Former executive of Microsoft Corp., Jeff Dossett, has been hired by Yahoo Inc. to run the Internet giant's media operations. Dossett, an accomplished mountain climber, was most recently the general manager of Microsoft's MSN. com.
Dossett joins in place of another former Microsoft alumnus, Scott Moore, whose resignation is the latest in a series of high-level departures at the company this year. He will report to report to Hilary Schneider, executive vice president of Yahoo US.
In a last-ditch effort to win US antitrust approval, Yahoo Inc and Google Inc have drastically scaled back the scope of their search advertising deal, calls for Google to place ads next to some Web search results on Yahoo, lifting Yahoo's revenue.
The companies had said in June that the search ad deal was expected to boost Yahoo's cash flow by up to $450 million in the first year.
Lusaka, Zambia - The decision by the United Nations World Food Programme (WFP) to phase out food aid to refugees in two camps in Zambia will leave about 3,000 people vulnerable to hunger, the United Nations High Commission for Refugees (UNHCR) said Tuesday.
UNHCR Representative to Zambia James Lynch said the WFP had informed his office that it would stop providing food to all but the most vulnerable refugees at Zambia's Meheba and Mayukwayukwa camps in 2009.
New Delhi, Nov 4 : Prime Minister Dr. Manmohan Singh has constituted an Apex group under his chairmanship to coordinate the Government’s response to points raised by Industry from time to time.
The members of the Apex Group are the Finance Minister, Industry and Commerce Minister, Deputy Chairman Planning Commission and the Governor, Reserve Bank of India.
The Group will meet regularly to coordinate, decide the Government’s response to the points raised by industry from time to time with regard to the current global financial crisis and its impact on India.
New Delhi, Nov 4 : Union Finance Minister P. Chidambaram met the head of the Public Sector Undertaking (PSU) banks in New Delhi on Tuesday to review the liquidity situation in the country.
The meeting came a day after Prime Minister Manmohan Singh''s meeting with captains of Indian industry, who wanted the government to take steps to enhance liquidity.
Chidambaram said liquidity is a snapshot and liquidity is an everyday affair. India''s central bank has been keeping a close watch on liquidity.