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Google In Final Negotiations To Acquire Digg For “Around $200 Million”
Google’s on and off negotiations with Digg have been back on in a big way for the last six weeks, we’ve heard from multiple sources inside and outside of Google. The two companies have reportedly signed a letter of intent and are close to a deal that will bring Digg under the Google News property. The acquisition price is in the $200 million range, says one source. Google’s on and off negotiations with Digg have been back on in a big way for the last six weeks, we’ve heard from multiple sources in... more
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Climbing the Crack // Comment Picked for TV
Thanks to flula for his response to the pod "Climbing the Crack." After you hear what flula had to say, you can watch the pod here and upload your own comments:
http://current.com/items/76401762_climbing_the_crack
Thanks to flula for his response to the pod "Climbing the Crack." After you hear what flula had to say, you can watch the pod here an... more -
Wachovia bank boss is forced to step aside
Wachovia has become the latest in a succession of leading US banks to part company with its chief executive.
The company said that Ken Thompson would be retiring at the request of its board of directors. Lanty Smith, who replaced him as chairman in April, has been named as interim chief executive.
Wachovia, the fourth-largest US bank, lost $361 million in the first three months of 2008, had to raise an extra $8 billion of capital and cut its dividend.
Thompson's departure follows those of the chief executives of Citigroup and Merrill Lynch.
He has been criticised for his $24.2 billion acquisition of Golden West Financial Corp, a specialist mortgage lender. in October 2006.
Rising default rates from Golden West's loans have been a big contributor to Wachovia's problems. Wachovia has become the latest in a succession of leading US banks to part company with its chief executive. ... more -
CBS buys CNET for 1.8 Billion
CBS will purchase CNET for $11.50 a share, or $1.8 billion. That's about $150 million more than Google paid for YouTube - whoa.
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Circuit City is throwing in the towel
The electronics chain puts out the "For Sale" sign, hiring Goldman Sachs to assist on a deal, most likely with Blockbuster
Circuit City is finally throwing in the towel. Confronted with weak sales, impatient shareholders, and a U.S. consumer pummeled by recession, the electronics chain capitulated on May 9 and retained Goldman Sachs to help negotiate a deal. The same day, Circuit City Stores agreed to allow three board nominees from activist shareholder Mark Wattles to stand for elections.
The moves almost certainly presage a sale of the chain, likely to Blockbuster, where Carl Icahn has stepped up and agreed to finance a Circuit City acquisition. The billionaire—Blockbuster's largest shareholder—has bought into a "game-changing" scheme announced last month in which the troubled electronics retailer would be combined with the troubled movie retailer to create a new national chain selling consumer hardware and software.
The electronics chain puts out the "For Sale" sign, hiring Goldman Sachs to assist on a deal, most likely with Blockbuster ... more -
Rose discusses the Microsoft/Yahoo! fallout
TechCrunch's Michael Arrington and The New York Times' Andrew Ross Sorkin postulate "what's next" for Microsoft and Yahoo! with Charlie Rose.
Interesting perspective on Yahoo!'s relationship with Goldman Sachs, and some of the more subtle hints exhibited by Yahoo!'s behavior leading up to Microsoft's retraction. TechCrunch's Michael Arrington and The New York Times' Andrew Ross Sorkin postulate "what's next" for Microsoft and Yahoo! with Charli... more -
Beads, Breasts, Business
Made In China follows the bead trail from the factory in China to Bourbon Street during Mardi Gras, poignantly exposing the inequities of globalization. The clash of cultures is illuminated by juxtaposing American excess and consumer ignorance against the harsh life of the Chinese factory worker. Made In China follows the bead trail from the factory in China to Bourbon Street during Mardi Gras, poignantly exposing the inequiti... more
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After Imus
Rutgers University women's basketball coach C. Vivian Stringer responds to radio personality Don Imus' apology for racist, sexist remarks about women on the team. Rutgers University women's basketball coach C. Vivian Stringer responds to radio personality Don Imus' apology for racist, sexist rema... more
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Golden Upset
We Believe has been the motto of Golden State fans who havent had a playoff series win since 1991. Warrior fans who paid a pretty penny for their tickets sure didnt seem to have much use for them. The home crowd rocked Oracle Arena wearing yellow shirts, flashing posters and cranking up the volume for Thursday night's game against the Mavericks. The Warriors made NBA playoff history and sent Mark Cuban and his team on an early summer vacation. Charles Barkley, eat your heart out. The Golden State Warriors will advance to the second round. We Believe has been the motto of Golden State fans who havent had a playoff series win since 1991. Warrior fans who paid a pretty p... more
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Iranian Capture
Two more British crewmen speak to Iranian television and explain details about their arrest. 15 Royal Navy personnel are still being held after allegedly trespassing into Iranian waters. Two more British crewmen speak to Iranian television and explain details about their arrest. 15 Royal Navy personnel are still being h... more
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Podium Blast
U.N. Secretary-General ducks behind a podium after a rocket lands near the Iraqi Prime Minister's office in Baghdad.
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Stardust To Dust
After 45 years of operation, the Stardust hotel was demolished to mere rubble. The famous hotel was home to some of Las Vegas's biggest acts including Dean Martin, Wayne Newton, and Siegfried and Roy. After 45 years of operation, the Stardust hotel was demolished to mere rubble. The famous hotel was home to some of Las Vegas's bigges... more
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Florida Wins!
The Florida Gators win the 2007 NCAA Men's Basketball Championship.
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Sandsational Art
Twenty-seven "internationally renowned" sand sculpture artists are competing for first place in the "Sandsation" festival which opened under sunny skies in Berlin on Sunday, June 17, 2007. Twenty-seven "internationally renowned" sand sculpture artists are competing for first place in the "Sandsation" festival which opened... more
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Running of the Brides
At the annual "Running of the Brides" at Filene's Basement, hundreds of brides-to-be claw their way to the perfect, heavily-discounted wedding dress. At the annual "Running of the Brides" at Filene's Basement, hundreds of brides-to-be claw their way to the perfect, heavily-discounted... more
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Southern Twisters
A deadly tornado that was part of a massive storm touched down in the southern part of the United States, killing up to 20 and causing millions in damage mostly in Alabama and Georgia. Some of the victims killed by the tornado were students in an Alabama high school. A deadly tornado that was part of a massive storm touched down in the southern part of the United States, killing up to 20 and causing... more
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Take A Hike, Chief
For 81 years, Chief Illiniwek has been the mascot of the University of Illinois Fighting Illini. Controversial racial issues have plagued the Chief over the past few decades, which have pushed the university to remove the mascot. The Chief danced for the last time during a mens basketball game against the University of Michigan. For 81 years, Chief Illiniwek has been the mascot of the University of Illinois Fighting Illini. Controversial racial issues have plag... more
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Leaving For Iraq
Leaving For Iraq is an exclusive sneak preview into war veteran and filmmaker Jeremy Zerechaks feature length documentary Land Of Confusion covering his northeastern Pennsylvania National Guard Unit making the transition from citizens to full time combat soldiers. While there, they were tasked with high profile politically charged missions in the heart of Baghdad and throughout the country of Iraq searching for the infamous weapons of mass destruction. To view the Land Of Confusion teaser and other information about the film visit zerechakfilms.com. Leaving For Iraq is an exclusive sneak preview into war veteran and filmmaker Jeremy Zerechaks feature length documentary Land Of Con... more
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Big Ass Plane
One of the world's biggest airliners makes its first long-distance flight from Toulouse, France to Los Angeles.
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