Global Business News

An oil consortium led by British Petroleum has won a contract to develop a large oil field in Iraq, as dozens of international firms compete for the rights to the nation's oil and gas reserves.

Read more:http://globaleconomicnews.blogspot.com/2009/07/bp-wins-iraq-oil-contract.html

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Tags: Iraqi Oil, BP, Sinopec, BP Consortium, Oil Minister Hussein al-Shahristani, Baath party, nationalized, Iraq Petroleum Company, Global Economic News, Global Development News, Global Best Practices, China's CNPC, Rumaila oil field, 

Understanding that the Medium is the Message Matters More Than Ever

Since 1964, when Marshall McLuhan coined the phrase "The medium is the message" in his most well-known book Understanding Media: The Extensions of Man, folks have scratched their heads over and argued about the meaning of those words. It's quite simple really: What McLuhan is telling us is that the characteristics of a medium influence how the message is received and understood.

Read more: http://globalbestpractice.blogspot.com/2009/06/medium-is-still-message.html

Tags: Marshall Mcluhan, Global Best Practices, Marketers, Social Media, Pepsi, iPhone, Global IT News, Mean Joe Greene, NASCAR, PDA, messages,

The Department of Energy’s flagship “clean coal” power plant has a new lease on life, thanks to a billion dollars from last year’s stimulus package. The plan to build the plant, which will be the first large plant to capture and bury its carbon dioxide emissions in the ground, was scrapped by the Bush Administration in early 2008.

Rekindling the FutureGen project is a signal that the Obama Administration and Energy Secretary Steve Chu won’t just be supporting wind and solar power, but some new fossil fuel technologies, too.

Read more: http://globalbestpractice.blogspot.com/2009/06/clean-coal-gets-new-backing.html

Tags: Clean coal, geologically complex, FutureGen Alliance,  DOE, US Department of Energy, CO2, Wired, Obama Administration, Energy Secretary Steve Chu, Bush Administration, Global Best Practices, 

SAN FRANCISCO (Reuters) - Social media company Twitter is struggling to craft a profitable business model, but the Web-based service has helped Dell Inc chalk up millions of dollars in sales.

Dell said on Thursday it has raked in more than $3 million from Twitter followers who clicked through its posts to its Web sites to make purchases. The company, which has posted to Twitter about two years and tracks the sales with proprietary software, made more than $1 million in the past 6 months.

Read more: http://globalbestpractice.blogspot.com/2009/06/dell-is-monetizing-twitter.html

Tags: Dell monetizing Twitter, Twitter, Dell, Jetblue, Woot, Zappos, Naked Pizza, Reuters Global Technology Summit, Biz Stone, Nielsen, IDC, Gartner DellOutlet, Global Best Practices, 

Tesla Motors founder Martin Eberhard is suing current CEO Elon Musk, accusing Musk of taking control of the company, orchestrating his ouster in 2007 and attempting to “rewrite history” to take credit for developing the pioneering electric Roadster the two men worked together to create.

The suit accuses Musk of a litany of complaints including libel, slander and breach of contract in alleging that Eberhard was pushed out of the company, wrongfully denied his severance and forced to watch as Musk publicly disparaged him and “compromised Tesla Motors’ financial health.”

“In his zeal to appropriate Eberhard’s legacy, Musk has instead sullied Tesla Motors’ integrity and blemished Tesla Motors’ reputation and prosperity,” the suit states.

Read more: http://globalbestpractice.blogspot.com/2009/06/teslas-founder-sues-teslas-ceo.html

Tags: Elon Musk, Martin Eberhard, Tesla, Tesla motors, Tesla Roadster, Global Best Practices, Defamation, Libel, lawsuit, Zeev Drori,