CITY VIEWS: HAS APPLE SPREAD ITSELF TOO THIN BY MOVING INTO TV PRODUCTS September 2, 2010 BARTOSZ WOJTOWICZ | NOMURA “I’m perfectly happy with Apple expanding, and think they get it right a lot of the time. I would love to have an iPhone, but my mobile phone network won’t offer them for another three months, so I’m stuck with my old phone.” JIMMY SMALES | COMMONWEALTH BANK OF AUSTRALIA “I [...]
TV wars loom as Apple takes aim September 1, 2010 Apple last night launched a revamped on-demand TV service it hopes will help it smash into the online rental market. Apple TV allows users to rent episodes of hit US shows like Glee for as little as 99¢ (64p) and play them through their TV. The device could catapult Apple into a market currently dominated [...]
THE ART OF PEACEFUL PROTEST (IN SWINDON) September 1, 2010 IN an age where Facebook protests can reach hundreds of thousands of members within a few hours, often for the most spurious reasons – the lynching of women who put cats in bins being a recent example – it’s nice to see a good old fashioned show of dissent. One-man-army Paul Slennett, owner of three [...]
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 [...]