February 11, 2014
UK seeing ‘right kind of growth’
The UK economy is starting to see the right kind of growth, says employers organisation the CBI. "Our forecast shows encouraging signs that business investment and net trade are starting to play their part," said CBI boss John Cridland. He said the…
February 3, 2014
Porsche board members face 1.8bn euros lawsuit
Porsche's chairman Wolfgang Porsche and board member Ferdinand Piech are being sued by seven hedge funds over its failed takeover bid for Volkswagen. They are seeking 1.8bn euros ($2.4bn; £1.5bn) in compensation. Porsche has been accused of…
February 2, 2014
Google poised to execute long-delayed stock split
Google is finally ready to split its stock for the first time, more than three years after co-founders Larry Page and Sergey Brin began discussing a move engineered to ensure they remain in control of the Internet's most powerful company. The…
February 2, 2014
Wal-Mart lowers profits guidance
Wal-Mart has trimmed its trading outlook for this year, citing a range of one-off costs including the closure of some stores in China. The world's largest retailer said profits were likely to be at, or below, the lower end of financial forecasts.…
February 2, 2014
Argentines jockey to cope with economic turmoil
Prices are soaring, foreign reserves are falling and the peso has had its sharpest slide in 12 years. Instead of rioting, though, Argentines are falling back on tried and true survival skills learned in earlier, more dire times. Some are hoarding…
February 2, 2014
IMF predicts economic growth for St Kitts-Nevis
The International Monetary Fund (IMF) is predicting economic growth as high as three per cent for St Kitts-Nevis in 2014. An IMF mission Friday ended a three-day visit to the twin island Federation conducting reviews of the three-year…
February 2, 2014
Pressure mounts for Apple to expand its horizons
Apple reshaped technology and society when Steve Jobs unveiled the iPhone seven years ago. Now, the trend-setting company is losing ground to rivals that offer what Apple has stubbornly refused to make: smartphones with lower prices and larger…
January 28, 2014
Global smartphone shipments top one billion ‘milestone’
More than one billion smartphones were shipped last year, with Samsung extending its lead as the world's biggest vendor, a new survey has showed. According to market research firm IDC, 1.004 billion smartphones were shipped last year, marking a…
January 28, 2014
Apple shares plunge after reporting flat earnings
Shares in tech giant Apple fell close to 9% in after-hours trading after the firm reported flat profits of $13.1bn (£7.9bn) during the October to January quarter. While the earnings beat expectations, the firm lowered it sales outlook for 2014,…
January 28, 2014
Sony’s credit rating cut to junk
The Japanese electronic giant, Sony, has had its credit rating cut to junk status by ratings agency Moody’s. Moody’s said it expected earnings from Sony’s core businesses to continue to face “significant” downward pressure. It said it was especially…