LONDON: A chain of live music shows is slated for Saturday across the globe to canvass for the poor and to put pressure on the rich to dole out more funds. Over 100 renowned rock and roll stars and musicians will be seen in action in what is described as the greatest music show ever organized, telling the world leaders they must care for the poor.

Dubbed Live 8, it is an extension of the Live Aid show in 1985 and will be staged simultaneously in 10 cities in four continents. London is expected to be the key centre, where 10 grand concerts are planned with Paul McCartney and Bono of U2 rendering “Sergeant Pepper’s Lonely Hearts Club Band” at the inaugural.

Live8’s organizer Bob Geldof says he is more concerned about people power than money. The concerts are intended to force the leaders of the eight industrialised countries — the G8 — to commit more of their resources to tackle poverty, mainly in Africa. The show is to precede the G8 leaders’ meeting in Gleneagles in Scotland next week.

A Live8 website notification said, “Ten concerts, 100 artists, a million spectators, two billion viewers, and one message … to get those eight men, in that one room, to stop 30,000 children dying every single day of extreme poverty.”

In 1985, Live Aid, organised by Geldof again, had a captive audience of 1.5 billion television viewers. It had generated spontaneous donations worth $100 million in aid for the Ethiopian famine victims. This time around, the organizers feel the reach will be more with Internet and mobile phones.

Geldof says in specific terms, he would want the aid to poor nations to be doubled, debts of these nations to be waived and international trade rules to be made fairer.

Live8, estimated to cost around 25 million pounds, has been well accepted by aid groups. Its run-up has been proved to be effective to a certain extent. There has been a recent waiver by the United States and Britain of $40 billion in debt and the U.S. government has pledged to double aid to Africa and Latin America.

Live8’s motto is “We Don’t Want Your Money — We Want You”. The shows are free.

In London, some 200,000 people are expected to converge at Hyde Park to hear besides McCartney and Bono, a host of singers like Elton John, Madonna and Pink Floyd.

Apart from London, the shows will be staged in Paris, Rome, Berlin, Moscow, Johannesburg, Tokyo, Philadelphia and Toronto, all cities in G8 countries. In addition, there will be an all-African concert at the Eden Project in southwest England and one in Johannesburg.

While the event will be telecast live by MTV and VH1 from each concert site, ABC is airing a two-hour capsule on the highlights. America Online’s www.aolmusic.com will present live feeds of the concerts from Berlin, London, Rome, Toronto, Philadelphia and Paris.

The organisers claim more than 85 per cent of the world’s population will have access to the show either through television, radio or Internet.

The show’s organizers plan to reach Scotland with protesters in the coming week.

Geldof has written an open letter to the leaders of the G8 countries, saying they are the real “stars of the show”. A failure to achieve “a historic breakthrough” at Gleneagles summit would betray the world’s poorest people, he said.

LONDON: State-owned nuclear energy company British Nuclear Fuels (BNFL) is all set to sell its Westinghouse power plant construction business.

Westinghouse, headquartered in Pittsburg, U.S., and with its operations concentrated mostly in that country, is valued at over 1 billion pounds. It has some 8,000 staff worldwide. For the year ending March 2005, the unit had recorded sales at 1.1. billion pounds and profits before interest and tax at 43 million pounds.

BNFL said it has received substantive offers. Companies like General Electric Co and some private equity firms are speculated to be in the run.

BNFL’s chairman Gordon Campbell said in a statement Friday, the company’s strategy review concluded that the company’s businesses would be managed to deliver value and control risks to the U.K. tax payer and in line with this strategy, “we are starting a structured sales process for the Westinghouse business”.

BNFL said its losses have gone up to 344 million pounds in the year ending March 2005 compared with 194 million pounds a year earlier. The company operates the Sellafield nuclear-reprocessing facility in northwest England.

BNFL’s chief executive Mike Parker told newspersons that the sale process has been initiated and the 10 to 15 interested parties will be provided with information packs by the company’s banker NM Rothschild next week. He said the full sale process will take about two years.

Parker said the increase in oil prices has caused a “change in the attitude and atmosphere towards nuclear (power). As a mature and a semi-autonomous business, Westinghouse is a prime asset that has all the skills to prosper in the private sector. It has reached all its targets, continues to win new business and is in an excellent position to capitalise on the China new-build programme.”

BNFL has three strategic divisions now — Westinghouse; British Nuclear Group, (engaged in decommissioning and clean-up work) and Nexia Solutions (a research and technology wing).

It has transferred most of its U.K. assets to the Nuclear Decommissioning Authority and the BNG division is left with the work of cleaning up Britain’s nuclear sites. This is a highly competitive area, especially with several private sector players in the field.

The company’s union, Prospect, which represents 6000 scientists, engineers and managers, fears that the sale will rob the company of its expertise when the country is trying to build more nuclear power stations.

In April this year, BNFL had a “level three” leak from a pipeline carrying nuclear waste at Thorp. The leak was contained in a heavily shielded cell without any damage to people and property.

REDMOND, Washington: Britain’s Vodafone Group Plc is aligning with Microsoft Corporation’s MSN division to introduce an instant messaging service that facilitates interaction between a mobile phone and a personal computer. The two companies will together launch the service, described as enhanced messaging service — the first of its kind — in several European countries by year-end.

The two companies in a statement said the service will enable users to see their contacts and exchange messages between a MSN Messenger on a computer and a Vodafone Messenger on mobile phones, bringing together the 165 million users of the latter and the the 155 million of the former around the world.

Vodafone is the world’s largest mobile operator by revenues. It said the proposed service will be charged on the basis of “calling party pays”.Users of MSN Messenger, who do not pay for the IM service, would be able to reach Vodafone customers by purchasing online with a credit card.

The service is to go into trials in July and will be initially introduced in Italy, Spain and the Netherlands in the next two months, a Vodafone spokesperson said.

Vodafone’s instant messaging facility is used by customers of its Live! service mainly for purposes of downloading games, movies and music.

Messages sent from a Vodafone handset to a computer will be delivered in text and will take some time before it lands in the MSN Messenger panel.

NEW YORK: Charlotte, North Carolina-based Bank of America is buying out MBNA Corporation, the largest independent credit card operator in the U.S. for $35 billion. The acquisition will push the No 2 U.S. bank (and No 5 credit card operator) as the world’s top card operator, with 40 million card holders on its rolls and as the largest issuer of debit, prepaid and credit cards from Visa and Mastercards.

The deal will also bring in a business balance of $143 billion to the bank.

The stock-and-cash deal values each MBNA share is valued at $27.50 (a 36 per cent premium) and the company’s shareholders will get 0.5009 of a Bank of America share and $4.125 in cash for each MBNA share.

This is Bank of America’s second big acquisition after the $48 billion purchase of FleetBoston Financial Corp. in April 2004.

The bank’s chairman and chief executive Kenneth Lewis said the acquisition will bring in $31.2 billion in deposits, but it will not exceed the stipulated 10 per cent cap on U.S. deposits.

“Today’s announcement is not only about the creation of one of the world’s largest card providers,” Mr Lewis said. “That is compelling in and of itself. But it’s really a much larger story about two companies with complementary strengths.”

The acquisition will see job cuts to the extent of 6,000 from a combined workforce of 200,000 in order to have savings of $850 million a year by 2007 and to claim a restructuring charge of $1.3 billion.

The bank intends to rebrand MBNA cards with the bank’s name. This may result in some revenue loss as some of the existing MBNA co-branding companies are banks that may not want to continue with the arrangement. MBNA has a number of co-branded cards, called affinity cards, in alliance with several organization.

The deal has been been negotiated and concluded at super speed. It is also linked to a helicopter accident — happened on 17 June — in which several senior MBNA executives, including chief executive Bruce Hammonds were travelling. They escaped the crash that landed them in New York’s East River, apparently while returning from negotiations for a possible acquistion of the company by Wachovia Corporation. The publicity of too many senior officials of the company travelling together and the subsequent rejection of the offer by Wachovia’s board had put MBNA officers in an unpleasant situation. The deal with Bank of America was worked out against this background and Hammonds approached the bank on 22 June and the deal was through on 30 June.

Post-acquistion, the bank said, 55 per cent of its earnings will be from global consumer and small business banking, 17 per cent from global business and financial services, 11 per cent from global capital markets and investment banking and 10 per cent from global wealth and investment management.

The bank had earlier this month announced a $3bn investment in the equity of China Construction Bank.

Recently, JP Morgan Chase had bought BankOne for $59 billion and Wachovia Corporation acquired South Trust Corporation for $14 billion.

SAN FRANCISCO: Sun Microsystems is changing tracks. It is shelving plans to sell its Linux-based Java Desktop System for desktops.

JDS will, however, continue to be there as a product, but as part of Solaris operating system and targeting programmers than end users.

Sun’s executive vice president of software, John Loiacono, told news persons, “You’re going to see less of an emphasis on JDS on Linux. The strategy has changed slightly.”

When Sun launched the project three years ago, JDS was meant to be used both in servers and Linux-based PCs, a combination that would have been cost-effective compared with the Windows OS. It had then announced that a server and 100 PCs using the JDS would cost about $300,000 over five years.

The concept apparently did not click. The company has now made it official that it is “shifting” its marketing emphasis away from JDS for Linux as a way of “targeting resources”.

Loiacono said the focus henceforth will be on JDS for Solaris and Sun Rays. “Right now the developer is using a Sun Ray or a Solaris device.”

How the company will handle customers who have already signed for Linux-based desktops is not certain. For example, the China Standard Software Company had in 2003 contracted to buy 200 million copies of the Linux-based desktop for sale in China. The UK’s National Health Service too has purchased licenses for 5,000 copies after an eight-month trial of the Linux desktop.

Sun’s decision may have something to do about doubts expressed about the viability of Linux as a desktop OS. Though analysts had predicted a rosy picture for the open source software, there is lack of enthusiasm in using Linux mainly because of absence of desktop productivity applications for business / home use. While it is effective on servers, in a field where Microsoft has near total monopoly, it is a losing game.

Alongside, Solaris has become a popular application among developers and naturally Sun would want to capitalize on this. The launch of Solaris 10, OpenSolaris and IBM’s decision to use Solaris 10 for its web sphere, Rational, Tivoli and DB2 software are not just coincidental.

“It’s a way of targeting our resources. With the re-invigoration of Solaris, ISVs are saying ‘you have a platform’. It’s open source, you have new tools and NetBeans which is good – that makes it something that’s viable,” said Loiacono on the decision to change the focus.

LONDON: Britain’s largest ports and shipping firm Peninsular and Oriental Steam Navigation Company (P&O; is ending its association with container shipping. It is selling its entire 25 per cent holding in Dutch company Royal P&O; Nedlloyd to AP Moeller-Maersk of Denmark for 378 million pounds, ending a 40-year-old involvement.

The deal will take the Danish company’s stake in P&O; Nedlloyd to 44 per cent. The sale is being routed through two banks, said Maersk Wednesday, Danske Bank (15 per cent) and Nordea (10 per cent). These banks will in turn sell the holdings to Maersk. A spokesperson said the company had evolved an arrangement with the banks to meet certain prevailing legal formalities.

The stake acquisition is part of Maersk’s plan announced earlier this month to take over P&O; Nedlloyd for 2.3 billion Euros with an aim to consolidate its position as the world’s No 1 container shipping firm. It had offered 57 Euros a share. Although the deal is agreed, it is to receive regulatory approval in Europe and the Americas.

P&O;, however, receives 56.25 Euros a share for its 10.16 million shares. The company said it intends to use the proceeds to reduce its debts, reduce the deficit in the pension fund and invest in the expansion of its port business. A spokesperson said, “Our sole focus in terms of investment at the moment is our ports business.” The company will book a profit of 175 million pounds under International Financial Reporting Standards.

P&O; was one of the founding members of Overseas Containers Limited, which became P&O; Containers in 1985 and merged with Nedlloyd Lines in 1996. The Dutch company owns a fleet of 156 ships calling at 217 ports. Its revenue in 2004 stood at 5.6 billion Euros.

Britain’s biggest supplier Centrica has warned that household energy bills for the year will soar by an unprecedented 15 percent. Its flagship company British Gas has added that there would be a further increase in the bills in the face of escalating gas and electricity costs.

Centrica said in a statement that higher wholesale costs meant it was necessary “for further increases in retail energy tariffs, as has also been signaled by other suppliers.” British Gas could face further depletion in its customer base if the price rise goes through; it has already lost 445,000 since the start of the year.

British Gas managing director Mark Clare said, “All suppliers are facing declining UK gas reserves, high oil prices and the lack of access to European pipelines to get new gas supplies to the market. In the long term, the better news is the investments British Gas is making to secure future energy supplies should help put downward pressure on prices which in turn would benefit consumers.”

Centrica said that wholesale gas prices this year were expected to be 51 percent higher as compared to last year. Consumer group Energywatch warned that these increases would adversely affect Britain’s poorest households, “There comes a point where customers can’t bear any more. Any price rise will have a terrible impact on low earners and vulnerable people. It may be time for companies to think about social tariffs and ways of helping the vulnerable,” it said.

Jeremy Nicholson, director of the Energy Intensive Users Group, which represents companies that use large amounts of energy, said, “This puts manufacturers in an awful position. If they are able to pass the costs on to consumers they will, but manufacturing firms are often competing in international markets and can’t, and so it harms their profits.”

Shona Robison, the SNP shadow health minister, said, “It is very unfair of British Gas, who make such massive profits, to pass this increase on to customers, particularly those on low and fixed incomes. It will increase poverty among groups like the elderly, many of whom are trying to get by on their pensions. I also dread to think how it will affect the health and well-being of those with babies and young children who have so many other calls on their resources.”

Microsoft’s next generation operating system, Longhorn will have features to help PC users subscribe to sites that use the Really Simple Syndication protocol. Microsoft will be announcing this at the Gnomedex conference in Seattle this morning.

Commenting on this move, Windows Group product manager Megan Kidd said, “We believe RSS is the key to how people will use the Internet moving forward. We made a commitment to it, delivering support for RSS in Longhorn that’s integrated throughout the operating system.” Microsoft also said that the RSS capability would be integrated into the OS making it easier for software developers to work on their applications.

Microsoft has also announced the IE 7 will have features that will enable users to be aware of website updates. The IE 7 will display an orange button on the toolbar, which will light up whenever a RSS feed is posted on the site.

Disclosing this Dean Hachomovitch, general manager of Microsoft’s Internet Explorer team, said, “We are making sure that throughout Windows the experiences for users are easy. We want RSS everywhere. I want it in more than just the browser and aggregators. We want to help RSS get even bigger and better than today.”

Microsoft also said that it was working on an extension of the RSS feeds called the Simple List Extensions. These would be made available through the Creative Commons license, thereby allowing other developers to incorporate them into their services and software products.

Mr. Hachamovitch said that Microsoft was really excited about the potential of RSS feeds, “Feeds are everywhere. We are not done with search. There are still a lot of people doing great innovative stuff with search. But there is this other thing called ‘subscribe’. It is not just a feature, it is a new approach. When I subscribe I can say what is interesting to me, the machine can do the work, and I can enjoy the fruits of its labour. It affects your web consumption habits. We believe in ‘subscribe’ very deeply. There is a lot of power and richness there,” he commented.

Longhorn is expected to debut only in December 2006, but Microsoft plans to release a beta at its Professional Developers Conference in September. Gary Schare, Windows product-management director, emphasized that Microsoft would incorporate the RSS features into the beta as well, “We’re making a really big RSS investment in Longhorn. We think RSS will work better than past push technology,” he commented.