.5m by placing a 27.65 per cent stake with investors ahead of the float this morning, it said yesterday, translating to a total market capitalisation of around £183m. Madagascar Oil said it plans to use the money to explore and develop its five onshore oil blocks in Western Madagascar, with a focus on the Tsimiroro field, which the firm believes holds up to 965m barrels of oil resources. Chairman and chief executive Laurie Hunter said: “We are delighted that the AIM flotation of the company has been completed successfully and we now look forward to working with our new institutional shareholders and existing shareholders, whom we would like to thank for their ongoing support of the company as we continue to grow.”Madagascar, which is based in Bermuda and has offices in the US, hopes to follow in the footsteps of firms such as Energy XXI, which last week said it was planning a move to the main market after five years on the AIM. It was joined on AIM last Wednesday by Jubilant Energy, an Indian power company that raised nearly £55m through its float. ANGELA PEACESTRAND HANSONStrand Hanson is acting as nominated adviser for Madagascar during its move to AIM, while Mirabaud Securities is lead manager and joint broker and GMP Securities is joint broker. Angela Peace, a director of corporate finance at Strand Hanson, has been with Strand since 2000. She has worked with numerous AIM companies on M&A and equity transactions, and her client list includes North River Resources, Asian Plantations and Kalahari Minerals. David Altberg, a manager at Strand Hanson, qualified as a solicitor with Brechers and worked for Rosenblatt Solicitors before joining the firm in 2007. Rory Scott, a partner at Swiss broker Mirabaud, also has a wealth of experience of AIM-listed resources companies, and counts Firestone Diamonds, Chaarat Gold and African Minerals among his clients. Nick Morgan and Chris Beltgens both joined the oil and gas team at GMP Securities in January from Tristone and Macquarie respectively. whatsapp Sunday 28 November 2010 7:58 pm Tags: NULL Sharelast_img read more

Standard Life buys tech firm Focus Solutions for £42m

first_img Standard Life buys tech firm Focus Solutions for £42m Share Tags: NULL whatsapp Tuesday 7 December 2010 8:50 pm Show Comments ▼ SAVINGS and investments giant Standard Life yesterday agreed a £42m cash offer for software provider Focus Solutions, its third technology-focused acquisition in 18 months.The deal is equivalent to 140p per share, about a ten per cent premium on Monday’s closing price of 127.5p and relies on Standard Life acquiring 100 per cent of Focus’ shares from investors.Focus provides technology and consultancy services to financial institutions, including HSBC and Barclays, which allow customers to buy and maintain products on web-based platforms.Standard Life expects to use Focus’ platforms to improve customer service provision “incorporating point of sale, customer relationship management, tax wrapper and investment trading,” it said in a statement. Shore Capital analyst Eamonn Flanagan said the offer was an extension of Standard Life’s strategy to move its business model to technology-driven, capital-light products and services such as unit trusts and ISAs.It follows its takeovers of technology providers Vebnet and threesixty.Flanagan said Focus’s valuation was “not cheap,” but Standard Life had probably targeted it for strategic reasons.Noble Grossart advised Standard Life and Cavendish Corporate Finance and Capital SCF advised Focus. whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org KCS-content last_img read more

Happy Christmas to all our readers

first_img Happy Christmas to all our readers Share whatsapp AS another year draws to a close we at City A.M. have good reason to feel fortunate about the way things turned out in 2010.Firstly, it was a sensational year for news, both financial and political. In the financial sphere, there was the takeover of Cadbury by Kraft, which brought all sorts of calls at the end of it for a reform of the City’s takeover rules.Then there were the deals that did not go ahead, like BHP’s hostile bid for Potash and the Prudential’s bid for AIA.As we showed by the people we included in the CityJet/City A.M. Power Hundred it was the year that the City truly got back to work after the period of the credit crunch .Politically, 2010 has been a truly dramatic year, with the general election ending in a stalemate and ultimately a coalition government.For us, it was a historic occasion since we published our first ever afternoon edition on the day after the election vote, with reporters working through the night here to give readers our insight into the results and what they meant for the City and the financial markets.Also in 2010 we held our first annual awards ceremony, attended by more than 450 people, at which Lord Coe made a truly inspiring speech about London and the run-up to the Olympic Games in 2012. The event attracted a host of high profile figures from the City and was generally considered a success.And most recently we have been extending the distribution of City A.M. so that more of our readers get the chance to see the newspaper at the beginning rather than the end of their journeys.Last, but not least, the newspaper, now in its sixth year, is currently making a profit, thanks to the tremendous support of our advertisers and sponsors. So a big thanks all round, most of all to our readers whom we hope enjoy the best of health over christmas and the New Year. As we head into 2011 much of the early focus of the financial markets will be on the effects of the public sector cuts on the private sector and the economy as a whole. As a newspaper we don’t believe the economy will take a nosedive, all things being equal. But given that all things are rarely equal, any number of events could derail the success of the austerity programme.I’ll be looking with interest at the direction the Labour party takes. The present government does not think it needs a Plan B in case its measures fail to grow the economy but it is crucial for Labour that it gets in place an economic Plan that provides the public with an alternative to current policy. Otherwise opponents – and there are many, of course – have nowhere to head but to demonstrations and protest marches (of which there will be plenty).Observing the paucity of ideas from the opposition now on the economy, it seems hard to believe that for a large part of the party’s 13 years in power it rubbed along with the business community rather well and that for much of that period the UK was a good place to do business in.Today Ed Miliband’s party looks sidelined, content to watch on as the Lib Dems and Tories fight amongst themselves but as yet offering very little of their own. It’s time to do something about it. If the economy takes a wrong turn now, we could be heading for an election sooner than we [email protected] Tags: NULL center_img KCS-content Wednesday 22 December 2010 8:53 pm whatsapp Show Comments ▼last_img read more

Sanofi-Aventis unions call for strike action in France

first_img UNIONS at Sanofi-Aventis have called on staff in France to strike today to fight plans to cut jobs at the French drugmaker.A group of nine trade unions representing staff at Sanofi said the company was seeking to scrap 916 jobs, adding that 2,700 jobs had been cut at the company since the merger between Sanofi and Aventis in 2005.“The reality is that these job cuts are part of a vast €2bn (£1.7bn) savings plan that group management wants to achieve by 2013. All the group’s businesses are affected,” the unions said in a statement yesterday.A spokesman for Sanofi said the group had not announced any new job cuts since unveiling a reorganisation of its French commercial division last month that would lead to 575 out of 2,800 jobs going by the end of this year.The spokesman said the unions had reached the figure of 916 by adding 260 unoccupied posts, and 81 staff who will be expected to change roles. Tags: NULL KCS-content Show Comments ▼ Sanofi-Aventis unions call for strike action in France More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comColin Kaepernick to publish book on abolishing the policethegrio.comWhy people are finding dryer sheets in their mailboxesnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com whatsapp whatsapp Tuesday 4 January 2011 7:12 pm Sharelast_img read more

$1bn Facebook backer eyes Twitter stake

first_img whatsapp whatsapp $1bn Facebook backer eyes Twitter stake More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com Sunday 9 January 2011 10:50 pm Tags: NULLcenter_img KCS-content Share Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com DIGITAL Sky Technologies, the Russian firm with a $1bn (£644bn) stake in Facebook, is considering buying shares in micro-blogging site Twitter.In its recent financing round, Twitter was valued at $3.7bn, despite advertising revenues said to be around $100m last year.If DST went ahead with the move, it would mean that that the company would have stakes in nearly all of the well-known pre-float tech firms that investors are chasing, including online gaming site Zynga, voucher-buying site Groupon and Facebook.DST grabbed headlines recently after it added $50m to its investment in Facebook as part of Goldman Sachs’ $2bn funding round for the social networking site.Facebook shares are now said to be selling for over $55 on trading sites for high net worth investors such as SharesPost.com, which would value the company at $124bn.Meanwhile, US courts have subpoened Twitter for private messages and connection records for the account of Wikileaks founder Julian Assange.TWITTER IN NUMBERS175m Registered users of the site95m “Tweets” of up to 140 characters posted each day300 Employees, and counting7.7m Number of followers of Twitter’s most popular user, Lady Gaga217 Number of MPs with Twitter accounts $100m Revenues from advertising for the site6 Languages in which Twitter is available$3.7bn Recent valuation last_img read more