The Artesian Blog takes a look at the business headlines:
BA set to face protesters at AGM - British Airways is to face protests by angry workers at its AGM, amid cost reduction plans including pay cuts.
A Unite union letter to shareholders says the planned changes are "misguided" saying BA does not offer "cheap labour on short term contracts". (full story)
Spending cuts on search ads to rise - Cuts in spending on search engine advertising are accelerating even as the rate of decline in overall marketing outlay slows, according to a report by the Institute of Practitioners in Advertising.
The IPA’s Bellwether report for the second quarter of this year found that the scale of cuts in UK marketing budgets had eased for the second consecutive three-month period. But the survey of marketing executives, released on Monday, showed that budgets were still being severely cut, with marketing spending expected to hit a 15-year low in 2009. (full story)
Facebook gets $6.5 billion valuation with share sale - Facebook netted a $6.5 billion valuation for its common shares on Monday, further underscoring the fast-growing Internet social networking site's high rank among technology and media industry heavyweights.
Russia's Digital Sky Technologies said it will pay $14.77 a share for Facebook common stock, boosting its stake to as much as 3.5 percent and valuing Facebook at about $6.5 billion. (full story)
Canterbury sports calls in administrators - Canterbury, best known for its rugby shirts, has placed its European arm into administration with the loss of 72 jobs in the UK.
Canterbury Europe, based in Stockport, sponsored rugby union and rugby league teams in including the Scottish national team, Leinster, Cardiff and London Wasps. It also sponsored Portsmouth Football Club, Lille and Yorkshire and Hampshire cricket clubs after expanding into others sports. (full story)
Microsoft in free software assault on Google - Microsoft on Monday escalated its battle with arch rival Google, reacting to an assault on one of its core businesses with the announcement of a free online version of its widely used Office software, to be launched next year.
While likely to take only a small bite out of Office revenues in the short term, the move represents one of the most radical steps yet by Microsoft as it tries to refocus its software business around the internet, according to analysts. (full story)
0 comments:
Post a Comment