Google wins trademark April 29, 2010 A federal judge yesterday dismissed a trademark infringement lawsuit filed by language software maker Rosetta Stone against Google. In a suit first filed in 2009, Rosetta claimed Google profits by allowing rivals that pirate its technology to buy the top “sponsored link” ad on search results pages. Consumers who search for “Rosetta Stone” on the [...]
Taylor leaves Citi April 29, 2010 Richard Taylor, head of European equity research at Citigroup, is expected to join Jefferies & Co as head of European equity research. The global securities company hired Taylor away from Citigroup as top banks fight it out to hire the world’s best stock analysts. Taylor, said that while volatility remained low and the trading range [...]
SPQR correction April 29, 2010 On 23 January we wrote that investors in the hedge fund SPQR lost £1.3bn in the pre-pack administration of Greek telecoms group Wind Hellas. In fact SPQR was only one of a number of investors in Wind Hellas, who together lost a combined total of £1.3bn. SPQR itself only lost a small amount which we [...]
Tighter fiscal policy needed for weak UK April 29, 2010 BESET by fiscal troubles and subdued consumer spending, the UK economy will only manage to grow by one per cent this year before picking up slightly in 2011 and 2012, the National Institute for Economic and Social Research (Niesr) will say today in its latest raft of forecasts. The think-tank expects that four-fifths of this [...]
CITY VIEWS: WILL GREECE’S DIFFICULTIES LEAD TO THE COLLAPSE OF THE EURO? April 29, 2010 OLIVER SADLER | ALLSOP “I think the IMF will stand in to stabilise Greece and prevent the contagion from spreading to other European countries. I don’t think the euro will collapse as a result of the Greek crisis.” JAMES BURGESS | TEMENOS “Its a positive thing that all of the nations in Europe are working [...]
British consumers remain cautious over year ahead April 29, 2010 BRITISH consumers are still cautious about the future for both their personal finances and the general economic situation, the latest consumer confidence survey from GfK NOP will show today. The overall consumer confidence index dipped by one point in April to -16, but is still well above last April’s figure of -27. The uptick in the [...]
HOUSE PRICES RISE FURTHER IN APRIL April 29, 2010 HOUSE prices rose one per cent in April according to Nationwide, in spite of concerns about a double-dip slump in the UK housing market. The upwardly-revised March figure of one per cent fully offset the dip in February. The annual change is now at 10.5 per cent, the first double-digit annual rise since June 2007.
Eurozone retail sales fall in April April 29, 2010 Survey data from Markit revealed that retail sales in the Eurozone fell for a fourth successive month in April but the pace of decline slowed. The index rose to 47.2 from 46.9 in March but remained below the 50 level that separates growth from contraction. Sales in Germany fell at a sharper rate while France [...]
Lending to Eurozone firms drops April 29, 2010 Lending to Eurozone firms fell in March, according to fresh data from the European Central Bank (ECB). Figures showed that corporate borrowing fell by €7bn (£6bn) in March compared to February, and was 2.4 per cent weaker on March 2009. This was offset by a €16bn increase in lending to households, with most of the [...]
Eurozone consumers still upbeat April 29, 2010 Sovereign debt woes have not yet dampened consumer sentiment in the Eurozone, an EC survey showed yesterday. The economic sentiment indicator rose to a 25-month high of 100.6 points from March’s upwardly revised 97.9. Data was collected prior to this week.