BUSINESS

AIG Decides to Sell 80% of Aircraft Leasing Unit to Chinese Group

American International Group Inc. informed that it would sell an 80.1 percent stake in its International Lease Finance Corp. to a group of Chinese investors for as much as $4.2 billion. The acquisition is expected to be the China's biggest purchases of an American company. What is more, the group of Chinese investors has an option to buy an extra stake of 9.9 percent, which would give them as much as a 90 percent stake in ILFC.

New Smartphones for 2013 from Google, LG, Samsung, Sony, ZTE

The coming year, 2013, promises to be exciting times for the smartphone marker as innovations of hardware components and advance software features for smartphones are rolled out. Flexi phones, rolling screen, wireless control over drones, cars, and security cameras are what consumers should expect for the next 12 months in the mobile industry.

Southern Cross Austereo Shares Drop Up to 8.1%, 2Day FM Loses $100,000 a Day in Advert Revenue over Royal Prank Call

The joke over the royal prank call is not just on the British monarchs and the hospital where Kate Middleton is confined but has hit Southern Cross Austereo, the Australian company that runs 2Day FM. Reports said that as a result of the apparent suicide of Jacinta Saldanha, the nurse who answered the prank call from DJs Mel Greig and Michael Christian and gave medical details, shares of the Southern Cross plummeted up to 8.1 per cent on Monday while the radio station is losing $100,000 a day in ...
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Australian Stock Market Report – Afternoon 12/10/2012

Whilst several regional indices ended the session in the red, the general market atmosphere at the start of the week was constructive. The Dow and S&P 500 concluded last week on positive note following an upbeat government jobs report. US Non-farm payrolls gained by 146k in November (60K better than expected), although October job gains were revised lower.The unemployment rate dropped from 7.9% to 7.7%, the lowest since December 2008.

Australia Police Warns on Using Those iPhone, iPad Apple Maps

So you are a tourist who has an iPhone that is most probably equipped with Apple Maps. And then you got lost somewhere in Australia. Of course your first recourse would be to locate your whereabouts in the resource-rich nation through Apple Maps. But Australian police warned better notdepend on Apple's new iPhone mapping system or risk experiencing the same fate of motorists who got lost after relying on the glitch-filled app.

HTC Gears Up the 'J-Butterfly' for High-End, Overseas Buyers

HTC would like to call this a different smartphone from the Droid DNA and J-Butterfly but the Butterfly looks and acts like its siblings, though this is another flagship phone from the Taiwan-based firm that is geared for the international market.

Australia Introduces Health App in Time for Christmas

During Christmas one gets sick due to stress and anxiety that the harried season sometimes give. And if you get sick right smack on Christmas Day, and it so happened you're miles away from home coz you're celebrating Christmas at some other town, the more you feel you'll get sick because you don't know of any available doctor nearby.

Australian Stock Market Report – Midday 12/10/2012

The Australian sharemarket is improving for the fourth time in six sessions, with the All Ordinaries Index (XAO) up 0.4 per cent or 17.6 pts to 4573.5. The defensive healthcare sector is the lone loser at lunch, with all other regions of the market edging higher. Better than expected job numbers in the U.S on Friday and strong economic news out of China yesterday is helping keep our market positive. There were around 50,000 more jobs created in November than expected in North America, while reta...

Sony Says Goodbye to Walkman and Other Handheld Cassette Players

As the famous cliché goes, all good things come to an end. Or something to that effect. In today's era ruled by smartphones, tablets, and other more convenient portable options, Sony announced over the weekend it is finally giving its Walkman and other handheld cassette players lineup the rest it deserves. Sony said that the current batch of TCM-400, TCM-410 and TCM-450 devices will be the last that it will produce, effectively easing out the product item from the IT and gadget market early n...

HTC One VX on AT&T: A Must Christmas Buy for Only $US49.99

Smartphones are getting more attractive for the holidays and HTC has pushed out another unit to get you thinking for a serious buy. The HTC One VX is not exactly a fresh issue, its market debut only fraught by delays but on Dec 7 AT&T started offering the handset for only $US49.99.

Apple to "Repatriate" Some Production back to U.S. from China

Tech giant Apple Inc will invest nearly $100 million next year in order to shift a small proportion of its production capabilities back from China to the United States, announced its chief executive Tim Cook on Thursday, in a move widely seen as a high-profile test of American manufacturing competitiveness.

How to UnJailBreak an iOS device

Despite the emergence of several JailBreaking methods, there is no perfect one they will surely last forever without the iPhone suffering from lagging or bugs. Phone owners who are experiencing such technical glitches could try reversing the process.

Android OS Updates for ASUS Padfone 2, Motorola, and LG Optimus 2x

The update is out for several Android mobile devices such as the ASUS Padfone 2, many Motorola units, and finally the LG Optimus 2x. The long wait among these devices is over and the standardisation of Android OS version is finally scheduled for release in the first quarter of 2013.

Australian Stock Market Report – Afternoon 12/7/2012

Local stocks enjoyed a solid end to the trading week, following positive offshore moves and strong gains from blue chip stocks. The All Ordinaries Index (XAO) finished the session firmer by 40.2pts or 0.9pct to 4555.9, its highest close since the 19th October.

Google Pushes Out Nexus 7 3G

The well-received Nexus 7 now comes with 3G connectivity, expanding the network capability of the tablet previously released by Google (and Asus) with only Wi-Fi access.

Mastercard Reveals Key to Aussies Retail Patronage

Australians would most likely patronage or buy items sold locally, such as gadgets, if only they were priced cheaper than counterparts sold overseas, a study by MasterCard released on Friday showed.

Asus PadFone 2, Compelling Reasons to Buy this Christmas

Published price tag of the ‘full’ Asus PadFone 2 starts at over $1000 in Australia. Seems pricey on first look but the package actually delivers two devices – the standalone smartphone which then becomes a tablet when docked with a companion shell.

Australian Stock Market Report – Midday 12/7/2012

The Australian sharemarket is improving for the third time this week, with the All Ordinaries Index (XAO) gaining by 0.8 per cent or 36.5 pts to 4552.2. All sectors bar the utilities are higher, with the miners and financials leading the rise.

Nokia Goes ‘Mini’ on the Compact Lumia 620

Nokia’s chief designer Ahtisaari has a new Lumia baby and we’ll get to see it January 2013. Touted as the most affordable Windows Phone 8 handset that is set to hit global markets, the Lumia 620 will retail at $US249.

Your Editor On Twitter

By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.

Starbucks Returns to Expansion Plan and Keeps an Eye on China and US

Starbucks Corp. returns to its expansion plan as it has announced that it is going to open as many as 2,400 outlets in just two years. Two major markets, which will see the Starbucks Corp.'s expansion, are China and the United States. If the company's expansion plans is achieved, Starbucks Corp. will have over 20,000 stores worldwide.

Apple, HTC Ink Deal: No Cloning of Apple Experiences

In November, an agreement between Apple and HTC about patent forbade the Taiwanese company to make and sell mobile devices that copies what is described as Distinctive Apple User Experience. With the deal, the two tech companies settled their most outstanding patent disputes in a settlement that includes a 10-year agreement with current and future licenses and patents between each other.

Capitalist Dystopia in the USA

When investors are fearful, they look to hedge their portfolios by buying 'insurance' that will protect them if the market falls.

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