The Daily News app rockets into the top 20 free apps on iTunes after just two days on the market. More than 80,000 users have downloaded the app to be kept in the know on the go.
By News Staff Report / NEW YORK DAILY NEWS
Showing posts with label business news. Show all posts
Showing posts with label business news. Show all posts
Thursday, 14 March 2013
The Daily News mobile app surges in popularity and onto New Yorkers' phones
The sleek new Daily News app offers more than news, it also features info on and deals for local hot spots.
Samsung unveils new Galaxy S4 smartphone with touch-free control, 13-megapixel rear camera and dual-shot photo capabilities
Following up the success of the Galaxy S3, the S4 features include the ability to maneuver apps by simply hovering a finger over them, and the power to 'erase' background objects and people from photo. Samsung has not yet revealed the price of the new smartphone, which will be available in 155 countries at the end
By Adam Edelman AND Robert Dominguez / NEW YORK DAILY NEWS
Thursday, March 14, 2013,
James Keivom/New York Daily News
J.K. Shin, president of Samsung, shows off the new Samsung Galaxy S4 smartphone.
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Samsung unveils the Galaxy S IV
Hands-on with the Samsung Galaxy S IV
NEW YORK (CNNMoney)
Samsung's Galaxy S IV is here. As expected, it's built to vie for the position of best smartphone in 2013.
How it will compare with Apple's (AAPL, Fortune 500) next iPhone or Google's (GOOG, Fortune 500) future Nexus flagship phone remains to be seen. But after a few minutes playing around with the the Galaxy S IV, it's easy to see how this smartphone could end up in the same conversation.The Guts: The Galaxy S IV sports a five-inch screen with incredibly high resolution. The 1920x1080 pixel display is as good as you're going to find on any smartphone right now (HTC, LG, and Sony (SNE) all have similar displays as well).
But it doesn't feel overly big. The Galaxy S IV's bezel occupies so little space, the smartphone isn't much bigger than its predecessor, the 4.8-inch Galaxy S III.
The quality and design of the Galaxy S IV is definitely a step above its plasticky predecessor. But it's still not on the same level of a phone like the solidly constructed HTC One. One benefit of the Galaxy S IV's plastic shell, however, is that it allows for the phone to be lighter. At 130 grams, Samsung's new device is lighter than many smaller Android phones.
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Federal Reserve approves most bank capital plans
The US central bank has
said that most major US banks have strong enough balance sheets to
proceed with their plans for payouts to shareholders.
The Federal Reserve signed off the plans of 16 of 18 banks, but rejected the plans of BB&T and government-controlled Ally Financial.It also asked Goldman Sachs and JP Morgan Chase to modify their plans.
Following the announcement, banks including Bank of America announced share buybacks and dividend payouts.
This follows on from the Fed's annual "stress tests" of the banks' financial health, which it said that all the 18 biggest US lenders had passed except for Ally, the government-controlled rescued former finance arm of carmaker General Motors.
"Now in its third year, the Federal Reserve's review of capital plans provides a regular, structured, and comparative way to promote and assess the capacity of large bank holding companies to understand and manage their capital positions, with particular emphasis on risk-measurement practices," Federal Reserve governor Daniel Tarullo said.
"The Federal Reserve did not object to the capital plans for Goldman Sachs Group and JP Morgan Chase, but required the two institutions to submit new capital plans by the end of the third quarter to address weaknesses in their capital planning processes."
Ally and BB&T though will have to obtain prior written approval from the Fed to make any payouts to shareholders.
The Fed said that JP Morgan and Goldman had been given permission to start raising dividends or share buybacks - but that this would be withdrawn if they didn't submit new capital plans that satisfied the Fed.
Citigroup plans to buy back $1.2bn in stock, while JP Morgan plans $6bn, and Bank of America is to buy back $5bn.
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Thursday, 28 February 2013
Facebook buys advertising firm from Microsoft
Facebook agreed Thursday to buy Atlas Advertiser Suite
from Microsoft as part of an effort to boost ad revenues at the massive
social network.
Terms of the deal were not disclosed."Atlas is a leader in campaign management and measurement for marketers and agencies. We believe this acquisition will benefit both marketers and users," Facebook's Brian Boland said in a blog post.
Atlas was part of the aQuantive group acquired by Microsoft, which ended up in a writedown and loss for Microsoft last year.
Microsoft's Dave O'Hara said the deal "will strengthen our existing partnership" with Facebook "for the benefit of both companies and their respective long-term visions."
Facebook has become the world's biggest social network with more than one billion users, but its stock has been hit by concerns about its ability to boost revenues and profitability.
The California group has been working on a number of advertising initiatives for both desktop and mobile Facebook applications.
Facebook shares rose 1.4 percent to end Thursday at $27.25.
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Wednesday, 27 February 2013
Italy's election leaves country -- and eurozone -- on financial high-wire
Editor's note: Louise
Cooper is a financial blogger and commentator who regularly appears on
television, radio and in print. She started her career at Goldman Sachs
as a European equity institutional sales person and then become a
financial and business journalist. She now writes CooperCity.
London (CNN) -- Brilliant minds across the financial world are still trying to work out the implications of the Italian election result.
For the time being, the
best answer is that it is probably too soon to tell. After Tuesday's
falls, a little stability has returned to markets, possibly because
everyone is still trying to work out what to think.
Credit ratings agency
Moody's has warned the election result is negative for Italy -- and also
negative for other indebted eurozone states. It fears political
uncertainty will continue and warns of a "deterioration in the
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Samsung Armors Android to Take On BlackBerry
BARCELONA, Spain — Samsung Electronics, which continues to vex Apple, now has another target: the BlackBerry.
Samsung’s Knox software is a version of Google’s Android with added security features.
Samsung’s smartphones have been best sellers all over the world, but the
company has been, until recently, marketing them to consumers, not
businesses.
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Friday, 22 February 2013
Eurozone downturn and deficits to persist, Commission says
The scale of Spain's spending cuts has been unpopular, but it will have to go further if it is to meet EU targets
The eurozone recession will persist into 2013, the European Commission has conceded in its latest forecast.
Governments face an uphill battle to rein in their
overspending, with Spain, France and Portugal all failing to cut their
deficits to agreed targets.Spain's deficit, at 10.2% of GDP in 2012, was well above its 6.3% target, and would stay above target into 2014.
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Pentagon Orders F-35 Jets Grounded
Michael Spooneybarger/Reuters
An inspection found a crack in a turbine blade in the engine of one of the planes.
By CHRISTOPHER DREW
Published: February 22, 2013
The Pentagon said on Friday that it had grounded all of its stealthy new F-35 fighter jets after an inspection found a crack in a turbine blade in the engine of one of the planes.
The suspension of flights comes at an awkward time for the military,
which is facing automatic budget cuts that could slow its purchases of
the planes. The Pentagon grounded all three versions of the jets — for
the Air Force, the Navy and the Marines — on Thursday while it
investigated the problem.
Lockheed Martin, which makes the high-tech plane, said 64 of the jets
would be affected. The Pentagon estimates that it could spend as much as
$396 billion to buy 2,456 of the jets by the late 2030s. But the
program, the most expensive in military history, has been plagued by
cost overruns and delays, and it could easily become a target for budget
cutters.
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HTC Settles Privacy Case Over Flaws in Phones
WASHINGTON — More than 18 million smartphones and other mobile devices
made by HTC, a Taiwanese company that is one of the largest sellers of
smartphones in the United States, had security flaws that could allow
location tracking of users against their will and the theft of personal
information stored on their phones, federal officials said Friday.
The flaws affected HTC’s Windows-based phones.
The Federal Trade Commission charged HTC
with customizing the software on its Android- and Windows-based phones
in ways that let third-party applications install software that could
steal personal information, surreptitiously send text messages or enable
the device’s microphone to record the user’s phone calls.
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Sunday, 10 February 2013
(Financial Times) -- EU leaders agreed a seven-year budget after a bargaining session in Brussels lasting more than 24 hours.
Herman Van Rompuy,
European Council president and chair of the negotiations, tweeted: "Deal
done! #euco has agreed on #MFF for the rest of the decade".
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Japan's Nikkei sprints ahead on Abe fever
Stocks shot up as the yen slid, but the rally may be losing steam
HONG KONG (CNNMoney)
Has Japanese Prime Minister Shinzo Abe hit upon a magic formula?
Japan's stock market has been on a tear, adding more than 7% over the past month as investors cheer looser monetary policy and the buckets of fiscal stimulus being pumped into the country's economy, which together have depressed the yen.Read more!
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Friday, 18 January 2013
How Boeing can bounce back from Dreamliner problems
Dreamliner, A380: Headaches
(CNN) -- Could it get any worse for Boeing? Its entire fleet of 787 Dreamliners - the most technologically advanced airliner in the world - has been grounded over the risk of a battery catching fire in flight. That followed a series of incidents in the last few weeks affecting high-profile early customers of its ground-breaking widebody - Japanese airlines ANA and JAL, United Airlines and Qatar Airways.
After just over a year in
service, and with a backlog of around 800 orders, the Dreamliner
programme -- already delayed almost three years before it began flying
passengers in late 2011 -- is again in stasis. Carriers forced to
withdraw their Dreamliners from service will demand recompense, while
others due to take delivery in the next few months will be frantically
making alternative plans.
Q&A: Dreamliner woes explained
With Boeing vowing to
throw all its engineering resources at solving the problem over the next
few weeks, it will mean other important projects being sidelined. And
while a production line geared to turning out dozens of airliners a year
cannot be simply be switched off, executives will be wondering whether
it makes sense to continue producing aircraft that are currently
grounded around the world.
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Sunday, 6 January 2013
Why Depardieu's 'pathetic' desertion has caused French storm
Putin gives Depardieu citizenship
STORY HIGHLIGHTS
- Russian President Vladimir Putin has bestowed Russian citizenship on actor Gérard Depardieu
- For Depardieu, a public war of words erupted, with many in France disgusted by his move
- Depardieu more than anyone, represents the Gallic spirit, says Agnes Poirier
- Majority of French people disapprove of his action but can't help loving him, she adds
Agnes Poirier is a French journalist and
political analyst who contributes regularly to newspapers, magazines
and TV in the UK, U.S., France, Italy. Follow her on Twitter.
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Thursday, 3 January 2013
The future according to Google's Larry Page
Google CEO Larry Page envisions a future in which computers plan your vacations, drive your cars, and anticipate your whims. Audacious? Maybe. But Page's dreams have a way of coming true.
Note: On Jan 3, as Fortune published this article, the Federal Trade Commission ended its investigation of Google's search practices saying it found no evidence that the company manipulated search results in violation of antitrust laws. The European Commission and other regulators continue to investigate the issue.
FORTUNE -- When Sir Martin Sorrell, CEO of WPP Group, the giant advertising agency, visited Google this past fall, CEO Larry Page sent a car to pick him up at the Rosewood Hotel about 20 miles away. Only this was no ordinary car. The Lexus SUV drove itself thanks to a slew of high-tech tools, including radars,
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Microsoft to Google: Play fair with YouTube
Microsoft is complaining that Google won't allow it to develop a full-functioned YouTube app for Windows Phone.
NEW YORK (CNNMoney)
As Google came away relatively unscathed from a two-year federal antitrust probe, Microsoft is once again complaining that Google doesn't play fair with its rivals.
In a blog post on Wednesday, Microsoft claimed Google (GOOG, Fortune 500) is unequally distributing YouTube data to its mobile competitors. Microsoft says that Google is refusing to give up YouTube's "metadata," which includes video categories, favorites and ratings, for Microsoft's Windows Phone operating system.Read more!
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Wednesday, 26 December 2012
Amazon and Google, the tarnished brands: Their popularity plummets after row over tax payments
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Sunday, 23 December 2012
Food waste a new opportunity for entrepreneurs
Grounds for improvement: used coffee becomes the basis for mushroom-growing kits from Back to the Roots
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Monday, 17 December 2012
Snow brings a cool reception for the iPhone 5
No repeat of January's chaotic scenes in Beijing
Apple Inc's iPhone 5 made a low-key debut on the Chinese mainland on
Friday, with overnight snow in Beijing preventing a repeat of the
chaotic scenes that greeted its predecessor.
Few people lined up outside the company's stores in the capital to buy the new smartphone, in contrast to January when the arrival of the iPhone 4S sparked pandemonium.
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Staff
members outnumber customers at an Apple Inc store in Beijing's
Wangfujing shopping district on Friday as the company's iPhone 5
smartphone debuts. [Wang Jing / China Daily]
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Few people lined up outside the company's stores in the capital to buy the new smartphone, in contrast to January when the arrival of the iPhone 4S sparked pandemonium.
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The spending of China's rich
Most money goes on leather goods and automobiles, says new report
Many people assume the Chinese rich own gigantic villas, keep a horse or two and collect luxury watches or art but a new survey shows their favorite purchase trends to be leather goods and automobiles.
According to the latest report by Robb and Ipsos, a Paris-based research company, the top two products accounted for about 20 percent of Chinese millionaires' total consumption over the past year.
People surveyed in the report spent an average of 1.55 million yuan ($250,000) on high-end and fine-living items in the last 12 months, of which leather goods cost the most, making up to 30 percent of their total
Many people assume the Chinese rich own gigantic villas, keep a horse or two and collect luxury watches or art but a new survey shows their favorite purchase trends to be leather goods and automobiles.
According to the latest report by Robb and Ipsos, a Paris-based research company, the top two products accounted for about 20 percent of Chinese millionaires' total consumption over the past year.
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A newly married couple in a luxury car. The most favorite purchases of rich Chinese tend to be leather goods and automobiles, according to the latest report by Robb and Ipsos, which said the top two products accounted for about 20 percent of Chinese millionaires' total consumption over the past year. [Wang Zhicheng / For China Daily]
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