Friday, July 22, 2005

Administrators PriceWaterHouseCoopers (PWC) have announced that the British car company MG Rover and its engine manufacturer Powertrain Ltd has been sold to Chinese company Nanjing Automobile for an unknown sum of money. The company beat bids from Shanghai Automotive (SAIC), despite being the smaller of the two.

MG Rover collapsed this Spring, after struggling to make a profit for several years.

SAIC had tried to buy only the engine plant and then transfer it to China, but in June Nanjing Automobile approached PWC with a combined bid for both the car manufacturing company and Powertrain. This Monday SAIC bid for both but the offer was inferior to Nanjing’s.

Nanjing has indicated that it too will move the engine production plant to China, along with some car manufacturing. However it also intends to continue building cars in Britain, and establish an engineering research and design centre there in an effort to expand its sales globally. Nanjing intends to start hiring at once.

Sunday, October 7, 2007

There are two things one can expect on a trip to see Michael Musto at the offices of the Village Voice: a 20-minute round-trip wait for the elevator and rapid fire answers from one of the most recognizable gossip columnists in the United States. Musto, in addition to his appearances on Countdown with Keith Olbermann and the E! network, has been writing his column for the Voice since 1984. He has recently compiled the best of them in a book released this year titled, La Dolce Musto: Writings by the World’s Most Outrageous Columnist. He was Carrie Bradshaw, replete with a prodigious use of puns, before Sex in the City was a thought. His column is a romp through his life, spats and opinions on socio-political issues. As David Thigpen of the Chicago Tribune wrote, Musto is “a funny and caustic satirist who masquerades as a gossip and nightlife columnist.”

Musto, a Columbia University graduate, is a rarity in today’s celebrity world: he is accessible. He often corresponds with his readers and his public functions are a mix of parties, nightclubs, academic lectures, university panels and film premieres.

He is friendly and frank, and he welcomes people to join him in his world (“I just got a message that Michael Lucas died!” he says staring wide-eyed at his phone; the message turned out to be false). Wikinews reporter David Shankbone spoke with Musto about his life and his relationship to the world of celebrity journalism. And he did not hold back.

Monday, January 4, 2010

The United States and the United Kingdom closed their embassies in Yemen Sunday, pointing to ongoing terrorist threats. The closures came after the two nations pledged to boost counter-terrorism support to the Yemeni government.

The American embassy’s website said the threats come from al-Qaeda in the Arabian Peninsula, the group linked to the failed Christmas Day airplane bombing attempt in the United States. The message in part said, “The U.S. Embassy in Sana’a is closed today, January 3, 2010, in response to ongoing threats by Al-Qaeda in the Arabian Peninsula (AQAP) to attack American interests in Yemen.”

Further adding, “On December 31, the U.S. Embassy sent a warden message to Americans citizens in Yemen to remind them of the continuing threat of terrorist actions and violence against American citizens and interests throughout the world. The U.S. Embassy reminds U.S. citizens to maintain a high level of vigilance and to practice enhanced security awareness.”

Deputy National Security Advisor for Homeland Security and Counterterrorism John O. Brennan said on CNN’s State of the Union with John King, “There are indications that al Qaeda is planning to carry out an attack against a target inside of Sana’a, possibly our embassy.” Brennan added, “And what we do is to take every measure possible to ensure the safety of our diplomats and citizens abroad, so the decision was made to close the embassy.”

A spokesperson for the British Foreign Office said their embassy would be closed on Sunday and a decision to reopen would be made on Monday.

The closures come a day after U.S. General David Petraeus visited the capital, Sana’a, to discuss security issues with President Ali Abdullah Saleh. The general, who oversees the U.S. wars in Afghanistan and Iraq, recently announced that the United States would more than double its security aid to the impoverished nation.

The United States gave $67 million last year to Yemen, the only country that receives more aid is Pakistan with $112 million, according to the Associated Press.

Yesterday, in his weekly radio address, President Barack Obama linked the suspect in the attempted bombing of Northwest Airlines Flight 253 to al-Qaeda saying, “We know that he traveled to Yemen, a country grappling with crushing poverty and deadly insurgencies. It appears that he joined an affiliate of al-Qaeda, and that this group, al-Qaeda in the Arabian Peninsula, trained him, equipped him with those explosives and directed him to attack that plane headed for America.”

Obama annouced, “So, as President, I’ve made it a priority to strengthen our partnership with the Yemeni government-training and equipping their security forces, sharing intelligence and working with them to strike al-Qaeda terrorists.”

Obama said that they had already results prior to the Christmas Day bombing attempt saying, “So, as President, I’ve made it a priority to strengthen our partnership with the Yemeni government-training and equipping their security forces, sharing intelligence and working with them to strike al-Qaeda terrorists.”

Britain has also announced plans to join with the United States in funding a counter-terrorism police unit in Yemen, as well as plans to hold an international conference on Yemeni security later this month.

Earlier today, British Prime Minister Gordon Brown told the BBC, “This is a new type of threat and it is from a new source which is obviously Yemen, but there are many other potential sources Somalia, as well as Afghanistan and Pakistan.”

Editor Hakim Almasmari, of the Yemen Post newspaper, thinks the conference might be advantageous if it results in more development projects for rural Yemen. However, he fears what any foreign-backed military attacks could mean.

“Al-Qaeda right now is not very strong,” Almasmari said. “Its followers are not more than 400 in all. However, if the U.S. does attack Yemen, al-Qaeda will get stronger and stronger because people who lose their families in the airstrikes will join al-Qaeda not because they want to but because they want revenge against the Americans and the Yemeni government for the attacks.”

The situation has gained new urgency as the government in Sana’a finds itself overwhelmed not only by the growing terrorist threat, but also two separate rebellions, one of which has become something of a proxy war, at least in rhetoric, between Iran and Saudi Arabia.

U.S. military experts have warned that vast reaches of the impoverished nation, with its booming population and dwindling resources, could spin permanently out of the government’s control.

Militant groups from Somalia said that they would send fighters to help aid al-Qaeda in Yemen. Yemen has vowed to keep foreign extremists out.

The U.S. embassy has faced attacks from the local al-Qaeda group before, with an assault outside its gates in 2008 that left 19 people – civilians and militants – dead.

Saturday, November 4, 2006

Telecom New Zealand has announced that it is going to sell its Yellow Page Group business and is expecting at least NZ$2 billion. The Yellow Page Group includes the Yellow Pages, White Pages (which includes both offline and online services), New Zealand Retirement Guide and New Zealand Tourism Online.

However Chief Financial Officer, Mark Bogoievski, will not comment on how much the reserve price is.

The company says that the money they get from selling the directories will be used to repay almost $3.5 billion worth of debt.

Theresa Gattung, Chief Executive of Telecom, said: “There has already been considerable interest shown in the future of Yellow Pages Group based on recent media speculation. We expect that the sale should be completed by the end of this financial year.”

The Yellow Page Group generates $250 million worth of revenue per annum and employs 600 people.

Ms Gattung said: “In the long term the business will be dominated by the global players. It’s really prudent off us to take this opportunity to see what value we can get looking at the sale of this business at this stage.”

Analysts are warning Telecom that it would miss out on the digital media possibilities. “It looks to me that it is a bit of a panic reaction in order to generate some quick cash,” said, telecommunications expert, Paul Budde, “I think it’s a short-term sort of strategy to generate some cash, but it will undermine its long term strategy to move from the old Telecom’s world into the new digital media world.”

Ms Gattung said that the privacy of the individuals will be kept, “obviously we’re only going to sell to a very reputable party.”

Telecom is also hinting at cutting hundreds of jobs to invest in new technology to beat off competition.

Sunday, January 6, 2008

On the morning of January 4, 2008, while at the 2008 World Junior Ice Hockey Championships, 19-year-old goalie Steve Mason received a phone call from Canada informing him that he was traded by the Ontario Hockey League’s London Knights to the Kitchener Rangers.

In a press release Friday, Kitchener Rangers Head coach and General Manager Peter DeBoer announced the trade to the Knights. In return for obtaining Mason, the Rangers have sent the Knights, Centre Phil Varone, Defenceman Steve Tarasuk along with 2nd, 3rd and 4th round draft picks in 2011 and a 2nd round pick in 2012.

Mason said that he had an enjoyable time playing for the London Knights, but nonetheless, he believes that he has a bright future playing for the Kitchener Rangers. He also notes that he doesn’t want the trade to distract him from playing in the Gold Medal Game, against Team Sweden.

Team Canada won the game in overtime 3-2.

Monday, June 23, 2008

2008 COMPUTEX Taipei, the largest trade fair since its inception in 1982, featured several seminars and forums, expansions on show spaces to TWTC Nangang, great transformations for theme pavilions, and WiMAX Taipei Expo, mainly promoted by Taipei Computer Association (TCA). Besides of ICT industry, “design” progressively became the critical factor for the future of the other industries. To promote innovative “Made In Taiwan” products, pavilions from “Best Choice of COMPUTEX”, “Taiwan Excellence Awards”, and newly-set “Design and Innovation (d & i) Award of COMPUTEX”, demonstrated the power of Taiwan’s designs in 2008 COMPUTEX Taipei.