The Artesian Blog takes a look at the business headlines:
Voice-to-text service scrutinised - A UK firm that turns mobile messages into text faces questions over its privacy standards, technology and finances following a BBC investigation.
Spinvox's service aims to convert voice messages into text messages using advanced speech recognition software. (full story)
Electric trains to cut UK travel times
- Millions of passengers on some of Britain’s busiest rail routes will on Thursday be offered the prospect of faster, more reliable and cleaner journeys when the government unveils plans for major electrification for the first time since rail privatisation.
Routes between London and Swansea will be the first to be electrified since 1991. The main Liverpool to Manchester route, the world’s first inter-city railway, will also be converted. (full story)
Recession continues to hit eBay growth - EBay’s second-quarter profits fell 29 per cent as a drop in sales in the main online marketplace overshadowed growth in its PayPal payments and Skype communications units.
San Jose-based eBay said that it earned $327.3 million, or 25 cents per share, in the April-June period. This compares with earnings of $460 million, or 35 cents per share, in the year-ago quarter. (full story)
Fall in UK manufacturing orders hits recovery hopes - Orders at Britain's factories fell to the lowest level in more than 17 years in July according to the CBI, dampening hopes of an imminent recovery in the country's beleaguered manufacturing sector.
A balance of -59pc of respondents to the business group's quarterly industrial trends survey said that orders were below normal. That was worse than the -57pc balance in April, and the lowest level since January 1992. Economists had expected a rise to -45pc. (full story)
Tesco denies dairy price fixing charge - The country's consumer watchdog on Thursday said it had sent more evidence to some of the biggest supermarkets and dairy companies in an investigation into price-fixing of certain dairy products seven years ago.
The Office of Fair Trading said only supermarkets Tesco (TSCO.L) and Wm Morrison (MRW.L) were continuing to contest the provisional findings, originally issued in September 2007. (full story)
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