More woe at Nokia as stock falls on plan to cut one in five jobs June 14, 2012 LOSS-MAKING Finnish mobile phone producer Nokia plans to cut another 10,000 jobs globally in its biggest revamp in recent history, it announced yesterday, while warning that the second-quarter loss from its mobile phone business would be larger than expected. The cuts, which include the closure of Nokia’s only plant in Finland, bring total planned job [...]
Nokia to cut 10,000 jobs June 14, 2012 Finnish mobile phone manufacturer Nokia announced today that it will cut a further 10,000 jobs, while warning that its second-quarter losses will be worse than expected. The latest announcement takes the total number of planned jobs cuts at the group to more than 40,000 since Stephen Elop took over as chief executive in September 2010 [...]
Changing face of internet as list of .brand sites revealed June 13, 2012 THE INTERNET’S biggest shake up is one step closer after the list of submissions for new domain names was yesterday unveiled. ICANN (Internet Corporation for Assigned Names and Numbers) revealed the 1,930 website domains applied for – including .blog, .youtube and .bbc – which will hit the world wide web from early 2013 alongside the usual [...]
Cook serves up new MacBook range June 13, 2012 It is testament to how much Apple has evolved over the last decade that the launch of its new range of Mac laptops is seen as a warm up event for the arrival of the iPhone 5 later this year. But the new range is worthy of more than a footnote. Here is the lowdown [...]
TomTom plots path to profit with Apple June 12, 2012 TOMTOM’S shares climbed by 16 per cent to €3.80 yesterday after Apple unveiled a deal with the satellite navigation systems firm. The shares, down almost 40 per cent over the past year, jumped to their highest level since February. On Monday, Apple announced it was replacing old maps partner Google with its own software. The [...]
A smart acquisition pays off as satnav market shrinks June 12, 2012 I OWN a satnav. It used to be my pride and joy, but now sits in the boot of my car, while my wife calls out directions to me from her iPhone. Soon, according to Apple’s announcement on Monday, I could simply replace my wife with an iPad and have Siri call out every turn [...]
FTSE flat as investors ponder aftermath of bailout June 12, 2012 London stocks remained flat this morning as investors took time to consider their positions in the aftermath of volatile trading on Monday. With few major firms announcing results the focus remained on the Eurozone, where the weekend’s bailout of Spanish banks appears to have done little to calm markets. Focus will now shift to Greece, [...]
Apple ousts Google from maps app as it unveils new platform June 11, 2012 APPLE yesterday opened up a new front in its competition with Google as the Silicon Valley giant unveiled it would ditch Google Maps from its iPads and iPhones this autumn, as it also confirmed closer ties with Facebook. Speaking at the Worldwide Developer’s Conference (WWDC), chief executive Tim Cook and Scott Forstall, Apple’s head of [...]
Voice recognition firm Eckoh agrees American Express deal June 11, 2012 ECKOH, the Aim-listed speech recognition business, will today unveil a deal with a major global financial services company, believed to be American Express. City A.M. understands the multi-million pound deal will see American Express employ a dedicated platform from Eckoh to handle its customers’ self-service enquiries across the globe. The two companies have worked together [...]
Wall Street is unimpressed by Spain deal June 11, 2012 US stocks fell yesterday as Europe’s aid package for Spanish banks did little to alleviate investor concerns about the Eurozone’s finances and a slowdown in the wider global economy. The equity market bounced in early trading, but the rally was quickly snuffed out by sellers and a sharp decline accelerated into the market’s close. Spanish [...]