FURTHER FURTHER READING
- How to value Twitter.
- Alan Greenspan discovers Keynes, sort of.
- Google Glass gets an ear bud.
- The curious case of floating Chinese government officials.
- Spooky charts for Halloween.
FT EVENING ROUND-UP
Fed stays the course on bond buying: "The US Federal Reserve said the world's largest economy is still expanding at a moderate pace in a statement that suggests a slowing of asset purchases in December or January is still under consideration. The rate-setting Federal Open Market Committee made no changes to policy at its October meeting, keeping its asset purchases steady at $85bn a month, but the statement implied it did not see a lot of damage from a three-week government shutdown earlier this month." (Financial Times)
Facebook surge on mobile ads growth: "Shares in Facebook jumped as much as 14 per cent on Wednesday after the social networking site beat expectations in its third quarter with mobile advertising accounting for almost half of the revenue. Earnings per share more than doubled to 25 cents year-on-year, on a diluted basis, higher than the consensus forecast of 19 cents. The company generated $2bn in revenue, beating the average analyst estimate of $1.9bn." (Financial Times)
Adobe says 38m customers hit by cyber security breach: "Adobe said on Wednesday that the extent of a major cyber security breach it suffered this summer was much wider than first reported. The company behind Photoshop and the widely used Acrobat document reader said for the first time that hackers stole the encrypted passwords of about 38m active users. " (Financial Times)
China banks' bad loans point to trouble ahead: "China's state-owned banks reported healthy profit growth in the third quarter, but big increases in loan impairments and decreases in their cushions to absorb losses pointed to accumulating stresses in the country's financial system." (Financial Times)
