Wednesday, April 18, 2007

Bell Canada Enterprises (BCE), one of Canada’s largest telecommunications companies, announced Tuesday that it is in talks with a consortium of Canadian pension funds to explore the possible sale of the company.

If successful in their bid, the consortium would take the publicly-traded company private, which would mean an end to the trading of BCE shares on the Toronto (TSX: BCE), New York (NYSE: BCE) and the Swiss (SWX: BCE) stock exchanges. BCE is one of the most widely held stocks in Canada.

BCE revealed that the potential takeover group includes the Canada Pension Plan Investment Board, the Caisse de dépôt et placement du Québec, and Canada’s Public Sector Pension Investment Board. Each of the pension funds involved have signed non-disclosure and standstill agreements with BCE. It was also revealed that New York-based private equity firm Kohlberg Kravis Roberts (KKR) would join the Canadian-led consortium as a minority partner.

“We are pleased to be a partner with this consortium of leading Canadian institutional fund managers and look forward to working closely together in this transaction.” said Henry Kravis, co-founding member of KKR. “Our experience in large, complex transactions of comparable size will be of significant value to this process,” continued Kravis.

BCE is also leaving the door open to rival bids, “taking into consideration the need to meet all legislative and regulatory requirements, including ensuring the Company remains Canadian to meet existing foreign ownership restrictions,” the company stated. In addition, BCE may retain the status quo if it does not receive a bid that it feels would enhance shareholder value.

One other pension fund that has expressed interest is the Ontario Teachers’ Pension Plan (OTPP). “We are pleased that this process is not exclusive and we will continue to review our options, including leading an alternative Canadian consortium,” said Jim Leech, Senior Vice-President, Teachers’ Private Capital. OTPP is currently BCE’s largest single shareholder, with an approximate ownership stake of 5.3 percent.

BCE, as Bell Canada, has been in business for 127 years. It provides phone service, satellite television, Internet access, wireless services, and other technologies to residential and business customers.

If analyst estimates are accurate, the sale of BCE could be worth about CA$32 billion or roughly $40 per share. On Tuesday, BCE shares were up CA$2.34 to close at $38.60 on the TSX, and up US$2.03 to close at $34.10 on the NYSE.

Tuesday, October 9, 2018

United States technology giant Google announced on Monday on their official blog they would be closing their Internet-based social network Google+ for individual use. They said this announcement followed several months of Google analyzing how Google+ is used, which showed a low rate of “usage and engagement” while the platform incurred a maintenance burden for maintaining its security. The platform would continue to be available for business use, according to the announcement.

According to the analysis, in 90 percent of cases, people reportedly used Google+ for less than five seconds at a time, Google said. The closure of Google+ would apply only to individuals who would have ten months to transition and be provided with information about how to retrieve their data from the service.

Ben Smith, a Google vice president for engineering, wrote in a blog post, “Given these challenges and the very low usage of the consumer version of Google+, we decided to sunset the consumer version of Google+.” Additionally, he announced Google is increasing security for its apps that ask for access to user data, giving the users the ability to select what is being shared.

In the announcement Google also referred to a vulnerability of the Google+ web site found in March, which had reportedly exposed the private data of up to 500,000 users. The data-exposure was reportedly minimal and limited to names, email addresses, occupation, gender, and age of the consumer. Other data like phone numbers, messages, Google Plus posts or data from other Google accounts are unexposed, the company had said. Google had resolved this problem. However, it was not announced to the public at that time, which caused some amount of public criticism. According to the official blog post by Google, this incident was indicative of the software maintenance effort and legal risks required to continue running the platform.

In the announcement, Google said in the future it would focus on services for enterprise and businesses.

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Monday, January 1, 2007

More bombs went off just after midnight (0500 GMT) on New Year’s Day in Bangkok, injuring eight people near a shopping mall where hours before a New Year’s Eve countdown was cancelled due to a string of six bombings earlier in the evening.

The first bomb exploded at a seafood restaurant on the Saen Saeb Canal near Pratunam Pier just seconds after midnight.

Three foreigners and two Thais were injured. One of the foreigners had her legs amputated by the blast, according to television and local newspaper reports. The foreign tourists were having dinner at the restaurant.

Police said the bomb was hidden in a tire at the pier.

A second bomb exploded in a telephone booth near a pedestrian bridge at CentralWorld, where thousands of people had gathered earlier in the evening for a countdown party and had been urged by authorities to leave the area and go home. Several foreigners were injured and rushed to hospitals.

Another bomb was found and disposed of without incident at Suan Lum Night Bazaar, another late-night venue for tourists.

A possible bomb was investigated at Buddy Bar, a popular music venue on Khaosan Road. It turned out to be a false report. Police had earlier closed the venue and other bars on the street frequented by backpackers, urging people to return to their hotels and guesthouses.

Earlier in the evening, bombs had gone off at six locations across the city, from about 6:00 p.m. to 7:30 p.m. Twenty-five people were injured and three later died at hospitals from their injuries. The biggest toll was at Victory Monument, where 17 people were injured, two of them dying from their injuries. Other targets were a police booth at Saphan Kwai intersection, where two people were injured, and a market in Khlong Toei, where three people were injured, one fatally. At Seacon Square shopping mall, a bomb was found in a trash can inside the mall and taken to the parking lot, where it exploded without injuring anyone. Police booths on Sukhumvit Soi 62 and in suburban Nonthaburi were also hit, but there were no injuries.

After the bombings, Bangkok Governor Apirak Kosayothin had ordered the cancellation of the countdown celebrations at Central World and Sanam Luang and other smaller ones.

“Due to several bomb explosions in Bangkok and for the sake of peace and security, I would ask all of you to return to your homes now,” Apirak told a crowd of around 5,000 people at CentralWorld. Most of the crowd dispersed quickly and calmly.

Army Commander-in-Chief General Sonthi Boonyaratglin ordered soldiers deployed around the capital. Security was intensified on the Metro and Skytrain rail systems. The Skytrain cancelled plans to run all night and closed at midnight as usual. Department stores closed early.

Prime Minister Surayud Chulanont visited victims at a local hospital. He appeared on television looking tense, telling reporters he didn’t know who was responsible for the attacks.

Surayud was appointed premier after a coup d’état on September 19 in which the military led by Sonthi ousted prime minister Thaksin Shinawatra.

The Nation newspaper quoted a “security source” as saying “the old power clique” was behind the bombing.

However, there is also the ongoing violence by Muslim separatists in the South Thailand insurgency, which has left 1,900 people dead since 2004.

Thursday, February 7, 2008

United Nations Secretary-General Ban Ki-moon has expressed concern about crises in Chad, Kenya, and the Sudan. The U.N. chief is recently back from Africa where he attended the African Union summit in Ethiopia and met with leaders in Kenya.

On rebel efforts to overthrow the government in Chad in recent days, the secretary-general welcomed an African Union initiative to have the leaders of Libya and the Democratic Republic of Congo mediate the crisis. He says the United Nations will do its utmost to help resolve the crisis, urging the Security Council to act swiftly to help bring an end to the violence.

“It has devastating consequences not only for the people of Chad and Darfurian refugees seeking shelter there, but also for Darfur itself,” said Ban.

Mr. Ban told reporters the situation in the neighboring Darfur region of Sudan is no less troubling. He says the deployment of the AU-U.N. peacekeeping force, known as UNAMID, must be sped up and urged member states to properly equip the troops.

“UNAMID still lacks required aviation and ground transportation – chiefly helicopters. Additional troops will not make up for this shortfall,” said Ban. “Those countries that called for intervention in Darfur are under special obligation to deliver on their promises.”

While at the AU summit, Mr. Ban says he discussed some of the outstanding issues affecting the deployment with Sudanese President Omar al-Bashir, and he expects the Status of Forces Agreement (SOFA) to be signed this week. But Mr. Ban remained vague on whether some of the agreement’s sticking points – such as night flights, land agreements, and advance notice of U.N. movements – had been settled.

On Kenya, Mr. Ban says he has been deeply engaged in the post-election crisis and told political leaders during his visit there that they bear particular responsibility for the future of Kenya.

“I stressed to all the Kenyan leaders the need to stop the unacceptable violence and killings, and to resolve their differences through dialogue and democratic process. I also appealed to all the political leaders to think beyond their individual interests or party lines and to look to the future of Kenya as one country,” he said.

Mr. Ban also met in Nairobi with his U.N. predecessor, Kofi Annan, who is leading the panel of eminent Africans trying to mediate the crisis, and said they discussed his roadmap for the talks.

Security of U.N. personnel in Africa and elsewhere has been high on the secretary-general’s agenda, especially in the wake of the December bombing in Algeria that killed 17 staff members. Mr. Ban announced that he is naming diplomat Lakhdar Brahimi to chair an independent panel on safety and security of U.N. personnel and premises. Brahimi is an Algerian, but Mr. Ban says he has no concerns about his fairness or objectivity in heading up the panel.

The time is 22:00 (UTC) on January 4, 2007, and this is Audio Wikinews News Briefs.

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Monday, July 2, 2007

A wildfire in the Ashley National Forest has been blamed for three deaths and has led to the evacuation of about 500 residents of the communities of Whiterocks, Farm Creek, Paradise and Tridell in eastern Utah.

The fire broke out on Friday, June 29 at around 9:00 a.m. local time in Duschene county, north of Neola by state route 121, and proceeded to spread westward into Uintah county.

To date, the cause of the wildfire is unknown. An early report by public safety officials claimed it was caused by a faulty power line or transformer. However, a later announcement by Moon Lake Electric Association CEO Grant Earl disputed this.

By Saturday morning, the fire had spread across approximately 46 square miles of land and been blamed for three fatalities: George Houston, his son Tracy Houston, and Roger Roberson, all from Farm Creek. Eleven year old Duane Houston, George’s grandson, was able to escape the fire with only minor injuries.

The communities of Whiterocks, Farm Creek, Paradise and Tridell, consisting of approximately 500 local residents, were evacuated by Sunday, and at least five homes are known to have been destroyed. Those without family or friends to provide lodging have been relocated to the Ute Indian Tribe’s auditorium in Fort Duchesne and Union High School in Roosevelt.

The Federal Emergency Management Agency became involved in the management of fire fighting efforts on Sunday, and a specialized regional wildland fire team, the Rocky Mountain Type One Management Team, had begun to converge on the Uinta Basin to assist with the firefighting, along with about 100 members of the Utah National Guard.

Reports that same day claimed the fire was 5% contained, but that it had split into at least two separate smaller fires. Authorities declared their intention to prevent the fire from moving eastwards into Dry Fork Canyon and the town of Tridell.

Monday, October 11, 2010

Wikinews interviewed author Amy Scobee about her book Scientology – Abuse at the Top, and asked her about her experiences working as an executive within the organization. Scobee joined the organization at age 14, and worked at Scientology’s international management headquarters for several years before leaving in 2005. She served as a Scientology executive in multiple high-ranking positions, working out of the international headquarters of Scientology known as “Gold Base”, located in Gilman Hot Springs near Hemet, California.