Saturday, March 10, 2007

Turkey has 25 names on Forbes billionaires list

Turkey has 25 names on Forbes billionaires list

Among the world's 946 billionaires, 25 are from Turkey, according to a recent survey by Forbes magazine. Hüsnü Özyeğin was ranked the world's 249th richest man with $3.5 billion.

Mehmet Emin Karamehmet followed him with $2.4 billion, the 390th-richest person. Third and fourth place in Turkey were Şevket Sabancı and Erol Sabancı with $2.1 billion.

REad the full report here from Today's Zaman

The $12 billion US Entertainment and Games Software

1,000 Companies Operate in the $12 billion US Entertainment and Games Software

March 09, 2007

Research & Markets has announced the addition of the First Research report: Entertainment and Games Software - Industry Profile to their offering.

Summary

The US entertainment and games software industry includes about 1,000 companies with combined annual revenue of about $12 billion. Major companies include Electronic Arts, Activision, THQ, and Take Two Interactive, along with divisions of large integrated companies such as Microsoft, Sony, and Nintendo. This report provides more data and stats about this industry

Read the full press release here @ Business Wire

Tennessee, USA State lottery hits $3 billion ticket sales

State lottery hits $3 billion mark for ticket sales

The Tennessee state lottery has hit the $3 billion mark.

The three-year-old lottery has hit the $3 billion mark for gross ticket sales, lottery officials said in a press statement this morning.

Lottery funding benefits state education programs

Read the full news report here @ Tennessean

South Africa To Invest 25 Billion Rand In Fighting HIV/AIDS

South Africa To Invest 25 Billion Rand In Fighting HIV/AIDS

March 9th 2007

South Africa announced Friday it would spend 25 billion rand (3.3 billion dollars) fighting HIV/AIDS over the next five years.

The government aims to half the number of new HIV infections by 50 per cent by 2011 and provide treatment to a least 80 per cent of HIV-positive people

See more from this news report @ Playfuls

FAA Plans $1 Billion Spending Boost By 2012

FAA Plans $1 Billion Spending Boost By 2012

Mar 9, 2007
By Adrian Schofield/Aviation Daily

FAA plans to increase its capital spending on modernization efforts by more than $1 billion a year by fiscal 2012, with the largest increase -- nearly $500 million -- slated for FY2009.

Spending is expected to be about $2.5 billion in FY2008 and $3.5 billion four years later. The bulk of the capital increase will be in projects supporting the Next Generation Air Transportation System (NextGen).

Read the full news report here @ Aviation Week

Premium Video to Reach $277 Billion in 2010

Premium Video to Reach $277 Billion in 2010

Mar 12, 2007

Revenues from pay TV, mobile video, DVD, broadband video and theater/box office receipts will reach $277 billion by 2010, up from less than $200 billion in 2006, according to iSuppli Corporation.

Read the full report here @ eMarketer

Exxon sees oil, gas projects spending of $20 billion a year through 2011

Exxon sees spending of $20 billion a year through 2011

Mar 8, 2007

Exxon Mobil Corp. plans to spend about $20 billion annually through 2011 and start production at 25 major oil and gas projects over the next three years, the oil company said.

The projects will add about 1 million barrels of oil equivalent per day (BOEPD) to its base volumes when they reach their peak, Exxon Mobil said. The company was producing about 4.2 million BOEPD at the end of 2006.

Full news report here @ Reuters