Category archives for News World

US election 2012: hug photo makes social media history

A photograph of Barack Obama embracing his wife Michelle has become the most liked and re-tweeted post ever   The photo of the Obamas hugging was posted soon after the television networks called victory for him in the crucial swing state of Ohio. Photograph: Gabriel Bouys/AFP The photograph of Barack Obama embracing his wife Michelle […]

Angry Birds Star Wars – review

The Force is strong (and feathery) with new iPhone, iPad, Android and Windows Angry Birds Star Wars sees some familiar characters in new guises angry birds, star wars. The very thought of these two global entertainment brands coming together was controversial when first announced, with plenty of critics suggesting the Star Wars brand was somehow […]

Telefonica targets retailers with street smart data

LONDON | Mon Oct 8, 2012 7:10pm EDT Telefonica is setting up a business to sell data it collects from millions of its mobile phone customers to retailers which could provide the company with a new source of income. The Spanish telecoms group, owner of the O2 brand in Britain, Germany and other European markets, […]

MOVES-William Blair, Barclays, MCB Finance, Carlyle

Mon Sep 17, 2012 3:48pm EDT The following financial services industry appointments and departures were announced on Monday. To inform us of other job changes, email to WILLIAM BLAIR & CO LLC The investment banking and asset management firm appointed Ryan DeVore to the new position of director of Private Client Advisors. DeVore previously […]

Sprint weighs rival bid for MetroPCS: sources

Thu Oct 4, 2012 4:49pm EDT Sprint Nextel Corp (S.N) is considering making a rival bid for MetroPCS Communications Inc (PCS.N), which agreed on Wednesday to a merger with Deutsche Telekom AG’s (DTEGn-DE) T-Mobile USA, according to people familiar with the situation. Sprint is deciding whether to go public with a bid for MetroPCS, or […]

Goldman names Schwartz CFO as Viniar retires

By Lauren Tara LaCapra Tue Sep 18, 2012 6:16pm EDT Goldman Sachs Group Inc’s (GS.N) longtime chief financial officer, David Viniar, will retire at the end of January and be replaced by Harvey Schwartz, the global co-head of securities, the investment bank said on Tuesday. Schwartz, 48, joined Goldman in 1997 from Citibank. He is […]

Jefferies shares drop sharply on weak operating results

By Lauren Tara LaCapra Thu Sep 20, 2012 2:47pm EDT Jefferies Group Inc (JEF.N), an investment bank, reported quarterly banking and trading revenue below some analysts’ forecasts, a sign that the summer was likely also rough for its bigger competitors, and the bank’s shares fell 6.6 percent. Trading activity picked up across the board in […]

S&P 500 dips after four days of gains; earnings eyed

By Angela Moon NEW YORK | Fri Oct 5, 2012 4:32pm EDT The S&P 500 broke a four-day string of gains, ending slightly lower on Friday as an unexpected drop in the U.S. unemployment rate was overshadowed by concerns about the coming earnings season, which begins with Alcoa next week. All three major U.S. stock […]

Oracle sees software growth amid weak hardware sales

By Jim Finkle and Nicola Leske BOSTON/NEW YORK | Thu Sep 20, 2012 6:41pm EDT Oracle Corp’s hardware sales are expected to drop further after tumbling 24 percent from a year ago, the software maker said, as it strives to turn around its Sun computer division amid tight technology budgets. The company run by Silicon […]

RPT-Zynga’s weak pivot to mobile, loss of casual gamers turns serious

Mon Oct 8, 2012 7:00am EDT By Malathi Nayak and Gerry Shih Oct 8 – Zynga Inc’s inexorable decline over the past six months, capped by a sharp reduction in its 2012 outlook on Thursday, has sharpened interest in what Chief Executive Mark Pincus will do next. Wall Street’s excitement over a game publisher once […]

Exclusive: Intel’s McAfee security plans layoffs

By Jim Finkle BOSTON | Mon Oct 8, 2012 6:25pm EDT Intel Corp’s McAfee security division is planning to lay off a “small percentage” of its workforce of about 7,100 employees, a company spokesman said on Monday. McAfee spokesman Ian Bain said he could not provide more information about the planned job cuts, which the […]

Zynga executive overseeing key poker game departs

SAN FRANCISCO | Mon Oct 8, 2012 10:54pm EDT Zynga Inc’s executive overseeing its key poker game has quit, hitting the gamemaker in a particularly vulnerable spot as it struggles with a steady employee exodus and falling revenue. The exit of former Zynga Poker General Manager Laurence “Lo” Toney, announced on Toney’s LinkedIn profile on […]

Facebook crosses billion threshold, on quest for growth

By Liana B. Baker and Gerry Shih NEW YORK/SAN FRANCISCO | Thu Oct 4, 2012 7:36pm EDT Facebook Inc passed the 1 billion user mark in September, a level of global penetration that is a remarkable achievement for an 8-year-old social network and a heightened challenge to its quest for sustained growth. Facebook, which has […]

Facebook pitches new $20 million “Sponsored Stories” settlement

By Nate Raymond Mon Oct 8, 2012 4:47pm EDT Facebook Inc has proposed a revised $20 million settlement in a class action lawsuit accusing it of violating the rights of users through its “Sponsored Stories” advertising feature after a U.S. judge rejected an earlier accord. The new settlement agreement, filed Saturday in U.S. District Court […]

Gold Market Update – 8th Oct

We commented in our update to subscribers on Friday that if we didn’t break through the 1780-1800 resistance area after the US jobs numer, there was a strong probability that we would see a deeper decline in gold. This morning, gold has sold off below 1780 and has broken below the rising trendline that we […]

Five Mistakes To Avoid When Trading Financial Markets

It’s a well known fact that 95% of “retail” traders (i.e. the small speculators) will lose money trading the financial markets.  Little wonder then that small speculators are referred to as “dumb money” by investment professionals and monitored as a contrarian indicator for future price direction. It is not simply that the little guys choose […]

Romney casts Obama’s foreign policy as weak, dangerous

By Steve Holland LEXINGTON, Virginia | Mon Oct 8, 2012 7:38pm EDT Republican presidential candidate Mitt Romney delivered a sweeping critique on Monday of President Barack Obama’s handling of threats in the Middle East, saying Obama’s lack of leadership had made the volatile region more dangerous. In what his campaign called a major foreign policy […]

Penn State coach Sandusky denies he molested children

  By Ian Simpson BELLEFONTE, Pennsylvania | Mon Oct 8, 2012 10:23pm EDT Former Penn State football coach Jerry Sandusky, on the eve of his sentencing for molesting 10 boys, on Monday denied he committed the “alleged disgusting acts” and said his wife has been his only sex partner. Sandusky, 68, in a taped statement […]

Turkish president says “worst case” unfolding in Syria

By Hamdi Istanbullu GUVECCI, Turkey | Mon Oct 8, 2012 7:18pm EDT Turkish President Abdullah Gul said on Monday the “worst-case scenarios” were now playing out in Syria and Turkey would do everything necessary to protect itself, as its army fired back for a sixth day after a shell from Syria flew over the border. […]

Isolated North Korea says its rockets can hit U.S. mainland

SEOUL | Mon Oct 8, 2012 11:05pm EDT (Reuters) – Isolated North Korea has rockets that can hit the U.S. mainland, it said on Tuesday, two days after South Korea struck a deal with the United States to extend the range of its ballistic missiles. North and South Korea have been technically at war since […]

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