— This is the script of CNBC's news report for China's CCTV on April 15, Tuesday.
Welcome to the CNBC Business Daily.
Google is targeting the skies to get ahead of its rivals.
After robots and "driver-less" cars... the silicon valley giant is now betting on the drones to give it an edge.
It has acquired Titan Aerospace, a startup that is building drones which was also on Facebook's radar.
Bertha Coombs has the details.
Now Google is looking to fly high with drones, reportedly beating out Facebook to acquire Titan Aerospace. Titan's drones are solar powered and reportedly can stay in the air for extended periods. We're talking years. Analysts say Google will likely use the technology for its Google Earth mapping, potentially replacing satellite imagery at a lower cost. The drones may also be used for extending internet coverage. Google has a pilot programme with balloons in New Zealand to provide internet service in the sky. The team from Titan Aerospace will work closely with Project Loon according to the Wall Street Journal. It's been building high altitude balloons capable of beaming internet connectivity now for about 6 months since they've had this pilot programme going. This comes after the firms purchase meantime of the robotics firm's Boston dynamics. Remember you've seen last December, the seventh robotics company now in the stable being run by android creater Andy Rubin. So they kinda have a whole fleet. They've got the airforce, balloons, robotic animals, they have self-driving cars, a very interesting move. No word on how much they paid. According to reports, Facebook had offered up to $60 billion for Titan but instead wound up paying 20 million to acquire Acenta, another aerospace company that specializes in drones that fly for extended periods. So we could at some point see the skies filled with drones by these big tech companies doing something other than defence work.
And that wraps up this edition of the Business Daily.
I'm Sri Jegarajah, reporting from CNBC's Asian headquarters.
SOME FAMILIAR NAMES AT THE TOP OF THE LIST, LEGENDARY NAMES IN THE WORLD'S OF MEDIA AND TECHNOLOGY, BUT WE ARE GOING TO START WITH NUMBER FIVE ON THE LIST.
EMERSON ELECTRIC'S DAVID FARR GETTING THE BIGGEST PAY RAISE AMONG THE 100 CEOS. THE 25.3 MILLION HE EARNED IN SALARY, CASH AND STOCK BONUSES AS WELL AS PERKS UP AN IMPRESSIVE 264% FOLLOWING A YEAR OF RECORD REVENUE FOR THE ENGINEERING COMPANY.
HONEYWELL'S DAVID COTE EARNINGS A HAIR MORE - IN CEO TERMS THATS 100,000 - HIS TOTAL PACKAGE OF 25.4 MILLION UP 56% AFTER HIS FIRM RACKED UP A 47% TOTAL RETURN.
A PERENNIAL ON THE HIGHEST PAID LISTS, TWENTY FIRST CENTURY FOX'S RUPERT MURDOCH EARNED 26.1 MILLION IN 2013. ALONG WITH BEING THE THIRD HIGHEST PAID CEO, HIS SALARY OF 8.1 MILLION IS THE LARGEST AMONG THE TOP 100.
CONTINUING WITH THE MEDIA THEME, DISNEY'S BOB IGER CHECKS IN A NUMBER TWO. HIS TOTAL PAY OF 34.3 MILLION FELL SEVEN PERCENT FROM 2012, EVEN AS THE MEDIA GIANTS' TOTAL RETURN ROSE 29%.
AND TOPPING THE LIST, AS HE'S DONE IN THE PAST, ORACLE'S CEO AND FOUNDER LARRY ELLISON WHOSE 77 MILLION DOLLAR OPTION AWARD MADE UP MOST OF THIS 78 MILLION IN TOTAL PAY. THE SOFTWARE GIANT CONTINUING TO IGNORE SHAREHOLDERS WHO'VE VOTED "NO" ON EXECUTIVE PAY FOR TWO YEARS IN A ROW.
MEDIAN PAY FOR THESE TITANS OF INDUSTRY ROSE 9% LAST YEAR TO 13.9 MILLION, WITH AVERAGE PAY COMING IN UNCHANGED AT 14.6 MILLION.
THE RISE TO BE EXPECTED GIVEN 56% OF PAY IS TIED TO THE STOCK MARKETS PERFORMANCE AND IT ROSE 30% LAST YEAR.
THE BOTTOM THREE ON THE LIST, MICROSOFTS STEVE BALMER WITH 1. 2 MILLION IN PAY, WARREN BUFFET WITH JUST UNDER HALF A MILLION AND GOOGLES LARRY PAGE WITH HIS DOLLAR A YEAR SALARY.
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