NEWS CONVERGENCE
Feature •
• TOP STORIES --
March 27 -- April 1
•
• PAUL ALLEN SELLS DreamWorks Shares
•
• Paul Allen,
Vivendi and Lee Entertainment will sell $500
million worth five months after IPO
•
• DreamWorks
Animation SKG Inc., creator of the "Shrek" films,
said shareholders including Microsoft Corp.
co-founder Paul Allen planned to sell $500 million
of stock five months after the company issued stock
to the public.
•
• Allen, Lee
Entertainment and Vivendi Universal will sell
shares after the May 27 release of the film
"Madagascar," Glendale-based DreamWorks Animation
said in a filing Monday with the Securities and
Exchange Commission.
•
• Allen, 52, is
taking advantage of an almost 40% increase in
DreamWorks Animation's shares since the company's
October initial public offering. The gain comes
amid declines in some of the billionaire's other
investments, including cable television companies
Charter Communications Inc. and RCN Corp.
•
• "I don't think he
had intended to be a long-term holder when he made
his investment in DreamWorks," said Marla Backer,
an analyst at Soleil Securities Group Inc. in New
York. MORE
ABOUT SALE •
• Google Adds two Gigs E-Mail Capacity •
• Google Inc.
doubled the capacity of its e-mail in-boxes as the
online search giant ups the ante in its fight with
Microsoft Corp. and Yahoo Inc. for the loyalty of
Web surfers.
•
• Google plans to
give users of its Gmail service 2 gigabytes of
storage for messages, digital photos and other
attachments. It plans to continue expanding the
limit as fast as technology allows, a Google
executive said.
•
• Many people, of
course, will never come close to storing that much
data. But a Google executive said that some users
had hit the threshold or come close and that many
more are using Gmail to send themselves photos and
other digital files that they want to access from
other computers.
•
• The Mountain View,
Calif.-based search giant disclosed Wednesday that
it planned to spend $500 million this year on
computers and other equipment, a 57% jump from last
year, to offer new services.
••
• $11.3-Billion Buyout of Softward SunGard by
Investment Group •
• A group of
investment firms banded together to take a major
software company private in an $11.3-billion deal
-- one of the largest leveraged buyouts in history,
and a sign of how big-money investors increasingly
are looking for ways to boost their returns as the
stock market struggles.
•
• SunGard Data
Systems Inc. of Wayne, Pa., said it agreed to be
bought by a consortium of seven investment firms,
including Silver Lake Partners, Kohlberg Kravis
Roberts & Co. and Blackstone Group.
•
• Menlo Park,
Calif.-based Silver Lake Partners, which initiated
the SunGard deal, said it planned to continue
investing in the company to fuel growth.
•
• Hewlett-Packard
Taps NCR Executive as CEO
•
• Hewlett-Packard
Co. named NCR Corp. Chief Executive Mark Hurd to
head the storied computer and printer maker as it
struggles to compete in an industry it helped
create.
•
• Hurd, 48, was a
surprise choice. His hiring came seven weeks after
HP's board ousted chief Carly Fiorina over
dissatisfaction with her "execution" after the
acquisition of Compaq Computer Corp. that she
engineered two years ago.
•
• Hurd will receive
$1.4 million a year and a $2-million signing
bonus.
•
• HP directors said
they chose Hurd, in part, because of the structural
similarities between HP and NCR, even though HP's
$80 billion in annual sales dwarfs NCR's $6
billion. NCR makes automated teller machines for
banks, cash registers and point-of-sale devices and
sells to a variety of customers.
•
•
• Gasoline, Oil Prices Again Set Records •
• Gasoline prices
hit a new high in California on Friday as crude oil
futures cruised into record territory on Wall
Street.
•
• The statewide
average pump price for regular gas led the nation
at $2.45 a gallon, according to the AAA fuel price
monitoring service.
•
• At the New York
Mercantile Exchange, crude oil for May delivery
jumped $1.87 to $57.27 a barrel -- eclipsing the
record of $56.72 set just two weeks ago.
•
• The skyrocketing
prices are affecting sales of once-popular giant
sport utility vehicles that have helped prop up the
nation's biggest automakers, according to March
sales data.
•
• Overall passenger
vehicle sales were up 4.6% from a year earlier, but
sales of traditional truck-based SUVs were down
about 14%.
•
• The surge in oil
prices is being driven by fears of future shortages
as demand continues to rise even in the face of
record pump prices, analysts say. Demand for
gasoline is up 2% this year.
•
• Nationally,
regular gas rose to an average of $2.16 a gallon,
up from $1.75 a year ago, according to the AAA. •
• Economy Adds Only Half the Jobs Expected •
• The economy
generated a net 110,000 new jobs in March, the
fewest in eight months, the Labor Department
said.
•
• That's
significantly below the level needed to keep up
with population growth. Economists had been
expecting a net gain of 210,000 payroll
workers.
•
• Weak employment
growth keeps a lid on wages. That keeps inflation
in check and makes it less likely the Federal
Reserve will, as some feared, bump up interest
rates quickly rather than slowly.
•
• However, a slack
labor market isn't good for employees, who have too
much competition for their jobs to demand higher
wages.
•
• The March
unemployment rate fell to 5.2% from 5.4% in
February. The rate is calculated by asking
households about their employment status. According
to this survey, the number of workers increased by
a net 357,000. •
• Weinsteins Miramax Leave Disney •
• Walt Disney Co.
and Miramax Film Corp. co-founders Harvey and Bob
Weinstein agreed to part ways, ending a tumultuous,
12-year relationship.
•
• The divorce comes
after nearly six months of settlement talks and
weeks of last-minute legal wrangling.
•
• The Weinsteins
will leave behind the company they founded a
quarter-century ago.
•
• Harvey Weinstein
said he and his brother intended to create a "fully
integrated media company," temporarily called the
Weinstein Co., that would encompass movies, TV, the
Internet, publishing, theatrical shows and a cable
movie channel.
•
• Disney will retain
Miramax's most valuable asset -- a library of about
550 movies. Disney also retains the right to
co-finance at least 25 films produced by the
Weinsteins' new company. •
• J.C. Penney May Receive Buyout Offer •
• Speculation that
two investment firms have joined forces to bid for
J.C. Penney Co. prompted shares of the 100-year-old
retail icon to rise more than 8% on Thursday.
•
• An acquisition of
the nation's No. 2 department store chain would
mark the third blockbuster retail deal this year.
And with a purported price tag of as much as $18
billion, a sale of Penney would be the
second-largest leveraged buyout ever.
•
• Women's Wear Daily
first reported that Cerberus Capital Management and
Carlyle Group were considering making an
unsolicited offer for Plano, Texas-based
Penney.
•
• Penney declined to
comment on the report but indicated in a statement
that it had no great desire to be
acquired.
•
NEWS • Convergence - 23rdWeek of 232005 "City
of Lights & Wireless Telepathy", by 3D
surrealist artist, Thomax Hicks -- Centuries
before electricity and the wireless telephone
became part of the old world, and 600 years after
Thomax's ancestors came to America, this masterful
Surrealism Painting and its limited edition prints,
(12"x24") -- pictures a vividly detailed
story that unwinds the life for the three souls of
mankind, man, woman and God. The three souls are
linked together with the heart of the matter,
stones.
- More Story
• 107
ThomaX 3D Art - "City of Lights & Wireless
Telepathy
Will
It Be A Webcast or Podcast? - Webcast Pioneers
Smart90, LookRadio, Xingtv and tvinews.net agrees
with experts, that watching or listening to a
little handy with a TV screen, is the future of
personal wireless entertainment. -
More
Story
• 102
Will It Be LookRadio, Webcast or
Podcasting?
Oxytocins, Hugs,
and a Smile Brings Immediate Cash -- say people
close to the Zurich trust study
23 Week 2005
/ Trust and
money is not only built on a smile, ahugs and a few
glesses of wine, it's built on Oxytocin, a
neurochemical that can be distilled into a nasal
spray and shot throught an airconditioning system,
that can be utilized to help ease the natural
suspicion of
strangers.
- More Story
• 109
Oxytocin Hugs & Trust.htm
TVInews
Celebrity Scene - Visiting the Movie and Art World
of Elke Sommer. To millions of fans she's a
legendary Movie Star, to the collector's of her art
-- she's a realist.
-
More Story
• 107
The World Of Elke Sommer
We Preserve The
Moment Yes90
tviNews S90 YesterWeek01-22
/ Spring Issue 2005 March to
June
• YesterWeek0512Spring
/
Television
International Magazine's Person Of The
Week POWeek •
012006
- / NEWS
Convergence - 1ST Week of 2006 Winter
Issue
/ Feature Story / •
tvimagazine/2005/spring.htm
/
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