Wall Street falls on weak home sales October 28, 2009 US stocks tumbled in a broad sell-off yesterday, sending the benchmark S&P 500 lower for a fourth straight day, after weak data on new home sales heightened concerns about the pace of the economic recovery. Financials, technology, materials and industrial sectors, which underpinned the market’s advance from March, bore the brunt of the slide as [...]
Profit taking hits Wall St after rally October 27, 2009 THE S&P 500 and the Nasdaq fell yesterday as investors booked profits following the stock market’s recent run-up, while a weaker-than-expected reading on a measure of consumer confidence raised doubts about spending. Technology and consumer discretionary shares fared worse than the broader market as investors sold recent winners. Baidu’s disappointing outlook added to the negative [...]
Chipmaker Arm says it will grow faster than rivals October 27, 2009 MICROCHIP designer ARM met expectations for third-quarter revenue and earnings yesterday and said it expects to outperform a recovery in the industry next year. “Despite pressure on customers’ R&D budgets this year, demand for ARM’s processors and physical IP technology remains strong, with a record numbers of licences signed in the third quarter,” said finance [...]
Verizon posts $3bn in profits October 26, 2009 US TELECOMS firm Verizon Communications saw third-quarter profit fall a less-than-expected nine per cent to $2.89bn (£1.77bn) yesterday as wireless subscriber gains offset slower-than-anticipated growth in its television service. While Verizon Wireless added a net 1.2m mobile customers, beating Wall Street forecasts of 1m new customers, it is still losing market share to AT&T, the [...]
Economic downturns can lead to more innovation October 26, 2009 IT’S A well-known fact that an economic downturn corresponds with an innovation upturn. Change means winners and losers. Are you going to sit at the dinner or be the duck which is served? It comes largely down to your attitude, to whether you are going to embrace the change or resist it. Henry Ford said [...]
AT&T profits beat forecasts October 22, 2009 AT&T reported stronger-than-expected third quarter profits as the wildly popular iPhone helped it land a record number of new wireless customers for the period. Investors have worried about AT&T’s dependency on Apple’s iPhone for growth, but for now it is paying big dividends. AT&T, which has exclusive US rights to the phone, said it was [...]
Nokia sues over Apple iPhone October 22, 2009 Mobile phone maker Nokia yesterday filed a lawsuit against Apple, claiming the US firm’s iPhone infringes its technology patents. The patents relate to technologies fundamental for devices using GSM, UMTS and local area network (LAN) standards. They cover wireless data, speech coding, security and encryption and are infringed by all Apple iPhone models shipped since [...]
How Apple is stealing the limelight from Microsoft October 21, 2009 WHEN Microsoft releases Windows 7 today, it will be closing a troubled chapter in its history. The previous version of its operating system, Windows Vista, has been cut adrift by massive changes in the PC market since its launch in 2007; a resurgent Apple, soaring sales of netbooks that run free alternatives to Windows and [...]
WINDOWS 7 SCORES A GOAL WITH ANALYSTS October 21, 2009 MICROSOFT’S long-awaited new operating system (OS) launched last night, as the software giant hoped to fend off competition from Google and mend a reputation damaged by the failures of Windows Vista. Analysts welcomed the arrival of Windows 7, which Microsoft executive Ashley Highfield dubbed “the pivotal turning point” for the firm. Julie Larson-Green, Microsoft vice-president [...]
Heroes of sport that touched England’s great cricket legend October 21, 2009 MY SPORTING HEROESBY IAN BOTHAMMainstream, £18.99 WHEN AN icon such as Sir Ian Botham lists you among his sporting heroes, then you know you have a story to tell. Fresh from the success of his 2007 autobiography Head On, England’s finest all-round cricketer is back with My Sporting Heroes – a light-hearted look at the [...]