BUSINESS

Ford Develops Driverless Automobiles: The Car that Parks by Itself and Avoid Crashes

Motor company Ford showed off prototype cars with two new technologies in Europe. One system allows a car to park itself without a driver inside while another automatically turns the steering wheel to avoid stopped cars or pedestrians. The driver less vehicle would be an advantage in the parking places as that consumes the much of time.
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Australian Stock Market Report – Afternoon 10/10/13

The key takeout from today's trade is that opportunistic buyers are not being bullied by the selling fraternity. In recent days the headlines from Washington have given sellers the edge although, they have only been prepared to chance their arm so far. The early session provide a good case study of this today.

Lenovo to Acquire HTC: 3 Possible Benefits of HTC from Acquisition Deal

Lenovo could be the saviour of HTC in smartphones wars if the Taiwanese company allows acquisition. HTC has been in trouble this year through several issues such as patent infringements and failure of One smartphone to beat Samsung Galaxy S4. If acquired, three possible benefits may bless HTC to get back its feet on the ground.

Good as Dead? Latest Leak at Japan Fukushima Plant Contaminates 6 Workers

Six workers of Japan's crippled Fukushima nuclear power plant have been directly exposed to leaking radioactive water. The Tokyo Electric Power Co (TEPCO), the plant's operator, on Wednesday said the unfortunate accident occurred due to carelessness when one of the workers detached a pipe connected to a water treatment system at the site.

Australian Stock Market Report – Midday 10/10/13

Australian stocks are back in the red in early trade on Thursday, despite gains made on blue chip stocks in New York overnight. The US Dow Jones Index closed in positive territory after President Obama nominated current US Federal Reserve Vice-Chair Janet Yellen to succeed Ben Bernanke as Fed Chief when his term ends in January 2014. If endorsed by the Senate, Yellen will become the first female Federal Reserve Chair in the bank's 100 year history.

Gold And The Yellen Factor

By Jonathan BarrattWe have been focused on the reasons as to why gold has not benefitted from US fiscal mismanagement.

Australian Stock Market Report – Afternoon 10/9/13

One of the more valuable aspects of the current market atmospherics is to see how the market performs when dealing with the headwinds being generated by US politics. Today, and not for the first time, the local index showed some mettle. Have been handed a poor finish on Wall St, the market started under duress, losing as much as 30 points in the first hour of trade. From that point however buyers slowly began to reel in the deficit. By the early part of the afternoon the market peaked at its bes...

Australia-India Nuclear Trade Talks Soon: What’s in store?

Australian Prime Minister Tony Abbott will meet his Indian counterpart Dr. Manmohan Singh on the sidelines of the India-ASEAN and the East Asia Summit Oct 9-10. Top on the agenda will be the need for finalisation of a nuclear deal between the two countries. The External Affairs Ministry has already said that the two countries are hoping to hold a third round of nuclear cooperation talks in Dec 2013.

Eight Policemen in Wentworthville Fire: Heroes Who Risked Lives to Save Possible Suspect

8 police officers who risked their lives by entering a burning building in Wentworthville, New South Wales (NSW), Australia on Oct. 8, 2013 to help people who were trapped inside have been praised as heroes for their brave act. However, the man they saved, 36-year-old Jomaa Market store owner Chadi Jomaa, could be the one who started the fire in the first place.

Australian Stock Market Report – Midday 10/9/13

The Australian sharemarket is down for the fourth straight day, with the All Ordinaries Index (XAO) down 0.1 per cent. The US government shutdown has entered day eight and we're only nine days away from the debt ceiling deadline (US will run out of cash to keep economy running unless ceiling raised).

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