New York Report: Apple at core of S&P record July 23, 2014 US stocks yesterday ended mostly higher, with the S&P 500 closing at a record on Apple’s bullish results. However, Boeing weighed on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market’s gains in check. The Dow Jones industrial average fell 26.91 points or 0.16 per cent, to end at 17,086.63. [...]
LinkedIn acquisitions in numbers: $175m for Bizo is biggest buy yet for cautious company July 23, 2014 LinkedIn picked up San Francisco-based b2b marketing company Bizo for $175m yesterday, the most expensive acquisition to date for the social network. In a time of regular million dollar acquisitions by other internet companies, billion dollar buys by the likes of Facebook and Google, and Apple revealing in its earnings call yesterday that it completed [...]
Apple denies iPhones have “backdoor” allowing governments to access private data July 23, 2014 Apple has denied claims by a hacker that it built a backdoor into its iOS devices such as iPhones that lets the company or any interested government access information on devices. Jonathan Zdziarski, who also goes by the hacker alias NerveGas, said that the backdoor was not able to be deactivated and could be accessed without [...]
Saudi’s Tadawul: a better prospect than Micex for foreign investors? July 23, 2014 They are both emerging market, oil-rich equity markets, but while Russia's Micex index has been open to foreign investors for a number of years, Saudi's Tadawul index will be opening up for the first time in 2015. The Tadawul is the Middle East's biggest equities market, and foreign investors have been eagerly awaiting the [...]
Putin has exposed a chilling truth about the West: It no longer exists July 22, 2014 Somehow Europe’s leaders have managed to undershoot even my subterranean expectations. Ahead of an EU foreign ministers meeting yesterday to plan a common response to the Malaysia Airlines atrocity, leaks made it all too clear that this whole process would not amount to much. But the results – even for the EU – are almost comically [...]
Apple eyes record sales despite a slide in iPads July 22, 2014 TECH titan Apple expects its next iPhone launch in September to propel the firm to unprecedented fourth quarter sales of $40bn (£23.4bn). Despite its record guidance, Apple’s third quarter sales missed analysts’ expectations last night reaching just $37.4bn, short of the expected $38bn. Unit sales in Apple’s iPad division fell nine per cent on last [...]
Apple beats earnings expectations as investors look ahead to iPhone 6 and iWatch releases July 22, 2014 It's what Apple does next that really matters. The company's quarterly earnings figures saw it post a smaller than expected rise in revenue of six per cent as the tech giant continues to grow, albeit slower than anticipated, with subdued sales of iPhones and iPads in the three months to the end of June. In its [...]
Apple orders record number of new iPhone 6 handsets ahead of possible September release date July 22, 2014 Apple has ordered into production more iPhone 6 handsets than any other model before, according to the Wall Street Journal (WSJ). The paper is reporting that Apple has ordered 70-80m units which is to be split between the 4.7 and 5.5 inch models, both of which are larger than the current 4-inch screen on the [...]
Monitise share price jumps as firm agrees IBM partnership July 21, 2014 Mobile payments firm Monitise yesterday announced it has expanded its partnership with US business giant IBM to deploy new mobile banking, payments and commerce solutions. Shares in Monitise jumped 4.1 per cent yesterday to close up at 44p. The deal combines IBM’s financial services and retail industry expertise with Monitise’s mobile banking and payments capabilities. [...]