Posts Tagged ‘merger’
Check Out Drudge’s Genius Front Page For The Jobs Report
Just genius. (via Ben White)
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- Drudge Fights Back Against The Charge He Is In Romney’s Pocket
- NSFW: Check Out Bloomberg Businessweek’s Pornographic Cover On The United-Continental Merger
- Facebook’s IPO Will Make These People Millionaires And Billionaires
Satellite Image Shows Massive Crack In Antarctic Ice Is Growing
On October 14, 2011, NASA scientists spotted a major rift in the Pine Island Glacier, a large ice stream in Antarctica. At the time, the crack was about 18 miles long, OurAmazingPlanet reported.
A satellite image taken on Nov. 13, 2011 (shown below) revealed a crack that was 19 miles long, 260 feet wide, and 195 feet deep.
If the fissure continues to grow it will eventually break off from the Pine Island Glacier, producing an iceberg about 800 square kilometers in size.
Although Pine Island is losing ice at an average of 6 meters per year in some places, scientists believe the crack is part of a natural cycle of ice formation known as calving—not climate change.
Don’t miss: Incredible Videos Of The World’s Most Amazing Natural Phenomena >
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See Also:
- NSFW: Check Out Bloomberg Businessweek’s Pornographic Cover On The United-Continental Merger
- Facebook’s IPO Will Make These People Millionaires And Billionaires
- UGH: Ben Bernanke Says The Worst Possible Thing In His New Testimony
VIDEO: EU blocks Deutsche Boerse, NYSE merger
The EU has blocked the $10bn Deutsche Boerse, NYSE merger.
Northern Rock sale won’t affect compensation
Savers with money in both Northern Rock and Virgin Money will not be disadvantaged by Virgin’s takeover of the Newcastle-based bank if either of the banks collapses.
Both Virgin Money and Northern Rock will keep separate banking licences following the £747 million deal, which is expected to be rubber-stamped in January.
This means that the Financial Services Compensation Scheme (FSCS) will cover each bank separately and customers will be able to claim the full amount of compensation on their accounts in each bank in the event of difficulties.
The news should reassure savers who were concerned that the takeover could result in their compensation limits being halved, although the two licences could be merged at some stage in the future.
The FSCS covers deposits of up to £85,000 in single accounts and £170,000 in joint accounts.
Mark Neale, chief executive of the FSCS, said: “Those with large amounts of cash should remember to always try to keep within the £85,000 FSCS deposit limit, or £170,000 for joint accounts, per banking licence to protect their money.
“Anyone with savings above those limits should consider spreading their money around to ensure it is safe.”
Northern Rock will eventually operate under the Virgin Money brand and the combined entity will have four million customers, placing it in competition with Britain’s ‘big five’ of Santander, HSBC, Barclays, RBS and Lloyds and hopefully leading to better rates on the high street.
At the moment, Northern Rock tends to offer better rates on its savings accounts than Virgin Money, so savers would be wise to keep an eye on developments following the merger.
Sir David Clementi, the former deputy governor of the Bank of England, will become chairman of the combined bank, while Virgin Money’s Jayne-Anne Gadhia will retain her role as CEO.
Armstrong Is STILL Hoping For An AOL-Yahoo Merger – He’s Pitching Shareholders (YHOO, AOL)
AOL CEO Tim Armstrong really wants to merge AOL with Yahoo.
The latest: He’s been meeting with AOL’s major shareholders, telling them that if Yahoo bought AOL it would create $1 billion to $1.5 billion in savings firing all the people who run redundant data centers and news sites.
Reuters reported this latest round of wishful thinking from Armstrong.
Back in September, Bloomberg reported that Armstrong asked Yahoo’s board if it would like to explore a merger.
Moments – literally, moments – after that report, CNBC reported that a “source close to Yahoo says no interest in a deal with AOL.”
Our stance:
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See Also:
- THE DOWNLOAD: Ex-Yahoo Dan Rosensweig Opens Up About Why Yahoo Collapsed And How To Save It
- YAHOO CEO: We’d Be Happy To Sell The Company, But We’re Not Selling The Company (HUH?)
- HERE IT IS: Jack Ma Talks About Buying Yahoo In This Video
