Volex counts cost of snub from Apple over iPhone 5 connector October 31, 2012 APPLE’S decision to change the connector used in the latest iPhone has been tough on electrical component maker Volex, which was snubbed by Apple for the iPhone 5 after years of making its connectors. The company revealed yesterday that sales in the six months to the end of September had fallen on last year, and [...]
Wall Street flat after two day storm closure October 31, 2012 THE US stock market slowly returned to life yesterday after two days in the dark, in the wake of the massive storm Sandy that caused the market’s first weather-related two-day closure since the late 19th century. The Dow and the S&P 500 closed little changed while the Nasdaq Composite edged 0.4 per cent lower in [...]
How the tech giants measure up October 31, 2012 What on earth have they been up to recently? Anything to write home about? It’s been a whirlwind few months for Microsoft, with Steve Ballmer (rightly) saying his company’s bet on Windows 8, and its emphasis on touch-screen technology, represents an “all in” moment. It has brought out new desktop, tablet and mobile phone operating [...]
What the other papers say this morning October 30, 2012 FINANCIAL TIMES Google and Starbucks face grilling Google and Starbucks will be subjected to parliamentary scrutiny over their tax affairs on Monday with the public accounts committee demanding the two US corporate giants give evidence. The committee has agreed to call in the two companies to give evidence at a session into Revenue & Customs [...]
Digital economy jobs leap as clamour for engineers grows October 30, 2012 DEMAND for IT jobs leapt by more than a fifth in the last few months, as firms increasingly invested in app and website development, and internet retail and advertising picked up. Figures from online job website Freelancer.co.uk showed that adverts for the world’s 50 most popular digital jobs grew from 230,614 in the third quarter [...]
Sales of iPhone 5 reinvigorate Apple’s standing in UK market October 30, 2012 APPLE’S iPhone clawed back share of the smartphone market in the UK and Europe in the six weeks to the end of September, as sales of the iPhone 5 reversed a decline seen in recent months. The latest data from research firm Kantar Worldpanel showed that Apple had 28 per cent of all UK smartphone [...]
Ex-Dixons boss leaves Apple after six months October 29, 2012 FORMER Dixons boss John Browett is leaving Apple after just six months, the technology giant announced yesterday. The departure of the UK retailer, who was hired to drive the global expansion of its stores, was announced alongside that of Scott Forstall, who oversaw Maps. Browett, who will leave immediately, only joined from Dixons in April [...]
No automatic happy ending for publishers that merge October 29, 2012 IT IS hard not to wince at the self-delusion of yesterday’s press release from Pearson and Bertelsmann. Describing the firms’ agreement to merge Penguin and Random House, Pearson’s outgoing chief executive Marjorie Scardino says: “Together the two publishers will be able to… be more adventurous in trying new models in this exciting, fast-moving world of [...]
Google and Microsoft unveil Nexus and Windows Phone 8 October 29, 2012 GOOGLE and Microsoft both unveiled challengers to the iPhone yesterday ahead of the crucial Christmas shopping period. Although Google’s proposed New York launch event was blown off course by Hurricane Sandy, it still announced a new smartphone and 10-inch tablet to its Nexus range yesterday, adding to the seven-inch device it unveiled earlier in the [...]
Merger talks for historic publishers October 25, 2012 PEARSON revealed yesterday it is in talks with German media powerhouse Bertelsmann to merge its book publishing arm Penguin with Bertelsmann’s Random House. A deal would see a combined company worth around £2bn, with Pearson likely to own a minority share. The merger would also create a company with greater clout when negotiating with technology [...]