Video streaming site Hulu sounds out $2bn flotation August 16, 2010 ONLINE video site Hulu could become the biggest internet IPO of the year after its owners began sounding out the market for a potential $2bn (£1.3bn) listing yesterday. The joint venture between Disney, News Corp, NBC Universal, who all own 27 per cent of the firm, and Providence Equity Partners, was launched to combat the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 15, 2010 FINANCIAL TIMES PATERNOSTER IS PUT UP FOR SALE Paternoster, the specialist pensions business set up by former Prudential executive Mark Wood, has been put up for sale, with its original backers facing the potential loss of more than half their £500m equity investment. The majority of its backers are seeking an exit from a company [...]
Android overtakes iPhone sales August 12, 2010 Global sales of Apple’s iPhone have been overtaken by phones using Google’s Android system, according to research by Gartner. Android’s global share of the market now stands at 17.2 per cent, up from 1.8 per cent a year ago, with growth largely coming at the expense of Nokia and BlackBerry maker Research in Motion. Apple’s [...]
BlackBerry rocked by India ban fears August 12, 2010 BLACKBERRY-MAKER Research In Motion (RIM) yesterday moved one step closer to a potentially disastrous ban in India. A meeting with authorities was “inconclusive” and the superpower has given the firm until the end of the month to address its concerns. India is worried that BlackBerry’s encrypted data can be used by terrorists such as those [...]
Ousted HP boss lowest rated CEO August 11, 2010 THE HP boss who was forced out after allegations by a former porn star had the lowest employee-rating of any major tech chief executive. Glassdoor, a website that allows employees to anonymously rate companies and their bosses, has Mark Hurd languishing at just 34 per cent approval, falling as low as 19 per cent last [...]
GUARDIAN DRAGS ITS HEELS OVER RENEWING HAY SPONSORSHIP DEAL August 11, 2010 WHAT with an enthusiastic push into online investment, a string of ill-advised private equity deals and a move to swanky new offices at Kings Cross, it appears more traditional stalwarts of the Guardian’s extra-curricular programme could be coming under threat. A little bird tells The Capitalist that the newspaper’s long-standing sponsorship of the Hay literary [...]
Oracle slams HP’s corporate correctness August 10, 2010 Oracle boss Larry Ellison yesterday laid into Hewlett-Packard after its chief executive Mark Hurd was forced to resign following allegations by a former porn star. Ellison slammed HP’s board for ousting close friend Hurd despite clearing him of sexually harassing Jodie Fisher, star of movies including Sheer Passion and Intimate Obsession. Ellison said: “The HP [...]
Saudis grant RIM reprieve on BlackBerry August 10, 2010 BlackBerry maker Research In Motion (RIM) yesterday won a reprieve from a threatened ban in Saudi Arabia as authorities said progress was being made on addressing their concerns. The company’s biggest Gulf market with 700,000 users, Saudi Arabia had threatened to ban the service last Friday before giving RIM until Monday as it worked with [...]
iPhone faults force Apple exec to leave August 8, 2010 ONE of Apple’s top executives has left the company in the wake of antenna problems that marred the release of the iPhone 4. The firm refused to say whether Mark Papermaster, who was senior vice president of devices hardware, was ousted or whether he left of his own accord. However, he would have been responsible for [...]
Apple to open its biggest store in Covent Garden August 6, 2010 APPLE is to open its biggest ever store in Covent Garden on Saturday (August 7). The three storey historic building will have separate rooms for all Apple products and more stock than any other shop. Staff will be equipped with iPod Touches to scan purchases without a till, for the first time. There will also [...]