Apple strengthens its grip on music June 7, 2011 THAT Apple was ready to launch a cloud-based music service has been the worst-kept secret since a certain Welsh footballer tried to keep his name out of the newspapers. Exactly what Apple’s latest venture means for the industry, however, is only just becoming clear. Steve Jobs’ insistence on returning from medical leave to show it [...]
BIG NEWS FROM THE E3 GAMES EVENT June 7, 2011 THE highlight of yesterday’s E3 gaming showcase event in Los Angeles was the resumption of the console wars, with Nintendo unveiling the follow-up to its blockbuster Wii. When the Wii launched in 2006 Nintendo said it would change the face of gaming. It did, drawing in a whole new demographic and knocking Nintendo out of [...]
Gaunt Jobs unveils iCloud music system June 6, 2011 STEVE Jobs yesterday broke his medical leave to announce a new cloud-based music service that threatens to sink rivals such as Spotify. The gaunt-looking Apple boss unveiled iCloud, a music-streaming and online data storage service that can be accessed on devices such as the iPad and the iPhone. The service will allow users to instantly [...]
Wall Street drops on poor US data June 6, 2011 THE S&P 500 extended its slide to a fourth day yesterday, hitting its lowest level since March 18, as a spate of recent weak US data lent support to a bearish outlook for the economy. Sectors most closely associated with economic fortunes took the biggest beating, with shares of Bank of America off 4 per [...]
Welcome to London’s business paper June 3, 2011 WELCOME to our first ever Saturday edition to celebrate the greatest and most exciting sporting event of the year. Here at City A.M., we are truly passionate about the Investec Derby as well as horse-racing in general. Our growing numbers of readers in and around London work very hard – but they also love to [...]
RENT June 2, 2011 Q&A Q.We are looking into purchasing a buy to let investment. Is there a better time of year to do this? A.The central London lettings market is seasonal to an extent. Traditionally the busiest months of the year are January, June, September and October. The months to avoid if possible are December, April and August. [...]
Nokia denies Microsoft is lining up offer June 1, 2011 BELEAGUERED Nokia was yesterday forced to deny speculation it is in talks to sell its mobile phone business to Microsoft. The Finnish manufacturer described the report – by the same industry insider who predicted its tie-up with the software giant earlier this year – as “100 per cent baseless”. Eldar Murtazin says Microsoft is lining [...]
The docks that you don’t have to dock with June 1, 2011 THE annoying thing with docks for MP3 players is how problematic and fragile those multi-pin docking connectors can be. Much easier if you don’t have to connect at all, which is what the latest generation of wireless docks and speakers enable. Bluetooth speaker systems have been around a little while but in items like Soundfreaq’s [...]
USAA top for customer service in US June 1, 2011 The top American company with the best service is military financial services giant United Services Automobile Association, a survey has shown. According to research by marketing company Nunwood the group beat global giants including Amazon. Nunwood surveyed 4,853 customers across the US in April, about 250 major American brands to discover what a top performing [...]
Nokia shares tumble as firm abandons targets May 31, 2011 NOKIA’S share price tumbled to its lowest in 13 years yesterday after the mobile phone maker abandoned hope of meeting key targets it set just weeks ago. Shares plunged 18 per cent to €4.75 (£4.16), wiping some €3.8bn off its market value as investors worried that Nokia, once a leading force in the industry, had [...]