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 [...]
Steve Jobs to return to the Apple stage May 31, 2011 APPLE chief executive Steve Jobs, who spent months on medical leave, will open an annual developers’ conference next week showcasing the iPad maker’s latest computer software and a new cloud computing service. Apple’s shares rose 3.1 per cent to $347.83 after it said yesterday that Jobs, along with a team of executives, will deliver the [...]
INTEL UNVEILS ULTRA-THIN NOTEBOOK May 31, 2011 INTEL yesterday invented a category of ultra-thin, affordable notebooks. They will be powered by its second generation Sandy Bridge and Ivy Bridge processors, as the firm looks to take on Apple chipmaker ARM in the portable computing stakes. Intel plans to price the devices – which it is calling the Ultrabook – at under $1,000 [...]
US rallies on hopes of Greek debt plan May 31, 2011 WALL St bulls took the upper hand with a one per cent rally yesterday as hopes for a new plan to deal with Greece’s debt crisis relieved some investor worry, but grim economic data suggested more hurdles ahead as the S&P 500 closed out its worth month since August. Stocks rebounded late in the session, [...]
Apple warns Mac users as virus appears May 26, 2011 APPLE is fighting what security experts warned yesterday may be the most pernicious types of computer virus to ever target its line of Mac computers. The company was forced to issue a security advisory warning to customers about a recent scam that infects Macs with malicious software that wrongly tells them their computer is infected [...]
Bunny-tails to be shaking once again May 25, 2011 Finishing touches are being applied to Mayfair’s prettiest new face, where Hugh Hefner plans to evoke the golden age of his empire – the Playboy Club London on Old Park Lane soft launches tonight. Would-be Don Drapers will absolutely adore this extravagant and exclusive establishment, where gentlemanly desires such as dining, drinking and gambling will [...]
Blast at Apple’s China supply factory halts production May 24, 2011 Production of Apple technology products at a Chinese factory have been suspended after an explosion last Friday left three workers dead and 15 injured. The blast was in the polishing department of Foxconn Technology’s Chengdu plant in southwest China, where Apple’s iPad 2 tablets are finished, according to local media reports. Foxconn has not confirmed [...]
IBM passes Microsoft’s market cap after 15 years May 23, 2011 International Business Machines surged past old rival Microsoft in market value for the first time since April 1996, marking the latest twist in the fluctuating fortunes of two of the world’s most storied technology companies. IBM ruled the computer industry for decades until it hired the tiny, unknown Microsoft to provide an operating system for [...]
Sony expects to post $3.2bn net loss in 2010 May 23, 2011 Consumer electronics giant Sony has said it expected to post a $3.2bn (£2bn) net loss for the year that ended on March 31 due to a write off on tax credits. The net loss would be Sony’s biggest since 1995 and its second-largest ever. The news caused its shares to fall 2.8 per cent in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 19, 2011 FINANCIAL TIMES MOVE TO QUASH HERMÈS’ POISON PILL Minority shareholders in Hermès have sought to quash the luxury goods group’s poison pill defences devised by its controlling family, potentially bolstering LVMH’s protracted takeover push for its smaller rival. CHINESE SET A NEW STANDARD IN BUYING GOLD China overtook India to become the largest market for [...]