A Ferrari 250 GTO Berlinetta sold for $38.1 million in California, setting a record for a car sold at auction globally. The 1962 red two-seat coupe was estimated to sell for $30 million to $40 million at yesterday’s Bonhams auction in Carmel. Before the sale,Robert Brooks, Bonhams chairman, had expected the price to surpass the record for a car sold at any auction -- $29.7 million for a 1954 Mercedes-Benz W196R Formula 1 racing car sold by Bonhams in 2013.
Updated 6 Years ago

BlackBerry Ltd.’s smartphone shipments grew 15 percent in the second quarter from the prior period, recording their first sequential gain in a year as Chief Executive Officer John Chen’s turnaround plan takes hold. BlackBerry shipped 1.5 million units, research firm IDC said in a statement, compared with 1.3 million in the first quarter. The company’s share of the global smartphone market held steady at 0.5 percent as the overall market grew, IDC said.
Updated 6 Years ago

After a slew of bad data across the globe this week, the market may need to start rejigging its expectations for the end of easy monetary policy, some analysts said. "It's been a building sense in the last couple of months," across regions as diverse as Australia, New Zealand, Korea and even the U.K., said Richard Jerram, chief economist at Bank of Singapore, although he added that the U.S. is a "notable exception."
Updated 6 Years ago

Russia’s food ban against many Western products will help Russia strengthen its domestic food market, President Putin said Thursday. “Most important- we will develop our own production and will restrict low quality Western goods,” Russian President Vladimir Putin said addressing Crimean parliament members in Yalta on Thursday.
Updated 6 Years ago

In a regulatory statement, the firm said Carillion's offer was unchanged from a second bid that it rejected on 11 August. Balfour added Carillion's offer would cut its overall revenues by two-thirds. Its 2013 UK revenues were £2.8bn.
Updated 6 Years ago

In the $2.15bn (£1.3bn) deal, Coca-Cola will transfer its worldwide energy business to Monster. In exchange, Monster will transfer its non-energy business, which includes Peace Tea and Hansen's Natural Sodas, to Coca-Cola.
Updated 6 Years ago

Browsing speeds could slow over the next week as old hardware is upgraded to handle the net's growth, says networking giant Cisco. Some older kit has hit an upper memory limit in the number of routes it can use to despatch data around the world.
Updated 6 Years ago

Three separate investigations of Android's data deleting systems found it was possible to recover information. In some cases, a reset just removed the list of where data was stored and deleted nothing else.
Updated 6 Years ago

This is official. Lagos is not the only state in Nigeria that has been hit by the deadly Ebola Virus Disease; Enugu has become the next in line. Twenty one persons out of the 198 so far quarantined because of the virus are in Enugu, says the Minister of Information, Labaran Maku.
Updated 6 Years ago

Enugu State Deputy Governor, Mr. Sunday Onyebuchi, on Wednesday slumped while testifying before the panel of enquiry that is investigating impeachable allegations levelled against him by the state House of Assembly. The deputy governor had testified for about three hours in his own defence when he suddenly complained of dizziness and collapsed into his seat.
Updated 6 Years ago