Stocks boosted in late day rally May 23, 2012 US stocks staged a late-day reversal yesterday, rallying into the close in another volatile session as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped lift the Nasdaq. The action shortly before the market’s close was a mirror image of Tuesday when stocks gave up gains in the last [...]
Dell shares dive as it struggles to grow income May 22, 2012 COMPUTER manufacturer Dell last night forecast disappointing second-quarter revenue as US and European corporate tech-spending weakens and consumer personal computer sales continue to shrink. Its shares dived more than nine per cent in after hours trading. Dell, like rival Hewlett-Packard, is losing market share to mobile devices such as Apple’s iPad as consumers choose to [...]
Stamford Bridge scores with Marco May 22, 2012 RESTAURANT MARCO Stamford Bridge, SW6 1HS FOOD ***** SERVICE **** ATMOSPHERE *** Cost per person without wine: £50 Here’s an odd one: a banker I know is a Gunner: an Arsenal supporter, that is. But, he confesses, he’s also a regular at Stamford Bridge. That’s enemy territory: home of my team, the Blues, Chelsea FC. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 21, 2012 FINANCIAL TIMES SFO lawyer warned against pursuing Tchenguiz case The lead lawyer in the Serious Fraud Office’s investigation of the Tchenguiz brothers warned the agency two months before the property tycoons’ arrest that it should not pursue the case. In January 2011, Wayil Eisa, the lawyer tasked with drafting the case for the prosecution, submitted [...]
US stocks lift on Greek talks May 21, 2012 US stocks rose more than 1 per cent yesterday, with the S&P 500 snapping a six-day losing streak in a rebound from equities’ biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Sentiment improved after G8 leaders gave verbal backing for Greece to stay in the [...]
Apple and Samsung bosses begin settlement discussions May 20, 2012 THE CHIEF executives of Apple and Samsung will today meet in a judge-supervised setting in an attempt to settle a legal dispute over patents. A jury trial is scheduled for July to assess Apple’s claims that Samsung has infringed copyright in the design of its smartphones and tablets. Samsung was served with a 373-page complaint [...]
Samsung value drops $10bn on fear Apple has picked rival chip May 16, 2012 SAMSUNG saw $10bn (£6.3bn) wiped off its market capitalisation on Tuesday following suggestions that Apple has placed a huge order for memory chips with a rival. Shares in the South Korean electronics giant tumbled 6.2 per cent after Taiwanese site DigiTimes said Apple has bought half the capacity of a DRAM chip manufacturing plant operated by [...]
Larger four inch screens set to feature on the iPhone 5 model May 16, 2012 APPLE is said to have put in orders for the production of its next iPhone offering and changed the size of the device’s screen. Sources say the fifth generation iPhone will sport a four inch screen when measured diagonally from cover to cover, compared to the current 3.5 inch display. Early production of the popular [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 15, 2012 FINANCIAL TIMES EU to push for binding investor pay votes Shareholders in Europe’s listed companies will be given a binding vote on pay while those who invest in banks will gain powers to set a cap on bonus levels, under plans being drawn up by senior EU officials. The initiative from Michel Barnier, the EU’s [...]
Half of British smartphones Android-based May 15, 2012 ANDROID now accounts for more than half of Great Britain’s smartphones as the dominion of Nokia and BlackBerry continue to wane. Android, the operating system behind Samsung and HTC smartphones, has climbed to a 50.1 per cent share of the market compared to 44.6 per cent a year ago, according to Kantar Worldpanel ComTech. In [...]