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Microsoft is one step closer to adding Skype to its lineup. On Friday, the European Commission approved the software giant's $8.5 billion acquisition of the voice-over-Internet communications company.
The U.S Federal Trade Commission approved the purchase in July, and the company awaits decisions from regulators in the Ukraine, Russia, Serbia and Taiwan.
'Not Significantly Impede' Competition
The European decision was handed down by the commission official in charge of competition, Joaquin Almunia.
A Skype competitor in Italy, Messagenet, had asked the commission to block the sale unless the Skype user network was opened to other companies, but the request was not granted.
In a statement, Almunia said the "deal would not significantly impede effective competition in the European Economic Area." The commission's investigation found the two companies already overlap in video communications, considering that Microsoft offers such capabilities through its Live Messenger and other products. It also found that this media communications market is growing and has "numerous players," including Google.
For enterprise communications, the agency also found that Skype's presence is limited and does not compete with Microsoft's Lync enterprise communication product.
One question addressed was whether Microsoft might downgrade Skype's interoperability with other software, or if Microsoft would integrate Skype with its widespread Windows operating system, creating market advantages others could not match.
On the first matter, the commission found that Microsoft would have no incentive to diminish Skype's interoperability, since it's to the advantage of the Skype brand that it be available via as many partners and platforms as possible.
124 Million Registered Users
Concerning whether Microsoft could integrate Skype with Windows, as it had been accused of doing with its Internet Explorer browser, the commission reasoned that most users can readily download a version of Skype if they want, and that most users who buy a PC with Skype pre-installed are already registered Skype users.
In one obvious area of growth for Skype, enterprise markets, the commission determined Microsoft does not have an advantage, and already faces strong competitors such as Cisco.
Assuming it has the all the necessary governmental approvals, Microsoft has said it intends to create a separate Skype business division, with the current CEO, Tony Bates, as the head. The plan is to integrate Skype and its huge user base into the Lync VOIP Platform, Messenger, Hotmail, and Xbox Live. The Redmond, Washington-based company has also said it will continue to offer Skype clients on non-Microsoft platforms.
Skype was founded in 2003 by Niklas Zennstrom and Janus Friis, and it has about 124 million registered users. It is the largest Internet communications company, but has had difficulty becoming profitable. eBay bought the company in 2005 for an estimated $2.6 billion, but then sold it to an investor group last fall for an estimated $2 billion.
Source: http://us.rd.yahoo.com/dailynews/rss/internet/*http%3A//news.yahoo.com/s/nf/20111007/tc_nf/80512
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WASHINGTON (Reuters) ? U.S. legislation to press China to revalue its currency narrowly cleared a Senate procedural vote before a formal vote later on Thursday but it faced stronger opposition in the House of Representatives.
The bill passed a "cloture" vote ending debate by a margin of 62-38 -- two votes more than the minimum required support of 60 and an erosion of support from a 79-19 vote on Monday.
Senate Majority Leader Harry Reid said after the vote he hoped to finish action on the bill later in the day.
The Currency Exchange Rate Oversight Reform Act of 2011, is the newest version of nearly annual legislative efforts to pressure China on currency policy since 2005.
It has gained support from many lawmakers alarmed at high unemployment ahead of U.S. elections in 2012.
But it has drawn warnings from Beijing that it could trigger a trade war, and the White House voiced concern the measure, which calls for U.S. duties on imports from countries with deliberately undervalued currencies might conflict with international trade rules.
A Senate vote to pass the bill later on Thursday would send the bill to the Republican-controlled House.
House Speaker John Boehner on Thursday reiterated his opposition to the bill, calling it "wrong" and "dangerous" because it posed the risk of retaliation from China that could spiral into a trade war.
Many economists say China holds down the value of its yuan currency to give its exporters an edge in global markets. China says it is committed to gradual currency reform and notes that the yuan has risen 30 percent against the dollar since 2005.
(Additional reporting by Andy Sullivan and Donna Smith; Writing by Paul Eckert; Editing by Andrea Ricci)
Source: http://us.rd.yahoo.com/dailynews/rss/china/*http%3A//news.yahoo.com/s/nm/20111006/ts_nm/us_usa_china
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It looks like Apple's making good on its promise to standardize its charger port for EU territories. Behind all the big hitters announced by Apple today, an official micro-USB adapter has shuffled into the UK's online store in a very typically English way. Sure, there have been third-party options for a while, but this one's the real deal and looks set to go on sale on October 14th, alongside the newly crowned iPhone 4S. We hope and expect that this will come packaged with Apple's latest phone in Euroland -- but on the off-chance that it doesn't, we'd question whether charging an extra £8 obeys the spirit of the regulation.
[Thanks, Cameron]
Official iPhone micro-USB adapter quietly sneaks into UK Apple Store originally appeared on Engadget on Tue, 04 Oct 2011 16:45:00 EDT. Please see our terms for use of feeds.
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Owning a structured settlement or an annuity can be a great leverage for your financial future. It is like getting a fix monthly allowance which you can easily use for any necessities you might have. It is in this cause why courts allow the procedure of structured settlements for payment of lawsuits becoming filed. Defendants are not obliged to create the lump sum quantity as payment towards the claims filed by the plaintiff because the payment is in deferred mode via structured settlements. For the point of view of the plaintiff, getting structured settlements is really a monetary stability that will be very beneficial within the lengthy run.
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Source: http://article-heaven.us/2011/10/04/the-facts-about-selling-structured-settlements/
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BOSTON (Reuters) ? Republican presidential hopeful Mitt Romney on Monday said that a racial slur that was once the nickname for a West Texas hunting camp leased by rival Rick Perry was "offensive."
The former Massachusetts governor made the comment in an interview on the Sean Hannity Show, a program hosted by the conservative talk radio host.
"I think it's offensive. I think most people think it's offensive," Romney said, declining to comment further.
Romney was the second Republican candidate to comment on the firestorm that has erupted over the hunting camp used by Perry.
Herman Cain, a black businessman also running for the 2012 Republican nomination, on Sunday termed Perry's handling of the matter "insensitive.
The Washington Post reported that the hunting camp's informal name when Perry started using the property in the 1980s had been "Niggerhead," which was painted in block letters across a large rock at the gate.
When asked about the name, which is now painted over, Perry said the word on the rock was an "offensive name that has no place in the modern world."
At issue was when the rock was painted over: in 1983 or 1984, as Perry recalled, or much later, as several of those interviewed by the Washington Post said.
(Reporting by Ros Krasny; Editing by Eric Walsh)
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Being extremely well organized, termites are capable to finding their way inside all kinds of building structures. To counter this problem of people, Terminix offers modern and advanced method of termite treatment that can effectively protect multi-family units as well as condominiums as well. Regardless of the kind of construction of your building or the kind of foundation it has been built on, termites are able to attack the building, concealing them in special shelter tubes. Since they are known to work from inside out, it becomes extremely difficult to see a visible sign of infestation till the damage has been done.
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If you are planning to live in the same house for a long time, it would be a good idea to get the Terminix Termite Treatment bond for your home. Under this bond, terminix guarantees to solve all your termite related issues in future once the first treatment has been completed. Besides this, terminix also provides damage guarantee to ensure that you are on the safe side in case the termite reappear in your home.
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