September 20th, 2009

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Pierre Omidyar – Founder of the eBay

Pierre Omidyar was born on the 21st of June, 1967 and is an Iranian-American entrepreneur born in France. His birth-place was Paris, France and his parents were Iranian immigrants. His father was a surgeon and his mother had earned reputation as an academic. The family immigrated to US when Omidyar was six years of age. He grew up at Washington D.C. and his interest in computers developed when he was at St. Andrew’s Episcopal School in Potomac, Maryland. He graduated in computer science from the Tufts University and soon after he began his career with Claris, a subsidiary of Apple Computers. In 1991, Pierre co-founded the Ink Development. It was a pen-based computing startup that later came to be known as e-commerce company and rechristened as eShop.

When Pierre was on a holiday weekend, he was busy developing the original computer code for what came to later known as eBay, the super-brand auction site. On the 4th of September 1995, Labor Day, eBay was officially launched. The services in the site were initially free but charges were introduced later on to meet the internet service provider expenses. In 1996, Jeffery Skoll joined the company and two years later, a public offering was launched and Pierre and Skoll both evolved as billionaires. Currently, the shares owned by Omidyar are an estimated $2.65 billion. The Omidyar Network with his wife Pam, is another of his achievements.

Written by srini on September 20th, 2009 with no comments.
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Money market accounts can earn you good dividends

In comparison to the checking account rates, the money market does offer better returns. The investor can attain effective interest earnings as well as indulge in active and profitable cash management. There are several banking institutions that can be resorted to in this aspect. The APY percentage for the savings account is 2.30% and the interest rates are 2.27% in the Valley Community Bank. In Choice Financial, the APY percentage is 2.26% in their RateBuilder Savings. The given APY percentage is for one month introductory rate and then the rates revert to the usual rate tiers. The investor is not allowed to make than over six withdrawals or transfers each month.

For the Georgia residents, there is the Darby Direct. The savings account in this bank offers 2.25% on their high yield online savings account. Then, there is the Quantum National Bank that offers 2.00% interest rate on their money market accounts and an APY percentage of 2.02%. This allows the investor earn as much as $100,000 as an APY. In the UFB Direct, the interest rate for the savings account is 1.98% and the APY percentage is 2.00%. This is a US Savings account where the investor is allowed to make six pre-authorized transfers for each cycle period. One can also access this account with his ATM card. You can get to know about the rates from the UFB Direct website. //

Written by srini on September 20th, 2009 with no comments.
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