BUSINESS

British Airways Considers Quitting from Kangaroo Route

British Airways has indicated in a submission to the Australian Competition and Consumer Commission (ACCC) that it is considering quitting from the London-Australia route, more popularly called the Kangaroo route. The London-based air carrier cited Qantas recent preference for Emirates as its alliance partner as reason behind its change of plan.

India's Risk of Downgrade to Junk Status 'One in Three' -S &P

Global rating agency Standard & Poor's warned on Wednesday that India still faced a "one-in-three" chance of a credit rating downgrade within the next two years, despite last month's blitz of new economic reforms to boost the sharply-flagging economy.
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Australian Stock Market Report – Midday 10/11/2012

ocal stocks continued to slide away from 14 month highs this morning, following another poor night on US and European markets. Wall Street eased was hit by more concerns over the outcome of the current 3rd Quarter reporting season.

Toyota Australia Recalls 300,000 Cars

Toyota Australia has recalled almost 300,000 vehicles to correct a defect with the cars' power windows in one of the largest recalls in automotive history.

€11.7 Quadrillion Mobile Phone Bill Shocks French Woman

A Frenchwoman got the shock of her life when her service provider billed her €11.721 quadrillion. Solenne San Jose of Bordeaux, upon receipt of the bill - which is almost 6,000 times France's yearly gross domestic product - immediately called Bouygues Telecom to verify the amount being collected.

Arrium Sells 50.3% Stake in Steel & Tube in NZ

Arrium sold its majority stake in Steel & Tube, a New Zealand company, for $74 million. The sale is expected to drastically reduce the more than $2 billion debt of the steel, mining and mining consumable company that used to be known as OneSteel.

Australia to Have 1 Million Homes With Solar Panels by June 2013

Australia is clearly on the road to one million homes having solar photovoltaic panels installed, the chief adviser to the Sustainable Energy Association (SEA) said on Wednesday. To help reach that goal is the opening of the 10-megawatt Greenough River Solar Farm in Western Australia.

The Market And The US Election

By Andrew Nelson in FloridaIt's an age old chestnut and God knows where it came from (not facts, that's for sure), but many in the US will stand by the claim that Republicans are good for the market.

Quantifornication

By Rick Mills, Ahead of the HerdAs a general rule, the most successful man in life is the man who has the best informationOverheated US housing prices started dropping in 2006.

Australian Stock Market Report – Afternoon 10/10/2012

After hitting a 14-month high yesterday, the Australian market ended in the red for the second time this week. The All Ordinaries Index (XAO) eased by 0.3 per cent or 14.7 pts to 4511.9. Keep in mind that both the volume and dollar value of shares exchanging hands remains light.

Seven Changes Between Windows 7 and 8

Microsoft's notorious Patch Tuesday has been replaced by Update Tuesday, at least for Wednesday, Oct 10, as the company makes sweeping alterations to Windows 8 and its core apps.

Australian Stock Market Report – Midday 10/10/2012

Local stocks have retreated from 14 month highs today, following a lacklustre session on US and European markets overnight. Wall Street eased into the red due to a lack of direction with no economic data released, and as investors showed nerves ahead of the start of the reporting season. At lunchtime in the East, the All Ordinaries Index (XAO) is down 13.6pts or 0.3pct to 4513.

Breville: A Stock For The Times

By Greg PeelThere would be few Australians unaware of Breville electric household products. The company was established in 1932 and on my reckoning probably cemented its Vegemite-style iconic status around about the seventies, by which time seemingly every home could boast a Breville toasted sandwic...

Ecotourism Australia Seeks High-Value Visitors

To develop a more profitable tourism industry, Ecotourism Australia Chief Executive Kym Cheatham pushed for more focus on high-value visitors instead of just increasing the number of tourists.

Qantas Clashes with NSW Premier on 2nd Sydney Airport

Qantas is on an apparent collision course, not against Virgin Australia or Tiger Airways or Middle Easter air carriers, but against the premier of New South Wales (NSW) over the plan to build a second airport in Sydney.

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