Finnish mobile firm’s fightback will prove futile June 9, 2011 ANOTHER day, another blow for Nokia. Richard Green, the firm’s technology supremo, has quit after just one year in the job, and you can hardly blame him. Even chief executive Stephen Elop has described the company as a “burning platform”; Green obviously thought it was a sinking ship. Much has been made of Nokia’s slaughter [...]
Fresh blow as Nokia sees technology boss walk out June 9, 2011 NOKIA yesterday said its chief technology officer has taken a leave of absence and sources say he is unlikely to return after disagreements with management on strategy. Richard Green is said to be unhappy with decisions such as abandoning the MeeGo operating system it was developing with Intel in favour of going with Microsoft’s Windows [...]
CITY VIEWS: ARE YOU WORRIED ABOUT FACEBOOK’S FACIAL RECOGNITION TOOL? June 9, 2011 GILLIAN MCCOMBES | ATRIUM INSURANCE “It’s definitely an invasion of privacy and I think Facebook is being very sneaky by telling us that we have the option to change the settings. I’d rather have the option of deciding if I want to have the feature on my account. This is going to push a lot [...]
Facebook will hand info to EU June 9, 2011 FACEBOOK has agreed to hand over information about its use of facial recognition software to European regulators after privacy campaigners complained. The software, which can be turned off in Facebook’s settings, invites users to automatically tag their friends on photographs by scanning their faces. Facebook has stressed that the automated photo-tagging suggestions are only made when [...]
Network Rail grows profits by 11pc but number of late trains creeps up June 9, 2011 PROFITS at Network Rail jumped almost 11 per cent last year, although its performance dipped. Pre-tax profits at the firm that maintains Britain’s rail network jumped 10.8 per cent to £438m in the year ending 31 March. However, the number of trains running on time fell from 91.5 per cent to 90.9 per cent, which [...]
African Barrick shares recover June 9, 2011 Shares in London-listed miner African Barrick Gold rebounded yesterday after it attempted to allay fears over tax changes in Tanzania. The firm said the Tanzanian government had shown its “ongoing commitment” to the mining industry. Fears had been raised the country could impose a harsh tax regime on extractive firms, causing the miner to take [...]
Bowleven jumps on well news June 9, 2011 Shares in Bowleven jumped 8.6 per cent after the Africa-focused oil and gas explorer said its Sapele-1 well off the coast of Cameroon flowed oil at rates which it believes indicate a commercial development is possible. The company is waiting for the results of tests at the second Sapele well.
Wincanton axes its dividend June 9, 2011 Haulier Wincanton suspended dividend payments for at least a year after a slowdown at British and French businesses hit profits, prompting it to sell some European operations to cut debt. Wincanton, which transports goods such as food, documents and materials for recycling around Britain and mainland Europe, reported a pre-tax loss of £25.9m.
Visa buys mobile payments firm June 9, 2011 Visa said it will acquire South African firm Fundamo for $110m (£67m), and announced a five-year agreement with UK-based Monitise, as it looks to grow its new technology-enabled payments business. Payment processors – such as Visa and rival Mastercard – have been increasingly looking for growth through new gateways.
Dow recovers despite weak US jobs data June 9, 2011 RISING numbers of fresh benefit claims and lower than expected wholesale inventories combined to produce another gloomy day for the American economic outlook. Yet stocks in New York pared recent losses, as a narrowed US trade deficit was seen as one positive point in a recent string of weak economic data. Imports from Japan tumbled [...]
