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March 18, 2011

New York Times to start charging for access to web news

New York Times to start charging for access to web news

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Friday, March 18, 2011

Cquote1.svg The challenge now is to put a price on our work without walling ourselves off from the global network … Cquote2.svg

Arthur Sulzberger Jr., NYT chairman

The New York Times announced on Thursday that it will start charging for full access to NYTimes.com, its online version. Beginning March 28, U.S. visitors who do not subscribe to the print edition will be allowed access to 20 articles a month. A digital subscription to the website will be required to read additional content.

The fee plan for Canadians is already in effect, allowing the NYT to “fine-tune the customer experience”, according to the announcement.

Unlimited access to articles will continue to be free for those users reaching the Times through links from search engines, blogs, and social media like Facebook and Twitter. The NYTimes.com home page and individual section front pages will continue be freely accessible.

The home page of nytimes.com.

The NYT unsuccessfully tried a pay wall six years ago. Due to declining profits and readership of its print edition, it is ready to try again.

According to comScore, a marketing research company that measures online traffic, NYTimes.com had 31.4 million individual visitors in February. It is the most-read newspaper site in the world, reported The Guardian.

“The challenge now is to put a price on our work without walling ourselves off from the global network, to make sure we continue to engage with the widest possible audience”, wrote Arthur Sulzberger Jr., NYT company chairman.



Sources

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November 7, 2008

Wikinews Shorts: November 7, 2008

Wikinews Shorts: November 7, 2008 – Wikinews, the free news source

Wikinews Shorts: November 7, 2008

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A compilation of brief news reports for Friday, November 7, 2008.

Help Wikinews! Contribute to Wikinews by expanding these briefs or add a new one.

Labour victory in UK by-election

Red Rose.jpg

Friday, November 7, 2008

Labour Party candidate Lindsay Roy defeated the Scottish Nationalist candidate by 6,737 votes, to win the UK parliamentary seat for Glenrothes in Scotland. Opinion polls had predicted a close race, but personal campaigning by Prime Minister Gordon Brown, and a high turnout of 52% in Thursday’s vote, secured a high margin for the UK’s governing party.

Sources


Explosion kills 12 at Russian bus stop

Friday, November 7, 2008

28 people were wounded and at least 11 are dead after an explosion in the centre of Vladikavkaz, capital of the North Ossetia region of Russia. Local authorities suspect that Thursday’s explosion was caused by a female suicide bomber.

Sources


Magnitude 6.4 earthquake in South Pacific

LocationVanuatu.png

Friday, November 7, 2008

At 0719 UTC (6.19 on Friday evening local time) a magnitude 6.4 earthquake struck 120 kilometres (75 miles) north east of the South Pacific island of Espiritu Santo, Vanuatu. It was followed by several less powerful aftershocks. Reports from the US geological service placed the focus of the quakes at a depth of 35 km. Press reports say that no tsunami warnings were issued.

Vanuatu experienced a similar earthquake on Wednesday, near the island of Efate. That event had a magnitude of 6.3.

Related news

Sources


GM reports 2.5 billion US$ loss for third quarter

GM’s headquarters is in Detroit, Michigan

Friday, November 7, 2008 17:46:00

American car manufacturer General Motors has lost 2.5 billion US dollars in its third quarter of 2008. The hemorrhage of cash has prompted GM to suspend talks of a “strategic acquisition” that some business analysts say may be referring to a possible buyout of Chrysler. Revenue has fallen nearly 5.8 billion dollars, greatly due to the recent global economic crisis which has caused consumers to sharply cut back on spending. The report indicates that GM could go bankrupt in 2009 without government assistance.

Sources


Financial crisis update: further stock exchange falls on Thursday

Friday, November 7, 2008

World stock markets posted another drop at close of trading yesterday. Blue chip indices showed losses of 3.55% in Tokyo and 6.84% in Frankfurt. Oil prices echoed the trend, falling to $60.77 per barrel, down 6.94%.


Index Country Wednesday close Thursday close Change +/-
CAC 40 France 3618.11 3387.25 -6.38 %
DOW JONES USA 9139.27 8695.79 -4.85 %
Nasdaq Comp USA 1681.64 1608.70 -4.34 %
SBF 120 France 2590.99 2426.35 -6.35 %
Dax Xetra Germany 5166.87 4813.57 -6.84 %
FTSE 100 UK 4530.73 4272.41 -5.70 %
Nikkei 225 Japan 8899.14 (Thu) 8583.00 (Fri) -3.55 %
Crude oil USA 65.30 60.77 -6.94 %


Sources

This story incorporates translated text from a story in French Wikinews: “Crise financière : nouveaux replis des places boursières le 6 novembre 2008” (November 7, 2008) which has a license that is compatible with English Wikinews.
  • Nikkei” — Les Échos, November 7, 2008 (French)
  • FTSE” — Les Échos, November 6, 2008 (French)
  • cours du brut” — EuroInvestor.fr, November 6, 2008 (French)
  • Vue générale des marchés” — EuroInvestor.fr, November 6, 2008 (French)
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June 23, 2008

My Personal Learning Profile

Monday, June 23, 2008

These are short blurbs about current events in the business world.

Brief 1

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Sources

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Brief 2

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Sources

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This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2 or any later version published by the Free Software Foundation; with no Invariant Sections, no Front-Cover Texts, and no Back-Cover Texts. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

April 3, 2006

Business Brief for April 3, 2006

Business Brief for April 3, 2006 – Wikinews, the free news source

Business Brief for April 3, 2006

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Monday, April 3, 2006

Arabs express interest in Kosher Phones

Mirs, an Israeli manufacturer, has created a mobile phone that blocks sex numbers, images, and other “worldly temptations.” The phones do not have text messaging, videos, or a camera. The company, a subsidiary of Motorola, has sold 20,000 of them. They were originally intended for Orthodox Jews who scorn television and radio but see mobile phones as a modern necessity. Arabs have expressed interest in the phones, via Jordanian businessmen, also for religious reasons, though they are not of the same religion. Jordan is one of the few Arab countries that has a peace treaty with Israel.

Sources

Alcatel announces Lucent Technology purchase

French company Alcatel said this weekend that it will buy Lucent Technologies for $13.4 billion. The merger will cut costs by dropping 8,800 employees, approximately 10% of their combined workforce. Lucent’s CEO Patricia Russo will serve as the CEO of the new company, to be based in Paris. Russo said that research and development costs are a primary reason for the merger.

Sources

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December 21, 2005

Business Brief for December 21, 2005

Business Brief for December 21, 2005 – Wikinews, the free news source

Business Brief for December 21, 2005

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Wednesday, December 21, 2005

US wholesale prices fall by 0.7%

The Producer Price Index for Finished Goods declined 0.7% in November. The Index rose 0.7% in October and rose 1.9% in September. The drop in price for finished goods is due to energy prices, which fell by 4% percent. The Index is seasonally adjusted.

Sources

  • United States Government. “Producer Price Index” — Bureau of Labor Statistics, December 20, 2005

US Patent office may back Blackberry

The five patents in the lawsuit between NTP and Research In Motion, the seller of Blackberry may be struck down. Both companies said that the US Patent office will reject the five patents held by NTP. The final rulings are expected to come by mid-February.

Sources

China is now the sixth largest economy

China has raised its GDP estimate after a year long survey. China has outplaced Italy becoming taking sixth largest economy in the world. World economists now calculate that China’s economy will be larger than the economy of the United States, the current largest economy. Economists also predict that China will pass France and the UK by the end of 2006. Service industries such as telecommunications, retailing, and real estate accounted for 93% of the revision. Economists also say that this means that China’s growth is more sustanable than previously thought which means pressure will mount on China on other issues including its currency valuation and trade negotiations.

Sources

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December 20, 2005

Business Brief for December 20, 2005

Business Brief for December 20, 2005 – Wikinews, the free news source

Business Brief for December 20, 2005

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Tuesday, December 20, 2005

THQ signs with Massive Network

THQ has signed a deal with the advertising company Massive Network. Massive Network is a broker that places advertising into online games. The ads are unique in that they can change over time like billboards on the highway. In a game about rescuing hostages a hero might walk past Coca-Cola machine’s one week and Pepsi the next. He may pick up a newspaper with ads for real companies in it. Advertisers get an audience, game makers get extra revenue, and game players get more realistic games. Nokia, Vivendi, Paramount, Panasonic, Warner Bros, Universal Music and Honda have already signed on. Game makers Sony, Ubisoft, and Atari have signed on as well. Massive Network says it has over 100 titles committed to carrying its ads.

Sources

Texas’s largest utility, TXU, offers Internet over power lines

Texas’s largest utlity, TXU Corp., in a deal with Current Communications Group plans to offer high speed Internet access over power lines in the state. TXU has agreed to pay Current Communications Group approximately $150 million over 10 years to use Current’s BPL network. In the deal TXU will become an equity holder in the privately held Current. Current’s other shareholders include Google Inc. and another US utility company Cinergy Corp. The deal will offer access to 2 million homes and businesses mostly in the Dallas-Fort Worth area. Construction is planned to start in 2006 along TXU’s 14,000 miles of transmission lines and 100,000 miles of distribution lines. Current’s only existing Internet access customers are through Cinergy, where it charges between $20 to $45 monthly for speeds up to 3 megabits per second.

Sources

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December 16, 2005

Business Brief for December 16, 2005

Business Brief for December 16, 2005 – Wikinews, the free news source

Business Brief for December 16, 2005

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Friday, December 16, 2005

Layoffs continue but many employers say there is a worker shortage

General Motors and Ford are laying off workers by the thousands and analysts predict a decline in housing production yet according to a CNN Money article labor experts and executives say there is already a shortage of workers. Retiring baby boomers plus a growing economy expected in 2006 may move the labor market in favor of job seekers.

“I would say by the end of next year, it could take 12, 13, maybe 14 weeks to fill a spot, and that’s when you’ll see upward pressure on wages,” said Jeff Joerres, chairman and CEO of Manpower.

Deloitte Consulting and the National Association of Manufacturers have conducted a survey finding that more than 80% of surveyed manufacturers say they are experiencing a shortage of qualified workers. 90% say they have a moderate to severe shrortage of qualified skilled workers. 83% say these shortages are affecting their production.

“They’ve been getting lean and pushing the efficiency envelope for a decade,” Dick Kleinert, a principal with Deloitte who conducted the NAM survey, said “So in this latest survey, when we asked what was the most important factor in their success, being a low cost producer status ranked only No. 3 on the list. What ranked as No. 1 attribute was having a high performance work force.”

Sources

GM offers $15 billion in tech contracts

GM logo.png

Despite being in financial trouble General Motors is holding $15 billion in tech contracts. The five year contracts, planned to be awarded within weeks. The 40 contracts will be the largest group of contracts ever awarded at the same time.

EDS, spun off by GM in 1996, carried out $2 billion in business with GM last year 10% of EDS’ revenue. EDS’s contract will expire in June.

GM plans to break up it’s tech outsourcing budget into smaller pieces and standardize its outsourcing operation so that it can remove a partner without effecting the entire operation. This will shake up the $300 billion tech outsourcing industry.

“This is revolutionary, If it works for both sides, in a couple of years you’ll see a lot of other companies doing it.” George F. Colony, president of Forrester Research said.

Ralph J. Szygenda, GM’s CTO, said he decided that the whole outsourcing industry was broken when GMs Hermes web site, intended to sell cars in Brazil, kept crashing. The site was run by EDS, IBM, and a few others. When Szygenda held a meeting to find out why, “there was a lot of finger-pointing, and nobody would fess up to the problem,” he said. “I realized this wasn’t going to work. And I saw it wasn’t just a GM problem. It was an industry problem.”

So now Szygenda intends to implement his plan. Either GM’s way, or the highway.

What about the little guys? Szygenda intends to place $2.5 billion to $3 billion aside on innovative technology. “We use hundreds of start-up companies,” he says. “We’re not closing out innovation.”

Sources

Tobacco company Philip Morris wins big

Altria, parent company of Philip Morris is preparing for a major restructuring following a victory in Illinois with the state Supreme Court throwing out a $10 billion judgement. The 4-2 decision rule that “light” and “low tar” had been authorised by the FTC. The decision paves the way for Altria to spin off Kraft Foods, a long-expected move held up by major tobacco litigation cases.

Sources

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December 15, 2005

Business Brief for December 15, 2005

Business Brief for December 15, 2005 – Wikinews, the free news source

Business Brief for December 15, 2005

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Thursday, December 15, 2005

These are short blurbs about current events in the business world.

US trade deficit grows to record levels in October

The US trade deficit grew to record levels in October. Imports have climbed faster than exports despite dropping oil prices. The deficit has widened by $3 billion to the record $68.9 billion for the month. The deficit was forecasted by Wall Street to narrow. The nations huge trade imbalance has not begun to stabilize. The gap will effect the nations overall growth. Morgan Stanley has reduced its forecast of the nations growth to 3% from 3.4%. Merrill Lynch is going further forecasting just 2.3% growth. The deficit with China hit $166.8 billion, $2.3 billion more than the deficit with China for the entire previous year.

Sources

Wal-Mart adds 140 outlets in Brazil

Wal-Mart

Wal-Mart has agreed to buy the Portuguese group Sonae SGPS SA’s retail business in Brazil for about $757 million. Sonae’s 140 stores with an annual revenue of $1.4 billion will double the amount of Wal-Mart stores in Brazil. The stores will continue to operate under their existing names. Wal-Mart has been expanding internationally and plans to open more than one-third of its stores overseas next year. This is the second acquisition for Wal-Mart in the last two years in the country. Last year the company bought Bompreco a 118 store supermarket chain for $300 million.

This new acquisition gives Wal-mart 295 outlets in the Brazil. Wal-Mart is the third biggest retailer in the country.

Sources

Canadian trade surplus stable through October

Flag of Canada.svg

Exports rose a tick to C$40.2 billion, the eighth consecutive increase, but imports increased even more—1.2%—to $33 billion. The net $7.17 billion is effectively unchanged since September. Imports from China have reached $24.2 billion as of October, like China’s imports to the United States, have surpassed the total amount imported the entire previous year.

Source

Amgen buys Abgenix, retains full rights to profits

Biotech company Amgen announced today that it will purchase Abgenix for $2.2 billion. Amgen and Abgenix co-developed a late-stage cancer drug panitumumab. The drug shows promise as a low-side effect alternative to Erbitux (marketed by ImClone Systems and Bristol-Myers Squibb).

The takeover means that Amgen will no longer have to split profits from the drug 50/50 with Abgenix. Amgen paid $22.50/share, 53.6% greater than today’s closing price, but analysts state that the stock has enough potential to justify the high expenditure.

Source

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December 14, 2005

Business Brief for December 14, 2005

Business Brief for December 14, 2005 – Wikinews, the free news source

Business Brief for December 14, 2005

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Wednesday, December 14, 2005

These are short blurbs about current events in the business world.

A World Bank lead economist speaks on Bird Flu

In an online discussion Milan Brahmbhatt, World Bank lead economist for East Asia and the Pacific, answered a few questions about Bird Flu. Brahmbhatt said that the first thing to note is that “economic impacts can only be based on very broad assumptions.” Brahmbhatt said that estimations of economic impacts are based on the SARS epidemic of 2003.

Brahmbhatt said “the most immediate economic impact might arise actually not from actual death or sickness, but from the efforts of people to actually avoid becoming infected, and this was at least the experience during SARS, when people tried to avoid infection by minimizing face-to-face interactions with other people, and this resulted in a very severe demand shock for services sectors.”

Brahmbhatt indicated that since a pandemic flu would be a global disease that wouldn’t end as quickly as SARS did that the severe demand shock for services would occur globally and last longer. “this could entail a loss of world GDP of four to five percent of world GDP, which, according to Oxford, would amount to the sort of staggering of figure of $1,500 to $2,000 billion.” Brahmbhatt continued. Brahmbhatt said “One study for the US calculated that a mild epidemic similar to that which occurred in 1968 might lead to US losses with a present value of perhaps $100-200 billion in today’s dollars.” Brahmbhatt said that the World Bank will continue to calculate the economic impact as more information about the disease becomes available.

Sources

Gold prices drop

Gold ingots.jpg

Japanese gold buyers took in profits causing gold prices to drop. Gold has risen 8% since the start of December. Gold rose to $540.90 a troy ounce on Monday, the highest level since January 1981. Gold has now dropped over $20 in late London trading. If gold stays above $500 for the remainder of the trading day it will mark the 10th successive day of trading above the mark. Gold has not traded above $500 for 10 days in a row since 1983.

Other precious metals were affected by gold’s drop. Silver has dropped 8% from an 18 year high of $9.23 a troy ounce. Platinum has fallen $24 from a 26 year high of $1,015 an ounce. Palladium is down 9% to $269 an ounce.

Advisors are walking both sides of the Gold fence. “It has been a substantial rise in prices and the recent moves seem to be a case of profit taking before the end of the year,” said, chief economist at Commonwealth Securities Craig James, “But the fundamental situation is still solid. We believe the price of gold is well supported at $475 an ounce.”

Tobin Gorey of Commonwealth Bank of Australia said “Gold has had a good run and the Fed lifting rates by an expected quarter-percentage point wasn’t going to reverse the selling trend we’ve seen in recent days.”

“We’re seeing a lot of book-squaring and portfolio readjustment away from gold as the end of the year approaches,” Gorey continued.

Sources

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December 13, 2005

Business Brief for December 13, 2005

Filed under: Archived,Business Briefs,Economy and business — admin @ 5:00 am

Business Brief for December 13, 2005 – Wikinews, the free news source

Business Brief for December 13, 2005

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Tuesday, December 13, 2005

These are short blurbs about current events in the business world.

UK’s Marks and Spencers wins tax rebate case

The UK’s retailing giant, Marks & Spencer, has won their case at the European Court of Justice. The court’s ruling allows losses made in foreign operations to be offset against taxes to be paid in the UK. It is expected that this ruling will require that the UK treasury pay out significant amounts as a number of firms are poised to bring their own cases to take advantage of this ruling.

Sources

U.S. Fed continues trend

In a widely expected move, the U.S. Federal Reserve bumped the interest rate a quarter percent to 4.25%. This is the 13th consecutive rate hike since June of 2003. The central bank left open the possibility of additional rate hikes, but analysts are predicting the trend is probably near a close.

The Fed also rewrote its 2 year old explanatory statement by removing language that viewed interest rates to as adding to growth. Because many financial decisions are effected simply by what, and when, the Fed speaks the Fed wanted to remove any associations between policy actions and any set timetable or speed of their delivery.

Sources

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