WHAT THE OTHER PAPERS SAY THIS MORNING May 24, 2010 FINANCIAL TIMES AIA CHIEF IN THREAT TO QUIT OVER PRU DEAL AIA’s chief executive has told friends and industry executives that he would quit if the UK’s Prudential succeeded in its $35.5bn (£24.6bn) takeover of the Asian businesses of AIG. Mark Wilson has said he would step down once the deal closed because the proposed [...]
Dow slides on bank woes in Eurozone May 24, 2010 US stocks slid yesterday, driving the Dow to its lowest level since 10 February as fresh signs of Europe’s banking problems emerged. The Eurozone’s turbulence kept investors wary of taking on risk, after the S&P 500’s 4.2 per cent drop last week. Financial shares were among the day’s largest decliners, with the KBW Bank index [...]
Room with a brilliant view May 24, 2010 Paramount Centre Point, 101-103 New Oxford Street WC1A 1DD. Tel: 020 7420 2900, www.paramount.uk.net Cost per person without wine: £45 IN the food’n’drinkosphere, the days of exclusivity seem to be numbered – just last week, private casino Les Ambassadeurs opened its restaurant, The Milroy, for the hoi polloi’s lunchtime pleasure. Bureau, another swanky bar/lounge that [...]
Stores across the US sell out of iPads as sales continue to surge May 23, 2010 THE roaring success of Apple’s iPad is showing no signs of halting, with 74 per cent of US stores sold out of the gadget. Piper Jaffray analyst Gene Munster found that no stores had the high-end 3G iPad in stock in a survey of 50 branches. He suggests Apple will sell 1.3m iPads this quarter, [...]
Google sees Android success May 20, 2010 Google said more than 100,000 smartphones running on its Android mobile operating system are now activated daily and its library of applications has grown to 50,000, underscoring rapid adoption of the devices. The Internet search and advertising leader said yesterday that searches on its mobile Internet search engine have quintupled in just the past two [...]
Google catches up with iPhone May 20, 2010 SALES of Google’s Android mobile phone software have overtaken Apple’s iPhone in its native US. The two firms are streaks ahead in the high-end smartphone sector of the market, according to market research company Gartner. But Apple maintained its dominance globally, shifting 3m more units than its deadly rival. First quarter sales of Android phones [...]
Smartphones help Vodafone double profits May 18, 2010 VODAFONE yesterday said a surge in demand for smartphones helped it to more than double its full year profit. This was despite growing despair over its key Indian unit, which was forced to take a £2.3bn impairment charge thanks to fierce competition and rapidly escalating spectrum costs. Vodafone’s overall profit soared from £4.2bn to £8.7bn. [...]
Vodafone May 18, 2010 VODAFONE is on the verge of staging a recovery. In Europe, things are finally improving, with service revenue in the UK turning positive, increasing by 1.4 per cent since the firm finally started selling Apple’s iPhone (what a shame it took so long). If the iPad is a hit in the UK, and early signs [...]
iPad edition of GQ’s Men of the Year magazine nets the firm just $1,000 May 18, 2010 THE roaring success of Apple’s iPad has sent publishers into a frenzy as they attempt to cash in on the new technology. But a recent venture by GQ proves it is not necessarily the next stage of evolution for the print media industry. The magazine produced a special iPad edition of its annual Men of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 17, 2010 FINANCIAL TIMES FERROUS STEELS ITSELF FOR LONDON FLOAT Ferrous Resources, the Brazilian iron ore miner, confirmed its intention to list in London next month, adding momentum to a new round of mining and energy flotations in the capital of resources finance. With an expected valuation of about $4bn (£2.8bn), Ferrous could be the biggest “pure-play” [...]