Steve Jobs said it, the low sales on the Sony PSP indicate it, and the failure of video 3G on mobile has proved it. Yes, who wants to watch Star Wars on a one and a half inch screen when you can watch it at home on a fifty-inch plasma with seven channel sound...
Read more »

The once mighty Canadian telco company Nortel announced that it would axe a further 1,900 jobs as part of its ongoing and seemingly fruitless effort to turn the company around. Nortel has suffered a massive series of insurmountable setbacks over the last few years since posting an astonishing $19.2 billion write-off six years ago....
Read more »

Hot on the heels of comments from the FSA yesterday about irresponsible lending by investment banks and brokers to risky customers with poor credit records – we now hear from the Financial Times that a number of specialist mortgage lenders are to introduce instant mortgage approvals over the telephone or online without even requiring...
Read more »

Of course we all live or die by our headlines in this business, but surely we should expect the Financial Times of London to have a more consistant view point on the economy and markets, especially within the same day, and especially by the same author. We’ve been known to sway a little ourselves...
Read more »

With allegations of out-sourced workers at Apple’s iPod factories in China working in almost slave-like conditions – the one beneficiary of this has been the unsuspecting consumer. For the first time in the history of Apple, we the consumer, have never had it so cheap. Whilst Apple computers were always ‘cool’, the cost of...
Read more »

Thank you for reading The Business News Source. Please feel free to copy or email or distribute any articles we publish on a daily basis. Our only stipulation is that we reserve copyright on the material and that you should help us by acknowledging the site by quoting or linking directly to the URL....
Read more »