Apple set to unveil iPad Mini
Apple hopes to maintain its dominance in the tablet market despite competition from Microsoft, Google and Amazon with a cheaper, smaller iPad, which is expected to be unveiled next week. The California-based technology group has sent out invitations to a press launch next Tuesday. Months of leaks suggest the event will centre on an 8-inch iPad, which analysts estimate might cost about $250 (£155). Confirmation of the press conference in San Jose, California, helped lift Apple’s shares 2.4 per cent to $649.79.
CWC set to offload Macau stake
Cable & Wireless Communications (CWC) is in advanced talks to sell its controlling stake in Macau’s largest telecoms group for as much as $650m to Citic Telecom International, part of the Chinese state-controlled conglomerate.
MasterCard mines data for marketers
MasterCard has started to analyse transaction data to help marketers direct targeted advertising at consumers, after launching a controversial initiative to make money from its vast database of retail purchases.
Cosworth gives green light for sale
After months of waiting to test the stock market with a flotation of the company, the owners of British racing team Cosworth have instructed UBS to find a buyer for the business.
Bolloré puts mobile sale on agenda
The French corporate raider Vincent Bolloré said yesterday that he had acquired a 5 per cent stake in Vivendi, increasing speculation that the firm is planning a sell off its mobile business.
The Daily Telegraph
Rothschild ‘wrong’ on Bumi dangers
Nat Rothschild is “completely wrong” about the controversial “divorce” deal facing Bumi, according to deputy chairman Sir Julian Horn-Smith, the man trying to steady the troubled coal group.
Depp to become book publisher
Johnny Depp is launching a new career as a book publisher, saying he hopes to bring previously unheralded tomes on to the market. The Pirates of the Caribbean star has teamed up with HarperCollins.
THE WALL STREET JOURNAL
EU official quits over tobacco probe
The European Union’s commissioner for health and consumer policy, John Dalli, resigned following an investigation by the EU’s antifraud office into a complaint made by tobacco firm Swedish Match.
Microsoft sets $499 price for Surface
Microsoft set the starting price for its new tablet computer due out next week at $499 (£309), following the lead of Apple’s iPad while undercutting pricing of some of the software giant’s allies.