Category: News

Lotus F1 Team will definitely miss the first official test of the off-season, at Valencia’s Ricardo Tormo Circuit, as confirmed by the team’s chief technical officer Mike Gascoyne. According to the former Toyota and Force India official, the brand new Lotus for 2010 will be ready by February 5, which is already ahead of the initial schedule for its development.

When we got the entry on September 12, our schedule said we would fire up on February 12, and we are now scheduled to fir… (read more)

Here’s another e-reader clamoring for attention in a Consumer Electronics Show full of e-readers: The Skiff Reader, produced by a company funded by publisher Hearst Corp. and supported by Sprint.

I’d go into detail about the device that Skiff is producing, but the company won’t let me, because it isn’t providing many crucial details.

It won’t tell us when it will go on sale, for instance, or how much it will cost. Or which “major consumer electronics company” is actually manufacturing it. And while Skiff is happy to show off the device to the press, it won’t let any of us photograph it.

So trust me on this when I tell you that the Skiff Reader appears to look and work a lot like Amazon’s (AMZN) Kindle DX. At least from the brief glimpse I got.

But in many ways, the Skiff Reader’s specs are beside the point, because the real point of its parent company isn’t to produce e-reader devices at all.

Skiff will indeed sell a gadget, whose price will likely vary depending on how many publications consumers agree to subscribe to on said gadget. And Sprint  (S) will provide users with a built-in wireless connection to download periodicals.

But the driving idea behind the company is to create a platform for producing, distributing and selling magazines and newspapers, on a variety of devices.

In theory, at least, the publications that Hearst distributes and sells should work on any gadget, whether it’s a smartphone like Apple’s (AAPL) iPhone, one of the many tablets coming on the market, or even a rival e-reader like Amazon’s Kindle (AMZN). And Hearst doesn’t want to sell just its magazines and newspapers, but any publisher’s.

Does that sound familiar? It should, because that’s also the supposed goal of the “Hulu for magazines” consortium that Time Warner’s Time Inc (TWX) created last year. And Hearst is a member of that joint venture.

So. Either Hearst’s company is going to compete with the platform the JV is supposed to create, or the company will become part of the JV. Ask the various publishers in the group what they think will become of Skiff, and you’ll get confusing responses, all of which sound like a muttered version of “I don’t know.”

That said, it seems likely that someone–perhaps the consortium, or perhaps a consortium member like News Corp. (NWS), which also owns this Web site–will end up buying at least a piece of Skiff.

At a minimum, Hearst officials are fairly candid about being interested in finding someone else to invest in the company; I’ve been told the publisher has plowed some $35 million into it to date.

I asked Skiff president Gilbert Fuchsberg about that prospect, and he politely demurred, as he did when I asked him about other Skiff specifics. But he was polite and good-natured about it, as you can see in this video:

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As luck would have it, BoomTown was at a dinner at the Consumer Electronics Show where both Yahoo’s Jimmy Pitaro, who heads its Vertical Audiences Experience, and SVP of North American Revenue Joanne Bradford were also in attendance.

The pair played key roles in a deal Yahoo unveiled last night to partner with former NBC entertainment programming head Ben Silverman, in which his new Electus studio in Hollywood will create content for the Internet portal.

(Ironically, the party in Las Vegas was thrown by former ABC television exec and Yahoo exec Lloyd Braun, who also runs a similar multiplatform production company to Silverman’s.)

Thus, I took the opportunity to talk to both of them about the deal and what is means for Yahoo (YHOO), which is seeking to differentiate itself by stressing its strengths in premium content and advertising.

Yahoo and Electus are holding a press conference about the partnership this morning at CES.

Here’s the video interview:

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The Walter P. Chrysler Museum, in Auburn Hills, will be the host of a very interesting and unique exhibition called What Can You HEMI?. The exhibition will be on display from January 12 through May 2, 2010 and will feature five HEMI-powered weird machines.

The exhibition gathers the winner of a 2005 Chrysler sponsored contest which celebrated the HEMI. The contest was about submitting ideas about interesting machines powered by a HEMI engine and it had a real success as 350 enthus… (read more)

Do you use a “granny fork”? To be honest, we really hadn’t heard of this kitchen tool — at least not by that name — but it features prominently in Saveur‘s Top 100 List and Bon Appetit’s list of the best kitchen gadgets of the year. It was a favorite tool of Julia Child’s, and we all know how popular Julia and her kitchen have been this year!

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AOL is in full transition now, trying to shed its past and turn things around with a focus on content and, to a lesser degree for now, its ad network. It may be a while before the positive signs start to show though, warns AOL CEO Tim Armstrong. In a Q&A at the Citi Global Entertainment, Media & Telecommunications Conference in San Francisco, he … (read more)

I’m not sure exactly what Kim Kardashian does in real life, other than show off her boobs, but she does that one thing quite well. In the latest Carl’s Jr. commercial Kim rolls around in bed displaying her assets while seductively munching on a walnut cranberry salad. Watch this and you’ll get hungry, but it won’t be for the salad.

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Virtually everything in this world can be placed into a few basic categories.  This is especially true for Dividend Stocks when looking at their historic performance and expectations for the future. Consider these three broad categories: The Good: As you might guess, these are the dividend stocks that are doing exactly what they should do – consistently raising their dividends each year in spite of troubled economic times. The Bad: Companies that held their dividends flat.  The Ugly: Companies that cut their dividends.

Here are several companies in the “Good” category that recently rewarded their shareholders with increased cash distributions:

RPM International (RPM) makes specialty coatings and products for the structural waterproofing and corrosion control markets. January 5th the company increased its quarterly dividend 2.5% to $0.205/share. The dividend is payable on January 29, 2010 to stockholders of record as of January 15, 2010. The ex-dividend date is January 13, 2009. RPM is a Dividend Achiever and has raised its dividend for 37 consecutive years. The yield based on the new payout is 4.04%.

Calumet Specialty Products (CLMT) operates refineries in Louisiana and facilities in Pennsylvania and Texas with product distribution throughout North America. January 5th the company raised its quarterly distribution to $0.455/unit. The distribution is payable on February 12, 2010 to holders of record of such units at the close of business on February 2, 2010. ex-dividend date is January 29, 2009. The yield based on the new payout is 9.63%.

Robbins & Myers (RBN) supplies engineered equipment and systems for critical applications in global energy, industrial, chemical and pharmaceutical markets. January 5th the company bumped its quarterly dividend to $0.0425/share. The dividend is payable on February 19, 2010 to shareholders of record as of January 21, 2010. The yield based on the new payout is 0.72%.

Pentair (PNR) makes and markets water and fluid control devices, and electrical and electronic enclosures. January 7th the company increased its quarterly cash dividend 6% to $0.18/share. The the dividend is payable in the first quarter of 2010. PNR is a Dividend Achiever and has raised its dividend for 34 consecutive years. The yield based on the new payout is 2.26%.

Raising its dividend each year is the first step for a “Good” dividend stock to becoming a “Great” dividend stock. For a list of stocks with a long string of consecutive cash dividend increases, see this list.

Full Disclosure: No position in the aforementioned securities. See a list of all my income holdings here.

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Given some of the more compact portables we’ve seen, world’s thinnest all-in-one desktop is certainly debatable, but the curves on the Lenovo IdeaCentre A300 do give it an air of grace, as does the swivel. Throw in a clear screen and it’s promising, but countering those kind words? Lots and lots of fingerprint-friendly gloss. We also got some time with the C310, which takes the traditional IdeaCentre all-in-one design and spruces it up a bit with a brown finish — it’s otherwise what you’ve come to expect, for better or for worse. Enough chit-chat, on with the photos!

Lenovo IdeaCentre A300 and C310 hands-on originally appeared on Engadget on Fri, 08 Jan 2010 06:16:00 EST. Please see our terms for use of feeds.

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We’re not sure why you’d want to spend $1,799 on a 5.1-channel receiver with an integrated Blu-ray deck when you can mix-and-match plenty of terrific 7.1 receivers and BD players separately for far less, but hey — it’s CES and Denon’s introducing the S-5BD in case you do. Sure, it’ll do BD-Live and do two-source, two-zone audio distribution with 3 HDMI inputs and an optional iPod control dock, but you know you’re doing something wrong when you have to buy a separate amp to use the 7.1-channel analog outputs. Denon, you have made us shake our heads in confusion. Congratulations. In return we offer you this gift of PR after the break.

Continue reading Denon S-5BD combines a receiver with a Blu-ray deck, costs too much

Denon S-5BD combines a receiver with a Blu-ray deck, costs too much originally appeared on Engadget on Fri, 08 Jan 2010 05:43:00 EST. Please see our terms for use of feeds.

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Cals Refineries Limited, in the first phase of a mega project, is establishing a 4.8 MMTPA (100,000 BPD) refinery at Haldia, India.

Cals Refineries Limited was incorporated on the 25th of July, 1984 as a private limited company. On 22nd September, 1992 the company was converted into a public limited company and is now listed on the Bombay Stock Exchange (BSE) under the Scrip Code 526652.
Management of CALS Refineries
Chairman of Cals Refineries, Mr. M.S. Ramachandran, was Chairman of Indian Oil Corporation (I.O.C.), India’s largest Oil & Gas company. Mr. M. S. Ramachandran has over 38 years of experience in the Oil and Gas industry. He was Chairman of Indian Oil Corporation (I.O.C.), India’s largest Oil & Gas company. He helped the government to implement various policies that would attract private players into the Oil & Gas sector.

At I.O.C., he redirected the organization around key business lines with greater commercial focus and market facing capabilities. During his tenure, Mr. Ramachandran increased sales growth from USD 25 Billion to USD 34 Billion, which increased the net profit of company from USD 0.65 Billion to USD 1.2 Billion, raising the company’s Fortune ranking from 223 to 189.

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In news that will surprise absolutely no one: David Hasselhoff was ousted from his post as a judge on the NBC summer talent search America’s Got Talent due to his addiction to alcohol, a new report claims. The actor, best known for his roles on Baywatch and Knight Rider, sat on the panel alongside Sharon Osbourne, and UK television personality Piers Morgan for four years before abruptly announcing his decision to pursue “his own TV show” in a statment issued Wednesday.

Show sources said there has been concern from some advertisers over David’s image, especially given his behavior in recent months. Last Halloween, Hoff was hospitalized after falling ill in his Hollywood was after a wild bender. Just weeks early, he was allegedly taken out of a back entrance at Simon Cowell’s 50th birthday party in London after he got too drunk and started swearing at fellow guests.

“This has built up for some time,” a production insider spilled to The Daily Mail on Friday. “David has been in the papers a lot for his drunken behavior and he doesn’t seem to want to clean up his act. He was absolutely devastated at the news. The show provided the majority of his income.”

Hasselhoff is expected to be replaced by Deal Or No Deal host Howie Mandel.

SIBM-B takes the ‘no-ragging’ rule to newer levels altogether. The number of notices announcing that it is an ‘anti-ragging campus’ and containing phone numbers of the wardens of the girls’ and the boys’ hostel whom one can complain to in case of an incident leave no ambiguity that it is almost a sin to rag in there. There is also a large poster categorizing the ‘actions’ that fall under ragging put up in the girls hostel indicating again the low-levels of tolerance the authorities had towards the act. The floors in the hostel are divided into senior and junior floors and during the first few weeks of the start of the session the seniors are not even allowed to enter the floors meant for the juniors. The girls’ hostel at SIBM-B incidentally, was also the quietest girls’ hostel I had ever been to. I was told by one of the inmates that because the students spent most of their day at the academic block and came back only after midnight (12:30 am is the in-time of the hostels), the hostels were generally not a place of a lot of activity.

As the college is in its early years (the first batch will graduate in 2010), informal clubs and committees are still being added to the institute setup and many new ones are coming up each day. The literary club that has been recently formed aims to spread the habit of reading and writing amongst students. The club’s main aim is to dissect the writing styles of various writers and understand both the superficial and in-depth meaning of their works. It also aims to improve the writing skills of its members and has adopted blogging, the latest and the most popular way of writing today. Each member has been asked to maintain a blog on which they can write anything that catches their fancy. These new bloggers will get help from the existing bloggers for improving their penmanship. The literary club looks quite determined to develop a writer in all MBA students at SIBM-B.
Symbiosis Institute of Business Management Bangalore announces the commencement of Executive MBA / Diploma Programmes. As per admission committee meeting held on June23, 2009 it has been decided that we shall be accepting the applications for E- MBA even from those working professionals who have 3+ years of work experience and in order to facilitate that we have extended the deadline for submitting the applications till 6th of July, 2009.

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Two new phones were announced by LG today – the LG Lotus Elite and the LG Rumor Touch.

First, the LG Lotus Elite.  Sure, it’s not dramatically different from the LG Lotus when it comes to design (still the box design that you either love or hate), but the LG Lotus Elite bumps it up to executive status with a 2.4-inch display (262,000 colors), support for up to 32 GB of external memory (Sprint’s not leaving you hanging, though – they offer a 2 GB microSD card in the box), and support for the usual Sprint products and services.  Expect the red version to launch on January 12th for $99 with a new two-year agreement, with a black version available four days later.

Hot on the heels of the LG Lotus Elite, the LG Rumor Touch was announced.  Sporting a 3-inch touchscreen, 2.0-megapixel camera, EVDO Rev. 0, and a full QWERTY keyboard, it’s a nice little upgrade to the existing Rumor line.  Pricing is unknown, but expect the device to land at Sprint stores sometime in the quarter.

Think we would leave you hanging when it comes to video footage?  Absolutely not!  Be sure to check out Noah’s hands-on video of the LG Rumor Touch!

Via Engadget Mobile

Hyundai is one of the carmakers that managed to stay away from controversial industry subjects, such as the sale of some of its assets or bankruptcy-related problems – as in the case of General Motors or Chrysler. Furthermore, Hyundai performed pretty well in the US, despite the difficult market conditions that pushed the two aforementioned giants under bankruptcy protection.

Still, the South Korean manufacturer is now forced to deal with a recall of more than 65,000 units in GM’s… (read more)

Although he will not change the team’s designation for the 2010 season of Formula One – at least not for now – Peter Sauber announced his new management team for the upcoming campaign. With the BMW people out of the way, the team will have new leaders starting 2010 onwards, most of them being promoted to new roles within the Hinwil organization.

As far as Sauber is concerned, the Swiss businessman will now be president of the board of directors, while also coordinating the action … (read more)

Dulha Mil Gaya is regressive and stale. The most creative aspect of the film are the characters names- apart from Shimmer, we have a flamboyantly gay cook named Lotus and a butler named Valentine.

The Boston Globe critic Wesley Morris once said that the only highlights in Oliver Stone’s Alexander were in Colin Farell’s hair. Well, the only highlights in this film are in Fardeen Khan’s hair.
The song also has a remix version, which might find place at DJ consoles.

Next in line is the title track Dulha mil gaya sung by Daler Mehndi. It is currently doing the rounds of television channels and is one of the better songs of the album. The Bhangra-based song is catchy and doesn’t lose its tempo.

The remix version adds an edge to the original.

Then there is Aaja aaja mera ranjhna with newcomer Sunanda behind the mike and later joined by Anushka Manchanda. It is very typical and reminds of tracks of the early 90s owing to its orchestration and vocals. In today’s time, it doesn’t appeal at all.

Up next is Magar meri jaan with Anushka. It is a fast-paced, foot-tapping number. However it lacks punch and doesn’t offer anything fresh and out-of-the-box. Strictly an average number.

Then we have Tu jo jaan le, a soft love ballad with touches of rock. It is sung by Sonu Niigaam and picks up tempo after a few minutes into the song. A nice track that will be liked.

Rang diya dil is a Shreya Ghoshal song. It is a slow-paced romantic outing and Ghoshal’s honey-tucked voice makes it pleasing. It is a melodious track and strikes a chord with the listener.

Next is Dilrubaon ke jalwe, an amalgamation of Indian qawaali and western hip hop. It is crooned by Amit Kumar and Monali Thakur and does have the potential to be a hit. The shifts from western to Indian and back to western music is interesting. The song also has a remixed version that adds zing.

Finally we have Shiri farhad in Neeraj Sridhar and Tulsi Kumar’s voice. This one too boasts of psychedelic beats with Hindi and English lyrics. The song is very ordinary and has a heard-before feeling. Same beats and not many alterations in the lyrics makes it a routine affair.

On the whole Lalit Pandit disappoints big time. There is nothing worth noticing in most songs. The tunes and styles are ordinary and lack freshness and punch.

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