Who would have thought that Fannie Mae (FNMA) , once the recipient of $116 billion in government bailout funds, would one day be the reason the government could delay its debt ceiling deadline by almost four months? U.S. Treasury Secretary Jack Lew told CNBC Friday that a one-time payment of $59.4 billion from Fannie Mae pushes back the debt ceiling deadline effectively from May 19 “until at least Labor Day,” which falls on September 2
Over the past six months, Wall Street has gone from thinking that Apple can do no wrong to thinking that there's no way Apple will ever again do anything right. And, that said, Tim Cook's role as CEO has been brought into question. As a result, the stock has collapsed from a high of $702 to a recent low of $390 last week
Apple’s ( AAPL ) stock has been in free-fall over the last few months, shedding 42% of its value after reaching an all-time high of $705.07 last September. Shares were falling hard again Thursday and could end the trading day below $400 a share the first time since December 2011.
Facebook (FB) has finally cracked the mobile phone market by introducing a package of software that makes Facebook the homepage on Android phones. The software, called Home, allows users to stay in constant touch with their Facebook friends, even while working on other applications
Not so long ago Microsoft (MSFT) was the undisputed king of technology, controlling about 90% of the market for operating systems. But as demand moved from desktops to laptops and then to tablets and smartphones, Microsoft lost its market reign to Google (GOOG) and Apple (AAPL) . A report released today by Gartner, the technology research and advisory firm, forecasts that by 2017 shipments of devices using Google’s Android operating system will dwarf shipments of Windows PCs and phones
Apple's iOS and Google's Android are by far the two biggest smartphone operating systems but the race is on for third place.
Paul Taylor, Technology and Telecoms editor, tests out the new BlackBerry Z10 and looks at how it stacks up against Apple and Samsung's star smartphone devices.
Europe faces looming recession, high unemployment and social unrest, yet as the threat of eurozone break-up recedes, markets are more optimistic. Who to believe?
Is it too soon to breathe a sigh of relief over the world economy? should we be less optimisitic about the US and China?
Government and business in India's capital are struggling to cope with the environmental consequences of the city's economic growth. The FT's Victor Mallet examines the cost to human health. For more video content from the Financial Times, visit http://www.FT.com/video