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Cadbury Schweppes confirmed today that it plans to split its confectionery and American drinks businesses. Analysts said it will make both more vulnerable to predators.
Cadbury, the world's largest confectionery maker, said the move will help unlock value for shareholders and comes after it received support for the split from over 40 percent of its shareholders in meetings with them over the last month.
A Tennesee-based music publishing company that owns the copyrights to 14 No. 1 hit singles, including songs by Tim McGraw, Faith Hill and other country artists, filed a class action lawsuit against YouTube on June 7, eWEEK has learned.The company, Cal IV Entertainment, alleged that YouTube hosts more than 60 of the company's copyrighted songs and accused YouTube of direct, induced, vicarious and contributory copyright infringement.Cal IV argues that even though YouTube complies with the DMCA (Digital Millenium Copyright Act) by removing videos quickly after being notified, the site does nothing
Scottish entrepreneur and the country's richest man, Sir Tom Hunter, has pledged to donate £1bn to charity over the course of his life.In April, Sir Tom was named in The Sunday Times Rich List as Scotland's first home-grown billionaire.The billionaire businessman told Sky News: "Philanthropy has become a great motivator to make more money. For me, it is two sides of the same coin.""I'm positive about wealth creation. I think it is a great positive force in our country."The tycoon describes himself as "fortunate" to have made a lot of money at an early age.Sir
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