Website founder faces jail January 14, 2010 The founder of a global criminal website that traded stolen financial details is facing jail. Renukanth Subramaniam, 33, ran Darkmarket from an internet café in Wembley, enabling criminals to buy the stolencredit card details of tens of thousands of people. Subramaniam yesterday pleaded guilty at Blackfriars Crown Court to conspiracy to defraud and furnishing false [...]
Chips are up for Intel as profits lift shares January 14, 2010 CHIPMAKER Intel yesterday posted soaring fourth quarter profits, boosting hopes that the recovery in the technology sector is underway. The world’s largest computer chip company said sales had picked up strongly in the past three months, with revenues rising 29 per cent to $10.6bn (£6.5bn), beating analyst expectations of $10.2bn. Shares in the group rose [...]
Retailers fear long hangover following Christmas splurge January 14, 2010 BRITONS defied the recession to splash out on laptops, TVs, food mixers and robotic hamsters at Christmas, but retailers fear cutbacks this year as real incomes are trimmed by taxes rise and unemployment. Analysts rushed to upgrade 2009-10 profit forecasts for firms including electricals group DSG, household goods retailer Home Retail and bicycles-to-car parts chain [...]
Highest earners punished as London tops world tax league January 14, 2010 CITY workers paid £1m a year will be the worst off high earners in the world when the 50 per cent rate of income tax is introduced from 6 April. A Londoner on £1m will take home £300,000 less than someone on the same salary in Singapore, £130,000 less than a similar earner in Tokyo [...]
IDC puts itself up for sale January 14, 2010 US-listed global information provider Interactive Data Corporation (IDC), majority owned by media company Pearson, is believed to be seeking possible buyers. IDC’s stable cashflow and high profit margins are likely to prove of interest to private equity groups, with its fixed income and illiquid securities pricing business proving resilient in the recent recession. A sale [...]
WEF warns of fresh trouble January 14, 2010 There is now more than a one-in-five chance of another asset price bubble implosion costing the world more than £1 trillion, and similar odds of a full-scale sovereign debt crisis, the World Economic Forum (WEF) warned yesterday in its annual report on global risks. It cited a sharp slowdown in China as one of the [...]
Rio Tinto makes iron ore record January 14, 2010 London-listed miner Rio Tinto reported a 50 per cent jump in fourth-quarter iron ore production yesterday, reflecting surging demand from Chinese steel-makers and setting an Australian mining record. However, Rio said it remained cautious for the year ahead.
Banks and miners lift FTSE but retail shares take a dive January 14, 2010 STRENGTH in miners helped Britain’s top share index to a 0.5 per cent rise by yesterday’s close after soaring output figures from Rio Tinto boosted the sector, but retailers fell on weak trading updates. The FTSE 100 ended 24.72 points higher at 5,498.20 after falling for two days, pressured by China’s decision to tighten banks’ [...]
Technology stocks boost Wall Street January 14, 2010 TECHNOLOGY shares drove Wall Street higher yesterday on bets ahead of Intel’s quarterly results that business spending will bolster profits in the sector. After the bell, Intel Corp, a Dow component and the world’s largest chipmaker, reported a quarterly profit that beat expectations. Its shares rose 2.5 per cent ahead of the results. Intel results [...]
Trio of injuries deepen Reds’ misery January 14, 2010 LIVERPOOL’S traumatic week went from terrible to cataclysmic yesterday when a glut of fresh injuries saw top scorer Fernando Torres ruled out for at least six weeks. Under-fire Reds manager Rafael Benitez must have wondered how circumstances could get much worse on Wednesday night after watching his side’s FA Cup hopes die with a third-round [...]
