From ZDNet: “While for the same third-quarter in 2010 when the iPhone’s share of the market was just over 31 percent, the BlackBerry in this past quarter dropped to just 32 percent. The iPhone excelled this past quarter by significantly increasing its enterprise user share to 45 percent. Android nearly doubled its share from last year, […]
Read MoreThough only accounting for 5% of the $559 billion Turkish banking system, Islamic banking has been gaining ground of late in mostly secular Turkey because of the rapid growth of Anatolia province and the presence there of entrenched Islamic tradition. According to the tenets of Islam, interests rates cannot be charged on money deposited or […]
Read MoreBankrupt finance firm MF Global’s CEO, former U.S. Senator and New Jersey Governor Jon Corzine, has tendered his resignation. This follows the firm’s announcement of insolvency, and subsequent revelations of large sums missing of account holders’ money. Corzine hoped to transform MF Global from a small but ancient trading firm into a major powerhouse like […]
Read MoreFormer CEO Leo Apotheker’s plan to spin-off the personal computer unit of computing giant Hewlett Packard may be abandoned due to its projected costs outweighing any potential benefits to be derived from the sale. HP is reportedly under pressure from its friends in manufacturing to keep the personal computing division within the company which is […]
Read MoreThe recent “Occupy Wall Street” protest movements have once again drawn attention to banking and the pitfalls of deregulation that accompanied the repeal of much of the Glass-Steagall Act of 1933 with the passage of the Gramm-Leach-Bliley Act of 1999. There has indeed been much ado about the Glass-Steagall Act, also known as the Banking […]
Read MoreThe recent “Occupy Wall Street” protest movements have once again drawn attention to banking and the pitfalls of deregulation that accompanied the repeal of much of the Glass-Steagall Act of 1933 with the passage of the Gramm-Leach-Bliley Act of 1999. There has indeed been much ado about the Glass-Steagall Act, also known as the Banking […]
Read MoreIn an interview with Der Spiegel, Siemens CEO Peter Loescher said that Siemens would follow along with the general national mood and forego further development of nuclear energy. This all comes in the wake of the Fukushima disaster in Japan and public support for nuclear power in Germany is at an all time low. Siemens […]
Read MoreGot an interesting email in my inbox this morning from Netflix explaining their decision to split the company’s services into two, namely Qwikster for DVDs-by-mail and Netflix for streaming. Do what? That’s right. The solution to the problem of a 60% price increase is to split the company into two distinct brands: one with movies […]
Read MoreSwiss bank UBS lost around $2 billion dollars due to the fraud of a rogue trader Kweku Adoboli. UBS is the largest bank in Switzerland and this scandal does nothing to assure investors and depositors of its oversight procedures. This latest rogue trader scandal comes a few years after Societe Generale’s Jerome Kerviel perpetrated the […]
Read MoreRepublicans in the House of Representatives accuse the White House of pushing through a loan to now bankrupt solar panel maker Solyndra for political reasons. Republicans revealed emails from the White House to the now bankrupt manufacturer that details the White House’s attempts to rush through the loan guarantee ahead of a visit to a […]
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