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 [...]
AT&T enjoys halo-effect from iPhone as it posts better than expected profits July 22, 2010 AT&T yesterday posted better-than-expected profits and said it was more optimistic on growth prospects for the year. The exclusive US provider for Apple’s iPhone forecast strong earnings per share growth for the full year 2010 after previously promising “stable-to-improved” results. AT&T’s profit rose to $4bn (£2.6bn), from $3.2bn in the same quarter a year earlier. [...]
Amazon steps up ebook war July 22, 2010 Online retailer Amazon.com said yesterday it will exclusively publish digital editions of 20 classic books owned by the Wylie Agency, including authors such as Philip Roth, John Updike and Norman Mailer, for the first time on its Kindle electronic reader. Amazon’s move is a sign of intensifying competition in the crowded digital book format, including [...]
Wall St falls after dour Bernanke view July 21, 2010 FEDERAL Reserve Chairman Ben Bernanke’s dour assessment of America’s recovery hit US stocks yesterday, as the Fed chief’s comment on “unusually uncertain” economic prospects discouraged investors. Stocks sank after Bernanke acknowledged the labour market’s continued weakness while offering few specific options to stimulate lending and investment. “The market sold off because unfortunately there is no [...]
Mac sales push Apple profits up July 20, 2010 APPLE stunned investors last night after posting better than expected third quarter results, bolstered by hearty Mac computer sales. For the period ended 26 June, revenue climbed by 61 per cent to $15.7bn (£10.2bn), while net quarterly profit almost doubled on the same period last year and came to $3.25bn. The California based group tied [...]
Amazon sees ebook sales outpace hard covers for first time July 20, 2010 AMAZON says digital publishing has reached a “tipping point” after revealing it now sells more ebooks than hardcover versions. The internet giant has staged a spirited fightback against the hugely successful iPad, slashing its price in the US from $259 (£170) to $189. This has driven a surge in sales for its Kindle reader. Amazon [...]
Nokia set to oust chief executive July 20, 2010 Nokia has begun looking for candidates to replace chief executive Olli-Pekka Kallasvuo, who has struggled to keep up with rivals Apple and Google in the fiercely competitive smart-phone market. Sources close to the firm say Kallasvuo may be ousted as early as the end of July, as the firm’s stock continues its decline. Kallasvuo, who [...]
FTSE knocked for fifth day as US results hit confidence July 20, 2010 BRITAIN’S top share index ended lower yesterday for a fifth straight session as generally disappointing US results hurt investor sentiment, offsetting strong gains from mining stocks buoyed by firmer metals prices. The FTSE 100 closed down 8.82 points, or 0.2 per cent, at 5,139.46, having fallen 0.2 per cent on Monday. TELECOMS HIT BY BUDGET [...]