Banks stop N100 inter-bank ATM charge

Abuja – The Banker’s Committee on Tuesday in Abuja unanimously agreed to stop interbank ATM charge of N100.

Briefing journalists at the end of their meeting in Abuja, the Managing Director of First Bank, Mr Bisi Onasanya, said the decision was in line with “popular trends’’ in other parts of the world.

“Presently when you use the ATM of a bank other than your bank, there is a charge of N100 which is borne by the account holder.

“We have decided that we will work out the modality and ensure that with immediate effect we would pass on this cost to the respective banks which bear the cost of providing services.

“No matter where you are withdrawing your money from, you will not be subjected to any charge for using the ATM.

According to him, the new policy does not cover withdrawals inside the banking hall when the ATMs are off.

“But for transaction on what we call “not on us’’, when you are an FBN customer and you use the ATM of a GTB bank, it is free and it will no longer bear any cost.’’

Mrs Agnes Olatokunbo, Director of Banking Services at the Central Bank, said the apex bank and the Securities and Exchange Commission (SEC) would conduct a joint examination of stockbroking firms to ensure financial stability.

“Presently, the CBN supervises the bank but in the interest of financial stability, we will be working jointly with SEC to supervise stockbroking firms, especially those owned by holding companies under the new banking reforms.’’

Also speaking, the Group Managing Director of Union Bank, Mr Emeka Enuwa, said the banks had also decided to support mortgage liquidity facility for civil servants and private sector employees.

Enuwa expressed the committee’s support for the Federal Government’s ongoing efforts to provide more affordable housing to civil servants and the middle class.

“The cost of acquiring a house for an individual, as a civil servant, is quite difficult and getting a mortgage over a long period of time had not been that easy.

“What this programme intends to achieve is to make it much easier for civil servants and private sector employees to assess financing to acquire homes for themselves at an acceptable duration and reasonable interest rate.’’

Speaking on the modalities for assessing the credit facility, Enuwa said the details would be provided subsequently as the framework had just been agreed on.

On other decisions reached at the meeting, Dr Shehu Mohammed, acting Managing Director of Keystone Bank, said the committee also agreed to make “significant donation’’ to flood victims across the country.

Mohammed said the meeting considered the issue of the recent flood in the country and decided that respective banks should make donations through the Federal Government fund-raising committee headed by Alhaji Aliko Dangote. (NAN)

Bad Apple: Judge accuses computer giant of 'lack of integrity' in row over botched Samsung statement

• Sir Robin Jacob said Apple published 'false and misleading' material after failing to comply with court statement
• Says Apple's claim it would take two weeks to make changes to its website showed a 'lack of integrity'
• Apple also removed code from its side that 'hid' statement until users scrolled down

By MARK PRIGG

A senior judge fired more arrows at Apple today in the latest round of a legal row between the technology giant and rival Samsung.

Sir Robin Jacob said Apple published 'false and misleading' material and he suggested that bosses showed a 'lack of integrity' by saying staff would need two weeks to make 'minor changes' to the company website.

He made his criticisms after the Court of Appeal heard details of the dispute between Apple and Samsung at a hearing in London.

Apple has been slammed for telling judges it would take two weeks to make changes on its website. The firm also today removed code that 'hid' its statement at the bottom of a page

A SCROLLING APOLOGY

Apple also today removed a piece of code from its UK website that had allowed them to keep an apology to Samsung out of immediate sight.

The code which was removed had the effect of forcing the user to scroll down to see a notice of the verdict discussed in today's statement.

Appeal judges made a ruling earlier this month - when they expressed 'amazement' about the amount of time Apple wanted to post information on its website.

They gave written reasons for their decision today.

Apple was instructed by judges to publish a statement acknowledging that it had lost an earlier legal fight with Samsung.

The two firms returned to court on November 1 after Samsung complained that the notice Apple posted on its website did not comply with a court order and should be altered.

Apple said the notice did comply.

But three judges - Lord Justice Longmore, Lord Justice Kitchin and Sir Robin - agreed with Samsung and said Apple should post another statement.

The appeal court was analysing the latest stage of a dispute centred on computer technology produced by Apple and Samsung.

 

More...

• Have Apple written code that deliberately hides their online tablet 'apology' to Samsung?

Apple complained that the Samsung Galaxy Tab was too similar to its iPad.

But a judge at the High Court in London ruled in July that the Samsung Galaxy Tab was not 'cool' enough to be confused with Apple's iPad.

Last month, Apple failed to overturn that ruling in the Court of Appeal.

Visitors to the website had to scroll down to see a link that would explain the Californian technology giants reaction to their legal loss to Samsung

The judges upheld a decision by Judge Colin Birss QC, who concluded that three Samsung Galaxy tablet computers did not infringe Apple's registered design.

Judge Birss said: 'They do not have the same understated and extreme simplicity which is possessed by the Apple design. They are not as cool.'

He decided that consumers were not likely to get the two tablet computers mixed up.

In the latest litigation, Samsung said Apple had published a notice on its website acknowledging defeat on October 26 - in 'purported compliance' with a Court of Appeal order.

But the firm complained that Apple had added an account of court proceedings in Germany and the United States which was 'inaccurate and misleading'.

Judges agreed. 'What Apple added was false and misleading,' Sir Robin said in today's written decision.

The difficult to find statement that Apple are linking to on the homepage of their website in the UK

'There is a false innuendo that the UK court's decision is at odds with decisions in other countries whereas that is simply not true.'

He said Apple had asked for two weeks to post a new notice.

'(We were told) that 'for technical reasons' Apple needed 14 days,' said Sir Robin.

'I found that very disturbing: that it was beyond the technical abilities of Apple to make the minor changes required to its own website in less time beggared belief.

'In end we gave it 48 hours which in itself I consider generous.

An Apple iPad (left) is displayed next to Samsung's Galaxy tab. Today Apple was told it must post a second statement on its website after a court decided its first version did not comply.

'We said the time could be extended by an application supported by an affidavit from a senior executive explaining the reasons why more was needed. In the event no such application was made.'

The judge added: 'I hope that the lack of integrity involved in this incident is entirely atypical of Apple.'

Lord Justice Longmore and Lord Justice Kitchin said they agreed.

At the November 1 hearing, Lord Justice Longmore had told a lawyer representing Apple: 'We are just amazed that you cannot put the right notice up at the same time as you take the other one down.'

And Sir Robin Jacob had added: 'I don't believe the instructions you have been given. 

'This is that Apple cannot put something on their own website?'

Read more: http://www.dailymail.co.uk/sciencetech/article-2230564/Judge-accuses-Apple-lack-integrity-row-botched-Samsung-statement.html#ixzz29je25UyY
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Twitter forces 'large number' of its 500m users to reset their passwords after mistakenly saying accounts were hacked

• Mistake followed large scale hacker attack that hit several BBC shows, comedian David Mitchell and blog TechCrunch 
• Twitter refused to reveal how many of its 500m accounts were affected by original hack or its password reset mistake

Twitter has been forced to apologise for mistakenly resetting 'a large number' of its 500m user's accounts following a major hacker attack on the social networking site.

Users including the BBC's Today show and comedian David Mitchell were hit by the large 'phishing' scam

However, while investigating the issue, Twitter says its security specialists had reset a larger number of passwords than they intended.

Twitter tried to calm users after accidentally saying that 'a large number' of their 140 million accounts were compromised

WERE YOU PHISHED?

Some of the attempted hacks used phrases like 'serious gossip' or 'that video' or 'saying bad things [about you]' with a link to a phishing or malware site.

In order to avoid such scams, users were advised to check that the proper Twitter website, http://twitter.com, was visible in the web browser bar instead of a similar alternative.

'In instances when we believe an account may have been compromised, we reset the password and send an email letting the account owner know this has happened,' Twitter said in its blog on Thursday.

'In this case, we unintentionally reset passwords of a larger number of accounts, beyond those that we believed to have been compromised.'

Among the victims of the original hack was the technology site Techcrunch, which has 2.5m followers, and tweeted a link which could helped the problem spread.

The Twitter account belonging to BBC Radio 4's Today programme also told followers it was 'trying to get to the bottom' of problems relating to their feed.

Other BBC accounts have received the warning email - but it is not yet clear if any more were compromised.

Comedian David Mitchell tweeted that he had received the email, and that a tweet he had written publicising his column in the Observer newspaper had been removed.

The BBC's Today show was hit by the issue

Comedian David Mitchell was also affected

Some of the attempted hacks used phrases like 'serious gossip' or 'that video' or 'saying bad things [about you]' with a link to a phishing or malware site. 

Carolyn Penner, a spokeswoman for the social-networking site, declined to say how many Twitter accounts were affected by the error.

 

More...

• 'I'm moving to Colorado': Stoner star Seth Rogen takes to Twitter after marijuana legalized in two states
• Could Miss be replaced by a robot? Autistic pupils 'learn better from android buddies than human teachers'
• Black Thursday! Walmart announces it will start Black Friday shopping at 8 pm Thanksgiving night... their earliest time yet

She said that there had not been a security breach.

Twitter, which is based in San Francisco, regularly resets the passwords of accounts believed to have been infiltrated by hackers or suspicious websites.

Threatened: Twitter founder Jack Dorsey has not spoken publicly about the issue but the company issued a statement urging online caution

The company used the mass email as an opportunity to remind users of some key security tips to avoid hacking in the future.

They suggested to avoid pitches from companies that promise to increase the number of followers as 'these sites have been known to damage user accounts'.

Another area for concern that they addressed were Phishing sites that steal visitor's data when accessed. 

In order to avoid such scams, users were advised to check that the proper Twitter website, http://twitter.com, was visible in the web browser bar instead of a similar alternative

Read more: http://www.dailymail.co.uk/sciencetech/article-2230199/Twitter-forces-thousands-users-reset-passwords-mistakenly-saying-accounts-compromised.html#ixzz29jcv3wob
Follow us: @MailOnline on Twitter | DailyMail on Facebook

eBook of love: Smug couples get their own page on Facebook

• New pages available to all users from today
• Couples can see their relationship over time by visiting facebook.com/us

Facebook has launched the first 'couples pages' allowing people to chronicle their relationship on the site.

They bring together every event attended together, every picture and every post onto one page.

However, singletons shouldn't feel left out - Facebook has also revealed a similar service for friends.

Facebook's new friendship pages, which show pictures, events and mutual friends on a single page

HOW TO SEE IT

Friendship pages are being rolled out to all users from today.

To see them, visit a friend's page and click on the gear symbol in the top right.

If you've listed yourself as in a relationship with someone, you can also visit facebook.com/us to see your 'couples page'

The social networking giant says the new pages will allow users to see exactly which moments and pictures they have shared with friends on a single page.

'Starting today, we're introducing a new layout for friendship pages,' said Facebook's Arun Vijayvergiya.

'Friendship pages combine posts, photos and events that you and another person have shared. 

'Click the gear menu at the top of a friend's timeline to see a friendship page. 

'If you've listed yourself as in a relationship with someone, you can also visit facebook.com/us to see the friendship page you share with that person.' 

However, some users have warned the new pages could cause problems.

Read more: http://www.dailymail.co.uk/sciencetech/article-2230614/Facebook-launches-new-couples-pages-dont-worry-youre-single-friendship-pages.html#ixzz29jbi1ott
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Scientists discover how to make time pass faster (or slower)

• Findings could also explain why time flies when we're having fun

By DAMIEN GAYLE

A new understanding of how the brain processes time could one day allow scientists to tweak an individual's sense of timing.

New research suggests timekeeping in the brain is decentralised, with different neural circuits having their own timing mechanisms for specific activities.

Not only does it raise the possibility of artificially manipulating time perceptions, but the finding could also explain why our sense of time changes in different conditions - such as when we are having fun or are under stress.

Stop the clock: New research suggests timekeeping in the brain is decentralised, with different neural circuits having their own timing mechanisms for specific activities

Two researchers from the University of Minnesota in Minneapolis trained to rhesus macaques to perform tasks requiring them to move their eyes between two dots in regular one-second intervals, New Scientist reported.

Despite having to external cues to help them keep track of time, after three months the monkeys had learned to move their eyes between the dots with average intervals of 1.003 and 0.0973 seconds respectively.

Using electrodes, the researchers then recorded brain activity across 100 neurons in the monkeys' lateral intraparietal cortex - the brain region associated with eye movement - as they performed the task.

They found that the activity of these neurons decreased between each eye movement in a regular way that allowed them to predict when the next movement would occur.

Animal testing: Scientists trained two rhesus macaques, like the ones pictured, to flick their eyes between two dots at intervals of nearly exactly one second, then looked at what was happening in their brains

MATHS CAN HURT YOUR HEAD

Fear of maths can activate regions of the brain linked with the experience of physical pain, a study has found.

The higher a person’s anxiety of a maths task, the more it increases activity in regions of their brain associated with visceral threat detection, and often the experience of pain itself, research shows.

The authors say that previous research has shown that other forms of psychological stress, such as social rejection or a traumatic break-up, can also elicit feelings of physical pain.

However, they say their study examines the pain response associated with anticipating an anxiety-provoking event, rather than the pain associated with a stressful event itself.

Ian Lyons and Sian Beilock, from the University of Chicago say their results, published in Plos One, indicate the maths task itself is not painful but merely the thought of it is highly unpleasant to certain people.

A slower rate of decrease in the activity of the neurons corresponded with a macaque overestimating the length of a second, while a faster rate of decrease meant they would move their eyes before the time was up.

The results of the experiment suggest that scientists may one day be able to manipulate the subjective experience of the passage of time by tinkering with the neural connections that indicate its passage in our brains.

And it also suggests an explanation as to why, under certain conditions, the subjective sense of how much time has passed feels different.

When an individual is under stress, for example, it affects that amount of chemicals such as adrenalin in the brain. Scientists know adrenalin affects the rate of activity of neuronal activity.

'And in our model, a change in the activity decay rate is all you need to have a different sense of "what time" it is,' lead researcher Geoffrey Ghose told New Scientist.

Dr Ghose and his colleague Blaine Schneider now plan to test whether the neurons they have identified are the ultimate mental clock for the dots task by interfering with their behaviour to see if that affects the monkey's timing.

Read more:

Read more: http://www.dailymail.co.uk/sciencetech/article-2228221/Scientists-discover-make-time-pass-faster-slower.html#ixzz29jlcdVec
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Wall Clock Camera

Spy Wall Clock: like any other wall clock but it watches you.

Wall Clock Camera (Spy Wall Clock)  system make covert surveillance easy. It is like any other wall clock else that it watches you.

It has special motion detection mode, where recording commences once movement is detected. For ease of storage the complete camera  records directly to a SD card. It is advisable you use memory cards not less than 2GB with this device

This device is a good alternative for CCTV and indoor home/office recording.

How to Use

Follow the instruction manual.

Features

Video recording system at the back of the Wall Clock

• Easy to Use
• Looks just like a normal clock. Camera undetectable
• Motion Detection mode
• Lithium battery recharged by the included AC adapter or any powered USB port
• Rechargeable just plug into USB charger
• Flash drive function
• Typical Battery Life: 2 hours per 3-hour charge
• Record video and audio
• Video playable on PC
• Video Resolution: 640X480px
• Frame rate: 30 FPS
• Time & Date Stamp During Playback on Unit
• Video Format: AVI
• Remote control

Includes

• Remote Control
• USB SD Card Reader
• USB Extension Cable for Card Reader
• 2GB Memory Card
• Instructions

Cost

Wall Clock with 4GB	N23,000
Wall Clock with 8GB	N25,000

Approximate Recording Times

256 MB	512MB	1GB	2GB	4GB	8GB
1/2 hour	1 hours	2 hours	4 hours	8 hours	16 hours

 Read More ; http://www.spymodong.com/?page_id=47

The blunder that cost Google $24 BILLION in EIGHT minutes: Shares suspended after printers' blunder accidentally reveals shock 20% drop in profits early

• Third-quarter profits fell 20% on a year earlier to $2.18bn (£1.35bn)
• Google struggling after acquisition of Motorola and fall in search advertising
• Trading halted to give investors chance to digest news amid crash fears
• Printing firm blamed for leaking report ahead of schedule
• Chicago-based R.R. Donnelley said mistake was 'human error'
• CEO Larry Page claims company had 'a strong quarter' despite disaster

Crash: Google's shares fell by nine per cent in just eight minutes after the release of its earnings report

Google suffered the single largest plunge in stock market history on Thursday when $24billion (£15billion) was wiped off the company's value after its results were accidentally released.

The catastrophic error revealed that profits were down by 20 per cent.

Trading in the company's stock was halted when its shares fell by nine per cent in just eight minutes following the release of its disappointing earnings report.

The report was leaked ahead of schedule when a printing firm working for Google put out an incomplete press release without authorisation from the online giant.

The plunge prompted worries that a second dot.com crash could be on the way. Google's troubles coincide with a steady fall in Facebook's share price and the ongoing struggles of newer start-ups such as Groupon and Zynga.

Google's third-quarter profits fell 20 per cent on a year earlier to $2.18billion (£1.35billion) - well below analysts' expectations.

The dire results were due to be issued after the markets had finished trading for the day. 

But because they were released early, investors were able to dump their stock and send the shares into a nosedive.

Adding to the chaos, a major trading website appeared to have crashed as investors sought to make sense of the situation.

Google’s stock fell $68.19, or nine per cent, to $687.30 before trading was halted to give shareholders a chance to digest the news amid fears of a massive crash. 

The firm was losing more than $45million for every second it was being traded before the shutdown, which was requested by Google itself.

It is unclear how much of the plunge was attributable to the surprise leak of the report, as the exceptionally poor results would almost certainly have triggered some fall in the firm's value.

When trading reopened around two hours later, the share price failed to recover significantly, crawling up one percentage point to $695.00.

Scroll down for video

Blunder: A press release was prematurely issued with the line 'awaiting quote from Larry' in reference to Google co-founder Larry Page

The fiasco brings to an end an incredible growth story that has seen the company’s worth balloon to become the most valuable technology firm after iPhone maker Apple.

The company did not explain why its earnings had been so disappointing.

 

More...

• Was YouTube hacked? More bad news for Google as video giant crashes within hours of firm losing $24billion
• Inside the internet: Google allows first ever look at the eight vast data centres that power the online world
• Google ordered to fix privacy policy 'within months' or face legal action across Europe

However, analysts blamed the poor performance on Google's $12.5billion (£8billion) acquisition of Motorola, the struggling cellphone manufacturer which has been left behind by its more fashionable rivals.

Another problem for the company, which is overwhelmingly reliant on search-based advertising for its revenue, is that advertisers have slashed payments to the search giant as consumers turn towards mobile devices.

The report comes at a crucial juncture for Google, which is preparing to embark on a number of high-profile new projects such as Google Glass, a tiny computer fitted to a pair of spectacles, and the $250 Chromebook laptop which was released today.

The stock market disaster overshadowed the Chromebook launch in San Francisco with several reporters running out of the event to cover what had happened. 

Google’s earnings report had been scheduled for release at 4.30pm on Thursday, after the end of regular trading.

Humiliatingly, the premature press release, filed with the Securities and Exchange Commission, said 'PENDING LARRY QUOTE' at the beginning, referring to Google chief executive Larry Page and suggesting that it was not ready for publication.

'PendingLarryQuote' quickly became a hashtag on Twitter as jokes ran riot, along with #google and #oops.

Adding to an appalling day for the company, YouTube, the video-sharing site owned by Google, appeared to crash completely for several minutes on Thursday afternoon.

Internal workings: Behind the scenes at Google's data centres. The company suffered a stock market plunge today after years of growth

Mr Page later issued a comment arguing that the company had enjoyed 'a strong quarter', adding: 'We had a strong quarter. Revenue was up 45 percent year-on-year, and, at just fourteen years old, we cleared our first $14billion revenue quarter. 

THE PRINTING FIRM THAT COST GOOGLE $24BN

RR Donnelley has become the world's large commercial printer in the last two decades, having bought up a string of other businesses. 

The Chicago-based firm has published Penguin Classics and paperbacks from the Twilight vampire series as well as the best-selling Idiot’s Guide books.

On its website, RR Donnelley boasts of working with more than 60,000 customers worldwide ‘to develop custom communications solutions that reduce costs, drive top line growth, enhance ROI and ensure compliance’.

It ranks 249 in the list of Fortune 500 of America’s largest corporations with about 58,000 employees. 

'I am also really excited about the progress we’re making creating a beautifully simple, intuitive Google experience across all devices.'

Google issued a statement blaming R.R. Donnelley, the Chicago-based company that prints its financial documents, for the early release.

'Earlier this morning RR Donnelley, the financial printer, informed us that they had filed our draft 8-K earnings statement without authorization,' the Google statement read. 

'We have ceased trading on NASDAQ while we work to finalize the document. Once it's finalised we will release our earnings, resume trading on Nasdaq and hold our earnings call as normal.'

Donnelley's shares fell by more than five per cent following the blunder as the firm blamed its screw-up on 'human error' and promised to launch an investigation to 'determine how this event took place'.

Reed Kathrein, of law firm Hagens Berman, said Google could have a negligence claim against Donnelley to recover any costs it sustained in the incident.

The Chicago-based firm has printed Penguin Classics and paperbacks from the Twilight vampire series as well as the best-selling Idiot’s Guide books.

Over the past two decades, it has bought up a string of other firms to become the world’s largest commercial printer. Enlarge 

Long-term: The sudden crash on Thursday brought an end to months of nonstop growth for Google

Surprise: The company's profits fell by 20 per cent year-on-year - way below analysts' expectations

WHERE DID IT ALL GO WRONG?

The main reason for Google's fall in profits is its $12.5billion purchase of Motorola, the struggling cellphone manufacturer.

The division lost more than $500million over the quarter, prompting aggressive cost-cuttingmeasures.

However, the web giant is also suffering in its core business, search-related advertising, as the income received for every ad clicked on fell by 15 per cent in just three months.

The future may be no brighter for the firm, as it is set to plow millions into new ventures such as virtual-reality glasses and driverless cars.

And some analysts have predicted a bleak outlook as web users turn away from Google and start usingalternative search methods such as Facebooks and mobile apps. 

On its website, Donnelley boasts of working with more than 60,000 customers worldwide ‘to develop custom communications solutions that reduce costs, drive top line growth, enhance ROI and ensure compliance’.

It ranks 249 in the list of Fortune 500 of America’s largest corporations with about 58,000 employees.

R.R. Donnelley also reported a downturn in business earlier this year as more readers chose digitial devices over books. 

It has closed plants and laid off workers but share prices have slumped since 2007. Between May 31, 2011 and February stocked dropped from $21.34 to $11.25.

In a regulatory filing, Google said it earned $2.18billion, or $6.53 per share, during the three months ending in September. 

That compared with net income of $2.73billion, or $8.33 per share, last year. 

The earnings would have been $9.03 per share, if not for Google’s accounting costs for employee stock compensation and restructuring charges related to the acquisition of Motorola.

Google’s filings with the Securities & Exchange Commission also revealed a worrying drop in the amount of money the technology giant receives for each advert users click on its websites.

Its average income per click fell 15 per cent over the three months to the end of September, sparking fears that it is losing traction with advertisers.

The slowly growth in ad revenue is driven by the growing use of smartphones and tablet computers to access the internet.

Grim news: Google is attempting to turn its fortunes around with projects such as the driverless car and the digital glasses worn here by co-founder Sergey Brin

The ads are more difficult to see on smartphones, in particular, so marketers are not willing to pay as much for those commercial messages as they do for ads that are seen by people on personal computers.

And people relying on mobile devices tend to use specially designed applications that are not as receptive to Google's ads as web browsers are.

Respected financial commentator David Buik, who has studied the stock markets for 50 years and works for investment firm Cantor Index, said: 'Nothing has ever come remotely close to this.

'The bubble has burst. After Google's meteoric rise something like this was always bound to happen.'

Industry experts warned the stark fall in advertising rates could hit other technology giants.
‘It was just too rapid a deceleration,’ said Brian Wieser, an analyst at Pivotal Research Group.

He said the results pointed to a weakening online advertising environment that would affect many ad-based internet firms, adding: ‘Many of the same underlying trends drive Facebook advertising.’

'The core business seems to have slowed down pretty significantly, which is shocking. I don't think anybody saw this,' said Sameet Sinha, analyst at B Riley.

Burden? But some analysts blame the expenditure on these non-core projects for the firm's fall in profits

'The only conclusion l can look at is - search is happening more and more outside of Google, meaning people are searching more through apps than through Google search. That could indicate a secular change, especially when it comes to e-commerce searches.

'The big fear has always been - what if people decide just to go straight to Amazon and do their searches? And potentially that's what could be happening.'

Digital marketing analyst Gary Buchan of Render Positive warned that Google's struggles could continue over the short term, saying, 'There are probably a few ugly reports in the pipeline yet.'

He told MailOnline: 'Around 95 per cent of Google's income comes from its advertising services, and while many big brands are maintaining their budgets and are being aggressive to win new customers in the current economic climate, a large proportion of the search engine's advertisers are small businesses who are more exposed.

'If they're feeling the pinch, small businesses have to cut costs somewhere and often the first thing to go is marketing.'

But Mr Buchan insisted that such a ubiquitous company would recover eventually: 'Bing might be dreaming otherwise, but this is nothing more than a blip.'

Video: Google data centre explored...

Read more: http://www.dailymail.co.uk/news/article-2219751/Google-shares-suspended-20-drop-profits-accidentally-revealed-early.html#ixzz29jgEArRm
Follow us: @MailOnline on Twitter | DailyMail on Facebook