Delta Air Lines is 2014 Airline of the Year
U.S. carrier Delta Air Lines has been named as the '2014 Airline of the Year' by the Air Transport World magazine. It's been 10 years since the award was given to an American airline company.
Australian Stock Market Report – Midday 1/24/14
Sellers continued to make their case in early trade on Friday. There have been few consolations on offer for the bulls in recent days. A small positive has emerged on Friday. On several occasions sellers attempted to force the index through the 5250 area on a sustained basis. However buyers seemed content to defend this area. Having failed on 4 occasions, sellers retreated. Thereafter the market recovered ground quickly to be in positive territory at lunchtime. The question this afternoon will b...
Bankruptcy Court Approves Assets Sale of Railroad Company Involved in Canada Disaster
A bankruptcy court in the U.S. has approved the assets sale of Montreal, Maine and Atlantic Railways (MM&A), seven months after it figured in a fiery railway crash in Lac-Megantic, Quebec that killed 47 people.
Kourtney Kardashian is Justin Bieber's Newest Neighbor as She Purchases House of NFL Star Keyshawn Jones
Kourtney Kardashian and her husband Scott Disick reportedly purchased the house of former NFL star Keyshawn Jones in Calabasas, CA., just a few doors away from Justin Bieber's house in the same neighborhood.
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New Zealand’s $4B Fruit, Veggie Export Market Under Threat Due to 1 Queensland Fruit Fly in Northland
Horticulture New Zealand warned the country's fruit and vegetable exporters that their produce could be blocked by overseas market because one pesky Queensland fruit fly in Northland was discovered.
Vittorio Hernandez Jan 24, 2014
Aussie Bank Westpac is Most Sustainable Company in the World
Corporate Knights, a Canadian investment research company, named on Thursday Australian bank Westpac as the world's most sustainable company. The recognition was given at the World Economic Forum in Davos, Switzerland.
Vittorio Hernandez Jan 24, 2014
Apple Inc Takes Heat from Carl Icahn as Stock Climbs After Icahn's Tweet of $500M Investment
Apple Inc is once again the target of billionaire activist Carl Icahn as he posted on Twitter that he bought US$500 million more shares within the past two weeks. With his latest investment in Apple, Mr Icahn's shares are now worth more than US$3 billion. With Mr Icahn's additional investment, Apple Inc's share price climbed 0.5 per cent at US$552.09 after its previous increase of as much as 1.5 per cent. The billionaire investor has made it clear he is not against Apple management but ...
Reissa Su Jan 23, 2014
Australian Stock Market Report –Afternoon 1/23/14
A disappointing monthly reading on the health of China's manufacturing sector pushed the Australian market and dollar lower this afternoon. The All Ordinaries Index (XAO) slipped by 1.1 per cent, the most significant daily loss in a week.
Vittorio Hernandez Jan 23, 2014
Beijing Bans Construction of New Industrial Plants
Effective March 1, 2014, Beijing will no longer be approving proposals for new constructions of industrial plants, including oil refining, steel, cement and thermal power plants. Proposals for improvements of existing ones will likewise be barred.
Esther Tanquintic-Misa Jan 23, 2014
Australian Stock Market Report – Midday 1/23/14
The Australian sharemarket is slipping for the third time this week and for the 11th time in 15 sessions. The All Ordinaries Index (XAO) is down 0.1 per cent. China's HSBC Flash Manufacturing PMI will be issued at 12.45pm (AEDT) and measures the state of manufacturing activity in China. The market is expecting a slight rise from 50.5 to 50.6. A reading above 50.0 indicates manufacturing industry expansion. A surprise could move currencies.
Vittorio Hernandez Jan 23, 2014
Flu Medicines Actually Help Spread Viruses More Rapidly – Study
A new research published in the Proceedings of the Royal Society B has found that flu medications can actually help spread the influenza viruses more rapidly from one person to another.
Esther Tanquintic-Misa Jan 23, 2014
Sochi Hotel Prices Balloon 121% for 22nd Winter Olympics, Lots of Tickets Still Remain Unsold (Photos)
Despite terrorism scares and anti-gay sentiments, prices of hotels in Sochi, Russia, host of the 2014 22nd Winter Olympics, have started ballooning and could reach by as much as $243 per night, a whopping jump of 121 per cent.
Esther Tanquintic-Misa Jan 23, 2014
Samsung Infringed Apple’s Autocorrect Patent – U.S. Court
A U.S. District Court Judge in California on Tuesday has ruled that Korea's Samsung did infringe Apple Inc's autocorrect patent technology, two months before the telecoms giants face each other for a late March trial date.
Esther Tanquintic-Misa Jan 23, 2014
Global Markets Overview – 1/23/14
US markets have provided no platform for Asia to move higher, so it seems we will need to see China come out firing again for the ASX 200 to make any upside traction.
Vittorio Hernandez Jan 23, 2014
Australian Stock Market Report – Morning 1/23/14
European shares edged higher on Wednesday, led by solid results from Dutch technology firm ASML. But concerns about earnings across the broader market kept a lid on the advance. ASML the world´s leading provider of tools for making computer chips, rose by 7%, after it beat forecasts for fourth quarter results and reinterred an upbeat outlook for first-half sales. Portuguese shares (down 3.3%) underperformed the broader market, pressured by a slump in the country´s banks after local media reporte...
Vittorio Hernandez Jan 23, 2014
BlackBerry Places Real Estate Holdings on Sale; Shareprice Logs 30% Hike Since 2014 at TSX
The questions posed by that YouTube uploader would probably be answered soon as embattled Canadian phonemaker BlackBerry is selling the bulk of its commercial real estate holdings in the country. It would combine vacant sales and sale-leaseback arrangements to divest itself of the properties measuring about 3 million square feet of space.
Vittorio Hernandez Jan 23, 2014
Credit Card Holders in Australia Won’t Need to Sign for Purchases by Aug 1
Credit card skimming would soon become a thing of the past since beginning Aug 1, credit and debit card holders in Australia would no longer need to sign for the purchases of over $100. Instead, they would key in PIN codes in an attempt to significantly cut payment fraud.
Vittorio Hernandez Jan 23, 2014
The '123456' Number Sequence Tops SplashData's Worst Passwords List [WATCH VIDEO]
SplashData, a company that specializes in password management applications (SplashID Safe line) for more than 10 years just announced the Worst Passwords of 2013 list featuring the 25 most common passwords found in the Internet. The "123456" number sequence topped the list as the worst password of 2013. It has been a runner-up for two times already and now, it has finally landed the number one spot. It beat the worst password of 2012, which is the word "password."
Janice Somosot Jan 23, 2014
Australian Stock Market Report – Afternoon 1/22/14
The Australian share market closed in the red today but managed to rally off earlier lows thanks to gains from financial stocks.
Vittorio Hernandez Jan 22, 2014
China Air Pollution Disrupting Globe on Massive Scale, Invokes Dangerous Cyclones
China's dangerous air pollution isn't only confined to harm its residents. It has been found to be dangerously invoking more severe and frequent cyclones in the northwest Pacific.
Esther Tanquintic-Misa Jan 22, 2014
Australian Stock Market Report – Midday 1/22/14
The Australian share market is being sold off on Wednesday, following a mixed lead from Wall Street and despite European shares rallying to a fresh five and a half year high.
Vittorio Hernandez Jan 22, 2014
Massachusetts Lawsuit Filed Against Apple Inc, Claimed Company Sells Customers’ Personal Info
Apple Inc is in another legal battle. The iPhone maker has been slapped with a lawsuit in Massachusetts by three customers who alleged that the company had been selling users' personal information to third parties.
Esther Tanquintic-Misa Jan 22, 2014
1,700 Lose Jobs at Canadian Aeronautics Company Bombardier
Some 1,700 employees from the aerospace division of Canadian aeronautics company Bombardier are bound to lose their jobs in the coming weeks.
Esther Tanquintic-Misa Jan 22, 2014
NZ’s Auckland Recovers Power Supply After Ex-tropical Cyclone June
Electricity suppliers have managed to restore all of Auckland's power supply on Wednesday after ex-tropical Cyclone June's powerful wild winds hit the area on Tuesday.
Esther Tanquintic-Misa Jan 22, 2014
Iron Ore Prices Plummet to Six-Month Low of $124.80 per Tonne as Chinese Buyers Retreat
Iron ore producers in Australia are under pressure following the drop to a six-month low of prices of the key steelmaking ingredient to $124.80 per tonne. The price decline was mainly due to Chinese iron ore buyers retreating.
Vittorio Hernandez Jan 22, 2014
Global Markets Overview – 1/22/14
Fundamental questions around strength of the US earnings remain; after having seen a 30% gain on the S&P in 2013, the current earning season is masking what really is a disappointing start.
Vittorio Hernandez Jan 22, 2014
Australian Stock Market Report – Morning 1/22/14
European shares rallied to a fresh 5½-year high on Tuesday. Better than expected earnings from consumer goods maker Unilever (up 1.8%) supported investor sentiment. Sales rose 8.4% in emerging economies and accounts for more than half of earnings. In addition solid German sentiment data remained near 8 year highs. The monthly ZEW survey of economic sentiment slipped from 62.0 to 61.7 in December. Economists now expect Germany´s growth expansion of around 1.7% in 2014 after 0.4% in 2013. The FTSE...
Vittorio Hernandez Jan 22, 2014
Is Qantas Risking Passenger Lives by Having Boeing Jet Maintenance in Hong Kong Instead of Its Own Brisbane Maintenance Facility?
The Australian Licenced Aircraft Engineers Association (ALAEA) decried on Tuesday the decision of national carrier Qantas to have two of it Boeing 747s flown to Hong Kong for heavy maintenance in the later part of 2014.
Vittorio Hernandez Jan 22, 2014
Apple Inc Market Share Grows Faster Than Samsung in U.S.; Apple Stock to Reach $1000 in 2 Years
Apple Inc's market share in the U.S. has been the key driver of the company's success despite the growing competition led by Samsung Electronics. Although Samsung is gaining market share in the U.S., its gains are not the same with Apple Inc. While Apple Inc and its CEO Tim Cook are looking forward to "big plans" in 2014, analysts have speculated that the company's stock could reach $1000 after hitting the $705 mark in September 2012.
Reissa Su Jan 21, 2014
Australian Stock Market Report – Afternoon 1/21/14
Over the period of recent weeks the local market has cultivated the appearance of resilience. Appearance, because these kind statements have to be seen through the lens of summer volumes, which can make for some rather flighty price action. In the support of the claim, last week saw the market recover from a 2% deficit to end the week flat. Today the market was down almost 20 points before a mid-session recovery saw the market end the day ahead by 30 points.
Vittorio Hernandez Jan 21, 2014
CO2's CEO Grant Resigns as Australia Draws New Climate Policy
Andrew Grant steps down as CEO of CO2 Group Ltd, the largest carbon developer in Australia, as government draws on a new policy to adjust to climate change, thereby forcing the company to consider investing into new business areas.
Christine Gaylican Jan 21, 2014
China Launches Own State-Approved OS that Will Rival Android, iOS
China has developed its own mobile operating system called China Operating System (COS) that will rival Microsoft's Windows, Google's Android and ChromeOS, as well as Apple's iOS and MacOS platforms.
Esther Tanquintic-Misa Jan 21, 2014
Papua New Guinea No Longer Issuing Visas on Arrival for Australians
Papua New Guinea will no longer be issuing Australians visas on arrival, Peter O'Neill, Papua New Guinea Prime Minister, made the announcement on Monday.
Esther Tanquintic-Misa Jan 21, 2014
Australian Stock Market Report – Midday 1/21/14
The Australian sharemarket has crept into positive territory after a slightly weaker start. The All Ordinaries Index is up by less than 0.1 per cent; however is being held back by an underperforming mining sector. U.S. sharemarkets were closed last night due to the Martin Luther King Jr Day holiday; keeping trading volume lighter than usual. There is no major economic news scheduled for release in Australia or the region today; however yesterday's slightly better than expected Chinese GDP rea...
Vittorio Hernandez Jan 21, 2014
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