Seamless and simple: the Steve Jobs television dream May 14, 2012 AFTER Steve Jobs realised he was terminally ill, he made a dying wish. “When I was diagnosed with cancer, I made my deal with God or whatever,” he said in 2007, “which was that I really wanted to see Reed [his youngest son] graduate”. Tragically, he didn’t get the chance: Reed Jobs is due to [...]
CITY VIEWS WOULD YOU BUY AN APPLE TV? May 14, 2012 RICHARD LAMBERT FORMER DIRECTOR-GENERAL OF THE CBI I’m reading the Steve Jobs biography so the answer is I have no choice, I’ll have to buy it. Apple has done a compelling job in producing products that we always wanted but never knew we did. DOMINIC HENNESSEY NORTON ROSE I’ve already got a TV that’s similar so unless [...]
Invensys stock climbs on bid reports as group heads for forecast profit drop May 14, 2012 INVENSYS shares were boosted by five per cent yesterday following reports this weekend that potential bidders are circling the engineering company. Siemens, General Electric, ABB and Emerson were said to have approached Invensys within the past few weeks in a sign that interest in the FTSE 250 company is intensifying. Analysts were divided over the [...]
Channel 4 ups UK investment May 14, 2012 CHANNEL 4 yesterday posted an annual pre-tax profit of £44m, down 19 per cent, as its share of viewing declined slightly. But revenues climbed by £6.2m to £941.4m, boosted by profits from box office success The Inbetweeners Movie, prompting the broadcaster to increase its budget for UK commissions by £5m to a historic high of [...]
News Corp to buy in China May 14, 2012 NEWS Corp said yesterday it has agreed to buy a 19.9 per cent stake in Bona Film Group, a Chinese film production and distribution company. The financials of the deal were not disclosed, although a market cap of $363m (£225.5m) points at a price under $70m. Murdoch’s conglomerate will acquire the stake directly from Bona’s [...]
FORMER YAHOO BOSS DIAGNOSED WITH CANCER May 14, 2012 SCOTT Thompson, the Yahoo chief executive who stepped down over the weekend following revelations that he lied about his academic record, has reportedly been diagnosed with thyroid cancer. A source said Thompson, who took the helm of Yahoo in January, resigned due to the diagnosis as well as the fiasco over his fabricated CV.
Global red tape holding back British exports May 14, 2012 TRADE barriers around the world are stopping small companies exporting and holding back efforts to rebalance the economy towards export-led growth, a survey has revealed today. Just 32 per cent of small exporters sell goods or services to the fast-growing BRIC economies, compared to 73 per cent of larger firms, according to a study by [...]
Under-employment soars as workers only get part time jobs May 14, 2012 THE NUMBER of men working part time because they cannot find a full-time job has more than doubled in the last four years, according to a new analysis of official data published today. The Trades Union Congress (TUC) found the number of under-employed men jumped from 293,000 in December 2007 to almost 600,000 in the [...]
Low-income households worse off after excessive use of credit May 14, 2012 BRITAIN’S low- to middle-income households were reliant on borrowing to fund much of their spending for more than a decade before the financial crisis, according to a report out today. The poorest 10 per cent of families outspent their income by 40 per cent by 2007, the Resolution Foundation revealed today. These huge burdens in [...]
China loosens credit rules to bolster flagging growth rates May 14, 2012 CHINESE authorities have cut the amount of money the country’s banks have to hold, in the hope of stimulating the economy and bolstering growth. The 50 basis point cut leaves the reserve ratio requirement at 20 per cent, effective from 18 May, allowing banks to boost lending by around 400-500bn yuan (£39.4bn to £49.2bn). Interest [...]
