China’s first interest rate rise since 2007 drags FTSE down October 19, 2010 China’s first interest rate rise since 2007 hit mining shares and dragged the FTSE 100 lower yesterday, offsetting gains from banks after solid results from Bank of America and Goldman Sachs. At the close, the FTSE 100 index was down 38.63 points, or 0.7 per cent at 5,703.89, having earlier dipped below the 5,700 level [...]
Bank of America scare hits stocks October 19, 2010 U stocks posted their biggest loss in two months yesterday on fears banks might be on the hook for billions of dollars in souring mortgage bonds. The afternoon selloff hit investors already reeling from an unexpected credit tightening by China and disappointing financial results from Apple and IBM. The biggest scare came on news that [...]
Apple rides high but iPad falters October 18, 2010 Apple last night smashed expectations to post record fourth quarter profits and revenues, boosted by blockbuster sales of its new iPhone 4. However, its landmark iPad tablet device lagged behind analyst forecasts as supply issues continued to dog the world’s biggest technology firm. Apple shifted 4.2m iPads in the quarter, falling well short of analyst [...]
Wall Street is lifted by robust Citigroup earnings October 18, 2010 US stocks advanced yesterday as stronger-than-expected profit from Citigroup helped financial shares shake off worries that the foreclosure mess could threaten the stability of the housing market. Apple, which hit an all-time high during the regular session, disappointed investors after reporting gross margins and iPad shipments. Its shares skidded five per cent in after-hours trading [...]
Apple taking big bite at profits October 17, 2010 Apple is set to affirm this week that its six-month-old iPad tablet computer is selling well despite a shaky consumer market, while the iPhone continues to fend off a strong challenge from rival Google. Analysts expect fourth-quarter earnings to showcase Apple’s powerful one-two punch of the iPhone and the iPad, although some still question whether, [...]
Warning over Blackberry timewasting October 17, 2010 BRITISH bosses are banning Blackberries and other smart-phones over fears they cost more in lost productivity than they gain, according to employment law experts. Employers initially rushed to buy smartphones for staff as they allow users to send and receive emails when away from the office – keeping them in contact at all hours. But [...]
Intel will finally enter tablet and phone markets October 13, 2010 INTEL is “in talks” with manufacturers and will soon belatedly enter the smartphone and tablet markets. The chip maker has been left behind in the market for mobile devices, which has grown exponentially since the launch of Apple’s iPad and the growing range of next-generation smartphones. Intel’s European boss Tristan Wilkinson told City A.M. the [...]
Patents the smart option in mobile skirmishes October 12, 2010 IN the past few days Motorola has announced that it is suing Apple under several of its smartphone patents. Normally, a clash of such technology titans might raise eyebrows, but not in this market, and not now. In recent months there has been a spate of patent lawsuits between the big players, which was kicked [...]
Eco-dazzle at Paris Motor Show October 12, 2010 Two key trends revealed themselves at this year’s Paris Motor Show. First, while the carmakers have showed eco concepts for years, this year was the first Paris Show where so many production versions of hybrid and electric cars were launched. Second, the sports and supercar brands proved that they too have a place in this [...]
Microsoft unveils 10 new phones as it bids to usurp Apple and RIM October 11, 2010 MICROSOFT has unveiled 10 new Windows Phone 7 powered mobiles as it attempts to catch up with rivals Apple, Google and RIM. Microsoft will supply software to five new HTC phones, two Samsung, two LG and one Dell. The devices will be available with 60 operators in 30 countries. They will hit Europe immediately and [...]