BUSINESS

Australian Stock Market Report – Afternoon 1/8/2013

Local stocks pulled back today, ahead of the start of the US earnings season and as investors looked towards the next crucial stumbling blocks for the global economy. Despite gaining in the early session, the All Ordinaries Index (XAO) finished the day's trade at 4712.3pts, down 25.8pts or 0.5pct.
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Australian Stock Market Report – Midday 1/8/2013

Following a modest pullback yesterday, the Australian sharemarket is back in the black at lunch with the All Ordinaries Index (XAO) up 0.1 per cent or 2.8 pts to 4740.9. Yesterday the XAO slipped by around 0.1 per cent, however local shares are still up 1.75 per cent so far in 2013 (after five sessions of trade).

Australia Anti-Smoking Drive: Plans to Increase Prices of Cigarettes Considered a Welcome Move

Arguably, any plan of any government to raise prices of commodities automatically creates pandemonium on its voting populace. But in Australia, the proposal to increase the prices of cigarettes has been considered a welcome move. Apart from the end goal of increasing the national government's coffers, the plan could help severe the rising number of lung cancer deaths in the country brought by excessive smoking.

New Sony, Huawei, Lenovo Devices at CES 2013

While many smart, high-tech TVs and cars will dominate most of the appearances in the CES 2013 in Las Vegas, Sony, Huawei, and Lenovo will bring some of their new devices to the show.

Dacor to Release Wall Oven Powered by Android OS

For 2013, the California-based kitchen appliances maker Dacor will release the first wall oven using Android OS. The wall oven has a dimension of 30 inches and its Android controller is powered by a seven-inch device called Discovery IQ controller.

Australian Stock Market Report – Afternoon 1/7/2013

Positive jobs data out of the US on Friday failed to give a boost to local stocks today. The main All Ordinaries Index (XAO) finished slightly lower, down 4.8pts or 0.1pct to 4738.1. On Friday, the S&P 500 Index in the US hit a five year high, while the Dow Jones Index was up 3.8pct on the week, its best weekly win since December 2007 as lawmakers agreed on a deal to avert the fiscal cliff and December jobs numbers came in higher than expected.

Australian Olympic Boxer Damien Hooper Faces Court Charges

Australian Olympic boxer Damien Hooper got himself embroiled in a tight fix during the weekend after a night of clubbing at a Queensland nightclub.One of the country's finest boxers is now facing charges before a court of law because of a gruesome night of misbehaving.

Australian Stock Market Report – Midday 1/7/2013

Today the Australian share market opened higher with the All Ordinaries Index (XAO) adding 24 points. The Aussie market received a boost from the better than expected non-farm payrolls, Job report, in the states on Friday. As the start of trade the best performing sectors were Industrials, Banks & Energy. In the mining sector the small & medium size miners did better than large players and the media sector was once again listing small gains.

3 Sexting Apps on the Loose

Majority of teenagers now have access to smartphones which they primarily use for basic phone functions, education, social media, and entertainment. But when entertainment needs goes beyond the usual movie and TV fare, pornography is the first thing in mind. Network carriers have filtered these Web sites but teens have found a way around it through sexting - messages and pics that are sexually explicit.

10 Best Business Apps for Android, iOS

The New Year of 2013 has entered its second week and for many, this week would be back to business as usual. It is another year to make small, medium or large businesses more productive and efficient for loyal customers. Handling a business can be very stressful and demands a lot of time and effort, but through Android and iOS devices and apps, entrepreneurs and corporate executives can enjoy the advantage of having a secret adviser that can do things even when the assistant or accountant is not...

Apps to Track New Year’s Resolutions (VIDEOS)

Google has launched an application that lets people follow and track their New Year's Resolution through an online map and also lets them see what others around the world have promised in 2013. The California Internet giant's 2012 Zeitgeist Web site obtained half a million log entries and more than a third involved "to love" or "be loved" entries. The entries are divided into several categories including love, health, finance, career, education and family.

Gina Rinehart Bumped off as World’s Richest Woman?

The statement that Gina Rinehart has oodles of money is a given fact. Two years' worth of financial statements published by the Australian Securities and Investment Commission (ASIC) covering the years 2010 and 2011 said that profits of Hancock Prospecting, owned by Ms Rinehart, rose to $1.2 billion as of mid-2011 from $225 million in June 2009.

BMW Outperforms Mercedes in U.S. Market

2012 December will be long remembered by luxury carmakers, including BMW AG, Mercedes-Benz, Audi and others, as they saw record luxury car sales in the U.S. market. BMW AG indeed preformed so good in the last month of the year as it saw an increase of approximately 39 percent for the period in the U.S., topping Mercedes-Benz in luxury car sales for 2012.

Transocean Settles to Pay $1.4B for Gulf Oil Spill

Transocean Ltd. agreed to pay as much as $1.4 billion to settle civil and criminal claims over Gulf oil spill in 2010, the U.S. Department of Justice informed on the 3rd of January. The offshore driller also conceded that its team was partly liable for the 2010 Deepwater Horizon accident in the Gulf of Mexico.

“McDreamy” Patrick Dempsey to buy Seattle-based Tully’s Coffee

Patrick Dempsey's Global Baristas LLC informed that its bid for Seattle-based Tully's Coffee was accepted. Also Starbucks Corp. and Baristas Coffee Co. took part in a bankruptcy auction. The "McDreamy" Patrick Dempsey's company is to pay approximately $9.15 million for a small coffee chain.

HTC Set to Unleash a Beastly Beauty M7 in February 2013

HTC M7 will be unleashed first quarter of 2013 but it remains unclear if the smartphone will be previewed on this week’s Consumer Electronics Show in Las Vegas following conflicting reports that the gadget is slated for a Mobile World Congress debut in February.

Australian Stock Market Report – Afternoon 1/4/2013

Some of the excitement surrounding the U.S budget legislation seemed to die off today. The Australian sharemarket lost a little ground today for the first time this year after a strong start to 2013. The All Ordinaries Index (XAO) slipped by just 0.4 per cent or 18.5 pts to 4742.9, however improved by over 1.2 per cent this week. Aussie shares are currently trading at 19-month highs, and Wednesday was the best start to a new year in over a decade.

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