Apple is now world’s most valuable firm August 10, 2011 APPLE yesterday closed as the most valuable company in the world for the first time, surpassing oil giant Exxon. The Cupertino-based company slipped 2.8 per cent in a tough market to close at $337bn, with Exxon dropping 4.41 per cent to finish at $331bn. Apple had briefly passed Exxon on Tuesday, ending the oil major’s [...]
ANALYSIS: HOW APPLE SIZES UP TO EXXON August 10, 2011 Apple • Founded with the launch of the Apple 1 in April 1967 by Steve Jobs, Steve Wozniak and Ronald Wayne. Officially incorporated 3 January 1977 • 49,400 employees worldwide as of 2010 • Reported net income of $7.31bn for the quarter to 25 June 2011, on revenues of $28.57bn. • Floated on Nasdaq on [...]
Walmart to sell iPad films August 10, 2011 WALMART has launched a video service for iPad users in a bid to offset sliding sales of DVDs in its stores. The retail giant’s Vudu video streaming platform will be available on the iPad from today, allowing customers to buy or rent films and TV episodes on a pay-as-you-go basis. The US-only service operates online, [...]
Health on a summery plate August 8, 2011 Francois O’Neill, Brompton Bar & Grill Bressola, Nectarine and Mozzarella Salad with Lemon & Mint Serves 2 Salad • 6 slices of Bressola • 1 nectarine – halved and sliced into 8-10 pieces • 1 ball of mozzarella – torn into pieces • 1 large handful of lambs lettuce • 4 mint leaves – finely [...]
Scotland comes to the Wharf August 8, 2011 Boisdale Canary Wharf Cabot Place, Canary Wharf, E14 4QT www.boisdale.co.uk FOOD SERVICE ATMOSPHERE Cost per person without wine: £45 CANARY Wharf is not the easiest place to bring culture to – even at its most alive, it has a certain, well, spartan feeling. Those open precincts, crisp architectural angles and endless escalators scream deal-making and [...]
Google slams Apple collusion August 4, 2011 Google, fresh from losing a bid to buy thousands of patents from bankrupt Nortel, lashed out at its biggest rivals, accusing them of banding together to block the internet giant in the red-hot smartphone arena. In a rare public outburst, Google blasted Microsoft, Apple, Oracle and “other companies” for colluding to hamper the increasingly popular [...]
RIM refreshes BlackBerry line up with new models August 3, 2011 RESEARCH In Motion took the wraps off two more powerful versions of its touchscreen BlackBerry Torch yesterday, aiming to buy time until it can introduce a radically new software package in its smartphones. The new phones, along with a Bold upgrade unveiled earlier, are part of what the Canadian company called its biggest global launch [...]
PERSONAL FINANCE NEWS August 3, 2011 INVESTORS TAKE A MEGA BITE OF APPLE Clients of Barclays Stockbrokers have named Apple their favourite technology stock. 57 per cent favoured Apple over other technology stocks, 11 per cent Google, while 10 per cent said they would be interested in investing in Facebook and Twitter if and when they float. Cisco Systems, the US [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 1, 2011 FINANCIAL TIMES FOXCONN LOOKS TO AN AUTOMATED FUTURE WITH 1M ROBOTS BY 2013 Foxconn, the world’s largest contract electronics manufacturer by revenue, plans to have as many robots as workers in its China factories within three years, according to Terry Gou, chairman and chief executive. Foxconn, China’s biggest employer, produced Apple’s iPad and other electronic [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 1, 2011 FINANCIAL TIMES SUPER RICH TO GET NEW LONDON ADDRESS A leading European hedge fund is preparing to build one of London’s most expensive housing developments as global investors scramble to gain a foothold in the capital’s resurgent residential market. In a deal completed over the weekend, Orion Capital Managers acquired an acre of prime residential [...]