Funds that were buying one and shorting the other are reportedly unwinding their trades.
View original post here: The hedge funds’ Google vs. Apple trade
The iPhone maker has reportedly cut orders for some components, raising fears that demand for the device is waning.
More: Apple slides 3%, briefly dips below $500
Category : Business
The Microsoft CEO is reportedly part of an investor group that will help bring basketball back to Seattle.
See the original post: Is the NBA ready for Steve Ballmer?
Category : World News
Quick take on Apple/HTC: If the deal reflects a new willingness by Apple to make peace with Android OEMs, it’s likely for one or more of the following reasons. 1) Apple realizes its costly legal war has done little thus far to halt Android’s share gains, or to cripple iPhone rivals. 2) Apple is aware its lawsuits are hurting its image in some circles. 3) Apple realizes it could reap a windfall from Android royalties. For example, a royalty of 15/device (on par with what Microsoft is reportedly charging) could yield over $5B/year, given activation trends. 
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Category : Business, World News
Swiss bank UBS reportedly plans to announce up to 10,000 job cuts worldwide as it slims down its investment banking activities.
Read this article: UBS ‘to announce 10,000 job cuts’
Category : World News
Google (GOOG) has cancelled its Oct. 29 NYC Android event due to Hurricane Sandy. The Nexus 10 tablet was reportedly going to be announced, along with Nexus 7 updates, a new Nexus smartphone from LG, and Android 4.2. Post your comment!
 Sky News Australia |
Jordan disrupts major al-Qaeda terrorist plot
Washington Post Authorities in Jordan have disrupted a major terrorist plot by al-Qaeda-linked operatives to launch near-simultaneous attacks on multiple civilian and government targets, reportedly including the U.S. Embassy in the capital, Amman, Western and Middle … Jordan 'al-Qaeda plot uncovered' Category : World News US coffee giant Starbucks reportedly paid just £8.6m in corporation tax in the UK over 14 years and nothing in the last three years. Read more: Starbucks ‘paid just £8.6m tax’ Category : World News Yahoo (YHOO) is once more trying to mount a challenge to Google’s (GOOG) AdSense display ad network by launching Yahoo Bing Network Contextual Ads (ed: doesn’t that roll off the tongue?), a solution that lets Yahoo/Bing search advertisers buy text ads for 3rd-party sites. Marissa Mayer has made improving ad monetization a priority, and reportedly wants to invest hundreds of millions in ad tech to further this goal. Contextual ads could be a good proving ground. Category : Stocks, World News Sharp (SHCAY.PK) is reportedly in talks with Intel (INTC) over a possible capital tie-up involving a cash injection of more than $383M. INTC is looking to capitalize on Sharp’s small-to medium-sized LCD panel technology, while for Sharp, the tie-up would provide much needed cash and a steady customer flow for its panel technology. |