BUSINESS

Canada’s Apex and Lockeed Martin (NYSE:LMT) Ink Agreement on F-35s Amid Scrutiny Over Delivery Delay Costs

Apex Industries Inc is the most recent firm from Canada to join hands with Lockheed Martin (NYSE: LMT) in developing the F-35 Lightning II program. The contract agrees to the use of Apex’s aluminium metallic parts that make up the wing and the forward fuselage. The agreement was described as a "multi-year" contract with all the work to be done at the New Brunswick, Moncton-based Apex facility.

Australian Stock Market Report – Afternoon 9/5/13

The Australian sharemarket slid for the second straight day, despite the best improvements in a month in the US last night. The All Ordinaries Index (XAO) fell by 0.4 per cent, with only the defensive healthcare sector, industrials and IT industries escaping the selloff.

Huawei Australia Opens Brisbane Office, Launches Undergraduate Program to Send Students to China Headquarters

Huawei Australia has announced the opening of a new office in Brisbane with nine staff to be added to its staff of 700, to which 85 per cent of that number are locals. Huawei already has offices in Sydney and Melbourne. The opening of the new Brisbane office will help extend the company’s operations and consumer reach in Australia. The Lord Mayor of Brisbane Cr Graham Quirk has signed an agreement with Huawei, a telecommunications giant in China, to encourage local students to study and learn...

Baxter’s Global Acquisition of Gambro Cleared by ACCC

Australian Competition and Consumer Commission (ACCC) on Wednesday said, it will not oppose the proposed acquisition of Gambro AB by Baxter International Inc. This decision of the Commission follows an undertaking submitted by Baxter that it will sell part of its Renal Replacement Therapy business.
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Syria Only Reason For Stronger Oil

By Jonathan BarrattAt the moment our focus remains on Syria for the next move in oil. As mentioned, Syria does not produce any oil of note however investors see any military invention by the US as a regional issue and as such a premium is being built into the market.

Kim Dotcom Quits Mega; Will Focus on Other Projects, Legal Battles & Political Aspiration

Kim Dotcom seems to have a few more surprises up his sleeves. After his tweet about plans to launch a political party in New Zealand - a leak which he attributed to “whistleblower”- picked up storm, it is now known that he quit as director of Mega, the cloud hosting service that he launched with much fanfare in Jan 2013, after his previous file sharing venture Megaupload was shut down in a U.S. driven operation, following allegations of mass copyright infringement and money laundering.

Syria and the Perpetual War Economy

Whether you agree or not that the US ought to strike Syria, there is one reason it will: Because it has to. (Indeed, the bombing may already have started by the time you read this.)

A Manufacturing Industry Revolution

Yesterday's data dump was a non-event. Retail sales rose 0.1%, the current account deficit widened a little, and the RBA didn't change interest rates. The ASX200 followed suit with its own dramatic move, rising 0.16%.

A Trader's Wrap

By Chris Weston, IG MarketsEvery now and then the market picks a currency, throws it firmly in the spotlight and runs with it.

Australian Stock Market Report – Afternoon 9/4/13

The Australian share market closed in the red today for the first time since last Wednesday as concerns of a US led invasion into Syria jittered investors around the globe and saw a slide in commodity prices during Asian trade.

Australian Packaging Major Amcor; Poised for Growth in India

Australian packaging major, Amcor Ltd., is strengthening its position in the growing Indian packaging sector to achieve organic and inorganic growth. Meanwhile, reports say, the company plans to split its divisions - retaining its plastics divisions and establishing a new company for its other units.

The Truth About Nokia-Microsoft $7.1BN Deal

In the wake of the Nokia-Microsoft $7.1BN deal, can Nokia improve problematic Microsoft Windows phone image and why does Nokia refuse to sell its full patent to Microsoft?

Australian Stock Market Report – Midday 9/4/13

The Australian sharemarket is slipping for the first time in five trading sessions, with the All Ordinaries Index (XAO) down 0.6 per cent at lunch. Continued tensions in Syria and an increased probability of QE tapering in the US later this month are catalysts.

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