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Consumer Corner: Foreclosure settlement no magic bullet for economy
SAN FRANCISCO, Nov. 6 (UPI) -- U.S. Internet auction giant eBay and founders of online calling service Skype have agreed to end legal challenges over the sale of Skype last month.
eBay said Skype founders Niklas Zennstrom and Janus Friis would own 14 percent of the reconfigured Skype and control two seats of the company's board.
The online auction company's holdings would drop to 30 percent, while a consortium of buyers would hold 56 percent, The New York Times reported Friday.
"Skype will be well positioned to move forward under new owners with ownership and control over its core technology," eBay Chief Executive Officer John Donahoe said in a statement.
"At the same time, eBay continues to retain a significant stake in Skype and will benefit from its continued growth," he said.
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SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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