London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Amazon buys voice tech firm January 24, 2013 Amazon said yesterday it had snapped up text-to-speech technology company Ivona Software, a sign that the world’s largest Internet retailer may be looking to develop more services similar to Apple’s Siri voice-based search product. Ivona’s technology already supports several features on Amazon’s Kindle Fire tablet computers, such as text-to-speech, said Dave Limp, who oversees the [...]
Microsoft profit dips in spite of new Windows 8 January 24, 2013 COMPUTING giant Microsoft yesterday posted a quarterly drop in profits, as slow sales of its Office software dragged down a positive start for its freshly minted Windows 8 system. Sales rose three per cent overall to $21.5bn (£13.6bn) for the three months ending December 2012, the company said last night, but profits slid to $6.4bn, [...]
Nokia hangs up on dividend to preserve cash January 24, 2013 NOKIA returned to profit in the final quarter of 2012, as sales of its Lumia smartphones finally picked up. However, the Finnish company said it would not be paying a dividend for the first time in over 20 years, as it struggles to preserve its cash pile. Following a cost-cutting plan that saw tens of [...]
Wall St inches higher despite Apple’s plunge January 24, 2013 THE smallest of gains gave the Standard & Poor’s 500 its seventh straight winning day yesterday, but the index failed to hold above the 1,500 line, restrained by Apple’s worst day in more than four years. Apple slid 12.4 per cent to $450.50 a day after it posted revenue that missed Wall Street’s forecast as [...]
The Debate: After Apple reported disappointing profits and sales, is it doomed to relative decline? January 24, 2013 YES Julian Birkinshaw Apple’s latest results were spectacularly good by any standard – except their own. The company has been hyped up so far, and for so long, that failing to meet expectations was almost inevitable. But the real problem for Apple is that now the top has been called, the markets are looking to [...]
FTSE 100 smashes through 6,200 barrier January 24, 2013 The blue chip index edged up in early trades, and smashed through the 6,200 barrier although disappointing results from US technology behemoth Apple weighed on sentiment. The company posted record profits last night, but warned of lower revenue growth in the coming months, which sent its shares down more than 10 per cent in after-hours [...]
Apple sees all-time high iPhone sales but Wall Street unsatisfied January 23, 2013 APPLE posted record profits last night, as sales of the iPhone 5 and iPad mini in the months since their releases drove it to new heights. However, the company’s performance disappointed Wall Street, sending Apple shares down more than 10 per cent in after hours trading as it warned of lower revenue growth in the [...]
What the other papers say this morning January 23, 2013 FINANCIAL TIMES GMG ends talks to sell Trader stake Guardian Media Group has called off talks with interested buyers over the sale of its half stake in the car classifieds company Trader Media Group following a failure to agree a price. Apax, its joint venture partner in Trader Media, was interested in buying out the [...]
US rises again as Google and IBM lift mood January 23, 2013 THE S&P 500 rose for a sixth day yesterday after stronger-than-expected profits from IBM and Google but the rally could be halted as Apple’s after-hours miss send its shares lower. The S&P was just 4.7 per cent from its all-time closing high as IBM’s and Google’s earnings, released after Tuesday’s close, followed on the heels [...]
Verizon pledges to deliver cost cutting January 22, 2013 VERIZON Communications posted a weaker-than-expected wireless operating profit margin yesterday due to hefty costs from smartphones like Apple’s iPhone, but the US telephone company promised a big improvement this year as it cuts costs. While Verizon’s fourth quarter bottom line was weaker than anticipated, investors were encouraged when finance chief Fran Shammo said yesterday that [...]