August 15th, 2011
11:12 PM GMT
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London (CNN)–Google's $12.5 billion acquisition of Motorola is a huge bet both financially - this being its biggest ever acquisition - and strategically.

Android, the operating system which Google built and developed to bring its money making services such as Search to the mobile phone, dominates the low-to-mid price smart-phone market.

It does this by offering phone makers such as Samsung and HTC powerful software to run on their hardware. With this set-up the phone makers do what they do well - make the phones - while Google provides the software.

By buying Motorola Mobility, a hardware company, they appear to be shifting away from that strategy.

So why do it?

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August 15th, 2011
05:30 PM GMT
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London (CNN) - "The name’s bond, euro bond."

It may not have the same cache as 007 but the joint eurozone bond is fast emerging as the weapon of choice for tackling a debt crisis that has gripped the eurozone for the past 18 months, and brought some member states to the brink of disaster.

As French President Nicolas Sarkozy and German Chancellor Angela Merkel hold crunch talks in Paris this week, investors are betting the only way of calming the region’s markets now is to pool the bloc’s bonds.

For the lack of fiscal cohesion is the fundamental issue facing the 17 nations that share the euro.

Yes, they may have a monetary union but without the same budgetary rules the markets do not view them as one.

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August 15th, 2011
11:34 AM GMT
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My BlackBerry Bold is back on my hip, vibrating away every time I get an e-mail, and I am relieved.

I have lived with and mostly loved a BlackBerry since the days following the 7/7 attacks on the London transport sector. That's when CNN rolled them out for reporters.

Since then I have used it for reference for live shots, for e-mailing of course, and to take photos – work and personal.
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August 15th, 2011
10:03 AM GMT
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Hong Kong, China (CNN) – Today in Asia-Pacific, markets closed the day higher across the board, adding to moderate gains this past Friday. Better-than-expected GDP data from Japan and four-month high retail numbers from the United States helped boost investor confidence. Markets started in the green and kept climbing through the day. By the close, we saw major markets gain between 1.30% and 3.26%.

The Nikkei ended up 1.37% to close past the psychological 9,000-mark. Japan’s latest GDP number also came out. They showed the country’s economy shrank 1.3% year-on-year. Anemic? Yes. A good number, regardless? Definitely. Forecasts had expected Japan’s GDP contraction to come in at about 2.5%.  The yen, though, is still a chronic concern for exporters. As of 4.30 pm Hong Kongtime, it was trading at 76.82 to the dollar. Automakers veered around the yen’s strength. Toyota rose 2.9%, Nissan rose 3.3% and Honda throttled ahead at 3.4%.
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August 15th, 2011
01:54 AM GMT
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(CNN) – For a month that's normally slow in the markets, August is turning out to be a roller-coaster ride.

First, the United States finally raises its debt ceiling but Wall Street does not react with much relief. Instead, weak spending and manufacturing data cause the markets to slide. FULL POST



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