Spotify gets investment interest August 3, 2009 Digital music service Spotify is understood to be close to winning new investment from high-profile investors, including the charitable foundation of Hong Kong tycoon Li Ka-shing. The service, which has been widely tipped to challenge the dominance of Apple’s iTunes, wants to raise cash to improve its status in the US. Since launching in the [...]
Spotify gets investment interest August 3, 2009 Digital music service Spotify is understood to be close to winning new investment from high-profile investors, including the charitable foundation of Hong Kong tycoon Li Ka-shing. The service, which has been widely tipped to challenge the dominance of Apple’s iTunes, wants to raise cash to improve its status in the US. Since launching in the [...]
US car sales jump in July August 3, 2009 US CAR sales jumped to their highest level of the year in July as Americans took advantage of the government’s cash for clunkers scrappage scheme, according to industry figures released yesterday. Ford, led by chief executive Alan Mulally, posted a two per cent increase in sales, its first rise in nearly two years, while other [...]
US car sales jump in July August 3, 2009 US CAR sales jumped to their highest level of the year in July as Americans took advantage of the government’s cash for clunkers scrappage scheme, according to industry figures released yesterday. Ford, led by chief executive Alan Mulally, posted a two per cent increase in sales, its first rise in nearly two years, while other [...]
Sunday Times to launch website August 3, 2009 The Sunday Times newspaper will set up its own website, the company said yesterday, adding that it may charge readers for access to its articles. The paper currently shares a website with its sister title, The Times. The launch would mark the first time a Sunday paper has set up its own site. Rupert Murdoch, [...]
Sunday Times to launch website August 3, 2009 The Sunday Times newspaper will set up its own website, the company said yesterday, adding that it may charge readers for access to its articles. The paper currently shares a website with its sister title, The Times. The launch would mark the first time a Sunday paper has set up its own site. Rupert Murdoch, [...]
New bidders circle Insight August 3, 2009 BANK of New York Mellon and Northern Trust have made a late entry into the race to buy the majority of Insight, the asset manager that Lloyds Banking Group inherited from HBOS, sources said yesterday. Both US banks are understood to have presented binding offers for the unit, valued at between £230m and £250m, with [...]
New bidders circle Insight August 3, 2009 BANK of New York Mellon and Northern Trust have made a late entry into the race to buy the majority of Insight, the asset manager that Lloyds Banking Group inherited from HBOS, sources said yesterday. Both US banks are understood to have presented binding offers for the unit, valued at between £230m and £250m, with [...]
Bank hate is exaggerated and simplistic August 3, 2009 IF WE are to believe most commentators, it is an outrage that Barclays and HSBC were able to report decent profits yesterday. The main reason, apparently, is that there are “fears” that lending remains too tight, and that the dreaded “bonus culture” will return. Needless to say, had the banks reported a collapse in earnings, [...]
Bank hate is exaggerated and simplistic August 3, 2009 IF WE are to believe most commentators, it is an outrage that Barclays and HSBC were able to report decent profits yesterday. The main reason, apparently, is that there are “fears” that lending remains too tight, and that the dreaded “bonus culture” will return. Needless to say, had the banks reported a collapse in earnings, [...]