Apple wins billion dollar competition trial over rival music on iTunes December 16, 2014 Apple has won a billion pound court lawsuit after a US jury found updates to its iTunes service in 2006 weren't intended to kill rivals' music. Eight Jurors took just hours to find that Apple's iTunes 7.0, which had been released in late 2006, was a genuine product improvement meaning it could not be in [...]
Quindell eyed for group legal action by rival law firm Your Legal Friend December 16, 2014 Embattled insurance outsourcer Quindell is being eyed for potential group legal action by a rival law firm Your Legal Friend. Liverpool-based Your Legal Friend, which was formerly known as Camps Solicitors, is appealing for investors burnt by their investment in Quindell to get in touch. The company's share price has lost around 75 per cent in [...]
Russia: Rouble descends into freefall despite central bank’s rate hike to 17 per cent December 16, 2014 The rouble descended into freefall during trading today despite the Russian central bank's drastic action which hiked interest rates from 10.5 per cent to 17 per cent late last night. After starting the day with a brief rally, the Russian currency dropped again and was down 12.2 per cent to 73 roubles per dollar at pixel [...]
Russia hikes interest rates to 17 per cent after rouble goes into freefall December 15, 2014 The Central Bank of Russia has hiked its key interest rate to 17 per cent from 10.5 per cent effective Tuesday, after the rouble's worst one-day drop in 16 years. The rouble tumbled 10 per cent today amid concerns over the impact of falling oil prices on Russia's heavily oil-dependent economy. The central bank said [...]
The FTSE 100 slumps to a new yearly low amid crumbling oil prices December 15, 2014 Britain's FTSE 100 closed down again today taking the index to its lowest level this year, as crumbling oil prices and fresh concerns about Russia's economy scared investors. The FTSE 100 shed another 1.9 per cent to close down 117.9 points at 6,182.7 which was its lowest closing level since mid-2013. It fell 6.6 per [...]
Google threatened with a €15m fine from Dutch regulators over its privacy policy December 15, 2014 Dutch regulators have threatened to whack Google with a €15m fine, after it failed to overhaul the company's privacy policy despite a Dutch regulator finding to to be illegal last year. Google's use of people's personal data such as browsing history or targeted ads is in breach of the Netherlands' privacy laws according to the Dutch [...]
BT opts for EE over O2 as it enters exclusive talks over takeover worth £12.5bn December 15, 2014 BT has confirmed that it has entered into exclusive talks with mobile operator EE, which has seemingly beaten its rival O2 to the £12.5bn takeover deal. The telecoms giant said that the period of exclusivity "will last several weeks" to allow the necessary negotiations to be completed. The deal would be paid through a combination [...]
Carpetright shares soar 12 per cent as sales rise December 15, 2014 Improving economic sentiment lifted sales at Carpet right and its shares have soared by more than 12 per cent today. The figures Carpetright — the retailer which kits out homes with carpets, rugs and flooring — said group revenues rose 2.6 per cent to £227.9m for the six months to the end of October, up [...]
Uber protests in Paris: UberPop banned in France as taxi drivers stage mass demonstration December 15, 2014 France has said it will ban one of the services offered by controversial taxi app Uber from early next year, the same day as Paris' cabbies have staged a mass protest against the ride-sharing service. The French interior ministry announced that UberPop, a low-cost service which lets private drivers make money picking up passengers like [...]
Amazon glitch sparks sales bonanza for 1p items December 14, 2014 Customers cheered after a software glitch meant thousands of items from online retailer Amazon's website were on offer for as little as 1p. The glitch, which happened between 7pm and 8pm on Friday, led to hundreds of toys, clothes and home furnishings being sold off at bargain prices. But small businesses have scolded the glitch which [...]
