Apple jumps as Dow Jones rallies May 26, 2009 US stocks climbed more than 2 per cent yesterday as data showing the biggest monthly jump in consumer confidence in six years lifted hopes of an economic rebound, and a brokerage upgrade of Apple drove sharp gains on the Nasdaq. Apple’s shares closed nearly 7 per cent higher after Morgan Stanley said the iPhone will [...]
A futuristic “art” hotel in Poznan replaces room keys with iPhones May 25, 2009 I AM standing in the middle of a dark hallway, pressing an application on an iPhone that is not mine. While I wait it’s saying something in Polish, which I hope is “opening door.” Cha-ching: a bleeping noise and the sound of a lock decoupling. I push into my room. This is not your average [...]
Britain is a world power in entrepreneurialism May 25, 2009 A COLLEAGUE of mine, who is a first-born child, once admitted that all of life is the playing out of what was done to you as a child by your elder siblings. Apparently, he once said to his younger brother pointing at a suitcase, “why don’t you get in and see if you fit?” Things [...]
Nokia rolls out new app store May 25, 2009 Nokia yesterday began rolling out its much-anticipated online software and content store, Ovi, as it aims to follow the success of Apple’s App Store. Nokia said it had started moving Ovi Store to production servers, preparing for the global commercial launch, and the store was opened to users of a few of its phone models [...]
Investors fear US echoing UK woes May 21, 2009 US stocks slid in a broad sell-off yesterday as investors, concerned about the US fiscal condition, exited dollar denominated assets across the board. Markets came under severe selling pressure as a result of an outlook downgrade for the UK’s triple-A credit rating heightened fears that the United States, with its increasing budget deficit and weakened economy, could [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 21, 2009 FINANCIAL TIMESCORUS CHIEF SCRAMBLES TO RESCUE FACTORY DEALCorus chief Kirby Adamsm who took over at the Anglo-Dutch steelmaker last month, faces both the worst fall in steel demand for 60 years and a battle to salvage an agreement to sell the group’s Teesside plant to Marcegaglia. It has emerged that Marcegaglia is having second thoughts [...]
Fed’s pessimism is a blow to US shares May 20, 2009 US stocks fell yesterday, led by financials in a late-stage sell-off, after the Federal Reserve gave a more pessimistic view on the economy, tempering hopes for a quick recovery. The Fed cut its 2009 forecast for gross domestic product and raised its outlook for unemployment, tempering the recent optimism that the economy might be turning [...]
US shares rocked in housing data shock May 19, 2009 THE Dow and S&P 500 slipped yesterday as financial shares sank and on disappointing housing data, but the Nasdaq rose as investors snapped up technology shares ahead of results from Hewlett Packard. After a choppy session, financial shares fell as the US Senate passed a bill to curb sudden credit card interest rate increases and [...]
How to keep yourself young and healthy while soaking up the rays May 18, 2009 IT’S all too tempting to run joyfully to the beach or pool without a minute’s delay upon rocking up at your sun-drenched destination. But the glee of having escaped the damp squib of a British summer can distract you from the very pressing matter of your suncare. Those moments of joy at feeling warmth and [...]
Technology shares give Dow a boost May 14, 2009 US STOCKS rose last night as investors returned to financial and technology shares on bets the recent rally could have more room to grow after a brief pullback. Volume, however, was light, a possible indication of a lack of broad conviction. Technology gains were led by big-cap tech and semiconductor companies after five straight days [...]