NewsBusiness
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Zuckerberg Establishes $100 Million Education Fund
BusinessNews Sep 23, 2010, by Danny WoolOn Friday, Facebook founder Mark Zuckerberg will appear on the Oprah show to announce the establishment of a $100 million fund to improve education in America. His focus will be Newark, New Jersey, the struggling city just across and down the river from where he grew up in Manhattan. Newark Mayor Cory Booker will announce that he is attempting to find donors to match the donation, for a $200 million boost to the struggling school system.
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The Job Is Hurd’s
Business Sep 21, 2010, by Danny WoolFormer Hewlett Packard CEO Michael Hurd, forced to leave the company following a since discredited sexual harassment complaint, can take the helm at Oracle, after an agreement has been reached between the two companies and Hurd. According to the agreement, Hurd must give up $14 million in restricted stock that was part of his severance package. He gets to keep $12.2 million in severance pay, and is currently selling another $30 million in stock that came with his severance package.
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Facebook Denies Planning a New Phone
BusinessNews Sep 20, 2010, by Danny WoolFacebook denies claims made on Saturday that its latest project is a cheap phone, to compete with the iPhone and Droid. According to reports, Facebook has two people working on the project. Facebook responded by saying that “Building phones is just not what we do.”
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Police Lambaste Mayor for Anti-Gang Reorganization Efforts
BusinessLocalNews Sep 20, 2010, by Danny Wool
On Sunday San Jose eliminated its 21-officer Violent Crime Enforcement Team, an elite unit devoted to combating gang activity in the city. City and police officials quickly picked sides in the ensuing fracas, with the San Jose Police Officers Association taking out a full page ad in the Merc on Sunday to condemn the decision.
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Local PR Firms Assisting PG&E
BusinessNews Sep 13, 2010, by Danny WoolSeveral local PR firms have taken up the case of PG&E, and are advising them on how to relate to the public, especially in the wake of the BP PR disaster in the Gulf. All of them are advising PG&E to be as transparent as possible as they communicate the facts with the public, and to show sincere sympathy for the victims.
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HP to Buy ArcSight
Business Sep 13, 2010, by Silicon Valley NewsroomThe acquisition comes immediately in the wake of the purchase of 3Par for $2.35 billion, after a tense bidding war with Dell. HP will pay $43.50 a share for ArcSight, 24 percent higher than the stock’s closing price on Friday. Observers are suggesting that the recent acquisitions signal a trend in HP to expand its core operations beyond personal computers and printer ink.
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Moffett Field Cited as 2020 Expo Contender
BusinessNews Sep 13, 2010, by Silicon Valley Newsroom 2 Comments
On a visit to the Shanghai World’s Fair, Governor Arnold Schwarzenegger proposed the abandoned Naval Air Station at Moffett Field as the ideal site for the 2020 Expo. Situating the event in the heart of Silicon Valley would showcase the importance of scientific innovation and technology to the modern world, Schwarzenegger told his hosts.
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Bringing the World to Silicon Valley
BusinessNews Sep 09, 2010, by Danny WoolGovernor Arnold Schwarzenegger is in Shanghai this week, hoping to drum up some business for California. Sure, all the jobs and innovations are moving West to the Far East, but he wants to reverse that trend and have Silicon Valley host the 2020 World Expo. To win it though, means Silicon Valley will be competing with Houston, New York, and even Los Angeles.
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Google Starts Guessing
Business Sep 09, 2010, by Danny WoolGoogle has been rolling out its latest feature, Google Instant, to some pretty hilarious results. The new feature guesses what you are probably searching for, based on some top secret algorithm that God himself couldn’t figure out, but one can only assume has to do with the popularity of searches. Justin Bieber fans, beware.
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Former HP Chief Mark Hurd to Head Oracle
Business Sep 07, 2010, by Danny WoolMark Hurd, who was forced to resign as head honcho at Hewlett Packard last month, has taken on a new position as president of Oracle. The move was made possible with the resignation of Oracle’s former president, Charles Phillips.
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