WHAT THE OTHER PAPERS SAY THIS MORNING December 2, 2010 FINANCIAL TIMES BANKS’ ASSET SELLING HINTS AT BETTER CONDITIONS Banks are selling some of the companies they took over from their private equity owners during the financial crisis, such as Swedish fridge-maker Dometic and German construction group DSI, indicating that the economic cycle is turning. Bargain-hunting private equity executives have been frustrated at the dearth [...]
Memo to Apple: make an electric car November 14, 2010 WHAT a tragedy Apple doesn’t make cars. We would all be better off if it did. With the price of oil spiraling again, the world needs a real alternative to traditional, petrol-powered cars – not a slightly fake, subsidised, feel-good half-solution that appeases Western consciences, but a proper, competitive, efficient and high-performance electric car that [...]
Nokia back in driving seat as takes over at Symbian November 8, 2010 NOKIA has taken back full control of the Symbian operating system, retaking management of a key asset which it had given to the open source community to run only a few years ago. Nokia said yesterday it would take care of Symbian platform development from April 2011 onwards, while the cross-industry Symbian Foundation will in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 5, 2010 FINANCIAL TIMES NEW HOLE IN CONNAUGHT DEBT The scale of debt at Connaught, the collapsed property services group, will be greater than previously thought after administrators found 50,000 invoices that the company had not accounted for. Management accounts had led administrators from KPMG to believe that the social housing maintenance arm of Connaught owed £46m [...]
Intel on track to launch new tablet chips November 1, 2010 Intel is on track to launch an improved chip platform aimed at the fast-expanding tablet market, where so far it has trailed nimble competitors that specialise in cheap low-power processors. Code-named Oak Trail and due to begin shipping in early 2011, the chips have much-improved energy efficiency and hold their own compared to processors made [...]
AIA float sees 17 per cent share surge October 29, 2010 AIA Group surged 17 per cent in its Hong Kong debut as investors, chasing exposure to Asia’s fast-growing life insurance business, piled into the record offering in the world’s hottest IPO market. The stronger-than-expected listing is a relief for bailed-out insurer American International Group Inc after a two-year effort to sell its Asian unit, including [...]
AIA float sees investors pile in October 29, 2010 AIA Group surged 17 per cent in its Hong Kong debut as investors, chasing exposure to Asia’s fast-growing life insurance business, piled into the record offering in the world’s hottest IPO market. The stronger-than-expected listing is a relief for bailed-out insurer American International Group Inc after a two-year effort to sell its Asian unit, including [...]
Motorola in the black for first time in three years October 28, 2010 Motorola made money from its phones for the first time in more than three years in the third quarter, helped by smartphones running Google Android software. Motorola’s total third-quarter profit rose to $109m (£68.4m), or five cents per share, from $12m , or one cent per share, a year earlier. Revenue rose six per cent [...]
Google and Carphone in mobile deal October 25, 2010 THE SECOND Google-branded mobile phone will hit the UK in time for Christmas through an exclusive deal with Carphone Warehouse, City A.M. has learned. Its predecessor, the Nexus One, is the flagship device for the search giant, which is desperately trying to wrest market share from Apple’s iPhone. The deal with Carphone represents a major [...]
Apple rides high but iPad falters October 18, 2010 Apple last night smashed expectations to post record fourth quarter profits and revenues, boosted by blockbuster sales of its new iPhone 4. However, its landmark iPad tablet device lagged behind analyst forecasts as supply issues continued to dog the world’s biggest technology firm. Apple shifted 4.2m iPads in the quarter, falling well short of analyst [...]