Word: londonized
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...some observers see as a potential challenger to Apple's own iTunes music player, which iPhone owners use to listen to their downloaded tunes. "Apple has made it clear in the past that iPhone apps should enhance the experience, not compete with its core functionality," says Mark Mulligan, a London-based analyst with Forrester Research...
With its colleges, museums and river-borne punts, Oxford offers plenty to see for the visitor - far more than can be crammed into a day trip from London. Those who want to maximize the experience can now do so in a wallet-friendly way, by booking a college room for the night. Lord Sebastian Flyte might well have sniffed at the thought of tourists tramping across quadrangles and up worn oak staircases - and his creator Evelyn Waugh undoubtedly so - but with accommodation from just $58 a night, it's an attractive prospect for travelers looking for their own little slice...
...Rock, nationalized early last year after a run on its deposits in 2007, slumped to a pretax loss of $1.2 billion in the first half, far worse than the $984 million shortfall recorded in the same period of 2008. A stellar six months at the investment-banking unit of London-based HSBC, meanwhile, helped prop up its falling profits. Income across Europe's largest bank fell to $5 billion, half the level hit a year earlier. At Barclays, the U.K.'s second-biggest lender, profits rose 8%, to $5 billion. (See pictures of London's financial crisis...
...While Barclays and HSBC have both benefited from taxpayer loans or guarantees - part of a $2 trillion package of state and central-bank aid doled out to Britain's lenders - both "have worked hard on their balance sheets," says Simon Maughan, a banking analyst at MF Global brokerage in London. Having tapped Middle East investors last year in an effort to bolster its capital base, Barclays agreed in June to sell the investment unit BGI to U.S. fund manager BlackRock for $13 billion. HSBC, for its part, pulled in close to $18 billion in a bumper-rights issue in April...
...secret list of users is sure to grow: the massive new U.S. data center, created because "co-location space has gotten pretty scarce," White says, is set to open next year in Mahwah, N.J. Another is planned to open next year in the U.K. just outside London. (Though the new facilities will be far from the NYSE headquarters on Wall Street, it's proximity to the exchange servers that matters to traders, and those servers will surely be at the new sites...