Director quits Dow Jones over board's endorsement to Murdoch's bid
Following the board of Dow Jones endorsing Rupert Murdoch's $5-billion takeover proposal, Dow Jones director Dieter von Holtzbrinck has resigned in protest, saying the takeover would threaten its journalistic values.

Von Holtzbrinck is the chairman of the supervisory board of his family firm von Holtzbrinck that owns a number of leading German newspapers.

In a letter to his fellow directors, von Holtzbrinck said the News Corp takeover bid was very generous in financial terms, but he was "very worried" about the impact of the bid on The Wall Street Journal and its editorial independence. (Read More)
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Indian innovators get Lockheed Martin Award
A total of 14 Indian innovators have bagged the Innovators' Award instituted by aerospace giant, Lockheed Martin Corporation under its India innovation growth programme for innovation in science and technology.

Seven innovators, including four from Bangalore - Amarnath Bhat of Oriental Software, Naresh Babu of Techweb Technologies, R Gopalan of Composites Technology Park and Mahendra Pratap of Integra Microsystems - won gold medals. Other gold medal winners were Janak Seth of Century Pharmaceuticals, Vadodara, T R Rao of Mumbai and Meera Goel of Som Extracts, Ghaziabad.

Silver medal winners included W Amarnath of Chennai, Mohan Kandaswamy of Oriental Aquamarine Biotech, Coimbatore, Ashwin Bhambri of New Delhi, Joydeb Roy Chowdhury from the CSIR's Centre for Mechanical Engineering Research Institute, Durgapur, Basant Kumar Gupta of Mumbai, Vinod Kalande of Akola, and Nimish Sharma from Aurora Integrated Systems, Kanpur. (Read More)
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