South Koreans concerned over Samsung ruling August 5, 2013 THE SOUTH Korean government yesterday expressed concerns about the decision by the United States to overrule a sales ban of some Apple models. The Obama administration vetoed a US trade panel’s ban on the import and sale of some older iPhones and iPads, reversing a ruling that had favoured South Korea’s Samsung Electronics over Apple [...]
New York Report: Slow day on Wall Street as shares decline August 5, 2013 THE DOW and the S&P 500 dipped yesterday in the thinnest volume so far this year, following their record closing highs last week as a lack of major news left the market directionless. Although about 100 companies in the S&P 500 are still scheduled to report earnings, the season is winding down sharply after last [...]
What the other papers say this morning – 5 August 2013 August 4, 2013 FINANCIAL TIMES Lloyds boss targets profit for dividend Antonio Horta-Osorio, chief executive of Lloyds Banking Group, has said he aims to start paying out up to 70 per cent of the bank’s earnings in dividends within three years as he seeks to attract investors ahead of the sale of the government’s stake. Lloyds has not [...]
Obama reverses import ban on Apple products August 4, 2013 THE Obama administration has overturned a US trade panel’s ban on the sale of some older iPhones and iPads, reversing a ruling that had favoured Samsung Electronics over Apple in their long-running patent battles. The US International Trade Commission in June banned the import or sale of the iPhone 4, iPhone 3GS, iPad 3G and [...]
What the other papers say this morning – 2 August 2013 August 1, 2013 FINANCIAL TIMES Google unveils iPhone challenger Google unveiled the Motorola Moto X smartphone yesterday, its latest attempt to leapfrog Apple’s iPhone – this time with a device packed full of sensors and processors that will allow the phone to anticipate its user’s intentions. The Moto X, which will cost $199 (£131.41), is the first smartphone [...]
New York Report: Dow and S&P climb to fresh record highs August 1, 2013 THE DOW and S&P 500 ended at record highs last night, with the S&P 500 rising above 1,700 after strong data on manufacturing-sector growth and as central banks said they would keep monetary stimulus in place for now. Stocks were broadly higher, with all 10 S&P 500 sectors in the black, though growth-sensitive financials, industrials [...]
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 [...]