BUSINESS

Australian Stock Market Report – Midday 5-1-13

Local shares are slipping for the first time this week despite firmer global markets overnight. A lower than expected reading for China's official manufacturing PMI has kept investors in a selling mood. The All Ordinaries Index (XAO) is down 0.3 per cent or 18 pts to 5,150.6.

HTC Thunderbolt: Employee Apologizes for the Smart Phone’s Poor Performance [PHOTOS]

HTC must be pleased to hear the positive feedbacks now surrounding the recently launched HTC One smart phone after the unsuccessful HTC Thunderbolt release with owners complaining about poor battery life and performance as well as incompatible update cycle. Though it is not an official statement from HTC, an employee bravely acknowledged the Thunderbolt issue and apologized on the social news and entertainment web site “Reddit.”
More news

Dead by 2018: Tablets or BlackBerry?

Is BlackBerry Chief Executive Officer Thorsten Heins being prophetic or simply sourgraping? That question will definitely be on the mind of techies and geeks alike after Mr Heins forecast the tablet will be dead in 2018.

Australian Stock Market Report – Afternoon 4-30-13

The Australian sharemarket made it two straight days of gains, with the All Ordinaries Index (XAO) rising by 1.2 per cent. US markets hit fresh record highs thanks in part to improved corporate earnings, while the financials led local stocks higher in Australia today.

Australian Stock Market Report – Midday 4-30-13

Great start for the Aussie market with the ASX 200 index hitting a 52 week high in early trade after getting a real leg up from a strong rally in banking stocks. By lunch The All Ordinaries Index (XAO) stood at 5,145 points up 38points.

iPhone 5 Sold for $700 at Fake Apple Store in Afghanistan

Look out world. It seems not everything fake or imitation just originates from China. Another Asian country, war-torn Afghanistan, has been reportedly selling iPhone 5s for $700 courtesy of a retailer not recognized by the Apple Store hierarchy.

$98 Shirt You Can Wear 100 Days Without Washing

In 2011, a college student from the University of Alberta, Josh Le, were only one pair of jeans for 15 months and to his surprise found that the germ level of the garment was not worrisome. Could the same thing be said of shirts?

Australian Deficit: Where Did the Money Go?

Ah. So that's what happens when you spend money you expect to have and then the money fails to show up. You get a $7.5 billion federal deficit that will be around $12 billion by the end of the year. If Standard and Poor's said Australia's AAA credit rating was under threat without a government commitment to reduce the deficit, then aren't bigger government deficits a threat to Australia's credit rating now?

BHP Gets Rid of Pinto Valley for $650m

BHP Billiton informed that it finally got rid of the Pinto Valley copper mine and a railroad in Arizona. The lucky buyer of these assets is Canada's Capstone Mining Corp. which is to pay as much as $650 million to the global mining giant.

Revolution at JPMorgan as It Looses Co-COO Bisignano

J.P. Morgan Chase & Co. the financial behemoth, which employees 258,965 people and is considered the largest US Bank with operations across the globe, announced the departure of its Co-Chief Operating Officer Frank Bisignano on the 28th April 2013.

Samsung to Release 4 More Tablets in 2013?

It is not just the new 7-inch Galaxy Tab 3 that South Korean tech giant Samsung will release in 2013. Citing a Samsung tablet plans for 2013 leak, SamMobile claims the tech firm will release four more tablets for the remainder of the year.

Sings of Good Times to Come – Bank Lending Seen Creeping Up in UK

As per the latest Ernst & Young (E&Y) Item Club report the "Bank Lending of loans," UK business is going to see an upward swing by the end of 2013. If it does transpire that banks increase loan lending to UK business, it will be for the first time since the 2008 financial crisis which catapulted the markets and economy in turmoil.

Australian Stock Market Report – Afternoon 4-29-13

It was a solid start to the trading week with financial stocks driving the gains. After rising by 3.2 per cent over the course of the shortened trading week last week, local stocks added 0.5 per cent today. The All Ordinaries Index (XAO) finished the day's trade at 5,108.3pts.

Australian Stock Market Report – Midday 4-29-13

The local market is continuing on its strong run, with the All Ordinaries Index (XAO) up by 0.5 per cent. This follows on from the best weekly performance for Australian shares since December 2011.

Almost 400,000 Aussies Unfriend Facebook Since December 2012

While Facebook, the world's most popular social media site, continues to pervade the lives of its 1 billion members through the newly released Facebook Home, in Australia, the site is becoming less popular as almost 400,000 Aussies unfriended Facebook since December 2012.

The Truth On Gold

By Alexander Green, Investment U Chief Investment StrategistInvestors worldwide have watched gold take a precipitous plunge in recent weeks.

Why Are Central Banks Buying Stocks?

We end the week continuing on the 'bad news is good news' theme. Actually, it's a theme that's been in vogue for a while now, but it's really ramped up in the past week.

Paris – Let the City of Light Seduce Business

Paris... Can Paris be described in few words, one sentence, two sentences? The answer is no. Paris, the City of Light, has this undeniable magic that lures ordinary mortals. But the truth is that Paris is not only the city of love. Indeed, Paris is believed to be the better business destination. The City of Light is simply believed to be a place to do business.

Pages

  • MOST READ IN Business