BlackBerry outage nightmare not over as lawsuits hit RIM October 27, 2011 Consumers in the US and Canada have sued Research in Motion (RIM) for a days-long service outage on its BlackBerry devices that rippled across the world earlier this month. The system-wide failure of the service left tens of millions of frustrated BlackBerry users on five continents without email, instant messaging and browsing. The firm apologised [...]
Amazon to open massive new London warehouse October 26, 2011 AMAZON says it will create an eighth high-tech warehouse on the outskirts on London as it prepares to increase its product range and meet an expected rise in demand for online shopping. The plans will see the retailer create up to 4,000 new jobs in the UK by Christmas next year, with its core market for [...]
Nokia: Lumia will dispel our stuffy image October 26, 2011 NOKIA yesterday unveiled the “hero” handset it hopes will allow it to compete with the likes of Apple and Samsung. The Lumia 800 is the first device from the Finnish company to use Microsoft’s Window Phone 7 software, following the sweetheart deal penned by the two struggling telecoms players earlier this year. Chief executive Stephen [...]
Future lies far from Finland October 26, 2011 Nokia’s turnaround, says its chief executive Stephen Elop, is already underway: a sentiment given credence by its better than expected results last month, in which it avoided making an expected loss. Elop has admitted the firm has an image problem and its new handsets go some way to addressing that. But short of a miracle [...]
Blockbusters at the touch of a button October 26, 2011 NETFLIX, the US online film service, announced on Monday that it will be launching in the UK in 2012. The company looks set to change the way we watch movies, but already has some tough competition. Here we tell you everything you need to know. What is Netflix? Netflix is an online film service that [...]
Everything Everywhere says customer base stabilising October 26, 2011 Britain’s biggest mobile operator Everything Everywhere posted lower revenue in the third quarter due to regulatory cuts but said its customer base was stabilising while it was also making good progress in cost-cutting. The company, which runs T-Mobile and Orange brands in the UK, said its total customer base shrunk by 1.4 per cent to [...]
ARM boss Warren East plans to take over the world – one chip at a time October 25, 2011 Afew years ago a friend of mine tipped a little-known chip designer called ARM Holdings. He said it was going to be the next big thing. A year later, after its shares had shot up, he cursed his luck for not taking his own advice. But he prudently decided not to invest while it was [...]
Push into online streaming in the UK will not be the potion to cure giant’s ills October 24, 2011 IT HAS been a year of two halves for Netflix. It reached a share high of almost $300 in July after a meteoric rise. Last year it accounted for more web traffic than any other site on the internet (that it deals in bandwidth-heavy streaming only makes this marginally less impressive). But it decision to hike [...]
keep one eye on any move in the dax October 24, 2011 EQUITIES staged a strong rally towards the end of last week. The move took a number of stock indices back up through significant resistance levels. The FTSE 100 broke above its 100-day moving average, around the 5,500 mark, while the major US indices behaved with even greater bullish conviction. A few pieces of better-than-expected economic [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 24, 2011 FINANCIAL TIMES ABN AMRO SEEKS NEW LIFE AS GLOBAL FORCE ABN Amro, the Dutch bank that has seen two of its three post-crisis owners collapse, is on a mission to re-emerge as a force in the sector and has promised to be a buyer of Eurozone financial assets that capital-stretched banks are preparing to sell. [...]