Foxconn falls deeper into the red August 31, 2010 Foxconn, maker of the iconic iPhone, saw its value tumble yesterday after revealing another set of disappointing results. Its stock fell almost eight per cent yesterday morning, its biggest single-day fall in 17 months, after reporting first-half earnings fell deeper into the red. Foxconn recorded a January to June loss of $142.64m (£92.9m), far worse [...]
Intel snaps up Infineon’s wireless arm August 30, 2010 Intel is to buy German chipmaker Infineon’s wireless unit for $1.4bn (£900m) as it seeks to claw its way into the booming smartphone market and reduce its reliance on PCs. The move, agreed yesterday, is the second major deal for Intel in two weeks. The company has already announced a $7.7bn deal for security software [...]
BILL OF THE WEEK August 30, 2010 FIVE City brokers headed down to 1 Lombard Street on Friday lunchtime for a sumptuous seasonal feast of roast grouse. They whetted their appetites with scallops, foie gras and carpaccio of beef, before moving on to main courses of the aforementioned grouse, lobster and an entire suckling pig. Somehow, they also managed to fit in [...]
Battle for the next stage of TV heats up August 26, 2010 DESPITE the ubiquity of the internet, television viewing habits on both sides of the Atlantic remain doggedly traditional. However, the battle for control of the next generation of TV viewers is hotting up. Manufacturers, such as Samsung are already rolling out internet-ready TVs as they prepare for a monumental shift in viewing habits. BBC’s hugely [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 25, 2010 FINANCIAL TIMES US CHAINS BEEF UP MEALS TO LIFT PROFITS Fast-food chains in the US are rolling out more expensive premium products after two years of relentless focus on lower priced meals in the hope of recouping profit margins surrendered during the recession of 2008 and 2009. McDonald’s is selling a “smokehouse deluxe” burger in [...]
Wall St stages comeback as bargain hunters move in August 25, 2010 US stocks staged a comeback yesterday, breaking a four-day losing streak by major indexes, as key technical support triggered bargain hunting that offset weak economic data. The S&P 500 index sagged as much as one per cent after data showed new single-family home sales slumped to a record slow pace in July. But positive momentum [...]
Manhattan’s new breed of design hotels August 22, 2010 YOU could argue that New York does hotels better than any city in the world. Historic luxury landmarks, hipster crash-pads, fashionable design hotels, groovy boutiques, high-tech business places – it’s got more, and better, examples of each than pretty much all of its rivals. But even the best needs a shake up. The Big Apple [...]
Google prepares its rival to the iPad August 19, 2010 GOOGLE hopes to have an iPad rival on US shelves in time for Christmas, according to industry insiders. Analysts are already speculating that the device could be free with a lengthy contract with network provider Verizon. The tablet is likely to be manufactured by mobile phone maker HTC, the firm responsible for the critically-acclaimed Desire [...]
BRANDING August 19, 2010 Q. I am starting a new company and need to think about branding. Is there a way I can do it while keeping costs to a minimum? A.The first thing to do is decide if you have the skills to do it yourself. The main components of a brand are visual: for example, the website, [...]
Shareholdersshow disdain for Dell chief August 18, 2010 DELL founder Michael Dell survived an investor savaging during his re-election to chief executive, with more than a quarter of voters withholding their support. Shareholders are furious at the firm’s fall from being the biggest computer manufacturer in the world to its current third place behind Hewlett-Packard (HP) and Acer. Dell’s stock is down more [...]