| Last updated 6:13pm EDT 05/15/2008 |
| Investor Carl Icahn to Yahoo board: Sell to Microsoft or leave |
SAN FRANCISCO - Yahoo Inc. chief executive Jerry Yang spent months fending off Microsoft Corp.'s unsolicited takeover bid. Now he may only have a few weeks to persuade the software maker to revive its last offer of US$47.5 billion, or risk being fired in a shareholder mutiny led by activist investor Carl Icahn.
Spurred on by outraged shareholders, Icahn notified Yahoo Thursday that he will lead a revolt to oust Yang and the rest of the Internet company's board unless they renew negotiations with Microsoft that fell apart May 3 when the two sides couldn't agree on a price.
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| CRTC to launch wide-ranging consultations on new media environment |
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OTTAWA - The CRTC has launched a major review of the impact that the Internet is having on Canadian broadcasting and whether it should try to govern content on new digital media.
The federal regulator is in the midst of its most comprehensive review of national television policy in 15 years, and has heard complaints from broadcasters and cable-TV operators that they are losing market share to the Internet and other new-media platforms such as cellphones.
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| Detroit Symphony hopes robot conductor will fire up students |
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DETROIT - Classical music enthusiasts long have sought to drum up support for the musical genre among young people, and now they have a secret weapon: the 4-foot-3, childlike robot ASIMO.
On Wednesday, the day after the Honda robot conducted the Detroit Symphony, ASIMO warmed up a crowd of 250 schoolchildren who came to the concert hall to watch a master class with renowned cellist Yo-Yo Ma.
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| Report: Billionaire investor Carl Icahn to lead fight against Yahoo board |
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SAN FRANCISCO - Billionaire investor Carl Icahn reportedly has decided to lead a mutiny against Yahoo Inc.'s board in an attempt to pressure the directors into reviving negotiations to sell Yahoo to Microsoft Corp.
To turn up the heat on Yahoo's board, Icahn has lined up a slate of 10 directors to nominate as replacements, the Wall Street Journal reported on its website Wednesday, citing an unnamed person close to the matter.
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| New bill on copying music, TV shows may be delayed till fall |
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OTTAWA - It looks like Canadians may have to wait at least a few more months to find out if they will be allowed to legally copy compacts discs, record television shows, or rip music to their MP3 players.
With the clock running down on the spring session of Parliament, the federal government isn't committing to introducing its long-awaited copyright bill before the long summer break that starts next month.
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| Consumer interest in GPS technology heats up; incorporated into daily life |
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MONTREAL - It's all about location, location, location.
A growing number of consumers are using GPS devices to get to their destinations, estimate their arrival times and avoid traffic trouble spots.
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| Killer's alleged MySpace profile goes private as Corrections Canada launches probe |
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VANCOUVER - Corrections Canada has launched an internal investigation to find out how prison pictures of notorious child killer Clifford Olson made their way onto the social networking website MySpace.
A profile on the popular website under the name Clifford Olson contains photographs, personal essays, and news stories, many of which are available on other websites devoted to the convicted murderer - including a letter that is almost 20 years old.
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| Clear Channel Communications terms reflect tight credit, ad slump |
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NEW YORK - A lot has changed in the year and a half since radio industry leader Clear Channel Communications Inc. struck a deal to go private. Credit markets seized up, radio advertising continued to falter and another radio buyout deal failed.
All that helps explain why Clear Channel didn't mind taking a lower price and slightly higher lending rates to settle a dispute with its lenders late Tuesday, clearing the way for the long-delayed buyout deal to proceed.
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| SEC charges Broadcom co-founders in options probe |
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LOS ANGELES - U.S. securities regulators on Wednesday charged Broadcom Corp. co-founders Henry T. Nicholas III and Henry Samueli with falsifying the company's reported income, leading to what is believed to be the largest accounting restatement yet because of backdating stock options.
A civil complaint filed by the U.S. Securities and Exchange Commission also charges former chief financial officer William J. Ruehle and general counsel David Dull. It seeks injunctions, unspecified monetary penalties as well as removing Samueli and Dull from their positions.
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| CAE triples dividend as it foresees strong future results |
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MONTREAL - Flight simulator and training company CAE Inc. (TSX:CAE) signalled its confidence in the future Wednesday by tripling its quarterly dividend and restoring the amount to the pre-restructuring level enjoyed in 2004.
"We felt that we had reached a turning point in terms of the company and that it was the appropriate time to put the dividend increase in place," CEO Robert Brown said in a conference call to discuss fourth-quarter and year-end results.
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