Tags: Apple
Poor performance catching up with active stock fund managers
Stock-picking fund managers are testing their investors’ patience with some of the worst investment returns in decades. With bad bets on financial shares, missed opportunities in technology stocks and too much cash on the sidelines, roughly 85 percent of active large-cap stock funds have lagged their benchmark indexes through Nov. 25 this year, according to an analysis by Lipper, a Thomson Reuters research unit. It is likely their worst comparative showing in 30 years, Lipper said.
At China online coming-out party, Beijing spells out Internet control ambition
China showed governments and the planet's biggest tech firms last week its vision for global Internet governance - clean, controlled and choreographed.
Sony to cut TV, smartphone lineup; sees growth in PlayStation, image sensors
Japan's loss-making Sony Corp plans to slash its TV and mobile phone product line-ups to cut costs, counting on multi-billion dollar revenue surges for its buoyant PlayStation 4 and image sensor businesses over the next three years.
Infosys unit's overbilling Apple led to exit of top executives: sources
Indian outsourcing major Infosys Ltd's back-office services unit was overcharging Apple Inc, leading to the exit of top executives, two senior Infosys people said on Thursday.