IBM Completes its $1.2bln Global Investment w/ London Data Centre
IBM completes is nearing completion of its $1.2 billion global investment with Softlayer data centre in London.
Australian Stock Market Report –Afternoon June 30, 2014
The Australian share market ended the last trading day of the 2013/14 Financial Year in the red, however it has still been a solid 12 months for investors.
Australian Stock Market Report – Midday June 30, 2014
Sellers have been largely unopposed in the first part of the session on Monday. Almost every sector measured by the ASX has been in retreat in the absence of any strong lead from Wall St. Mining stocks were generally lower although the influences from underlying prices weren't significant. Base metal prices ended mostly lower, but nickel and zinc - both metals subject to supply-side issues currently - bucked the trend and finished higher. Precious metals were mixed, while global crude oil ben...
New Zealand Home Affordability Rate Deteriorating; Auckland Named Least Affordable Region
The housing affordability across New Zealand has worsened, according to Massey University’s Home Affordability Report. The new report reveals the price of houses in the country will continue to rise in the coming years.
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Australian Stock Market Report – Morning June 30, 2014
In US economic data, the University of Michigan final reading on consumer sentiment rose from 81.9 to 82.5 in June, mildly above expectations. Interestingly 1-year inflation expectations index fell from 3.3% to 3.1% - the lowest reading in six months.
Rinehart Family Feud: Ginia Rinehart Admits Being Hurt by Brother’s Oxygen Thief Comment
At the end of the New South Wales Supreme Court's hearing of the Rinehart family feud on who should replace mining billionaire Gina Rinehart as the trustee of the $5-billion trust that controls about 25 per cent of Hancock Prospecting, youngest daughter Ginia admitted being hurt by brother John's remarks about her.
ANZ Rolls Out Australia’s 1st Wealth App
ANZ has combined daily banking features with a comprehensive wealth management solutions in a new app it just released.
Apple Inc. Dow Jones Entry to Boost Stock Price; iPhone 6 Key Driver in Emerging Markets
After Apple's stock split on June 9, the price per share has dropped to around $92.
AU Warned of 'Overheating House Prices' Despite Resilient Economy
An international ratings agency has warned Australia of its "overheating" housing market despite the country's "very high" economic strength.
Australia Warned of 'Overheating House Prices' Despite Resilient Economy
An international ratings agency has warned Australia of its "overheating" housing market despite the country's "very high" economic strength.
Australian Stock Market Report –Afternoon June 27, 2014
The Australian share market closed out the week on a negative note, with the All Ordinaries Index (XAO) closing lower by almost 18 points or 0.3 per cent to 5429.1 on Friday. Over the course of the week, the market finished higher by 0.5 per cent, thanks to the strong gains yesterday coupled with Monday's win.
Canadian Food Retailer Sobeys Closes 50 Underperforming Stores
Canadian food retailer Sobeys and its parent company Empire Co. will be closing 50 stores all across the country due to underperformance. Majority of the closing stores are located in Western Canada.
Firing of WIBA AM Talk Show Host Indicator of Radio Preference for Syndicated Content Over Local Talent
The radio industry in the US is talking about the firing of 1310 WIBA/AM morning talk show host Mitch Henck. His boot not only ends Henck's 12-year stint with the radio station, but also highlights the shift of the industry toward syndicated content, leaving no room for local voices.
Zoopla’s £1 Billion Flotation Catches Attention of Real Estate Industry
Property firm Zoopla's (LSE: ZPLA.L) £1 billion flotation is the talk of the real estate industry. One of the questions being raised is if property portals like Zoopla will effectively replace the traditional real estate agent, which could leave the property market dominated by a relatively small number of realty firms.
Australian Stock Market Report – Midday June 27, 2014
The Australian sharemarket is flat after a 1.1 per cent surge yesterday. Global markets overnight ended mixed while a firmer ore price is helping the miners. Despite an uninspiring finish to the week, local stocks have still improved by 0.8 per cent over the past five days.
Global Markets Overview – June 27, 2014
Equities were relatively sidelined in a quiet US trade. Most of the releases from the US were in-line with estimates and this resulted in an overall lack of direction. There was also some Fedspeak with Lacker and Bullard on the wires. Lacker commented on inflation, suggesting it was rising faster than expected with the move not being entirely noise.
Despite $2 Billion Loss Due to Plummeting Iron Ore Prices, Mining Magnate Gina Rinehart Is Still Number 1 on BRW Rich 200 List
Despite losing $2 billion in the last 12 months due to plummeting iron ore prices, mining magnate Gina Rinehart is still Australia's richest person and topped the 2014 BRW Rich 200 list released on Thursday.
Australian Stock Market Report – Morning June 27, 2014
St. Louis Federal Reserve President James Bullard warned that the Fed could fall behind the curve if the US unemployment rate drops faster than expected. In response to questions after his speech Bullard commented that at the current 6.3% unemployment rate, the US is ´´way ahead of schedule´´ on its trajectory toward a normal labour market. Bullard does not have a vote on the Fed´s policy-setting committee this year.
Victorian Government OKs Plan for 100-Storey Australia 108 Skyscraper, Tallest in Southern Hemisphere
The tallest skyscraper in the Southern Hemisphere would soon rise in Victoria, Australia. The 100-storey tower will stand 319 metres tall upon completion.
Australian Stock Market Report – Afternoon June 26, 2014
The Australian share market had a solid session on Thursday, clawing back some ground following losses on Tuesday and Wednesday. Window dressing ahead of the end of the financial year, coupled with a strong lead from Wall Street, saw the All Ordinaries Index (XAO) rise 1.1 per cent today to 5446.8 points. That's been enough to turn around the week's fortunes so far, with the market now higher by 0.8 per cent on the week.
Average Value of Top 4 Social Media Sites is $101 per User
A 2013 Experian Marketing Services survey found that consumers in the UK, U.S. and Australia spent an average of 16 minutes for every hour on the Internet on social media sites. After social media are entertainment Web sites where consumers spend an average of 9 minutes for every hour.
Human Pilot Error Cause of Fatal 2013 Asiana Airlines Crash
Before the still missing ill-fated Malaysia Airlines Flight MH370, there was Asiana Airlines Flight 214 on July 2013. On Tuesday, authorities from the National Transportation Safety Board said the jetliner crashed and killed three people at San Francisco International Airport in 2013 because of human error on the part of its pilots.
Cupid Breaches Privacy of its 254,000 Australian Members
The Australian Privacy Commissioner has found Cupid guilty of breaching the privacy of its thousands of members
‘The Block’ Reportedly To Renovate Hotel Where Vampire Gigolo Shane Chartres-Abbott Killed Victim
“The Block” is reportedly set to film next season at the infamous Hotel Saville, where self-proclaimed vampire prostitute Shane Chartres-Abbott allegedly raped and murdered his victim in 2002.
Australian Car Owners Face New Mandatory Emissions Standards
Australian owners of light vehicles are now mandated to adhere to new emissions standards that could help the country achieve a year's worth cut of carbon pollution of 59 tonnes by 2030, the Climate Change Authority said on Thursday.
Analysts Vouch for Apple Inc. (NASDAQ:AAPL) as iPhone 6 and iWatch Release Date Nears
Analysts are increasing their price targets of Apple Inc. (NASDAQ:AAPL) on iPhone and iWatch release dates nearing.
Australian Stock Market Report – Midday June 26, 2014
The Australian sharemarket is improving for the second time this week, with a positive lead from Wall Street helping lift local stocks. The All Ordinaries Index (XAO) is up 0.8 per cent, creeping back above the key 5400 point mark. The property trusts are the lone losers at lunch, with all other sectors recording at least modest gains.
Apple Inc. Disney Acquisition Rumoured a 'Powerhouse Deal' in the Making
After buying Beats Electronics, Apple Inc may be eyeing Disney as its next big target acquisition. In an article by Washington Post, one analyst at North River Ventures thinks this possibility is "frighteningly obvious."
Kimmel Says 2014 is Most Unloved Bull Market in 25 Years, Shorts LinkedIn
Jordan Kimmel, chief executive officer at investment education firm InvestView (OTCQB: INVU) said 2014 remains a bull market and described this year as the most unloved bull market since he joined the financial industry more than 25 years ago.
Pope Francis, Not Obama, is Most Influential World Leader on Twitter
U.S. President Barack Obama may have the most number of followers on online social networking and microblogging service Twitter, but he is not the portal's most influential world leader. Pope Francis is.
Microvideo App Platform from RealBiz Allows Realtors to Reach More Buyers for as Low as $10/Month
While regular employment in a corporate environment has its perks such as social security, fixed regular income and medical coverage - being a freelancer - also has its advantages.
Global Markets Overview – June 26, 2014
Once again we saw a sharp contrast in sentiment from European to US trade as a different set of forces dictated sentiment. European trade remained fairly risk-off as investors focused on rising geopolitical tension on the Iraq and Ukraine front. Latest reports suggest the US is considering further sanctions against Russia, while militants in Iraq continue to expand their territory.
Australian Stock Market Report – Morning June 26, 2014
In US economic data, durable goods orders fell by 1.0% in May, below forecasts tipping a flat result. Excluding defence equipment, orders rose by 0.6%. The final reading of economic growth (GDP) in the March quarter showed a decline of 2.9%, bigger than the 1.7% decline that was forecast.
Carers Top ABS List of Top 10 Jobs in Australia With Growth Over Next 5 Years
In February 2014, Australia's joblessness rate hit 6 per cent, the highest rate since 1997. Employment experts believe that by identifying the hot jobs over the next five years, Aussies could help prevent their becoming unemployed since they could initiate steps this early to shift careers or learn a new trade.
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