Private equity buyouts have enjoyed the strongest start to a year since before the financial crisis as fund managers have come under intense pressure from investors to deploy some of the record amount of capital they hold. The volume of deals involving private equity firms climbed 29 per cent to $143.7bn in the first half […]
Read moreToday marks the tenth anniversary of the day the very first Apple iPhone launched. Over the years, the iPhone has replaced all sorts of gadgets that we once needed to carry separately. Let’s take a look at what the iPhone has, in many ways, completely replaced. The iPhone replaced the iPod. Sure, for a bit […]
Read moreBernstein told its clients the widely-followed portfolio formula used by retirement funds is obsolete, warning that investors will need to be more active to meet their objectives in the future. The so-called 60/40 rule, emerging during the 1950s, aimed to provide solid returns, diversification and the benefits of lower volatility across market cycles. But the […]
Read moreShaken by the outcome of the presidential election, Brian McClendon left his job at Uber and returned to the Midwest after three decades in Silicon Valley. His mission: to bring Silicon Valley-style job creation to Kansas, a state technology investors have long flown over, not into. The 53-year-old mapping executive, who made a big name […]
Read moreWould you like to pay more for cable TV than you’re already paying? Then AMC has an offer for you: The cable programmer is going to start selling an add-on service that lets cable TV subscribers watch most AMC shows, without commercials, for an extra $5 a month. AMC, which is rolling out its new […]
Read moreOne day after the European Union slapped a record fine on Google, Canada’s Supreme Court added to the company’s growing list of legal and regulatory setbacks. In upholding a lower ruling in British Columbia, the court ruled 7-2 that Google must remove certain website listings from its search results — not only in Canada but […]
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SOMETIMES an injustice can unite a divided nation. In America it seems that a United Airlines scandal, in which a paying passenger was dragged from an overbooked flight to make way for airline staff, was such a moment. Congress is on the verge of passing bipartisan legislation in response to the incident. This virtually never […]
Read moreDwindling welfare payments and rising living costs mean that more and more people could find themselves reaching out to food banks in coming years, according to a new report from Oxford University. The research, the largest ever study of food bank use, found that four-fifths (78 percent) of food bank users in the U.K. find […]
Read moreTen years ago, on June 29 2007, Apple launched the original iPhone. At the time, BlackBerry, Palm and Windows Mobile smartphones ruled the market with QWERTY keyboards and styluses. Then Apple began selling the iPhone and the entire smartphone industry flipped on its head. Multitouch screens became the must-have on every smartphone, and consumers finally […]
Read moreApple’s iPhone turns 10 this week, evoking memories of a rocky start for the device that ended up doing most to start the smartphone revolution and stirring interest in where it will go from here. Apple has sold more than 1 billion iPhones since June 29, 2007, but the first iPhone, which launched without an […]
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