Featured Posts

Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

Read more

Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

Read more

UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

Read more

My Orange phone lost its number … and four sim cards

Category : Business

All EE will say is an ‘isolated technical error’ is to blame

I bought a mobile phone for emergency use only from Orange, now EE, in 2011 and retained my old phone number. In January this year a message claimed the sim card was invalid. A new one was fitted, but the same problem occurred. I was told the phone was faulty and bought a new handset. Within days messages warned the sim card was invalid and simultaneously showed my credit as being £62.50 and 40p. Again the problem was fixed and again it recurred. Then, when my wife called my phone, it was answered by a stranger who said the number had been allocated to her when she bought a phone in February. After numerous complaints we were promised that I would be given a new number and my credit would be restored but two weeks on we are still waiting, I’ve received a call for the stranger and my credit is now 1p. JS, Ashreigny, Devon

EE blames an “isolated technical error” which left you “without service”. Quite how this allocated your number and, presumably, your credit to someone else, as well as invalidating four sim cards, it can’t explain. Nor does it clarify why it took media intervention to rescue you but it’s decided to give you £250 for the inconvenience.

If you need help email Anna Tims at or write to Your Problems, The Observer, Kings Place, 90 York Way, London N1 9GU. Include an address and phone number.

Newport Private Bank Opens Office in Orange County

Category : World News

LA JOLLA, CA–(Marketwire – Jan 17, 2013) – San Diego Private Bank announced that it has established a new division, Newport Private Bank, and opened a new office at the Airport Business Center, 18552 MacArthur Blvd. Suite 220, Irvine, CA. “We are excited to be participating in the dynamic private banking and family business markets of Orange County,” said Selwyn Isakow, Chairman and President of San Diego Private Bank. “We feel fortunate to have an exceptionally successful and driven banking team onboard to build our presence in this vibrant market.”

Read the rest here: Newport Private Bank Opens Office in Orange County

Post to Twitter

Jewelry Exchange Awarded Best Jeweler

Category : Stocks

TUSTIN, CA–(Marketwire – Dec 15, 2012) – The Jewelry Exchange has been recognized by the California State Assembly as the recipient of the Best Jeweler Award. The recognition is a result of the Jewelry Exchange being voted in the top tier of the Orange County Register’s “Best of Orange County.” This comes on the heels of the company’s 35th anniversary of offering high-quality jewelry and diamonds at direct prices. They currently own and operate 17 retail locations nationwide, including an online retail site.

Read this article: Jewelry Exchange Awarded Best Jeweler

Post to Twitter

Tournament of Roses Court Pays a Royal Visit to Medieval Times

Category : Stocks, World News

2013 Rose Queen and Princesses Pay First Visit to Orange County

More: Tournament of Roses Court Pays a Royal Visit to Medieval Times

Post to Twitter

EE rebranding is a missed call

Category : Business

EE looks more like a dull-but-worthy European quango than a consumer brand – why don’t they just unite under the Orange banner?

Eek, they’re not really going to call themselves EE are they? Well, it’s an improvement on the cumbersome Everything Everywhere; and maybe these things don’t raise an eyebrow in telecoms territory also occupied by 02 and Three. Even so, EE looks more like a dull-but-worthy European quango than a consumer brand.

The odd part is that the company also operates one of the great brands born in the past couple of decades. Why don’t they just unite under the Orange banner? It might offend the T-Mobile end of the joint venture. But, in the age of Apple, fruit is the way to go.

Go-ahead for first UK 4G service

Category : Business, World News

The telecoms regulator allows the owner of Orange and T-Mobile to launch 4G services, meaning faster mobile downloads could arrive in the UK earlier than expected.

More: Go-ahead for first UK 4G service

Post to Twitter

Everything Everywhere pays out £543m in dividends to shareholders

Category : Business

First-half results from company formed by merger of Orange and T-Mobile show a 9% increase in customer contract renewals

The company that owns the Orange and T-Mobile networks in the UK has paid £543m in dividends to its shareholders so far this year.

Everything Everywhere (EE) said the latest payments mean it had now handed back all of the £1.25bn lent by its owners, France Telecom and Deutsche Telekom, when the company was created through the merger of the Orange and T-Mobile operations two years ago.

Announcing first-half results, EE said it had paid out £250m in a special dividend in June plus a further £293m in March.

Its chief executive, Olaf Swantee, said underlying earnings in the six months to 30 June were down 1.3% to £673m on the same period last year as the company invested in retaining an unusually high number of customers whose contracts are coming up for renewal.

There was a 9% increase in contract renewals, with 150,000 customers, many of them coming out of two-year deals, seeking new terms and a phone upgrade. The company added 150,000 net new contract customers, but continued to shift reliance away from less lucrative pay-as-you-go subscribers, whose numbers fell by 313,000.

Contract subscribers spend on average five times as much as pre-pay, and now account for half of EE’s customer base.

Service revenues – from calls rather than handset sales – fell 1.8% to £2.989bn, although without the impact of regulator-imposed price cuts they rose 3.1% in the six months to 30 June.

Swantee, who arrived just under a year ago tasked with speeding up the merger, said IT, warehouse and point-of-sale systems in shops had now been fully integrated, and nearly 1,400 masts decommissioned as the Orange and T-Mobile networks have integrated. The company is now on track to make £3.5bn in merger savings by 2014.

He welcomed the publication on Tuesday of the rules for the forthcoming 4G auction, which will release the spectrum needed to speed up mobile internet connections, but urged regulators to approve EE’s application to use spectrum it already holds to launch its own 4G service ahead of competitors.

The company has already upped its expenditure on the network, and is understood to have already installed enough 4G equipment to roll out the service in a number of the UK’s major cities. It has committed to spending £1.5bn over three years upgrading for 4G.

“We are confident that we can bring 4G to the UK by the end of this year, all we need now is the licence liberalisation,” said Swantee.

EE is also selling a chunk of its spectrum, valued at £450m by analysts, which its three rivals, Vodafone, O2 and Three are understood to have submitted bids for. If EE does not sell the spectrum before the 4G auction it must hand it back to the telecoms regulator, Ofcom.

“We are very confident that we can complete the sale process before the auction starts,” said Swantee.

France Telecom (FTE) will compensate subscribers after its Orange cellular network suffered a 10-hour failure over Friday and Saturday that left customers unable to make calls and send texts. France Telecom intends to offer free calling, texting or…

Category : Stocks, World News

France Telecom (FTE) will compensate subscribers after its Orange cellular network suffered a 10-hour failure over Friday and Saturday that left customers unable to make calls and send texts. France Telecom intends to offer free calling, texting or mobile Internet surfing in September, although the carrier didn’t say how much this will cost. Post your comment!

View original post here: France Telecom (FTE) will compensate subscribers after its Orange cellular network suffered a 10-hour failure over Friday and Saturday that left customers unable to make calls and send texts. France Telecom intends to offer free calling, texting or…

Post to Twitter

Physician Shares Health IT Story in the Nation’s Capital

Category : World News

ORANGE, CA–(Marketwire – Jun 19, 2012) – Now that many Orange County providers have successfully implemented an electronic health record (EHR), three are ready to share with the rest of our nation’s healthcare community how EHR technology can help improve patient care. Drs. Allison Foley, Jason Khamly and Michael Gilbert are part of 82 healthcare providers from across the country whose progress in Health IT will be recognized by the White House and Health and Human Services (HHS) at two events in Washington, D.C.

Continued here: Physician Shares Health IT Story in the Nation’s Capital

Post to Twitter

Literary fiction: oranges and turnips | Editorial

Category : Business

Orange pulling out of sponsoring the book prize is good news for film (it sponsors the Baftas) but bad news for authors

On Wednesday night, the young American writer Madeline Miller won the 17th Orange prize for fiction with her novel The Song of Achilles. It is her first book, and to win the Orange will put rocket boosters under her career. Shame then, that only a few days earlier, Orange announced it had taken the strategic decision to pull out of sponsoring the prize. Good news for film (it sponsors the Baftas). Bad news for books, authors and publishers.

For the chosen few, literary prizes make a career. It is not only the money, it’s the profile. No two people ever agree about a novel, and tales of fisticuffs on the judging panel are the stuff of successful sponsorship. Confining an award to women writers in English is more contentious still. But critics like AS Byatt who famously called the Orange award “sexist” might consider the impact on sales of the Bessie. Four of the top five bestsellers of recent serious fiction won the Orange. Only Booker winner Yann Martel’s Life of Pi has done better. Ever since 1996 when Orange teamed up with agents and publishers to provide an alternative to the male-dominated Man Booker prize, a stream of gifted winners have had the chance to devote themselves full-time to their work. Many, like Helen Dunmore, Ann Patchett, Chimamanda Ngozi Adichie and Andrea Levy, have gone on to film contracts, other book prizes and the kind of mass readership that gets them into the Waterstone’s window. “Prizes give one novelist a chance,” Linda Grant (winner in 2000) wrote recently. “A chance to go on writing, to produce a body of work, to do so without financial anxiety.”

At the awards ceremony this week, one former judge, Martha Lane Fox, picturesquely dismissed Orange as turnips. Kate Mosse, who founded the prize, insists talks with possible successor sponsors are already under way. But the PR and marketing departments who choose where to get the best value for their sponsorship buck tell a different story. The Bafta awards, with their famous-from-TV stars and edge-of-the-seat presentation, guarantee their sponsor hours of primetime TV. The Man Booker prize might get a section on Newsnight Review. Sponsoring women writers just about makes it onto the news channels.

If literature is beginning to struggle to find commercial sponsorship, the Arts Council might dig deeper. But although its support for literature has increased recently, it is still running at just 2% of its total budget, while its principal focus is on poetry, translation, and black and minority ethnic writing and publishing. Of course, they need the support too. The uncomfortable truth is that all literature, especially new literature, is becoming an unsponsorable commodity – unlike mass-audience, multi-platform film, it is a luxury enjoyed in solitude.