Thomson Corporation and Reuters agree to merge
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Thomson Corporation and Reuters agree to merge

Wednesday, May 16, 2007

The Thomson Corporation and Reuters Group PLC announced Tuesday that they have agreed to combine the two companies. The boards of both Thomson and Reuters will recommend the merger to their shareholders.

The Canadian Thomson-family holding company Woodbridge, which controls 70% of Thomson, has agreed to vote in favour of the deal and the Reuters Founders Share Company, which controls a special share in Reuters, will also support the merger.

Based on the TSX CA$46.36 closing share price of Thomson on May 14, 2007, each Reuters share would be valued at 691 pence and, therefore, the full capital of Reuters valued at approximately £8.7 billion. Cash requirements for the deal are to be provided by Thomson. Woodbridge will own approximately 53 percent of the combined company, other Thomson shareholders 23 percent and Reuters shareholders about 24 percent.

The merger arrangement will leave two separate companies that will be operated as a single entity. The boards of the two companies will be identical as will the senior executive management team. Thomson will be renamed to Thomson-Reuters Corporation, and will be listed on both the TSX and the NYSE. Thomson-Reuters PLC will list on the London Stock Exchange and the NYSE.

Reuters current CEO, Tom Glocer, will become CEO of the combined company while Thomson President and CEO Richard J. Harrington will retire at the completion of the merger.

Thomson has currently 32,000 employees worldwide, with operations in 37 countries and revenues of US$6.6 billion in 2006. Thomson’s major business operations centre around financial information and legal services, with smaller ventures in tax accounting, health care, and the scientific field. Thomson is headquartered in Stamford, Connecticut, in the United States.

Reuters is one of the world’s largest news agencies, with a total of 16,800 staff in all divisions, but derives more than 90 percent of its revenue from its financial service business. It is the merger of Thomson and Reuter’s financial services divisions that may have been the genesis of the talks. It has been suggested that both companies wanted a better economy of scale to compete with Bloomberg, the American financial services giant.

“We are enormously proud of the evolution of The Thomson Corporation and the value it has created for all our shareholders,” said David Thomson, Chairman of Thomson. “We recognize the rich history of Reuters and are committed to uphold the Reuters Trust Principles.”

The chairman of Reuters, Niall FitzGerald, expressed his satisfaction with the merger. “The shared expertise and complementary strengths of these two companies makes for a strategically compelling and financially attractive combination,” said FitzGerald in a joint press release. “I am especially proud that Reuters journalism will continue to be governed by the powerful Reuter Trust Principles of independence, integrity and freedom from bias.”

The new company is projecting efficiencies of greater than US$500 million per year, by the end of the third year after closing the deal.

Criticisms were raised by Reuters journalists, who voiced concerns in an open letter to the Reuters Founders Share Company. They worried whether or not “a reconstituted Reuters would maintain the high standards of journalism and the integrity, independence and freedom from bias that have shaped the company’s 156-year-old reputation.”

It is expected that the merger will draw the attention of regulators due to the size and nature of the transaction. “Antitrust authorities in Europe and the U.S. are almost certain to apply a more detailed and lengthy review of the acquisition than is typical, because of the limited number of companies that supply prices, data, news and financial tools,” said Simon Baker, analyst, Credit Suisse in London.

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eBay removes Canadian town’s listing of sperm whale carcass
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eBay removes Canadian town’s listing of sperm whale carcass

Thursday, May 8, 2014

Citing violations of its policy regarding “Marine mammal items”, eBay terminated an online listing on Monday by the town of Cape St. George, Newfoundland and Labrador, Canada, for a 40 ft (12 m) sperm whale carcass reportedly beached upon its shores about a week prior.

With an initial asking price of 99 cents, bidding for the carcass reportedly rose to C$238.03 within 15 bids. Reports variously state the final price of the whale, prior to the removal of the listing from the auction site on Monday at about 2:30pm, was C$2,025 or C$2,075. Listed in eBay’s “really weird” category, the carcass was considered by eBay to be an example of “items made from marine mammals regardless of when the product was made”, which are prohibited as per site rules.

Following a council meeting on Sunday in the town of 950 residents, Cape St. George’s mayor, Peter Fenwick, put the whale up on the auction site in a bid to have it removed from the town’s premises, citing a lack of cooperation from provincial and federal government officials on the matter. “It’s your problem, you solve it”, Fenwick recounted to The Globe and Mail (TGaM) as the response he received from them. Apart from eBay, Kijiji was also suggested as another avenue by which to sell the carcass.

Fenwick told CTV News, several years prior another sperm whale measuring 15 ft was beached in the area, but disappeared without incident, an act Fenwick attributed to be the work of Fisheries and Oceans Canada. “This time”, he remarked, “the authorities have told us that it’s our whale, it’s our responsibility to get rid of it.”

On putting the carcass for sale, Fenwick remarked, “We knew we had to do something with it and this seemed to be the least expensive way of disposing of it.” In a news release, Fenwick highlighted a possible use for the carcass, particularly its bones. “The 40 foot sperm whale will make a spectacular exhibit once the fat and muscle is removed, and the town is asking museums and other organizations that could use a whale skeleton to contact the town for further details.”

On retaining the whale himself, Fenwick stated, “As a town we would dearly love to keep the whale and put it on exhibit in the town but the cost of such a venture would be hard to justify.” Fenwick told TGaM the whale was “in half decent shape”. “This one looks like it died very recently and hasn’t decomposed much”, which Fenwick suggested elsewhere was due to the whale’s present location, partially submerged in near-freezing water. However, Fenwick noted its close proximity to a residential area, saying homeowners who lived there were “very interested in seeing the whale gone.”

eBay was not the only organization who barred the sale from taking place. “We also got threatened by the federal department of the environment, and told to pull the ad off or they would prosecute us”, said Fenwick on the opposition he said he received from Environment Canada, which viewed the sale as contravening a federal act designed to protect endangered species. “I received a call from the federal department of the environment saying that you’re not allowed to sell any parts of sperm whales, even if they’re dead.” he added. “So I said, ‘Oh that’s very good, I’m glad to hear that, now can you send somebody over here to get rid of it for us?'” Fenwick’s request was met with a negative response from Environment Canada.

“They’ve got to sort it out somehow. The uncertainty means it just sort of sits there and rots.” Once decomposition sets in, Fenwick remarked the carcass would become a “real nuisance”. “I don’t know if you’ve ever seen a whale that’s been rotting on the beach for a couple of months — actually sometimes you can’t see it for the clouds of flies around it — but you can smell it for about a mile”, he added.

On finding alternate means to dispose of the carcass, Wayne Ledwell, a member of Newfoundland’s Whale Release and Strandings, suggested the whale be towed out to a remote area. “They need to do that right away, when they come in and they’re fresh,” said Ledwell. “No one wants to go touch them … everything becomes gooey and slippery and you can’t stand up on the whale and it gets on your boots and you can’t get the smell off and then you go home and the dog rolls in it and you get it in your kitchen and you curse the whales, and you curse the government and … it becomes a mess.” Fenwick said they’d considered the idea, enlisting a local fisherman who, however, judged his engine too small for the job.

Previously, blue whale carcasses washed ashore in the towns of Trout River and Rocky Harbour, located about 150 km further north, and were taken by Royal Ontario Museum for preservation of the skeletons. Fenwick suggested the sperm whale carcass in his town might also meet a similar fate, as the sperm whale’s status as the largest toothed whale might prove to be a drawing attraction for such a facility.

Regarding what he plans to do next with the carcass, Fenwick said “If we’re not allowed to sell it, we’re willing to drop our 99 cent price down to a zero.” He said he hoped some eBay bidder stays interested in the whale. “We’ll be glad to talk to them about giving them the whale. We’re hoping that’s not illegal.” He also said he hoped the publicity from the town’s predicament, which garnered national attention, and its unusual means of finding a solution, would draw in someone interested in taking the whale off his hands at their own expense.

Should the whale fall under new ownership, Fenwick advised it be moved away from the town to a beach devoid of people, and the blubber left as food for seagulls, insects, and other predators. He estimated “It’ll probably take a year or so to get down to the skeleton.” As monetary gain was reportedly not what the town cared about, Fenwick was willing to offer the carcass for free, though one report noted money raised from the listing could have gone towards the building of a skate park.

The listing on eBay, as put up by Fenwick, read:

This 40 foot sperm whale rolled up on the beach last week. The actual seller is the town of Cape St. George which is responsible for disposing of it before it starts to decay. Once the fat and flesh is removed you have a spectacular 40 foot skeleton of the largest toothed whale in the world, great for museums and other attractions. To prevent it rotting in the town it can be towed to isolated beaches on the Port au Port Peninsula to allow the seagulls and other birds to remove the flesh. Call 709-644-2290 or 709-649-7070 for more details.

Please note the successful bidder will have to remove the whale within 30 days

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New edition of Canada’s Food Guide released
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New edition of Canada’s Food Guide released

Thursday, February 8, 2007

A new version of Canada’s Food Guide was announced by Canadian Health Minister Tony Clement on Feb. 5, 2007. The guide has helped Canadians with healthy eating habits since 1942 but was last updated in 1992. It is the Canadian government’s most-requested publication after income tax forms.

Changes to the Food Guide include:

  • a first-time recommendation to include a small amount of unsaturated fat in regular diets;
  • physical activity to complement healthy eating;
  • advice for some people to take vitamin supplements;
  • an advisory to limit foods with excess salt, sugar, fat and calories, which is considered an unprecedented caution regarding junk food.
Examples of the Food Guide’s four groups (clockwise from top left): vegetables and fruit, grain products, meat and its alternatives, milk and its alternatives
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Ontario ombudsman hands over lottery investigation to police
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Ontario ombudsman hands over lottery investigation to police

Tuesday, March 27, 2007

At a news conference in Toronto, Canada on March 26, 2007, Ontario Ombudsman André Marin called on the provincial government to transfer regulation of its lottery system from the Ontario Lottery and Gaming Corporation (OLG) to the Alcohol and Gaming Commission of Ontario. This request follows an investigation the ombudsman’s office undertook, 3 months ago, into the allegations of theft and fraud carried out by ticket retailers.

The results of the investigation into the allegations were detailed in Marin’s report, entitled A Game of Trust, released earlier in the day. The OLG has been ordered to transfer relevant files over to the Ontario Provincial Police, to determine whether a criminal investigation is warranted.

“The OLG is fixated on profit rather than on public service,” Marin suggested in his opening statement. “It is too close to its retailers, who are not just its frontline sales force but some of its best customers,” he continued. “It has lost sight of the fact that it is supposed to be a guardian of the public trust.”

The investigation was launched by Marin at his own intitiative, rather than inresponse to an individual complaint. Ombudsman investigators looked into the case of Bob Edmonds, a 78-year-old man who was cheated out of a CA$250,000 winning ticket by an unscrupulous retailer, as highlighted in a CBC television exposé. Over the course of the investigation, the Ombudsman’s Office received more than 400 other complaints related to OLG.

Insiders have been winning big lottery prizes for years.

Marin indicated that, since 1999, “at least 247 retail owners or their employees have won major lottery prizes”, some of which he acknowledged were legitimate. He also reported that the OLG paid out “millions of dollars in prizes to retailers making dishonest claims…in amounts anywhere from $250,000 to $12.5 million.”

Marin found a systemic pattern of wrongdoing by some retailers, who he deemed to be the OLG’s “partners in profit”, with the OLG overlooking the abuse. Marin suggested that rather than get tough, “the OLG actually considered relaxing the rules on insiders.”

In his report, Marin proposed 23 recommendations including a zero-tolerance policy for retailer dishonesty, an adjudicative process to deal with disputed prize claims, a retailer code of conduct and the use of “secret shoppers” to test the retailers adherence to it.

“We accept the findings of these reports and the organization is moving quickly to implement the recommendations,” said OLG Board Chair Michael Gough in a news release. “OLG has learned a great deal from the Ombudsman’s report. It is fair, comprehensive and thoughtful,” continued Gough.

The total revenue from lotteries to the provincial government in Ontario for fiscal 2005-2006 was CA$6.36 billion. News of the resignation of OLG’s CEO Duncan Brown, was reported just days before the ombudsman’s report was tabled.

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Australia: Mat Morgan, Greens candidate in South Gippsland, talks climate, tourism, and local issues with Wikinews
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Australia: Mat Morgan, Greens candidate in South Gippsland, talks climate, tourism, and local issues with Wikinews

Sunday, September 5, 2021

Since June 2019, the people of South Gippsland Shire, located at the southernmost tip of Australia, have been without a local council, after a state government inquiry found “high levels of tension” within the council. Administrators were appointed by the Victorian state government in July 2019, who have governed the shire since then. However, South Gippsland’s council is scheduled to be restored with an election to be held via post from October 5-22, 2021.

Wikinews interviewed one of the candidates standing in this election, Mat Morgan. He is running as a candidate in the Coastal-Promontory Ward, and is endorsed by the Australian Greens. The Coastal-Promontory ward covers towns such as Venus Bay, Waratah Bay, Yanakie, Foster, Port Welshpool, and Toora, and elects three councillors to the South Gippsland Shire Council.

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Nokia Inc. announces plans for iPhone rival
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Nokia Inc. announces plans for iPhone rival

Thursday, August 30, 2007

Announced early Wednesday morning at Nokia’s GoEvent, in a plan to expand the company’s revenue, Finland-based company Nokia Inc. is developing a mobile phone similar to its rival iPhone, which will be available in the near future for Nokia customers. The phone is expected to be available by 2008.

Most of the features are the same as the iPhone’s. They include music, games, and many other features, even ones that the iPhone may not have. Ovi (in Finnish meaning “Door”) will be the door for more than 2 million songs and games available for download on the new device. Users will be able to download wirelessly in their own home or anywhere there is access to a computer.

But this is not the first time Nokia has made an attempt like this to increase its revenue. In October of 2003 the company revealed the N-Gage, a game-playing cell phone, but was “stocked-out” due to poor sales. The N95 smartphone, which was released in the U.S. on April 7, 2007 (before the iPhone on June 29, 2007) includes WiFi, a GPS, a music player, and a 5 megapixel digital camera. The three other phones that were revealed at the event in London will be in-stock next quarter. The new N81 and the modified N95 smartphones were among the revealed at yesterday’s event; the N81 is a new member to Nokia’s smartphone family; the N95 has been modified by having more memory and a sleeker LCD screen.

When Nokia was asked about the striking similarity between this and the iPhone, Nokia’s Executive Vice President and General Manager of Multimedia, Anssi Vanjoki, said, “If there is something good in the world then we copy with pride.”

Nokia first demoed their iPhone rival August 29th. During their demo they omitted the fact that the demo was for the software to be in use, not the actual hardware.[1]

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Category:July 27, 2010
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Category:July 27, 2010
? July 26, 2010
July 28, 2010 ?
July 27

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US General David Petraeus passes out during Senate testimony
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US General David Petraeus passes out during Senate testimony

Wednesday, June 16, 2010

The general appears to be doing very much better.

While testifying before the Senate Armed Services Committee, General David Petraeus, head of the U.S. Central Command, passed out briefly while answering a question from Senator John McCain from Arizona.

While answering the question, Petraeus slumped over in mid-sentence and the hearing was immediately suspended while several people rushed over from the table to help him. Shortly after, Gen. Petraeus regained consciousness and walked from the hearing room under his own power.

The chair of the Senate Armed Services Committee, Michigan Senator Carl Levin said the general “appears to be doing very much better.” The senator also said that Petraeus was eating and may have been dehydrated, and that the hearing might resume. Petraeus was testifying on the Afghanistan War.

After a short time, Petraeus returned from the room he was in, smiling and sipping from a cup. Though the hearing was resumed briefly, given the circumstances, Levin postponed the hearing until Wednesday. As the hearing closed, McCain called the general one of the “nation’s heroes” and also said “we’re glad you have recovered and look forward to seeing you again tomorrow.” As Levin sounded the gavel that closed the hearing for the day, applause broke out.

Some people have speculated that Petraeus passed out because of McCain’s questions, as the General slumped over while answering McCain. However, later General Petraeus said “It wasn’t Sen. McCain’s questions. I just got dehydrated.”

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Gastric bypass surgery performed by remote control
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Gastric bypass surgery performed by remote control

Sunday, August 21, 2005

A robotic system at Stanford Medical Center was used to perform a laparoscopic gastric bypass surgery successfully with a theoretically similar rate of complications to that seen in standard operations. However, as there were only 10 people in the experimental group (and another 10 in the control group), this is not a statistically significant sample.

If this surgical procedure is as successful in large-scale studies, it may lead the way for the use of robotic surgery in even more delicate procedures, such as heart surgery. Note that this is not a fully automated system, as a human doctor controls the operation via remote control. Laparoscopic gastric bypass surgery is a treatment for obesity.

There were concerns that doctors, in the future, might only be trained in the remote control procedure. Ronald G. Latimer, M.D., of Santa Barbara, CA, warned “The fact that surgeons may have to open the patient or might actually need to revert to standard laparoscopic techniques demands that this basic training be a requirement before a robot is purchased. Robots do malfunction, so a backup system is imperative. We should not be seduced to buy this instrument to train surgeons if they are not able to do the primary operations themselves.”

There are precedents for just such a problem occurring. A previous “new technology”, the electrocardiogram (ECG), has lead to a lack of basic education on the older technology, the stethoscope. As a result, many heart conditions now go undiagnosed, especially in children and others who rarely undergo an ECG procedure.

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Category:July 29, 2010
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July 29

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