After suprising analysts with their first quarter earnings of $1.8bn, Goldman’s today announced a profit of $3.44bn for the April – June period. Their share price has risen by 75% this year. Financial crisis? What financial crisis?! William Smith, chief executive of Smith Asset Management, said that Goldmans should be “Celebrated, not demonised”. While it [...]
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Google Announces Chrome OS
Hot on the heels of its Chrome web browser, Google has announced an OS that will initially run on netbooks. Microsoft must be increasingly uneasy – first Google dominated the search engine market, then it entered the web-based e-mail market with Gmail. Android invaded Windows Mobile’s turf. And then Google jumps into the browser market [...]
Scrappage Scheme Shows Positive Results
The government car scrappage scheme – where £2000 is discounted when you trade in an old car – has proven successful, with month on month orders falling at a slower rate. Furthermore, the take-up suggests that the scheme will run its course by October this year as opposed to March next, as originally forecast. Full [...]
Setanta Calls in the Administrators
The inevitable was finally announced today – Setanta has called in the administrators (Deloitte) and will be off the air from 17.00. It has been a matter of time since they lost the EPL rights to ESPN, and the SPL rights (likely to Sky), and goes to show that the EPL is not the easy [...]
Online Sales Increase Slows
New figures from the IMRG Capgemini e-Retail Sales Index show that online sales increased 8.2% year on year in May, to £3.7bn. This is the slowest rate of increase since the inception of the index, and illustrates the lack of consumer confidence. However, compared to High St. spend, which increased by only 0.8%, it looks [...]
Real Madrid bid £80m for Cristiano Ronaldo
It is stunning in these times of economic strife that Real Madrid are capable of spending £80m on a footballer. A good footballer, granted… but £80m? And this in addition to the E56m they have already laid out on Kaka, the Brazilian from AC Milan. There are also rumours that they are after David Villa, [...]
Microsoft Continue Living Room Domination
Following last week’s announcement that Sky Player will be supported via Xbox Live comes today’s revelation that Facebook, Twitter, and Last.fm will also be integrated. This is major news, and gives Microsoft a definite advantage over Sony in the console war. The 360 is finally looking like becoming the all-in-one entertainment system that the online [...]
Time Warner and AOL to Split
The definitive dotcom bubble purchase is cast back on its own… Click here for the full story.
Springwise
The next issue of Springwise hit our inbox last night, with nascent trends from the world of entrepreneurialism and invention. This issue includes people who photograph tin cans, teeth cleaners for red wine drinkers, and a(nother) crowdsourcing fashion label. See here for the full issue.
Twitter is not for sale… Yet
Twitter co-founder Biz Stone has insisted that a sale of Twitter is not imminent, but rather that the aim is to become: a successful profitable independent company Nothing unusual there. What does seem unusual is that the likes of Facebook and Google are rumoured to be willing to pay hundreds of millions of pounds for [...]