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Business

World Business

US

Bank of America sends credit card offer to 'Lisa Is A Slut McIntire'

bank of america

11:42am There's junk mail, and then there's nasty mail.

Social

Twitter takes $US10b hit as shares drop nearly 25%

Twitter logo.

10:28am Twitter lost $10 billion in market value overnight after the company reported a sharp slowdown in user growth.

Girls in pink dresses ‘holding back economy', says British minister

MERCURY, ADVERTISER, SHMEIZ, Pic 2 of 2, Wide Editorial Pictures, Taken the 29th of September 2005, By Sonia Byrnes, SBZ. SPECIALX 00052554

Christopher Hope Parents who dress their daughters in pink and force them to play with dolls are holding back the economy, a British government minister has said.

Comments

Technology

Twitter shares plunge on soft user growth

Twitter

Twitter posted better-than-expected quarterly revenue in its first results as a public company, but investors focused on the anemic user growth.

Tech

Google's Eric Schmidt scores $US100m payday

Eric Schmidt

Former Google CEO Eric Schmidt is getting paid a lot more than he did when he was running the internet company.

Eurozone readies up to €20b for third Greek bailout package

European Central Bank.

Bruno Waterfield The eurozone has begun preparing a third bailout package for Greece of up to €20 billion.

Fed

Ben Bernanke moves on as Janet Yellen takes charge

Federal Reserve Vice Chairman Janet Yellen is sworn in as Federal Reserve Chairman by Federal Reserve Board Governor Daniel Tarullo.

Binyamin Appelbaum For the past eight years, Ben Bernanke was driven to work as chairman of the US Federal Reserve.

Markets

Copper extends longest slump in 18 years

COPPER MINING.PARKES.AFR.980209.PIC BY BELINDA PRATTEN.
 GENERIC PIPES...FIRST USE *AFR ONLY*....

Copper prices are poised for a 10th session of losses, on signs of weakening demand after manufacturing slowed in China and the US.

Markets

Big gains brewing for coffee, despite lingering drought

17.05.13 Coffee beans at Grind.picture Jane Dyson

Arabica coffee has posted the biggest gain in more than nine years, as drought drains dams to a record low in Brazil, the world's biggest grower and exporter.

Beverages

'We're not a settlement, we're a factory': SodaStream chief executive officer defends West Bank factory

This undated frame grab provided by SodaStream, shows the company's 2014 Super Bowl commercial. SodaStreams ad features Her actress Scarlett Johansson promoting its at-home soda maker and will run in the fourth quarter. The ad, which promotes the product as a healthier and less wasteful way to make soda, made waves ahead of the game when the company said it would delete its last line, Sorry, Coke and Pepsi,? at a request by Fox. (AP Photo/SodaStream)

SodaStream's West Bank factory has already caused controversy for actress Scarlett Johansson. Now the company's stocks have tumbled.

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World

Janet Yellen sworn in as Federal Reserve chair

Janet Yellen reacts to applause by staff members after she was sworn in as Federal Reserve Board chair, Monday, Feb. 3, 2014, at the Federal Reserve in Washington, Yellen is the first woman to lead the Federal Reserve. (AP Photo/Charles Dharapak)

Janet Yellen has inherited the mantle of the world's most powerful central banker from Ben Bernanke.

Trade

Japan's imports overshadow exports for third consecutive year

Japan flag.

Floyd Norris Japan posts a third-consecutive trade deficit, providing evidence it's export machine has faded.

Retail

Amazon's sales growth slows

Adam Satariano Amazon's expenses have been climbing as chief executive officer Jeff Bezos pumps money into new initiatives

Super Bowl

How Wall Street bought the Super Bowl for New York

Super Bowl XLVIII.

Aaron Kuriloff The most expensive stadium in the US drew the Super Bowl to the New York area for the first time. Wall Street is making it happen.

Tech

Can Satya Nadella fix Microsoft?

Satya Nadella, senior vice president of research and development for the online services division for Microsoft.

Tipped as its next CEO, Satya Nadella is enthusiastic about Microsoft products. Can he convince customers?

GDP

US economy hits its stride as consumer spending returns

Generic shopping.

The US economy grew at 3.2 per cent in the fourth quarter, powered by a strong gain in consumer spending.

Social

Mobile lifts Facebook as users hit 1.2b

The Facebook Inc. application is displayed a Samsung Electronics Co. Galaxy S III smartphone in this arranged photograph in Washington, D.C., U.S., on Monday, Jan. 27, 2014. Photographer: Andrew Harrer/Bloomberg

Facebook closed out 2013 on a solid note with a surge in profit and revenue, helped by gains in mobile advertising.

Tech

Lenovo seals China’s largest tech deal as Google dumps Motorola

Motorola Atrix.

Lenovo has agreed to buy Google's Motorola handset division for $US2.91 billion.

Nintendo in $US1.2bn share buyback

A flop ... Nintendo's Wii U console.

Mariko Yasu and Takashi Amano Nintendo will spend as much as $US1.2 billion buying back shares after Christmas shoppers shunned its Wii U console and games featuring Mario and Zelda.

NZ

Reserve Bank of New Zealand keeps rate on hold, for now

New Zealand

The Reserve Bank of New Zealand has kept its official cash rate on hold but again signalled that a rise is not far off.

Markets

Fed sticks to the script with $US10b stimulus reduction as Bernanke prepares to depart

Ben Bernanke.

Binyamin Applebaum No surprise at US Fed's announcement that it will continue to taper its stimulus spending by $US10 billion a month.

Tech

Apple takes $US40b hit as shares tumble

Apple.

Apple's stock has tumbled in early trading, hurt by a lacklustre first-quarter performance.

Mobiles

Apple loses market share as smartphone shipments top 1 billion in 2013

Global smartphone shipments topped 1 billion units for first time in 2013.

Tech

Apple stock tumbles as iPhone sales fall well short

iPhone

Apple reported iPhone sales that fell well short of analyst estimates.

US Economy

America’s deep freeze cools new home sales

Snow.

Sales of new US single-family homes fell more than expected in December.

Digital currency

Bitcoin dealers charged in US

A pile of Bitcoin

US authorities have filed criminal charges against two operators of a Bitcoin exchange.

Car industry

Thai police investigate death of Karl Slym, of Tata

Karl Slym

Siddharth Philip and Suttinee Yuvejwattana Head of Tata's Indian operations fell to his death from the Shangri-La hotel, in Bangkok.

Tech

Best ever may not be good enough for Apple

iPhone 5C

Apple, which once routinely blew away Wall Street’s most bullish expectations, needs a superb quarter to galvanize its stock.

Tech

Google, Samsung announce global patent agreement

Samsung Galaxy S 4

Google and Samsung announced that they have reached a global patent cross-licensing agreement.

Beards

Beards are hurting razor sales, says Proctor & Gamble

100401.SMH News by Steven Siewert.
Dean Podmore who is pictured in King Street Newtown and does not see himself as a hipster and wears and look as he likes the style rather than following it. SPECIAL SS100401

Procter & Gamble says a growing preference for shaggy styles is trimming razor sales.

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