Only drastic change can save RIM now January 23, 2012 FEW in the telecoms industry will mourn the departure of Jim Balsillie and Mike Lazaridis. As co-chairmen and co-CEOs of BlackBerry maker RIM, the pair wielded far too much power over the troubled handset maker. It was an open secret that the chief executives of the big network operators found it incredibly hard to do [...]
US stocks pause after rally January 23, 2012 US stocks ended little changed yesterday as investors took a pause from a recent rally, awaiting earnings from bellwethers such as Apple later in the week. The S&P 500 is up nearly five per cent so far this year as an improving US economy has boosted investor optimism. The Dow and S&P 500 both had [...]
The best places to dine to ensure a first degree Burns January 23, 2012 Almost 215 years since the death of Scotland’s most famous poet, Burns night has become an established part of the London culinary calendar, with its popularity growing every year. We look at some of the best places to get the most from you haggis this year – and a few places to cut loose once [...]
Blackberry’s Lazaridis quits chief executive role January 23, 2012 Research In Motion’s Mike Lazaridis and Jim Balsillie have bowed to investor pressure and resigned as co chief executives, handing the top job to an insider with four years at the struggling BlackBerry maker. Thorsten Heins, a former Siemens AG executive who has risen steadily through RIM’s upper management ranks since joining the Canadian company [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 19, 2012 FINANCIAL TIMES LOBBYISTS’ REGISTER UNVEILED Proposals to force all lobbyists to join a compulsory register will be set out on Friday as the government moves to toughen the regime for the industry. Launching a consultation on the sector’s governance, ministers will also take views on opening up the register to include other groups that seek [...]
Kodak snaps and files for bankruptcy January 19, 2012 KODAK’S moment has come to an end, as the company yesterday admitted defeat in the face of an increasingly digital age by filing for chapter 11 bankruptcy protection. Citigroup has thrown the dwindling company a $950m (£614m) lifeline to support Kodak through its ongoing operations, which will continue despite the bankruptcy application. Kodak subsidiaries outside [...]
Sony Ericsson plunges into loss January 19, 2012 Sony Ericsson posted a quarterly loss that missed all forecasts after losing in the battle for smartphone sales in the key year-end period, showing the challenge for Sony as it prepares to take full control of the joint venture. The world’s ninth-biggest handset maker, which got left behind in the boom that powered smartphone growth [...]
The good, the bad and the ugly from Las Vegas January 18, 2012 The dust is settling after what turned out to be something of a damp squib at the Consumer Electronics Show. The ultrabook (read: thin laptop) was king, with most manufacturers launching rivals to Apple’s lauded MacBook Air. Mobile had a big presence but hero releases were thin on the ground – perhaps waiting for Mobile [...]
Why prejudice cannot pay off in the long run January 17, 2012 OVER the last year, the number of executive directors of FTSE 350 firms who are women has decreased from 45 to 43, about 5 per cent of the total. The revelation of this fact on Monday prompted complaints about “under-representation”, “glass ceilings” and “boys’ clubs”. The Liberal Democrat peer, Lord Oakeshott, even claimed that “British [...]
Tom Aikens’ return is a hit January 16, 2012 Tom Aikens Restaurant 43 Elystan St, SW3 3NT T: 020 7584 2003 FOOD ***** SERVICE ***** ATMOSPHERE **** Cost per person without wine: £90 Popular culture can be a depressing economic barometer. In the 90s and early 2000s British music was all working-class swagger and barefaced ambition. It was a time when it didn’t seem [...]