BUSINESS

E3 (Electronic Entertainment Expo) 2014, the annual video game conference at the Los Angeles Convention center has unveiled quite an assortment of games this year. Both Microsoft and Sony utilized their turn impressively. Nevertheless, the war between PS4 and Xbox One are world renowned.

The Australian market is under pressure at lunch, wiping out yesterday's modest gains. The All Ordinaries Index (XAO) is down 0.3 per cent, with weakness from the miners, industrials and energy stocks most substantial. Gains from two of the four major banks are helping minimise today's losses. Markets overnight ended flat, providing an uninspiring lead for local stocks.

Russian authorities arrested suspected hackers who hold Apple devices on ransom.

Apple Inc. and US Food and Drugs Administration met in Dec 2013 discussing new products with sensors

Apple Inc's stock split has sent small investors and options traders into a frenzy as the market reacts favourably. The split, which gives shareholders seven times as many shares as they have, sent the stock price to a new high of $93.82, according to reports

UBS analyst Steven Milunovich estimates 21 million iWatch units will be roll out before holiday as patent hints on weightlifting tracker feature

Each share of Apple (NASDAQ:AAPL) is now worth about 92 post-split, opening more investment possibilities

The brand new 'Razer Blade' 2014 laptop is projected as the epic gaming laptop ever. In a nutshell, it comes with a killer display, thin clamshell design and it provides ultimate gaming experience.

Global markets were in a holding pattern through European and US trade, with limited activity on the economic calendar. Perhaps the highlight was a further slide in the single currency, which helped keep equities afloat in Europe. However, emerging markets remain buoyant on the back of the measures China is taking to stimulate the economy. China's move to cut reserve required ratios for a number of regional and agricultural banks saw Asian equities mostly enjoy gains yesterday with the excep...

In US economic data, wholesale sales rose by 1.3% in April, above forecasts centred on a 0.8% gain. Inventories rose by 1.1%, ahead of forecasts suggesting a 0.5% gain. And weekly chain store sales were up by 3.3% on a year earlier, down from the 3.5% gain in the previous week.

The Australian Bureau of Statistics (ASB) will release on Thursday the country's unemployment figure, and it is expected to report a 5.9 percent joblessness rate for May.

Business confidence in Australia continues to remain "steady" in the face of the Abbott government's tough budget cuts and falling consumer confidence.

Gains for the ASX 200 faded over the course of the afternoon. At the best levels of the session the index was ahead by 32 points, at the lows of the day the market was down by 1 point. At the closing bell the bourse ended with its nose in front by just over 5 points. Participation was lower than average with less than $4bln shares changing hands.

The International Air Transport Association (IATA) has formed a taskforce that will work on creating a technology to track all aircraft in the world. The group is composed of airlines, pilots, flight safety organizations and flight tracking and navigation service providers.

Spain is cutting its public deficit by massaging numbers. The manipulation comes in the form of including the value of the work of prostitutes as well as those in other illegal activities such as drugs, people trafficking and contraband.

The Australian share market is trading higher in the early session, as investors returned from the long weekend in a buying mood. Positive economic data out of the US overnight and solid Chinese trade data figures released on the weekend have given support to sentiment.

Yesterday's trade balance from China might be the first nominal piece of data that could confirm targeted easing is taking effect. May exports rose more-than-expected, by 7%, as overseas shipments ramped up on the back of improving signs from Europe and the US.

In US economic data, the employment trends index rose from 117.32 to 118.58 in May. On Friday, data showed a 217,000 lift in employment in May with the unemployment rate stable at 6.3%.

Even if commodity prices are on a downtrend, Australian miner Sundance Resources said over the weekend that it would go ahead with its $3.5-billion iron ore project in Cameroon.

Apple Inc. has previously announced its 7-for-1 stock split in April in line with its plans to increase stock buybacks and boost dividend payments.

According to the data from Ericsson, mobile penetration for the U.S. and Europe markets are almost over with regard to high-end devices.

The Australian sharemarket continued to improve this afternoon, taking the gains to almost 0.5 per cent. Gains from U.S. markets and the first interest rate cut in six months for the European Central Bank helped lift stocks overnight. Improvements from the major banks accounted for around half of the market's gains today.

Just days after Apple officially announced the closure of is deal with Beats Music to the tune of $3 billion, Beats by Dr. Dre released a pre-World Cup ad entitled "The Game Before the Game."

Australian Jeffrey Revell-Reade funds a lavish lifestyle with $126.4 million boiler room scam

A Canadian company has launched the world's first full-scale municipal waste-to-biofuels and chemicals facility.

A survey from Pornhub revealed Apple Safari users are accessing porn more than other browser users.

It seems there is really no more stopping an El Niño 2014 occurrence. Latest updates released by weather experts from the Australian Bureau of Meteorology and the U.S.' NOAA point to an El Niño becoming established in the Pacific Ocean by August.

The Australian sharemarket is rising for the first time in four trading days, with the All Ordinaries Index (XAO) up 0.4 per cent or 19.7pts to 5,438.8. U.S. stocks finished at record highs ahead of the May jobs report this evening. This is arguably the most highly anticipated piece of data to be released this week.

In yet another way of displaying his unorthodox method of running the Roman Catholic Church and the Vatican bureaucracy, Pope Francis fired on Thursday the entire board of the Financial Information Authority (FIA), reports News.com.au.