Google and Skype face India woes September 1, 2010 India yesterday launched a clampdown on major internet communications firms, including Google and Skype, and began accessing some BlackBerry traffic in a campaign driven by security fears. Home secretary GK Pillai said notices were being sent to Google and Skype asking them to set up servers in India and allow access to web data that [...]
THE TIPSTER September 1, 2010 TECH stocks struggled towards the end of last month. China’s weaker growth, including the announcement that it will be drastically reducing its output of rare earth metals, suggests that the future could be fairly bumpy for the sector. Apple’s share price rose immediately following yesterday’s launch event, but with consumer confidence still weak and its [...]
Wall St surges as confidence picks up September 1, 2010 WALL Street posted its best day in eight weeks yesterday as investor mood brightened after better-than-expected factory data from the United States and China. Investors jumped on stocks across the market, with more than six shares rising for every one that fell on the New York Stock Exchange, while on the Nasdaq, nearly five stocks [...]
Tasty delights of the season September 1, 2010 For foodies and cooks, there is no better season than autumn. As a crispness enters the air, a cornucopia of colourful vegetables emerges from British fields. Not only is autumnal food delightfully vibrant, it tends to be low-fat and filling, full of potassium, Vitamin B, folates, calcium and zinc. So how to make the most [...]
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 [...]