Amazon’s Kindle could annoy the publishing trade October 8, 2009 AT last, Amazon’s much-hyped Kindle is upon us, with a Europe-wide release date scheduled for 19 October. For anyone who doubts just how big e-books are going to be, consider this: the Kindle version of Dan Brown’s latest book, The Lost Symbol, is outselling the hardcover edition on Amazon. Earlier this week, Forrester Research upped [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 8, 2009 FINANCIAL TIMESCME HEAD BACKS DERIVATIVES REFORMA powerful exchange chief has brushed aside concerns in the US and Europe over the regulation of over-the-counter derivatives, in comments likely to bolster support for the proposed reforms. Regulators on both sides of the Atlantic are insisting that most OTC derivatives be shifted onto formal exchanges and processed through [...]
Take yourself out for a lovely dinner alone October 7, 2009 IT’S not just about where you eat, but who you eat with. Nothing says quiet confidence like dining alone. Indeed, Suzanne Pirret, the pin-up chef, wrote a whole book called The Pleasure’s All Mine, about the joys of dining alone. If the thought of sitting at a table for two on your own puts you [...]
Hopes for earnings see Wall Street rise October 6, 2009 WALL Street stocks rose yesterday amid signs the global economy was recovering and optimism that corporate earnings reports will beat expectations. The economic optimism spurred gains in energy and other commodities, lifting shares of oil and resource companies. Shares of Exxon Mobil rose 1.6 per cent to $68.66 and were among the top gainers on [...]
Wolfson says profit hit by iPhone loss October 5, 2009 SHARES in Wolfson Microelectronics fell yesterday after the chipmaker issued a profit warning, blaming its failure to get the contract for the new iPhone for a slump in orders. Wolfson, which makes components for Samsung and Apple products, said that orders for the fourth quarter of 2009 would be worse that expected, and that backlogs [...]
The US is down, but it is far from out September 30, 2009 THERE is nothing better for the soul than a visit to New York. London is the greatest City on earth; but the Big Apple comes a close second. America has suffered even more badly than Britain from the crisis: a greater number of homes have been repossessed, millions have lost their jobs and vast wealth [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 30, 2009 FINANCIAL TIMESTHOUSANDS TRAPPED IN EARTHQUAKEThousands of people lay trapped beneath rubble and at least 75 were killed after an earthquake devastated large swathes of Indonesia’s West Sumatra province, according to government officials. Officials warned that the death toll from the 7.6-magnitude tremor – along the same faultline that yielded the earthquake that set off the [...]
THE LONDON REPORT September 29, 2009 THE FTSE 100 closed marginally lower yesterday as buoyant financials struggled against disappointing US data, falls from miners and Vodafone. The index closed 5.98 points, or 0.1 per cent, lower at 5,159.72, after a choppy day of trading, having ended Monday’s session 1.6 per cent firmer. Miners were among the biggest laggards, with investors plagued [...]
NEW YORK REPORT September 29, 2009 US stocks fell yesterday as a surprise drop in a gauge of consumer confidence overshadowed signs of stabilisation in housing and solid earnings from Walgreen. Stocks started higher but then turned lower as the Conference Board’s Consumer Confidence Index for September fell. Even so, investors were reluctant to sell stocks indiscriminately. Major indexes spent most [...]
Price war to start as Voda grabs iPhone September 29, 2009 VODAFONE said yesterday that it has sealed a deal to sell Apple’s iPhone in the UK, likely sparking a price war between the three biggest mobile networks. Vodafone, the world’s largest mobile operator by revenue, said it will be able to sell the must-have device from early 2010, though it did not confirm an exact [...]