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Italian chocolatemaker Ferrero rules out buying UK’s Cadbury

Tuesday, January 26, 2010

Italian chocolatemaker Ferrero has ruled out making a bid to purchase United Kingdom confectioners Cadbury. The move comes after Cadbury’s board recommended accepting a takeover bid by United States firm Kraft that valued the company at £11.9 billion sterling.

Ferrero is best known for its Rocher branded chocolates and the advertisements that accompany them. It had been rumoured that the Italians would team up with another US firm, Hershey, to submit a joint bid for Cadbury. However, on Friday Hershey decided not to attempt to purchase Cadbury, who are most famous for Dairy Milk chocolates.

Both companies had been given yesterday as their deadline to declare their intentions regarding their British rival. Kraft now seem likely to achieve their aim of buying up the confectioner, after four months of negotiations and an offer that was increased twice. Italian newspaper Il Sole 24 said Ferrero had backed out because of the amount of debt they would need to take on and a perceived requirement for job cuts.

Kraft are offering 500p cash per Cadbury share, plus Kraft stock. However, if some investors accept extra Kraft shares then up to 799p. The deal gives Cadbury a total value of 837p, down from the 850p orignally offered due to fluctuations in the exchange rate between the United States dollar and the pound sterling. “The final offer’s value will change as the Kraft Foods share price and the USD/GBP exchange rate change,” explained Kraft.

Jeremy Batstone-Carr, an analyst with Charles Stanley, said British stock investors were likely to not want Kraft shares. “UK-based investors are unlikely to want to hold Kraft stock… We believe that as many as half these holders… will be looking for alternative investment destinations here in the UK.” Shareholders have until February 2 to consider the offer. If they accept, Cadbury will cease to be an independant company, which it has been since it was founded in 1824.

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Buffalo, N.Y. hotel proposal threatened by possible lawsuit

Thursday, March 16, 2006

Buffalo, New York — The property at 605 Forest in Buffalo was the center of attention at last night’s public meeting held at the offices of Forever Elmwood on Elmwood Avenue in Buffalo. Eva Hassett, Vice President of Savarino Construction Services Corporation, confirmed last night that the company will be seeking a variance for the 605 Forest property. Originally, both the 605 and 607 Forest Avenue properties were going to have variances placed on them. As it stands, 607 Forest will not be directly affected by the proposal, should it go forward. Both 605 and 607 are currently occupied by residents.

During Monday night’s meeting, Pano Georgiadis, owner of 605 Forest and owner of Pano’s Resuraunt at 1081 Elmwood Avenue in Buffalo, threatened to “sue” Savarino Construction if they tried to obtain a variance on his property to build the Elmwood Village Hotel.

The Elmwood Village Hotel is a proposal by Savarino Construction that would be placed on the corner of Forest and Elmwood in Buffalo. In order for the project to move forward, at least five buildings (1119-1121 Elmwood) which include both residences and businesses will have to be demolished. The hotel was designed by architect Karl Frizlen of the Frizlen Group. Although the properties are “under contract,” according to Hassett, it is unclear whether Savarino Construction owns the properties. Hans Mobius, a resident of Clarence, New York and former Buffalo Mayoral candidate, is still believed to own them.

Currently, none of the properties is zoned for a hotel.

A freelance journalist writing for Wikinews asked Hassett what kind of zoning permit they [Savarino] would be applying for and, if 605 Forest is included, what zone that would be.

Buffalo, N.Y. Hotel Proposal Controversy
Recent Developments
  • “120 year-old documents threaten development on site of Buffalo, N.Y. hotel proposal” — Wikinews, November 21, 2006
  • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
  • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
  • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
  • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
  • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
  • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
Original Story
  • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

“There is a ‘special development plan’ in front of the council, which changes only one thing about the zoning. It allows one permitted use for just a hotel. The rest of the zoning remains as it is under the current Elmwood Business District zoning. 605 and 607 Forest are not required for the project. They are not part of the footprint for the project. Let me answer this question again. This is on the record, in council: 605 needs to be rezoned in order to facilitate the project because of the sideyard requirement. Anything in C-2 is excluded besides the hotel. So we’ve taken the C-2 and included the hotel as a permitted use, and excluded everything else and everything else remains the same.”

However, during the February 28 Common Council meeting, Hassett was quoted as saying that the two properties were “off the agenda.”

“Now Karl said, at the last meeting, that they will build this hotel right on the borderline [property line]. If a wall forty-five to fifty feet high goes next to this house, of course it’s not right. You really have to go with whatever the city code says, so you have to get back as many feet as the city code says,” said Georgiadis.

“If you try to get a variance to change the code, I will sue you. This is my home, number one,” added Georgiadis. “First of all I think we are all wasting our time here, you [Savarino], have already made up your mind, but if you go against city code, and you try to do the most rooms with a minimal amount of parking, again, I will sue you. If you build a hotel, in my idea its going to fail. It’s doomed, ok. [If] it’s going to be a home for the disabled, for the homeless, for recovery people, but that’s another story. Then how is it going to be when we say, well I told you so? You will be over and done with. Its very hard to take a four story building [hotel] down.”

Georgiadis stated last night that he was against the proposal and signed a petition to stop it, jokingly saying, “this isn’t a paper to sign to build the hotel, is it? Don’t make me sign the wrong thing.”

Joseph Golombeck, district councilman, was at Monday’s public meeting and said, “we also did request this and the reason we are doing this as a special business district is so that it has to be this specific plan. They [Savarino] can’t go halfway through it and in six months decide that [the hotel] it’s going to be three floors. They can’t decide it’s going to be five floors. It has to be, per law, exactly what it is that they brought to us [the public] so far, and then ultimately to the City of Buffalo Common Council when it’s approved. So if it gets approved, it has to be this specific, exact project. They couldn’t make it fifty parking spots, they couldn’t make it thirty. It has to be specifically what they have right here.”

A man who lives on Granger Street in Buffalo attended the meeting, speaking in favor of the hotel development. He claimed, “There are a lot of low property values. Hopefully if we embrace development, our property values, for those of us who have property, will go up. There are a lot of people unfortunately, who are working hard, that do not get a chance to come to these meetings. I myself was at work and wasn’t able to go to the last two meetings. I express that we appreciate that you [Savarino] invest in the City of Buffalo and for what you hope, because I do not think Savarino is into losing money. These people are not in business to be losing money here. They are hoping for the success of this [the hotel] more than any one of us. They are hoping that the property values in this area will go up more than any one of us, because it will benefit them [the residents and business owners], more than any one of us. I want this city to develop. I don’t think anybody else is here understanding that we’re looking for development in this city, we are looking for the city to get better. The councilman here is not interested in Buffalo failing.”

Evelyn Bencinich, resident of Granger Street, would have the hotel directly behind her home, if it were to be built.

“What about construction [time]? Is that just for the exterior, the nine months? Or does that include the interior? Is there going to be blasting through bedrock? Is there property protection for damage? Are you [Savarino and the Frizlen Group] responsible?”, asked Bencinich.

According to Frizlen, there is a layer of solid bedrock at least 30 feet from the surface of the land saying, “we anticipate that the bedrock is at least thirty feet down.” He also admitted that “we haven’t done any soil sporrings,” but did say “the bedrock is somewhere in between twenty-five and thirty feet [down], we don’t need to go that deep. So blasting is most likely out of it [the question].”

“Personally, I can only speak from the city side, but a few years ago we rebuilt Vulcan Street, in the northwest corner of Buffalo, and there were a couple of properties that were damaged and they [the owners] were able to file a claim against the company that did the work and they won in each case. It was the same thing with a school that was built on Military Road. There were a couple of problems with foundations on a couple of properties, and they weren’t sure if caused by the school or not, but the insurance company ended up paying them,” answered Golombeck.

“I would assume that Savarino is insured with someone. So if there is a problem with anything that happens to your properties, what I would recommend is that anybody that lives on Granger Place, if this does go through, that you get pictures taken of your basement and of your foundations, because God forbid if there is a problem, you want to have an[sic] before and after [picture]. You don’t want to come afterwards and there’s a crack in there [foundation] and you have no way of proving that it happened,” added Golombeck.

According to Golombeck, the properties that Mobius owns have been “in housing court on several occasions, but has a date of April 11, 2006 that he is going back [to court] for these properties. So it is in housing court and I wouldn’t know Mr. Mobius if he walked in this room right now,” stated Golombeck.

“I’ve gone after him on numerous occasions and everytime he gets out of housing court with a slap on the wrist. If I am a conspiracy theorist and say that there is a lot more going on than meets the eye. I can only get him into housing court. Once he’s in housing court, the judge rules on it. Now I don’t mean to take any shots at previous administrations, but I am hoping with the new administration, being in here, that the inspections department is going to be a much better department than it has been for the previous several years.”

The city’s Planning Board on March 14, 2006, agreed to send the Elmwood Village Hotel proposal back to the Common Council so that it may “be opened back up to discussion from the public.”

On March 2, 2006 the Common Council sent the proposal “to committee” for further discussion and also requesting that the public be “engaged further.”

During that meeting, Justin Azzeralla, Executive Director for Forwever Elmwood, said that the organization “supports the hotel project.”

Also on March 2, the planning board agreed to table, or postpone, any decision on the hotel proposal for at least thirty days, also citing the need for the public to be “more engaged.”

The Common Council is expected to meet on March 21, 2006 at 2:00pm local time where they may approve or deny the proposal.

According to The Buffalo News, at least six Common Council members support the hotel project and are pledging to vote to approve it at the meeting on Tuesday, March 21.

However, the city’s Planning Board will get the final say on the project.

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Tabletop fusion may lead to neutron source

Sunday, May 1, 2005

A UCLA team, headed by Brian Naranjo, has observed the nuclear fusion of deuterium nuclei in a tabletop device. The device uses a lithium tantalate (LiTaO3) pyroelectric crystal to ionize deuterium atoms and accelerate the ions towards a stationary erbium deuteride (ErD) target. Fusion of two deuterium nuclei results in the emission of helium nuclei (alpha particles), neutrons and gamma rays. The team anticipates applications of the device as a tabletop neutron generator, or in “microthrusters” for space propulsion. It is possible that there may be applications related to nuclear weapons, although this possibility is not discussed in the research paper.

This development is not related to earlier claims of tabletop fusion or “cold fusion” having been observed during sonoluminescence. In fact, the leader of the team behind this development was one of the main critics of earlier low-temperature fusion claims.

This device is not the first reliable tabletop fusion device; the Farnsworth-Hirsch fusor, developed in the early 1960s in the laboratory of Philo T. Farnsworth who was instrumental in developing television, is sold commercially as a neutron source. Research by Dr. Todd Rider of MIT suggests that the kind of non-equilibrium fusion produced in these sources will never be usable as an energy source (see his PhD thesis).

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Gay Talese on the state of journalism, Iraq and his life

Saturday, October 27, 2007

Gay Talese wants to go to Iraq. “It so happens there is someone that’s working on such a thing right now for me,” the 75-year-old legendary journalist and author told David Shankbone. “Even if I was on Al-Jazeera with a gun to my head, I wouldn’t be pleading with those bastards! I’d say, ‘Go ahead. Make my day.'”

Few reporters will ever reach the stature of Talese. His 1966 profile of Frank Sinatra, Frank Sinatra Has a Cold, was not only cited by The Economist as the greatest profile of Sinatra ever written, but is considered the greatest of any celebrity profile ever written. In the 70th anniversary issue of Esquire in October 2003, the editors declared the piece the “Best Story Esquire Ever Published.”

Talese helped create and define a new style of literary reporting called New Journalism. Talese himself told National Public Radio he rejects this label (“The term new journalism became very fashionable on college campuses in the 1970s and some of its practitioners tended to be a little loose with the facts. And that’s where I wanted to part company.”)

He is not bothered by the Bancrofts selling The Wall Street Journal—”It’s not like we should lament the passing of some noble dynasty!”—to Rupert Murdoch, but he is bothered by how the press supported and sold the Iraq War to the American people. “The press in Washington got us into this war as much as the people that are controlling it,” said Talese. “They took information that was second-hand information, and they went along with it.” He wants to see the Washington press corp disbanded and sent around the country to get back in touch with the people it covers; that the press should not be so focused on–and in bed with–the federal government.

Augusten Burroughs once said that writers are experience junkies, and Talese fits the bill. Talese–who has been married to Nan Talese (she edited James Frey‘s Million Little Piece) for fifty years–can be found at baseball games in Cuba or the gay bars of Beijing, wanting to see humanity in all its experience.

Below is Wikinews reporter David Shankbone’s interview with Gay Talese.

Contents

  • 1 On Gay Talese
  • 2 On a higher power and how he’d like to die
  • 3 On the media and Iraq
  • 4 On the Iraq War
  • 5 State of Journalism
  • 6 On travel to Cuba
  • 7 On Chinese gay bars
  • 8 On the literary canon
  • 9 Sources
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Manitoba volunteers go to war against Red River flooding

Monday, April 6, 2009

Over 1,600 volunteers registered to help build approximately 65,000 of the 500,000 sandbags to create dikes 20.5 feet (6.2 meters) high to protect the City of Winnipeg, Manitoba in the war against the Red River of the North flood.

700 volunteers answered at the rural municipality of St. Andrews alone. Once sandbags are filled for West St. Paul, St. Andrews, and Selkirk, then frozen culverts must be cleared.

The height of the river is expected to be Thursday, and predictions are that it will be less than Flood of the Century of 1997. There is no precipitation in the forecast, and snow in the province should be melted by the end of the week.

“The fear right now is we have to get that ice out of the river. The Amphibex [Excavators] are still working and breaking the ice apart, and everyday we buy with the warm weather and the current, it is thinning the ice down a bit, so when it does start to move, the better chance it’ll move right out into the lake,” said Paul Guyder, the emergency coordinator for the RMs of St. Andrews and St. Clements.

“I feel that we’ve done everything humanly possible to get ready,” said Gary Doer, Premier of Manitoba, “But … there are fallibilities with human behaviour. We can take every preventative measure as human beings possible and we can still get Mother Nature proving again she is superior.”

Communities with ring diking will partially or fully close their dikes at the beginning of the week. Provincial officials are considering opening the Red River Floodway gates around mid-week before ice is fully melted.

Ice jams could cause flooding within the city, however opening the gates could spare neighbourhood flooding when the river rises to the estimated 6.3 meters (20.7 feet) height. The province does have back up plans for dealing with ice jams within the city if they do occur. The unpredictability of ice jams and the ensuing water level rise may cause neighbourhood flooding. The city is raising dikes where the river has jammed with ice in the past such as on tight curves and past bridges. Likewise there are excavators and backhoes positioned at these points.

Vulnerable neighbourhoods on the river banks have been reinforced with sandbag dikes at vulnerable areas from the massive volunteer effort over the weekend. Guyader feels no more extra volunteers are needed, however volunteers are still being asked to leave their names and number in case of unpredicted need. Existing personnel will assess roads, and help with clean up.

Approximately 400 of the 800 people who evacuated the Roseau River Anishinabe First Nation have returned to their homes.

Former Premier, Dufferin Roblin, brought forward the floodway as a protection for Winnipeg residents and economy following the 1950 Red River Flood. The Red River floodway, “Duff’s Ditch” was finally finished in 1968, and its floodway gates have been opened 20 times saving Winnipeg from an estimated CA$10 billion in damages. The floodway expansion began in 2005 at a price of $665 million.

Polish and Chinese experts have come to survey the Red River Floodway, and Dennis Walaker, mayor of Fargo, North Dakota recognises the need for Red River flood defences down river. “Every town that you drive by from the Canadian line up to Winnipeg is either elevated or ring-diked,” said Walaker.

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Olympic highlights: August 21, 2008

Thursday, August 21, 2008

August 21, 2008 is the 12th major day of the 2008 Olympic games. The below article lists some of the highlights.

Contents

  • 1 Events
    • 1.1 Women’s 20km walk
    • 1.2 Star class sailing
    • 1.3 Tornado class sailing
    • 1.4 Men’s marathon 10 km swimming
    • 1.5 Women’s beach volleyball
    • 1.6 Men’s 400 meters sprint
    • 1.7 Women’s 200m sprint
    • 1.8 Men’s Triple Jump
  • 2 Medal Table
  • 3 Sources

Olga Kaniskina, who represents Russia, has set a new Olympic record in the women’s 20km walk with her time of 1 hour and 36 minutes. After the race Kaniskina said that the weather did not affect the record.

“I think my regular training is the most important factor contributing to my victory,” she said, explaining the factors that she believes led her to victory.

Britons Iain Percy and Andy Simptson won the gold medal in the star class sailing event after a successful performance in the final round, which took place today. The pair started today in silver medal position, and gained one place in the final round to win the gold medal.

Spanish Fernando Echavarri and Anton Paz won an Olympic gold medal in Sailing’s fast Tornado catamaran class. Darren Bundock and Glenn Ashby from Australia finished in second place and the Argentinean pair of Santiago Lange and Carlos Espinola won the bronze medal.

Maarten van der Weijden, a long distance swimmer from the Netherlands, beat the favorites in the men’s marathon 10 km swimming event to secure the gold medal with a time of 1:51:51.6. David Davies, who was one of the favourites to win the gold medal, was overtaken by Weijden in the final 500 metres of the race.

Davies finished 1.5 seconds behind Weijden.

Misty May-Treanor and Kerri Walsh won the Olympic gold medal for the United States in the women’s beach volleyball competition by winning every set in the final against the Chinese Tian Jia and Wang Jie.

Both sets were won 21-18.

American LaShawn Merritt won the final of the Men’s 400 meters in an event which saw all three of the medals going to the American team.

Jamaican Veronica Campbell-Brown won the gold medal in the final of the women’s 200m sprint with a time of 21.74 seconds.

Allyson Felix, the defending Olympic champion, who was representing United States, won the silver medal, with her time being approximately 0.2 seconds behind the time of the winner.

Nelson Evora won the men’s triple jump at the 2008 Beijing Summer Olympics. Evora won the gold medal with a jump of 17.67 meters beating silver medalist Phillips Idowu of Great Britain by 5 centimeters (17.62 meters). Leevan Sanders of the Bahamas won the bronze medal with a triple jump of 17.59 meters. link Nelson Evora of Portugal Wins Men’s Triple Jump Gold Medal


Medal Count update

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Expert Metal Roofing Services Include Repairs And Replacements For Your Home Or Office

byadmin

When you need a new roof, it is good to know you have a lot of choices available when it comes to the type of roof you want and the companies that could help you get it. Roofs can be made of asphalt, tile, slate, and even metal, and although they each have certain advantages, the right roofing company can help you decide on the best one for your home. Metal roofing is very popular because of its strength and durability, and whether you need repairs or a brand-new roof altogether, the companies that offer roofing services can accommodate you every single time.

[youtube]http://www.youtube.com/watch?v=EwIRIBxlHmM[/youtube]

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‘Mobile phone dermatitis’ linked to nickel deposits

Friday, October 17, 2008

The British Association of Dermatologists (BAD) has released a report saying that an illness they named ‘mobile phone dermatitis’, in which individuals owning a cell phone have developed a rash on the side of their face, is likely linked to nickel deposits in the metal of some cellular phones. Nickel has been known to cause rashes on those who have a sensitivity to, or are allergic to the metal. Nickel is also mixed with other metals to make jewelry.

The Association says that the condition is likely to affect people who spend too much time talking on the phone. They found that those who spend too much time text messaging or talking for long periods on the phone, were most likely to develop a rash, sometimes severe, on their face and ears, or the tips of their fingers.

Tests in January, performed on 22 cellular phones by scientists at Brown University in Rhode Island located in the United States, had found that just under half, a total of 10, contained nickel while the rest had rubber buttons and a plastic case. Initially the rashes were unexplained, and researchers could not find a reason why so many individuals began to experience the symptoms. In most cases the rashes were untreatable.

“Cell phones intended for rugged use … often have rubber coating and no surface nickel. Those with more fashionable designs often have metallic accents and are more likely to contain free nickel in their casings,” said Lionel Bercovitch MD., one of the researchers, in a report in the journal for the Canadian Medical Association on January 1, 2008.

Researchers also state that although some people may not be allergic to nickel, “prolonged” and continuous exposure to it can cause severe reactions.

“Prolonged or repetitive contact with a nickel-containing phone is more likely to cause a skin reaction in those who are allergic,” said BAD dermatologist Dr. Graham Lowe in a press release. In the United Kingdom alone, BAD says nearly 30% of the population suffers from rashes brought on by prolonged exposure to the metal.

The researchers also recommend individuals to buy swab test kits to test for traces of nickel.

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