| Citigroup to Buy Internet Bank Egg for $1.1 Billion (Update1) | | Posted Monday, January 29, 2007 3:02:08 PM by Blog57 Team | | Jan. 29 (Bloomberg) -- Citigroup Inc., the biggest U.S. financial-services company, agreed to buy Prudential Plc's Egg Internet banking unit for 575 million pounds ($1.1 billion), quadrupling its credit card customers in Britain. Citigroup, which will pay for Egg in cash, will gain about 2.9 million cardholders in the U.K., the New York-based company said today in a Business Wire statement. The purchase will add to Citigroup's earnings in the first year. ``We like Egg's brand; we like Egg's platform; we like Egg's customer engagement model; and we like Egg's customer set,'' George Awad, chief executive officer of Citigroup's Global Consumer Group for Europe, the Middle East and Africa, said in the statement. ``It provides us meaningful scale in consumer financial services in the U.K.'' Mark Tucker, chief executive officer of Prudential, has faced pressure to improve U.K.... | |
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| | | Residual Income Business: Website Offers Internet 'Vending Machine ... | | Posted Friday, December 01, 2006 1:03:26 PM by Blog57 Team | | David Bresnahan has worked in all areas of newspaper and broadcast journalism, as well as public relations since 1972. Bresnahan has authored several books, hosted talk radio programs, owned a radio station, on-line newspapers, and other businesses. He has received a number of awards for both journalism and broadcasting and in 2001 received the Crystal Award of Excellence for Outstanding Work in Journalism. He is an independent journalist and public relations consultant. author's email author's web site view author's other articles .... | |
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| | | HJ&H Prepaid Internet fined | | Posted Tuesday, November 14, 2006 11:02:28 PM by Blog57 Team | | A local Internet business that offers sweepstakes gaming was issued a citation by the city of Troy Saturday for staying open after its business license was revoked. H&H Prepaid Internet was issued a $500 fine on Saturday, and will presumably receive another today, for staying open past Nov. 10, the last day the business license was effective. Troy officials have alleged that H&H Prepaid Internet's sweepstakes gaming is a thinly veiled form of electronic gambling. And on Oct. 24, the City Council voted to revoke the business license, effective Nov. 11, on the grounds that business owner Henry Wieman did not divulge the sweepstakes gaming aspect of his business when applying for the license. The timing of the license revocation came at the request of H&H Prepaid Internet's owners, who through their attorney requested that they be given until Nov.... | |
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| | | Five Internet Stars To Be | | Posted Sunday, November 12, 2006 3:16:15 AM by Blog57 Team | | SAN FRANCISCO? Call it the Grand Summit of the Internet Digiterati. Or a geekfest worthy of Star Trek. The Web2.0 conference in San Francisco is an annual gathering of those hardy souls in Silicon Valley?and beyond?who are still hanging on to the notion that the dot-com era wasn't just a flash in the pan. The "2.0" refers to the next generation of Internet business, where static websites devoted to E-commerce (Amazon) and information (CNN.com) are giving way to a new, motley crew of interactive, user-generated Web experiences?social networking, video sharing, wikis, and blogs. Web dreamers can see there's money to be made on the Internet again: MySpace and YouTube, the two most popular Web2.0 companies in the United States, just sold for a combined $2 billion to Rupert Murdoch's NewsCorp and Google, respectively.... | |
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| | | Verizon Business Expands Remote IP Application Management Service to Europe, Latin America and Asia-Pacific | | Posted Wednesday, November 08, 2006 11:05:20 PM by Blog57 Team | | Verizon Business today announced the global availability of its Remote Internet Protocol (IP) Application Management Service. This custom service allows customers to cost-effectively outsource all or some of the monitoring and management of their business-critical applications. The Verizon Business Remote IP Application Management Service remotely monitors customers' applications, infrastructure and server operating systems across multiple locations and can be specifically tailored to each customer's unique technical and business requirements. As a result, customers can control costs while helping to improve performance in their business critical infrastructure. As with other managed offerings, the service enables companies to focus on their core business and customer service, while acquiring the ability to rapidly respond to changing business conditions.... | |
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| | | Business calendar | | Posted Monday, November 06, 2006 3:08:32 AM by Blog57 Team | | The Business Calendar runs each Sunday in the Business section. Notices of meetings, seminars and workshops of interest to the area business community should be sent to the Business News Desk of The Buffalo News, P.O. Box 100, Buffalo, N.Y. 14240, by the preceding Thursday, faxed to 849-4587, or e-mailed to fin@buffnews.com. Monday Professional groups Engineering Society of Buffalo, officers, directors and committee members, 6 p.m., Rizzo's Restaurant, 2763 Eggert Road, Tonawanda. Call Melissa, 873-4455. Business groups Powerful You, Women's Network, 6 to 7:30 p.m., ElderWood Village at Westwood, 580 Orchard Park Road, West Seneca. Topic: "Gift Giving in Business." Information, call Caren Kolerski, 983-7714, or Donna Nichter, 668-6235.... | |
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| | | Internet business not giving up | | Posted Friday, November 03, 2006 1:32:08 PM by Blog57 Team | | An attorney representing a Pike County lake road Internet business that offers sweepstakes gaming said the business will be moving to a new location in the county following the Troy City Council's decision to revoke the company's business license this week. Greg Johnson, the attorney for the the owners of H&H Prepaid Internet, said his clients will be moving their business to new location in the unincorporated area of Pike County. On Tuesday, the Troy City Council voted unanimously to revoke the business license for H&H Prepaid Internet effective Nov. 11, on the grounds that business owner Henry Wieman did not divulge the sweepstakes gaming aspect of his business when applying for a license. Johnson said his clients are satisfied with the decision, and confirmed they will be using the time until Nov.... | |
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| | | Time Warner should keep AOL internet, Parsons says | | Posted Friday, November 03, 2006 11:27:19 AM by Blog57 Team | | Richard Parsons, the chairman of Time Warner, Wednesday gave his strongest endorsement yet to keeping the AOL Internet business as part of the company. Parsons said in an interview Wednesday that the early results of a new strategy to make AOL a free service financed by advertising fitted well with the company's other advertising-supported businesses like cable networks and magazine publishing. "As I sometimes say, 'Everywhere it rains, I want to have a bucket,"' Parsons said. "We need to have this in our kit bag because this is where money is going." AOL's future, whether as part of Time Warner or - as some investors, including the financier Carl C. Icahn, have advised - spun off singly or as part of a bigger breakup, is the subject of a parlor game in media and Internet circles.... | |
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| | | Interoute Adds to Internet Capacity ; Business News IN BRIEF | | Posted Tuesday, October 31, 2006 11:17:41 AM by Blog57 Team | | Interoute is to spend more than [euro]22m ([pound]14.7m) upgrading its pan-European telecoms network, which will massively enhance internet capacity across Europe. Demand for internet capacity has skyrocketed over the past year on the back of the rapid success of sites such as YouTube. Interoute provides wholesale network capacity to corporate customers as well as local telecoms companies across Europe. .... | |
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| | | Wi-Fi TV(TM) Plan to Bring Social Internet TV(TM) to One Million Viewers to Be Unveiled in Live Webcast | | Posted Saturday, October 28, 2006 7:06:52 AM by Blog57 Team | | The huge monetary value of the acquisitions of MySpace and YouTube has inspired Wi-Fi TV Inc. (PINKSHEETS: WTVN) to create a bold new Social Internet TV(TM) business model and member features that will be unveiled in a live webcast on Tuesday, November 7. In his first Company webcast in nearly six months, Wi-Fi TV Inc. Chairman and Founder Alex Kanakaris will lay out a ten point plan for the marketing, technical and sales aspects of the next generation of www.Wi-FiTV.com. "Social Internet TV(TM), a Wi-Fi TV exclusive, is set to do battle with conventional Snail TV in every corner of the globe, and we're going to put the strategy on the table in our webcast," said Mr. Kanakaris. "Wi-Fi TV was the first company with online movie delivery in December 1995, the first company with many technical aspects of eBooks, and has been the pioneer of interactive Internet TV.... | |
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