Back to basics: End of the job advert June 3, 2014 Businesses don’t hire like they used to. In a recent blog, Stacy Zapar of online retailer Zappos lamented the end of old-fashioned headhunting, “when recruiting was all about relationships.” Cold-calling, networking, and conversations were the modus operandi, she says. A trusted network of contacts was used to spread word of a new opening. And while [...]
What you need to know before the US open June 3, 2014 Following a record close yesterday, US stock futures suggest a slightly lower open for markets today. The upbeat sentiment’s still there, but investors are finding fewer reasons to push things higher. Meanwhile, European stocks have dipped, with the euro gaining, as investors await the European Central Banks policy meeting later this week. Corporate news AT&T [...]
Apple gives Bitcoin apps new hope June 3, 2014 Apple's latest update to its app store guidelines may have opened the way to allow apps that deal in Bitcoin and other cryptocurrencies. Apps for transmitting "approved virtual currencies" may be permitted so long as they do not break any laws. However, the tech giant did not provide any clarification regarding its new rules. The [...]
Any Other Business – 03/06 June 3, 2014 FOR ONE City spinner, watching yesterday’s Apple conference was a more emotional experience than for most. Founder of Redleaf Polhill Emma Kane’s 17-year-old son Patrick featured in the opening video sequence for the eagerly awaited tech event. Why? Well, when Patrick was a baby he contracted meningococcal septicaemia and sadly lost a leg and many of [...]
Apple breaks into the Fortune 500 top five as it upgrades software June 2, 2014 APPLE leapt up the Fortune 500 rankings yesterday, moving up to 5th on the annual listings of the top US companies by revenue, on the same day it unveiled a host of software updates to its iPhone, iPad and Mac software. The improvement is due to a 9.2 per cent jump in Apple’s revenue, to [...]
CNBC Comment: What central bank shifts mean for funds June 2, 2014 THE ECB has heavily hinted that it will provide more support to markets on Thursday, although how the support will look has yet to be determined. I had Ron Mock, chief executive of the Ontario Teachers’ Pension Plan, a $145bn fund that manages pension savings for over 300,000 current and retired teachers in Canada, on [...]
New OS X? iPhone iOS 8? What to expect at Apple WWDC 2014 June 2, 2014 Apple’s Worldwide Developers Conference kicks off this week starting with a keynote from chief executive Tim Cook (which will be streamed live at 6pm tonight) in which he is likely to announce a slew of new software updates that will set the company’s direction for the next year. While Apple is by far the most [...]
Bottom Line: Time is quickly running out for Apple’s Cook to deliver June 2, 2014 JUST days after revealing its $3bn (£1.8bn) takeover of Beats Electronics, Apple chief executive Tim Cook will tonight announce a slew of new software updates that will set the technology giant’s direction for the coming year – but time is running out for Cook to deliver on his promises. Last year the technology giant’s chief [...]
What the other papers say this morning – 30 May 2014 May 29, 2014 FINANCIAL TIMES John Mack steps down from Rosneft John Mack, the former chief executive of Morgan Stanley, is to step down from the board of Russia’s state-controlled oil group Rosneft. His move comes after the US Treasury department last month sanctioned Igor Sechin, Rosneft’s president, in connection with Russia’s actions in Ukraine. Mack dismissed the [...]
Inside Track: For the first time since Lehman, CEOs are ready for deals May 29, 2014 Notwithstanding the fact that the US drugs group Pfizer was forced to walk away from its £69bn bid for Astrazeneca, takeover bids and deals, and even the sniff of them, are back. Yesterday morning, Man Group, the fund management company that has been haunted in recent years by the poor performance of its previously successful [...]