What the other papers say this morning – 25 April 2014 April 24, 2014 FINANCIAL TIMES Google+ chief out ahead of shake-up The Google executive who led its attempt to challenge Facebook in social networking is leaving the company, ahead of changes to the service. Vic Gundotra, a former Microsoft executive who has spent almost eight years at the search firm, launched Google+ in June 2011, with the stated [...]
New York Report: Nasdaq lifted by Apple sales April 24, 2014 THE NASDAQ rose modestly in a choppy session yesterday, lifted by a rally in Apple shares a day after the iPad maker’s strong results, though tensions in Ukraine held the broader market in check. Shares of Apple, the most valuable US company by market capitalisation, jumped 8.2 per cent to $567.77, the biggest gain since [...]
What you need to know before the US open April 24, 2014 US markets are expected higher today, buoyed by the tech results released last night. Apple’s jumped 8.3 per cent in pre-market trading. Data wise, orders for durable goods rose 2.6 per cent in March, above expectations and pointing to a lift in business investment. Initial jobless claims, however, increased by 329,000 last week, reflecting the [...]
What you need to know before the open April 24, 2014 A higher open’s expected for European markets this morning, following the strong results from Apple and Facebook and despite yesterday’s negative finish. Germany’s latest IFO business survey is expected to be slightly weaker for April, although the positive manufacturing data seen yesterday could also mean a stronger-than-expected surprise. That said, ongoing weakness in China and [...]
Asian markets slide after US housing slowdown April 24, 2014 Asian markets are in retreat after the US posted worse than expected home sales and Japanese prime minister Shinzo Abe confirmed that a trade deal with the US had not yet been agreed. It was hoped that a successful free trade deal between the US and Japan would be precursor to the completion of the [...]
Facebook and Apple defy the tech critics April 23, 2014 TECHNOLOGY giants Facebook and Apple silenced talk of a tech bubble last night as they trumped all expectations, both delivering record earnings for the first quarter of 2014. Facebook’s booming mobile advertising business led the social network to revenues of $2.5bn (£1.5bn) in the quarter, above the expected $2.36bn, and profit of $642m, up more [...]
Arm shares hit as profit growth begins to slow April 23, 2014 ARM Holdings, whose chip technology powers Apple’s iPhone, saw its shares slide yesterday after a disappointing end to 2013 resulted in first-quarter profit rising less than in previous years. Sales of top-end smartphones, a market dominated by Apple and Samsung, were lower than predicted during the Christmas holiday season, leading to worries that the market [...]
Three ways you can bounce back after being fired April 23, 2014 Having an explanation ready for any abrupt departure is vital THE LATE Steve Jobs said that being fired from Apple in 1985 was the best thing that could have ever happened to him. “The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me [...]
What you need to know before the US open April 23, 2014 US stocks futures suggest a slightly lower open today, following the recent rally the S&P 500 and Nasdaq have seen over the last few days. Mortgage applications in the US fell 3.3 per cent last week – the eighth drop in 11 weeks – with homeowners looking to refinance existing loans, and those looking for [...]
Any Other Business – 23/4 April 23, 2014 WHOEVER said banks were too macho? Goldman Sachs revealed some preference for the trend of flavoured beers in its US alcohol outlook this week, claiming that flavourisation is helping beer to stay relevant with the current consumers. The bank’s analysts praised Bud Light “Rita”, which comes in Strawberry flavour, as well as MillerCoors’ Apple Ale [...]