Nokia to take a thin slice out of Apple’s pie June 14, 2011 APPLE has settled an ongoing patent row with troubled phone maker Nokia, with analysts speculating that Steve Jobs’ firm could part with up to two per cent of the price of each iPhone it sells. The terms of the settlement will see Apple pay a one-off sum as well as contributing ongoing royalty fees. Details [...]
Retail figures drive US markets rally June 14, 2011 US stocks posted their biggest gains in nearly two months yesterday as retail sales figures allayed fears over the economy that had driven a six-week slump in the market. Many analysts said the rally was likely a one-day wonder. Though still weak, the retail sales data was not as bad as most had expected, which [...]
The Nasdaq – a good catch in the market for a partner June 14, 2011 THE Nasdaq stock exchange, second only to the New York Stock Exchange (NYSE) in size, was founded in 1971 by the National Association of Securities Dealers. When it began trading on 8 February 1971, Nasdaq (National Association of Securities Dealers Automated Quotations) was the world’s first electronic stock market. It was also the first stock [...]
Biotech stocks are in bloom June 14, 2011 THE Nasdaq stock exchange has long been associated with technology companies, attracting high-profile listings such as Apple and Microsoft at the start of their journeys to global domination. Accordingly, the stocks on the exchange are considered to be more volatile and growth-oriented. While technology stocks continue to dominate the top of the Nasdaq 100 index [...]
TECHNOLOGY STOCKS ARE LOOKING UP AS ALL EYES TURN TO THE CLOUD June 14, 2011 NASDAQ is the second largest exchange in the US and the world, second only to the New York Stock Exchange (NYSE). The Nasdaq is known for technology and was the exchange of choice when technology start-ups were looking to list in the tech boom (and subsequent bubble) of the late 1990s. It has retained its [...]
Samsung poised to seize Nokia crown June 13, 2011 SAMSUNG could overtake Nokia as the world’s largest smartphone manufacturer this quarter, according to a research note from Nomura. And Nokia, which had been the market leader since 1996, could slump to third place the following quarter after it is overtaken by Apple. Nokia’s market cap has tumbled from a high of $285bn (£174bn) in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 12, 2011 FINANCIAL TIMES FOREIGN BANKS AND GOVERNMENTS IN DESPERATE ASSAULT ON US TAX LAW Banks and foreign governments are mounting an increasingly desperate push against a sweeping US tax law that will force overseas institutions to report their American clients to the Internal Revenue Service. The Foreign Account Tax Compliance Act was passed by Congress last [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 9, 2011 FINANCIAL TIMES THIRD INDEPENDENT DIRECTOR TO QUIT ENRC BOARD A third independent director is set to leave the board of FTSE 100 miner Eurasian Natural Resources Corporation, thrusting the London-listed Kazakh company further into turmoil. Two prominent City figures, Sir Richard Sykes and Ken Olisa, were ousted from ENRC on Wednesday. Now, according to two [...]
Finnish mobile firm’s fightback will prove futile June 9, 2011 ANOTHER day, another blow for Nokia. Richard Green, the firm’s technology supremo, has quit after just one year in the job, and you can hardly blame him. Even chief executive Stephen Elop has described the company as a “burning platform”; Green obviously thought it was a sinking ship. Much has been made of Nokia’s slaughter [...]
Fresh blow as Nokia sees technology boss walk out June 9, 2011 NOKIA yesterday said its chief technology officer has taken a leave of absence and sources say he is unlikely to return after disagreements with management on strategy. Richard Green is said to be unhappy with decisions such as abandoning the MeeGo operating system it was developing with Intel in favour of going with Microsoft’s Windows [...]