Microsoft and News Corp eye web pact
ft.com — Microsoft has had discussions with News Corp over a plan that would involve the media company’s being paid to “de-index” its news websites from Google, setting the scene for a search engine battle that could offer a ray of light to the newspaper industry. (Submitted by Barbrady) More...
Walmart eyes urban expansion in US
ft.com — Walmart has stepped up efforts to mobilise local political support for new store openings in US cities and urban areas that were last month identified as a growth priority for the retailer by Mike Duke, its chief executive. (Submitted by anderzole) More...
Wanted: New Model for Markets
ft.com — If the theory needs to be abandoned, the effect on investing will be profound. More important still is what will come to replace it. Efficient markets borrowed from mathematics but that is now widely regarded as an oversimplified and often downright misleading theory that fostered the cavalier confidence leading to the crash. (Submitted by hantata) More...
Adopted Chinese daughters seek their roots
ft.com — China has invited thousands of foundlings back to their birthplaces for government-sponsored “homeland tours” which, like last year’s Beijing Olympics or next year’s Shanghai World Expo, give the country a chance to show off to the world. (Submitted by ulb1963) More...
Staggering percentage of food produced simply thrown away
ft.com — In one day, a grocery store can easily throw out enough to feed 100 people. "By the time I left school, I had learnt that I could live off the food being thrown away by supermarkets and other retailers. But it wasn’t until university that I understood the true scale of the waste." (Submitted by naturalpapa) More...
Advertisers Reeling from Shifts to Digital & Social Media
ft.com — Not only are worldwide advertisers/ad agencies suffering from the economy but the quickening transition to digital & online advertising -- and the role of social media in upsetting conventional advertising assumptions -- is causing a major meltdown & restructuring. (Submitted by openthink) More...
India plans green reform with own EPA
ft.com — India is planning a radical overhaul of its environmental regulation to improve long neglected standards of compliance as it scrambles to protect fast-degrading natural resources. According to Jairam Ramesh, environment minister, the Congress party-led government plans to set up an Environmental Protection Agency, modelled on that of the US. (Submitted by naturalpapa) More...
Banks make $38bn from overdraft fees
ft.com — US banks stand to collect a record $38.5bn in fees for customer overdrafts this year, with the bulk of the revenue coming from the most financially stretched consumers amid the deepest recession since the 1930s, according to research. The fees are nearly double those reported in 2000. (Submitted by hdar3415) More...
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