Troubled phone maker Nokia is attempting to unload its luxury mobile-phone brand, Vertu, for a reported $265 million (€200 million), the Financial Times is reporting. Nokia is being advised by Goldman Sachs on the deal and is currently in talks to sell the brand to private equity group Permira. For the baller

Can reality trump art? That was the question hovering over the launch on 24 April, at the Museum of Flight in Seattle, of a plan by a firm called Planetary Resources to mine metals from asteroids and bring them back to Earth. It sounds like the plot of a film by James Cameron — and, appropriately, Cameron is indeed one of the company’s backers. The team

There is a certain Darwinian poetry in the fact that Cable & Wireless Worldwide, a remnant of a once mighty telecommunications empire based on telegraph wires and established in the 1850s, looks set to be eaten up by Vodafone, a contemporary telecoms industry giant born only in 1985. Even as late as 1999, C&W (CWW’s predecessor

Apple announced its second quarter earnings Tuesday, turning it US$39,2bn in revenue, beating analyst estimates of $36,8bn. The company raked in $11,6bn in net income. Year over year, Apple’s net profit increased by 94%. Last quarter, Apple announced $13,1bn in net profit, blowing Wall Street estimates out of the water