For better or worse: 28-year-old wife steals Asil Nadir’s spotlight August 21, 2012 NOT much is known about how Polly Peck International founder Asil Nadir spent his 17-year exile in northern Cyprus. But one thing’s for sure – he wasted no time in wooing his wife Nur, who’s been a constant presence at the Old Bailey this week during her husband’s trial for theft. According to reports, Asil [...]
Apple’s market value exceeds Microsoft during 1999 bubble August 21, 2012 Apple market value has climbed past $623bn (£396bn), surpassing the record set by Microsoft during the heyday of technology stocks in 1999. Apple shares rose 2.6 per cent, bringing its gains this month to almost nine per cent as Wall Street bets on the 12 September rollout of the latest version of the iPhone, the [...]
Apple now most valuable firm August 20, 2012 Apple became the most valuable public company of all time yesterday, breaking a 13-year record as speculation mounted about new versions of its iPhone and iPad as well as a set-top box to deliver live TV. The Californian firm reached a market capitalisation of $623.5bn in trading yesterday, overtaking the $618bn Microsoft hit in 1999. [...]
Wall Street flat after six week rallying boom August 20, 2012 US stocks were flat yesterday, on signs of fatigue after a six-week run of gains, as the European Central Bank quelled speculation about the form of market intervention that may be taken to stem the region’s debt crisis. Despite the lethargic trading, Apple shares hit a new high, becoming the most valuable public company of [...]
Samsung and Apple prepare for trial D-day August 19, 2012 APPLE and Samsung are this week due to find out the result of the US patent infringement trial that could have significant implications for the two tech giants and the wider mobile phone industry, after the two firms failed to carve out a deal at the weekend. The California jury will now decide the result [...]
What the other papers say this morning August 16, 2012 FINANCIAL TIMES Gold price fall as Asian demand dips Global demand for gold is seeing a significant slowdown as top consumers in India and China pare purchases amid weak economic growth, abruptly halting a consumption boom that started five years ago with the onset of the financial crisis. The World Gold Council, a lobby group [...]
What the other papers say this morning August 15, 2012 FINANCIAL TIMES Barrick Gold explores Africa sale Canadian miner Barrick Gold has been exploring a sale of its 74 per cent stake in African Barrick, the London-listed gold producer, in a move that could prompt a full takeover. Barrick has been working with UBS to consider its options for African Barrick, which the Canadian miner, [...]
Nokia sells Qt software and 500 patents August 9, 2012 STRUGGLING cellphone giant Nokia said yesterday it will sell some 500 wireless patents to US firm Vringo and divest its Qt software business to Finnish IT services firm Digia Oyj to bolster its fast-shrinking cash reserves. Nokia is fighting for survival after losing out in the smartphone war to Apple and Samsung. The world’s second-largest [...]
Apple smashes its retro telly August 8, 2012 So, that nice little icon with a retro telly you can see on the home screen of your iPhone? Yeah, that’s not going to be there for long. Apple has stepped up its feud with Google by removing its native support for YouTube in the next version of its mobile operating system. How much is [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 6, 2012 FINANCIAL TIMES Facebook gambles on real cash with bingo app Facebook is venturing into the world of online gambling with the launch of its first application where punters can take a stake on real money. Starting today, Facebook will offer users in the UK aged 18 and over the opportunity to play online bingo for [...]