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Online startup seeks to rival the Ivy League
Apr 4th, 2012
(Reuters) - Former Silicon Valley CEO Ben Nelson has two years and $25 million to transform higher education. The 36-year-old executive, who has run the Snapfish photo-sharing website and the Redbeacon home-maintenance site, said this week that he had landed $25 million in seed money for an audacious new venture: creating an elite global university online. From scratch. The Internet already teems with online universities, both private and public, respected and questionable. But Nelson is betting the world could use a brand-new model. ... (Source: Reuters) -
By James Davey LONDON (Reuters) - British supermarket chain Wm Morrison is investing more than 200 million pounds in a 25-year deal with online grocer Ocado, seeking to catch up with rivals in home delivery and sending Ocado shares to a record high. Morrison, which trails Tesco, Wal-Mart's Asda and J Sainsbury in annual sales, has suffered fal... [Full Article]
SAN FRANCISCO (Reuters) - Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continue to shrink. Revenue in its fiscal first quarter ended May 3 fell to $14.1 billion, while net income fell to $130 million, Dell ... [Full Article]
By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust regulators have given some of Google's rivals more time to study its proposals to settle anti-competitive complaints, which could provide more leverage to pry further concessions from the Internet search giant. The European Commission last month told interested parties they had until May 26 to ... [Full Article]
JERUSALEM (Reuters) - Israel responded favorably on Tuesday to an apparent softening by Arab states of their 2002 peace plan after a top Qatari official raised the possibility of land swaps in setting borders between the Jewish state and an independent Palestine. The original Arab League proposal offered full recognition of Israel but only if it ga... [Full Article]
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