Oracle to acquire Siebel for USD 5.85bn

Tuesday, September 13, 2005

US-based Oracle Corporation announced earlier today that they are buying rival US-based Siebel Systems for $10.66 USD per share. Siebel shareholders have the option to receive the $10.66 per share in cash or in Oracle stock. This deal is valued at approximately $5.85 billion USD. Siebel Systems’ Board of Directors has already voted in favour of the acquisition. Founder Thomas Siebel has also given his support. A special meeting will soon be held for Siebel stockholders to vote on the acquisition. If all goes well the deal should close in the early part of next year.

After acquiring Siebel; Oracle, which specializes in database applications, will become the second largest software company. Oracle has offices in more than 145 countries, and employs over 50,000 people. This acquisition will make Oracle the largest customer relationship management (CRM) applications company in the world. CRM applications include accounting, inventory management and customer management software. “Siebel’s 4,000 applications customers and 3,400,000 CRM users strengthen our number one position in applications in North America and move us closer to the number one position in applications globally”, said Oracle CEO Larry Ellison.

“Today is a great day for Siebel Systems’ customers, partners, shareholders, and employees,” said Thomas M. Siebel, Chairman and Founder of Siebel Systems. Many analysts predicted the acquisition of Siebel after Oracle bought competitor PeopleSoft for $10 billion USD, last December.

Gardening Christmas Gift Ideas For Grandma

Gardening Christmas Gift Ideas for Grandma


Wendy Baca

You might find buying a Christmas present for your gran one of the most difficult, namely because by the time youre a grandma you tend to have nearly everything you need. One trick for choosing Christmas presents that show youve put a bit of thought into them is to buy something which ties into a hobby of hers. Below weve come up with some Christmas gift ideas for any grandma that loves to garden. The first thing any keen gardener needs is a good pair of gardening gloves. We love the Girlie Gardening range of products and so are confident that your grandma will love the Penelope Gift Set, which comprises their best selling Pink Lady gloves as well as some girlie pink garden twine, plant labels and a packet of seeds all in a pink gift box. Another practical gardening gift that will make a useful Christmas present for your gran is the Ladies Folding Pocket Secateurs Gift Set. These pink secateurs fold down to cover the blades so they are small and safe for carrying around, and they also contain two extra tools in their handles a garden knife and a mini saw.

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Winter gardening can be a rather cold pastime, which is why we love Wellie Warmers. These are like a giant fleecy sock that goes inside a pair of wellies with a warm and attractive topper to keep the feet super warm as well as dry. We have a range of different designs and patterns available, from zebra pattern for cool grannies to bottle green for those that wish to be more discreet. Half of the fun of gardening is not only the practical aspect, but being able to enjoy the lovely surroundings you have created. Our animal-shaped watering cans are an ideal way of combining the two. Available in different sizes and different animals, these are perfect Christmas gift ideas for a grandma, even if she no longer has a garden. The smaller cans are great for watering indoor house plants or hanging baskets and look nice sat on the windowsill when not in use. Likewise, the larger cans make an attractive feature of any garden when not being used and are made from weather-resistant materials. For a particularly seasonal Christmas gift for grandma, we recommend the Robin Watering Can, a small galvanised can complete with red breast suitable for indoor or outdoor use. Another great Christmas gift for grandma

this year might be the Alan Titchmarsh Garden Organiser. This spiral-bound book gives expert information month by month on the best plants for the season and when to take cuttings, etc. There is also plenty of space for her to make her own notes or attach pictures or newspaper or magazine cuttings.

Finally, after a full days gardening, any keen gardener needs to clean off and warm up. The Wash and Grow Toiletry Set comes in a pretty floral bucket, which contains a flannel, nailbrush and Green Tea hand soap and bath and shower gel everything she needs to scrub the soil away.

To know more about

Welly warmers

visit For Her From You.

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Retired U.S. vets sue Donald Rumsfeld for excessive service cutbacks

Tuesday, May 31, 2005

One thousand residents of the Defense Department-managed Armed Forces Retirement Home in Washington, D.C. filed a class-action lawsuit on May 24, asserting that the cut-backs in medical and dental services imposed by Secretary of Defense Donald Rumsfeld are illegal. The operating budget for the home was reduced from $63 million in 2004 to $58 million for 2005. The residents cite cuts in on-site X-ray, electrocardiogram, physical and dental services, and the closing of the home’s main clinic and an on-site pharmacy.

Chief Financial Officer Steve McManus responded that the changes not only save money but also achieved improved efficiencies. “We’re really trying to improve the benefits to our residents,” he said.

Most of the home’s costs are paid for by a trust fund and monthly fees paid by residents. By law, the Armed Forces Retirement Homes are required to fund, “on-site primary care, medical care and a continuum of long-term care services.”

Football: FC Bayern, Jupp Heynckes reach agreement; club’s head coach until season end

Saturday, October 7, 2017

Yesterday, German football club FC Bayern Munich announced reaching an agreement with Jupp Heynckes to be the club’s head coach until the season end. The 72-year-old came out of his retirement, and is to take the position on Monday. The contract runs until June 30, 2018.

Heynckes has previously managed Bayern in three spells — 1987–1991, 2009 and 2011–2013. In 2013, he led Bayern to treble, winning the German league (Bundesliga), German Cup (DFB-Pokal), and UEFA Champions League. In May 2013, then 68-year-old Heynckes said of retiring, “Clubs want to do a generation change and you can not really do it with a 68-year-old.” Pep Guardiola succeeded him as Bayern’s head coach in 2013.

Upon agreeing to coach Bayern again, yesterday, Heynckes said, “I wouldn’t have returned to any other club in the world, but FC Bayern München are very close to my heart.”((de))German language: Ich wäre zu keinem anderen Verein der Welt zurückgekehrt, aber der FC Bayern München ist eine Herzensangelegenheit für mich.

Heynckes’ predecessor Carlo Ancelotti was sacked on September 28, after a 3–0 loss against French capital club Paris St-Germain (PSG) in the UEFA Champions League group stage match. The Italian manager joined Bayern in 2016 after Guardiola left for English side Manchester City FC. Ancelotti led Bayern to a Bundesliga title, the club’s fifth consecutive league title. But in the second season in charge of the German giants, Bayern is currently five points behind league table leaders and arch rivals Borussia Dortmund.

After 3–0 defeat at PSG’s home, Bayern’s CEO Karl-Heinz Rummenigge said, “The performance of our team since the start of the season did not meet the expectations we put to them. The game in Paris clearly showed that we had to draw consequences.”((de))German language: Die Leistungen unserer Mannschaft seit Saisonbeginn entsprachen nicht den Erwartungen, die wir an sie stellen. Das Spiel in Paris hat deutlich gezeigt, dass wir Konsequenzen ziehen mussten.

Willy Sagnol, Ancelotti’s assistant coach, handled the team last week against Hertha Berlin, which ended in a 2–2 draw.

Sweden’s Crown Princess marries long-time boyfriend

Monday, June 21, 2010

Sweden’s first royal wedding since 1976 took place Saturday when Crown Princess Victoria, 32, married her long-time boyfriend and former personal trainer, Daniel Westling, 36. The ceremony took place at Stockholm Cathedral.

Over 1,200 guests, including many rulers, politicians, royals and other dignitaries from across the world, attended the wedding, which cost an estimated 20 million Swedish kronor. Victoria wore a wedding dress with five-metre long train designed by Pär Engsheden. She wore the same crown that her mother, Queen Silvia, wore on her wedding day 34 years previously, also on June 19. Victoria’s father, King Carl XVI Gustaf, walked Victoria down the aisle, which was deemed untraditional by many. In Sweden, the bride and groom usually walk down the aisle together, emphasising the country’s views on equality. Victoria met with Daniel half-way to the altar, where they exchanged brief kisses, and, to the sounds of the wedding march, made their way to the the silver altar. She was followed by ten bridesmaids. The couple both had tears in their eyes as they said their vows, and apart from fumbling when they exchanged rings, the ceremony went smoothly.

Following the ceremony, the couple headed a fast-paced procession through central Stockholm on a horse-drawn carriage, flanked by police and security. Up to 500,000 people are thought to have lined the streets. They then boarded the Vasaorden, the same royal barge Victoria’s parents used in their wedding, and traveled through Stockholm’s waters, accompanied by flyover of 18 fighter jets near the end of the procession. A wedding banquet followed in the in the Hall of State of the Royal Palace.

Controversy has surrounded the engagement and wedding between the Crown Princess and Westling, a “commoner”. Victoria met Westling as she was recovering from bulemia in 2002. He owned a chain of gymnasiums and was brought in to help bring Victoria back to full health. Westling was raised in a middle-class family in Ockelbo, in central Sweden. His father managed a social services centre, and his mother worked in a post office. When the relationship was made public, Westling was mocked as an outsider and the king was reportedly horrified at the thought of his daughter marrying a “commoner”, even though he did so when he married Silvia. Last year, Westling underwent transplant surgery for a congenital kidney disorder. The Swedish public have been assured that he will be able to have children and that his illness will not be passed on to his offspring.

Westling underwent years of training to prepare for his new role in the royal family, including lessons in etiquette, elocution, and multi-lingual small talk; and a makeover that saw his hair being cropped short, and his plain-looking glasses and clothes being replaced by designer-wear.

Upon marrying the Crown Princess, Westling took his wife’s ducal title and is granted the style “His Royal Highness”. He is now known as HRH Prince Daniel, Duke of Västergötland. He also has his own coat-of-arms and monogram. When Victoria assumes the throne and becomes Queen, Daniel will not become King, but assume a supportive role, similar to that of Prince Phillip, the husband of the United Kingdom’s Queen Elizabeth II.

Reasons Why Executive Compensation Survey Is A Must Do

Reasons Why Executive Compensation Survey is a Must-do by Coiri

Executive compensation surveys have been very helpful to many business owners in Canada today. If you are a business owner and you still don’t know what it entails, I’ll quickly explain it to you.

Since compensation is the money given in the performances of work, and all the different benefits and services that organizations give to their employees, executive compensation shouldn’t be hard for you to guess out.

Executive Compensation

Executive Compensation, also known as managerial remuneration, refers to the financial compensation or total remuneration top executives receive in an organization; this compensation features the basic salary, shares, options and all the company benefits.

Executive compensation is different from compensation for lower-level employees.

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The salary and other benefits are negotiated and are documented in a customized employment contract. The contract spells out compensation, benefits, perquisites, performance bonuses and other special terms of employment.

Executive Compensation survey

Have you ever imagined how easy sitting for a test which questions you already have answers to would be? Yes, you guessed right! This is the same feeling conducting an executive compensation survey brings, only that you won’t be cheating, but acting smart.

Current reports show that managers are very short in supply, and this has caused a really big competition between companies. Several organizations are looking to employ and retain the best managers, and so they come with many offers to entice them.

In Canada, recently, so many business owners have upped their games by getting data on how executives are being compensated in other related companies.

For the past thirty years, executive pay has skyrocketed dramatically beyond the rising levels of an average worker’s wage. Executive compensation is an imperative part of any corporate governance, and it is often decided companies board of directors.

As a business owner, there are many reasons why you should conduct an executive compensation survey, the reasons are explained below:

Why you should conduct an executive survey

  1. It helps you to hire the best managers: As a business owner, having really competent managers will take your business to the next level. Conducting an executive compensation survey helps you figure out what managers are expecting, what your competitors are paying and how to beat them at the game.
  2. It helps you retain managers: It is one thing to get a manager, it is another to retain them. Studies have proven that there are limited numbers of managers in the labor market; many employers are chasing after few managers, and you don’t want to lose the one you have. Conducting an executive compensation survey helps you know the right steps to take to keep your manager.
  3. It helps you motivate your managers: Motivation plays a major role in the increment of a worker’s productivity. Having the right information helps you to know how to keep your workers motivated by the incentives they get from working for you, and this will make them work effectively to achieve company goals; this is what an executive compensation can help you achieve.
  4. Helps to minimize corruption: One major way to alleviate or reduce greed and corruption within your business place is to pay well. How do you know you are compensating your workers enough? By knowing what other businesspeople who own a similar company do, of course! This is more reason you should conduct an executive compensation survey.

You as a business owner should conduct an executive compensation survey in order to: hire the best managers, retain your managers, keep your managers motivated and also minimize corruption within your business place.

Now that you are aware how important it is to get an executive compensation survey done, you should not hesitate to start right away. To do this survey in Canada, you will need a professional Human Resources Consultant; this is where Coiri comes in.

Coiri Consultant is the right choice to make when you decide to conduct an executive compensation survey in Canada. I am recommending this company because there are the best at what they do. Join the bandwagon of happy business owner today; have Coiri consultant do your executive compensation survey.

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News briefs:July 19, 2010

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Restrictions imposed in China textile trade with U.S.

Saturday, May 21, 2005

In an effort to ease complaints by the U.S. and Europe about a heavy influx of low priced Chinese goods, China will raise export tariffs on 74 categories of textile products in June. This follows plans from the U.S. to impose quotas on Chinese textiles and clothing.

Products likely to see an increase from the Chinese move include synthetic fiber shirts, trousers, knit shirts and blouses, cotton shirts, and combined cotton yarn. Last week, similar restrictions were imposed by the U.S. on cotton trousers, knit shirts, and underwear. Currently, a 2.5 cent charge per item is imposed; the new tariff will raise this to the equivalent of 12 cents per piece now. While this is a fourfold increase, it is not expected to affect consumer prices. Because of this, some doubt the tariff will have any effect on correcting the trade imbalance.

This move is in response to U.S. trade quotas imposed due to concerns that increased Chinese goods would put U.S. textile manufacturers out of business. According to Auggie Tantillo, executive director of the American Manufacturing Trade Action Coalition, a textile industry group in the U.S., the move will preserve 10,000 U.S. jobs. The new U.S. trade quota will limit the growth of Chinese textile imports to 7.5 percent compared with shipments over the past year.

Prior to January 1, a global quota system helped regulate the trade. With the quota system gone, fears have arisen that a flood of Chinese goods could undercut U.S. competitiveness in the market. China is able to market its goods cheaply due to an artificially weak yuan. The U.S. Treasury criticized the China yuan policy as “highly distortionary”, posing a major risk to China’s economy itself and to global economic growth. They challenged China to revalue its currency to bring it to a level they believe will allow fairer competition between global manufacturers.

China has disputed the charges of the U.S. Treasury. Chinese Commerce Minister Bo Xilai said, “I believe they are not reasonable”.

Laura Jones, a representative of large retailers, also criticized the move, saying “These restrictions on imports from China will do absolutely nothing to help the U.S. textile industry — and the government knows it.”

China has seen a boom in economic growth in recent years due to growing trade surpluses with the West, but economists worry that the trade gap will cause longer term global economic problems. China’s textile and apparel exports are the most noteworthy example, with exports up over 1,000 percent in some categories this year and the rapid loss of marketshare and jobs by U.S. textile manufacturers.

Beginning in 1978, the Chinese economy has been transforming from a Soviet-style centrally planned economy to more of a free market style system, under the rigid political control of Communist Party of China.

To this end, the government has leveraged foreign trade to stimulate economic growth. The result has been a fourfold increase in GDP, making China the sixth largest economy in the world. By 2012 the People’s Republic of China may have the highest GDP in the world.

According to U.S. statistics, from 1999 to 2004 China’s trade surplus with the U.S. doubled to $170 billion. Wal-Mart is China’s seventh largest export partner, just ahead of the United Kingdom.

However, the gains from their “socialist market economy” have not been without problems. The Chinese leadership has often experienced the worst results of socialism and capitalism: bureaucracy, lassitude, corruption, and inflation. Inflation rates have been an on-going challenge, reaching as high as 17% in 1995.

Environmental deterioration is a longer-term threat to economic growth. In 1998, the World Health Organization reported that China had seven of the 10 most-polluted cities on Earth. Another concern among some economists is that China’s economy is over-heating, and due to its global economic expansion this could have major repercussions among other nations.

Typically, wages have been low and working conditions poor, with workers living in restrictive dormitories and working at boring factory jobs. However, recent labor shortages have started improving conditions, and raising the minimum wage towards the equivalent of 100-150 US dollars per month. The labor shortages are in part a result of a demographic trend caused by strict family planning.

Apple introduces iPhone and Apple TV

Wednesday, January 10, 2007

Apple Inc. today has introduced the much-anticipated iPhone at the Macworld Conference in San Francisco.

The iPhone is claimed to be “a revolutionary mobile phone” as stated on the Apple website. The device appears to be running a mobile version of the Apple operating system Mac OSX. It is approximately the same size as a 5th generation iPod, it has a 3.5-inch LCD touchscreen display that is used to access all features of the phone including number dial, as well as making phone calls. The iPhone plays music, movies, displays pictures and is able to connect to a wireless network.

Apple CEO Steve Jobs unveiled the device by walking onto the stage and taking the iPhone out of his jeans pocket. During his 2 hour speech he stated that “Today Apple is going to reinvent the phone, We are going to make history today”.

Today Apple also released their Media Center device – Apple TV. It will directly compete with Microsoft’s Media Center operating system. Apple has taken a different approach to the media center market; rather than storing content (such as movies, music and photos) on the device, Apple TV connects to a computer (Mac and Windows) over a wirless network connection and plays all content stored on that computer. This makes it substantially easier for users to organize their media content.

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