S&P 500 Index rises to record close boosted by corporate earnings beating expectations July 20, 2015 Wall Street was up this afternoon, with Standard & Poor’s 500 Index beating its all-time high close, rising 0.2 per cent to close at 2,130.85. These buoyant figures beat out the previous record close set two months ago, and are boosted by corporate results beating analysts’ forecasts. Commodities were down, with gold prices plunging to [...]
KKR takes stake in Swiss-based software group August 18, 2015 KKR, the private equity firm, has bought a 25 per cent stake in Swiss-based group SoftwareOne, which works with blue chip firms such as Microsoft, IBM, and SAP. Management, existing shareholders and the firm’s founding partners will own the other 75 per cent of the company as part of the deal, terms of which were [...]
Apple’s value loses billions and tech share prices tumble July 22, 2015 European tech stocks have tumbled this morning after a string of muted results from the likes of Microsoft, IBM and Apple, which lost billions from its value in after-hours trading following a more reserved set of numbers from its third quarter earnings. The FTSE Eurofirst 300 tech index was trading down this morning while Arm's [...]
Oxford so passe August 13, 2015 STUDENT satisfaction remains undented by higher fees, according to yesterday’s national survey, but more surprising are the unis making students happiest. Concerned your offspring didn’t get the right A-levels for international relations at Durham today? Don’t worry, topping the survey were lesser-known schools from Keele to Surrey. Oxbridge certainly seems to dominate the business landscape, [...]
Fraud the $3.7tn industry September 15, 2015 As modern fraudsters get bolder and more sophisticated, Joanne Frearson talks to IBM’s Paul Clandillon about how to take them on THE AMOUNT being lost by corporations on fraud now totals approximately $3.7trillion of global GDP. Fraudsters have become more sophisticated. They are no longer looking at small opportunistic crimes, but are working together to [...]
Buffett left red faced as IBM’s shares tumble October 20, 2014 JUST days after legendary investor Warren Buffett admitted that buying a near four per cent stake in Tesco was a “huge mistake”, another one of US fund manager’s big gambles is looking shaky. IBM. led by chair and CEO Ginni Rometty, yesterday reported that sales fell four per cent to $22.4bn (£13.9bn) in the three [...]
US markets fall, dragged by tech giants Apple, Facebook, Twitter share price sliding July 22, 2015 US markets were weighed down by plunging tech stocks after disappointing results from several giants, with Apple leading the fall after iPhone sales missed forecasts. Wall Street was weighed down by a Silicon Valley that was decidedly glum today, with Dow Jones closing 1 per cent down and Nasdaq 0.5 per cent. After yesterday's earnings [...]
US investors awaiting slew of tech results – New York Report July 19, 2015 GOOGLE’S strong quarterly results, which unleashed a massive surge in its shares on Friday, has investors feeling upbeat heading into this week’s tech-heavy slate of earnings reports. Among the numerous tech companies releasing earnings next week are International Business Machines, Microsoft and Apple, all of which are expected to show growth. Wall Street analysts expect [...]
Market steady as corporate results kick off – New York Report July 20, 2015 GAINS from a better-than-expected start to corporate earnings season, which boosted investor confidence, were curbed by a drop in commodities yesterday. The Dow Jones industrial average rose 13.96 points, or 0.08 per cent, to 18,100.41, the S&P 500 gained 1.64 points, or 0.08 per cent, to 2,128.28 and the Nasdaq Composite added 8.72 points, or [...]
I let myself be hacked by an ethical hacker and this is what I learned about cybersecurity November 4, 2015 Let me tell you this: it’s quite a disconcerting feeling to sign a form agreeing to let a hacker break into all your personal data. Even when it’s an ethical one. I’d agreed to let cybersecurity expert Ollie Whitehouse do his worst, and access as much of my information online as possible. But waiting to [...]