Posted on 09 February 2012.
Government Planning to Approve Google Merger
Google announced quite a while ago that they were planning and hoping to purchase Motorola’s mobile division and today it looks like that buyout has made another step in the right direction. Google has been waiting for official approval on the purchase for a while now and after significant debate the U.S. Justice Department seems to be prepared to officially approve the deal. Of course this is not the final step in the process but Google and Motorola are hopeful that this will definitely help move things along.
During the various public and private debates various groups have raised concerns regarding antitrust rules and possibly monopoly conditions. Google and Motorola have worked hard to prove that these are not the case and given today’s advancement it looks like they may have finally proven that nothing illegal is going on. Unfortunately given the way these deals usually work it will probably be a while longer before the deal goes through but it is good to see some actual progress.
This is good news for everyone because Google and Motorola are expected to become a very powerful company in the near future. Thanks to Motorola’s development and hardware capability and Google’s powerful Android system this could be the biggest step forward for smartphones and since the U.S. government seems to be prepared to approve the deal it is almost guaranteed to happen. Of course thins could still go wrong but at this point analysts all agree that the deal is probably going to go through.
Posted in Science & Technology
Posted on 02 September 2011.
New California Law Allows Companies to Be Socially Responsible
This week the state of California approved a new bill which will likely become a law that strives to achieve something that no other laws have done. The bill is the first of its kind in that it allows companies to be socially responsible regardless of what shareholders say or vote on. Previously shareholders controlled and could influence nearly any major corporation’s decision and legally the company was obligated to follow that vote but this new law will change all of that.
The so called social responsibility law is exactly what it sounds like; it is giving the power to companies to become socially responsible regardless of shareholder opinions. The idea is that it will convince companies to act in manners that benefit or help society and the environment even if it might mean slight losses for the company’s profit margin. Obviously this was often avoided before because shareholders cared much more about making money but now that they have been removed from the picture legally it is entirely up to the company itself.
No word on when exactly the law will be officially instated or completed but many are hopeful that it will in fact make a difference in terms of social responsibility. As always only time will tell if other states are going to follow suit but for now it is simply good to see that one major state in the United States has stepped up to the plate to allow socially responsible companies to prosper.
Posted in Society & Entertainment
Posted on 08 June 2011.
Billionaire Funds Two Dozen Entrepreneurs
Earlier this week a billionaire businessman, Peter Thiel, announced his selections for what he called his first group of prize winners in a unique and interesting fellowship award contest. Thiel is the billionaire founder responsible for Paypal and ever since he started the project he has been looking for other possible money making ideas; this is exactly where he got the inspiration for the fellowship.
Thiel’s idea was to select a group of 12 bright and motivated teenagers that had just graduated from high school and offer then $100,000 to invest in an idea they came up with rather than going to college. Thiel believed that simply working with a good business idea would likely be more successful for many of these individuals than wasting time in college.
So far none of the award recipients have spoken much about their planned ideas though Thiel and his team believe many of them could be incredibly successful. The purpose behind the fellowship was not only to help young bright entrepreneurs build a successful business but also to show people that a college degree is not necessarily important for many quick thinking potential business owners.
If within 2 years any of these entrepreneurs are successfully running their project Thiel will be giving them continued support and investments; regardless of success Thiel says he will be teaching all of these bright young entrepreneurs a very valuable lesson about entering a market and attempting to build a business out of just an idea.
Posted in Science & Technology
Posted on 27 May 2011.
New York Tech Companies Soar
Not more than a decade ago Silicon Valley was considered to be the heart of the technology based industry; recently however things have been changing and as a result many companies around the United States have started to see some benefit. Recently cities such as New York have become hotspots for technology startups and many analysts say this is a good thing for everyone involved.
According to many technology and news reports New York City alone is responsible for numerous new technology companies worth well over a few billion dollars. This is an astonishing feat for the city given how short of a time period the entire transition has required.
Fortunately for many technology entrepreneurs this is great news regardless of where they are located; many investment companies have begun to once again expand their horizons on technology investments and as a result companies from all over the country are seeing a steady increase in cash flow.
Analysts say this is also a good sign when it comes to the economic recovery of the United States. As investors and banks begin to trust these new or somewhat new technology companies in various cities significant amounts of money begin to flow into small economic sectors which had previously dried up. Of course this is not a sure sign that the economy is recovering though analysts basically agree that this is a very good sign of things to come for the technology industry as well as other private industrial markets.
Posted in Science & Technology