The US e-commerce site, EBay has stated that there will be an IPO for Skype in 2010.The IPO is for Skype’s Internet calling unit. The IPO is expected to generate $500 million to $1billion in equity. The underwriting will be done by Goldman Sachs group. Skype’s market value is estimated to be about $3billion.
US warship in disagreement with pirates holding American captain hostage. American destroyer arrived in water where Somali pirates floating in a lifeboat are holding hostage the captain, Richard Phillips. The pirates demand remains unknown, but may involve compensation for their boat lost during the attack or a ransom.
Global shipping rates are set for a turning 74 per cent plunge in 2009 as commodity demand continues to fall in Asia and the massive flood of vessels ordered during the boom years finally hits the oceans. The expected collapse in rates, which could push dozens of shipowners close to bankruptcy.
President Obama realizes that the recession has made the political battle more difficult, still he plans to begin addressing the country’s immigration system this year, including looking for a path for illegal immigrants to become legal, though a difficult scheme, shall add to the fame of Obama and add to his capability of foresight.
Oil Companies are unwilling to reduce the oil consumption, they do not wish to pull the line of US President Obama, who wants Oil Companies to reduce oil consumption on one hand and to increase renewable energy supplies and cut carbon dioxide emissions in the most ambitious transformation of energy policy in a generation, on the other.
While showing its anger, North Korea has declared to take”strong steps” if the UN Security Council takes any action over Pyongyang’s recent rocket launch. Russia and China prevented the adoption of even a preliminary statement of condemnation in the 15 member UN Security Council, which met on Sunday to hold an emergency meeting.
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