BUSINESS

Australian Stock Market Report – Midday 2/6/2013

The Australian sharemarket is back in the black following two straight sessions of weakness. The All Ordinaries Index (XAO) is up 0.8 per cent or 40.6 pts to 4943.2. This is the 12th time in 15 sessions that local shares are improving.
More news

BlackBerry 10 OS to Support Android 4.1 Jellybean

In the future, BlackBerry 10 will eventually support application from the Android OS. This is one of the major features of BlackBerry 10 which gives access to more applications than what it should only have. Although it is good news that Blackberry can now support Android apps, the implementation is not that amazing since the Android-based version to be used in BlackBerry is almost 2 years old.

Michael Dell Buys Back Company for $24.4 B

Financially challenged computer manufacturer Dell is selling the company to its former owner and other investors for $24.4 billion. Dell announced on Tuesday night that it has reached a complex agreement that would allow the company founder, Michael Dell, to buyback the company

Questions Mount Over Cochlear's Top Status

-Cochlear facing some competition-Brokers prefer ResMed-More Sell ratings-China tender the main positiveBy Eva BrocklehurstCochlear ((COH)), at the top of the market for hearing implants, is getting some push and shove.

Australian Stock Market Report – Afternoon 2/5/2013

The last 24 hours has provided some perspective for global stock indices which have rallied substantially since the end of last year. Corruption allegations levelled at the Spanish Prime Minister Rajoy roiled European markets. Additionally, Italy's former Prime Minister Berlusconi has gained ground in the polls ahead of elections this month. Mr Berlusconi has been campaigning a platform of rolling back current austerity policies.

Australian Stock Market Report – Midday 2/5/2013

Local stocks are trading in the red at lunchtime in the East, following falls on European and US markets overnight due to political concern in Europe. The Dow Jones Index suffered a triple digit loss, after climbing above the 14,000pt level on Friday for the first time in five years.

Uranium On A Rough Road Higher

By Andrew NelsonJanuary was an interesting if not riveting month for uranium market watchers. Volatility was the name of the game, but the good news for investors and producers is that while it may have been volatile, January was still a positive month in terms of spot price movements.

Android Malware Eavesdrop on PCs via Microphone

Two sneaky Android apps have been detected by Kaspersky, a well-known anti-virus and malware security developer. The apps cloaks as cache cleaners but instead snoop around once connected to PC. Superclean and DroidCleaner are the two applications uncovered by Kaspersky Labs. Both feature clean-up of Android phone or tablet cache files.

China Smog Spreads to Japan

The month-long smog hanging over China had been blown over to Japan's skies, putting another strain to the relations of the two countries riled by a diplomatic rift over coveted Senkaku Islands.

7 Good Deals from T-Mobile, AT&T: Smartphones for Less Than $199

Too many mobile devices have saturated the market and all of these came from different brands. Anyone can purchase a new mobile device from a network carrier using a plan or from a retail store to get an open-line. But with the increasing need for internet usage, primarily 3G, network carriers make good deals with the latest smartphones in the package, such as the seven offers from two major telecom service providers.

Beijing Bars Fireworks for Lunar New Year to Curb Pollution

Gripped by a toxic smog pollution which doesn't seem to abate, Beijing will be barring fireworks on heavily polluted days in the lead up to the Spring Festival holiday on Sunday as part of a package of measures aimed at dealing with air pollution in the capital.

HTC Launches New Flagship, M7, to Counter Drop in Sales

The Taiwanese firm HTC is still under warning of continues sales drop. The intense friction between Apple and Samsung in terms of marketing has stumbled HTC while the new players, Huawei and ZTE, compete inside China, which kicked the Taiwanese firm out of the top five in the last quarter of 2012.

Top 10 Most Expensive Global Cities in 2013, Sydney on 3rd Place

Not only is the Australian currency rising, even prices of goods and services in major cities in the land down under are also going up at a faster pace. Thus, two Australian cities are in the Economist Intelligence Unit's 10 most expensive cities in the world.

Troubled UK Construction Sector Contracts in January

The troubled UK construction sector contracted again in January, according to the newest figures. However, construction companies showed a little bit more confidence as they employed new workers for the first time in four months.

Anglo American Platinum Posts $715m Loss on 2012 Labor Strikes

Anglo American Platinum Ltd., the world biggest producer of the metal controlled by Anglo American PLC, informed that it saw an operating loss of approximately $715 million in 2012 as its production was affected by violent labor strikes in South Africa.

China Sees its Services PMI Grow to 56.2 in January

According to official data, China's services PMI in January jumped to 56.2. Certainly, the improvement was driven by retailing and construction segments which bolstered and boosted government's efforts to get the China's economy back on track. The services PMI for January is another sign that the China's economy is indeed recovering from a slowdown.

Australian Stock Market Report – Afternoon 2/4/2013

A flurry of buying for local stocks at the beginning of the session failed to translate to anything more substantial on Monday. By the close of trade the market was close to the lows of the session. The main factor at play was the lack of a catalyst as the market traverses the region around the 5000 market. The ASX200 opened at 4927.2, traded at a high of 4951.3, made a low of 4907.5 which was where the index closed.

Pages