Wall St The Week Ahead: Apple, Google and Facebook earnings due January 26, 2014 US stocks could be set for another selloff this week as the Federal Reserve is expected to announce it will keep withdrawing its economic stimulus, further pressuring equities already roiled by a flight from emerging markets. Investor sentiment turned strongly bearish last week as emerging markets were hit by both country-specific problems and the realisation [...]
Apple boosts screen sizes January 23, 2014 APPLE will release two more iPhone models with larger screens this year in an attempt to boost demand in Asian markets. The two models will have screens of 4.5 and five inches, according to the Wall Street Journal, up from the four inch screens that Apple currently produces. The phones already had their screens enlarged [...]
Icahn buys further $500m Apple shares taking his stake to $3.6bn January 23, 2014 ACTIVIST investor Carl Icahn picked up another $500m (£300.5m) of Apple shares yesterday, taking the billionaire’s total investment in the iPhone maker to $3.6bn. Icahn, who repeatedly has called Apple a “no brainer” even as he wages a campaign to get it to return more cash to shareholders, tweeted his latest move just a day [...]
Here’s how a snow blower got revenge for all those shattered iPhone screens January 23, 2014 The clear-up of Tuesday's snowstorm has left a New York Apple Store resembling the company's iconic (and sometimes shatter-prone) iPhones. A 32-foot high glass panel at Fifth Avenue's Apple Store has been left in pieces, after it was cracked by a snowblower-wielding clean up crew. AppleInsider reports that "a single pane positioned in the southeast [...]
Investors have a serious case of Icahn fatigue January 22, 2014 Activist investor Carl Icahn has yet again had a go at pumping up the value of Apple stock. Icahn has become fond of Twitter as a platform, but 66 messages in and the attention of market watchers has started to wear thin. Three consecutive updates failed to make much of a dent in the value [...]
Here’s how Google’s leading a revolution in green technology January 22, 2014 Google today sealed its third green energy deal in the space of three months, agreeing to buy electricity generated by four Swedish wind farms for the next ten years. For companies offering vast online services like Google and Microsoft, the energy requirements of growing numbers of data centers are one of the largest ongoing costs [...]
What the other papers say this morning – 22 January 2014 January 21, 2014 FINANCIAL TIMES Bicycle-Sharing firm in bankruptcy The Canadian company that runs the popular bike-sharing schemes in New York, London and Sydney has gone bankrupt, after two US cities withheld Ca$5.6m (£3m) in payments amid widespread software glitches. Yesterday Denis Coderre, mayor of the city Montreal, which owns the Public Bicycle-Sharing Company, said the business was [...]
Industry leaders arrive for business summit January 21, 2014 BUSINESS leaders and politicians are descending on the Swiss town of Davos this week for the annual meeting of the World Economic Forum, one of the most high-profile networking events of the year. Topics that will certainly be on the agenda include everything from the worrisome slowdown in emerging markets to uncertainty over the tapering [...]
SocGen cuts Apple to “hold” on iPhone 5s sales fears January 21, 2014 France's second biggest bank is falling out of love with tech giant Apple. Societe Generale have cut their rating for the company's shares from "buy" to "hold" – their preferred stock in the communications equipment sector is Ericsson. While the worldwide handset had a good 2014 – equity analyst Andy Perkins said it remained strong [...]
The three technologies that are set to win 2014 January 20, 2014 Markets should prepare themselves for an "upgrade wave" due to the huge potential of wearable technology, Ultra High Definition (UHD) TV and the acceleration of innovative automobiles, according to investment banking firm Numis. In the wake of the annual Consumer Electronics Show a host of new technologies are preparing to burst onto the scene innovating [...]