Tag Archives: business-news

” the beginning of the end of the INTERNET as you know it”

“The deal marks the beginning of the end of the internet as you know it,” said Josh Silver, president of the Free Press consumer group, talking about the Google-Verizon tie-up. A lot of concerned groups think that if it came to pass, would change the very nature of the internet and how it operates

Talks about US regulators having closed-door meetings intended to find a way to make sure all web data is treated equally, has stopped, according to BBC News.

The Federal Communications Commission began the meetings after a court limited its net regulation powers.

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Lebanon sees Blackberry as “Security Risk”

Lebanon will assess security concerns relating to the use of BlackBerry phones in the country, the acting head of the Telecoms Regulatory Authority said on Thursday. This came up after the arrest of several telecoms employees suspected of spying for Israel.

Overall, about 100 people have been arrested on suspicion of spying for the Israeli agency Mossad since April 2009, when the government launched a nationwide crackdown on alleged rings.

TRA would start talks with the BlackBerry’s Canadian maker, Research In Motion, over its concerns.

In a statement, RIM founder and co-chief executive Mike Lazaridis has said that allowing governments to monitor messages would imperil the firm’s ties with customers, including major corporations and law enforcement agencies.

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GE invites you to join $ 200 million “Ecomagination Challenge”

GE recently unveiled the “Ecomagination Challenge: Powering the Grid” which basically is an open call to action for businesses, entrepreneurs, innovators and students seeking breakthrough ideas to create a cleaner, more efficient and economically viable grid, and accelerate the adoption of smart grid technologies.
The Challenge invites people to come together to take on one of the world’s toughest challenges – building the next-generation power grid to meet the needs of the 21st century.

Selected Ecomagination Challenge entrants will be offered the opportunity to develop a commercial relationship with GE through:

    • Investment: the $200 million capital pledge of GE and its partners will be invested globally into promising start-ups and ideas
    • Validation: evaluation of entrant’s business strategy through in-depth discussions with GE‘s technical and commercial teams
    • Distribution: exploration of partnership opportunities with GE to scale a business and create global reach
    • Development: leveraging of GE‘s technical infrastructure and GE Global Research Centers to accelerate technology and product development
    • Growth: exploration of opportunities for utilizing existing GE customer relationships for your go-to-market strategy

    Continue reading here.

Gates, Buffett and 38 other billionaires to give away money

A total of forty billionaires now, including Bill Gates and Warren Buffett agreed to give away at least half their fortunes to charity.

The Giving Pledge made the announcement on Wednesday with an effort officially launched by Gates and Buffett earlier this year to persuade the richest people in America to commit to giving the majority of their wealth to the philanthropic causes and charitable organizations of their choice, either during their lifetime or after their death.

Buffett and Gates , who according to Forbes are America’s two wealthiest individuals, with a combined net worth of $90 billion, are joined by 38 other billionaires who are also taking the give-it-away pledge. They include New York Mayor Michael Bloomberg, entertainment executive Barry Diller, Oracle co-founder Larry Ellison, energy tycoon T. Boone Pickens, media mogul Ted Turner, David Rockefeller, film director George Lucas and investor Ronald Perelman.

Read more here.