Apple admits software error July 4, 2010 Apple has come clean about an embarrassing software glitch that overstates network signal strength in its hot-selling iPhone, as complaints mounted about the phone’s wraparound antenna. It admitted its signal strength miscalculation dates back to its original 2007 iPhone. It promised to fix the glitch in a few weeks, but did not directly address concerns [...]
Roma faces UniCredit ownership July 4, 2010 Roma football club could find itself under the ownership of UniCredit as its majority stakeholder faces the prospect of bankruptcy. Rosella Sensi, whose family bought the stake in Roma in 1993, could lose her Italpetroli oil firm after running up debts of €400m (£330m). If the firm, which is 49 per cent owned by UniCredit, [...]
Stroeer plans July IPO July 4, 2010 German advertising group Stroeer is aiming to list on the stock market on July 15 in what would be the country’s first IPO since Greece’s debt crisis spooked financial markets. Stroeer on Friday said it planned to sell around €275m (£227m) worth of shares from a capital increase and would use the proceeds to finance [...]
Goldman and TPG close in on Ontex July 4, 2010 GOLDMAN Sach’s private equity wing is close to completing the purchase of nappy-manufacturer Ontex in partnership with American buy-out house TPG for more than €1.2bn (£990m), reports the Sunday Telegraph. The deal to purchase Ontex from Candover nearly collapsed when Goldman Sach’s original equity partner pulled out, but the late addition of TPG has kept [...]
Like football, financial services is truly global July 4, 2010 THE ENGLISH team may be out of the 2010 World Cup in South Africa, but there is no question that, when it comes to finance, we are in the premier league. However we cannot ignore the fact that our rapidly developing counterparts are becoming more important on the global stage and challenging Europe’s competitiveness. That [...]
Twilight eclipses movie rivals July 4, 2010 The latest “Twilight” movie sailed past the $100m ( £65.8m) mark during its third day at the North American box office, and was forecast to approach a record-breaking $200m by the end of the US Independence Day holiday weekend, according to weekend estimates say. “The Twilight Saga: The Eclipse,” knocked “Toy Story 3” from the [...]
Obama gives $2bn for solar energy July 4, 2010 US president Barack Obama, under pressure to spur job growth, said two solar energy companies will get nearly $2bn (£1.3bn) in US loan guarantees to create as many as 5,000 green jobs. The US Energy Department offering includes $1.45bn in loan guarantees to Abengoa Solar to help it build Solona, one of the largest solar [...]
Warburg, maker of the modern City July 4, 2010 WITH a tan topped up over the weekend by a stay on a Greek island and his TV don’s hair – which looks like a tame version of Melvyn Bragg’s – a crisp white shirt, relaxed manner and a gentle Scottish accent, Niall Ferguson is without doubt a smoothy-chops. He’s also one of the best-known [...]
CITY GOES RURAL IN A PASSION FOR SPEED July 4, 2010 CITY petrol-heads were out in force over the weekend, among 175,000 visitors to the Goodwood Festival of Speed at Goodwood House outside Chichester. Among the business visitors to the F1 racing event were Arnauld Bamberger of Cartier, Audi’s Peter Duffy, BlackRock’s James Charrington, and Alfa Romeo/Fiat Group’s Richard Gadeselli. They turned out to watch top [...]
BILL OF THE WEEK July 4, 2010 THAT 4 July feeling clearly caught on in London last week as a gaggle of hungry City boys went to town this week at the diner-style Blues Kitchen in Camden. To start, they ploughed their way through piles of crispy onion rings and ribs washed down with creamy passion fruit and peanut-butter chocolate milkshakes. For [...]