BUSINESS

Australian Stock Market Report – Midday 2/28/2013

The local sharemarket has opened higher today after upbeat economic data in the US lifted investor sentiment and better than expected bond auctions in Italy saw European markets rebound. At noon, the All Ordinaries Index (XAO) is up 34.6pts to 5087.7pts.
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Oil To Move Lower

By Jonathan BarrattWe have seen a break below US95.70 (West Texas Intermediate) from two weeks ago and this has culminated in a move lower for the commodity.

AGL Powers On

-Solid interim result-Competitor beat in retail-Limited discounting a plus-Loy Yang A robust contributionBy Eva BrocklehurstBrokers gave AGL Energy ((AGK)) the thumbs up after the interim results.

Australian Stock Market Report – Afternoon 2/27/2013

At the close of local trade the ASX200 had gained 0.66 per cent to 5036, the All Ordinaries index had gained 0.62 per cent to 5033. Value remained strong, there were 2.1 bln transactions which gave rise to $4.5bln shares changing hands. 529 stocks ended the day higher, 454 ended in the red and 381 were unchanged.

2013 Papal Conclave: ‘From the New Pope, We Simply Expect Courage’

In the midst of the sexual abuse crisis now hounding the Roman Catholic church which ironically is in its most critical period in selecting the new pope, believers of the faith say it is not enough that the highly anticipated new leader is just plain spiritual or has charisma to convert bigots into the secular religion.

Australian Stock Market Report – Midday 2/27/2013

The Australian share market has rebounded from yesterday's drop triggered by concerns over Italy's political gridlock. Positive US economic data and assurances by the Fed chairman has given the local market a lift. By midday, the All Ordinaries index (XAO) is up 0.52pct or 25.9pts to 5047.7pts.

iPhone Tops Reliability Survey, Better than Android Phones

Android phone manufacturers Samsung, HTC, Motorola, and Windows Mobile lead runner Nokia still are no match to Apple's iPhone when it comes to reliability, a survey says. A report from FixYa showed the loyalty of many smartphone users that made the iPhone beat other top-of-the-line units such as Samsung Galaxy S3 and Nokia Lumia 920 when it comes to function and ecosystem.

Australian Stock Market Report – Afternoon 2/26/2013

For weeks now a common market discussion has turned around the rise of the markets and the speed with which the ASX200 ascended to the 6000 mark. Over the course of this time there have been few outcomes to interfere with the rosier perspective adopted by the market. The last week has seen this paradigm revert to themes that were common place at the end of last year. European political risk and the state of US finances have returned to cast a pall over market sentiment.

Apple iMap: Aussie QA/Developers to be Hired to Fix Problems

Apple Maps is still confusing to use, and it has caused several incidents in 2012, not to mention misleading people to drive into the middle of the forest. The application's flaw led Apple to include Google Maps available for download as an alternative for users using iOS devices in other areas not yet covered by the app.

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