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Showing posts from March, 2014

Facebook to Acquire Oculus

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MENLO PARK, Calif., March 25, 2014 Facebook today announced that it has reached a definitive agreement to acquire Oculus VR, Inc., the leader in immersive virtual reality technology, for a total of approximately $2 billion. This includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion based on the average closing price of the 20 trading days preceding March 21, 2014 of $69.35 per share).  The agreement also provides for an additional $300 million earn-out in cash and stock based on the achievement of certain milestones. Oculus is the leader in immersive virtual reality technology and has already built strong interest among developers, having received more than 75,000 orders for development kits for the company's virtual reality headset, the Oculus Rift. While the applications for virtual reality technology beyond gaming are in their nascent stages, several industries …

Initiative Supports Victims of Extreme Forms of Gender-Based Violence

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Vital Voices Global Partnership, the Avon Foundation for Women with Avon Foundation Global Ambassador Fergie, and the U.S. Department of State Launch New InitiativeWASHINGTON, March 21, 2014 / The Global Partnership to End Violence Against Women, a collaboration of Vital Voices Global Partnership, the Avon Foundation for Women and the U.S. Department of State, yesterday presented a new initiative to address gender-based violence: the Gender-Based Violence Emergency Response and Protection Initiative. In making the announcement, Vital Voices CEO Alyse Nelson said, "we are delighted to be part of this new initiative that leverages the knowledge and expertise of our global women leaders to rapidly and effectively identify and respond to the immediate needs of victims. From providing legal services to women who have suffered domestic violence, to creating viable employment opportunities for survivors of human trafficking, these leaders know their communities and they ha…

Unstoppable: Casa mia

Unstoppable: Casa mia

Far East Energy Announces Gas Production Surpasses 2.25 Million Per Day

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HOUSTON,Far East Energy Corporation (OTCBB:FEEC), the U.S. listed company that operates the Shouyang Block Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People's Republic of China, confirms an ongoing increase in gas production from the Shouyang Block.  Submission of the draft Overall Development Plan (ODP) for the core production area at Shouyang is also expected in the near future. Management is pleased to announce that, as of March 11th, production had reached 2,256,466 cubic feet per day (2,256 Mcf/d), following a period of expected steady production growth. This is up 11% from the production figure released February 12th, and is over 3 times higher than the average 738 Mcf/d produced for the week ending November 12, 2013.  Water production for March 11th was 3,763 barrels per day, compared to 3,414 barrels of water per day on November 12, 2013. Commenting, CEO Michael McElwrath said, "We continue to take a conservative approach to the…