The Overnight Report: It Was Just A Flesh Wound
By Greg PeelThe Dow closed up 99 points, or 0.7%, while the S&P gained 1.0% to 1511, with the Nasdaq rising 1.
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.
Untethered Jailbreak Evasi0n Deploys for Ready Use by iPads, iPhones, iPod Touch on iOS 6.x
Good news for the millions of iOS 6.x-powered gadget users. The untethered jailbreak evasi0n tool is ready for download for owners of iPhone 5, iPhone 4S, iPhone 4, iPhone 3GS, iPad mini, all iPad models and the last three generations of the iPod touch models.
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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.
Google Pushes Back Delivery Period for Nexus 4 8GB: New Supply Shortage Looming?
Nexus 4 resumed deliveries last week and buyers actually got what they asked for, in some cases after only three days of waiting. It appeared the shipping fiasco, as pledged by LG and Google, that marred the smartphone’s launch late last year has been resolved.
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.
British Airways Ends Code Share with Qantas as Australian Flag Carrier Develops Strong Links to Singapore, Hong Kong
British Airways has informed Australian flag carrier, Qantas, that it would not reinstate its code-share agreement for connecting flights between Asia and London when their decades-long partnership officially ends on March 31, reports said.
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.
The Overnight Report: Sleeping Demon Awakes
By Greg PeelThe Dow fell 129 points, or 0.9%, while the S&P lost 1.2% to 1495 and the Nasdaq dropped 1.
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.
Quad-Core Motorola X-Phone Buzz: Set to Stand on Key Lime Pie with Starting Price Tag of $US299
More clues came out that there is a Motorola X-Phone project, its existence allegedly confirmed by a LinkedIn job posting searching for a project director, according to tech experts.
After M7, HTC Preps Dual-Core M4, Entry-Level G2 for Q3 2013 Market Debut
The HTC M7 is definitely hitting store shelves by Q1 2013 with no less than HTC chief executive Peter Chou reportedly brandishing the quad-core 1080p smartphone in a recent company gathering.
Samsung Set to Intro 1.5GHz-Powered Galaxy Tab 3 7.0 for $US149 via the 2013 MWC?
New Samsung tablets are set to be unveiled at the 2013 Mobile World Congress in Barcelona and among them is the entry-level Galaxy Tab 3 7.0, said to carry a starting price of $US149.
Strong Aussie Dollar, Logistics Problems Cause Jump in Chevron’s Gorgon Project to $52B from $37B
U.S. oil giant Chevron's expenses to build the Gorgon natural gas project in Australia has gone up by $15 billion. The company blamed the rise to $52 billion from $37 billion to the high Australian currency and extra logistics.
Samsung Galaxy S3 Hack in 10 Minutes for Wireless Charging
The upcoming Galaxy S4 is rumoured to sport wireless charging capability but those who can hardly wait for the next Samsung flagship smartphone launch and happen to own the million-selling Galaxy S3 can actually enjoy this feature in advance.
Australian Stock Market Report – Midday 2/4/2013
The Australian sharemarket has kicked off the week a touch higher, with the All Ordinaries Index (XAO) up just 0.1 per cent or 3.1 pts to 4945. Global markets rose impressively on Friday, partly thanks to a healthy jobs report out of North America. There were 157,000 jobs created in January, while previous monthly reports were upgraded which was also seen as a positive.
Tubbataha Reef Damage to be Compensated -- US Embassy in Manila
The United States Embassy in Manila said the U.S. government has vowed to extend the 'appropriate compensation' to the Tubbataha Reef that was damaged when its mine countermeasure ship USS Guardian ran aground on the precious World Heritage site on January 17.
T-Mobile Withholds Windows Phone 7.8 Update to Nokia Lumia 710 Users
Nokia Lumia 710 users in the United States will not be getting further support from carrier T-Mobile, specifically in accessing the Windows Phone 7.8 update, a new report said.
New Yorker’s iPhone 4s Explodes, But Apple Won’t Replace Unit; 8 Tips to Prevent Mobile Phone Batteries from Exploding
Shibani Bhujle, a New York marketing manager, complained of an incident unexpected by other iPhone users. She said that her one-year-old iPhone 4s spontaneously combusted which burnt her fingers and then oozes a liquid out of the device.
Experts Forecast RBA Will Keep 3% Overnight Cash Rate in Feb; Big 4 Earn $2.4B More in 2012 by Pocketing Part of Past Rate Cuts
Experts forecast over the weekend that the Reserve Bank of Australia (RBA) will retain the record-low 3 per cent overnight cash rate when it meets on Tuesday for its monetary policy decision.
Gina Rinehart is Still Australia’s Richest Person with $965M Losses
Even if mining magnate Gina Rinehart lost $965 million in 2012 and is no longer the world's richest woman, with $17 billion in her treasure chest, she is still Australia's richest person.
US Saw Strong Car Sales in January
After optimistic results noted in 2012, the beginning of 2013 is also comforting for automakers as new car sales in the US increased sharply in January.
China’s Geely Acquires Taxi Maker Manganese Bronze
After all, there are happy endings... Chinese car manufacturer Zhejiang Geely Holding Group Co. informed that it acquired legendary cab maker Manganese Bronze for approximately £11 million. The producer of London's black taxis run into financial difficulties and entered administration in 2012. It seems that Manganese Bronze's legend will be restored at last.
Production Report Makes Independence's Day
- Independence Group increases production & grades- Reduces costs- Exploration potential- Two brokers upgrade to BuyBy Greg PeelIf commodities analysts had to pick one metal/mineral offering little in the way of enthusiastic price upside in 2013 it would likely be nickel.
Advertising Shifts Substantially Into New Media
-Advertising spending to improve-But mostly in new media-Publishers face strong headwinds-TV advertising to reboundBy Eva BrocklehurstTraditional media is on a downhill road, advertising spending is choppy, debt levels are high.
Australian Stock Market Report – Afternoon 2/1/2013
The positive atmosphere around the local stock market has continued to build at the end of the week. In the last 2 days there have been a number of setbacks, yet the upward momentum of the index has prevailed.
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