Wall St ticks up as Apple stock climbs higher December 6, 2012 US stocks closed modestly higher yesterday, a day ahead of the key monthly jobs report, as a rebound in shares of Apple helped boost technology shares. Traders were reluctant to bet heavily a day before the Friday release of the November employment report. Just 5.62bn shares changed hands on US exchanges. Investors are also keeping [...]
Apple’s fall hits the Nasdaq but Dow still rises December 5, 2012 A volatile trading session ended with US stocks mostly higher yesterday, even as Apple, the most valuable company in the United States, suffered its worst day of losses in almost four years. In a strange occurrence, Apple accounted for the entirety of the Nasdaq 100’s fall of 1.1 per cent, while the Dow industrials – [...]
Barnes & Noble Nook losses grow November 29, 2012 Barnes & Noble said yesterday that the quarterly loss in its Nook division increased as the bookseller increased spending on its e-readers and tablets to keep pace with larger rivals Amazon.com and Apple. Overall revenue in the quarter slipped 0.4 per cent to $1.88bn, while retail sales, still its biggest segment by far, fell 2.9 [...]
Nokia looks for BlackBerry ban after court win November 28, 2012 NOKIA has won a significant victory over the company that makes BlackBerry smartphones, the Finnish firm revealed yesterday, with a court deciding that its patented Wi-Fi technology was being used without permission. Research in Motion (RIM) now faces the prospect of having to change the technology used in its devices or pay fees to Nokia. [...]
Best of the Brokers November 28, 2012 BUNZL Citi cut the FTSE 100 distribution group’s target price from 1,250p to 1,190p but kept the firm at “neutral” to reflect a slow projected growth rate and lower earnings forecasts. ARM HOLDINGS Barclays Capital raised the Apple chip designer’s target price from 750p to 820p and kept its “overweight” rating, reflecting higher demand for [...]
iPhone 5 sees Apple take bite out of Android November 27, 2012 THE LAUNCH of the iPhone 5 led to Apple regaining the initiative in the smartphone wars in recent weeks, data released yesterday showed. US sales of iPhones overtook those of smartphones running Google’s software, Android, during the 12 week period to 28 October, figures from researchers Kantar Worldpanel showed. It is the first time since [...]
Ericsson and Samsung in patent wars as licensing talks collapse November 27, 2012 ERICSSON, the world’s biggest telecom network equipment maker, said it was suing Samsung Electronics for patent infringement after two years of talks failed to yield a licence agreement. Sweden’s Ericsson, which reckons more than 40 per cent of the world’s mobile traffic passes through its networks, filed a lawsuit in the United States saying Samsung [...]
Apple fires mapping boss November 27, 2012 Apple has sacked the head of its maps division following the iPhone maker’s embarrassment over the service, which has been beset by problems. Richard Williamson was ousted by senior vice president Eddy Cue in a bid to regain trust in the division, Bloomberg reported yesterday. Apple changed the maps service on its iPad and iPhone [...]
Black Friday hangover dogs Wall St stocks November 26, 2012 WALL Street slipped yesterday, pulling back from last week’s gains, as retailers fell on concerns about heavy discounts at the start of the US holiday shopping season and the overhang of the “fiscal cliff” kept investors wary of making big bets. The Nasdaq outperformed to close higher, led by gains in eBay and as Apple [...]
Apple adds products to lawsuit November 25, 2012 Apple has asked a federal court to add six more products to its patent infringement lawsuit against Samsung Electronics, including the Samsung Galaxy Note II, in the latest move in an ongoing legal war between the two companies. The case is one of two patent infringement lawsuits pending in the US District Court in San [...]