IBM results halt US index gains in volatile day – New York Report January 21, 2015 US STOCKS edged up in a choppy session yesterday as traders digested reports that new stimulus would be announced by the European Central Bank at its meeting today, while declines in IBM limited gains. Market participants have been looking for more aggressive measures from central banks to combat the risk of deflation and a weakening [...]
Dell to buy EMC Corporation in $67bn merger – the biggest tech deal in history October 12, 2015 The rumours were right: Dell had got something really big up its sleeve. The giant just unveiled the biggest tech deal in history, after agreeing to a $67bn acquisition of data storage maker EMC. The offer EMC has agreed to is worth $33.15 a share, of which $24.05 in cash plus tracking stock in EMC's holding [...]
Dow falls on low earnings – New York Report July 21, 2015 US STOCKS fell yesterday following results from IBM and United Technologies that dampened early optimism over earnings season. Investors were also awaiting quarterly profits from tech giants, including Apple and Microsoft. The Dow fell one per cent, to 17,919.29, with IBM and United Tech contributing around 118 points to the 181-point drop. The S&P 500 [...]
Sidney Taurel named Pearson’s new chairman, succeeding Glen Moreno October 26, 2015 Pearson has named Sidney Taurel as its new chairman, to replace Glen Moreno who is stepping down after a decade at the helm. Taurel is the former chief and chairman of pharmaceutical company Eli Lilly, and boasts close ties to American politics. He served as a member of George Bush's Homeland Security Advisory Council, Export Council and Trade Policy and Negotiations Committee [...]
Tech giants help to keep Wall Street flat – New York Report October 20, 2015 A drop in healthcare and biotech stocks offset gains in United Technologies and Verizon yesterday as US stocks ended down slightly. A 5.7 per cent drop to $140.64 in IBM also weighed on the market. The stock hit a five-year intraday low at $140.28 after it reported a bigger-than-expected fall in quarterly revenue and cut [...]
City Moves for 3 November 2015 | Who’s switching jobs November 2, 2015 WRAGGE LAWRENCE GRAHAM & CO The law firm has announced the appointment of Andrew Warren as business development director. He joins from DLA Piper, where he worked for 17 years, most recently as head of marketing operations. RATHBONE INVESTMENT MANAGEMENT The investment management firm has appointed Natalie Merrens as head of investment solutions for its [...]
The US is building the world’s fastest supercomputer, and it will be 20 times quicker than anything known to man July 30, 2015 A supercomputer 20 times faster than any currently in existence is being built by the US. Read more: As fast as a supercomputer and as small as a postage stamp: the new computer chip that mimics the brain A statement released by President Barack Obama said the “exascale” machine will be finalised by 2025, and [...]
Psst … Warren Buffett’s Berkshire Hathaway could be making a secret purchase August 15, 2015 Psst … Billionaire investor Warren Buffett's Berkshire Hathaway could be quietly making a secret purchase. The most tantalising element of a disclosure, filed with the U.S. Securities and Exchange Commission, was what had been left out. "Confidential information has been omitted from the public Form 13F report and filed separately with the U.S. Securities and Exchange Commission," it said. [...]
Left-handed City workers still being left behind in the office August 11, 2015 Office workers who are left-handed are at a big disadvantage at work – at least according to recruiters CV Library, who say left-handed employees still face unexpected obstacles in the workplace. Only a quarter of businesses provide left-handed staff with specialist office equipment and stationery, despite 82.4 per cent of employees believing that employers have [...]
How Google is breaking the rules of corporate branding to get its Alphabet to pay off August 11, 2015 Google’s creation of its Alphabet parent is a future-looking, ambitious strategy that few others would have the boldness to do. But it’s bold for a reason: creating new challenges for Alphabet to make it a real success. What Google is doing breaks the normal rules of corporate branding. Read more: Three things you should know [...]