Ciena Opens Bidding for Nortel Optical, Ethernet Units

On October 7, 2009

Ciena Opens Bidding for Nortel Optical, Ethernet Units

Ciena is offering cash and stock worth $521 million to acquire some of Nortel's most-prized remaining business units as the fallen telecommunications company continues to liquidate. The deal announced Wednesday covers the Nortel Optical Networking and Carrier Ethernet businesses.
On October 7, 2009

Major Magazines Collude! And That’s a Good Thing

Following on the stilettos of Conde Nast's decision to kick Gourmet (and a few other magazines) to the curb, there's news that major magazine publishers are colluding on two fronts in order to get more traction out of their digital businesses: Ad Age's Nat Ives reports that some of the major magazine publishers have begun exploring the creation of their own online ad network, so they can compete more effectively with existing online ad networks. The New York Post's Keith Kelly (seeming to expand on an earlier story by the aforementioned Ives about magazines creating "a digital storefront"), says that publishers including Time Inc., Hearst and Conde Nast are looking at coming up with their own e-reader that can show...
On October 7, 2009

Insurance CEOs Immune to Leaner Paychecks

U.S. unemployment is hovering around 10 percent, and those with jobs are working longer and harder to keep them. But there's no shortage of cash for those at the top of the heap, particularly at insurance companies. Was it only January when the grumbling and hoopla surrounding bonuses for unworthy American International Group employees became a Congressional sideshow? Then AIG CEO Ed Liddy, who was paid only $1 a year, took the brunt of that abuse. Now times have changed. U.S. pay "czar" Kenneth Feinberg quietly approved new AIG CEO Robert Benmosche's annual pay package of $10.5 million, a third higher than the $7 million previously reported in the media. Feinberg oversees pay packages for executive compensation of companies that...
On October 7, 2009

AP Looks to Profit From Google, Microsoft War

The Associated Press is considering whether to sell news stories to some online customers exclusively for a certain period, perhaps half an hour, the head of the news organization said Tuesday. The AP licenses its stories and photographs to many of the Internet's main hubs, including Google, Yahoo and Microsoft's MSN.
On October 7, 2009

Smaller General Motors is a 90-Day Wonder

Three months into its new life, General Motors is still caught up in job cuts and restructuring that were planned in U.S. Bankruptcy Court. However, the company's emphasis is starting to shift.
On October 7, 2009

Computing 101: What is a Web Browser?

We here at Business Hacks sometimes forget that not everyone eats, sleeps, and breathes technology like we do. In fact, some users don't even know what a Web browser is. They just click that "little blue e" (for Internet Explorer) to "get on the Internet." With that in mind, Google cobbled together this quick introductory video: "What is a browser?" Take a look: Now, fess up: Were you the target audience for this video, or did you roll your eyes and think, "Oh, come on"? Seriously, we're curious. We know that many Business Hacks readers are as tech-savvy as they come, but we also wonder if there are some novices out there who deserve more help-and-how-to posts. Leave a comment...
On October 7, 2009

European Commission Calls for Massive Renewable Energy Investment

Hoping to break its reputation as a low-innovation zone, the European Commission is recommending that the area spend almost 8 billion euros yearly between 2010 and 2020 on renewable energy technologies, raising its competitiveness with the United States and Asia. The EU is coming in behind similar efforts from its two major competitors, the US and China. In the US, the recession provided an excuse to pump a massive amount of stimulus funding into the renewables industry. China has spent less on a dollar-for-dollar basis, but has numerous policies to encourage growth in cleantech companies with high R&D budgets. For the moment, it's just a recommendation, but the EU is undoubtedly feeling the competitive pressure. Reuters has the full breakdown,...
On October 7, 2009

Why Are Women So Unhappy At Work?

Women, much more than men, are considering leaving their jobs. Progressive companies such as Intel are fighting to keep them engaged. But what's really going on here? Why are women so unhappy at work?
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