Apple share drop erases market gains October 11, 2012 US stocks ended flat yesterday after gains brought by a sign of improvement in the labor market were erased in part by a drop in Apple shares after a legal setback in a court ruling. Apple fell two per cent to $628.10 after a US appeals court overturned a preliminary injunction on the sale of [...]
Samsung in new Apple challenge October 10, 2012 Samsung will release a smaller version of its popular Galaxy SIII flagship smartphone in Europe today, the head of Samsung’s mobile business said, raising competition against Apple’s new iPhone. The model will be in direct competition with the iPhone 5, which was unveiled in early September and boasts a bigger, four-inch screen than its earlier [...]
What the other papers say this Morning October 9, 2012 FINANCIAL TIMES Channel Islands unite over deficits Guernsey and Jersey are setting aside centuries of rivalry to defeat a common foe: the budget deficit. Senior politicians on the two islands, which have struggled to balance their books since the onset of the financial crisis in 2008, are considering radical moves to combine public services, including [...]
Jitters on Wall Street ahead of earnings season October 9, 2012 US stocks fell yesterday, led by losses in technology after brokerage downgrades of Intel and other major companies as worries increased about third-quarter US earnings. Shares of Intel, the world’s largest semiconductor maker, lost 2.7 per cent after negative reports by at least two brokerages. Robert W Baird & Co cut its price target on [...]
New handsets fail to lift HTC October 8, 2012 HTC posted a record profit drop yesterday, as the smartphone maker failed to keep up with Samsung and Apple over the summer. The Taiwanese firm said poor sales of its flagship handsets had led to a 79 per cent fall in profits, from T$18.7bn (£400m) to T$3.9bn in the last quarter. Turnover fell 23 per [...]
Wild boar was extinct for hundreds of years. Now it’s back, learn how to enjoy it October 8, 2012 Head chef, Paternoster Chop House October is here and if you’re feeling adventurous, it’s a great time to try Wild Boar. Not because it’s in season (unlike most game, wild boar doesn’t really have a season), but because the accompaniments that go best with it are. Wild mushrooms, beetroot, juniper, chestnuts, apples, plums, pumpkin – [...]
iPhone 5 supply threatened by Foxconn strikes October 7, 2012 FOXCONN workers went on strike over the weekend at one of the Chinese factories supplying Apple’s iPhone 5, in a blow to the US firm as it struggles to keep up with demand for the device. More than 200 workers at Foxconn’s Zhengzhou plant refused to work on Friday, in the latest round of unrest [...]
Wall Street may be heading for a pullback as earnings season starts October 7, 2012 WALL Street may be bracing for a pullback as US earnings season begins this week – if the clouds of profit warnings from bellwethers ranging from FedEx to Hewlett-Packard lead to a downpour of lower profits, or even losses. Thanks to aggressive stimulus plans from central banks around the world, the Standard & Poor’s 500 [...]
Anniversary of Steve Jobs’ death October 4, 2012 TODAY marks the one-year anniversary of the death of Steve Jobs, former Apple chief executive. Jobs, who co-founded the company in 1976, is credited as a father of the personal computing revolution through products such as the Macintosh, iPod, iPhone and iPad. Jobs was also instrumental to the rise of film animation studio Pixar.
Hannam pipes up while Draghi wishes his mic had been muted October 4, 2012 IAN Hannam may have left JP Morgan after a £450,000 fine by the FSA for market abuse, but that hasn’t stopped the newly-established Natural Resources Forum from inviting him to be their keynote speaker at their inaugural event later this month. Hannam is renowned as one of the City’s most knowledgeable bankers in the field [...]