BP decided to get rid of its 50% stake in its Russian joint venture TNK-BP holding. It appears a Russian state firm has come forward in an unsolicited approach to buy BP’s stake, just weeks after Putin came back to power as Russia’s new old president. Almost a third of BP’s oil production was captured in its 50% stake, but we guess BP’s workers had to go through too many unsolicited Russian office raids, also known as legal battles with their Russian partners. This venture represented one of the largest foreign investments ever made in Russia, so it’s kind obvious this was not going to last for very long. But good news is that BP plans to use the money from the sale, which is currently estimated to be $30bln, to clean up the mess they created during the 2010 Gulf of Mexico oil spill. Let’s hope so!
Prosecutors at the Manhattan District Attorney’s office are still trying to pressure Twitter into revealing twitter messages posted by Occupy Wall Street protester Malcom Harris, and Twitter has now new allies in its defense, supporting the argument that such measures would infringe upon his rights to free speech and privacy. There is also the fear that if the judge accepts the District Attorney’s subpoena, it will effectively undermine a basic characteristic of Internet communication: namely that it is the author, that is responsible for his or her own content, and not the company that is providing the platform for communication.
A mistrial has been declared in John Edwards case, after he was accused of misusing his campaign money. The jury in North Carolina found him guilty on one of the six charges and could not agree on the other 5 charges. While his poor wife was succumbing to cancer, it appears John Edwards campaign money was being used to cover up his affair with mistress Rielle Hunter, who also bore him a child. John Edwards apparently did not know about the money, which paid for the cover up and private jets, hotels and medical care for mistress Rielle Hunter.
No more over sized sugary drinks in New York! Sais Mayor Bloomberg. In a new attempt to make New York’s obese population skinnier and healthier, Mayor Bloomberg proposed to ban the sale of large 16oz sodas and other sugary drinks at restaurants, movie theaters and street carts. This new law would not apply to diet sodas, fruit juices, milkshakes, or alcoholic beverages. Obviously the New York City Beverage Association is not happy with this idea, but don’t worry, if this campaign find success, Burgers will be next!
BP decided to get rid of its 50% stake in its Russian joint venture TNK-BP holding. It appears a Russian state firm has come forward in an unsolicited approach to buy BP’s stake, just weeks after Putin came back to power as Russia’s new old president. Almost a third of BP’s oil production was captured in its 50% stake, but we guess BP’s workers had to go through too many unsolicited Russian office raids, also known as legal battles with their Russian partners. This venture represented one of the largest foreign investments ever made in Russia, so it’s kind obvious this was not going to last for very long. But good news is that BP plans to use the money from the sale, which is currently estimated to be $30bln, to clean up the mess they created during the 2010 Gulf of Mexico oil spill. Let’s hope so!
Prosecutors at the Manhattan District Attorney’s office are still trying to pressure Twitter into revealing twitter messages posted by Occupy Wall Street protester Malcom Harris, and Twitter has now new allies in its defense, supporting the argument that such measures would infringe upon his rights to free speech and privacy. There is also the fear that if the judge accepts the District Attorney’s subpoena, it will effectively undermine a basic characteristic of Internet communication: namely that it is the author, that is responsible for his or her own content, and not the company that is providing the platform for communication.
A mistrial has been declared in John Edwards case, after he was accused of misusing his campaign money. The jury in North Carolina found him guilty on one of the six charges and could not agree on the other 5 charges. While his poor wife was succumbing to cancer, it appears John Edwards campaign money was being used to cover up his affair with mistress Rielle Hunter, who also bore him a child. John Edwards apparently did not know about the money, which paid for the cover up and private jets, hotels and medical care for mistress Rielle Hunter.
No more over sized sugary drinks in New York! Sais Mayor Bloomberg. In a new attempt to make New York’s obese population skinnier and healthier, Mayor Bloomberg proposed to ban the sale of large 16oz sodas and other sugary drinks at restaurants, movie theaters and street carts. This new law would not apply to diet sodas, fruit juices, milkshakes, or alcoholic beverages. Obviously the New York City Beverage Association is not happy with this idea, but don’t worry, if this campaign find success, Burgers will be next!