BUSINESS

Lloyds Investors Cheer the Collapse of Co-op Bank Deal

The Co-operative Bank, which currently owns one bank branch and three outlets in Scotland, came forward in December 2011 to bid £ 750 million for part of a business owned by Lloyds Banking Group. It entered into a Memorandum of Understanding with "Lloyds Banking Group" to complete the purchase by November 2013.

South Korea Economic Growth Shines as it Beats Estimates

South Korea has reasons to boast as it saw its Q1 GDP climb at the fastest rate in two years. The expansion was above analysts' expectations as growth was driven by an improvement in construction and investment, not to mention strong exports. In spite of optimistic data , it seems that the country will struggle as consumers and exporters are less confident.

MorePhone Bends and Twists When It Receives Text, Call

All eyes are on South Korean tech giants Samsung and LG which one will win the race to produce a smartphone with flexible screens. However, a Canadian laboratory has actually made a prototype that bends and twists when it received a call or short messaging. The model is called MorePhone, made by researchers at the Human Media Lab of Queen's University.
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Your Editor On Twitter

By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.

Like YouTube April Fools’ Day Hoax, Facebook Hit by Fake Closure News

The month is almost over, but some people are still going back to the first day of April by creating April Fools' Day pranks. A recent joke, similar to YouTube's announcement on March 31 that it will close the popular video sharing site, is a post in Facebook that founder Mark Zuckerberg decided to shutter the most popular social networking site with 1 billion members.

Woodside Now A Yield Play; BHP And Rio Next?

- Woodside hands out dividend presents- Brokers question implications for growth- Woodside will now out-yield the banks- Fresh pressure on BHP and Rio?By Greg PeelThere are two things we can claim to be certainties in the stock market of 2013.

Digital Underwear for Long Distance Lovers [Video Demo]

Touch your lover over a distance with new innovation over electronic lingerie and underpants called Fundawear. Using tiny vibrating devices similar to smartphones, let it make you feel your partner anywhere in the planet.

Why We’re Delighted to See Gold Smacked Down

If you're in a card game and you look around the table... if you can't figure out who the fool is, he might be you. Then, you get nervous. You start rubbing your hands or scratching your forehead. The other players will see that you've lost your nerve.

Woodside and the Willy Wonka Market

While the Australian market ignored the slow implosion of its big neighbour to the north yesterday, it held a party for Woodside, who boosted its dividend payout ratio from 55% of earnings to 80%, and promised to hold it there for the next few years. The stock price jumped nearly 10%.

China’s Manufacturing PMI Embitters

China's manufacturing activity for April certainly embittered analysts and markets as the preliminary reading showed that the factory activity expanded at a slower pace than initially expected, adding to signs that the world's second economy was slowing down. There are still many various obstacles ahead of China which is trying to get back on the growth track.

Little Smugness as Credit Suisse Q1 Profit Climbs

That little smugness must have appeared as Credit Suisse Group AG, which happens to be the Switzerland's second biggest bank, informed that its quarterly earnings topped analysts' projections. The bank is slowly levering itself on feet after facing many challenges, including restructuring, debt, etc.

EU Commissioner Says it’s Time to Curb Fiscal Austerity

While speaking on fiscal policies in Brussels, the European Commission President, Jose Manuel Barroso, admitted that the 'fiscal austerity' policy practiced in EU in the past 3 years outlived its cause and no longer enjoyed the backing of the people.

Australian Stock Market Report – Afternoon 4-24-13

The Australian share market has closed 1.6 per cent higher as a lower than expected inflation report excited investor expectations of an interest rate cut in the near term. A majority of sectors registered strong gains. The Financial, Industrial, Health and Utilities sub-indices all gained more than 2%.

7 Questions to Ask Before Buying a Tablet; Where to Buy iPads at 30% Discount

Because of their portability and lower prices compared to laptops, the tablet market bloomed in the past two years, causing sales of PCs and laptops to decline further. With so many tablet computers available on the market as tech companies cash in on the tablet trend, experts recommend that potential buyers of the device answer first the following seven questions before making a decision what unit to purchase.

Australian Stock Market Report – Midday 4-24-13

Australian shares are 1.2 per cent higher at midday following a strong end to trade overnight and a weaker than forecast inflation reading. The All Ordinaries Index (XAO) is currently higher for the fourth straight day, making it the second longest winning streak of the year. The index is also above 5000.0 points.

Should Tim Cook Rant or Gloat at Steve Jobs’s Grave Given Apple’s Q2 Results?

Last week, an apparently Photoshopped image of Apple CEO Tim Cook ranting at the tombstone of Apple co-founder Steve Jobs did the rounds of social media sites. Was the image prophetic of what Mr Cook will do these coming days given the second quarter results of the iPhone and iPad maker? Or would he instead gloat because while the numbers spell slower growth, earnings and number of devices shipped beat analysts' expectations?

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