Top gadgets to take on your holidays July 31, 2013 Travelling can be far easier if you have the right technology in your suitcase STOCK up on these essential gadgets to avoid the holiday pitfalls of dead batteries, communications black-spots and gigantic roaming charges. 1. Loewe Speaker 2Go £269; currys.co.uk This brilliant portable speaker will connect wirelessly with your phone, giving you top [...]
Goldman suggests Obama may reduce tax on repatriation of corporate cash stockpiles July 31, 2013 Goldman Sachs have suggested that Obama's new tax scheme could signal support for the low-tax repatriation of foreign profits. The bank's comment team has listed 50 S&P500 companies with as much as $1.8 trillion (£1.2 trillion) invested overseas in 2012. Here's the list of the companies with the most assets overseas, by Goldman's reckoning: General [...]
Letters to the editor – 31/07 – Green policies, Tax relief, Best of Twitter July 30, 2013 Green policies [Re: Ruinous green policies mean rising profits for UK energy companies, yesterday] I live in Wyoming County of New York State, where we already have 250 430 foot wind turbines, with 58 more due this summer. Those who live within the footprint of these wind factories have seen the value of their homes plummet. [...]
What the other papers say this morning – 30 July 2013 July 29, 2013 FINANCIAL TIMES US funds return to European banks US money market funds have nearly doubled their allocations to European banks over the past 12 months, in a sign of improving investor sentiment towards the region. In the first half of the year, the 10 biggest US money market funds allocated about 15 per cent of [...]
Apple supplier in China accused of 86 labour rights violations July 29, 2013 A New York-based rights group has reported three factories making Apple products in Shanghai and Suzhou enforce unpaid overtime and employ minors among other violations of Chinese regulations (release). China Labor Watch says Pegatron, which assembles iPads and iPhones at factories in China, were found to be “violating a great number of international and Chinese [...]
iPhone discounts help Apple in battle for smartphone market July 28, 2013 APPLE is regaining ground in the battle for control of the UK smartphone market after cutting the cost of its iPhone 4, according to research released today. Kantar Worldpanel ComTech found that almost a third of British purchasers chose products running Apple’s iOS software in the three months to June 2013, up five per [...]
Battle of the online giants: Why Facebook continues to surprise its many critics July 25, 2013 BEFORE Facebook surprised the market with a 53 per cent rise in second quarter revenues to $1.8bn (£1.2bn), the social network had had a wretched few months. It was forced to admit it hands data to the US National Security Agency – stirring up privacy concerns. In May, Nissan and Nationwide pulled ads after they [...]
Inside Track: All bets on Ross McEwan as field of candidates for RBS narrows July 24, 2013 AND then there was one. The search for Stephen Hester’s successor as chief executive of Royal Bank of Scotland (RBS) was never going to be straightforward – George Osborne put paid to that prospect by engineering the current boss’s removal last month. So it was hardly surprising that Mark McCombe, the former HSBC executive who [...]
Bullish ARM beats forecasts as quarter two profits rise 30pc July 24, 2013 BRITISH chip designer ARM Holdings yesterday said it expected continued strong demand for its technology after higher-than-expected licensing of its processors in the second quarter. The FTSE 100-listed firm reported a 30 per cent rise in pre-tax profit to £86.6m yesterday, beating forecasts. ARM has outpaced the wider semiconductor market for the past five years [...]
New York Report: Weak results drag the Dow from its record July 24, 2013 US STOCKS mostly retreated yesterday as losses in utility and commodity shares more than offset gains in the tech sector on Apple’s solid earnings. The Dow Jones industrial average ended slightly lower on the day after closing at a record high. Caterpillar and AT&T dragged on the Dow following weak results on a day when [...]