ABOUT SCHMIDT August 3, 2009 GOOGLE chief executive Eric Schmidt yesterday resigned from the board of Apple, citing conflicts of interest and increased competition between the two companies . The move comes amid increased regulatory scrutiny of the relationship between internet search giant Google and Apple, the maker of iPhones and Mac computers.
Yahoo and Microsoft’s marriage will be loveless July 30, 2009 AFTER 19 months of will-they, won’t-they courtship, Microsoft has finally tied a knot of sorts with Yahoo. Microsoft will merge Yahoo’s search technology into its own platform, Bing, while Yahoo will handle search ad sales. For Yahoo, however, this isn’t “happy ever after”. It has been forced into a loveless, arranged marriage because of money [...]
MICROSOFT HITS BACK AT GOOGLE July 29, 2009 SOFTWARE giant Microsoft yesterday sealed a global search advertising deal with internet giant Yahoo, ending a 19-month courtship and launching its next assault on Google’s market dominance. Under the freshly-drafted 10-year agreement, Microsoft’s Bing search engine – launched in June – will power search queries on Yahoo’s sites, while Yahoo will provide the search-advertising sales [...]
MICROSOFT HITS BACK AT GOOGLE July 29, 2009 SOFTWARE giant Microsoft yesterday sealed a global search advertising deal with internet giant Yahoo, ending a 19-month courtship and launching its next assault on Google’s market dominance. Under the freshly-drafted 10-year agreement, Microsoft’s Bing search engine – launched in June – will power search queries on Yahoo’s sites, while Yahoo will provide the search-advertising sales [...]
China’s banks weigh heavily on Wall St July 29, 2009 US STOCKS fell yesterday as investors worried that China’s banks could hit the brakes on lending to stem market excesses, a move that could curb the global economic recovery. Concerns about China hurt commodity prices and hit shares in the energy and raw materials sectors, while a steep drop in US durable goods orders in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 28, 2009 FINANCIAL TIMES FINES CALL FOR AIRBUS AND EADS EXECUTIVESSeven current and former executives of Airbus and its parent company EADS, including Noel Forgeard, former EADS co-chief executive, should be fined for alleged insider share dealing offences according to a provisional report prepared for the French financial markets regulator. The 381-page report has recommended a total [...]
Google sells AOL stake at a loss July 28, 2009 Google has sold its five per cent stake in AOL back to Time Warner for $283m – a fraction of the $1bn it was worth at the time of purchase, less than four years ago. Time Warner bought back the stake on 8 July, according to a filing by AOL with the US Securities and [...]
First drop in revenue for Microsoft July 23, 2009 SOFTWARE giant Microsoft yesterday posted its first drop in revenue since it went public in 1986, after it was hit by the global downturn and falling sales of its key products. The world’s biggest software firm said revenue for the three months to the end of March was $13.65bn (£8.3bn), a drop of six per [...]
First drop in revenue for Microsoft July 23, 2009 SOFTWARE giant Microsoft yesterday posted its first drop in revenue since it went public in 1986, after it was hit by the global downturn and falling sales of its key products. The world’s biggest software firm said revenue for the three months to the end of March was $13.65bn (£8.3bn), a drop of six per [...]
The tech sector recovery will leave some behind July 23, 2009 WHEN Apple sneezes, the whole technology industry catches a cold. That’s why its stunning results earlier this week saw analysts reaching for their rose-tinted spectacles. With the news coming hot on the heels of a bullish outlook from chipmakers Intel and Texas Instruments, several pundits called an end to the technology sector’s woes. Yesterday’s Gartner [...]