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 [...]
Microsoft unveils 10 new phones as it bids to usurp Apple and RIM October 11, 2010 MICROSOFT has unveiled 10 new Windows Phone 7 powered mobiles as it attempts to catch up with rivals Apple, Google and RIM. Microsoft will supply software to five new HTC phones, two Samsung, two LG and one Dell. The devices will be available with 60 operators in 30 countries. They will hit Europe immediately and [...]
Samsung hit by downturn in TV sales October 7, 2010 Samsung yesterday ended a record run of quarterly performances as a negative earnings guidance caused the firm’s stock to lurch. The world’s largest memory chipmaker, which has a tradition of beating even the most bullish estimates, faces a tough outlook as a fragile world economy has hit demand for TVs and computers. It now expects [...]
Samsung hit by weak TV sales October 7, 2010 Samsung Electronics Co’s disappointing earnings guidance sparked slowdown worries as prices of its key products slide, hitting shares and ending the technology group’s run of record quarterly performances. The world’s largest memory chipmaker, which has a tradition of beating even the most bullish estimates, faces a tough outlook as a fragile world economy has hit [...]
Visa pushes new mobile phone payment systems September 19, 2010 VISA will roll out a network that will allow its customers to pay for goods using their mobile phones in time for the 2012 Olympics. The world’s biggest payment processing firm hopes the new technology will allow it to corner the small transactions market, which is still dominated by cash purchases. The firm believes the [...]
Arm shares rise to eight-year high as new chip is unveiled September 9, 2010 BRITISH chip designer Arm Holdings unveiled a new processor that could help it extend its dominance in mobile phones into new markets, sending its shares to a new eight-year high yesterday. Arm, led by chief executive Warren East, is making inroads into bigger rival Intel’s territory with design wins including Apple’s iPad tablet computer. Texas [...]