Smart idea to take a punt on the tech sector January 17, 2010 Jaws dropped on Wall Street late Thursday after Intel, the computer chip maker, reported an 875 per cent increase in profits between October and December last year. Profits were $2.3bn, up from $234m in the same quarter in 2008, smashing analyst expectations. But while a nine-fold increase in profits is unlikely to be replicated this [...]
The apps that mean business January 17, 2010 Financial information Bloomberg has the best financial information on the iPhone by a mile (free). For those in the UK, you might also want to add Shareprice (free, pictured above), which gives you real-time live streaming level one market prices for the LSE. MarketWatch from Dow Jones (free) is also good, while Thomson Reuters (free) [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 14, 2010 FINANCIAL TIMES SIEMENs CHAIRMAN TO MEET INVESTORS Gerhard Cromme, chairman of Siemens and ThyssenKrupp, and the chief financial officers of both conglomerates will meet investors on Friday in an unusual joint move ahead of the first shareholder votes on executive pay in Germany. The meeting in Munich is considered extraordinary by investors as it highlights [...]
Banking levy hangs over S&P financials January 12, 2010 US stocks slid in a broad sell-off yesterday as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa’s disappointing results tempered optimism about the economic recovery. The benchmark S&P 500 broke a six-day streak of gains as banks led the financial sector lower, sending the KBW bank index down almost [...]
Dow edges up as China data cheers January 11, 2010 US industrial shares lifted the Dow and the S&P 500 yesterday to new 15-month highs after China bolstered expectations the world economy would strengthen, but the Nasdaq fell on profit-taking in tech stocks. China reported record imports of some commodities and stronger-than-expected exports, boosting US companies with large international operations, like construction machinery maker Caterpillar [...]
Old school cool in the heart of Soho January 11, 2010 Dean Street Townhouse 69-71 Dean Street, W1D 3SE Tel: 020 7434 1775 Cost per person without wine: £33 EVERY really good restaurant shares one essential ingredient – a sense of effortlessness. A place that falls over itself to dazzle with complicated flourishes and fuss is more likely to irritate – simplicity, in restaurants, is a [...]
E-book readers, 3D TVs and tablet PCs compete to be top dog of 2010 January 10, 2010 HYPE and prototypes dominated the Consumer Electronics Show (CES) in Las Vegas last week. From the Ford car that lets you send Twitter messages while driving, to the scuba diving mask that can shoot high definition video at depths of 130 feet, the vast majority of products on display will not hit the mainstream. The [...]
Microsoft unveils new tablet PC January 7, 2010 MICROSOFT chief executive Steve Ballmer unveiled a new Hewlett-Packard tablet computer yesterday, beating Apple’s hotly anticipated move into the market. But analysts were sceptical that Microsoft and HP could generate as much consumer excitement as Apple’s new device, widely expected to be unveiled on 27 January, though the company has not said anything about it [...]
Forget Microsoft, it’s all about Google vs Apple January 7, 2010 IN recent decades, the technology sector has been defined by a clash of titans. In the 1980s Microsoft took on Apple and ended up wiping the floor with it, a feat it repeated with IBM in the 1990s. But Bill Gates couldn’t make it a hat trick; when the firm tried to thwart Google in [...]
Stocks edge up but Fed urges caution January 7, 2010 THE DOW and S&P 500 inched higher, while the Nasdaq dipped yesterday after Federal Reserve officials said they were still worried about labour market weakness and a report on the services sector showed only slight improvement in the economy. Cautious minutes from the Fed’s last meeting, as well as the ISM services report, which showed [...]