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Amazon in talks with Simon & Schuster Inc over digital book pricing SAN FRANCISCO: Inc is in talks with Simon & Schuster Inc, the chief executive of the book publisher’s parent company said on Tuesday, representing a second front in Amazon’s feud with the publishing industry over digital book pricing. The talks come as the largest online book retailer remains locked in a months-long impasse with Hachette, owned by France’s Lagardere, over the price of e-books sold on Amazon’s digital shelves. Industry experts had expected other publishers eventually to be drawn into negotiations as well, as the Internet retailer tries to set new benchmarks for the e-book market. “We are negotiating with Amazon as we speak so I don’t want to get into too much detail about it,” Les Moonves, president and chief executive officer of CBS Corp, which owns Simon and Schuster, said.Amazon Chief Executive Officer Jeff Bezos and Moonves met in Sun Valley last week to discuss ...

Yahoo says quarterly profit dips to $270mn SAN FRANCISCO: Yahoo said Tuesday profit in the past quarter fell 19 percent from a year ago to $270 million, in results weaker than expected.Chief executive Marissa Mayer said the results show "that we need to work faster to ameliorate the negative trends," and added that "I remain confident in Yahoo's future."Copyright AFP (Agence France-Presse), 2014 ...
IBM to offer iPads and iPhones for business user WASHINGTON: International Business Machines Corp will partner exclusively with Apple Inc to sell iPhones and iPads loaded with applications geared at enterprise clients this fall, the company announced on Tuesday. The announcement, just two days before IBM releases its second quarter earnings, comes as the company attempts to shift its focus to software and services as its hardware unit continues to slump, and follows a string of mobile software acquisitions. The company hopes software ...
Taiwan's TSMC Q2 profit T$59.7bn, beats expectations TAIPEI: Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chip manufacturer, reported second-quarter net profit of T$59.7 billion ($1.99 billion) on Wednesday, due to increased demand from clients such as Apple Inc. The April-June result beat the T$56.5 billion mean estimate of 21 analysts polled by Reuters. The figure also compared with net profit of NT$51.8 billion in the same three months of 2013 and T$47.9 billion in the first quarter of this ...
Toyota says likely to seek damages from Nippon Steel over soot, tar stains on cars TOKYO: Toyota Motor Corp is likely to seek damages from Nippon Steel & Sumitomo Metal Corp , the automaker said, after smoke released in June from the steelmaker's Nagoya plant left soot and tar stains on Toyota vehicles parked at shipping yards. Japan's biggest automaker said on Wednesday soot and tar stuck to around 23,000 vehicles that were parked at two yards in Aichi prefecture, central Japan, after a power failure at the Nippon Steel ...
Google adds former Ford Motor Company chief to board SAN FRANCISCO: Google on Tuesday announced that former Ford Motor Company chief Alan Mulally has joined it board of directors.The auto and aviation industries veteran joined the Google board as the California technology firm continued to steer a self-driving car toward the market.Mulally was appointed to the California technology titan's board on July 9, according to a blog post."Alan brings a wealth of proven business and technology leadership experience," Google chief Larry Page said in ...
Mayer 'not satisfied' as Yahoo results disappoint SAN FRANCISCO: Yahoo on Tuesday reported quarterly earnings showing a revenue slump and prompting chief executive Marissa Mayer to declare "we are not satisfied."Net profit in the second quarter dropped 19 percent from a year ago to $270 million, in results weaker than expected.Revenue meanwhile fell four percent to $1.08 billion, also below analyst expectations."Our top priority is revenue growth and by that measure we are not satisfied with our Q2 results," Mayer said in ...


Index Closing Chg%
Arrow DJIA 17,113.54 0.36
Arrow Nasdaq 4,456.02 0.71
Arrow S&P 1,983.53 0.50
Arrow FTSE 6,795.34 0.99
Arrow DAX 9,734.33 1.27
Arrow CAC-40 4,369.52 1.50
Arrow Nikkei 15,343.28 0.84
Arrow H.Seng 23,782.11 1.69
Arrow Sensex 26,025.80 1.21

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln