miercuri, 20 aprilie 2011

Yahoo suffers technology problems

Carol BartzYahoo chief executive Carol Bartz was brought in two years ago to turn around the company's fortunes
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Yahoo has said that a partnership with Microsoft is facing delays as it awaits improvements in technology.

The internet company, which has also announced a 28% fall in profits, is using Microsoft's search technology in a bid to improve advertising revenue.

But Yahoo said the system was not yet paying off and that a further roll-out was on hold while changes were made.

Meanwhile, Yahoo made profits of $223m (£137m) for the first three months of 2011, down from $310m last year.

The quarterly earnings figure was ahead of analysts' forecasts and sent Yahoo's share price 3.5% higher in after-hours trading on Wall Street.

The mixed progress report from Yahoo comes two years into chief executive Carol Bartz's attempts to revive growth at the company.

She told reporters that revenue would not rise to levels that Yahoo experienced before it struck the deal with Microsoft until the end of the year.

Her previous forecast was that revenues would pick up mid-2011.

Yahoo said it was continuing to make progress on efforts to expand into the fast-growing mobile internet market, and to increase the amount of video advertising on the site.

Net revenue, which excludes fees paid to partner websites, was $1.06bn in the first quarter, just higher than the $1.05bn average of analyst expectations but down 6% from the $1.13bn recorded a year earlier.

Ms Bartz said: "Our turnaround is proceeding on schedule, and we are very confident Yahoo is heading in the right direction."

Steve Weinstein, analyst at Pacific Crest Securities, said there were clear signs of improvements at Yahoo.

"The growth in their display business, when you peel everything back, continues to look good," he said.

This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/business-13139989

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marți, 19 aprilie 2011

Ireland given World Cup lifeline

Ireland could yet play in the 2015 World Cup after the International Cricket Council is asked to reconsider the composition of the competition.

This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://news.bbc.co.uk/go/rss/int/news/-/sport1/hi/cricket/13126463.stm

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The Obamas' income falls - but still reaches $1.8m

The Obama family in San Salvador last monthThe Obamas' last year made 34 times the median US household income
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US President Barack Obama and First Lady Michelle Obama made $1.8m (£1.11m) last year, mostly through sales of the president's books, tax returns show.

The couple's income dropped from $5.5m in 2009 and from $2.6m in 2008, a decline the tax documents attribute to slower book sales.

Mr Obama's salary as US president was $395,000.

They paid more than $500,000 in federal and state taxes and donated a total of $245,000 to three dozen charities.

The couple's tax returns, which list Mr Obama's profession alternately as "US president" and "author", were released by the White House on Monday.

Mr Obama wrote his 1995 memoir Dreams From My Father, a 2006 political book The Audacity of Hope and a children's book last year, Of Thee I Sing: A Letter to My Daughters.

The president benefited considerably from low tax rates on high earners enacted into law under his predecessor George W Bush; Mr Obama has pushed for those to be allowed to expire, saying the US cannot afford tax breaks for the rich at a time of high budget deficits.

The couple pay taxes in the US state of Illinois, where they own a home and lived before moving to Washington in January 2009.

The couple donated to three dozen charities. The largest gift, $131,075, went to the Fisher House Foundation, which provides humanitarian assistance to families of wounded US military personnel.

The US median household income is $52,049.

This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/world-us-canada-13124356

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luni, 18 aprilie 2011

60 years on

Gloster HillAbout 400 men fought until they ran out of ammunition on Gloster Hill

Veterans of the Gloucestershire Regiment are to return to Korea to mark the 60th anniversary of the Battle of Imjin River.

About 400 "Glorious Glosters" held out against 10,000 Chinese troops for three nights during the battle in April 1951.

It remains the bloodiest battle fought by British Forces since World War II.

Returning veterans will take part in a remembrance ceremony at the Gloster Valley Memorial at Solma-ri in South Korea on 23 April.

The battle, fought between 22 and 25 April 1951, was a pivotal moment in the Korean War.

About 4,000 troops of the British 29th Brigade, including about 700 from 1st Battalion, The Gloucestershire Regiment, faced more than 27,000 men of the Chinese 63rd Army.

About 400 Glosters fought a last stand on Hill 235, which was later renamed Gloster Hill.

The stand-off on Gloster Hill allowed time for UN forces to regroup and block the Chinese advance on the capital Seoul.

Glosters on patrol in South KoreaHundreds of Glosters were taken prisoner and spent more than two years in POW camps

Royston Mills, of the Glosters' A Company, fought on Gloster Hill and on nearby Castle Hill.

"These Chinese came over the top [of a hill]," he recalled.

"They [our officers] told us to go up and clear it. The officer said 'fix bayonets'.

"As we went in [a colleague] Spud Murphy opened up with a Bren gun. We went in to the bunker and as we went in the Chinese ran down the other side."

Tom Clough is one of the veterans of the Battle of Imjin River who will return to South Korea for the remembrance ceremony.

He served as a gunner with the Royal Artillery which was attached to the Glosters.

He said he witnessed the dropping of napalm on the enemy lines.

"That's something that always stands out in my mind, the Chinese getting hammered by napalm because it's a terrible weapon," he said.

Graphical model of Battle of Imjin River battlefield

Peter and Dan Snow explain the Battle of Imjin River. (Clip from BBC's 20th Century Battlefields: 1951 Korea)

"The screams that came from those Chinese still ring in my ears to this day."

Despite their stand, the Glosters eventually ran out of ammunition and, being surrounded, had no choice but make a break for it, to try to get back to friendly lines.

They had started the Battle of Imjin River with 700 men but few avoided death or imprisonment.

Fifty-nine were killed and nearly 600 were taken prisoner. Thirty-four died in captivity.

Prisoners remained in POW camps for more than two years until after the armistice was declared in July 1953.

Although a ceasefire was agreed the two sides have never signed a peace treaty meaning North Korea and South Korea are officially still at war.

BBC Imjin60 graphic

For their heroic stand during the Battle of the Imjin River, the Glosters were given the Presidential Unit Citation - the highest American award for extraordinary heroism and collective gallantry in battle.

Two Victoria crosses were also awarded for acts of heroism in the battle. The Korean War was the first significant armed conflict of the Cold War but 60 years on it is largely ignored.

Eight veterans from the Gloucestershire Regiment will join other British and United Nations Korean War veterans to attend the ceremony at Solma-ri to remember those who were killed.

Bugler Tony Eagles said: "We are the lucky ones. We came away from it. We're still alive sixty years on.

"What I want to remember is the chaps that didn't come back with us. They were all good blokes, every one of them."

This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/uk-england-gloucestershire-12821182

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Polar bear Mercedes put to sleep

Polar bear MercedesMercedes arrived at the park from Edinburgh Zoo in 2009

Mercedes the polar bear has been "put to sleep" after a "recent rapid deterioration in her welfare", the Royal Zoological Society of Scotland has announced.

The 30-year-old female bear was moved from Edinburgh Zoo to a new, larger enclosure at the Highland Wildlife Park near Aviemore two years ago.

She had been suffering severe arthritis which was treated with painkillers.

The RZSS said it was "with great sadness" that it announced the death.

Mercedes was captured after being rescued from being shot in Canada in the early 1980s and added to the animal collection at Edinburgh Zoo. She was relocated to the park at Kincraig in 2009.

This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/uk-scotland-highlands-islands-13094316

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Dear Diary

Moya WoodsideMoya Woodside, whose diaries were part of the Mass Observation project

Mass Observation, a project established in 1937, asked hundreds of volunteers, including five from Northern Ireland, to keep diaries describing their everyday lives.

The project welcomed thoughts on all subjects: politics, friendship, reading habits and dreams. But, with the outbreak of war in 1939, everything changed.

Five diarists from Northern Ireland provide vivid first hand accounts of the war years here: the black-outs, food rationing, curfews and, most powerful of all, descriptions of the blitz of Belfast in Easter 1941.

Now to mark the 70th anniversary of the Belfast Blitz, BBC Radio Ulster opens the diaries of these local Mass Observation volunteers for the first time to discover the hopes and fears of people here during wartime.

It was in a specially air conditioned room in the University of Sussex, where the temperature is maintained at a constant 13C, that I finally got to see a collection of notebooks, journals and scraps of paper - some over 70 years old - which contained a people's history of a world at war.

“This morning it was good to be alive and I enjoyed every crumb of breakfast.”

Doreen Bates Civil Servant

In 1937, volunteers were invited to take part in a nationwide experiment. By keeping journals of their everyday lives and posting their reports to an address in London, their observations, great and small, would be used to paint a picture of contemporary life.

The project was called 'Mass Observation'.

Five diarists from Northern Ireland took part: Samuel Harrison, a 19-year-old student from Armagh; RW Reynolds, a classics teacher from Coleraine Inst; FH McNaughton, a landowner from Bushmills; Moya Woodside, a health inspector from Belfast, and Doreen Bates, a civil servant.

RW Reynolds was among Mass Observation's first flush of recruits. And on 12 May, 1937, he filed his account of listening to the Coronation of King George VI on a wireless at the home of his wife's parents.

"The introductory homage was boring to me," he notes. "The King's speech too long. Comments on his voice and impediment were general and sympathetic. Pity it wasn't Edward, all the same. He's very popular."

By the end of the decade Europe was at war. And in Armagh, Samuel Harrison was posting powerful accounts of his changing world.

Samuel HarrisonSamuel Harrison, a student from Armagh

Samuel wrote: "We climbed up to an old fort, one of seven guarding the Navan Fort (near the town) in ancient times.

"Everything was very quiet and it was strange to think that once people had fought here for some cause worth more than life to them, just as people were fighting at present in Germany and Poland.

"Now the fort was deserted and peaceful, (just as the battlefields of Europe will be someday), and the cause fought for there is forgotten."

But it is the diaries of two women which provide the most vivid accounts of wartime Northern Ireland.

Moya Woodside was a health worker based in the university area of south Belfast. From 1940 through to the end of the war she wrote daily detailed reports on how everyday life had been transformed by the onset of war: the rationing, the black-out, the travel restrictions and the censorship.

And then, at Easter 1941, bombs fell on the city. Her husband, a surgeon, rushed to the hospital while Moya sat alone and afraid in the basement of her home at Elmwood Avenue.

Across town, at Sydenham, a civil servant from London had rented rooms at Victoria Road. Within weeks of her arrival in March, the blitz had begun.

Having weathered air raids on London, Doreen Bates was critical of Belfast's unreadiness for attack and coolly describes the sensation of being bombarded by wave after wave of German bombers.

Doreen BatesDoreen Bates, a civil servant from London

She wrote: "Several times the bed swayed like a cot being rocked; doors and windows rattled; shrapnel patted on the shed roof outside; I could see again the glare of fires.

"The most nerve-wracking thing to me was when the Germans glided in silently and the only sound was the crump of bombs.

"I went over poems in my head - they seemed even lovelier and more permanent in that inferno. Having exhausted those I could remember I went on to hymns and psalms, but I could remember fewer of these.

"This morning it was good to be alive and I enjoyed every crumb of breakfast."

The Mass Observation diaries are a snapshot both of the events that shaped our history, and the social mores of the age.

In a time before tweets and blogs, they provide an unvarnished spontaneous account of a world in the throes of dramatic change.

To get to see them up close, immaculately preserved and cherished at the University of Sussex, was to be afforded a glimpse into another world, an unforgettable experience.

Dear Diary is on Radio Ulster, Sunday 17 April at 1330 BST.

This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/uk-northern-ireland-13094517

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duminică, 17 aprilie 2011

The Betrayal of Bnter

We filmed this week's Ask a VC on Tuesday, and I started out by asking Bijan Sabet of Spark Capital about the danger of venture capitalists investing in competitors. There was no ulterior motive on my part. It's just a question I've seen coming up increasingly as dealmaking heats up and VCs invest across a bigger variety of company stages than ever before. And, I'd recently seen that Sabet did write a blog post on the topic. Little did I know then the big drama that had been brewing between Spark and two competitive companies behind for months. Not investing in competitors of existing portfolio companies is great. Even better? Not offering one a term sheet after months of due�diligence�before you decide that they're competitive. TechCrunch has learned from three sources that Spark Capital reneged on a termsheet offered to a New York-based startup called Bnter,�throwing the company into tumult and reportedly enraging its well-known angel investors who we've heard include Chris Dixon and Ron Conway.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/dla7tNVcRto/

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