WHAT THE OTHER PAPERS SAY THIS MORNING July 27, 2010 FINANCIAL TIMES SOROS SET TO BUY STAKE IN BOMBAY EXCHANGE George Soros, the billionaire investor, is in final talks to buy Dubai Holding’s 4 per cent stake in the Bombay Stock Exchange, as foreign investor interest in India’s fast-growing financial markets rises, people close to the matter said. Soros Fund Management is planning to pay [...]
ARM sees 167pc profit spike after surge in demand for smartphones July 27, 2010 Rising demand for smartphones, netbooks and tablet computers saw chip designer ARM Holdings deliver a remarkable 167 per cent year-on-year spike in profit. The British company, whose designs are in more than 95 per cent of the world’s mobile phones, posted record pre-tax profit of £43.5m on revenue of £100m, both ahead of expectations. The [...]
iPhone users can alter software July 27, 2010 The US copyright office has given legal protection for people who unlock smartphones like Apple’s iPhone. Changing operators’ fixed phone settings – known as “jailbreaking” – has become widely popular around the world since the 2007 introduction of the iPhone. The move by the copyright office to give exemptions to the Digital Millennium Copyright Act [...]
SAP disappoints with upgrade July 27, 2010 SAP, the world’s biggest maker of business software, raised its 2010 sales forecast by less than the market had hoped yesterday given a rebound in global technology spending. The German company raised its 2010 growth forecast for non-IFRS key software and software-related service revenue (SSRS) to a range of 9-11 per cent from the previous [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 26, 2010 FINANCIAL TIMES fears over china’s bad loans China’s banks are facing serious default risks on more than one-fifth of the Rmb7,700bn ($1,135bn) they have lent to local governments across the country, according to senior Chinese officials. In a preliminary self-assessment carried out at the request of the country’s regulator, China’s commercial banks have identified about [...]
HMV launches an iTunes rival July 26, 2010 RETAILER HMV is to taking on iTunes with the launch of a new music download service yesterday. The company will challenge its online rivals, including the American industry leader, Apple, with a launch promotion offering every single in the top 40 UK chart for 40p each. The new hmvdigital service has a catalogue of over [...]
Dreary place, bright food July 26, 2010 Brasserie Joel First Floor, Park Plaza Westminster Bridge, SE1 7UT. Tel: 020 7620 7272 FOOD SERVICE ATMOSPHERE Cost per person without wine: £45 MUCH has been made of the unfortunate location of Brasserie Joel – and rightly so. This new outpost of the talented Joel Antunes, fresh from exile in the States, sits in a [...]
FOOD & BOOZE NEWS July 26, 2010 KARAOKE IN KENSAL RISE Karaoke mania continues apace with the August opening of a private room at west London’s quirkiest gastropub, Paradise By Way of Kensal Green. Expect a library of 7,500 classic songs, with 50 of the latest chart hits added each month as well as themed playlists available alongside music-themed food and drink [...]
Wall St cheers bumper results July 22, 2010 WALL Street bellwethers cheered investors with a raft of good results last night, pushing up US indices and raising hopes of a sustained economic recovery. Corporate stalwarts UPS, Caterpillar and 3M all posted double-digit profit growth for the last quarter, while Microsoft surpassed Apple’s recent sales to report a record rise in revenue. The upbeat [...]
Nokia in crisis as profits fall sharply again July 22, 2010 Pressure on Nokia boss Olli-Pekka Kallasvuo reached fever pitch yesterday when the embattled phone maker announced a sharp drop in second-quarter profits. The firm, which makes every third mobile phone sold in the world, has been rocked by two profit warnings and a management shakeup in the second quarter alone as it struggles to keep [...]